Tax Mitigation Services

Optimize Savings and Minimize Liabilities

Tax mitigation planning is essential for reducing your tax burden, staying compliant, and maximizing savings. Our experienced tax professionals create customized strategies that help you legally minimize liabilities and enhance your financial health.

  • Lifetime Tax Mitigation Strategies: Build a tailored plan to optimize deductions, credits, and income timing.
  • Evaluate Tax Exposure: Identify and mitigate areas where your business is overpaying in taxes.
  • Ensure Compliance: Stay compliant with ever-changing tax regulations, avoiding penalties and audits.
  • Optimize Deductions: Maximize your eligible deductions and credits to reduce taxable income.
  • Provide Strategic Tax Advice: Receive expert guidance on minimizing taxes while growing your wealth.

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Comprehensive Income Tax Planning Strategies

  • Our team is well-versed in the 9,000+ pages of Internal Revenue Code and associated IRS regulations
  • In regular tax planning meetings, your tax team will review your projected net profits for the current tax year, forecast your federal and state tax amounts, and propose a variety of tax mitigation options for you to consider before year-end
  • Our customized tax planning suggestions are explained in easy-to-understand terms and we disclose the tax savings of each suggestion
  • Each proposed tax planning suggestion will be simply explained, and the tax savings of each suggestion will be disclosed. We will work together with you to determine the best plans to institute for the current year.

Discover actionable tax reduction strategies in the Tax Planning and Strategy Center

Estate and Wealth Management Tax Planning

  • Our tax team and qualified estate attorneys work together to propose and implement estate tax mitigation strategies to limit or eliminate the costly impact of estate taxes
  • Estate Tax planning is critical for clients who surpass accumulated wealth thresholds. The highest federal and state combined estate tax rate is 60% and would be assessed on the fair market value of your accumulated wealth over $12,060,000 for single individuals or $24,120,000 for married couples.

Tax Planning for Business Owners

  • Linked Accounting provides business owners with the relevant information and ideas regarding succession planning and exit strategies.
  • An upcoming business sale may be the only experience like it in your life. Our consultants have helped hundreds of owners navigate the complexities of a business exit.
  • It’s best to start planning 2-3 years prior to your proposed sale timeframe. Engaging our team early ensures you have the most options open to you. We offer guidance on:some text
    • Timing of your business sale
    • Expectations of your future buyer
    • How to find a buyer
    • Estimating the value of your business, including acceptable owner add-backs to your annual cash flows
    • Forecasted net cash from a business sale and how to preserve and grow it
    • Business sale tax mitigation strategies
    • Legal documents required to properly memorialize the details of your sale transaction
    • Your next steps after a business sale

Acquisition Analysis

  • Our team will help you evaluate a potential acquisition by thoroughly analyzing the following considerations:some text
    • Historic cash flow
    • Quality of earnings
    • Tax compliance requirements
    • Accounting systems and procedures of the target organization
    • Confirmations of receivables and payables balances
    • Inventory
    • Working capital

Frequently Asked Questions

What is tax planning, and why is it important?
What are the common tax deductions I can claim?
How can I reduce my taxable income?
What is the difference between tax credits and tax deductions?
How can I plan for taxes as a small business owner?
What strategies can I use to minimize capital gains tax?
How do tax-advantaged retirement accounts help with tax planning?
What is the tax impact of selling property or investments?
How should I plan for taxes if I receive an inheritance?
What are the key tax planning strategies for high-income earners?

Additional Services

Brian Van Camp, CPA, MTax

Managing Partner, Director of Tax Strategy

Brian’s passion for developing and implementing business and tax strategies has been instrumental to many businesses and individuals during his tenure at Linked Accounting. Business owners regularly seek out his advice on tax planning and audit matters, commercial lending, and business acquisition and sale transactions. When new tax laws are passed, you can be certain Brian will have read the law and developed tax strategies to help our clients make good use of new provisions of the Tax Code.

Jacob Martin

Partner

Above all, Jacob cares about the relationship with and success of his clients. They are not alone in navigating a complicated business and tax world. He thrives and is happiest when a client calls with a problem and together they solve it. Consulting and implementing strategies to reduce tax exposure provides many opportunities for Jacob to gain valuable insights that prove valuable to his clients.

Specialized Tax Planning and Mitigation Experts

Our team is dedicated to providing nonprofits with tailored tax strategies that maximize benefits and ensure full compliance with IRS and state regulations. We understand the unique tax challenges that nonprofits face, from managing charitable deductions to handling unrelated business income taxes (UBIT). Our focus is on mitigating potential tax liabilities while helping your organization operate as efficiently as possible.

  • Charitable Deductions Optimization: Maximize the value of charitable donations while maintaining compliance with donor reporting requirements.
  • UBIT Management: Navigate the complexities of unrelated business income taxes, ensuring that your nonprofit remains compliant while minimizing tax liabilities.
  • Exempt Status Compliance: Ensure that your tax-exempt status is protected through proactive planning and adherence to IRS guidelines.

We provide in-depth, proactive strategies that help your nonprofit organization achieve financial stability and growth while minimizing the risk of penalties and IRS scrutiny.

Planning Center

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