Strategic Tax Planning
Taxes are your largest single expense.
The tax code is a legal roadmap to lowering your taxes.
Our CPAs have studied the tax code to identify smart tax strategies to lower your income taxes, minimize estate and gift tax liabilities, and suggest new strategies to position you for the future.
High net worth individuals and families have traditionally faced two undesirable choices when it comes to saving on taxes.
On one hand, they know they are missing out on tax savings because they work with a firm that is only focused on tax preparation and puts no focus on tax strategy (sound familiar?).
On the other hand, they have been bombarded by promoters who push offshore tax havens and other dubious claims that will put them in the IRS’s crosshairs.
The smart decision was to keep paying high taxes. It’s better than ending up in tax court or worse.
But we offer a third alternative…
A tax strategy process that matches the facts of your situation to the US Tax Code to identify all the legal tax strategies for which you qualify.
There are over 75,000 pages in the tax code, Treasury Department Rulings and IRS tax court.
Only about 15% of this is about paying taxes.
85% of the tax code is a legal road map to pay lower taxes.
These are the same strategies the wealthy and high net worth individuals have been enjoying for decades.
Discovery Meeting To Learn About Your Personal and families Finances
Match your situation to the strategies in the tax code
Perform a Cost Benefit Analysis to identify high value strategies
Review Findings With You And select tax strategies
Implement Your Strategies
Taxes impact almost every financial decision, from earned income, to investments to the legacy you leave for future generations.
For high income earners and those who have amassed high levels of net worth, tax planning should be part of tax preparation, income planning long term planning to include:
We believe that tax planning services is integrated into all aspects of wealth management.
We start by exploring your income sources, how you make money and how it is taxed. We then design tailored strategies to coordinate with your overall investment and portfolio management approach.
These strategies can include charitable giving coordination, tax-loss harvesting and future wealth transfer planning.
By integrating tax considerations into your financial plan, we help ensure your wealth serves not only you but also future generations.
Tax laws are complicated and constantly changing. That’s why every decision we make on your behalf takes into consideration any potential tax implications.
We integrate custom tax guidance with your overall wealth management and financial planning strategies to help ensure all aspects of your financial life work together to make the most of your wealth.
Donor Advised Funds, qualified charitable distributions and gifting of appreciated stock are time tested strategies to lower your tax bill and maximize your charitable impact.
Academic research has shown that tax-loss harvesting can add as much as 1% to annual returns when deployed proactively throughout the year.1
Strategically adjusting the types of accounts in which your portfolio invested can align your investments to the most tax-efficient accounts and help to lower your overall tax bill.
1 Source: Shomesh E. Chaudhuri, Terence C. Burnham & Andrew W. Lo, “An Empirical Evaluation of Tax-Loss Harvesting Alpha.” Read our full analysis: Is Tax Loss Harvesting Worth It?
Our mission is to improve the lives of our clients and their families by providing objective financial advice and exceptional service. Let us show you how.
