INCOME TAX PLANNING

Whether you’re an individual or a business
taxpayer, a solid tax planning strategy from
ABS can help you avoid costly mistakes.
Take control of your tax liabilities.

Whether you’re an individual or a business, paying taxes is fact of life. Shouldn’t planning for taxable events be a fact of life, too?

We all have to pay taxes, but wise tax planning can minimize your tax burden, freeing up hard-earned dollars for other things. As an individual, making decisions about education, retirement, and the distribution of your estate all carry tax implications that can be reduced through careful financial planning. For the business owner, most of the choices you make — from forming your company to succession planning — will have different tax consequences depending on your course of action.

At Accountable Business Solutions, we work with individual taxpayers and business owners to help them evaluate important transactions with an eye toward determining when, how, and whether to act in order to reduce or eliminate their tax liability.

ABS’ Goal: No surprises

Life is challenging enough without unpleasant surprises at tax time. ABS will sit down with you, identify taxable events, go over the options, and plan a course of action that makes sense for you, your family, and your business. Contact us to learn how ABS can help you take control of your tax liabilities.

Whether you’re an individual or a business taxpayer, a sound tax planning strategy can:

  • Reduce your taxable income
  • Reduce your tax rate
  • Control when taxes must be paid
  • Help you claim available tax credits
  • Control effects of Alternative Minimum Tax
  • Help you avoid costly mistakes

“I referred a divorce client to Tom who had a complex tax situation. My client’s spouse moved out of state, purchased a business, and had invested in hard assets.

Not only were there questions regarding the appropriateness of the tax return, but the reported income and value of the husband’s business were in question.

Tom was able to provide my client with a clear outline of the questions that need to be answered in order to clarify the tax situation and the financial viability of the husband’s business. His work provided a clear road map for both my client and me to follow in making decisions regarding the value and distribution of the marital estate.”

Jim StantonWorcester, MA

“Donna and I have found working with Tom Lydick as our tax adviser and consultant most rewarding. He is conversant on current tax laws and very easy to work with.

He is affable and pleasant and most professional. Donna, who owns and operates Creative Picture Framing in Holden, has found that his advice on business options and strategies has greatly enhance her business philosophy and bottom line. And this tax season, for instance, we made a tax-free gift to a land trust, and Tom gave us sound advice from the start and handled the paperwork both accurately and impeccably. We are very pleased with Tom’s work and highly recommend him.”

Joseph & Donna ReynoldsPrinceton, MA

Learn more about our income tax preparation services.

Learn how we can help you take control of your tax liabilities.

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