Tax Planning

Planning is the key to successfully and legally reducing your tax liability. What sets us apart from other firms is that we go beyond tax compliance and offer proactive, tailored, and innovative solutions to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you've made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

 
Here's just a few of the Tax Saving Strategies we use...

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Estimated Tax Planning

Planning for and paying the correct amount of estimated tax is crucial to avoiding a large tax liability and steep penalties when it is time to file your return. We can proactively gather information and calculate your required estimated payments on a quarterly basis.

Alternative Minimum (AMT) Tax Planning

The AMT tax rules can be complicated and difficult to understand, and if not appropriately addressed, could give rise to an unexpected liability at filing time. We have been computing the impact of AMT along with taxable income for years, and we keep our clients informed of their tax position regarding AMT. With proper planning, an AMT liability can be minimized or eliminated entirely.

If you'd like to receive more information about our Tax Planning Service, please complete this form.

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Plush Smith PA, One Sarasota Tower, 2 North Tamiami Trail, Suite 506, Sarasota, FL 34236
Phone: (941)953-7587 | Fax: (941)953-9157 | Email: info@plushsmith.com
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