Tax planning isn't just for businesses. There are money-saving tax breaks and tax mitigation strategies that work great for individuals as well. Thoughtful tax planning can:
- Defer income so you can keep more of your earnings and pay less taxes in the future
- Lower taxes on your income so you can keep more of your earnings
- Lower taxes on your estate and gifts so your beneficiaries keep more
- Lower taxes on investments and retirement distributions so you maintain your lifestyle
Estate planning can be very simple or very complex, and the steps can vary depending on your individual circumstances. Simple estate planning can include specifying what happens to your assets after you pass away, outlining what happens if you become incapacitated, communicating your final wishes, and appointing guardians over minor children. Complex estate planning can include advanced estate and gift tax mitigation strategies, entity structuring with trusts and family limited partnerships, business succession strategies, asset protection strategies, probate avoidance, life insurance planning, legacy planning, and more. Regardless of the complexity, our estate planning experts can help you develop a plan to protect your heirs, your assets, and your legacy.
Yes, we certainly can. Our team has years of experience in business consulting and we’re happy to act as an advisor if you’re considering purchasing a business.
Our business consulting experts can identify areas that are negatively affecting profitability and growth. Then we take it a step further by developing solutions that are practical and sound.
Yes, we can perform a forensic audit aimed at uncovering fraud and provide you with evidence that can potentially be used in court.
Major life events, such as those listed below, are a good indication that you need a financial plan. These changes can alter the trajectory of your life, and our wealth management servicescan help keep you on track.
- A birth or a death
- A marriage or a divorce
- A new job or impending retirement
Our CPAs are experts in taxation and can handle the most complex tax filings. They consistently monitor tax law changes, regulations, and court rulings and know the strategies that can save you on your taxes. They’ll find deductions and credits you weren’t even aware of and can easily handle complicated returns.
The first thing we tell our clients is not to stress. Expert help is available and at DeBlanc, Murphy & Murphy we’ll represent you so you don’t even have to speak with the IRS. We do that on your behalf.
We’ll also help you prepare any documents that the IRS will need for the audit. And when it’s all said and done and the IRS has issued its findings, we’ll help you appeal if you disagree with the results.
Tracking your IRS refund is as simple as going to their website and using their Where’s My Refund tool.
Cryptocurrency is known for its volatile nature and it does pose a risk for investors. However, it can help you create a diversified portfolio and our team at DeBlanc, Murphy & Murphy can counsel you on how best to incorporate it into your investments.