Stage 3 | Conserve
Tax Services: You Earned It. Let’s Make Sure You Keep It
We do more than project tax liabilities—we help implement tax strategies throughout the year, so you’re never left scrambling in April.
When it comes to your finances you can DIY a lot, but advanced tax planning isn’t one we would recommend. The tax code is incredibly complex and constantly changing, do you really trust the random article you found on Google for answers?
Stop Overpaying on Taxes.
Tax Strategy & Implementation Under One Roof
After we get an idea of the intricacies of your situation, we’ll help come up with various strategies that may provide significant tax savings. Then instead of having to communicate what we did with your tax preparer, we take care of everything in house. No miscommunications, errors or missed opportunities.
You Might Be Wondering…
Retirees: What’s the best withdrawal strategy across IRAs, 401ks, and brokerage accounts?
Pre-Retirees: Should I do Roth conversions before retirement?
Independence Seekers: How can I design my path to freedom while keeping taxes low?
Our Process
So What Does Our Tax Optimization Process Look Like?
Step One
Return Review
Analyze every line of your previous return to identify tax savings opportunities and potential mistakes that guide the planning efforts.
Step Two
Planning Strategies
Identify potential tax planning strategies and make running projections to determine what makes the most sense for you.
Step Three
Strategy Implementation
Put the plan into action by filing the necessary forms and effecting transactions once the strategy has been determined.
Step Four
Filing
File the necessary forms with the relevant tax authorities for you based on all actions taken throughout the year.
Areas of Focus May Include Any or All of These Topics…
Retirement Plans
Solo 401k vs SEP IRA, implementing a plan for your business, Roth IRA conversions, plan contribution planning.
Investment Taxes
Tax-loss harvesting, tactical asset disposition and asset location planning, tax lot selection, analysis and calculations
Income Shifting
Backdoor Roth IRA conversions, capital gain timing, 1031 exchanges, installment sales to minimize tax due.
Expense Shifting
Deduction bunching, home offices, HSA/FSA, dependent care and medical care reimbursement, pre-tax health plans.
Business Deductions
Qualified Business Income deduction and optimization strategies, bonus depreciation, startup costs.
Equity Comp Planning
Creating an exit strategy, guidance on tax timing, Alternative Minimum Tax thresholds, option exercise, RSU dispositions and tactics.
Credits & Giving
Utilizing Donor Advised Funds (DAF), tax efficient giving, Qualified Charitable Distributions, family and residence tax credits.
Estimated Tax
Monthly and quarterly Estimated Tax calculations and payment strategies, meeting safe harbor thresholds, etc.
Entity Selection
Determining the most tax efficient entity for your business and guidance on reasonable compensation for an S-Corp.
We offer comprehensive tax planning and tax preparation services solely for our Wealth Management clients. We do not offer tax services to the general public or as a standalone offering. If you require tax or legal services, we recommend Jeppson Law or Buchanan Law Group
What is Tax Planning?
And how is that different than preparing my taxes?
Tax Planning: The proactive process of analyzing your financial situation to minimize your current and future tax liability through strategic decisions.
Tax Preparation: Accurately filing your tax return based on what has already happened.
Tax planning looks ahead to identify opportunities to reduce taxes over time. It involves understanding how different income sources, deductions, credits, and investment decisions impact your tax picture and using that knowledge to make informed choices throughout the year.
Common examples of tax planning include timing income and deductions, maximizing contributions to retirement accounts, harvesting investment losses to offset gains, Roth conversions, utilizing tax-efficient investment strategies, managing equity compensation events, and structuring business income to take advantage of deductions and credits.
Effective tax planning requires an integrated understanding of your financial goals, income sources, and how tax laws apply to your unique situation.
Tax Planning Is a Game of Inches
Just $1 over certain thresholds can mean the difference between tax savings and a huge tax bill. Knowing the important numbers for the current tax year is a crucial place to start.
Does your financial plan utilize every strategy for your long-term success?
We provide a comprehensive framework to identify and prioritize what you are hoping to achieve in life, then craft a plan to efficiently allocate your resources to make it a reality. We provide ongoing support and check-ins throughout the year so you don’t have to go it alone.
Everyone has a Why. Let’s find yours.
Reach out for a no-pressure conversation.
