TAX PLANNINGWe know that there is no simple approach to tax planning that can be applied to any individual or business. We take the time to get to know you. By understanding your priorities and values, we can develop a tax planning strategy that can help you achieve your goals and objectives.
TAX PREPARATIONTax laws are complex and change on a regular basis. It quite common for individuals and businesses to get incorrect information on their tax return. By assisting with tax preparation, we can help you present the most accurate financial information to the IRS.
TAX PROBLEMSNo matter how careful you are about reporting, problems can come up from time to time. As Enrolled Agents, we are authorized to represent you before the IRS. We can act as a liaison on your behalf to negotiate the best possible outcome. There are occasions when individuals or companies may find that they have omitted to file the appropriate tax return or paperwork. Rather than waiting on the IRS to discover the error and impose fines or penalties, we can help you take the initiative and negotiate a settlement. Telephone our Padgett office today to arrange a free initial consultation with one of our tax specialists. We can help you keep more of your hard-earned cash in your pocket by minimizing your tax payments.
TAX SAVING STRATEGIES YOU CAN USEOur payroll services are powered by a nationally recognized partner, designed for small businesses with one or more employees, and simplified to save you time.
- Grow and preserve assets by keeping Uncle Sam out of your pockets.
- Defer income so you can keep your money now and pay less taxes later.
- Reduce taxes on your income so you keep more of what you make.
- Reduce taxes on your estate so your family keeps more of what you’ve made.
- Reduce taxes on your gifts so you can give more.
- Reduce taxes on your investments so you can grow your wealth faster.
- Reduce taxes on your retirement distributions so you can retire in style.
TAX SAVING WE USE
- Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
- Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
- Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
- Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
- Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.