Symmetry Advisory Solutions, Dayton OH
Teresa Fox, CPA.CITP from Symmetry Advisory Solutions

Teresa Fox, CPA.CITP

Symmetry Advisory Solutions

About Us

Certified Public Accountants | Trusted Business Advisors
Symmetry Advisory Solutions is a virtual CPA firm providing accounting and advisory services.

Recommendations Given (2)
"Pooja is fantastic to work with! She has helped me customize client gifts and surpassed my..." Read more "Pooja is fantastic to work with! She has helped me customize client gifts and surpassed my expectations for a large client event. All my clients raved about the gift bags and hand-made chocolates. If you need customer or client gifts, look no further than Gifts Arranged! Teresa M. Fox"
Recent Activity

Teresa from Symmetry Advisory Solutions Answered this on May 18, 2017
Hi, Andrew- You've had some very good responses already, so I'll just chime in briefly. When you have employees payroll taxes are what they are. You can't control the payroll tax per se. The control you have is over the amount of hours your employees work, your hourly pay for them and efficiency... (more) Hi, Andrew- You've had some very good responses already, so I'll just chime in briefly. When you have employees payroll taxes are what they are. You can't control the payroll tax per se. The control you have is over the amount of hours your employees work, your hourly pay for them and efficiency of your employees. Also, you want to consider your fees/rates that you charge your customers. If you find that your profit margins are too low, you will want to consider both factors: labor efficiency and customer fees. Good luck!

Teresa from Symmetry Advisory Solutions Answered this on May 11, 2017
Hi, Lane. It looks like you already have some great advice to consider. You're already on the right path because you know there are consequences, pros and cons to consider regarding the legal structure of your business. We specialize in working with small businesses and this is a common question.... (more) Hi, Lane. It looks like you already have some great advice to consider. You're already on the right path because you know there are consequences, pros and cons to consider regarding the legal structure of your business. We specialize in working with small businesses and this is a common question. I highly recommend working with a CPA and an attorney to tailor the best solution for your situation. I am not familiar with Canada's rules, but would assume there are similarities between yours and those in the US. As others have previously mentioned, choosing to incorporate may reduce your tax liability, provide protections for your net assets and offer you more options regarding paying yourself. Good luck! Teresa Fox