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Tax Planning and Preparation

You generally don’t have a choice about paying taxes, but you can avoid making the mistake of overpaying them. While it’s hard to imagine anyone intentionally paying too much in taxes, the IRS estimates that more than one billion dollars is overpaid in taxes each year. That’s no surprise when tax laws change every year—even in years when no major tax legislation is enacted.

How much of that money is yours? Wouldn’t you rather see those funds in your bank account or put aside for your retirement or other financial goals?

We are dedicated to saving our clients money with our income tax planning and preparation and will identify the tax-saving approaches that apply to your situation.  With our Comprehensive Financial Planning approach we work with you throughout the year, not just when it’s time to prepare your return.  We coordinate your investments, retirement plan, estate plan as well as your insurance and education plan with your tax plan. Coordinating all aspects of financial planning is the key and this becomes more important as you grow closer to retirement. 

Do you want to find out how you can reduce your tax burden? You might be able to save on taxes by:

  • Restructuring your investment portfolio to produce a higher after-tax return;
  • Shifting income to years when you will be in a lower tax bracket
  • Claiming appropriate home-office deductions
  • Maximizing qualified plan and IRA contributions 
  • Identifying all the deductions that apply to your small business

If you’re like most people, your taxes represent one of your largest annual expenses, yet often little or no planning is done to minimize your tax bill. Careful tax preparation and planning can free up money that you can use to achieve your goals. We will help you aggressively pursue every deduction you are lawfully entitled to.  

We only prepare returns for our current clients or clients who also sign up for tax planning. This allows us to have a necessary educational relationship that helps all understand that taxes are important and are not just an action step to be completed by April 15th.  

If you would like a consultation on how we can help, refer to the Our Process page or Contact Us page.