Updated July 28, 2015
What Is Tax Planning Tax Preparation Chicago Illinois
What is Tax Planning? Tax planning is the orderly process of planning if and how money will be taxed.
Few accountants actually take the time to give any taxation advise to their clients in the first place. Few clients have any idea going into their year end whether or not they will actually be responsible for any tax in the first place. Tax planning is first determining if there is going to be a taxable event, and second looking at any alternatives available that might legally reduce or eliminate the tax burden in question.
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.