Start Planning Your Financial Future Today!
Many people feel like their tax bill is too high. Maybe you do too. The good news is that it doesn’t have to be. When you work with us, we make your financial success a priority.
With our effective tax planning strategies, we will help you maximize your after-tax wealth while achieving your non-tax goals. There are three basic tax planning strategies that represent the building blocks of any tax planning:
- Timing – when to defer taxable income and/or taxes due? When/how to accelerate tax deductions to reduce your taxable income?
- Income shifting – How shifting income from high- to low-tax-rate taxpayers and/or entity can help you? What are the differences in tax rates across taxpayers, entities, and jurisdictions?
- Conversion – How to convert income from high- to low-tax-rate activities? What are the underlying differences in tax treatment across various types of income, expenses, and activities? How to plan for conversion limitations such as; depreciation recapture and the luxury auto depreciation rules?
If Financial Success Is Your Goal, We Are Here to Help! We will help you explore all these strategies and apply what works best for you. There is more to preparing your taxes than simply filling out forms at tax time. It’s also about understanding your needs and helping you plan for a secure future.
Here’s how it’s done:
- We complete a full analysis of your tax situation and make sure you take every tax credit and deduction you deserve on your tax return.
- We help you set up a Record-keeping system that meets IRS requirements by providing you with FREE templates as well as ongoing support.
- We work with you all year long–not just at tax time to develop tax planning strategies that lower your tax bill.
- We review and adjust your paycheck withholding so that it accurately reflects your tax situation and lets you keep more of your money (why give the IRS a free loan?).
- We help you understand how to defer tax liabilities through pension plans, retirement contributions, and similar plans.
- We make sure you take advantage of certain investments to produce tax-exempt income (federal or state or both).
For more information, or if you need a customized quote for your personal and/or business tax planning needs, please Contact Us.