Tax Planning And Strategy

Tax Planning in Miami

Many clients ask us, “What is tax planning? Isn’t that part of the tax preparation process you already perform?” The straightforward response is no, not exactly. Tax preparation involves working with information based on your last year’s tax return, reflecting events that have already occurred.

Tax Planning is a service that requires a proactive approach by building a strategy for the future, aiming to minimize your tax liability in the upcoming tax season. This process involves analyzing various financial elements, such as income, expenses, investments, and deductions.

The planning process you can expect when you hire Greenlight Financial to develop a tax strategy for you or your business begins with a thorough examination of your present financial standing, including anticipated business revenue or income. We will leverage the existing tax code and our team will construct a strategy that is both compliant and effective, aiming to minimize your tax liability and maximize your profits or retained income.

Some key aspects that will be considered in the planning process are:

• Income Management
• Deduction and Credit Optimization
• Investment Planning
• Estate Planning
• Business Planning
• Retirement Planning