The primary purposes of tax planning are:
proactively identify actions that can be taken to lower tax liability (for individuals & corporations)
avoid possible penalties and interest for underpayment of taxes, and
eliminate surprises about the final tax liability.
At Tebay Mosley Associates, LLC, we provide tax planning services prior to the end of the tax year for corporations and individuals by preparing a tax projection of expected income and deductions. Using the projection, we determine the expected tax liability and develop action steps to minimize the liability. We develop specific actions that should be taken to result in the most favorable tax outcome and monitor the implementation of those actions.
The result of our tax planning service is a lower overall tax liability and the peace of mind in knowing your final tax liability months in advance of filing your returns.
To view our 2005 Tax Planning Guide, please click on the icon below:
2005 Tax Planning Information