Our firm offers annual tax planning as part of our comprehensive financial planning service. While often overlooked, robust tax planning is one of the most valuable pieces of a complete financial plan, and we are excited to offer it to our clients.
What is Tax Planning?
Tax planning refers to our review of your tax return to identify potential planning opportunities – both now and in the future – to keep your lifetime tax liability as low as possible.
Why is Tax Planning Important?
Taxes touch every part of your financial life. Your tax return is a financial fingerprint: It’s completely unique to you, complete with valuable clues and information, all of which is buried in dozens of pages and hundreds of numbers. Understanding your return equips us to have more valuable and actionable conversations with you.
Who is Tax Planning For?
Everyone! Regardless of your income sources or filing status, nearly anyone who pays income taxes can benefit from having a professional review of their tax return to identify relevant planning opportunities.
What Kind of Opportunities Might Be Identified?
We will evaluate topics like:
- Tax efficient retirement vehicles.
- Charitable giving strategies.
- Realizing capital gains.
- Roth IRA conversions.
- Tax credit eligibility.
- And more!
We can run projections to see how potential changes may impact your upcoming tax liability.
What We Need From You
So, whether you filed in April or have an extension, upon completion of your returns, please contact your advisor to arrange a time to review your tax returns together. We can provide you directions to accessing your secured portal, which is where you can safely upload your documents (please remember not to email your tax returns directly).
Should you wish to connect with a financial advisor, we welcome you to schedule a complimentary consultation with our team. Once your financial needs are understood, we would be happy to help you.