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Individuals and Their Families

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Families face tax issues related to marginal tax rates, which can create disincentives for increasing earnings. Child tax credits and the Earned Income Tax Credit (EITC) provide financial relief and incentives for working families with children. Deductions, exemptions, and payroll taxes also significantly impact the tax burden and financial stability of families..

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What are your tax issues?

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  • How do I reduce my taxable income to therefore lower my income tax liability?

  • Can I defer my income to help me postpone the payment of taxes?

  • Can I make changes to my portfolio to permit tax management of my investments?

  • What credits do my family and I qualify for?

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Small Business Owners

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Small businesses face high tax compliance costs relative to their size. They are more likely to underreport income and overstate deductions, whether inadvertently or intentionally. However, they also benefit from certain tax code provisions like Section 179 expensing and pass-through taxation that reduce their tax burdens.

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What are your tax issues?

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  • Is my entity choice best suited for me?

  • Should I open a SEP? How much can I contribute?

  • What changes can I make to my small Business to maximize tax savings?

  • Are my records sufficient for the deductions I claim?

Financial Advisors and CPAs

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Financial advisors must provide tax planning advice to help clients minimize their overall tax burden. Advisors also need to manage their own tax situation effectively as small business owners. Close collaboration between advisors and clients' tax professionals is essential for implementing tax strategies correctly and identifying new opportunities

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What are your tax issues?

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  • How do my clients best recognize income and what tools (ie Roth conversions, asset location, tax gain harvesting) should they use?

  • Are my clients taking full advantage of their tax-advantaged benefits?

  • What are the tax implications of certain financial decisions like the timing of claiming Social Security?

  • Should I have a tax professional prepare my clients' taxes or do them myself?

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