Tax planning is an essential element in developing any comprehensive and tax-efficient financial plan. An all-encompassing tax plan includes both the timing of income and expenditures, selection of tax-favorable investments and retirement plans, and properly taking all available deductions and tax credits.
A thorough and compliant tax plan enables all elements of your financial plan to interact effectively by minimizing tax liability. Too frequently individuals attempt counterproductive and ill-advised tax plans trying to avoid (or worse yet, evade) all tax liabilities, but it is our philosophy to not let the tax tail wag the financial dog. We believe that tax planning tailored to your business or your specific needs is the most effective course of action for any comprehensive financial plan.
If you have concerns regarding your tax liability or a recent examination, it is important to meet with an experienced tax attorney or Certified Public Accountant to address the issue before it becomes an insurmountable problem. Our tax attorneys and CPAs are well versed in a variety of tax law and compliance issues for individuals, businesses, nonprofit organizations, and retirement plans. They have extensive experience advocating for both individuals and business entities experiencing Federal and state tax controversy issues.