Tax Planning and Preparation
Every financial decision, at its core, is a tax decision
Taxes are more than a once-a-year event. They are one of life’s most complicated and largest expenses, but most wealth advisors don’t give taxes the attention they deserve. We firmly believe that every financial decision, at its core, is a tax decision.
By leveraging our financial and tax professional experience, we have the ability to better understand and plan for tax implications and how they affect our clients.
We believe this provides you with a pro-active approach to ensure you are aware and have the opportunity to plan for and implement legal tax reduction strategies.
Individuals
We work with individuals and families to ensure they are taking advantage of the appropriate tax reduction strategies.
Single Member Entities and Small Business Owners
Investment and Rental Properties
Executive Compensation
Restricted Stock Options (RSU)
Employee Stock Purchase Plan (ESPP)
Estate Tax Planning and Wealth Transfer Strategies
Business Owners
Businesses need proper planning and the details looked after. This goes hand in hand with our abilities as planners and preparers. We love the research, education, and implementation of complex tax planning strategies including.
- Knowledge of differences in Entity type (Corp, S Corp, LLC, LP, Partnership, Sole Proprietor)
- Retirement planning and employee benefit planning (401k)
- Proper reporting and expense strategy (payroll, auto usage, and healthcare)
- Payroll efficiency (360-degree integration with 401k)
- Owner compensation strategy to maximize Sec. 199a
Trustees & Fiduciaries
As a Trustee and Fiduciary, you have a dual responsibility to both the grantor of the trust and the trust beneficiaries. This can be a challenging tightrope to walk but we are here to help you do it. From K-1 generation for beneficiaries to Estimated Tax planning for the coming year, we have experienced trust tax professionals.
- Form 1041 and Schedule K-1 preparation and planning
- Gift tax returns and Gift tax planning
- Generation Skipping tax issues
- Estate Tax concerns and Form 706 filings
Reason Financial and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation
We provide tax planning and preparation services in order to pursue the following objectives:
Tax Optimization
The art of paying the “just right” amount of taxes, no more and no less. Through careful examination of your circumstances, we will craft a plan which aims to maximize your deductions and and minimize your liabilities getting you to that “just right” amount where you are paying exactly and only what you should be paying.
Tax Efficient Investment Planning
As financial and tax advisers we firmly believe every financial decision made is also a tax decision. Without a customized plan aimed at reducing their annual tax bill, the average investor gives up unnecessary returns. Our tax-smart investing approach is dedicated to helping you keep more of what you have worked so hard for.
Clarity and Confidence
There are very few events which can cause as much anxiety as ensuring you are compliant with the tax code. Your plan should minimize audit exposure by being as complete and accurate while utilizing all available legal tax reduction strategies.