There are so many things in your life that are unique to you and your family. The way that you go about your day to day life is different from the way other families operate. The foods that you eat routinely differ from family to family. The décor in your home suits your individual taste. In a world where everyone is different, it makes sense that the tax plan for your family is different from the family that lives next door to you. Here at Mark Dicus & Company we offer tax planning services. Many people do not think that they need a plan for their taxes. We feel like if you knew more about what tax planning is that you would want to take advantage of this extremely beneficial service. Today we want to take some time to fully explain this service and how you can benefit from it.
Features of Tax Planning
First let’s talk about what tax planning is. Tax planning is an analysis of a financial situation or plan from a tax perspective. When we work on a tax plan with you our end goal is to ensure that you are being as efficient as possible with your taxes. We look at all the different aspects of your finances and help you get the best tax advantages available to you. We can help you reduce your tax liability and maximize your ability to contribute to retirement plans so that you can secure your financial future.
The first step in tax planning is understanding what tax bracket you are in. The tax bracket system that we have in the United States is not one that many people fully understand. We have a progressive tax system that can be hard to comprehend. Mark Dicus & Company can help explain the brackets to you and show you where you fit into the system. Once you know your tax bracket you will be able to plan effectively.
Tax Deductions & Credits
Next up is to know what tax deductions and tax credits you are eligible to take advantage of. Knowing the different between tax deductions and tax credits can be confusing. First we will help you understand the difference between these two terms. Then we will set you up to take full advantage of as many tax deductions and tax credits as possible. Frequently small changes in your finances can make a large difference for you and your family.
Retirement Tax Planning Advisor
Mark Dicus & Company can help you set yourself up for retirement in the most advantageous way possible. We can discuss your retirement contributions with you and set up the best options for retirement contributions for your needs.
Tax Planning, Preparation, Filing & More in Walnut Creek, Daly City, San Mateo, Palo Alto, Mountain View, San Jose, Pleasanton & Greater San Francisco, California
By the time we have gone over all of these different areas you will have a thorough tax plan that you understand and can implement. As your situation changes you will need to adjust your tax plan to fit your new financial situation. Call Mark Dicus & Company to get your tax planning meeting scheduled.