Tax planning is a year-round process and is a separate service from tax preparation. Examples of tax planning include creating the proper business entity in order to maximize business deductions and credits, implementing retirement plan options and health benefits, and leasing a vehicle and several others.

Tax planning is something that most taxpayers do not take advantage of – but should – because it can help minimize their tax liability on next year’s tax return by planning ahead. While it may mean spending more time with a Tax professional, say quarterly or even monthly, the tax benefit is worth it.

By reviewing past returns a Tax professional will have a more clear picture of what can be done this year to save money on next year’s tax return.

If you’re ready to learn more about what strategies you can use to reduce your tax bill next year, help is just a phone call away.

Contact us today for more information!