Tax Planning
Our job is to see that you pay no more tax than the law requires.
We monitor the changes in the tax law that could affect you and recommend tax-saving strategies. We will prepare all your tax returns and advocate for all tax matters.
Reliable Tax Support
If you are contacted by any government agency concerning your tax matters, your first call should be to us. We will take care of it so you can get on with your business. There is a certain mystique that has grown up around tax planning and tax-cutting techniques. We are here to put tax planning in plain English for you.
Sound Tax Reduction Strategies
- There are several basic tax-cutting strategies, and most plans involve one or a combination. In a nutshell, the strategies are:
- Splitting income among several family members or legal entities to get more income taxed in lower brackets
- Shifting income from one year to another to have it fall where it will be taxed at the lower rate
- Shifting deductions from one year to another to place them where the tax benefit will be greater
- Deferring tax liability through certain investment choices and pension plan contributions
- Structuring your affairs to obtain a tax deduction for some expenses paid for things you enjoy – a vacation home, for example
- Investing your money to produce income that is exempt from either federal or state income tax or both
- Call us for an appointment. We will discuss your financial and tax situation and determine how we can help you.
Tax Preparation
Today’s tax laws are so complicated that unless your financial affairs are straightforward, chances are you will benefit from at least occasional help from a tax professional. It is too easy to overlook deductions and credits you are entitled to if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.
We prepare hundreds of tax returns every year. We know what to look for when your return is prepared. More importantly, you will have someone to answer your questions during the rest of the year. And we can put you on our mailing list to receive timely tax, business, and financial advice.
Your Tax-Cutting Checklist
Whether you’re a wage earner, an investor, a business owner, or all three, you should use the tax-cutting benefits available in the tax law. There is little to be gained by paying more tax than the law demands.
Identify the tax savers for which you qualify. Here’s a tax-cutting checklist to get you started. Check the list to see if there are tax breaks that you are overlooking.
Contact our office at 615-893-7777 if you have questions or want more information on these and other strategies that could reduce your taxes. Please e-mail us at frontdesk@jobehastings.com to request our newsletter.
