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Tax Advisory
Empowering Your Tax Strategy Success
Why Choose Us for Financial Health Coaching:
Expert Guidance
Customized Solutions
Comprehensive Support
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Client-Centered Approach
Holistic Planning
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Solutions
Our Services
Strategy Session
Our Strategy Session provides immediate, actionable insights tailored to your specific financial situation. This 1-hour session focuses on identifying key opportunities and addressing any immediate concerns you might have. It is ideal for clients who have specific questions or issues they need to resolve quickly.
- Personalized Advice: Discuss your tax-related questions, including tax savings advice, insights on tax credits, or deductions relevant to your situation.
- Expert Recommendations: Receive strategic advice designed to outline the steps you need to take to address your most pressing tax and financial issues.
- Immediate Insights: This session offers quick, actionable insights exclusively on your unique financial situation, ensuring you receive tailored guidance.
Comprehensive Consultation
Our Comprehensive Consultation offers an in-depth analysis of your entire financial and tax landscape. This 2-3 hour session includes a detailed review of your current situation, a thorough assessment of your goals and objectives, and the initial development of a strategic plan for ongoing implementation. It is designed for clients seeking a holistic view of their financial situation and a strategic roadmap for the future.
- Customized Solutions: We dive deep into understanding your financial goals and aspirations, providing strategies specifically tailored to your needs.
- Expert Guidance: Benefit from our extensive experience and expertise as we tackle complex tax issues and uncover hidden opportunities for savings and growth.
- Detailed Document Reviews: Includes thorough reviews of prior year tax returns, financial statements, and other relevant documents to identify potential savings and compliance opportunities.
- Strategic Planning: Identify actionable strategies that can be implemented quickly to optimize your tax position and improve financial outcomes.
Ongoing Advisory Services
Our Ongoing Advisory Services are designed for clients who require continuous meetings and consultations to address the evolving needs of their business or investment situations. This service is ideal for clients experiencing growth, planning significant changes, or seeking continuous strategic guidance.
- Continuous Analysis: Regularly review your financial and tax situation to identify new opportunities and challenges.
- Strategic Adjustments: Implement ongoing strategies to manage growth, optimize tax positions, and ensure compliance with changing regulations.
- Proactive Tax Planning: Stay ahead with proactive strategies to minimize tax liabilities and capitalize on opportunities as they arise.
- Personalized Support: Receive tailored advice and support to navigate complex financial decisions and achieve your long-term goals.
- Comprehensive Progress Tracking: Benefit from detailed tracking of your financial progress and personalized adjustments to your advisory plan.
Melanin Tax Solutions
How It Works
Getting started with Melanin Tax Solutions is simple and straightforward. Follow these three steps to begin your journey towards optimized financial health.
Discovery Call
Schedule a complimentary introductory call to discuss your financial situation and determine how our coaching services can best assist you.
Choose Your Service
Based on the discovery call, decide whether to proceed with a Financial Health Consultation or Financial Health Assessment.
Ongoing Services and Guidance
After completing a Financial Health Assessment, choose to move forward with Ongoing Coaching for continuous support.
Tax Planning vs. Tax Preparation: Know The Difference
Tax planning is often confused with and even used interchangeably with tax preparation. Although similar in nature, the two are vastly different processes, both with the goal of reducing tax liability. As experienced tax advisors and tax strategists, we’re here to break it down for you.
What is Tax Preparation?
Tax preparation is an important step that you need to undertake before filing for your yearly taxes. When you avail of tax preparation services, you will be assisted with filing either your federal, state, or local tax returns.
Tax preparation involves taking your recent financial information and cross-referencing it with any applicable tax laws so that you can take advantage of any credits or tax deductions.
Tax preparation is also used when individuals are caught in a complex tax situation or have had a recent life change that could change their tax situation, such as getting married or starting a new job.
What is Tax Planning?
Tax planning, on the other hand, is not necessarily a precursor to tax filing. Instead, tax planning should be viewed as a holistic process that enables individuals to optimize their tax situation by helping them make the best choices for them tax-wise.
While anybody can benefit from tax planning, it is especially useful to those who are dealing with retirement accounts, investments, charitable contributions, businesses, estates, or inheritances that could alter one’s tax situation.
With tax planning, you are able to make better financial decisions that can reduce your tax liability, minimize your tax bill, and get greater tax returns.
Why wouldn’t you want that, when according to the National Taxpayer Advocate, the average 2020 tax refund is nearly $3,000.
By carefully utilizing these two tax strategies, you can get similar or even better results!