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
Tax Planning for Investors: Income vs. Growth
Whether you invest for income (dividends and interest), growth (price appreciation) or total return (a combination of income and growth), it’s important to assess the impact of taxes on your...
Year-End Tax Planning: Explore 2017’s Key Areas
As we approach the end of 2017, it’s once again time to explore strategies for reducing your construction company’s tax bill. (more…)
3 Midyear Tax Planning Strategies for Individuals
In the quest to reduce your tax bill, year end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three...

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

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LATEST POSTS ON TAXES
Can You Deduct Home Office Expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers...
Retirement Savings Opportunity for the Self-Employed
Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an...
Independent Contractor vs. Employee: Worker Classification Matters
Many employers mistakenly believe that the mis-classification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. This couldn’t be further from...