HOW TO REDUCE YOUR TAX LIABILITY THROUGH TAX PLANNING

Planning is key to successfully and legally reducing your tax liability. To achieve this one must go beyond tax compliance and proactively implement tax saving strategies to maximize your after-tax income.At Hillcrest Professionals, a firm of Accountants and Financial Advisors, it is a priority to enhance mastery of the current tax law, complex tax code, and new tax regulations by attendance at frequent tax seminars.

Businesses and individuals may pay the lowest amount of taxes allowable by law through expert assistance in continually looking for ways to minimize  taxes throughout the year, not just at the end of the year.

Hillcrest Professionals recommend Tax Saving Strategies that help you...

• grow and preserve assets by keeping Uncle Sam out of your pockets.
  
  
• defer income so you can keep your money now and pay less taxes later.
  
  
• reduce taxes on your income so you keep more of what you make.
  
  
• reduce taxes on your estate so your family keeps more of what you've made.
  
  
• reduce taxes on your gifts so you can give more.
  
  
• reduce taxes on your investments so you can grow your wealth faster.
  
  
• reduce taxes on your retirement distributions so you can retire in style.

Here's just a few of the Tax Saving Strategies ...

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  
  
• Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  
  
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  
  
• Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  
  
• Finding tax deductions by structuring your money to pay for things you enjoy, such as a buying a new home by mortgage.

Remember, you can reduce your personal and company tax liability through careful planning and legitimate tax strategies.

For free Consultation on Tax planning, call 08039286522 or email hillcrestpro@gmail.com