Tax Planning

Planning is the key to successfully reducing your tax liability. At Thompson Greenspon, we proactively recommend tax saving strategies to maximize your after-tax income. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. We can provide tax saving strategies that grow and preserve assets, defer income and reduce taxes on your income, estate, gifts, investments and retirement distributions.

Strategies we consider include:

  • Shifting income or expenses from one year to another
  • Deferring tax liabilities through multiple investments
  • Restructuring your income
  • Splitting income among several family members or legal entities

“15 years of receiving excellent tax preparation and other financial advice.”

– Frederick N.

TAX PLANNING INSIGHTS
Rules for Charitable Gaming Activities
Don’t roll the dice Gaming can seem like an appealing and low-cost option for boosting nonprofit revenues. But bingo, poker tournaments, raffles and the like are subject to some strict...
The Tax Score of Winning
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the...
Employee Retention Credit
Get the Credit You Deserve In response to the financial impact of the COVID-19 pandemic, the CARES Act established the employee retention credit (ERC) to encourage employers — including nonprofits...

Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.

talk-to-specialist-cpa-accounting