Keel Tax Planning
Improve the role taxes play in your
finances
Crafting a sound tax plan is not simply about mitigating taxes in any given year, but about anticipating your or your business’s tax obligations today and into the future. When you work with Keel Financial Partners, we strive to bring clarity around what, when, and how items need to be paid, plus help develop and execute your specific tax planning strategies.
Benefits of tax planning strategies
We get it. Dealing with taxes is overwhelming. But most people have more control over their taxes, especially in retirement, than they think. You may even decide the process was a little fun (ha!).
Manage tax burden today and in the future
Mitigate unnecessary taxes
Navigate stock award/stock options/ESPP
Deploy tax loss harvesting strategies
Works in synergy with your overall financial plan
Why tax planning strategies are important for your financial plan
A lack of proper tax planning strategies can result in missed opportunities and lead to unanticipated tax liabilities, high marginal tax rates, high retirement tax rates, and more. As part of your financial plan, we’ll identify strategies to help you mitigate, delay, reduce, or plan for taxes.
This in-depth planning approach seeks to create tax efficiency not only in the current year but throughout your lifetime. We’ll even coordinate with your CPA to ensure everyone is on the same page. Our goal is to craft a strategy that encompasses your needs, income sources, and an ever-changing tax environment.
FAQs on tax planning strategies
Doesn’t my tax accountant or CPA provide tax planning strategies?
While some accountants are proactive and provide strategic advice in anticipation of potential tax pitfalls or how to help potentially maximize tax deductions, etc. Keel will collaborate with your CPA to make sure we’re all on the same page and working in your best interests. The tax planning strategies we provide are not intended to be a substitute for individualized tax advice. We suggest that you discuss your specific tax situation with a CPA or qualified tax advisor.
How will tax rates impact my financial future?
This is a great question and hard to answer as nobody knows exactly what changes will occur in the tax code during our lifetimes. One thing is for certain – changes will occur. We stay on top of the changing tax environment and constantly evaluate how taxes will affect your plan.
How does my tax bracket affect my returns?
In general, the higher the tax bracket you’re in, the less you get to keep from investments and income sources. As such, we utilize tax-efficient investment and other planning strategies to help mitigate the adverse impact taxes will have on your returns. Please remember that no strategy assures success and all investing involves risk.
Taxed with questions?
You have questions, and we’ve got answers. Contact us about your tax planning strategy goals.
