Tax Strategies and Planning
Want to lower your income taxes? Reduce the estate taxes at the time of your death? Help your favorite charities while increasing your after tax income? These objectives are all possible with an experience tax strategist.
What is a tax strategist? It is an individual who works with your existing legal and accounting team, or assembles one for you to identify ways in which to lower you tax bills, avoid incurring taxes which can be legally avoided or reduced and creates a plan that helps you achieve your economic goals in the most tax efficient way and possibly fulfilling some altruistic objects.
Most lawyers work on matters only once a client comes into their office for a consultation once something that has become a problem, so naturally their focus is on solving the problem at hand. Most accountants spend most of their time preparing tax returns, reporting what has already happened. Yes, a good one will probe to see if you are overlooking deductions, or be bit more aggressive in the tax treatment of certain items of expense. But usually neither your lawyer nor your accountant will develop a long term strategy that can save potentially millions in income, capital gains or estate taxes. That is why if you have significant assets you need a tax strategist.
In addition to working with or assembling a legal and accounting team we work with your financial advisors and insurance broker to make sure all elements of the plan we help you design are fully and properly addressed.
If you have a large real estate or stock portfolio or own a profitable private business we can almost always find ways for you to operate in a more tax efficient manner and save greatly when passing your life’s work on to the next generation.