Did you know that you have choices when it comes to taxes? Effective tax management has far-reaching impact. Decisions you make today with regard to your tax situation, like choosing pre-tax contributions to your retirement plan or post-tax Roth contributions to your retirement plan, will impact your financial health many years into the future. Don’t leave your tax situation un-managed. You may be leaving significant opportunity behind.
Your financial life is managed best when all of the various elements are pulled together and viewed as a whole. After all, a decision made in one area may have an impact on other aspects of your financial picture. Consequences of actions that haven’t been carefully considered are often reflected in your personal tax situation. As part of our comprehensive approach to financial planning, we offer tax preparation and tax planning services.
The terms tax planning and tax preparation are often used interchangeably, even though they are quite different. Tax preparation is generally reactive, as it focuses on the impact of actions that occurred in the prior year. In contrast, tax planning requires a proactive approach and takes a long-term, forward-looking view in an effort to uncover strategies and opportunities that can influence future tax liabilities. You will achieve the best results when proactive tax planning is a well-managed part of your financial planning process.
- 1040 tax returns (1040 long form)
- Amended tax returns
- Multiple state income tax filings
- Partial-year resident filings
- Rental property depreciation
- FBAR filing (Foreign Bank Account Report)
- Small business tax planning
- Sole proprietor returns
- International tax issues
- Tax planning for charitable donations
