{"id":824,"date":"2021-05-08T17:14:45","date_gmt":"2021-05-08T17:14:45","guid":{"rendered":"https:\/\/www.degencpa-titan.com\/test\/?page_id=824"},"modified":"2021-05-17T12:50:21","modified_gmt":"2021-05-17T12:50:21","slug":"tax-planning-preparation","status":"publish","type":"page","link":"https:\/\/www.degencpa-titan.com\/test\/tax-planning-preparation\/","title":{"rendered":"Tax Planning and Preparation"},"content":{"rendered":"<p><section class=\"kc-elm kc-css-849064 kc_row\"><div class=\"kc-row-container  kc-container  single-service sec-padd\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-449845 kc_col-sm-3 kc_column kc_col-sm-3\"><div class=\"default-sidebar kc-col-container\"><div class=\"kc-elm kc-css-111016 widget-area kc-wp-sidebar\"><div id=\"bunch_services_menu-2\" class=\"side-bar widget sidebar_widget widget_bunch_services_menu\">\t\t\r\n        <ul class=\"service-catergory\">\r\n                    <li><a href=\"\/Tax-Planning-Preparation\/\">Tax Planning and Preparation<\/a><\/li>\r\n                <li><a href=\"\/accounting-solutions\/\">Accounting Solutions<\/a><\/li>\r\n                <li><a href=\"\/reserved\/\">Reserved<\/a><\/li>\r\n                <li><a href=\"\/Business-Executive-Coaching\/\">Business and Executive Coaching<\/a><\/li>\r\n                <li><a href=\"\/business-advisory-services\/\">Business Advisory Services<\/a><\/li>\r\n                <li><a href=\"\/Industrius-CFO-Business-Financial-Analysis\/\">Industrius CFO Business\/Financial Analysis<\/a><\/li>\r\n                <li><a href=\"\/Outsourced-CFO-Services\/\">Outsourced CFO Services<\/a><\/li>\r\n                <li><a href=\"\/KEYSOP-NQDCP\/\">KEYSOP \/ NQDCP<\/a><\/li>\r\n                <\/ul>\r\n        \r\n        <\/div><div id=\"bunch_contact_sidebar-2\" class=\"side-bar widget sidebar_widget widget_bunch_contact_sidebar\">      \t\t\r\n            <div class=\"img-box\">\r\n                <img decoding=\"async\" src=\"https:\/\/www.degencpa-titan.com\/test\/wp-content\/themes\/perfect\/images\/service\/7.jpg\" alt=\"\">\r\n            <\/div><br>\r\n            <div class=\"text\"><p>Don't hesitate to reach out with any questions.  Our team will be happy to help you.<\/p><\/div>\r\n\r\n            <div class=\"default-cinfo margin-top-20\">\r\n                <ul class=\"contact-infos\">\r\n                    <li>\r\n                        <div class=\"icon_box\"><i class=\"icon-arrows\"><\/i><\/div>\r\n                        <div class=\"text-box\"><p>Eric S. Degen, CPA Titan Accountancy, LLC<br>\r\n272 Route 206, Suite 203<br>\r\nFlanders, New Jersey 07843<br><\/p><\/div>\r\n                    <\/li>\r\n                    <li>\r\n                        <div class=\"icon_box\"><i class=\"icon-phone\"><\/i><\/div>\r\n                        <div class=\"text-box\"><p><a href=\"tel:+19732067536\">+1(973) 206-7536<\/a><\/p><\/div>\r\n                    <\/li>\r\n                    <li>\r\n                        <div class=\"icon_box\"><i class=\"icon-back\"><\/i><\/div>\r\n                        <div class=\"text-box\"><p>info@degencpa-titan.com<\/p><\/div>\r\n                    <\/li>\r\n                <\/ul>\r\n            <\/div>\r\n            \r\n\t\t<\/div><\/div><\/div><\/div><div class=\"kc-elm kc-css-650899 kc_col-sm-9 kc_column kc_col-sm-9\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-986573 kc_text_block\"><\/p>\n<div class=\"section-title\">\n<h3>Tax Planning and Preparation<\/h3>\n<\/div>\n<p>We provide exceptional compliance and planning assistance. Tax services include planning and projections, tax preparation and client advocacy during examinations or collection procedures.<\/p>\n<p><\/br><\/p>\n<p><strong>Tax Preparation vs. Tax Planning<\/strong><\/p>\n<p><\/br><\/p>\n<p>Many people assume tax planning is the same as tax preparation but the two are actually quite different. Let\u2019s take a closer look:<\/p>\n<p><\/br><\/p>\n<p><strong>What is Tax Preparation?<\/strong><\/p>\n<p><\/br><\/p>\n<p>Tax preparation is the process of preparing and filing a Tax Return. Generally, it is a one-time event that culminates in signing your Return and finding out whether you owe the IRS money or will be receiving a refund.\n<\/p>\n<p><\/br><\/p>\n<p>\nFor most individuals, tax preparation involves one or two trips to your accountant (preferably a CPA), generally around tax time (i.e., between January and April), to hand over any financial documents necessary to prepare your Tax Returns and then to sign them.\u00a0 We can also handle these visits via video conferencing, an online portal for the exchange of documents, and electronic signature capabilities.\u00a0 \u00a0They will also make sure any tax reporting on your Returns comply with federal and state tax laws.\u00a0 You expect them to be trustworthy, skilled in tax preparation and likewise expect them to accurately file your Tax Returns in a timely fashion.\u00a0 You can count on our authenticity, confidentiality, experience, dependability, and proactive nature.<\/p>\n<p><\/br><\/p>\n<p><strong>What is Tax Planning?<\/strong><\/p>\n<p><\/br><\/p>\n<p>Tax planning is a strategic year-round process (as opposed to a seasonal event), typically performed by a CPA and accounting firm with in-depth experience and knowledge of tax law and is a separate service from tax preparation. \u00a0We help our clients align their financial goals with efficient tax planning. Both individuals and business owners can and should take advantage of tax planning services.<\/p>\n<p><\/br><\/p>\n<p>Examples of tax planning include bunching expenses to maximize deductions, how to use tax-loss harvesting to offset investment gains, increasing retirement plan contributions to defer income, and best timing for capital expenditures to reap tax benefits. \u00a0Good recordkeeping is also an important part of tax planning and makes it easier to pay quarterly estimated taxes, for example, or prepare Tax Returns the following year.