One of the most impactful strategies in wealth management is minimizing taxes wherever possible. At Darnall Sikes Wealth Partners, our extensive experience as CPAs provides us with deep insights into the proactive measures clients can employ to reduce the tax burden related to their investments.
Whether your CPA is with our sister firm, or you have your own CPA, we can provide effective, proactive tax management services and recommendations that allow you to take advantage of tax-deferred or tax-efficient investments. We serve in a role much like a quarterback, monitoring the field and coordinating the various players — and most of all, knowing when it is time to act. Because our expertise straddles the fields of investment and tax accounting, we are uniquely positioned to help you take every advantage the law allows for minimizing the taxes you owe.
At the end of each year, as your tax management services provider, we make proactive recommendations based on the dividends, capital gains, and realized losses or gains you have had for the taxable year. For example, a small business owner might have had an abnormally high amount of realized gains in the portfolio, which would typically be a concern. In our role, we monitor such developments continually, and know when to contact the CPA to discuss appropriate countermeasures.
To learn more about our tax management services, please contact us.