Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
ARE ONLY ONE PIECE OF THE PUZZLE THAT MAKES UP YOUR FINANCIAL PLAN.
Relational Financing Planning
Taxes pay for the things we use as a collective, and it's responsible to understand what you're paying taxes on and why. Whether your goal is to reduce your tax burden, to control it, or simply to understand it, we can help. Knowing the impact of tax on your picture is one step of the financial planning process.
Frequently asked questions about this topic:
What tax bracket am I in?
We'll look at your tax bracket, but we'll also look at your effective tax rate since U.S. income tax is a progressive tax.
How much are capital gains rates?
Depending on your total income, your capital gains tax rate may be different than your friends' or colleagues'. We'll discuss this with you.
Am I taking all the right deductions for my business?
Great question! Reviewing Schedule E or Schedule C deductions is an excellent way to reflect on your business and to know what's being deducted and what's not. Don't forget charitable giving and other deductions if you're itemizing!
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Any discussion of taxes is for general information purposes only, does not purport to be complete
or cover every situation, and should not be construed as legal, tax or accounting advice. Clients
should confer with their qualified legal, tax and accounting advisors as appropriate.