Top Benefits of a Strategic Planning Process With LSL CPAs
A will or trust with outdated/inaccurate information can weaken the legal rights of loved ones. It may contain or be impacted by:
- Assets you no longer own or recently purchased Liens or creditor issues
- Inaccurate beneficiaries or executors
- Lack of liquidity
- Premature distribution of assets to beneficiaries
- Failure to transfer business interests to correct beneficiaries
We find that clients want to know sooner than later if their tax liability will increase, especially if they can do something to avoid or reduce it. A tax planning session with LSL CPAs helps you avoid surprises and, in most cases, is more cost-effective than paying excess taxes and penalties.
If tax planning is right for you, LSL will review your tax files and deliver a prepared tax projection report. It will summarize your tax situation and estimated tax liability or refund. We’ll also outline strategies for minimizing taxes in the coming year. Don’t wait until tax time to explore your options.