Tax planning that happens before the year ends, not after.
A tax return records what already happened. Planning shapes what happens next. We work with you during the year to project your liability, time decisions well and use the strategies available to you.
Serving Buffalo, Amherst, Western New York and beyond.
Anyone whose taxes are worth thinking about ahead of time.
- Owners of S corporations, partnerships and LLCs
- Individuals with rising or changing income
- Families facing a major change: a home sale, retirement, an inheritance
- Anyone who owed more than expected last April
What's included
- Tax projections
- An estimate of what you'll owe, updated as the year unfolds.
- Estimated payment planning
- Federal and New York payments sized to avoid penalties and surprises.
- PTET analysis and elections
- Whether New York's pass-through entity tax benefits your business, and handling the election.
- Entity and compensation strategy
- Entity choice, reasonable salary and owner distributions.
- Year-end moves
- Timing of income, deductions, retirement contributions and major purchases.
Is the PTET right for your business?
New York's pass-through entity tax lets eligible partnerships and S corporations pay state tax at the entity level. For many owners, that means a larger federal deduction than they could take personally.
The election has an annual deadline and isn't right for everyone. We run the numbers for your situation and handle the election and payments if it makes sense.
A plan, then check-ins through the year.
01Review
We look at your prior returns, current-year numbers and upcoming changes.
02Plan
You get a projection and specific recommendations, in plain language.
03Adjust
We revisit before year-end so nothing is left to chance at filing time.
Common questions
When should planning start?
As early in the year as possible. Many strategies, including the PTET election, have deadlines well before year-end.
Do I need to be a tax preparation client?
No, though planning works best when we also prepare the return, since we already know your full picture.
What should I bring to a planning meeting?
Last year's tax returns, recent pay stubs or your business's year-to-date profit and loss, and a note on anything changing this year, such as a new job, a home sale or a new business.