Understanding the advantages and opportunities of tax planning can help you accumulate assets in a more productive manner.

The complexity and uncertainty of the U.S. tax landscape continues. The federal tax changes (click here for details) are set to go into effect January 1, 2011 and will impact both individuals and businesses alike.  Changes include individual marginal tax rates, estate taxes, the capital gains tax, deductions for medical expenses, educational accounts and loans, and charitable donations.

Let the our on-site accountant at D.B. Root & Company help you:

• Minimize your income taxes today. It's not what you earn, but rather what you are able to keep that counts.
• Evaluate your mix of qualified retirement plan assets (401(k), IRA, etc.) and other tax-sheltered investments (real estate, annuities, etc.) to ensure you are maximizing potential tax benefits, while maintaining flexibility with your assets
• Plan capital gain/loss transactions to capture and strategically utilize capital loss carryover.
• Ensure your investment vehicles will not cause adverse tax consequences in the future, specifically during retirement or at death.
• Determine the most tax efficient method of accumulating assets.
• Interpret and utilize current tax laws and future changes to benefit your own personal situation.