Tax planning considers the tax implications of individual, investment or business decisions, usually with the goal of minimizing tax liability.

This can be achieved by:

  • Reducing taxable income through income deferral or shifting
  • Deduction planning
  • Tax-exempt investments
  • Offsetting gains and losses
  • 1031 tax-free exchanges
  • Qualified dividends
  • Tax-deferred investing
  • Mutual fund taxation