Tax Planning

Thoughtful tax planning throughout the year can assist you in minimizing the taxes you pay – as well as help you achieve your financial goals. Tax planning should not be done in isolation, but instead should be driven by your overall financial goals and integrated with your total financial plan. By developing and implementing appropriate strategies to lessen or shift current and future tax liabilities, you can improve your prospects of meeting long and short-term objectives.

Tax planning will allow you to understand the ever-changing tax laws and how you may take advantage of them.
Tax planning is not limited to individual tax planning. If you own a business, we can help you estimate your tax liability. We also assist in tax planning for:

  • Compensation and Retirement Planning
  • Pension and Profit Sharing Planning
  • Analysis and Evaluation of the Tax Effect of Investments
  • Estate Planning
  • Gift Tax Planning

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

  •  Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.