Tax Planning versus Tax Preparation
Tax Preparation is the process of preparing tax returns for submission to the IRS after the end of the year.
Tax Planning is the process of looking at a person’s life, business, and regulatory requirements to LEGALLY reduce taxes before the end of the year.
Tax Planning
- Onboarding
- Strategic Planning
- Scheduled Meetings
- Retirement Impact
- Tax Forecasting
- Implementation Recommendations
- Implementation Monitoring
- Strategy Re-Evaluations
- Individual Tax Return
- Business Tax Return
- Other Bus. Tax Returns
Strategic Planning
- 8 Weeks
- Included
- Monthly
- Included
- Included
- Included
- Included
- Included
- Optional
- Optional
- Optional
Proactive Planning
- 6 Weeks
- Included
- Up to 4X/Year
- Included
- Included
- Included
- Not Included
- Not Included
- Optional
- Optional
- Optional
Reactive Strategies
- 4 Weeks
- Included
- 1X/Year
- Included
- Included
- Not Included
- Not Included
- Not Included
- Optional
- Optional
- Optional