Tax Strategies

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It’s said that only two things are certain in life: Death…and Taxes! And while there’s not much you can do to avoid the former, with prudent strategies and foresight, there’s a lot you can do to minimize the latter. However, similar to everything that goes into living a happy and fruitful life, a good tax strategy can yield great benefits – but only if it’s done professionally, and earlier on during your wealth accumulation cycle.

Our Tax Strategy philosophy is not centered around tax avoidance, but rather on helping you structure your finances, so you and your family aren’t overburdened by undue tax liability.

Why a Tax Strategy is Important

Delaying tax strategy could be as tantamount as leaving potentially savable dollars, of your hard-earned money, on the tax table for others to benefit from. The longer you defer a tax strategy, the more money you could end up owing and paying in taxes. That money could potentially have been saved, through a reduced tax bill, and grown through the magic of compounding, over many years.

What We Can Do For You

We help our clients through long-term Tax strategies – and that’s exactly how we’ll help you. Tax strategies do not commence on the date of filing your tax returns. A prudent tax strategy often starts long before – sometimes even before you make decisions that trigger a tax liability. We can help a devise a tax strategy that minimize taxes, maximize tax refunds and guide you to optimize your tax-friendly returns.

Here’s what we can do for you through our Tax Strategy service:

  • While the best strategy you can get is: Save. Save. Save…as much as you can. The next best strategy is: Be careful how you use those savings. Our Tax strategies include considerations on whether you should use pre-tax dollars, or post-tax income. How you spend those savings, and in what types of vehicles, can make a significant difference to the taxes you pay. We can help you navigate through the various advantages and disadvantages of choosing one strategy over another
  • When strategizing for tax impact on your income, we’ll also look for the types of income that you might receive: Dividends, Interest, Annuity payments, Capital Gains, Inheritances, Employer or Government benefits. While all of these are potential income streams in retirement and before, each has different tax implications
  • We will help you foresee impacts to your future net wealth. If left unattended, your net wealth could be diminished due to likely claw-backs to benefits, and the possibility of erosion to your estate through substantial taxes
  • We’ll help you mitigate possible tax impacts when it comes to your estate. A good tax strategy can help ensure that future generations do not bear the burden of taxes due to the legacy you leave them. But to ensure a tax-advantage inheritance to your beneficiaries, you need to put appropriate strategies in place NOW – and that’s where we can help

Contact us today to learn more about tax planning strategies.

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