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Tax Planning

Proper tax planning for businesses and individuals is the key to successfully reducing your tax liability. At Thompson Greenspon, we proactively recommend tax saving strategies to maximize your after-tax income.

 

We continually look for ways to minimize your taxes throughout the year, not just at the end of the year, enabling you and your business to pay the lowest amount of taxes allowable by law. 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

Tax Preparation

Preparing your own income tax return can be a daunting task and without the knowledge of an experienced tax professional many deductions and credits can be overlooked. Our professional staff is trained to minimize your taxable income through planning, financial forecasting, and the consistent monitoring of new tax legislation.

 

We provide tax planning and preparation services for all types of entities, including:

 

  • Corporations, Partnerships and Limited Liability Companies
  • Individuals
  • Nonprofits
  • Employee Benefit Plans
  • Trusts and Estates
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Focus on your business,
not your bookkeeping

We can also assist small businesses in the setup of a simple accounting system to help you maintain your tax and accounting records. Read more about our outsourced accounting services here.

2023-24 Tax Planning Guide

Download Our 2023/24 Tax Planning Guide

Thompson Greenspon’s Tax Planning Guide for 2023-2024 is designed to help you save the most by becoming familiar with the recent changes to the law and make sure you’re taking advantage of every tax break you’re entitled to. Check it out now and start saving.

Tax Planning & Preparation Insights

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Connect With A Specialist

Our construction and real estate accounting specialists have extensive experience in the field and are pleased to offer you personalized service. Contact us today to schedule a consultation.