Tax Planning Services

Tax Planning

Tax Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

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Tax Planning

With Plentybooks you get an experienced professional who provides you with the perspective needed to guide you through the tax process – both as it is and how it will change in the future – and help you devise a personal or business tax plan to get or keep you in the green.

  • Business income estimation
  • Personal income estimation
  • Expense determination
  • Business tax structure
  • Possible tax credit identification
  • Possible tax deduction identification
  • Devise the best tax strategy for your needs

What is Tax Planning?

We recommend Tax Saving Strategies that help you…

        • Grow and preserve assets by keeping the IRS out of your pockets.
        • Defer income so you can keep your money now and pay less taxes later.
        • Reduce taxes on your income so you keep more of what you make.
        • Reduce taxes on your estate so your family keeps more of what you’ve made.
        • Reduce taxes on your gifts so you can give more.
        • Reduce taxes on your investments so you can grow your wealth faster.
        • Reduce taxes on your retirement distributions so you can retire in style.
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Here’s a few of the Tax Saving Strategies we use…

      • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
      • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
      • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
      • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
      • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Remember, we work for you not for the IRS.
Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies!

Tax Planning vs Tax Preparation

Tax planning is a year-round process (as opposed to a seasonal event) and is a separate service from tax preparation. Both individuals and business owners can take advantage of tax planning services, which are typically performed by a professional with in-depth experience and knowledge of tax law.

Examples of tax planning include bunching expenses (e.g., medical) to maximize deductions, how to use tax-loss harvesting to offset investment gains, increasing retirement plan contributions to defer income, and best timing for capital expenditures to reap the tax benefits. Good record keeping is also an important part of tax planning and makes it easier to pay quarterly estimated taxes, for example, or prepare tax returns the following year.

Tax planning is something that most taxpayers do not take advantage of – but should – because it can help minimize their tax liability on next year’s tax return by planning ahead. While it may mean spending more time with us, your accountant, say quarterly or even monthly, the tax benefit is usually worth it. By reviewing past returns an accountant will have a more clear picture of what can be done this year to save money on next year’s tax return.

Tax Planning Pricing

No Cost Tax Savings Discovery

Our process begins with a free tax savings discovery. With only minimal involvement from you, we’ll review your current tax situation. We will then let you know if we have discovered any potential tax savings. We will go over the findings and a strategy to realize those potential tax savings and go over the costs to plan and implement the strategy (the costs will typically range from $500 to $10,000 and really depends on the scope and amount of the work). Our costs will only ever be a fraction of the potential tax savings you will receive.

Our goal is to provide MASSIVE value to you while alleviating pressure on execution and delivery. 

Schedule a Tax Planning Discovery Meeting

Add our tax prep services and get your taxes filed too

All our tax plans cover unlimited tax filings, investments, rental income, itemized deductions, and quarterly estimates.
(Prices shown below are just the fees for preparing and filing taxes and don’t include our other services)

Sole Prop Filing

For filing personal returns and Schedule C.
$450 per annual filing

Business Filing

For filing partnership, S-Corp and C-Corp returns.
$750 per annual filing

Sole Prop Filing

For Schedule C, personal, and business returns.
$1170 per annual filing

Try our service risk-free

We never recommend our services if we are not the best solution for you.
Try Plentybooks risk-free, if you aren’t 100% satisfied, we will give you a full refund.

Custom Pricing

If you own more than one business, you'll receive a customized monthly or annual subscription.

Scalable Plans

We review your plan annually to make sure we have you covered as your needs change.

Cancel Any Time

We never lock you in, even if you prepay annually. We also make it easy to transfer your data out.

Responsive Support

Every plan includes a dedicated team of bookkeeping experts who work in-house.
We do not contract out any work overseas.

Catch-Up Bookkeeping

Behind on your books? We specialize in helping businesses get caught up on their books and any un-filed tax returns.

Effortless Data Transfer

Our services sync with most major banks and leading payment platforms to gather your financial data.

Frequently Asked Questions

No, there is no fee for an initial meeting.

No, Plentybooks does not hold custody over client assets.

Most people, throughout their lives, accumulate a substantial amount of assets that they own. Upon their death, these assets change title and are passed on to their heirs. Based on current estate tax laws, this transfer of assets is considered a taxable transaction.