Tax Projects vs Tax Planning

We’re Not Normal and We Don’t Expect You to Be Either When It Comes to Your Tax Planning, Tax Projections and Forecasting

Tax Project, Tax Planning, Daniel Morris, CPA
Our accounting firm’s Customer-Base knows and is appreciative that we include Tax Planning and Tax Projections as a rule to nearly all of our Morris+D’Angelo’s High-Worth Professional Engagements.

Why Hire an Accounting Firm When Tax Planning Isn’t Needed

My Business Partner, Pat D’Angelo of nearly 30-years and I set out to build and create an Accounting Firm that empowered our Customers to succeed in areas of financial matters that most are not familiar with, especially High-Level Financial Concepts and Techniques that Pat and I have developed only through experience over the years. Our belief was that everybody should be aware of their best financial path possible to empower and provide for their uncertain futures.

Tax planning is something much different. It is the ongoing process of making important financial decisions by recognizing the tax implications of the decision. It involves planning steps that may reduce your tax burden that would ultimately benefit your financial future.

Not Everything is as Clear as Day; Tax Planning Strategies vs. Tax Preparation
I’m going to guess that Most of you think that Tax Planning is something we pay attention to every year in April. That’s Tax Preparation, the act of filing your taxes (this could be as simple as working from your W2).

Tax planning is something much different. It is the ongoing process of making important financial decisions while recognizing the tax implications of the decision. It involves planning steps that may reduce your tax burden and benefit your financial future.

If you own rentals, involved in active stock trading, own your own business, operating an agricultural business, etc. you could choose when and how you receive your Taxable Income that would be the best strategic time period to do so that would also provide the most benefit for you and your family.

There are Many Tax Planning Strategies to Help You

I will plan to write more about this topic soon, as there are many Tax Strategies to consider depending on the context of your situation. In the meantime, there are two areas that you could immediately take a look at how you’re managing these important financial “buckets”.

Qualified Retirement Contributions and Captial Gains and Losses

There are a number of different ways with which to save for retirement. From 401ks to traditional IRAs to Roth IRAs, you could have a lot of options and not know it.

The best Tax Strategies depend on informed choices that target your tax situation and your financial plan. Discover potential benefits as well as any disadvantages so you can make informed decisions.

Contact Us, We’re here to help You.


Daniel Morris
Daniel frequently provides high value, high worth content and advice via Workshops, Podcasts and Printed Articles concerning Wealth Preservation techniques. If you wish for Daniel to speak to you or your Professional Group, please contact us.

Morris+D’Angelo is the industry-leader for many High-Wealth Customers and Organizations.

Daniel Morris, Managing Director, Chief Dragon Slayer707 SW Washington St., Suite 1100
Portland, Oregon, 97205

503.749.6300 – Portland Office
408.292.2892 – San Jose Office

Family, Legacy Planning, Transition Wealth


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