Tax Planning
Individual Tax Planning
Individuals have options with regards to tax planning and we work with you to maximize the possibilities. We can assist you with:
- Estimated income taxes for federal and state taxes - Avoid penalties for underestimated taxes.
- Retirement plan alternatives.
- Withholding analysis.
Business Tax Planning
Tax planning is critical for business owners. We work with you to:
- Identify your estimated current tax situation for the year.
- Analyze opportunities available to reduce your taxes for the year. These include current tax law changes, retirement plan analysis, estimated income tax payments, additional deductions you may have overlooked, tax reduction and asset protection strategies.
- Analyze your accounting records for the period. Notify you of necessary adjustments to correct your records. A misposting in your accounting records can greatly effect your correct net income!
- Identify the dollar amount of your tax savings and assist you in implementing any necessary changes.
- The business tax plan and analysis flows with the individual tax planning. These are prepared simultaneously for business owners with flow-through entities (S Corporation and partnership taxation).
