Tax Tools
Smart strategies to help you keep more of what you earn — year-round guidance from a trusted CPA.
Maximize Your Deductions
Keep thorough records of all business expenses throughout the year. Common overlooked deductions include home office costs, vehicle mileage, professional development, and health insurance premiums for the self-employed.
Contribute to Retirement Accounts
Contributions to a 401(k), IRA, or SEP-IRA reduce your taxable income. For 2024, you can contribute up to $23,000 to a 401(k) and $7,000 to an IRA — with catch-up contributions available if you are 50 or older.
Plan for Estimated Taxes
If you are self-employed or have significant investment income, you may owe quarterly estimated taxes. Missing these payments can result in underpayment penalties. We can help you calculate the right amounts.
Time Your Income and Expenses
Strategically timing when you receive income or pay deductible expenses can shift your tax liability between years. This is especially valuable when you expect your tax bracket to change.
Take Advantage of Tax Credits
Tax credits directly reduce your tax bill — dollar for dollar. Credits for education, child care, energy-efficient home improvements, and earned income can significantly lower what you owe.
Review Your Withholding
A large refund means you gave the government an interest-free loan. A large balance due means potential penalties. Review your W-4 withholding annually to keep your tax payments on target.
Have Questions About Your Taxes?
Every situation is unique. Reach out and we'll help you find the right strategy for your specific circumstances.