You don’t have a choice about paying taxes, but you can avoid making the mistake of overpaying them. While it’s hard to imagine anyone intentionally paying too much in taxes, the IRS estimates that more than one billion dollars is overpaid in taxes each year. That’s no surprise when tax laws change every year - even in years when no major tax legislation is enacted.
How much of that money is yours? Wouldn’t you rather see those funds in your bank account or put aside for your retirement or other financial goals?
Do you want to reduce your tax burden? Do you want to increase your assets? We can help!
We optimize tax efficiency when choosing investments for short and long term planning and avoid tax land mines. For example, capital gains tax is 0% when staying in the lowest tax bracket. Understanding what types of accounts should hold which investments should be the starting point to building any portfolio. We work with you throughout the year, not just when it’s time to prepare your return.
Do you want to find out how you can reduce your tax burden?
You might be able to save on taxes by:
- Restructuring your investment portfolio to produce a higher after-tax return
- Accelerating or deferring income to maximize use of zero or low tax brackets
- Maximizing qualified plan and IRA contributions
- Identifying all the deductions that apply to you or your small business
If you’re like most people, your taxes represent one of your largest annual expenses, yet often little or no planning is done to minimize your tax bill. Careful tax preparation and planning can free up money that you can use to achieve your goals.
Would you worry less if you had more money to save toward your goals? Discover how much more money you could be keeping for yourself and your future. Contact us today for a no-cost review of your prior three years’ tax returns.