Tax Planning
Are You Paying More in Taxes Than Necessary?
Taxes are the single largest lifetime expense for most of our clients, bigger than their mortgage, bigger than college tuition. Most are paying far more than they have to.
The Distinction
Most CPAs Are Doing Tax Preparation. That's Not the Same as Tax Planning.
Tax preparation (reactive)
- Looks backward, reports what happened
- The year is over before planning begins
- CPA and advisor don't compare notes
- Tax bill is locked in before anyone reviews it
Tax planning (proactive)
- Looks forward, changes what happens
- Decisions made throughout the year
- CPA talks to advisor before you sell a stock
- Liability is reduced before the year closes
The goal isn't to find a clever trick. It's to pay the least amount the law requires, through a real plan built around your whole financial picture.
What It Looks Like
Proactive. Year-Round. Built Into Everything Else.
Our tax team (30 years of combined CPA experience, a Tax Attorney, and an Enrolled Agent) works alongside your financial planner so every decision is filtered through the lens of tax efficiency.
- Income diversified across tax buckets: taxable, tax-deferred, and tax-free, for control now and flexibility later.
- Qualified plan strategy: reducing future required minimum distributions before they push you into a higher bracket.
- Entity structuring: making sure your structure actually matches your operating agreement.
- Coordinated investment moves: gains, Roth conversions, and tax-loss harvesting timed to your whole picture.
- IRS representation: our Enrolled Agent and Tax Attorney can represent you directly.
Is Proactive Tax Planning Right for You?
- You or your business earns $200K+ and your current tax bill feels wrong
- Most retirement savings are in tax-deferred accounts and you're worried about RMDs
- You've had a recent liquidity event (business sale, inheritance, large bonus)
- You're getting taxes prepared but nobody's planning ahead with you
- Your CPA, advisor, and attorney aren't coordinating
What Your Plan May Include
- Year-round proactive planning & projections
- Individual returns (1040, complex schedules)
- Business returns (1120, 1120S, 1065)
- IRA Rescue strategy to reduce RMD exposure
- Medicaid spend-down planning
- IRS rescue and representation
FAQ
Questions People Actually Search
How do I legally reduce my taxes as a business owner?
Entity structure optimization, timing of income recognition, qualified plan contributions, and coordinated investment decisions. The right answer depends on your specific entity, income level, and overall financial picture, which is why it requires a coordinated team.
What is the difference between tax preparation and tax planning?
Tax preparation is backward-looking: it reports what already happened. Tax planning is forward-looking: it changes what happens through decisions made throughout the year.
How much can I realistically reduce my tax liability?
It depends on your income, entity structure, and current plan, so there's no single number that applies to everyone. The discovery call gives us a chance to look at your specific picture and tell you honestly what's realistic.
Can WMA help if I have IRS problems?
Yes. Our Enrolled Agent and Tax Attorney can represent you directly before the IRS: audits, back taxes, or notices you're not sure how to respond to.
Have More Questions?
Your first call is free and there's no pressure. If you don't see your question here, just ask us directly.
Book a Discovery CallLet's Find Out What You've Been Overpaying.
Your first call is free. Our tax team: 30+ years of CPA experience, plus an in-house Tax Attorney and Enrolled Agent.