Tax strategy involves proactively planning your finances throughout the year to minimize your tax burden while staying compliant with the law. Tax preparation, on the other hand, focuses on completing and filing your tax forms based on past transactions. A tax strategy looks ahead, ensuring you make smarter financial decisions that save you money in the long term.

Most accountants focus on recording historical data and completing compliance tasks like preparing tax returns. Tax planning adds another layer of service—proactive, year-round advice that helps you make decisions today to save taxes tomorrow.

The amount varies depending on your situation, but many small business owners save thousands of dollars annually through strategies like choosing the right entity structure, maximizing deductions, and deferring taxes legally.

Not at all. Small businesses often benefit even more from tax planning because every dollar saved can directly impact cash flow and growth opportunities.

• Year-round tax minimization planning

• Assistance with investment and retirement planning from a tax perspective

• Entity structure recommendations (e.g., S-Corp, LLC)

• Ongoing advice to align with federal and state tax laws