What a taxing thought!

For many people income tax represents one of the largest expenditures of the year and planning that expenditure often deserves special attention.

Income tax planning should be driven by overall financial planning objectives and is not an end in itself.

Income tax projections are normally necessary to determine cash flow available to fund the objectives established through the financial planning process.

Income tax planning not only affects our annual cash flow but is a key consideration with Investment planning, Retirement planning, and Estate planning.

Tax planning is an ongoing process and very few individuals are equipped with the knowledge required to fully take advantage of all of the strategies and tactics available to reduce, defer or legitimately avoid taxes.

This is an area where taxpayers can benefit enormously by working with a financial team dedicated to optimizing the money kept both today and in the future as well as the money that beneficiaries will ultimately receive from estates.