Tax planning: keep priorities in focus to ensure success

“When a CPA simply files your tax return and doesn’t provide strategic tax planning or advice, you may not be getting your money’s worth.” – Forbes

I couldn’t agree more. Unfortunately, far too often our priorities get buried in the pace of business today. Financial planning is muddled, tax planning opportunities are missed, and tax return filing becomes a hassle. It doesn’t have to be that way!

Follow these four simple principles to keep priorities in perspective in focus and ensure your success:

1) Financial planning should always be the first driving force of personal and business financial transactions. Plan first; take action later.

2) Tax planning is an important part of overall financial planning. Recognize that effective tax planning contributes a significant portion of your accumulated net wealth over the long term.

3) Solid record-keeping is the essential management tool to ensure success. Today’s software now makes this easy and inexpensive.

4)  The tax return is an easy and natural part of the record-keeping process. The tax return is a management report produced by well designed accounting software with little extra effort.

If you’ve been feeling “stuck” in your tax and financial planning, you are not alone.

I invite you to open a discussion, without obligation, on what it would take to get back on track toward your financial success.


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