As tax planner, you have frequent conversations with clients about possible tax strategies and strive to provide reliable advice in response to their questions. At what point do you begin to document that advice in writing? If the answer is “never,” we have trouble brewing. If the answer is more like “as soon as I […]
Put It All in Writing: Don’t Skip This Tax Planning Best Practice Read More »
By Marlon Stepp Despite all the gloom and doom predictions for commercial real estate, two-thirds of the world’s total building area today will still exist in 2040. Buildings generate nearly 40% of annual global CO2 emissions. Without widespread building decarbonization across the globe, these buildings will still be increasing CO2 emissions in 2040, and we will not achieve
If step one in the tax planning process is formulating a tax strategy, step two is often overlooked but equally important: creating an implementation plan. What steps do you need to take to set your strategy into motion? Are there any complex parts of your strategy that will require you to work with outside vendors,
How Can Income Shifting Help Lower Your Taxes? Read More »
Any sophisticated tax strategy needs at least one thing to be successful: an implementation plan. While you may have a clear vision in mind for how things will unfold, if the taxpayer isn’t on the same page as you, the strategy will fall flat. Part of how you can contribute your expertise is by emphasizing
Tax Implementation Guides: Income Shifting as a Tax Strategy Read More »
When you work with a tax planner to create a proactive tax strategy, deciding on your strategy is just the beginning of the journey. Even the best plan won’t translate to savings without an implementation strategy. One of the benefits of working with a Certified Tax Planner is that they can help you create a
Creating a New Business Entity Could Lower Your Taxes… But How Do You Do That? Read More »
Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation strategy. If you use a tax planning software solution like Tru Tax Planner, you will have access to ready-made implementation guides for even complicated tax strategies. One often-used strategy that
Tax Implementation Guides: Forming a New Entity Read More »