Plan Your Taxes with a Certified Public Accountant
The goal of tax planning is to arrange your financial affairs in such a way that minimizes your tax burden. There are three basic ways to reduce your taxes, and each basic method may have variations.
1. You can reduce your income
2. Increase your tax deductions
3. Take advantage of tax credits.
Effective tax planning is the key to successfully and legally reducing your tax liability. At H. Edward Gallatin CPA, I go beyond simple tax compliance. I proactively recommend tax-saving strategies to maximize your after-tax income.
I make it a priority to enhance my mastery and knowledge of current tax laws, complex tax codes, and new tax regulations. As a result, I consistently seek to further my education and understanding of all laws or regulations that pertain to my field of work by frequently attending tax seminars. I can use my extensive education as a certified public accountant to your benefit by quickly and effectively establishing a tax plan that can help you qualify for the lowest tax settlement possible.
Tax Saving Strategies Can Help You
Splitting income among several family members or legal entities in order to get more of the income taxed in a lower bracket
Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate
Deferring tax liability through certain investment choices, such as pension plans, contributions, or other plans
Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities
Finding tax deductions by structuring your money to pay for things you enjoy