Why is Tax Planning Important?
We can’t always predict what tax rates will be – but we can strive to reduce our taxable income and strategically position assets within accounts with defined tax outcomes. We can handle all your annual tax needs with our in-house tax preparation services and investment team that works on tax diversification strategies that allow for an optimal blend of deductions and investment decisions designed to keep taxable income low today and reap the benefits tomorrow.
Envision a retirement paying zero in taxes – it’s absolutely possible, if you implement a tax strategy now.
What Are the Benefits of Tax Planning?
- Reducing taxable income, keeping more funds invested for longer, accelerating your portfolio's growth.
- Strategically capitalize on losing positions during the portfolio rebalancing process via tax-loss harvesting.
- Tax return reduction - getting a return means you paid too much over the year, losing valuable investment time.
- Careful balance of post and pre-tax investments for an optimal withdrawal strategy and improved long run planning.
- With the sunset of TCJA at the end of 2025, a tax strategy can help you reduce your estate below the new exemption threshold.
- Pinpoint the ideal times for Roth conversions to take advantage of low tax rates and market returns for improved tax-free, long-term growth.
By anticipating future changes and adapting strategies accordingly, we help you not only safeguard your wealth but also seize opportunities for tax efficiency. This proactive approach means staying ahead of the tax curve, ensuring that every fiscal decision supports your long-term financial objectives. With our continuous monitoring and timely advice, you’re always in a position to make the most informed and strategic tax decisions.
What does our process look like?
Initial Meeting
We conduct a thorough review of your financial history, current tax status, and future goals.
Plan Creation
We craft a robust tax strategy with the right mix of tax-deferred and tax-exempt investments.
Integration of Your Plan
We continually monitor the regulatory environment and your financial situation, making adjustments as necessary.
Keep More of Your Money in Your Pocket with a Gasima Advisor
A CPA will help you maximize your deductions on a yearly basis – but will they look forward decades to determine the optimal deduction strategy for you now? Sometimes its better to pay more taxes now to pay a lot less later – if any. A Gasima financial advisor can help integrate your short-term and long-term tax plan into your investment and estate planning strategies with end-to-end, in house solutions.
- Comprehensive Tax Review: Beyond basic filing, our tax prep considers the tax impact across your financial landscape, optimizing tax efficiency while supporting your larger financial goals.
- Strategic Tax-Loss Harvesting: For taxable investment accounts, we strategically manage underperforming assets to help offset capital gains, reducing your tax liability while keeping your investment goals on track.
- Maximize Deductions and Credits: We identify opportunities to apply relevant deductions and credits that align with your unique financial profile, helping reduce your tax bill wherever possible.
- Tax Bracket Management: We help manage your income to avoid higher tax brackets, using strategies like retirement contributions and asset sales timing to optimize your tax position.
- Future-Focused Preparation: By anticipating changes in tax laws and financial trends, we position you for sustainable growth and tax efficiency in the years ahead.