Tax Planning

Tax Planning is important to successfully and legally reduce your tax liability.  We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.  We carefully consider not only your Federal tax obligation, but also State, Local and County taxes.

We stay abreast of changes in tax legislation and make it a priority to understand the intracies and interconectedness of the complex tax code, and tax regulations.

Among our Tax Planning Strategies are these: 

• defer income so you can keep your money now and pay less taxes later.
   
• accelerate deductions for the same reasons.
   
• reduce estate taxes to transfer more wealth to your heirs.
   
• gift tax planning.
   
• 1031 tax-free exchanges of real estate, investments and business entities.

Some other ways to Reduce your Tax Burden:

• Splitting income among several family members or legal entities to have more income taxed at lower bracket rates.
   
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
   
• Using tax exempt investments such as municipal bonds.
   
• Incorporating tax deductions to pay for things you enjoy, such as a vacation home.

For additional tax planning tips check out Tax Strategies for Individuals.