Most individuals would benefit from tax planning. Trust us, we find no satisfaction in getting to February, March, April, or whichever month it may be that you file and telling you: “You owe $XX,XXX.XX in tax, due April 15th. Had we communicated previously, we may have been able to reduce your tax bill.”
Tax planning isn’t necessarily about avoiding tax or having a refund at the end of the year, but being aware of the tax you may owe. There are a few things you can do throughout the year to pay or reduce the tax owed so that you don’t end up with a large tax bill at the end of the year.
For tax purposes, it might make sense for you do some, or all, of the following:
– Double-check your withholding’s, if necessary resubmit a W-4 with your employer
– Make additional donations to charitable group
– Invest in energy efficient products
– Purchase depreciable assets for your business
– Make estimated tax payments
– Or something totally different
The only way to know for sure what will be best for your situation is by contacting us, your tax preparers, to review your situation and provide guidance.
We understand that taxes are a daunting subject and cause many to stress. We’re here to relieve those fears, not make you re-live them each year. If you’re feeling some anxiety because you’re about to take a distribution from a retirement account and aren’t sure what the tax implications will be, contact us. If you’re about to sell your house and want to know if you’re going to be taxed, contact us. If your about to sell your business and aren’t sure how to handle this influx of capital and its tax implications, contact us. We’d love to help you however we can.
We don’t charge for phone conversations to answer questions, we hope to help answer them so that you’re informed. It’s a service you qualify for by being part of DBN Tax. Sometimes, a question or concern of yours can be resolved in one phone call. Others, we may need to do a more in depth review of your situation to find the best answer and formulate a plan. In most cases, we’ll need to review pay stubs, financials, and/or other documents to see what we’re working with. Our Portal is the best way to send us this information. By using this service, it prevents you from having to part with your original documents should you need them in the meantime.
All we need to get started is to have you set up a Portal account with us using your preferred email and other personal information which, in most cases, we have on file from the last year you worked with us. Once the portal is set up, you can easily upload documents for us to review, and vice versa. It’s a great way to seamlessly share documents with us, and us with you, especially for tax planning services.
Tax planning shouldn’t be intimidating and neither should taxes. Let us help you put a tax plan together so that you don’t have to worry any longer.
