TAX PLANNING

Every penny you pay in taxes means less in your pocket. That’s less to fund your lifestyle, less to invest, and less to save towards your financial goals. To make things more complicated, the Tax Cuts and Jobs Act of 2017 (TCJA) changed tax law dramatically, and traditional tax minimization techniques aren’t as effective as they once were.

Which expenses are still deductible? What credits are available? Should you itemize or go with the standard deduction? Even the most seasoned accountants are still catching up on the nuances of the new law.

If you want to keep your tax bill as low as possible, you need experienced advice. We offer comprehensive tax planning services and look at the whole picture to create a custom tax plan that fits your unique circumstances.

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SOME OF THE QUESTIONS WE COVER DURING THE TAX PLANNING PROCESS:

Is your business structured in a way that keeps your tax bill low?

Are you making the most of low-tax income opportunities?

Can you qualify for additional tax deductions?

Are you keeping an eye on the tax impact of major financial moves?

Have you optimized your investments from a tax perspective?

These are just a few of the issues we explore when developing a comprehensive tax plan. We want to be sure you aren’t paying more than necessary to the IRS. Please feel free to contact us to schedule your appointment with a Pence Financial Group tax planning professional.

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The financial professionals at Pence Financial Group strive to uphold the Fiduciary Standard of Care. At all times when providing advice to a Client, our financial professionals must always act in the best interest of the Client. We place the interests of the Client above the interests of the Firm. We must act with the care, skill, prudence and diligence that a prudent professional would exercise in light of the Client’s goals, risk tolerance, objectives and financial and personal circumstances. Our financial professionals must comply with all objectives, policies, restrictions and other terms of the Engagement and all reasonable and lawful direction of the Client.

This material was created for educational and informational purposes only and is not intended as ERISA, TAX, LEGAL or INVESTMENT advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

MORE TAILORED SERVICES

We tailor our services and programs to your diverse needs, enabling you to remain focused on what matters to you. Whether you are starting out in your career, thinking about retirement, or own a business, we would like to help. We have a team of in-house advisors, supported by internal and external specialists.

INVESTMENT MANAGEMENT

We create and execute a focused and practical investment plan to help our clients work towards their unique goals.

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RETIREMENT PLANNING

Whether retirement is years away or right around the corner, we can help you to build a strategy that helps you to plan for the future you want.

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FINANCIAL PLANNING

Choosing a financial planner isn’t just about assets. Our skilled professionals are focused on creating strategies for your legacy and long term success.

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ESTATE PLANNING

Estate planning is imperative to a great succession. It is a way to protect your family, property and leave behind a great legacy.

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ALTERNATIVE INVESTING

Our trusted financial advisors at Pence Financial Group are qualified to understand the complexities of alternative investing.

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All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Asset allocation does not ensure a profit or protect against a loss.

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.

Pence Financial Group and LPL Financial do not provide legal advice or services.