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Proactive Tax Planning




Your tax return tells you what happened. Tax planning gives you the opportunity to change what happens next.

Most tax professionals prepare returns after the year has ended, when there are few opportunities left to reduce your tax liability. At Alliance Financial & Income Tax, we work proactively with our clients throughout the year to identify tax-saving strategies before year-end—when thoughtful planning can have the greatest impact.

Most tax professionals prepare tax returns. At Alliance Financial & Income Tax, we help our clients plan ahead.

Preparing a tax return reports what already happened. Tax planning helps influence what happens next. 

Our goal is simple:

Help you legally pay no more tax than required under the tax law.

Whether you're a business owner, self-employed professional, real estate investor, retiree, or working family, proactive planning can uncover opportunities that are often missed when taxes are discussed only once each year.

What Is Tax Planning?

Tax planning is an ongoing process of reviewing your financial situation before important decisions are made—not after.

Rather than asking, "How much do I owe?" we ask,

"What can we do today to legally reduce next year's tax bill?"

Many tax-saving opportunities disappear on December 31. That's why planning throughout the year matters.


Is Tax Planning Right for You?

Tax planning is especially valuable if you:

✔ Own a business

✔ Are self-employed

✔ Own rental property

✔ Expect higher income this year

✔ Plan to retire in the next 10 years

✔ Bought or sold real estate

✔ Receive stock compensation

✔ Own investments outside retirement accounts

✔ Have experienced a major life change

✔ Want to reduce taxes legally

If any of these apply, proactive planning may save you significantly more than tax preparation alone.


What We Review

Every planning engagement is customized, but may include reviewing:

Business Planning

  • Entity structure
  • Reasonable compensation
  • Section 179 and bonus depreciation
  • Retirement plan opportunities
  • Estimated tax planning
  • Qualified Business Income (QBI)
  • Vehicle and home office deductions
  • Accountable plans
  • Multi-state tax considerations

Individual Planning

  • Tax bracket management
  • Retirement contributions
  • Roth conversion opportunities
  • Capital gain planning
  • Charitable giving strategies
  • Education tax benefits
  • Health Savings Accounts (HSAs)
  • Tax credits and deductions

Real Estate Planning

  • Rental property strategies
  • Cost segregation opportunities
  • Passive activity rules
  • Repairs vs. improvements
  • Depreciation planning
  • 1031 exchange considerations

Retirement Planning

  • Social Security tax planning
  • Required Minimum Distributions (RMDs)
  • Medicare IRMAA planning
  • Retirement withdrawal strategies
  • Legacy planning

Our Tax Planning Process

Review

Review

We analyze your prior tax returns, financial information, and future plans to identify planning opportunities.

Discover

Discover

We identify strategies that may legally reduce taxes, improve cash flow, and help you make informed financial decisions.

Build

Build

Based on everything we've learned, we create a customized tax plan tailored for your situation.

Implement

Implement

We work with you throughout the year—not just during tax season—to help implement the strategies that fit your situation.

Review Again

Review Again

Life changes. Tax laws change. Your plan should too.

We recommend reviewing your tax strategy annually or whenever a major financial event occurs.

The Facts About Income Tax

Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.

Learn the Facts

Making Your Tax Bracket Work

Have you explored all your options when it comes to managing your taxable income?

Learn Your Tax Bracket
The best time to reduce your taxes is before the year is over.Let's work together to identify opportunities while there's still time to act.<br/>

The best time to reduce your taxes is before the year is over.Let's work together to identify opportunities while there's still time to act.


Common Tax Errors to Avoid

Filing your taxes can be an involved process, and accidental errors can be easy to make. Grab this handy guide to get some tips to avoid some common filing errors.

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