SOLUTIONS
KY Tax Service & Bookkeeping's
Three Keys To Success
PLANNING
Tax planning is the analysis of a financial situation or plan to ensure that all elements work together to allow you to pay the lowest taxes possible. A plan that minimizes how much you pay in taxes is referred to as tax efficient. Tax planning for businesses and individuals in San Martin, CA. should be an essential part of an individual investor's financial plan. Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success.
STRATEGY
A tax strategy is a plan of action for reducing taxes, regardless of your business or investment situation. It is more than just wishing you could pay fewer taxes. It is a strategy crafted to ethically and morally ensure you pay the least amount of tax allowable by law.
Tax strategy optimizes the way your business income and personal spending is structured. It includes analysis of how your business structure affects your payroll and income taxes, which of your expenses is deductible, and how you can most efficiently support the people and causes important to you. It will detail how you can reduce your taxes based on current tax law by maximizing your deductions based on your wealth strategy, shift income from high tax rates to lower tax rates, and maximize your tax credits.
RESULTS
Proper tax planning can produce the following results; reduce the current year's tax liability. Defer the current year's tax liability to future years. Maximize the tax savings from allowable deductions. Maximize tax savings by taking advantage of available tax credits. Maximize capital gains tax. Maximize the amount of wealth that stays in your family. Avoid penalties for underpayment of estimated taxes. Increase availability of cash for investments, business, or personal needs by deferring your tax liability and countless additional benefits.