What Is Tax Planning?
Tax planning is a forward-looking process that evaluates:
- Current income and asset structure
- Expected changes in earnings or ownership
- Investment activity and timing
- Life events that carry tax consequences
The goal is not just to reduce taxes this year, but to create predictability and avoid unintended outcomes over time.
Who Benefits from Tax Planning
Tax planning is particularly valuable for:
- Business owners and pass-through entity partners
- Executives with variable or equity-based compensation
- Individuals with significant investment or real estate income
- Families anticipating liquidity events or inheritances
- Clients subject to multi-state taxation
- Individuals frustrated by surprises at filing time
Many clients seek planning after realizing their tax situation has outgrown a purely reactive approach.
Our Tax Planning & Consulting Services
Ongoing Planning & Projections
- Mid-year and year-end tax projections
- Scenario modeling based on income changes
- Review of estimated tax payment accuracy
- Planning around timing of income and deductions
Business Owner & Pass-Through Planning
- Entity structure and compensation planning
- PTET analysis and election support
- Coordination between personal and business tax strategy
- Planning around distributions, capital accounts, and basis
Life Event & Transaction Planning
- Sale of a business or major asset
- Retirement transitions
- Inheritance or trust distributions
- Changes in residency or state taxation
- Large charitable gifts or donor-advised funds
Advisory & Representation
- Interpretation of new tax law and regulatory changes
- Review of IRS or state tax exposure
- Consulting related to complex filings or notices
- Coordination with attorneys, financial advisors, and family offices
How Planning Works With Tax Preparation
Tax planning and tax preparation are closely connected, but not the same.
- Tax Preparation ensures accurate filing and compliance
- Tax Planning helps shape outcomes before returns are prepared
Many clients engage us for both, creating continuity between strategy and execution.
How This Fits With Estate and Family Services
Tax planning often intersects with:
- Estate Planning & Administration, especially for trusts, gifting, and legacy goals
- Family Office Administration, where coordination across advisors is critical
Our role is to bring clarity to complex decisions and ensure tax considerations are properly integrated.
Our Approach
Clients value our:
- Practical, plain-language explanations
- Responsiveness throughout the year
- Willingness to engage before decisions are finalized
- Ability to see both the technical and personal implications
We focus on helping you make informed choices, not overwhelming you with jargon.