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Tax Planning

Efficient Tax Planning Services in Palm Springs

business team working with documents in officeNearly all businesses and individuals are obligated to file taxes at the federal and state levels. At Hill & Associates, Inc., we believe that effective reporting is always the result of proper planning. Our esteemed enrolled agent provides personalized, efficient tax planning to help you reach your personal and business goals.

We offer short and long term planning to maximize your after-tax cash flow and create a tailored and viable approach that addresses your issues and concerns. If you are looking to achieve financial savings next year, let us help you start planning now. We proudly serve our Palm Springs community and nearby cities. Get in touch with us today and schedule your free initial consultation.

Call Us: (760) 323-3586 Book a Consultation

What is Tax Planning?

Tax planning is more than just keeping track of your expenses and income and saving your receipts. Proper planning can minimize, defer, or eliminate the amount due. Hill & Associates, Inc. can help you do all this and more. Our team has an in-depth understanding of the consequences of your decisions and we are always up-to-date with changing laws and regulations. With the use of smart strategies and guidance about when to take action, we can help you keep as much of your hard-earned money as possible.

How We Help Individuals

man working with tax specialistWe believe that planning is key to legally reducing your tax liability. Not only will our team of experts ensure your tax compliance, we will proactively recommend tax saving strategies to maximize your after-tax income.

Our team can help you build a plan that can assist you in maximizing your savings. This strategy may involve retirement income and estate planning, which can impact your taxes. We will also assist you in building a thorough understanding of your options beforehand, so you can make informed decisions to protect your wealth.

Benefits of Individual Tax Planning

Tax planning is invaluable to your personal financial affairs. With tax laws and regulations changing almost every year, dealing with the IRS seems to become more complex with time. In addition to lowering your tax bill, strategic tax planning provides you with estate planning advantages and can potentially boost your savings. It plays a vital role in preserving your wealth, providing an income, and generating financial growth. The numerous advantages of tax planning include:

  • Reducing your liability on investments and income year-round
  • The ability to defere expenses and income
  • Reducing estate tax liability
  • Minimizing gift taxes
  • Reducing tax liability on retirement income

How Our Services Help Businesses

business owner working with financial graph and calculatorTax planning is highly beneficial to your business. If you choose to work with us, we send you a tax organizer and preschedule an appointment with you to review your full accounting history. We strive to understand your business inside-out in terms of expenses, processes, and how you function. The tax organizer will keep you prepared and ready for tax time. After the organization phase is done, we will work with you to find deductions. These can be found in various areas, such as programs you participate in, large purchases, an expansion, or equipment that needs maintenance.

If you sell services or goods in a state with sales tax, you are required to collect them and pay them to the state. We recognize that sales tax can be a burden, and we are ready to handle all the details for you, so you can focus on your core business tasks. We can also help you with many of your payroll responsibilities, including payroll taxes. Our team can calculate amounts, make deposits, and find ways to ease your payroll tax burden.

Accurate Accounting Services to Support Tax Planning

At Hill & Associates, Inc., we provide you with accurate bookkeeping and accounting to support sound decision making and tax planning. Our team will assist in QuickBooks data entry and reviewing your past entries to ensure accuracy. We will grant you easy access to your reports and financial documents, giving you a full picture of your business.

Take Control of Your Future with Hill & Associates, Inc.

Whether you are a business owner or an individual, Hill & Associates, Inc. is your perfect choice when it comes to tax planning. Our enrolled agent knows all about the tax system and understands how to deal with the IRS. We make your peace of mind our mission and strive to help you successfully navigate your taxes. We proudly serve Palm Springs and the surrounding neighborhoods. Contact our friendly office for a free initial consultation today!

Call Us: (760) 323-3586 Book a Consultation


 

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