Plan Before the Year Ends
By the time a tax return is prepared, most of the decisions that shape it have already been made. Tax planning moves the conversation earlier, while you still have choices. Botwinick & Botwinick, CPAs PC works with Atlanta individuals and business owners to understand how upcoming decisions will affect their taxes and to act with that knowledge.
What Planning Looks Like
Planning is not a one-time event or a list of tricks. It is a regular conversation about what is happening in your finances and what is coming. A typical engagement might include:
- Reviewing your year-to-date income and estimating what you will owe
- Adjusting withholding or estimated payments so you are neither caught short nor overpaying
- Timing income and deductible expenses where the law allows it
- Looking at retirement contributions and other savings options
- Considering the tax effects of buying, selling or restructuring before you commit
Times When Planning Matters Most
For individuals
- A new job, a large bonus or equity compensation
- Marriage, divorce, a new child or a move
- Selling a home, an investment or a business interest
- Approaching retirement or beginning to take distributions
For business owners
- Choosing or changing your business structure
- Buying equipment, real estate or another business
- Deciding how to pay yourself
- Preparing to bring in a partner, sell or hand over the company
Our Approach
We listen first, then recommend. We explain the trade-offs in plain English, including the ones that are not obvious, and we leave the final decision to you. Tax rules change, so we base our advice on the rules that apply to your situation when we advise you rather than on general assumptions.
Planning works best together with good preparation. See individual tax preparation and tax preparation for businesses. Our tax strategies for individuals and tax strategies for business owners guides offer further reading.