CPA | BEND, OR

Tax Planning & Consulting

We are more than tax preparers. We are constructive tax planners.

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FORWARD-LOOKING TAX PLANNING & CONSULTING SERVICES

Tax preparation services require us to review decisions and transactions that have occurred in the past. With proactive tax planning, our team has the chance to truly make a difference in your tax and financial life and help you achieve your goals. Perhaps you value an independent third-party’s opinion on a financial matter. Through various consulting engagements, we aim to please.

Our services include but are not limited to the following:

 

INCOME TAX PROJECTIONS

  • Determine overall tax liabilities and future tax liabilities
  • Determine approximate tax related to the sale of stock, the sale of a building, a Roth conversion, lump-sum income items, and more
  • Assist employees in filling out Form W-4 to elect payroll tax withholdings
  • Maximize low tax brackets

CALCULATION OF QUARTERLY ESTIMATED INCOME TAX PAYMENTS

  • Calculate and deliver quarterly estimated tax payments based on dialogue between our team and the client
  • Recalculate quarterly estimated tax payments due to changes in income

COMPLEX REAL ESTATE TRANSACTIONS

  • 1031 exchange support and analysis
  • Purchase and/or sale of residential, commercial, and vacation home real estate
  • Preparation of complex income tax projections related to the timing of major real estate events
  • Installment sales
  • Cost segregations
  • Partial asset dispositions
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    ESTATE TAX PLANNING

    • Collaboration with the client and attorney regarding estate tax planning legal document creation
    • Strategic estate and gift tax planning for the death of a loved one
    • Legacy planning, including tax planning related to trusts
    • Learn more about our <estate, trust, & gift tax services>.

    GIFT TAX PLANNING

    • Designing strategies to maximize gift tax laws
    • Creating long-term gift tax strategies
    • Assistance with gifting illiquid assets, such as real estate and business interests
    • Legacy planning
    • Assistance with gifts to irrevocable trusts

    CHARITABLE PLANNING

    • Income tax projections related to ways to maximize tax efficiencies from charitable giving
    • Assistance with tax laws surrounding donor-advised funds, cash donations, non-cash donations, charitable remainder trusts (CRTs), qualified charitable distributions from retirement accounts (QCDs), and more

    BUSINESS PURCHASES, ACQUISITIONS, SALES, AND SUCCESSION PLANNING

    • Assistance with the purchase or acquisition of an existing business, including a legal document review, financial analysis, forecast preparation, and more
    • Assistance with the sale of your business, including support for business valuation, allocation of the sales price amongst assets, and the style of business sale in conjunction with tax efficiencies
    • Consulting related to intra-business succession plans, such as family members, keymen, rising stars, and more

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    BUDGETING, FORECASTING, AND CASH FLOW ANALYSIS

    • Assistance with personal budgets and cash flow analysis
    • Assistance with a budget creation and cash flow modeling for businesses
    • Assistance with multi-year business proformas evaluating projected financials into the future

      ASSISTANCE WITH EMPLOYER-SPONSORED TAX-ADVANTAGED PLANS

      • Retirement plans (401(k), Roth 401(k), SIMPLE IRA, SEP-IRA, 403(b), and more)
      • Flexible spending accounts (FSAs – dependent care and pre-tax medical)
      • Health insurance options
      • Health savings accounts (HSAs)

      MULTI-YEAR PROACTIVE PLANNING

      • Forward-looking proformas of financial statements for business clients
      • Long-term tax projections for individual clients
      • Planning for one-time major future events

      RETIREMENT PLANNING

      • Cash flow analysis and budgeting for retirement
      • Proactive tax forecasts for income earned in retirement

      COMPREHENSIVE FINANCIAL PLANNING

      • Services offered through 2260 West, LLC
      • Access to multiple CERTIFIED FINANCIAL PLANNERS™ who are also CPAs
      • Ability to create custom-based, formal financial plans with long-term forecasting solely based on your goals
      • Ability to monitor and modify the plan as your goals change
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      FAQS:

       

      Q: WHAT IS TAX PLANNING? 

      A: There could be a million answers to this question. Normally, tax planning involves identifying opportunities, developing short-term and long-term tax strategies, projecting tax liabilities, and calculating quarterly estimates.

      Q: WHY IS TAX PLANNING IMPORTANT?

      A: While tax preparation is a reactive service, tax planning allows for opportunities to provide value to our clients. Through our knowledge of ever-changing tax laws and our ability to listen to each client’s needs and goals, we can identify opportunities to maximize tax strategies and present options for our clients.

      Q: HOW ARE YOU PROACTIVE?

      A: We contact our clients multiple times a year. Touching base with our clients often gives us a chance to discuss tax planning opportunities. We are always sure to communicate any new changes in tax laws to our affected clients.

      Q: DO YOU OFFER FINANCIAL PLANNING SERVICES?

      A: Patrick Casey & Co. LLP does not. Our sister firm, 2260 West, offers comprehensive financial planning services.

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      BEND, OR

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