Clients and nonclients alike routinely ask us how they can lower their taxes. Obviously, there are many different answers depending on the taxpayer’s circumstances. In virtually any case, however, the way to lower taxes is to do a better job of planning. After the fact, the tax law and the facts and circumstances will pretty much dictate the amount of tax to be paid. But most transactions can be planned and structured ahead of time to yield better tax answers, both in terms of amounts that will eventually be owed and the timing of when those amounts will come due.

Planning should be a part of every business’ life cycle. Planning concepts are also just as important on the individual side as they relate to personal investments and to the individual’s relationship with various pass-through entities. We are available to assist you in forming a new entity, determining what type of entity to choose for your business, choosing methods of accounting, adopting an employee benefit plan or a retirement plan, purchasing or selling a business, executing nontaxable exchanges, minimizing taxable income, planning for your children’s education or your retirement, planning estate and gift matters, and many other areas.

We are frequently involved with our clients in representation before the IRS and state tax authorities. We perform cost segregation studies to help our clients maximize current depreciation write-offs, and we assist with international taxation matters. Every client’s circumstances are different, and needs change on a continuing basis. We can help our clients make the most of their opportunities to plan and reduce taxes by frequent and continuing communication.

We have access to the most current information available regarding tax law changes, court decisions, and other pronouncements through our on-line research services. This enables us to advise you on a proactive basis so you can take advantage of every opportunity for tax savings available.

But keep in mind that planning is very difficult to implement after the fact. It must be an ongoing effort in your business and financial life.