Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Our business and individual clients pay the lowest amount of tax allowable by law because we continually look for ways to minimize their taxes throughout the year, not just at the end of the year. Here are a few of the tax saving strategies we use:
- Splitting income among several family members or legal entities in order to get more of the income taxed at a lower tax bracket.
- Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
- Deferring tax liabilities through certain investment choices such as pension plans.
- Using certain investments to produce income that is not taxable for federal or state tax purposes.
- Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Remember, we work for you not for the IRS. Our clients often save many times our fee in reduced tax liability through careful tax planning and legitimate tax strategies.