Tax planning is the art of arranging your affairs in ways that delay or reduce taxes. By using effective tax planning strategies, you may have more money to save and invest, or more money to spend.
Put another way, tax planning means deferring and potentially avoiding taxes by taking advantage of beneficial tax-law provisions, increasing and accelerating tax deductions and tax credits, and generally making maximum use of all applicable breaks available under the Internal Revenue Code.
How are tax planning and financial planning connected?
Financial planning is the art of implementing strategies aimed at helping you reach your short- and long-term goals. That sounds simple. However, if the actual execution was simple, there would be a lot more rich folks.
Tax planning and financial planning are closely linked because taxes are such a large expense throughout life. If you become very successful, taxes will likely be your single biggest expense over the long haul, so having a strategy to minimize those expenses whenever possible is beneficial to your financial future.
Our Tax Planning services include:
- Regular review of your financial strategy as tax laws change
- Recommendations of tax savings, including potentially tax advantaged investments
- Development and oversight of tax-reduction strategies
- Annual consultation with your CPA/tax preparer
Get a Complimentary Tax Analysis. Book a Time to Meet with Us Below.
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