TAX PLANNING AND PREPARATION
Tax Savings Starts With Proper Tax Planning
We encourage our clients to discuss with us, during the year, the business and personal tax strategies to put into place that will result in minimizing tax liabilities the following year(s). There are many strategies that will help to reduce taxes, but waiting until April 15 (or your corporate year-end) is often too late.
- Recent tax law changes expanded and liberalized contributions to 401K, SEP, and IRA plans. Discover what opportunities are available to you to reduce taxable income while increasing your retirement savings.
- Planning for likely tax rate increases after 2010.
- Certain investments provide more favorable tax treatment than others. There are tax-deferred and tax-exempt investments that may make more sense than the investments you currently have.
- For business owners, Family Limited Partnerships, LLC's and Non-qualified Executive Benefit Plans are some of the tax planning strategies that can lead to lower income and estate taxes.
- Pros and cons of Traditional and Roth IRA's.
- The College 529 Plan - Fully exempt from federal income taxation.
Securities and advisory services offered through The Strategic Financial Alliance, Inc (SFA). California Ins. Lic. # 0C76004. David Levinson is a registered representative and investment advisor representative of SFA which is unaffiliated with David Levinson CPA & Associates.