Tax Projections & Planning
We are at our best when we can be proactive with our clients. Our ideal schedule is to have one tax planning session in June-July and a second in November-December. The mid-year review allows us to dig into the results of the first half of the year and to project out what taxes will look like on the annual basis. It’s at this point in time where we make recommendations on adjusting payroll to owners and possibly altering the estimated tax payment schedule. We also discuss what the rest of the year has in store including future equipment purchases, personnel changes and possibly penetrating new markets or lines of service. We will come up with a couple tax scenarios based on second half performance so you have a target to shoot for. We want to make sure we are working towards your business goals while minimizing taxes wherever possible.
The year-end review allows us to tell you with more certainty what your tax situation for the year is looking like. We make recommendations on speeding up or slowing down income depending on tax brackets between the two years. We take a deeper look at retirement contributions, equipment purchases and can tell you the effective tax savings on these types of deductions. Everyone’s tax situation is unique as one taxpayer may not benefit from paying their property taxes, while another may see a 50% tax savings on their real estate tax payment. Knowing exactly where you stand tax-wise allows you to make cash-flow decisions with certainty. It also allows you to start looking ahead to the next year without worrying about the prior year taxes still outstanding.
"Dave continuously exceeds our expectations on level of knowledge, professionalism, and responsiveness. As a startup we have limited resources to tackle, what seems like unlimited tasks, Dave has been instrumental being a team member to help take us to the next level. Without question, I’d recommend Dave to anyone within my network; overall he’s a great guy and pleasure to work with."
"I’ve been working with David to serve our mutual clients for several years now. As a corporate, securities, and tax attorney, it’s critical that my clients have skilled, diligent, and personable tax advisors and CPAs, not only skilled and knowledgeable with tax matters, but also business matters. David has consistently provided practical, cutting edge advice regarding both general and complex tax and business matters. He is a pleasure to work with and I highly recommend him and his team for your professional tax services."
"David is an experienced professional who has consistently gone above and beyond to meet our needs. Being a startup, it’s hard to find business service providers that are can move fast and be flexibly. David is there when we need him and always delivers. He has been a pleasure to work with and we highly recommend him to meet your accounting and tax prep needs."
508 W 12th Street
Austin, TX 78701