Tax Planning Resources

Resources & FAQ

Educational content for high earners and business owners ready to move beyond filing into structured tax strategy.

FAQ

Common Tax Planning Questions

What's the difference between tax preparation and tax planning?

Tax preparation = Filing your return after the year ends, reporting what already happened.
Tax planning = Year-round strategy to minimize your tax burden before it's set in stone.

Who needs tax planning vs just tax filing?

If you earn $100K+ (W-2) or your business produces $60K+ in profit, you likely have opportunities that basic filing won't uncover. Signs you need planning: increasing tax bills, business growth, multiple income streams, or major life changes.

Should I be an LLC or S-Corp?

It depends on your profit level and situation. Generally:

  • Under $40K profit → Stay an LLC (S-Corp costs may outweigh savings)
  • $60K-$100K+ profit → S-Corp election often makes sense for self-employment tax savings
  • The right answer requires analyzing your specific numbers.

How do I reduce self-employment tax?

Common strategies include:

  • S-Corp election with reasonable salary split
  • Retirement account contributions (SEP-IRA, Solo 401k)
  • Health insurance deduction
  • Proper business deduction tracking

When should I start tax planning?

The best time is before the tax year ends—ideally Q1-Q3. Once December 31 passes, most planning options close. However, some strategies (retirement contributions, entity elections) can still be implemented early in the following year.

What can I expect from a strategy call?

  • Review of your current income, business structure, and tax situation
  • Identification of potential strategy opportunities
  • Discussion of whether we're a good fit to work together
  • No pressure—just clarity on your options

Do you provide tax preparation (filing) services?

Yes. Tax preparation is available as a separate service. However, our primary focus is tax planning—year-round planning that reduces your tax burden. Many clients work with us for both planning and filing.

Downloads

Practical Tools

Tax Prep Checklist

Get organized before your filing appointment with our comprehensive checklist of documents and information.

Download PDF

Budget Blueprint Program

Learn about our 6-week budget coaching program designed to help you take control of your cash flow.

Download PDF

Ready for Strategy Specific to You?

These resources provide general education. For personalized planning, book a strategy call.

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