Fouts Law Group, LLC is available to provide tax planning services to individuals and businesses. When you have a tax plan in place, you are better able to build wealth and achieve the financial goals you have set for yourself. You can also protect your assets from taxation that may be unnecessary. An appropriate and sound tax plan will help to ensure that the legacy you leave behind is not destroyed by the government.
You need assistance from a Woodstock tax planning attorney at any time you are making important financial choices. We know the complexities of Georgia laws and federal laws as well. We can help you create a personalized tax plan that meets your needs today and your desires for the future.
Call our office at (678) 242-8344 to discuss your tax planning needs with an experienced attorney. We can help you create a tax plan that is unique to your needs and we can provide you with more information about creating your plan, including:
- What you need to know about tax planning
- What type of tax planning you need
- How a Woodstock tax planning attorney can help you
What You Need to Know About Tax Planning
Throughout the course of your life, you will pay a good percentage of what you earn to the government in the way of income tax. If you own a business, your company will be paying taxes as well. How much you pay, and if you pay through your business, will depend on how it is structured.
If you are not in compliance with state and federal tax law, you can incur steep civil penalties and, in severe cases, criminal prosecution. Even when you are in compliance with tax law, you should be taking advantage of tax breaks that you may have overlooked. That is what a tax plan is for. A Woodstock tax planning attorney can sit down with you and discuss ways to legally reduce taxes you and your business pay.
If you are self-employed, one of the most important part of your tax plans will be the structure of your business. For example, if you are structured as a C-corporation, you may be double-taxed. You are not only paying taxes on dividends or distributions, but on profits as well. If you are structured as an S-corporation, you don’t pay tax through your business but through your personal filing. You may also be able to reduce Social Security and Medicare taxes as an S-corporation.
Even if you are a wage earner or, in other words, employed by someone else, you need tax planning advice. We can help ensure that you are maximizing your deductions, investing in the right financial accounts and making contributions in a way that is beneficial. Let one of our experienced tax planning attorneys help you take advantage of all that is available to you.
What Type of Tax Planning You Need
You should not only be thinking about your tax situation now, but what you may face in the future. You should also consider how your death may affect your taxes. If you have a large estate, your family may be burdened with taxes that they don’t have the cash to pay. Being forced to pay these taxes may mean that your family has to sell the property you have left rather than pass it down through the generations.
When you set up a tax plan now, you are helping reduce or eliminate the issues your family may face upon your passing. Your legacy should not be impacted by the federal or state government.
How a Woodstock Tax Planning Attorney Can Help You
Fouts Law Group, LLC can assist you with tax planning now and with estate tax planning for your future. Whether you own your own business or earn a wage paid by someone else, you want to be sure you are keeping as much of your money as you deserve. Let us assist you with making a sound tax plan today.
Call ouf office at (678) 242-8344 or contact us online to discover how a Woodstock tax planning attorney can assist you in not only protecting your wealth, but in minimizing the tax burden you face.