Tax Advising and Planning
Many taxpayers pay too much tax because they don’t understand how the tax laws work. Our firm specializes in recommending tax reduction strategies that take advantage of current tax-savings opportunities. These legal tax strategies will help minimize the tax liability, avoid potential surprises at tax time, and help clients to reach their financial goals.
For small business owners, tax planning strategies includes choosing the best form of business entity, deferring income and expenses from one year to another year, reviewing overlooked expense deductions, taking advantage of pretax deductions, and more.
For individuals, tax planning includes recognizing in advance the events that will change their personal tax situation. Examples include a change in marital status, the inability to claim a dependent, an increase in wage or business income, a distribution from a retirement plan, an inheritance, a sale of property, and the sale of securities that have been owned for a long time.
Successfully navigating the tax law requires more than annual tax return preparation. By meeting with our tax clients regularly throughout the entire year, we are better able to understand their needs and offer proactive tax reduction strategies to meet their financial goals.
To learn more about our tax advising and tax planning services, call our office today at (727) 391-7373.