<\/p>\n<p><\/br><\/p>\n<p>For businesses, planning can help optimize activities such as the timing of revenues and expenditures, identifying the least-cost, after-tax alternatives among competing accounting treatments, and avoiding counterproductive tax-related activities. The result is ensuring our clients pay their legal tax obligations and not a penny more.<\/p>\n<p><\/br><\/p>\n<p>If you are in need of tax preparation or are ready to learn more about strategies you can use to reduce your tax bill next year, help is just a phone call away.<\/p>\n<p><\/br><\/p>\n<\/p>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section><section class=\"kc-elm kc-css-971750 kc_row\"><div class=\"kc-row-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-377260 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><section class=\"call-out-action\">\r\n    <div class=\"container\">\r\n        <div class=\"row\">\r\n            <div class=\"col-md-9 col-sm-8 col-xs-12\"><h4>Take a proactive approach to your tax, accounting, and business-services needs.<\/h4><\/div>\r\n            <div class=\"col-md-3 col-sm-4 col-xs-12\"><a href=\"\/contact-us\" class=\"thm-btn style-2\">Get Started<\/a><\/div>\r\n        <\/div>\r\n    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CFO Business\/Financial Analysis<\/h3>\r\n                            <span class=\"border\"><\/span>\r\n                            <p>ProAdvisor of the most powerful business software intelligence solution.<\/p>\r\n                            <a href=\"\/Industrius-CFO-Business-Financial-Analysis\/\">Read More<i class=\"fa fa-caret-right\" aria-hidden=\"true\"><\/i><\/a>\r\n                            <div class=\"icon-box\">\r\n                                <span class=\"icon-diagram\"><\/span>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n                    <!--End single item-->\r\n                                        <!--Start single item-->\r\n                    <div class=\"single-item text-center\">\r\n                        <div class=\"item\">\r\n                            <div class=\"icon-holder\">\r\n                                <span class=\"icon-business\"><\/span>\r\n                            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class=\"icon-diagram\"><\/span>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n                    <!--End single item-->\r\n                                        <!--Start single item-->\r\n                    <div class=\"single-item text-center\">\r\n                        <div class=\"item\">\r\n                            <div class=\"icon-holder\">\r\n                                <span class=\"icon-shield\"><\/span>\r\n                            <\/div>\r\n                            <div class=\"text-holder\">\r\n                                <h4><a href=\"\/Business-Executive-Coaching\/\">Business and Executive Coaching<\/a><\/h4>\r\n                                <p>Learn how our Business and Executive Coaches can help create incredible opportunities.<\/p>\r\n                            <\/div>\r\n                        <\/div>\r\n                        <div class=\"overaly-box\">\r\n                            <h3>Business and Executive Coaching<\/h3>\r\n                            <span class=\"border\"><\/span>\r\n                            <p>Learn how our Business and Executive Coaches can help create incredible opportunities.<\/p>\r\n                            <a href=\"\/Business-Executive-Coaching\/\">Read More<i class=\"fa fa-caret-right\" aria-hidden=\"true\"><\/i><\/a>\r\n                            <div class=\"icon-box\">\r\n                                <span class=\"icon-diagram\"><\/span>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n                    <!--End single item-->\r\n                                        <!--Start single item-->\r\n                    <div class=\"single-item text-center\">\r\n                        <div class=\"item\">\r\n                            <div class=\"icon-holder\">\r\n                                <span class=\"icon-science\"><\/span>\r\n                            <\/div>\r\n                            <div class=\"text-holder\">\r\n                                <h4><a href=\"\/reserved\/\">Reserved<\/a><\/h4>\r\n                                <p>Coming Soon. Registered Social Security Analyst.<\/p>\r\n                            <\/div>\r\n                        <\/div>\r\n                        <div class=\"overaly-box\">\r\n                            <h3>Reserved<\/h3>\r\n                            <span class=\"border\"><\/span>\r\n                            <p>Coming Soon. Registered Social Security Analyst.<\/p>\r\n                            <a href=\"\/reserved\/\">Read More<i class=\"fa fa-caret-right\" aria-hidden=\"true\"><\/i><\/a>\r\n                            <div class=\"icon-box\">\r\n                                <span class=\"icon-diagram\"><\/span>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n                    <!--End single item-->\r\n                                    <\/div>\r\n            <\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/section>\r\n<!--End service area-->\r\n\r\n<\/div><\/div><\/div><\/div><\/section><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":643,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"tpl-king_composer.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Planning and Preparation - Eric S. 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