Tax Planning & Financial Guidance
Tax Planning & Financial Guidance
Historically, tax professionals only provide tax and accounting services and rarely offer to help their clients make personal life decisions or build their businesses. This is where GEI is different from any other firm. For the past 4 decades, we have put a great deal of extra effort into educating our clients in order to ensure that they have ample resources to make financially-intelligent decisions for themselves, their businesses, and their families.
Thom’s diverse background enables him to offer insight into our clients’ most important decisions, taking into account financial wisdom and tax provisions as well as quality of life and ethical matters.
At GEI, we know that the key to minimizing your tax liabilities is proactive and diligent tax planning. We make tax-planning a part of our clients’ ongoing financial strategy. We believe that taxes are not just something we do at year’s end, but also something that should be kept at the forefront all year round. It is our goal and expectation that our clients’ handling of their own tax and financial lives will improve on an annual basis as a direct result of our services.
We put your business and personal needs first in offering you practical, proactive, and innovative solutions to tax planning. We work year-round to ensure that our clients take full advantage of the tax incentives applicable to their unique situations.
GEI works directly with you to implement financial strategies that ensure your business operates in an efficient and advantageous manner. We are experts who understand the tax implications of your financial transactions, and we help you manage your business in a tax-efficient manner.
We consider many tax-cutting strategies for our clients, including:
- Splitting income among several different family members or legal entities
- Shifting income each year so that it is taxed at a lower rate
- Shifting deductions each year to ensure the greatest benefit
- Deferring liability through investments and pension plan contributions
- Choosing the business entity that will be most efficient in terms of income and FICA taxes
- Growing and preserving your personal and business assets
In addition, we discuss with our clients tax forecasts based on contemplated actions, such as the following:
- Real estate sales (1031 exchanges) and purchase considerations
- Divorce consequences
- Retirement tax consequences
- Business acquisitions and dispositions
- Major purchases and sales
- Lease arrangements
- Income shifting and splitting
- Tax-favored investing
- Non-taxable income development
- Tax advantages of rental properties
- Homeowner tax advantages
Finally, we help our clients avoid audits by keeping you aware of IRS problem areas.
