Tax Planning
It is our job to see that you pay no more tax than the law requires.
We
monitor the changes in the tax law that could affect you and recommend tax saving
strategies. We will prepare all your tax returns and serve as your advocate in
all tax matters.
If you are contacted by any government agency concerning your tax matters,
your first call should be to us. We will take care of it so that you can get
on with your business.
There is a certain mystique that has grown up around tax planning and tax-cutting
techniques. We are here to put tax planning in plain English for you.
There are actually several basic tax-cutting strategies, and most plans involve
one or a combination of them. In a nutshell, the strategies are:
- Splitting income among several family members or legal entities in order
to get more of the income taxed in lower brackets.
- Shifting income from one year
to another in order to have it fall where it will be taxed at the lower rate.
- Shifting
deductions from one year to another to place them where the tax benefit will
be greater.
- Deferring tax liability through certain investment choices and through
pension plan contributions.
- Structuring your affairs to obtain a tax deduction
for some expenses paid for things you enjoy — a vacation home, for example.
- Investing
your money to produce income that is exempt from either federal or state income
tax, or both.
Call us for a no-charge initial conference. We will discuss your financial
and tax situation and determine how we can help you.
Dean Miyamoto, CPA Inc.
1600 Kapiolani Blvd., Suite 1670 Honolulu, Hawaii 96814
(808) 973-9300 Fax:
(808) 973-9301
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