To Fail to Plan is to Plan to Fail
Your financial future starts with understanding where you are today. At Koffex Accounting, our dedicated advisors provide year-round, tax-smart planning strategies to help you manage your money effectively not just during tax season.
Based on your business needs, we can apply any of all the following:
Minimize
Tax Liability:
Use deductions, credits, and timing strategies to legally reduce what you owe.
Maximize
Retirement Contributions:
Utilize SEP IRAs, Solo 401(k)s, and other plans to lower taxable income while saving for the future.
Optimize
Business Structure:
Evaluate whether an S-Corp, LLC, or C-Corp is most tax-efficient for your situation.
Manage the Timing of Income and Expenses:
Defer income or accelerate expenses to manage tax brackets strategically.
Utilize
Depreciation Strategies:
Take advantage of Section 179 and bonus depreciation for equipment and vehicle purchases.
Plan for
Estimated Taxes:
Avoid underpayment penalties by projecting income and making timely estimated payments.
Capital
Gains Planning
Use strategies such as tax-loss harvesting or installment sales to manage capital gains taxes.
Plan for
State and Local Taxes:
Consider multi-state tax implications and local tax credits
Stay Compliant with Changing Tax Laws:
Proactive reviews ensure your strategies remain effective as tax laws evolve.
Frequently Asked Questions
What is tax planning and why is it important?
Tax planning helps minimize tax liability through smart strategies and year-round financial planning.
Do you provide tax planning in Aurora?
Yes, we assist Aurora businesses and individuals with personalized tax planning strategies.
Can tax planning save me money?
Yes, effective planning helps maximize deductions, reduce taxable income, and improve cash flow.
Do you offer tax planning for small businesses?
Absolutely. We create tailored tax strategies for startups, small businesses, and growing companies.
How often should tax planning be done?
Ideally, tax planning should be ongoing throughout the year, not just at tax season.