Tax Planning
At Beacon Financial Group, we believe that effective tax planning is a year-round effort. Our team of professionals is here to help demystify complex tax rules and regulations so your strategy is both tax-efficient and aligned with your financial goals. From planning for retirement to managing a small business, and simply looking to optimize your personal tax planning, our solutions are designed to reduce liabilities and maximize opportunities.
Why Tax Planning Matters
The tax code is constantly evolving, and significant changes are on the horizon with the upcoming sunset of the Tax Cuts and Jobs Act (TCJA) in 2026. Proactive tax planning can help you prepare for these shifts while making the most of tax deductions available today. We focus on strategies that save you money while positioning you for long-term success.
Comprehensive Tax Planning Strategies
At Beacon, we offer a broad range of tax planning strategies to meet the unique needs of individuals, families, and businesses. Here’s how we can help:
1. Income Tax Planning
Income taxes often make up a significant portion of your financial obligations. Our team focuses on income tax planning to ensure you're taking full advantage of current tax laws, credits, and deductions. By crafting a personalized strategy, we aim to minimize the taxes you owe now and in the future.
2. Tax-Efficient Investing
Investing wisely doesn’t just aim for high returns, but preserving those returns. We integrate tax-efficient investing techniques, helping you structure your portfolio to maximize after-tax returns. From holding tax-advantaged assets to strategically placing investments in tax-deferred accounts, we create a customized plan to protect your wealth.
3. Year-End Tax Planning
The end of the year is a crucial time to review your financial situation and make any necessary adjustments. Our year-end tax planning services include everything from reviewing tax deductions and retirement contributions to assessing strategies utilizing Donor Advised Funds. We help you act now to avoid missed opportunities come tax season.
4. Small Business Tax Planning
As a small business owner, you wear many hats, but tax planning doesn’t have to be overwhelming. We help you navigate critical decisions like entity planning (LLC vs. Sole Prop vs. S Corp.), retirement plan options, and tax-efficient compensation strategies. Whether you need help with Roth conversion planning, qualified charitable distributions, or optimizing your deductions, we’ve got you covered.
Specialized Tax Planning for Retirement
Tax planning doesn't stop when you retire. In fact, it becomes more crucial. We assist with planning for estimated taxes in retirement, ensuring you're prepared to manage withdrawals, Social Security income, and required minimum distributions (RMDs) without facing unnecessary penalties or overpaying taxes.
Most Overlooked Deductions
Navigating the tax code can be tricky, and many individuals and small business owners overlook valuable deductions that could save them money. Whether it's understanding qualified charitable distributions or maximizing educational benefits through 529 plans for multigenerational education planning, we help you uncover these hidden opportunities.
Partner With Us
At Beacon Financial Group, we’re committed to guiding you through every aspect of your tax journey, from personal tax planning to managing business deductions and retirement strategies. Our holistic approach ensures you’re prepared for today’s tax environment and the changes to come.
Connect with us today to learn more about how we can help you develop a tailored, tax-efficient strategy that works for you.
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Securities offered through Kestra Investment Services, LLC, (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS or Beacon Financial Group. Beacon Financial Group is affiliated with Kestra IS and Kestra AS.