Proactive Tax Consulting for Smarter Financial Decisions
What we advise on
- Entity selection and restructuring
- Owner compensation and distributions
- Quarterly estimated tax planning
- Timing of income and deductions
- Retirement and benefit strategy
- Multi state and nexus exposure
- Buying, selling or closing a business
- Real estate and depreciation planning
How we work
Planning before the year closes
The most valuable meeting of the year happens in the autumn, not in April. We project where your income is landing, model what you will owe, and walk through the moves still available: accelerating or deferring income, timing equipment purchases, funding retirement accounts, adjusting withholding so there is no surprise and no oversized interest free loan to the government.
Business owners and entity strategy
Whether you should be a sole proprietor, an LLC or an S corporation is not a permanent answer. It changes as profit changes. We run the comparison with your real numbers, including payroll tax, reasonable compensation and the administrative cost of each option, and we tell you when the answer has stopped being worth it.
Individuals with complex income
Equity compensation, rental property, capital gains, retirement withdrawals, inheritance, self employment on the side. Each of these has timing levers, and each interacts with the others. We look at the whole picture rather than one form at a time.
A second opinion on your current plan
If you already have a preparer and simply want to know whether anything is being left on the table, we will review your last two returns and your current structure and give you a straight answer. Sometimes the answer is that your current setup is fine, and we will say so.
Need the return prepared too? See Tax Preparation.
Common questions
When is the best time to start?
Any time before the year closes gives us levers to pull, and the earlier the better. Starting in January of the following year means we can only report what already happened rather than change it.
Is this worth it if my situation is simple?
Sometimes not, and we will tell you. Consulting pays for itself when there is a business, property, equity compensation, or income that moves year to year. If your return is a W-2 and a standard deduction, we will say so rather than sell you a plan.
Do you work with my existing financial advisor or attorney?
Yes, and it usually produces a better result. Tax, investment and legal structure decisions interact, and we are happy to sit in on the conversation rather than each professional optimizing in isolation.
How are consulting engagements priced?
Either as a defined project with a flat fee, or as an ongoing arrangement with scheduled check ins through the year. You will know the price before any work begins.
(702) 743-6091 · rtsmithco@gmail.com