TAX PLANNING


The goal of tax planning is to arrange your financial affairs to minimize your tax liability for the year, identify opportunities and avoid costly tax mistakes.


Withholding and estimated payments:

IRS requires that you pay minimum amount of taxes to avoid penalties through withholding or estimated payments.

Planning for a Specific Event

This area is often neglected until it is too late to correct.  Whenever you need to make a big financial decision such as taking money from your retirement plan, selling assets at a large gain, or setting up a new business, it is a good idea to contact us first.  Some issues may only require a quick email, others a consulting session and more complicated questions could necessitate a tax projection (essentially a tax return using estimated numbers). More involved issues (such as moving in or out of the country or exercising stock options) may require a more comprehensive tax strategy.

Year End Tax Planning

Generally, either a consulting session and/or a tax projection would be needed for this task.  There are many things that can be done before the year end to change (sometimes dramatically) your tax liability for the current year.

To get started,

contact us with your specific issue.  We will let you know what information is needed to provide you with the optimum solution.