Tax Services
Tax Planning & Strategy
Year-round moves, made proactively, that can bring next year's tax bill down.
A Tax Return Looks Backward. Planning Looks Forward.
Talking to your preparer only in April usually means savings get left on the table. The moves that genuinely lower a tax bill, things like entity elections, retirement contributions, and the timing of income and expenses, all have a hard deadline of December 31. That's why we stay in touch throughout the year rather than waiting for filing season, since once December 31 passes, those options close.
Moves made throughout the year and locked in before year-end, while they still count.
Key Things to Know
- Fewer year-end surprises
- Entity & structure review
- Quarterly check-ins
Ready when you are
Operational Milestones
Deep diagnostic
It starts with a look back at the last three years of returns alongside current financials, hunting for structural leaks in how taxes are being handled.
Blueprint
From there, a detailed Tax Blueprint gets put together, laying out the specific moves to make and when to make them.
Execution
Quarterly check-ins keep payroll, distributions, and expenditures tracking closely with that plan.
Included Services & Outcomes
Planning Wins Where Filing Season Can't Catch Up
Most owners still treat taxes as a once-a-year event rather than a year-round strategy. But the highest-value moves, equipment purchases, entity elections, retirement funding, have to be made before year-end; finding out about them afterward doesn't help.
Questions
Tax Planning & Strategy FAQ
When's the right time to start a tax plan?
As soon as possible. The strongest strategies, equipment purchases and funding retirement plans among them, need to happen before December 31st to have any effect on that year's return.
Is this kind of tax planning even legal?
What's practiced here is tax avoidance: using the IRS tax code exactly as written, to your advantage, which is entirely legal and entirely separate from tax evasion, which isn't.
What kind of savings do clients typically see?
Clients who stay engaged with the process routinely capture $25,000 to $250,000+ in annual savings, though the exact figure depends on income level and complexity.
How often do meetings happen through the year?
Quarterly strategy meetings are the baseline, with additional check-ins added ahead of major decisions, like large purchases, equity events, owner distributions, or year-end moves.
Isn't this the same thing as tax prep?
No. Tax prep documents what already happened last year. Tax planning shapes this year's moves before December 31 so next year's return comes out smaller.
Resources
Tax Planning & Strategy insights
Talk to MK Tax & Accounting about tax planning & strategy
Book a free consultation and we'll take a look at your situation, quote a flat fee, and walk through exactly what we'd do differently.