Date of Conferral
5-5-2025
Date of Award
May 2025
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
William Stokes
Abstract
The absence of business tax planning strategies can lead to a higher tax burden. Business owners are concerned because a higher tax burden may result in lower after-tax earnings and reduced cash flow. Grounded in the PESTLE analysis framework, the purpose of this qualitative pragmatic inquiry study was to explore successful strategies that business leaders use to balance tax planning with profitability. The participants were eight small business owners located in the southwest United States who actively engaged in tax planning. Data were collected using semistructured interviews and a review of publicly available documents. Through thematic analysis, nine themes were identified including (a) relying on professional advisors for straightforward deductions and compliance, (b) regularly reviewing financial data, (c) staying updated on tax obligations, (d) adapting to tax law changes, (e) subcontracting for tax savings, (f) maintaining accurate financial records, (g) reinvesting profits into the business, (h) risk management, and (i) conflict resolution. A key recommendation is for business leaders to consult with legal and tax experts before the beginning of each fiscal year to ensure that their chosen entity structure aligns with both their short-term and long-term growth strategies. The implication for positive social change includes the potential for business leaders to prioritize legal and ethical tax compliance over wealth maximization, ensuring fair contributions to public resources such as education, healthcare, and infrastructure, which enhances the overall welfare of communities.
Recommended Citation
Patterson, Quarnelia, "Successful Strategies Utilized by Business Leaders to Balance Tax Planning With Profitability" (2025). Walden Dissertations and Doctoral Studies. 17701.
https://scholarworks.waldenu.edu/dissertations/17701
