Tax Planning Services for Businesses Using Xero

Already using Xero? Now let’s use it to lower your tax bill.

Your Xero dashboard shows where your money’s going. But to reduce what you owe in taxes, you need a strategy—not just reports. That’s where Straight Talk CPAs comes in.


We use the real-time numbers already living in your Xero account to plan smarter, catch savings opportunities, and help you make decisions that shrink your tax liability before the year is over.


Because tax season isn’t the time to plan. It’s the time to benefit from the planning you already did.

Most Businesses Overpay—Because No One Is Planning

If your accountant only talks to you in March, you’re leaving money on the table. Our Xero-connected tax planning services help:

  • Minimize surprises at year-end
  • Identify deductions before they expire
  • Time purchases, payroll, and investments strategically
  • Adjust compensation and distributions to reduce liability
  • Stay ahead of IRS compliance and state-level issues

No guesses. Just smart moves made with real numbers.

What’s Included in Xero Tax Planning Services

Mid-Year & Year-End Strategy Sessions
We meet during the year—not after it—using your actual Xero financials to build your tax-saving roadmap.


Entity & Structure Optimization
LLC, S-Corp, partnership? We help you choose and maintain the best setup to reduce your tax burden.


Deduction & Expense Strategy
We analyze your Xero data to identify missed deductions, reclassify expenses, and maximize legitimate write-offs.


Owner Compensation & Payroll Planning
W-2 salary? Distributions? Bonuses? We help you balance it all for both tax savings and IRS compliance.


Depreciation Timing & Asset Planning
We advise on when to purchase or depreciate assets using Section 179 or bonus depreciation rules that benefit your business.



Quarterly Estimates & Projections
No more guesswork. We calculate what you owe—and when—based on your actual earnings and tax position in Xero.

  • Businesses using Xero that want to pay less in taxes
  • Founders tired of big April surprises
  • Companies scaling and needing strategic support
  • Owners ready to take control of their cash flow and compensation
  • Anyone who suspects they’re overpaying and wants to stop

Who It’s For

A Real Tax Planning Win

Client Type: Professional services firm with variable income


Their Problem:
They waited until tax season to look at their numbers—resulting in surprise tax bills and missed deductions year after year.


What We Did:

  • Met mid-year to review YTD numbers in Xero
  • Restructured salary and owner draws
  • Identified $14,000 in missed deductions
  • Built quarterly estimates and automated tax savings

The Result:
The client paid less in taxes, had no surprises, and used their savings to reinvest in marketing and new hires.

FAQs

  • How is tax planning different from tax prep?

    Tax prep happens after the year ends. Tax planning happens during the year to reduce what you owe before the deadline arrives.

  • Do you use my actual Xero data to plan?

    Yes. We pull real-time numbers from Xero to ensure projections and strategies reflect your current business position.

  • What if I’ve never done tax planning before?

    That’s common—and we’ll walk you through everything. Most clients see significant savings in their first year of planning.

  • Do I need to use your bookkeeping services to do tax planning?

    No, but your books must be accurate. If they’re not, we’ll clean them up or work with your current bookkeeper.

  • Can you help with S-Corp election and owner compensation?

    Yes. We guide clients through tax elections and help structure payroll and distributions to minimize taxes.


  • Will you help calculate quarterly estimated payments?

    Absolutely. We provide updated projections and payment reminders based on your earnings in Xero.