Are You Paying Too Much in Taxes???

 

We offer comprehensive, strategic, PROACTIVE Tax Planning.

Tax planning is the process of analyzing an individual’s or a business’s financial situation to minimize tax liabilities and maximize tax efficiency. It involves strategizing to take advantage of tax deductions, credits, exemptions, and other tax benefits available under the law. The goal of tax planning is to ensure that taxpayers pay the least amount of tax legally possible while complying with tax regulations.

During your Inital Assessment, we will review your most recent three Individual (and Business, if applicable) Tax Returns to find opportunities to reduce your taxes in the current Tax Year (some actions may even reduce your taxes/increase your refund for an open/just-filed Tax Return).  Our process includes reviewing your goals and cash flow requirements, assessing your available cash to make tax-shifting investments, and determining your tolerance for the time frame needed to realize optimal tax savings.  Initial Assessments are fixed-price (charged once) and dependent on the complexity of your financial scenario.

We work strictly within the existing Tax Laws while also keeping an eye out for proposed Tax Law changes.  We ONLY make suggestions that are LEGAL and ETHICAL and which should not–if followed correctly–result in a reversal by Tax Authorities.  We cannot guarantee that you will never be audited, but implementing these strategies — working with one of our vetted Partners — will be done in a manner that withstands review.

An Annual Tax Savings Implementation Package includes your Individual and Entity/Business Income Tax Returns, including extensions (if needed).  Packages for those with Incorporated Businesses include an Annual Reasonable Compensation Analysis, an Annual Retirement Plan Optimization, and possible add-ons such as Entity Formation, Registered Agents, and State Annual Reporting.  We also offer “Family Office” packages that include applicable Returns for children ages 26 or younger. Annual Tax Savings Implementation Packages are priced based on the complexity and extent of the Strategies that you choose to implement. These INCLUDE annual check-ups and are generally paid once per year, although payment plans may be available.

We do not sell financial products as part of our fees, nor are we Financial or Retirement Planners.  We highly recommend that you have one or both of these on your team, depending on how close you are to retirement.  Our strategies may require follow-up with one of your other advisors, and we are happy to provide referrals tailored to your specific circumstances and needs.

 

Who is this for?

Obviously, EVERYONE wants to save on taxes, but our Tax Planning services may not be right for everyone.

  • Are your TOTAL Taxes (not necessarily the Balance Due) on your 1040 Greater Than $50,000?
  • Are You Self-Employed and your NET Business Income (on Schedule C) regularly exceed $125,000?
  • If you have an S Corporation:
    • Do you have TAXABLE Net Income (not including wages) of over $75,000?
    • Are you taking far more in Distributions than you are paying yourself in wages?
    • Are you NOT contributing to a Retirement Plan?

If you meet one or more of the above, please fill out the form below to see if you are a good candidate to work with me.