For many people, tax-advantaged investing is an excellent way to tax liability. And while many of the traditional tax-advantaged strategies have been eliminated, there are still alternatives left that can help you reduce your taxes. The Capital Management Group are experts in “Tax deferral”. This strategy a method of postponing the payment of income tax on currently earned investment income until the investor withdraws funds from the account. Tax deferral is encouraged by the government to stimulate long-term saving and investment, especially for retirement. Only investment vehicles designated as “tax deferred,” such as IRAs, plans covering self-employed persons, and 401(k)s, allow taxes to be deferred. In addition, many insurance-related vehicles, such as deferred annuities and certain life insurance contracts, provide tax-deferred benefits. As apart of our planning process, we factor in taxes to every part of the plan. Through our attention to detail, we are able to develop the most accurate and strategic plans to accomplish your life’s financial goals.

SIMPLIFYING TAXES

Tax laws are complicated and perpetually moving targets. Creative Planning’s wealth management tax services team is here to make sense of these laws. We are focused on one thing: implementing strategies to reduce the impact of taxes on our clients wherever possible.
At Creative Planning, your team will leverage every opportunity to reduce taxes. That requires not only a deep knowledge of tax laws but also a comprehensive understanding of your financial life.

COHESIVE STRATEGIES

We will integrate our tax expertise into your wealth management and financial planning strategies. Our team of in-house certified public accountants (CPAs), wealth managers and attorneys works together to help your team maximize your after-tax returns. Our wealth management tax services include:

• Optimizing the management and allocation of assets between account types whenever possible, such as taxable, qualified or charitable accounts.
• Informing you of legal techniques available to reduce or eliminate death and estate taxes.
• Suggesting potential strategies to reduce income taxes.
• Consultation regarding closely held private stock, concentrated publicly traded stock positions, stock option programs and employee stock programs.
• Providing advice regarding real estate investments and transactions.
• Providing up-front pricing for tax return preparation and compliance work for clients who wish to utilize the full capabilities of our tax team.
• Providing resources and unique perspectives from our financial planning and tax experts.

Tax Strategy

Our strategic tax planning services are suited for self-employed individuals & successful business owners to maximize their bottom line, emphasizing after-tax returns. More comprehensive than traditional tax planning, it employs a deeper examination of you’re the relationship and planning between yourself, your business, and the fine print of federal, state, and local laws.
If traditional tax planning relies on a business x-ray, CMG’s strategic tax planning utilizes a 3-D MRI. Our process results in the clearest, most comprehensively detailed picture of you and your business. We take it one level further. the analyzed data will drive a unique, targeted, strategic tax plan that develop your most effective tax solutions.
We’ll gather and analyze information about your business including tax returns, financial statements, employee information, succession plans, and estate plans. Working alongside our team of financial advisors, tax professionals, and attorneys, we are able to provide you with the best plan with a team who understands your big-picture business story,
We’ll deliver a comprehensive report that outlines our findings and how they’ll potentially impact your business. We’ll recommend action steps to increase your tax efficiency, and we’ll cite and explain the legal support for them. With this report in hand, you can feel sure you have a professionally-structured approach to tax minimization.
Our work is performed in accordance with current tax authority, including the Internal Revenue Code, court decisions, revenue procedures, revenue rulings and Treasury regulations. Further, our analysis uses the standards set forth in the Cost Segregation Audit Techniques Guide utilized by the Internal Revenue Service.

Tax Preparation

Business & Personal SolutionsTax return preparation is something that millions of Americans must deal with every year. Come January 1st, those W-2s start trickling in, and then April 15th looms as the deadline before which everything must be done and submitted.
While many Americans opt to wade through the piles of paperwork themselves, others have decided that hiring someone to take care of their tax return preparation saves them time, headache, and money. That’s where we come in.
The Capital Tax Group prepares a wide variety of taxes including:

• Individuals
• Corporations
• Partnerships
• LLCs/LLPs
• Estates, Trusts & Gifts

We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success.
The Capital Tax Group is committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.
Taxes are mandated by law, but through proper planning and action you can control your tax destination. From compliance to planning, our professionals are here to help you with every aspect of your taxes, including:

• Tax Compliance and Reporting
• Planning

Tax Strategy
Retirement
Wealth Preservation & Transfer
Estate & Gift

• Consulting

Entity Structure
Reorganizations
Mergers & Acquisitions

• Tax Research
• IRS Audit Support

The professionals at The Capital Tax Group want to help you minimize your taxes and take advantage of special programs, incentives and other opportunities that arise from year to year. This involves proactive planning to determine the best tax strategies; tax compliance to avoid penalties; consulting services to reach your goals; research when complicated situations arise; and support when you must deal with IRS.
Legal Tax Strategies we consider include:

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower brackets.
• Shifting income from one year to another in order to have it fall where it will be taxed at the lower rate.
• Shifting deductions from one year to another to place them where the tax benefit will be greater.
• Deferring tax liability through certain investment choices and through pension plan contributions.
• Structuring your affairs to obtain a tax deduction for some expenses paid for things you enjoy – a vacation home, for example: Investing your money to produce income that is exempt from either federal or state income tax or both.

When approaching tax season, we encourage scheduling your tax return appointment as soon as possible. This is so we can set aside a date and time that is most preferable and convenient for you. In fact, you can schedule your appointment up to a year in advance. However, we can also fit you in at the last minute if space is available.