Tax "What-IF" Planning Steps
#1 - Review Recent Tax Return
#3 - Figure out what to do with your tax savings!
#2 - Prepare "What-If" Scenarios
The only way to reduce what you pay in income taxes each year is to understand what was filed on your most recent tax return and then determine if there were any mistakes, oversights or missed opportunities.
Our tax review process will provide you with a clear understanding of what were the primary reasons behind the numbers which ultimately determined the amount you owed on your 2020 income tax bill.
#2 - Prepare "What-If" Scenarios
#3 - Figure out what to do with your tax savings!
#2 - Prepare "What-If" Scenarios
We will prepare a review of the different strategies and tactics which can be implemented that not only support your personal plans, including any income needs, estate planning, or business succession plans you may have, but that can also be used to reduce your annual income tax bill.
Are you needlessly overpaying on your annual income taxes? Let us help.
#3 - Figure out what to do with your tax savings!
#3 - Figure out what to do with your tax savings!
#3 - Figure out what to do with your tax savings!
Once you have implemented your chosen tax reduction strategies, you will have some choices as to what to do with the money you are saving each year.
The growth in your household net worth and annual income is directly impacted by your ability to realize appropriate tax advantages, but also by how this additional money is then saved, invested or spent.