Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax-saving strategies to maximize your after-tax income.
We make it a priority to improve our mastery of current tax law, the complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the least amount of tax allowed by law because we continually look for ways to minimize their taxes throughout the year, not just at the end of the year. that’s why they are:
5 tax saving strategies we implement.
1. Divide income among several family members or legal entities in order to get most of the income taxed in the lowest bracket.
2. Shifting income or expenses from one year to another so that they fall in the place where they will be taxed at a lower rate.
3. Defer tax liabilities through certain investment options, such as pension plans, contributions and other similar plans.
4. Using certain investments to produce income that is exempt from taxation by federal or state taxing entities, or both.
5. Finding tax deductions by structuring your money to pay for things you like, such as a vacation home.
All of this in order to defer income so you can keep your money now and pay less taxes later. In addition, reduce your income taxes so you can keep more of what you earn and also reduce your estate taxes so your family keeps more of what you have earned.