At SevenBridge Financial Group, we do much more than simply create a tax plan.
Amongst our services, we also access the expertise of our resident CPA to communicate directly with your accountant, making sure that you really experience the advantages of things like tax loss harvesting and charitable giving.
Excited to learn more? Keep following along with this blog. We’ll talk about the basics of proper tax planning and how SevenBridge can help your efforts.
Tax planning is the analysis of a financial situation or plan to ensure that all elements work together to allow you to pay the lowest taxes possible.
A plan that minimizes how much you pay in taxes is referred to as tax efficient. Tax planning should be an essential part of an individual investor's financial plan.
Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success.
Essentially, what we mean when we say ‘tax loss harvesting’ is the process in which securities are sold at a loss. This is in efforts to try and offset the amount of capital gains tax that would come due on other types of investments you may have.
It is one direct way in which you can monetarily show your support for a meaningful group or organization.
There are many great things about charitable giving. One of these is that there are several ways in which you can make this happen, depending on your financial situation and goals.
These include:
As you can see from the above-mentioned information, there are certainly many moving pieces when it comes to tax planning. Having the proper tax planning is important because it allows you to further secure your wealth while also having the potential of helping to make the world better.
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SevenBridge Financial Group: More Details Regarding our Tax Planning Services
• Tax plans are established to minimize taxes in the current year, while considering future tax savings as well.
• Retirement income is carefully engineered to minimize income tax and maximize estate potential.
• We provide guidance for major purchases, as well as gifting to family members and charities.
Please do not hesitate to contact us with any questions about our services, our process, or how to get started with a project.
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SevenBridge Financial Group is a registered investment advisor. Advisory services are only offered to clients or prospective clients where SevenBridge Financial Group and its representatives are properly licensed or exempt from licensure.
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
For additional information, please visit our website at sevenbridgefinancial.com
For current SevenBridge Financial Group information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with SevenBridge’s CRD #281037.
