Tax Planning

There are several reasons for developing a tax planning strategy. My tax planning services will be charged at an hourly rate of $250/hour with a minimum of 3 hours. This will include up to two 30-minute meetings, preparation time and 1-2 tax scenarios. You will receive an actionable plan to implement on your own. If you would like implementation assistance, it can be added at my normal hourly rate. 

Depending on the amount of complication you may have, more hours may be required than the minimum of 3 hours. This will be communicated to you during your Introductory Call. 

 

Purposive Tax Planning is strategically structuring your financial affairs in ways that lower your overall tax burden. Such as taking advantage of all tax credits and deductions available. 

 

Short Term Tax Planning is looking at end of year steps for- 

• Small business expenses and QBI deduction 

• RMD (Required Minimum Distributions) 

• Tax loss harvesting 

• Equity Compensation 

 

Long Term Tax Planning is looking into the future to potentially reduce tax liability based on the current understanding of tax rules. 

• Reviewing Roth versus Traditional contributions 

• Roth Conversions 

• Income changes

• Life events such as birth of a child, death of a spouse