Tax planning goes hand in hand with financial planning because it changes as your financial status changes. You need to review how financial goals and decisions will affect your overall tax status and we can help you plan ahead for major expenses and how to offset the amount of taxes you will need to pay. Inheriting a large sum of money or valuable assets is a huge responsibility and you want to ensure you understand the tax responsibilities you also inherited.
Here are some of the common tax planning situations we help clients walk through:
• Reducing taxes
• Counting charitable gifts
• Predicting taxes on inheritance