Tax Planning: Take the Long-Term View

Over the last few months, there has been a lot of discussion of the “fiscal cliff,” and the significant tax increases that many Americans can expect if no agreement on expiring tax provisions is reached by year-end. No matter what decisions are made, it’s fairly certain that many of them will be short-term fixes and that more tax law changes are looming in our future. That’s why this is a great time to engage in tax planning that will minimize the impact of any potential future tax changes. Be sure to contact us to discuss not only your current tax return but also the best ways to reduce your tax burden in the future.

Is Your Will up to Date?

When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when it’s time to create or update your will.

We recommend that you revisit your will every time you experience a major life event, such as marriage, the birth of a child, retirement or other significant milestones. Even if there is no meaningful change in your life, it’s smart to review the document every couple of years to ensure it still addresses all your estate concerns and reflects your wishes. Changes in the value of your investments—such as a stock portfolio or real estate—may also require adjustments in your estate plans.

Reviewing your will may raise questions about various areas of your financial life, including your retirement or estate planning, college savings or other financial concerns. Be sure to turn to us for the perspective and advice you need to make the best choices regarding all your financial concerns.

Let Us Help You Leverage What You can Learn from Your Tax Return

What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial habits. If you have questions about your financial situation, remember that we can help. Our firm is made up of highly qualified and educated professionals who work with clients like you all year long, serving as trusted business advisors. So whether you are concerned about budgeting; saving for college, retirement or another goal; understanding your investments; cutting your tax bite; starting a business; or managing your debt, you can turn to us for objective answers to all your tax and financial questions.

We Can Help You Address the Issues that Keep You Up at Night

Where will your business be in five years? Would strategic budget cuts in some areas improve your company’s health? Are there ways you can boost revenue? If you’re nearing retirement, is there a buyer or successor in the wings? These are the kinds of questions that keep many business owners up at night. Fortunately, as your CPA, we can probably help you sleep a little easier. Our firm is made up of highly qualified and educated professionals who work with clients like you all year long, serving as trusted business advisers. We act as coaches, guides and trainers for our business clients, helping them chart the best route to success. So be sure to turn to us with all your business questions or concerns.

But Wait – There’s More!

We have just finished an important project for you. Our team drew on extensive knowledge and worked with precision to complete the engagement, and we want you to be pleased with its outcome. So, it’s important to remember that numbers are only part of the equation. As your trusted tax advisor, we strive to make sure those numbers have meaning to you.

We’re not saying the bottom line is unimportant, quite the contrary. It’s what we do with those numbers that demonstrates how a CPA relationship can be of value to you and your business. Our role as your CPA goes beyond providing you a commodity product. It’s also about helping you understand what those numbers mean. And what impact those numbers can and will have on you and your business—both now and in the future.

• What do the numbers mean to you and your business?

• How will those numbers affect you and your business over the next year?

• What changes can be made to positively impact future results?

As your CPA, we can offer insightful information that goes way beyond numbers, in terms that make sense to you and help you plan for the future.

Have Questions? We’re Here All Year!

Many clients see their CPAs at tax time, when the main focus is on completing and filing their tax return. As a result, they may not take the opportunity to ask questions about long-term tax planning or about other important financial concerns. The good news is that we are available to you all year. We have a full- time, year-round staff of experts with extensive expertise in a broad range of financial areas. We’re ready when you are to take some time reviewing your financial situation, helping you understand your options and make the best decisions. We’re also here in an emergency to help address unexpected financial concerns. So, give us a call to discuss your important financial issues whenever they arise.