TAX PLANNING

For professionals:

Few things are more frustrating to a professional than income taxes. As part of a coordinated, fee-only financial plan tax opportunities are considered. Since many professionals earn above average income they have to deal with issues originally intended to “tax the rich”.  For example, the Alternative Minimum Tax (AMT) and the Affordable Care Act taxes on investment income and capital gains. Tax planning is different than tax preparation. Tax preparation looks at what the situation is and what to do about it. Tax planning looks ahead and attempts to see what issues may lie ahead.

We will help you navigate your employment benefits to optimize tax advantages. Many of our doctor, engineer and attorney clients have the opportunity to impact the type of tax saving structures they use in their firms. We help you understand what might fit your practice best. Ideas like retirement plan structures, deferred compensation or how to defer compensation from one year to another. All tax laws need to be followed to eliminate expose of bad practices that one could get in trouble with.

White Oaks serves as a trusted advisor to professionals across the country from our offices in the Minneapolis-St. Paul, MN metro area and the Sarasota, FL metro area. The White Oaks’ team, comprised of CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals, Certified Public Accountant (CPA) and Chartered Financial Analyst® (CFA®) in cooperation with existing advisors and agents, will develop and implement a cogent plan to manage taxes effectively both for the short and long term.

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Financial Independence

Financial Independence

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Investment Management

Investment Management

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Risk Management

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