Tax Planning

Good tax planning is more than just tax compliance. Let us advise you on tax-saving strategies to maximize your after-tax income:

• Defer income so you can use your money now and pay taxes later.
• Evaluate your withholding so you can increase your take-home pay.
• Reduce taxes on your estate so can bequeath more to your family.
• Reduce taxes on money you gift to others.
• Grow your wealth by reducing taxes on your investments.
• Reduce taxes on your retirement distributions so you have more to enjoy during retirement.

Here are just a few examples of tax saving strategies:

• Splitting income among several family members or legal entities to benefit from lower tax brackets.
• Shifting income or expenses to a more advantageous tax year.
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and similar plans.
• Using certain investments to produce income that is exempt from federal or state taxes, or both.
• Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Smart tax planning and strategizing can pay for themselves. Contact our office today to learn more about our Tax Planning Service.