Tax Planning

Consistent, proactive tax planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and recommend tax saving strategies to maximize your after-tax income.  We are a planning oriented firm and are dedicated to positively impacting the tax characteristics of our clients.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars and courses.  We are required to enroll in an average of 40 hours per year of continuing professional education and meet this requirement with high-quality coursework.

We recommend Tax Saving Strategies that help you…

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you’ve made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

Here’s just a few of the Tax Saving Strategies we use…

  • Splitting income among several family members or legal entities in order to spread more of the income lower brackets.
  • Shifting income or expenses from one year to another to maximize their tax effect.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions, and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Tax Preparation

Like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing.  Preparing your own income tax return can leave you with more questions than answers.  It is simply too easy to overlook deductions and credits which you are entitled.  Even the use of a computer program for tax preparation is no substitute for the assistance of a experienced CPA.

Advantages to using a CPA to prepare your income taxes includes:

  • Faster refunds: Your tax return will be filed electronically to generate faster refunds and eliminate the hassles of a paper return.
  • Lower tax liability:  We will ask the appropriate questions to interpret the tax laws so that you pay the appropriate amount of tax.  We will point out planning opportunities that lower your tax liability.  Effective planning can impact your taxes.
  • Professional preparation:  Your taxes will be prepared by a CPA who is knowledgeable in the tax laws so that your preparation is done in order to eliminate math and matching errors that generate IRS notices.