Tax Planning
Prepare for Future Tax Decisions
Tax planning helps individuals and business owners look ahead instead of waiting until the return is due.
Global Bash provides personalized remote planning focused on the client’s income, business activity, investments, filing history, and expected changes.
Why Planning Matters
Tax Planning Looks Ahead
Tax preparation reports activity that has already occurred. Tax planning focuses on upcoming income, expenses, estimated payments, business changes, investments, and filing obligations.
Planning may help clients avoid surprises, improve record preparation, and understand the tax effect of decisions before the filing deadline arrives.
Tax planning does not guarantee a lower tax bill or a specific result.
Who May Benefit
Tax Planning for Individuals and Businesses
- Self-employed professionals
- Small-business owners
- Real estate investors
- Clients with variable income
- Clients making estimated tax payments
- Clients expecting a major income change
- Clients moving between states
- Clients buying or selling business assets
- Clients preparing for retirement contributions
- Clients who owed more than expected in a prior year
Planning Topics
What a Tax Planning Review May Address
- Estimated tax payments
- Income and expense timing
- Business record organization
- Self-employment tax considerations
- Retirement contribution timing
- Business asset purchases
- Depreciation questions
- Rental-property activity
- Multi-state activity
- Year-end preparation
- Prior-year filing patterns
- Upcoming business or personal changes
Year-Round Perspective
Planning Is Most Useful Before Year-End
Some tax decisions cannot be changed after the year closes. Reviewing business activity, estimated payments, investments, and major transactions before year-end may provide more time to identify available options.
Clients should not wait until the tax return is being prepared to raise questions about a major transaction, business change, property sale, or relocation.
Remote Process
How Remote Tax Planning Works
- 01
Describe Your Situation
Provide a general overview of the planning concern, expected change, or tax question.
- 02
Review Relevant Information
Milana identifies the income, business, property, state, or filing information needed for the discussion.
- 03
Discuss Planning Considerations
Applicable considerations, deadlines, estimated payments, and preparation steps are reviewed.
- 04
Document Next Steps
The client receives a summary of records, payments, or follow-up items to address.
Important Boundaries
Tax Planning Is Not Legal or Investment Advice
Global Bash provides tax-preparation and tax-planning guidance within the confirmed scope of the practice.
Questions involving legal entity formation, contracts, liability protection, securities, investments, or estate planning should be reviewed with an appropriately licensed professional.
Frequently Asked Questions
Common Questions
When should I schedule tax planning?
Planning is often most useful before a major financial or business decision and before the end of the tax year. It may also be useful after filing if the prior return showed an unexpected balance due.
Can tax planning guarantee that I will owe less?
No. Tax planning cannot guarantee a lower tax bill. Its purpose is to identify applicable options, deadlines, estimated-payment needs, and possible tax consequences.
Is tax planning only for business owners?
No. Individuals with investments, rental property, variable income, multi-state activity, retirement decisions, or major life changes may also benefit.
Get Started
Plan Before the Next Filing Deadline
Discuss estimated payments, business changes, investments, real estate activity, or other upcoming tax considerations.