FAQs & Pricing

I know what tax preparation is -- but what is tax planning?

In the world of taxation, everyone is obligated to file and pay taxes annually. Most people have a nagging feeling every year when they file, that perhaps something was missed and they overpaid as a result. Tax planning is the key to putting an end to this second guessing so you can be confident that you paid your legal share and nothing more.

Unlike traditional approaches, we actively collaborate with you and your financial advisor throughout the year, tailoring a custom tax plan to your unique circumstances. Our tax planning packages include tax preparation services and they guarantee an investment in a future filled with continuous tax savings, going beyond mere compliance.

Pre-Retiree Tax Advisory Package

In your peak earning years, taxes can take a significant chunk of your income. It’s common to wonder if you’re paying too much, and the truth is, you likely are. Even with seemingly straightforward tax situations, there are often overlooked deductions and strategies that could save you thousands annually. These missed opportunities can drastically affect your retirement savings, potentially forcing you to work longer than desired. Our tax advisory package is designed to guide you through making incremental adjustments each year during your working years, ultimately leading to significant increases in your retirement savings.

Retirement Transition Tax Plan

In retirement, taxes can be the most significant expense. Many of our retired clients approach us with concerns about overpaying taxes, fears of depleting their savings too quickly, confusion about retirement tax rules and anxiety about leaving a meaningful legacy for their heirs. To address these challenges, we’ve developed a comprehensive process. Our Retirement Transition Tax Plan helps retirees navigate the multitude of decisions they face, ensuring confidence in achieving their retirement objectives while maximizing income and preserving wealth for themselves and their heirs.

Annual Maintenance Package

With each of the above packages, we offer ongoing support which we refer to as “annual maintenance.” Clients attempting DIY tax strategies often find themselves either delaying the process or executing it incorrectly. Unfortunately, this oversight can result in thousands of dollars in extra taxes each year. To safeguard our clients and ensure they receive the maximum tax savings we planned for, we stay involved in the following manner:

•  Year-Round Tax Advisor: Phone and email access year-round for prompt answers to your questions
• Strategy Adaptation: Receive advice and revisions based on changes in your circumstances or tax laws.
• Tax Return Preparation: We handle the preparation of your income tax returns, ensuring accuracy and compliance.
• Fall Tax Planning Review: Comprehensive review of your tax plan in the fall to finalize strategies before year-end.
• Financial Advisor Collaboration: Coordination throughout the year with your financial advisor to capitalize on investment savings opportunities.
• IRS Notice Response: Receive expert assistance in responding to IRS notices, ensuring timely and effective resolution.

What kind of savings are typical and how much does it cost to work with you?

It is not uncommon for us to find savings of around $8,000-$16,000 for a retired couple! In your Discovery session, we will give you an idea of what potential strategies (and savings) benefits we see for YOU.  Not every situation warrants a tax plan and we will tell you in our Discovery meeting if we don’t think you are a good fit. 

The investment to work with us varies according to which strategies we will be implementing and managing for you. However, for most situations, the first-year planning and implementation package is around $3,000. Thereafter, annual maintenance packages begin at $1,580. 

I am a client of Strategic Planning Group. Is this available to me for free since I work with them?

Strategic Tax Planning LLC is a stand-alone company from Strategic Planning Group (SPG). There is no joint ownership or sharing of revenue in any way. Financial advisors, like SPG, see the tremendous value we can provide and refer us clients who may be a good fit. This is NOT a standard, free service provided to all SPG clients. See pricing below.

How does Strategic Tax Planning get results that other tax firms don’t?

While tax preparers focus on compliance such as preparing accurate returns and payment instructions, our expertise goes beyond. We specialize in controlling the amount of tax you pay, not just reporting it. With a focus on optimizing your tax strategy, our holistic approach ensures savings and peace of mind instead of mere compliance.

What do I get for my tax planning investment?

With your tax planning investment, you gain: 

• Peace of mind, assuring that you’re no longer overpaying in taxes 
• Improved financial management tailored to your current life phase 
• Confidence in your proactive approach to savings taxes and efficiently managing your financial resources.