Impact – Wealth Management

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Professional Fee-Only Tax Planning Service

Tax planning services are part of Impact Wealth Management’s comprehensive fee-only planning program, and tax planning involves several critical components. Every decision today echoes into your financial tomorrow, which is why we are committed to creating a financial plan that resonates with your personal values. Whether we’re serving you from our Sioux Falls or Phoenix office, we extend our commitment to integrity and personalized service to all.

Past Tax Return Review

Every year we review our clients’ previous year’s tax return. This process allows us to analyze the effectiveness of our previous year’s tax strategy as well as identify opportunities for future filings.

Future Tax Estimates

Our team creates estimates of your future tax liability using current legislation and your anticipated income. This proactive step helps in planning for potential changes and informs our strategy for tax-advantaged growth.

Tax-Advantaged Investments

We guide you in choosing investments that offer tax benefits, aligning with our investment philosophy. Our priority is a portfolio that supports your financial goals while also considering the tax implications.

Retirement Planning

Our team creates estimates of your future tax liability using current legislation and your anticipated income. This proactive step helps in planning for potential changes and informs our strategy for tax-advantaged growth.

Estate and Trust Considerations

Working in collaboration with your attorney, we facilitate estate and trust planning that reflects your legacy aspirations, focusing on tax-efficient transfer of wealth and providing for your loved ones in a manner that minimizes inheritance tax liability.

Charitable Giving Planning

Our tailored strategies include planning for charitable giving in a way that enhances the impact of your donations while leveraging tax benefits. This involves recommending the most efficient methods of contributing to causes dear to you.

Tax Loss Harvesting

By employing tax-loss harvesting strategies, we work to counterbalance capital gains with any investment losses. This approach adjusts your portfolio in a way that can improve the after-tax return.

Understanding Tax Planning as Part of Our Fee-Only Services

At Impact Wealth, we opt for a transparent and predictable fee structure. Our clients appreciate the clarity of a flat fee for comprehensive financial planning that includes tax planning services, ensuring a focus on value-driven advice. Unlike commission-based or fee-based models that could lead to potential conflicts of interest, our fee-only approach aligns our interests directly with those of our clients. We understand the worth of astute tax advice and are committed to providing comprehensive tax planning services, helping navigate the complexities of tax implications for your assets and estate.

DISCLOSURE: Impact Wealth Management is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only, and all users thereof should be guided accordingly.