Looking Ahead,
Not Just Looking Back.
Tax planning is about considering the potential tax impact of financial decisions before those decisions are made.
We help identify planning opportunities throughout the year and consider how investment, retirement, charitable, business, estate, and other financial decisions may interact with your broader tax picture.
Tax Preparation and Tax Planning Serve Different Purposes.
Tax Preparation
Tax preparation generally focuses on gathering information from the prior year, preparing required tax forms, and reporting transactions that have already occurred.
Tax Planning
Tax planning looks ahead by evaluating how future financial decisions may affect income taxes, capital gains, retirement distributions, charitable giving, Medicare costs, estate planning, and other areas of your financial life.
Areas We May Consider.
Depending on your circumstances, tax planning may involve considerations across several areas of your financial life. Select an area below to learn more.
- Projected taxable income
- Federal tax brackets
- Capital-gain brackets
- Timing of income
- Timing of deductions
- Multi-year projections
- Lower-income years
- Future RMD exposure
- Tax brackets
- Medicare considerations
- Long-term tax exposure
- Estate considerations
- Capital gains
- Capital losses
- Tax-loss harvesting
- Cost basis
- Asset location
- Concentrated positions
- Traditional IRAs
- Roth accounts
- Taxable accounts
- Required minimum distributions
- Social Security taxation
- Withdrawal sequencing
- Appreciated securities
- Donor-advised funds
- Qualified charitable distributions
- Bunching deductions
- Multi-year giving
- Legacy giving
- Owner compensation
- Retirement-plan contributions
- Business income
- Estimated taxes
- Transition planning
- Sale considerations
- Restricted stock
- RSUs
- Stock options
- Vesting events
- Concentrated positions
- Diversification
- Gifting
- Inherited assets
- Cost basis
- Beneficiary decisions
- Trust coordination
- Wealth transfer
- Medicare thresholds
- IRMAA considerations
- Roth conversions
- Capital gains
- Retirement income
- Distribution timing
Looking Beyond One Tax Return.
The lowest possible tax bill in one year is not necessarily the same thing as an effective long-term financial strategy. We may evaluate decisions across multiple years to better understand how today's choices could affect future retirement distributions, tax brackets, Medicare premiums, investments, charitable goals, and estate planning.
Planning With Your CPA, Not Instead of Your CPA.
Effective tax planning often involves collaboration among several professionals.
We help identify planning opportunities within your financial plan and coordinate with your CPA or tax professional so investment, retirement, charitable, business, estate, and other financial decisions can be considered within the context of the broader tax picture.