Tax Planning

“Can I deduct this in my business? My neighbor said he does?”

“I saw this lady on TikTok and she said I could write off …”

There’s a lot of noise out there. We help cut through it. We help individuals and businesses understand federal and state tax law requirements and plan accordingly. We work with clients to strategize ways to mitigate tax exposure while ensuring compliance with all applicable tax laws. There is no silver bullet. But understanding the law and planning accordingly is the best first step.

What is Tax Planning?

You may get a different answer to this question depending on who you ask. To us, effective tax planning is not about parlor tricks or shortcuts — it’s about having a clear understanding of the tax rules. And from there, applying the rules to each client’s unique situation, making intentional decisions to align with each client’s goals and business realities. Social media, friends, and even well‑intentioned advisors often oversimplify or misunderstand how tax laws work. What may be deductible for one person may be completely improper for another. To state the seemingly obvious – relying on unreliable information can create serious problems down the road. Our goal is to help clients replace uncertainty with clarity.

Who Needs It?

Tax planning becomes especially important for business owners. This because nearly every operational choice has tax consequences: how you structure your business, how you compensate owners and employees, how you track expenses, how you handle equipment purchases, how you manage real estate, and how you plan for growth or sale of the company. We recommend our clients all have a good CPA. But we work together to help clients understand not just what the rules say, but why they matter.

What We Do

A major part of our work involves helping clients understand timing — when income should be recognized, when expenses should be taken, and when a transaction might create a tax impact. Strategic timing can significantly affect tax liability, but only if it’s supported by proper documentation, accurate records, and compliance with the relevant rules. We help create systems and processes that allow businesses and individuals to make tax‑efficient decisions throughout the year, rather than scrambling at the end of it.

We also help clients evaluate and choose between different tax positions, such as whether to elect S‑corporation treatment for an LLC or how to structure partner compensation in a multi‑member business. These decisions can have long‑term effects on tax liability, profitability, and compliance. We work closely with clients to weigh the benefits and risks.

For individuals, tax planning often overlaps with a number of other facets of life. These include investment strategy, real estate decisions, retirement planning, estate and gift considerations, and the tax implications of significant life events. We help clients understand how major transactions — sales of assets, investment gains, inheritance, or charitable giving — will impact their tax picture.

Another key part of tax planning is preparing for major business events. When a business is being bought or sold, when owners are entering or leaving, or when the company is restructuring, tax consequences are often one of the most critical elements of the transaction. Thoughtful planning at the beginning can prevent unpleasant surprises later.

We also assist clients in understanding multi‑state tax issues. This is becoming more and more relevant as more businesses expand across state lines or operate online. Different states have different rules regarding income sourcing, sales tax, nexus, and reporting requirements. We help clients navigate think through these issues and connect with appropriate resources to ensure compliance.

Conclusion

Ultimately, effective tax planning is about making informed choices — not guessing, not relying on hearsay, and not hoping the rules apply the same way to everyone. We help clients develop strategies that support compliance, reduce unnecessary tax exposure, and provide long‑term clarity. When you understand the rules, you are in a better position to make informed decisions that support your goals and protect your business or personal interests.