There is no secret as to why wealthy individuals often pay the least amount in taxes in proportion to their income. Tax planning is an essential part of wealth accumulation and sustainability.
The purpose of tax planning is to ensure tax efficiency through the implementation of strategic analyses and strategies aimed to reduce your tax liability.
Fola Financial’s quarterly tax planning package includes:
- Detailed financial position analysis
- Tax credits and deductions assessment
- Estimated federal tax liability calculations
- Estimated state & local tax liability calculations
- Small business tax planning
- Tax reduction strategy consultation
- Discounted year-end tax preparation services