Skip to content

Gamble & Associates, LLC

Tax Planning

Ready to take the next step?
Click here to book a meeting

Your Firm for Skilled Tax Planning

All too often, business owners and individuals view tax season as a hassle and attempt to get through it as quickly as possible. However, tax season provides you with a unique opportunity to lower your tax bill and get closer to achieving your financial goals. At Gamble & Associates, LLC, we're proud to provide experienced tax planning services to Bala Cynwyd residents and those in its surrounding communities.

Whether you'd like to take advantage of tax credits or change your venture's entity type, our team is here to take the stress and guesswork out of strategizing. We genuinely value your business and will work to exceed your expectations from start to finish. Call us today for your consultation and bring a wealth of tax experience and knowledge to your corner!

Call: (800) 862-8430 Book a Consultation

Do I Need Tax Planning Assistance?

Each year, countless business owners and individuals hold off on getting professional tax planning assistance. Unfortunately, they end up missing out on the service's benefits, ranging from reducing taxation to reaching their financial goals. If you're unsure whether our tax planning services are right for you, some of the benefits include:

  • Reducing Tax Liability: Every business owner and individual wants to optimize their tax position. This becomes especially valuable as you acquire more assets and your taxes become increasingly complex. Through tax planning, our team can help protect your hard-earned money.
  • Improving Cash Flow: At the heart of any successful business is efficient cash flow. Through timing your purchases and maximizing tax deductions, we can help ensure you have the cash to meet your venture's various demands.
  • Avoiding Costly Penalties: Our team pays close attention to tax laws at the local, state, and federal levels. As such, we'll leverage strategies that help you remain compliant with laws and regulations at every level.

Creating Personalized Tax Planning Strategies

When you meet with our team for the first time, they'll begin by asking you various questions. What tax planning strategies have you employed in the past? Do your assets include stocks, bonds, or real estate? How organized are your financial records? From there, we'll examine your business or personal finances and work on creating personalized strategies to protect your assets and save you money. We encourage you to ask questions, as we never want you to feel like you're being left in the dark.

Some of the tax planning strategies we may create for you include:

Claiming Tax Deductions

Tax deductions remain a popular way for people to lower their taxable income by deducting expenses they've made throughout the tax year. However, the IRS and state require precise records for you to claim deductions. Our team will meticulously look through your records and retrieve information like receipts, invoices, and bank statements. Some of the expenses we'll help you claim cover:

  • Charitable donations
  • Mortgage interest
  • Office supplies
  • Marketing costs
  • Self-employment expenses
  • Medical expenses
  • Education costs

When you invest in stocks, mutual funds, bonds, and real estate, you're able to take full advantage of long-term capital gains. By holding a capital asset for more than a year, you can take advantage of low tax rates. Our team will work with you to determine if selling appreciated or depreciated securities would help you maximize gains and minimize losses. From there, we'll create strategies centered around long-term capital gains, including taking advantage of retirement plans by monitoring holding periods and keeping detailed records of your losses.

Your venture's entity type dictates how it can be structured on a managerial level but also how the IRS taxes it. Many business owners select an entity type and hold onto it for longer than is necessary. One of the tax planning strategies we employ is changing your business' entity type, as it can afford greater tax breaks and better position you for market growth. Our team will consult with you on what your current entity type is doing well and if another tax structure may be better for you. Once we settle on a new entity type, we'll obtain your federal employer identification number or FEIN, file articles of organization, and reapply for business licenses if necessary.

Dependable Tax Planning Services for You

At Gamble & Associates, LLC, we're passionate about helping our clients save money during tax season. We accomplish this goal by offering extensive Bala Cynwyd tax planning services. Whether you're a small business owner or the head of a household, our team will create personalized strategies catered to your needs. Our team looks forward to meeting you and starting a professional tax relationship you can count on every year. Contact us today to speak with one of our accountants for your initial consultation!

Call: (800) 862-8430 Book a Consultation