SJG clients who participated in year-end income tax projections and tax planning in November and December of 2017 realized more than $820,000 in real tax savings! This is over and above their tax savings recognized throughout 2017.
This equated to $68,000 on average per related entity group — simply by implementing year-end suggestions. Our clients consider this money well spent!
In 26 years of operations, SJG has helped clients who have utilized our end-of-year tax planning services and adhered to our recommendations participate in tax savings of more than $20 million dollars.
End of year tax planning requires diligence on the part of the taxpayer, a sharp pencil and decades of experience from your CPA. Some of the most common strategies included:
- Structuring Year-end Bonuses
- Adjusting Withholding and Estimated Tax Payments
- Maximizing Contributions to Retirement Plans
- Charitable Gifting Strategies
- Utilizing State Tax Credits
Developing strategies that are tailored to the taxpayer is an area where SJG excels and that truly differentiates us from other “tax preparers.”
Not only do our clients know they are minimizing their taxes, they gain peace of mind knowing that preparation is completed with their best interest at heart and can rest assured that they are not incurring unnecessary penalties or interest charges.
We expect 2018 to be one of the most crucial years for tax consulting due to the multitude of federal changes in the 2017 Tax Cuts and Jobs Act effecting taxpayers at every level of the system. At SJG, we are poised to help our clients capitalize on this opportunity.