Tax Planning

Are you one of the many individuals or business owners who overpay in taxes?  As an individual you have many questions related to how to properly plan for retirement, how to maximize your wealth, how to accelerate your business performance and how to lower your taxes. As CPAs, we know tax like the back of our hand. We implement conceptual tax and financial planning strategies to lawfully minimization of tax payables of our clients.  The practice of tax minimization is the process of ensuring that all available tax deductions, tax credits, business structure planning and timing of financial transactions are properly planned and executed.

​

Tax planning is the process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability.

​

Many small business owners ignore tax planning. They don’t even think about their taxes until it’s time to meet with their accountants, but tax planning is an ongoing process and good tax advice is a valuable commodity. It is to your benefit to review your income and expenses monthly and meet with your CPA or tax advisor quarterly to analyze how you can take full advantage of the provisions, credits and deductions that are legally available to you.

​

Tax Planning Strategies

​

Countless tax planning strategies are available to small business owners. Some are aimed at the owner’s individual tax situation and some at the business itself, but regardless of how simple or how complex a tax strategy is, it will be based on structuring the strategy to accomplish one or more of these often overlapping goals:

• Reducing the amount of taxable income

• Lowering your tax rate

• Controlling the time when the tax must be paid

• Claiming any available tax credits

• Controlling the effects of the Alternative Minimum Tax

• Avoiding the most common tax planning mistakes

 

Our tax minimization services include:

• Corporate and personal tax filing

• Income tax planning

• Business structural planning

• Income splitting

• Estate planning & tax filing

• Asset protection and management

• Financial transactional planning

• Shareholder compensation

• Financial retirement

• Wealth management