two people working on taxes

Tax Planning Services

If you want to successfully and legally reduce your tax liability, tax planning is the smartest action to take. Our team at TPI goes way beyond tax compliance. We stay up-to-date on current tax law, the complex tax code, and new tax regulations, so we can uncover the best tax saving strategies for you – not just at the end of the year, but year-round.

What Is Tax Planning?

Tax planning is when you structure your financial situation to maximize profit while reducing tax liability in a legal manner. Tax planning for your personal and business decisions is key to meeting your tax needs while legally reducing your tax burden. 

We provide extensive financial modeling where we test and forecast the impact of any financial decision for our clients. As a result, you can more easily make the best business tax planning or family tax planning decisions.

man reviewing document with magnifying glass

How Our Tax Professionals Can Help You

When you consult with our certified public accountants, we will assess your financial situation, reviewing many factors, including tax aspects of your business activity. TPI’s tax planning strategies will minimize your tax burden while helping you maximize your text benefits by:

  • Growing and preserving assets
  • Deferring income (aka, keep money now and pay less taxes later)
  • Reducing taxes on your income, estate, gifts, investments, and retirement contributions
  • Complying with federal, state, and local tax laws

Depending on your tax situation, we could:

  • Split income among several family members or legal entities so income is taxed at a lower bracket
  • Shift income or expenses from one year to another to take advantage of a lower tax rate
  • Defer tax liabilities through pension plans and charitable contributions

CPA Tax Planning Advice 

With proper tax planning and risk management, the talented CPAs at TPI Group can help prevent capital gains taxes and other expenses from ruining your financial plans. 

After reviewing your tax situation, we can help you to:

  • Lower your tax bracket
  • Defer or shift income
  • Reduce your marginal tax rate
  • Reduce taxes on investments
  • Establish tax-reducing retirement accounts
  • Maximize tax-reducing business expenses
  • Maximize deductions
  • And much more!

Additionally, we can file your tax return, keep you informed of the latest tax cuts, and work with various government agencies to work out any financial issues that may arise, in order to maximize your after tax income. 

Want to Learn More About our Tax Planning Services? 

Reach us at info@tpigroupinc.com or call (703) 288-1998 to set up your free consultation!