Tax Services
Our goal is to take the extra step and provide comprehensive tax preparation and planning for our clients. Here are just a few of the services that we offer:
Tax Return Preparation Services
We prepare personal, business, trust, estate & gift tax returns for both federal and state tax entities using a triple review process to avoid potential audits.Tax Projection Service
A strategic analysis of all factors affecting your current tax status with an actionable strategy for legally minimizing your tax burden without using gray area or questionable tactics. This service takes advantage of valuable tax planning strategies that often must be done before the end of the year so it is best to schedule early and take full advantage of all of the savings available to you! Must be a current tax compliance client.W-4 Calculation Service
We optimize your paycheck tax withholding so the government does not hold on to any excess taxes paid, maximizing your take home pay while meeting withholding requirements for federal and state tax entities. Must be a current tax compliance client.1099 Preparation
Business entities must file 1099s each year for their contracted employees each year before the February 28th deadline. We make this process a worry-free experience for you making sure that you meet your obligations with as little headache as possible. Must be a current tax compliance client.Retirement Income Distribution Planning
Retirement Distribution Planning is our keystone service. It includes the following:- A highly tuned, highly customized retirement income distribution plan (First year);
- Specific actions to implement the plan (First year, then updated annually);
- A fall tax projection to make sure the plan is on target (annually);
- Federal and State tax return filing (annually);
- And, plan review, action item update (2nd year onward, annually)
Life Insurance
Permanent Life Insurance – Life insurance designed for life-long protection or for retirement income needs. This can be accomplished with Whole Life and/or Universal Life type policies.- Bank on yourself strategy – One builds cash value tax-deferred and/or tax-free that is used down the line for personal loans to oneself for any reason. The result is borrowing money from yourself and not a bank while taking advantage of the preferential tax treatments of life insurance policies and providing a family benefit in the case of your passing.
- Estate tax protection – when one’s estate is greater than (or expected to be greater than) the tax-free exemption limit, permanent life insurance is a great tool used to pay the taxes on the estate.
- Disabled dependent – using a permanent life insurance policy so it stays with you for life to cover the needs of your disabled dependent when you pass.
- Non-Qualified Roth IRA Strategy – Using a permanent life insurance policy to build cash value (tax-deferred/tax-free) over the long-haul to be used as retirement income stream in retirement. In the meantime, while building cash value, the policy serves to protect heirs in the case of lost income from your early passing.
Term Life Insurance
For dedicated, term specific needs like college funding for dependents, or mortgage for surviving spouse. This is a private policy that you keep for the term, as opposed to a “group” term policy your employer provides which goes away when you leave your employer.- Terms of 5-30 years.
- Wide benefit options – from hundreds of thousands to millions.