Tax Planning. Start Saving.

What is Tax Planning?

How It Works

Tax planning is more than just filing a tax return. Anything you spend money on or plan to spend money on can have tax implications. There are many things you probably don’t think about, but things like marriage, divorce, buying or selling a business, college, or retirement may have tax consequences.

Tax planning is the ability to consider how certain financial decisions will impact all areas of your life and allow you to take proactive actions to lessen the financial impact. Tax planning can be perceived as a generalized concept such as defer income and accelerate your deductions just before the end of the year. Tax planning should be more focused on the long-term.

How We Help

At Intentional Accounting, we make it our business to be well-versed in the newest tax legislation so we can ensure that you never pay one dollar more than you are legally obligated to. The hard-hitting approach to tax strategies are dependable, legal, and effective for new businesses, small businesses, and individual taxpayers.

For new business owners, we will identify which business structure will bring the most tax savings and allow you to become profitable quicker. For established business owners, we will analyze your finances to find ways to control your tax exposure. We will identify the deductions are available for your specific industry, how you can take advantage of certain tax credits, and how we can limit your tax burden as your business grows.

What Our Tax Planning Services Include

We will work together during our tax planning sessions to review ways to:

Reduce your income taxes
Grow and preserve your wealth and your assets
Reduce taxes on your gifts so you can give more
Reduce your investment taxes
Defer your income so you can keep your money now and pay less in taxes later
Start retirement planning so you can enjoy your later years
Examine ways to reduce your estate taxes

Every taxpayer’s case is different. While it may be easy to make assumptions and apply cookie cutter solutions, this is not the way Intentional Accounting approaches tax planning. We look for the correct answer for each individual situation and customize a plan that will work for you.

Developing a long-term tax strategy offers you many benefits, and savings add up to potentially tens of thousands of dollars or more over time. Is that worth the investment of your time?

If you do not invest time for tax planning and creating a long-term strategy, you will never enjoy the benefits. Ignorance is not bliss, you are missing out on opportunities to save money and invest in yourself and your family. Sit down today with one of our specialized accountants at Intentional Accounting and be on your way to a successful tax plan for your future.