Taxes are your single largest annual expense. With proper planning, tax savings can be redirected to investments, significantly increasing your net worth over time. We utilize a three-step approach to achieve optimal tax planning outcomes:
This initial phase involves a comprehensive analysis of your current and future tax situation. First, we review your current tax documents and analyze future projections. Additionally, we evaluate your upcoming decisions based on your life changes, such as welcoming new children into the family, marriage, or investment decisions. Surprisingly, even such non-financial decisions have important tax implications. The savings are quite significant when these decisions are made and implemented with expert tax guidance.
We next form tax recommendations that minimize your taxes and quantify your savings. We make new tax planning recommendations every year after we file your tax return to ensure your tax planning strategy is dynamic and adaptive to your changing lifestyle. Recommendations include:
Tax advantages of equity-based compensation such as Restricted Stock Units (RSUs), employer stock purchase plans (ESPP), incentive stock options (ISOs), Non-qualified Stock Options (NSOs), annual bonuses, other incentive-based compensation arrangements
Real estate tax planning
Retirement tax planning
Employer benefit plan guidance
Student loan & education plan consulting
Divorce tax planning
Business tax planning
Social security planning
Family and multi-generational tax planning
Self-employed tax strategies in conjunction with the owners’ individual taxes
Optimal use of employer provided retirement plans
Employer deferred compensation arrangements
Tax strategies for investments in the market
Charitable giving arrangements such as charitable lead trusts, charitable remainder trusts
Business exit strategies
Tax Cuts and Jobs Act (TCJA) benefits to you and/or your business
Lastly, we implement your customized tax planning strategy and reflect them on your tax return to make sure they are timely and all the compliance issues are worked out. This ensures that our recommendations are fully implemented. We do not leave details unmanaged.
We closely monitor proper implementation of tax planning to ensure accuracy. As your life invariably changes over time, we adjust course and analyze the results of our recommendations year over year to better understand what additional benefits our clients could realize. As tax laws evolve, we apprise clients of relevant changes and counsel them on to use them to their advantage.
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Our firm’s pricing is structured to deliver high value with reasonable pricing. Our value proposition is appealing for that reason. Each individual has unique needs and we will determine the pricing that best fits your needs during our initial meeting.
We are located in the San Francisco Bay area, but serve clients everywhere as technology bridges the gap between locations, and generally is more time and result efficient.
We work mainly with professionals, executives, and business owners.
Tax planning is important because it allows individuals to reduce their tax burden legally. By understanding and leveraging various tax breaks, deductions, and credits, you can ensure that you’re not overpaying on your taxes and maximize your financial returns.
A CPA can assist you in preparing accurate tax returns, identifying tax-saving opportunities, and helping you plan for the future. They can advise you on tax deductions, credits, and investment strategies that align with your long-term financial goals.
Tax planning is vital for individuals as it helps reduce overall tax liability and ensures you keep more of your income. Proper planning can lead to significant savings, particularly through strategies like maximizing tax deductions, optimizing retirement contributions, and making tax-efficient real estate investments. By proactively managing your taxes, you can secure long-term financial stability.
