Tax Preparation & Planning

Proper tax management is more than an occurrence that happens once a year every April. It’s about accurately reporting and maximizing your circumstance regardless of where you fall in your present or post-career earnings lifecycle. We must learn to utilize the federal (and local) tax code to its full capacity to get the most out of what’s available within the confines of tax law.

For some, this is maximizing your ‘effective cash flow’ to focus on not overpaying or underpaying on your federal withholdings on your periodic paycheck; essentially managing your after-tax cash flow while simultaneously limiting what you might owe or what you might over-give to the IRS over the course of the year. For others, maybe you are a business owner and compliance is an issue, and there are many moving parts in your business and/ or personal life, and you need to get a better handle of what’s going on to maximize the rewards of being an owner.

No matter the case, we have a duty as citizens to pay our share and comply regardless of opinion or feelings. There is no “zero some game” that automatically balances things out if you choose to engage proactively or not. We must realize we have a choice, and we will deal with the results as a consequence or gain opportunity. 

Our firm meets you where you’re at regardless of your situation and offers a custom solution that fits you. Maybe that’s a once-a-year preparation service to begin a relationship, maybe this is by providing ongoing tax planning service, maybe you have more robust business or estate tax planning needs, and maybe you have a combination of the above. We will do our diligence, inform you, take pressure off of you, and execute.

Tax Services

• Federal and State Tax Preparation
• Year-round Tax Planning for your business and/ or personal
• State and Local Business Tax filing (Franchise Tax, Sales and Use Tax, etc.)
• Tax Consulting and Representation for Various Issues (IRS or other related Audit Issues)

Pricing

Tax Preparation Services

Standalone tax preparation without wealth management is still billed at $225 per hour. Our focus is on fully accurate reporting and maximizing compliant and appropriate usage of the tax code.

Offering for Wealth Management Clients

For clients that participate in our wealth management services, we offer a significant discount to the aforementioned to keep your tax business. The client must either (a) purchase/down pay private financial planning service, or (b) if the client is a business owner, purchase/down pay private or enterprise financial planning services or allow us to service the company's employer sponsored retirement plan. Our hourly rate is decreased to $150 per hour.

If you are to begin as a tax preparation client and choose to pursue financial planning services at a later date, you have until December 31st or three months into the following year, depending on when you sign up, for this discount to be recognized and applied. A dollar-for-dollar credit or refund for the difference will be applied to your account for arrangement.

Year-Round Tax and Cash Flow Planning

This service is a optional add-on to existing financial planning and/ or investment management clients. It is great for making informative, impactful decisions, to maximize your dollars on a continuous basis. The baseline fee begins at $900 annual and is billed monthly, with 2 hours of tax preparation included. If tax preparation is removed the annual fee is $615 annual and is billed monthly.

Standard Service Includes:

• 3 meetings per year:
  • Goals for the year plus Cash Flow Plan meeting
  • Tax Return organization and Tax Return review meeting
    • Organization- Listing of Tax forms to Expect, Identify Charitable Deductions, Warn for common errors, plus more
    • Review- Double-check for errors and verbally explain Results, look for planning or portfolio opportunities
  • Year-end Results and Review
• 2 hours of tax preparation included
• Tax/ Withholding Estimation and paystub review
• Tax-loss Harvesting
• Mid-year update of Budgeting and Spending Assumptions
• Limited Recordkeeping
• Reminders: Contribution limits, Minimum Distribution reminders, Conversion and FSA deadlines, carry forward and more

Premium Ad-Ons:

• Estate Tax Planning
• Trust Distribution reminders
• Unrestricted recordkeeping
• Charitable Giving planning: Donations vs Qualified Charitable Distributions, Private Foundation considerations, Donor Advised Fund considerations
• Reminders and planning for: Accelerating Business Expenses, Income Shifting, and/ or Conservation Easement