Tax Planning: Maximize Your Savings with Strategic Tax Planning
Effective tax planning is essential for preserving your wealth and achieving your long-term financial goals. That’s why, at TS Prosperity Group, we integrate tax planning into your financial plan to ensure that your investments, retirement, and estate plans are optimized for tax efficiency. Our team’s experienced experts collaborate alongside other key stakeholders, like your attorney or CPA, to create personalized strategies that align with your goals, providing you with peace of mind and a secure financial future.
What is Tax Planning?
By analyzing your whole asset picture, strategically planning your income, and ensuring you are taking advantage of tax deductions and credits, you can ensure that more of your money is working for you.
What is the purpose of tax planning?
The primary objective of tax planning is to minimize your tax liabilities while maximizing your tax efficiency. It involves analyzing your income, investments, and expenses to identify opportunities for tax deductions, credits, and the utilization of correct tax-advantaged accounts.
Why is tax planning important for my financial plan?
Long-term, effective tax planning provides a clear roadmap for your financial future, allowing you to make informed decisions for the timing and nature of income distributions or expenditures that lead to your prosperity. Additionally, tax planning assists with staying compliant with tax laws, thus avoiding potential penalties and legal concerns.
Our Tax Planning Services
Over the years, we have built a reputation for collaboration and trust and our clients know that you can trust us with the tough stuff. Our team members stay up to date with the latest tax laws and regulations to ensure that you are always in compliance and taking advantage of available tax-saving opportunities.
We can help with a number of different tax planning and tax services, including:
Tax Preparation
Our Collins Consulting Team can accurately and timely prepare your tax returns to ensure compliance and minimize your tax burden. We believe every client relationship is also a partnership. This is why we truly get to know you and your financial situation on a personal level and integrate your tax filing as not just something you can cross off your list, but as another piece to your financial plan.
Tax Optimization
Our team will identify and implement strategies to reduce your taxable income to and through retirement. Some of these strategies include analyzing your tax-efficient investments, deductions, credits, Social Security or pension benefits, and withdrawals from retirement accounts.
Estate Tax Planning
Reduce the tax burden on your estate to ensure more assets are passed on to your heirs. By structuring your estate, our team can help to ensure a smooth transfer of wealth, maximizing the legacy you’d like to leave behind.
Business Tax Planning
As a business owner, you already make a lot of tough choices. Structuring your income and assets to maximize your tax efficiency shouldn’t have to be one of them. Let our team provide tax planning services that include entity selection, tax-efficient business structures, and succession planning, allowing you to do what you love most.
Investment products offered by TS Prosperity Group are: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • Not Guaranteed by the Bank • May Go Down in Value.
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Trisha McCoid - VP of Wealth Planning
Trisha joined the TS Prosperity Group in June of 2022. A Council Bluffs Native, Trisha brings with her a passion and zeal for the Community and the people who work and live here. With nearly two decades of experience in developing relationships with a financial background, her skillset is a dynamic combination for her role. Her desire to help people meet their goals is the driving force; and palpable when meeting with her. When not busy working in the community, volunteering for local non-profits, or serving as a board member for various organizations, you may find her shopping or dining at her favorite neighborhood small businesses, catch her at the park or the ball field with her kids, or watch her drive by in her beloved Pink Jeep!
712-487-1200
Schedule an Appointment with Trisha
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Our Tax Planning Process
Tax planning is an integral part of our holistic approach to financial planning. We work closely to integrate tax strategies with your overall financial plan, including retirement planning, investment planning, and estate planning. We are proud of our ability to incorporate all of TS Prosperity Group’s unique expertise and philosophies to build a personalized, flexible plan for each client’s individual situation and goals.
Here’s our simple process for establishing a tax planning relationship:
- Call to schedule an appointment
- Meet with a tax planning expert
- Review personalized recommendations and next steps
- Establish an ongoing relationship
Why Work with TS Prosperity Group for Tax Planning Services
No matter what stage of the financial journey you’re on, we tailor our tax planning strategies to fit your unique financial situation and goals, providing a fully personalized solution that supports you for the long term, while remaining flexible. And because we have a full suite of tax services to meet your needs, we’re able to meet you where you’re at in life.
With a commitment to integrity and excellence, we are proud to make your prosperity our priority. TS Prosperity Group is your trusted partner, giving each client quality advice and services with your long-term goals top of mind.
If you’re ready to take control of your taxes and start maximizing your savings, contact TS Prosperity Group today by calling 844-487-3115 to schedule your appointment or fill out the form below.