Tax Planning
Tax planning is the art of considering all of the various types of taxes, and tax rates, which may apply to a taxpayer or transaction, and choosing which tax to pay and when to pay it. It also includes planning a way to pay the tax when it becomes due, preferably in a way that has minimal adverse effects on the taxpayer and/or the taxpayer’s estate.
Our firm has decades of experience doing such planning. We begin by looking at the way assets are currently owned and taxed, then propose ways to reduce or eliminate current and future taxes which may be imposed on the taxpayer during life and on the family or assets when transferred. We have significant experience working with business owners, addressing their unique challenges.