What is Tax Planning?
Tax planning is the process of reviewing your business structure, financial records, and practices to identify strategies that minimize tax liability both now and in the future.
Our Tax Planning Process
As a Certified Tax Planner (CTP/CTC), Jim Gerner leverages his training and experience to craft state and federal tax strategies tailored to your business goals. Our process simplifies complex tax nuances and consists of four phases: Discovery, Strategy, Implementation, and Maintenance.
Discovery
The Discovery phase lays the groundwork for your tax plan. We’ll review prior tax returns, bookkeeping, and other financial records to assess your situation. Based on this evaluation, we’ll determine if tax planning is a good fit and identify potential opportunities.
Strategy
During Strategy, Jim will analyze your books and create a personalized Tax Playbook. This detailed plan will outline steps to reduce your tax burden while ensuring compliance with tax laws. You’ll gain confidence knowing every legal deduction is covered.
Implementation
Once you approve the Tax Playbook, we’ll move to Implementation. Olympia Tax Service will handle the execution of your tax strategy, coordinating with specialists such as attorneys, financial advisors, and cost segregation experts as needed. We’ll manage the details so you can focus on running your business.
Maintenance
The tax code changes regularly, impacting your finances. Our Maintenance phase ensures your strategy stays compliant, maximizes savings, and reduces audit risk. Olympia Tax Service provides ongoing updates and support to keep your plan effective year after year.
Start Saving Today
Every business benefits from tax planning. Let Olympia Tax Service streamline your financial management with our all-in-one package: Bookkeeping, Tax Preparation, and Strategic Tax Planning. Focus on growing your business while we handle the rest.