March 2025

A monthly newsletter brought to you by your Pratt and LeFevre Corporation Team

🚀 2025 Business Success Summit: Tax Planning & Strategies for This Year

🗓 March 19 | 8 AM Pacific | 9 AM Mountain | 10 AM Central | 11AM Eastern
📍 Register Here

If you’re a business owner looking to reduce taxes, protect assets, and build long-term financial security, this webinar is for you! Our expert panel will walk you through powerful, legally sound strategies to structure your business for maximum advantage.

💡 Featured Topics & Speakers:

• The O.N.C.E. Cash Flow Strategy – Brandon Roper
• Taxes for Different Business Structures – Ravi Maringanti, CPA
• Protection & Tax Differences Between Revocable & Irrevocable Trusts – Crystal Lee Flynn, Trust Attorney
• How to Bring It All Together for Your Business – Ronald W. Haycock, Management Accountant

🎥 Missed previous sessions? Register now and get access to past segments so you can catch up before the next event!

📍 Register Here

📌 Business Owners: Are You Using the Right Asset Strategy?

One of the biggest financial mistakes business owners make is asking, “Which entity should I use?” when they should be asking, “How can I use multiple entities together?”

Most small businesses don’t realize the power of a well-structured system that combines a trust, an LLC, and a C-Corp. This multi-entity approach offers:
✅ Better tax planning—Legally defer or minimize taxes.
✅ Asset protection—You don’t need to own assets to control them. By structuring ownership through the right entities, you can use, benefit from, and protect high-value assets while reducing personal liability.
✅ Financial flexibility—Pay yourself smarter, not harder.
✅ Reduced risk—Shield assets from lawsuits, creditors, or unforeseen liabilities.

📌 Misconceptions We’ll Address in the Webinar:
🚫 “This is only for big businesses or wealthy individuals.” (False! This works for mom-and-pop shops, too!)
🚫 “I just need an LLC or a C-Corp, not both.” (Why not leverage the strengths of multiple entities?)
🚫 “I set up my business structure once and never have to touch it again.” (Ongoing documentation is critical!)

🔹 Want to learn how to apply these strategies to your business?
🔹 Join us on March 19 to get real, actionable insights from tax and financial experts.

🎯 Register Here for the 2025 Business Success Summit!

📌 Tax Reminder: LLC Taxes Are Due March 15

While you’re getting your business finances in order, don’t forget the March 15 deadline for LLC tax filings!

🔹 If your LLC is taxed as a partnership (Form 1065) or an S-Corp (Form 1120-S), your tax return must be submitted by March 15.
🔹 Need an extension? Your tax preparer can file one for you—but remember, an extension only delays the paperwork, not the payment!
🔹 If your LLC return is late, you risk IRS penalties and delayed personal tax filings (since your Schedule K-1 flows into your individual return).

Avoid last-minute stress! Get your tax documents in order today.

💡 Need help with tax prep? Contact us now!

Spring isn’t just for cleaning out closets—it’s also the perfect time to declutter your finances and create a smoother, more efficient money management system.

If your financial processes feel disorganized, outdated, or time-consuming, these four simple steps will help you streamline operations, improve cash flow, and stay ahead of potential issues:

✅ Simplify invoicing & payment collection to reduce late payments.
✅ Digitize receipts & important financial records to stay organized.
✅ Automate expense tracking & reporting for better efficiency.
✅ Implement a quarterly financial review system to prevent costly surprises.

A little financial spring cleaning now can save you hours of stress later.
💡 Read the full article here: https://prattandlefevre.com/declutter-your-finances/

DISCLAIMER: Pratt and LeFevre Corporation has several attorneys on retainer. Any information contained herein should not be considered legal advice. The above is only an explanation of instructions given to Pratt and LeFevre Corporation by our attorneys which we have been given permission to explain from a lay-person’s point of view only. Any clarification or questions must be answered directly by an appropriate attorney.