Many clients say the primary factor that distinguishes us from our competition is our tax planning.

All tax planning can be described by these three techniques:

1. Conversion: Sometimes it is possible to covert income of losses to a different type in order to gain a more favorable treatment. For example, capital gain is almost always more favorable than ordinary income, while ordinary losses are generally more favorable than capital losses. Planning to manage the nature of income or losses can be greatly beneficial. As with most tax planning, timing is everything- we help you to get the right type of income or loss in the right year.

2. Shifting: We can often take advantage of lower tax brackets between years, or among family members. Shifting income between years may be necessary to manage alternative minimum tax (AMT). By strategically shifting in this way it is possible to secure much lower rates, allowing clients grater financial stability in the tax planning process. It isn’t simple. You can’t just hand income from one person to another- rules abound. But with proper planning, we can set things up in ways that are beneficial to all parties involved.

3. Deferral: Deferral of taxes is generally sound tax planning. However, changes to tax law and the time value of money must be weighed before using this technique. Applied correctly, deferral can make a large difference in the results that we can achieve. Clients benefit from our experienced team, who are able to analyze your situation and decide whether deferral is right for you.

Our clients benefit from our proactive approach to tax preparation. We save our clients thousands of dollars by controlling the timing and nature of certain transactions. Of course, all tax planning techniques must follow IRS rules.

Our dedicated team of professionals is experienced and skilled in tax planning strategy, and will work with you to find the best tax planning approach. Members of our firm actively seek the best solution for your situation.