Why CPA Tax Planning Services

Since we started our firm in October 2018, we focused on providing tax planning services for businesses.

We have seen tremendous opportunities to save hundreds of thousand dollars by implementing just a few tax strategies for businesses.  That’s right, your CPA may be busy providing annual tax compliance, but we provide strategies to save taxes.  There is a clear return on investment by working with us.

We offer tax planning to individuals and businesses from Tigard area, Portland metro, throughout Oregon and other states.  We understand that not everyone understands the importance of this service just because not many practitioners are trained to provide this service.

Below, you’ll learn some of the answers to the most frequently asked questions about tax planning. Specifically, we’ll explain what tax planning is and why it provides so many benefits. We hope this helps you see how tax planning can provide value and save taxes owed to the IRS, state, and other local tax jurisdictions.

What Is Tax Planning?

Tax planning is to provide proactive strategies so the taxpayer/businesses can implement to save significant amount of income taxes for the coming year. This is important, since it allows you to understand how each of major financial transactions and circumstances would impact your tax liabilities and how you can mitigate the overall tax liabilities.

If you’re getting a raise that will put you in a new tax bracket, is there any way to mitigate the effect of that? If your business is going through a merger, what actions can be taken to minimize tax liability?

We go through below:

  • Entity structure
  • Maximizing deductions
  • Retirement
  • Insurance
  • Legal Loophole
  • Tax Cuts Job Acts/Cares Act Update
  • Niche specific tax strategies
  • Advanced tax strategies

What Are The Benefits of Tax Planning?

Many people find the U.S. tax code very complex.  It is true.  The code is more than 70,000 pages.  Additionally, you would have temporary/final regulations, revenue rulings, and court cases that navigate the implementation of the tax code.  You will find the competent CPA providing clear strategies that have been protected by the code and proven through court cases. If your CPA cannot articulate the clear return on investment of implementing a few strategies, you may have a wrong type of accountant.  The knowledge that you get from our professional can help inform your financial decisions in the coming year and harvest tax savings in future years.

Think about it.  This tax planning would change how much you would pay each year for each federal, state and local tax jurisdiction.  Those who value this service will take advantage of what’s already available today.

Expert Tax Planning Services in Tigard, Oregon – Hoshi CPA

Are you seeking a professional accountant in Portland, Oregon? If so, contact Hoshi CPA. We are proud to offer expert tax planning services to both residents and businesses in the Tigard area, Lake Oswego, Hillsboro and SE/SW Portland, Vancouver Washington, and all the rest of the United States. We understand how surprising and complex the tax code can be at times. That’s why we endeavor to break everything down, determining exactly what it means for you.

Have any questions about what we can do? Please feel free to contact UDAI HOSHI, CPA in Portland, Oregon, or call us at (503) 388-6580, or reach out via our contact form. We’re always happy to empower people who are looking to take control of their tax situation.