Can tax planning really reduce what you owe? Something many taxpayers find confusing is the differences between tax planning\u202fand\u202ftax preparation. What\u2019s the point of tax planning? Won\u2019t you owe the same amount no matter what? Let’s take a look.<\/p>\n
Tax Planning<\/strong><\/p>\n Tax planning is making shifts in a taxpayer\u2019s financial and business situation to minimize their tax burden both in the short term and over time.\u202f This often requires working in advance, before the end of the year to identify and evaluate solutions and implement them.<\/p>\n Tax Preparation<\/strong><\/p>\n Tax preparation, on the other hand, is recording the history of what actually occurred for the previous year. We\u202fcan\u2019t rewrite that history; we can only determine what a taxpayer does or does not qualify for.\u202f Since planning relies on making shifts to take advantage of tax breaks, it becomes impossible to do after the fact.<\/p>\n How We Can Help<\/strong><\/p>\n True planning looks at both current and subsequent tax years in addition to keeping an eye on the future with ongoing frequent discussions with clients throughout the year about their goals and wealth accumulation.\u202f It generally includes combinations of several strategies to achieve optimal tax minimization.<\/p>\n Our team specializes in tax planning and the optimization of your tax-saving goals.\u202f To utilize one of the best services we offer, contact us at (402) 932-8815.<\/p>\n Sincerely,<\/p>\n W.E. Stevens PC<\/p>\n","protected":false},"excerpt":{"rendered":" Can tax planning really reduce what you owe? Something many taxpayers find confusing is the differences between tax planning\u202fand\u202ftax preparation. What\u2019s the point of tax planning? Won\u2019t you owe the same amount no matter what? Let’s take a<\/p>\n","protected":false},"author":2,"featured_media":558,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[12,13],"tags":[],"_links":{"self":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/557"}],"collection":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/comments?post=557"}],"version-history":[{"count":1,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/557\/revisions"}],"predecessor-version":[{"id":559,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/posts\/557\/revisions\/559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/media\/558"}],"wp:attachment":[{"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/media?parent=557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/categories?post=557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westevens.com\/blog\/wp-json\/wp\/v2\/tags?post=557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}