Why Tax planning matters
Most tax professionals focus on preparing your tax return after the year has ended.
By then, many opportunities to reduce your tax liability are no longer available.
At Genesis Accounting Solutions, we believe tax planning should be proactive—not reactive.
By reviewing your business throughout the year, we can identify strategies before year-end that may help lower your tax liability, improve cash flow, and support your long-term financial goals.
what we review during a tax planning session
During your planning session, we may review topics such as:
- Current year income projections
- Estimated tax payments
- Business entity structure
- S Corporation election opportunities
- Owner compensation strategies
- Equipment purchases and depreciation
- Retirement contribution opportunities
- Available tax credits and deductions
- Timing of income and expenses
- Cash flow considerations
- Year-end tax strategies
- Future planning opportunities
Every business/individual is different, so we tailor each session to your specific goals and circumstances.
What you'll leave with
After your session, you'll have a clearer understanding of:
- Potential tax-saving opportunities
- Recommended action items
- Upcoming deadlines
- Estimated tax obligations
- Questions to discuss with your financial advisor or attorney, if applicable
- Strategies to consider before year-end
Our goal is to help you make informed decisions—not just prepare a tax return.
tax planning vs. tax preparation
Tax Preparation
Tax Preparation
Tax Preparation
- Looks at last year
- Reports what already happened
- Primarily compliance
- Usually seasonal
Tax Planning
Tax Preparation
Tax Preparation
- Focuses on this year and next
- Helps influence future outcomes
- Strategic decision-making
- Year-round guidance
Our Partners
