Without an intelligent tax strategy, it's impossible to have a sound financial strategy. This includes evaluating the impact of your investments from a tax perspective. For example, mutual funds are less tax efficient than exchange traded funds (ETFs) and distribute taxable income to you in the form of capital gain distributions. The distributions are not controlled by you and create an additional tax burden.
We also make sure to keep you up to speed on ever changing tax laws. Here are just a few of the recent changes we have been addressing for clients:
- Increased credit amounts for qualifying families.
- Tax breaks for business owners.
- Expanded options for using education saving plans to pay for school.
In addition, we actively monitor your portfolios and help take advantage of tax loss harvesting opportunities that may exist in an effort to offset gains and losses in order to reduce your tax burden and save you money.
As members of the AICPA, we are governed by the AICPA Professional Code of Conduct which embodies standards of objectivity, integrity, free of conflicts of interest and truthfulness.
Our financial advisors and planners work side-by-side with our CPAs to provide the most relevant integrated plan. If you prefer, we can even coordinate with your existing accountant to ensure your wealth management strategy is integrated with your tax strategy.
