What is Tax Planning and how can it help me?

Tax Planning is the work of projecting your coming tax bill.

If you ask us how much a future tax bill is going to be, you need Tax Planning.

Tax Planning is also the work of taking proactive steps to reduce coming tax bills.
This is why this service pays for itself hundreds of times over in Tax Savings.
This service completely eliminates surprise tax bills and puts you in control of how much you pay, postpone, or eliminate.

When you add-on Tax Planning service, we will gather your personal financial information and provide the following 3 deliverables:

1- Every month you will receive a tax projection report make sure to view your tax projection emails and you will never have a surprise tax bill again. These projections are updated every month with your business financial information.

2- Each May we will do large tax projection updates with your most recent personal financial information; we will ask for your recently filed personal tax returns every year.

 

3- Every fall we will host an annual Tax Planning Meeting and do major tax projection updates together we will review all of your current personal financial information, we will talk through custom tax reduction strategies, and we will enter this information into our tax planning software to perform major tax projection updates.  

Owner Emails will let you know when its time to schedule; meetings & major fall updates END every year on Nov 30.

Some tax strategies are extremely easy to implement, some are much harder. Most fall somewhere in the middle. Our team walks you step by step through selecting the best strategies for your tax situation.

We teach you very proactive, available to all, legal tax strategies that can be used to reduce or postpone taxes.

Our Tax Planning service pricing is published on our website here
You may request on-demand Tax Planning meetings (in addition to the included Fall meeting) through-out the year for an additional Fee.

 

See also Can you explain how payroll taxes work?
See also What is Self Employment Tax?
See also What is an S-Corporation? Why does it lower my taxes?