Tax Planning
There are three main tax planning components to the service we offer at First Financial Advisors LC.
Tax Planning
Tax Preparation
Tax Sensitive Portfolio Management
Tax Planning
Our tax planning service begins with an initial consultation to determine your exact needs and identify potential tax strategies. Tax planning is a legal process of maximizing tax benefits and minimizing tax liabilities in an efficient manner. Tax rules can be complicated and very frustrating whether you are a single individual or a large business. During our initial consultation, we will discuss the following:
- Understanding your tax situation and what is most important to you
- Understanding the difference between tax deductions and tax credits
- When to take the standard deduction or to itemize deductions
- Recognizing tax strategies that impact important areas of your life
- Ongoing tax management expectation – Just like the world around us, tax rules and laws are changing or being implemented. It is critical to stay up-to-date with current tax changes that will best benefit you.
Tax-Sensitive Portfolio Management
Portfolio management is more than investing your money. Employing tax-sensitive strategies is a thorough way for us to make portfolio decisions with your best interest in mind. We utilize three tax-sensitive strategies to help you with your overall portfolio. These include but not limited to:
- Tax-loss harvesting
- Managing capital gains
- Investing in municipal securities
As we analyze your financial goals and learn about what is important to you, tax planning strategies like these are critical in helping you reach your goals.
Tax Preparation
Online tax software will never replace the real-world experience of a local tax professional. Using technology to do it yourself may seem cheaper, it could cost you more in the long run between mishandled deductions, miscalculations, and even IRS problems. Although we do not prepare taxes ourselves, we have partnered with Emily Ryan Tax Services LLC to provide you best-in-class tax preparation and to answer your most complex tax questions. It is our approach to provide you access to a specialized expert regarding tax preparation services in an affordable, accurate, and personalized way.
For more information on Emily Ryan Tax Services please see below or visit their website by clicking here.
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
Tax preparation services are referred to Emily Ryan Tax Services who is not affiliated with First Financial Advisors LC
Choosing a partner with uncompromising integrity to oversee your accounting functions is essential when running a small business. Discover why so many business owners in the Orem, UT area trust an accounting firm that’s part of their community, Emily Ryan Tax Services LLC. We have a stellar reputation for providing quality accounting services and money-saving tax strategies coupled with unparalleled customer support.
To us, clients truly come first. We are committed to helping every client succeed so we work alongside you throughout each stage of your business from inception to maturity. Together, we’ll negotiate the path to reach your financial and business goals. We also offer prompt and accurate income tax preparation for business owners and individuals.
Find out how we can team up to build your business and your personal wealth. Request your free consultation through our website or call 801-375-7515 and get started now.
Core Values Emily Ryan Tax Services
Integrity in Every Aspect of our Work
We will be entirely honest, truthful and authentic in all documents, filings, information flow and personal communications. We expect all team members to live by the motto: Always do the right thing!
Lifetime Client Associations
We expect to earn each client’s trust and business over and over again for the life of the business. We do this by meeting and exceeding client expectations, and by maintaining genuine and positive personal relationships. Our work will always be accurate and timely and we stand by everything we do. Documents and filings will always be on time when we have all required information from the client..
Personal Touch
Much work can be accomplished electronically, but we also believe in frequent face-to-face consultation. Our office is always open to clients. The owner and team members also visit clients in their offices as needed.
Quality of Life for All Team Members
Our firm supports team members and their families in their quality of life choices. We are entirely committed to our clients while at work; we dedicate evenings and weekends to individual and family priorities. We promote personal and family stability with competitive compensation. We respect, support and are loyal to each other. We believe that excellent client relationships are a direct reflection of team members’ strong positive feelings for each other and for their work.
For more information on Emily Ryan Tax Services please click here for more information.
