If you are contacted by any government agency concerning your tax matters, your first call should be to us. We will take care of it so you can get on with your business. There is a certain mystique that has grown up around tax planning and tax-cutting techniques. We are here to put tax planning in plain English for you.
What Are Some Tax-Cutting Strategies?
- Splitting income among several family members or legal entities to get more income taxed in lower brackets.
- You can shift income from one year to another to have it fall, where it will be taxed at a lower rate.
- You can shift deductions from one year to another to place them where the tax benefit will be more significant.
- You can defer tax liability through confident investment choices and pension plan contributions.
- You can structure your affairs to obtain a tax deduction for some expenses paid for things you enjoy - a vacation home, for example.
- You can invest your money to produce income exempt from either federal or state income tax.
- Get professional help from Hough & Company!
We prepare hundreds of tax returns every year. We know what to look for when your return is prepared. More importantly, you have someone to ask questions about during the year. And, if you wish, we will put you on our mailing list to receive timely tax and financial advice.