Business and Individual Tax Planning

Filing taxes is something that almost all of us have to do. However, with proper tax planning you don’t have to pay more than you are legally obligated to. The problem is many people get back a smaller refund than they are entitled, or worse, they end up paying more than necessary.

In today’s day and age it is easy to do your own taxes. There are so many over-the-counter tax programs available but just filing your taxes is only half the battle. We routinely are contacted by people who filed their own taxes but paid too much. Most know about tax preparation but few know about tax planning.

What is Tax Planning?

Tax planning is a service separate from tax preparation and can help you:

  • Lower your taxes
  • Build wealth
  • Protect assets
  • Avoid unexpected liabilities
  • Reach long-term financial goals

The true benefit of hiring a tax professional is tax planning. Tax planning is the creation of a personalized strategy to reduce your tax liability. We will give you comparison of your previously filed tax return with and without the implemented tax plan so you can see how much you will save. Many people wait until the end of the year to worry about taxes but they then it is too late. The time to take action is now!

Tax planning is needed whether you are an individual taxpayer, family or business. Your financial decisions can have a lasting effect and without professional tax planning can cost you thousands. At Get Help Tax our CPAs and Enrolled Agents can create a tax plan that is tailored to your situation.

Tax Planning for Business Owners

Business owners face unique challenges. They may be responsible for payroll tax, sales tax, income tax and more. The bad news is that these taxes are part of doing business. The good news is that with proper tax planning you can minimize them.

For more information on how tax planning can help you contact us today.