Better Tax Decisions Begin Before Tax Season
Tax preparation looks backward, reporting income and financial transactions that have already occurred. Tax planning looks forward, helping you understand the tax consequences of important decisions before you make them.
At PIM Tax Services, we believe effective tax planning involves more than searching for deductions. It requires understanding your financial circumstances, anticipating changes, and evaluating how federal and state tax laws may affect your decisions.
Whether you’re approaching retirement, selling a property, starting a business, experiencing a significant change in income, or navigating the tax implications of military service, proactive planning can help you make more informed decisions.
Our goal is simple: Help you understand your options, anticipate your tax obligations, and make financial decisions with greater confidence.
Major Income Changes & Retirement
Retirement, a significant change in compensation, or a large retirement account distribution can create unexpected tax consequences.
We help clients evaluate withholding, estimated tax payments, retirement distributions, Roth conversions, and other decisions that may affect their current and future tax obligations.
Real Estate Transactions
Purchasing, selling, or converting a property to rental use can have significant tax implications.
We help clients evaluate depreciation, capital gains, passive activity limitations, and the tax consequences of real estate transactions before important decisions are made.
Business Ownership & Entity Decisions
Starting a business, electing S corporation status, or changing how a business owner receives compensation can affect taxes for years.
We help business owners evaluate entity choices, compensation strategies, business deductions, and estimated tax obligations.
Multistate Residency & Relocation
Moving between states, working remotely, or maintaining homes in multiple states can create complicated residency and income-sourcing questions.
We help clients understand state filing obligations, residency considerations, and opportunities to avoid unnecessary double taxation.
Investments & Retirement Accounts
Investment sales, capital gains, retirement contributions, and distributions can affect taxable income in ways that are not always obvious.
We help clients evaluate the tax implications of investment decisions and coordinate tax strategies with their broader financial circumstances.
Military & Veteran Tax Considerations
Military retirement, disability benefits, PCS moves, and military spouse employment can introduce specialized federal and state tax issues.
We help military and veteran families evaluate these issues, including residency choices under the Servicemembers Civil Relief Act and tax considerations associated with military transitions.
How PIM Approaches Tax Planning
1. Understand Your Tax Situation
Effective planning begins with understanding your current circumstances. We review relevant information from your prior tax returns, income sources, investments, business activities, and anticipated financial changes.
This helps us identify the tax issues that deserve attention and establish a foundation for evaluating potential strategies.
2. Identify Planning Opportunities
We evaluate how applicable federal and state tax laws may affect your financial decisions.
Depending on your circumstances, this may involve retirement distributions, estimated tax payments, investment transactions, business structures, real estate decisions, or state residency considerations.
3. Evaluate Strategies and Alternatives
Tax planning often involves comparing several possible courses of action. We help you understand the potential tax consequences, limitations, and tradeoffs associated with each alternative.
Our objective is not simply to find the lowest immediate tax liability, but to help you make decisions that support your broader financial goals.
4. Implement and Monitor Your Plan
Once appropriate strategies have been identified, we help you understand the actions, documentation, and deadlines involved.
Depending on your service agreement, ongoing planning may include periodic reviews, updated tax projections, and adjustments when your financial circumstances or tax laws change.
Tax Planning Services & Pricing
PIM offers tax planning through individually priced consultations and comprehensive annual service arrangements. The appropriate option depends on the complexity of your tax situation and the level of ongoing professional support you need.
KEEL: Planning When You Need It
KEEL clients receive traditional tax preparation services priced according to the complexity of their returns. Tax planning and strategy consultations are available separately for clients who need assistance with a particular decision or upcoming transaction.
COMPASS: Proactive Annual Planning
COMPASS provides year-round tax support for clients who want more than annual return preparation. The $1,800 annual service fee includes one tax planning and strategy meeting, withholding and estimated tax reviews, IRS transcript monitoring, and other services defined in the service agreement. Tax return preparation is billed separately.
NAVIGATOR: Comprehensive Tax Guidance
NAVIGATOR is designed for clients who want expanded planning and ongoing professional support. The $4,800 annual service fee includes two tax planning and strategy meetings, individual income tax preparation, and additional services defined in the service agreement.
Explore the complete comparison of our three service levels to determine which option best fits your needs.
Ready to Plan Ahead?
Important financial decisions often have tax consequences that are difficult or impossible to change after the fact. Working with a tax professional before making those decisions can help you understand your options and avoid unnecessary surprises.
Whether you need guidance on a specific transaction or ongoing tax planning throughout the year, PIM Tax Services can help you determine the appropriate level of service.
Start the conversation today and discover how proactive tax planning can support your financial goals.