Strategic Tax Planning

Coming up with a tax plan is step one, but implementation of that tax plan is where the rubber meets the road. Whether it’s setting up a new entity, putting yourself on payroll, starting or changing retirement plans or buying a new asset, it takes time and effort in making sure all the “i”s are dotted and “t”s are crossed. Our firm partners with industry leaders in helping you implement your tax plan. “Changing the facts so you pay less tax”

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. 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. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. We take the time needed to make sure we know and understand your business. The main reason our firm focuses on tax planning for our clients is that paying less tax helps our clients grow and preserve wealth and enhance financial freedom. With the peace of mind the comes with strategic tax planning, you’ll be empowered to make the most of every opportunity in business as well as life! Discover the relationship with a tax expert that you have always wanted. Don’t hesitate – let’s start working together today to make your dreams a reality.

We are offering a complimentary 2nd opinion review of your prior year tax returns.

Some of the best tax saving strategies that we implement are:

  • income shifting among family members or legal entities in order to get more of the income taxed in lower tax brackets.
  • shifting income or expenses from one year to another in order to have them fall where it will have the most impact on tax reduction.
  • tax deferral measures attainable through investment options such as retirement plans utilizing certain investment choices to produce income that is tax exempt from either federal or state or both taxing authorities.
  • finding tax deductions by strategic planning for items paid for that are usually of personal benefit.

Bottom Line….we do not work for the IRS but instead work for you. Through careful tax planning and legitimate tax strategies, most clients find great value in our tax plans and also find that they more than pay for themselves.

Tax Compliance & Bookkeeping

If you just need help with tax preparation (compliance) & bookkeeping, we can help with that too. We’ve made great effort into coming up with a 3 option package with varying levels of service which include tax planning. The facts are that preparing your own income tax return can be a task that leaves you with more questions than answers. This is especially true due to today’s tax laws being so complicated that filing a relatively simple return can be very confusing. The last thing you want to do is miss valuable deductions and credits which you are entitled to.

Bronze Package – Streamlined (Compliance Focus)

  • includes annual income tax return preparation for both personal & business entities
  • includes both personal & business tax quarterly estimate compliance & assistance with online payments (if needed)
  • includes one year-end tax planning/strategy session which includes a tax projection, entity review, owner payroll allocations, retirement plan review, etc
  • includes assisting and helping to resolve Tax Notices (income tax related only) with IRS & state taxing authorities
  • includes monthly bookkeeping services via QuickBooks Online (QBO) – monthly financials will be provided
  • additional tax research/strategy/consulting is billed at $250/hr based on a “as needed basis”

Silver Package – Streamlined with a focus on Tax Strategy/Planning

  • Everything included in the Bronze package with the following addition:
    • instead of just one year-end planning session, the silver package includes quarterly tax planning/strategy sessions.

Gold Package – Premium & Comprehensive

  • Everything included in the Bronze package with the following additions:
    • unlimited tax planning/strategy sessions which include a tax projection, entity review, owner payroll allocations, retirement plan review, etc.
    • unlimited phone calls and/or emails regarding income tax related inquiries

Tax Controversy & Audit Support

Nobody enjoys opening up the mail to see a “love letter” from the IRS. In fact, it gets the blood pressure going and can keep you up at night. Without assistance from a qualified tax professional, it’s extremely difficult and time consuming to resolve them promptly and fairly. Most taxpayers are ill-equipped to deal with an IRS problem on their own. Let us handle the IRS and shield you from the drama. Our firm has handled multiple IRS audits and knows how to navigate the process. We have successfully resolved 100s of IRS and state taxing authority notices for our clients to give them peace of mind.

Being audited? Not sure what to do? No problem, we can communicate directly with the IRS on your behalf and will work quickly to negotiate a reasonable solution and/or payment plan. No matter what tax issues you are experiencing, we will intercede on your behalf and stop the harassing letters and phone calls while we work out a fair and reasonable resolution. We can get tax liens released, reduce or eliminate penalties, get you caught up by filing back taxes, and more.

Financial Planning

Our firm is passionate about helping our clients have peace of mind for retirement. The biggest issue for people entertaining the idea of retirement is “will I have enough funds saved up to live off until I pass away?” Let us help you tackle this dilemma head on with making those critical first steps to getting a plan started. We’ll take a comprehensive approach to financial planning making sure we cover every detail to tailor a plan that fits your life goals. We make sure the saying “when you fail to plan, you plan to fail” does not include our clients.

Having a CPA who is also capable of financial planning puts you at a leg up and here is why: most financial planners are not CPA’s, so they have to defer and separately engage with and consult with CPAs regarding the tax implications of financial planning. The fact of the matter is that taxes play a role in every aspect of financial planning; having a financial planner who is also a CPA who specializes in taxes means that the financial planning process for our clients is seamless and optimized.

A recent AICPA study gathered input from high-income and high-net-worth consumers on various personal financial planning topics. The study revealed that “personal financial planning” is the term those surveyed use to refer to tax, retirement, estate, risk management and investment planning.