Tax Planning

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Our primary goal in managing your wealth is to help you achieve your retirement or accumulation goals. Almost by definition, that makes tax planning essential.

Tax planning considers the implications of individual, investment, and business decisions, usually with the goal of minimizing tax liability. Although decisions are rarely made based solely on their taxable impact, we are always cognizant of the income, capital gains, estate, and business tax issues involved in any particular situation.

Tax considerations can be a key factor in the timing of investment purchases and sales, and it can have a great influence on estate planning. We carefully weigh the taxable consequences inherent in gift and estate tax planning, life event planning, business tax planning, income tax planning, and investment tax planning.

While wealth managers can perform many functions of the tax planning process, some activities require the expertise of an accountant or a CPA, and we may choose to work closely with a taxation specialist to focus on your tax planning.

Tax planning is a critical component of wealth management, and a good taxation strategy will be well coordinated with your overall plans for business, investments, risk management, estate, and retirement.

Neither Thorley Wealth Management, Inc., nor Commonwealth Financial Network® provides legal or tax advice. You should consult a legal or tax professional regarding your individual situation.