Expert Tax Planning

Tax planning is not tax preparation.

While both tax planning and tax preparation are related to taxes, they are different in terms of their objectives, methods, and outcomes. With over 72,000 pages encompassing the tax code, there are many avenues to address planning.

We are all familiar with tax preparation, the process of preparing and filing your tax return to ensure compliance with tax laws and regulations.

Tax planning is the process of analyzing your financial situation, understanding your ultimate objective, and implementing programs which minimize your tax liability by taking advantage of available tax deductions, credits, and exemptions. The goal of tax planning is to strategically manage your finances to legally reduce your tax bill. Tax planning is a proactive approach that requires careful analysis and planning to ensure that you pay the least amount of tax possible.

As tax laws become more complex, it’s never been more important to have a solid tax planning strategy. Our team of experts can help you navigate the complexities of the tax code and minimize your tax liabilities.

We believe in three levels of tax planning and implementation of advanced strategies:

Current Year Tax Planning
Oftentimes more reactive than proactive, the strategies address income and capital gain tax liabilities in the current year. We focus on mitigation and deferral strategies taxes due in the current filing period to minimize the impact of taxes in the current filing period.

Proactive, Comprehensive Planning
A deeper dive into your situation and goals, we identify possible legal structures and other strategies that provide asset protection efficiently and effectively mitigate current and long-term tax consequences.

Wealth Structuring, Planning, and Leveraging
Here is where we build upon the direction, and often the decisions of the previous two areas. By utilizing effective techniques and strategies, it is possible to increase and safeguard personal and business wealth in harmony with your lifestyle requirements, while also remaining aligned with your objectives.

By working with our team, which includes specialists in tax planning, individuals and businesses can implement these strategies to reduce their tax liabilities and improve their financial success.