What is Tax Planning & Financial Advising?

Tax planning and advising is an important aspect of financial planning that helps individuals and businesses minimize their tax liability. A good tax advisor should have a thorough understanding of tax laws and regulations and be able to provide expert advice on how to legally reduce your tax burden.

Tax planning involves looking at your financial situation and identifying ways to minimize your tax liability. This could include strategies such as maximizing deductions and credits, deferring income, and structuring investments in a tax-efficient manner.

What You Should Receive From a Tax Advisor

A good tax advisor should be able to help you with various aspects of tax planning, such as:

1. Identifying tax deductions and credits: A good tax advisor should be able to identify deductions and credits that you may be eligible for and help you claim them on your tax return.
2. Investment planning: A good tax advisor should be able to help you structure your investments in a tax-efficient manner, such as by recommending tax-advantaged investment vehicles or strategies.
3. Retirement planning: A good tax advisor should be able to help you plan for retirement in a tax-efficient manner, such as by recommending tax-advantaged retirement savings accounts or strategies.
4. Business planning: For business owners, a good tax advisor should be able to help with tax planning for their business, such as by recommending tax-efficient business structures or strategies for reducing self-employment tax.
5. Tax compliance: A good tax advisor should be able to help you comply with tax laws and regulations, such as by preparing and filing your tax returns and representing you in case of an audit.

Speak To a Professional Tax Advisor

Tax laws and regulations are complex and change frequently, so it’s important to work with a tax advisor who stays up-to-date with the latest changes and can provide you with the most current advice.

If you find you’re not getting this from your current tax advisor, it might be the time for you to give us a call and see what we can do for you!

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Brandon Dante

Brandon, is a well-seasoned accountant and heads up the team with 25+ years of senior accounting experience. He holds an Accounting degree with a Minor in Business Administration and a Masters in Accounting. He maintains several certifications and holds various industry related licenses in tax preparation and planning. When Brandon isn't in the office, you'll find this avid dog and animal lover supporting various Bay Area - and beyond - animal charities.

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