Clear Plans for Real Lives / Tax Strategies
Tax Strategies
We are not CPAs, but we work closely with your qualified tax professional.
We help identify strategies in the hope they can help reduce your tax bill. Senior Partner Mike Milam takes a bird’s eye view of how all the different parts of your financial life are moving together, to see how one might offset another, searching for new ideas to suggest to your CPA. Mike co-founded a CPA firm that now employs more than 50 tax professionals nationwide.
For younger self-employed entrepreneurs, tax planning may include opening a SEP IRA or Solo 401(k) to begin saving for retirement. Contributions may be tax deductible, & the money can grow tax deferred until withdrawal. Distributions are generally taxed as income, but you may be in a lower tax bracket later in life.
Clients should consult their tax advisor about their individual circumstances.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
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