Serving clients in MD, the DC metro area, and beyond!
Tax Planning
Turn Proactive Tax Planning Into Meaningful Savings
By the time you prepare your tax return, many opportunities to reduce or better manage your tax liability have already passed. Effective tax planning considers your income, investments, retirement decisions, business activities, and other financial changes before year-end, while there is still time to act.
Year-Round Tax Support for Our Tax Clients
Our tax preparation clients receive basic tax support throughout the year at no additional charge. This includes up to 30 minutes of assistance with routine tax questions. Our goal is to be available when tax questions arise, without charging you for every email or conversation.
Common scenarios that we include for no additional cost:
- Basic withholding adjustments to correct large balance due
- Assistance with responding to IRS and state tax notices
- General questions when starting a new small business or rental activity
- Any questions we can easily respond to via email
Complimentary Tax Planning for Investment Advisory Clients
Clients who utilize both our Tax Preparation services and Investment Advisory services through Glover Park Wealth Management, LLC receive complimentary* ongoing tax planning, helping ensure their investment decisions, retirement strategies, and overall financial plans remain aligned with their tax objectives.
*Complimentary tax planning is subject to eligibility requirements, including assets under management and service complexity. Additional fees may apply.
Additional Tax Planning Services
Some situations require tax projections, research, scenario analysis, or detailed recommendations beyond the common scenarios for basic tax planning.
In these situations, we may recommend a separate tax-planning engagement to help meet your tax planning goals.
Examples include (but not limited to):
- Comprehensive tax projections related to significant changes in income, retirement, business activities, or other financial circumstances
- Tax planning for Social Security, Roth conversions, retirement distributions, and other retirement related changes
- Evaluating the tax consequences of selling a business, real estate, investments, or other significant assets
- Comparing multiple tax strategies to identify potential savings and planning opportunities
- Performing tax analysis or projections in coordination with your current financial advisor
As each client and scenario is unique, we will discuss the scope and any applicable fees with you before performing any billable tax planning work.
Interested in Tax Planning help? Contact Us today!
