
Tax Planning Services
Tax Planning
For most clients, taxes reduce income by between 30-50% – or more. Therefore, planning for taxes – and, moreorver, optimizing your finances for tax purposes –is a critical part of planning for success.
We have 19 years of experience working with professionals, including those with cross border situations and equity compensation.
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Integrated Tax Planning
· Given our background in income tax preparation, all our advice is filtered through the lens of tax efficiency.
· All clients receive a tax projection as part of the Year End Financial Planning Meeting, as a way of guiding decisions to make them as tax-efficient as possible.
· In addition, we frequently consider multiple facets of tax planning, which other financial advisors may not be equipped to understand:
· Tax planning over multiple years to ensure lifetime optimization
· Trade offs between planning for income tax vs. gift and estate tax
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Advanced Tax Planning for Clients with Corporate Equity Compensation
· Build out a tracking model, covering: vesting dates, options expiration dates, cost bases of previously exercised shares, etc.
· Model alternate scenarios to optimize exercise and sale decisions around cash flow needs, long-term goals and tax minimization
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Advanced Tax Planning for Clients in Cross-Border Situations
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Analyzing and optimizing tax residency
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Tracking assets in and income from multiple countries
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Analyzing foreign tax liabilities and planning opportunities
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Coordination with foreign tax professionals to mitigate any double taxation
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Optimizing taxes on US side by strategic use of Foreign Earned Income and Housing Exclusions, Foreign Tax Credits, and/or Income Tax Treaties
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Advanced Planning for Trust, Gift and Estate Taxation
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Comprehensive tax planning frequently requires consideration beyond the individual client. Based on your individual circumstances, we may need to consider inter-generational gift or estate tax implications.
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Alternately, we may recommend the use of a Trust, and can advise on the income and estate tax implications of different types of Trusts.
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As part of this planning, we can also offer advanced guidance on the proper selection of assets to donate for charitable purposes, as well as the most tax-efficient vehicle that aligns with your goals and cash flow needs, such as a Donor Advised Fund, a Charitable Remainder or Lead Trust, or even a Private Foundation.
