Business owners
Review entity taxation, owner pay, payroll, benefits, retirement options, and the timing of income and expenses.
Strategic tax planning
Make tax decisions before the year is over.
Tax preparation reports what already happened. Tax planning looks ahead — while there may still be time to change the result.
When planning helps
A return answers what you owe. A plan asks what you can still influence.
Planning is especially useful when income, ownership, location, assets, or family circumstances are changing.
A major transaction
Model the tax effect before a business or property purchase, sale, exchange, investment, or ownership change.
A high-income or changing year
Project federal and state tax, estimated payments, withholding, and year-end opportunities before deadlines pass.
Complex or multi-state facts
Consider residency, income sourcing, multiple entities, foreign ownership, and prior-year positions together.
What the work includes
Analysis first. Recommendations second.
Current-position review
Review recent returns, current-year results, ownership, payroll, major transactions, and the assumptions that drive the projection.
Scenario comparison
Compare relevant alternatives, estimated tax effects, implementation cost, documentation requirements, and practical tradeoffs.
Prioritized action plan
Identify what to do, what not to do, who needs to be involved, and which steps must be completed before a particular deadline.
Possible strategies
The strategy must fit the facts — not the other way around.
Depending on the client, the analysis may cover one or more of the following areas:
Entity and owner compensation
Schedule C versus S corporation taxation, reasonable compensation, payroll design, distributions, and accountable plans.
Business deductions and benefits
Home office, self-employed health insurance, fringe benefits, business meals, and employing family members when the requirements are met.
Retirement planning
SEP IRA, SIMPLE IRA, solo 401(k), and other employer-sponsored options considered alongside cash flow and contribution deadlines.
Real estate and major assets
Timing purchases and sales, depreciation, cost segregation, and Section 1031 exchanges when applicable.
Investment and charitable decisions
Timing income and deductions, contributing appreciated assets, and coordinating specialized strategies with the appropriate advisers.
Year-end tax control
Federal and state projections, estimated payments, withholding adjustments, loss utilization, and timing decisions before year-end.
These are examples for evaluation, not automatic deductions or guaranteed savings. Eligibility, records, implementation costs, and non-tax consequences must be reviewed before action is taken.
How it works
A focused process with a defined next step.
Start with a consultation
We identify the decision, deadline, and whether a planning engagement is appropriate.
Provide the working facts
Upload prior returns, current financial information, payroll data, transaction documents, and other relevant records.
Review the recommendations
We discuss the assumptions, alternatives, risks, timing, and responsibilities for implementation.
Implement deliberately
TaxFM can assist with agreed tax and accounting steps. Legal, investment, valuation, or plan-administration work may require another professional.
Planning is separate from return preparation.
A 60-minute consultation is $125. If the facts call for projections, research, a written strategy, or implementation support, the scope and fee are quoted before that additional work begins.
- No strategy is implemented solely because it produces a tax benefit.
- Savings depend on actual facts, future events, documentation, and law in effect at the relevant time.
- TaxFM does not provide legal, securities, investment, or retirement-plan administration advice.
Start before the deadline
Bring the decision before it becomes history.
Book a tax consultation to identify the planning question, the information needed, and the practical next step.
General information for the 2026 tax year, not advice about your situation. Rules, amounts and dates are current as of the date of publication and can change. What applies to your return depends on facts we would go through together.