Individual Tax Saving Strategies

"By failing to prepare, you are preparing to fail."  --- Benjamin Franklin

Personal Taxes

Planning Meeting

A tax plan gives you confidence and peace of mind, knowing about what your tax liability will be and the tax impact of your financial decisions.  Make an appointment today to get a plan designed specifically for you! 
  • Income and Deductions - Timing to minimize tax liability
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  • W-4 - How many exemptions to claim & whether additional withholding is needed
  • Estimated Tax Payments - Estimate your tax liability to determine if you are required to send quarterly estimated tax payments and the proper amount to pay
  • Capital Gains and Losses - Timing the sale of securities and other capital assets
  • Charitable Giving - How much, when and how to give?
  • Contractors (1099) - How much should you hold back for taxes?
  • Retirement Plans - How much to contribute and to what type of plan? Conversion of 401(k) from previous employers. Traditional IRA vs ROTH IRA? Withdrawals - required minimum distributions & distributions before age 59 1/2. 
  • Alternative Minimum Tax (AMT) - what types of income and deductions trigger AMT?

Estate, Gift and Trust Planning

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   Wealthy individuals and families are interested in minimizing estate taxes and transferring as much wealth as possible to future generations. We are proud to offer estate, gift and trust services to assist you in navigating the maze of wealth planning.   
   We believe that lifelong wealth planning is an integral part of your overall financial picture and that it's never too late to start. Our team will assist you with your basic estate, trust and gift planning needs by helping you strategize and plan for the allocation of your life assets and the legacy you will leave behind.   
   We can help you determine the various ways to pass assets to your children, grandchildren or to charitable organizations. Our Certified Public Accountants are knowledgeable and experienced in the areas of tax, estate and business succession planning. They will work with you and your trusted team of legal, insurance and investment advisers to outline strategies that will minimize estate and gift taxes while providing for your family's future needs. 
    Make an appointment today to begin constructing your lifelong financial plan! 
This information is not to be considered legal or tax advice. Trusts are legal documents and must be prepared by your attorney. Discuss the individual tax ramifications of any financial decision with your Certified Public Accountant to ensure compliance with federal and state laws. 

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