EXPERT TAX STRATEGY
Leveraging deep knowledge and experience in tax laws, we develop strategies that align with individual or business goals, ensuring compliance while minimizing liabilities.
This proactive approach not only addresses current tax obligations but also anticipates future changes, positioning clients for long-term financial success.
Premier
ENROLLED
AGENT
Leveraging Monika Hengesbach's Enrolled Agent status and NTPI Fellow designation, along with her three decades of experience serving over 1,000 clients, she provides superior tax advice, IRS representation, and resolves complex tax issues with proven expertise and reliability.
Offering personalized, concierge-level tax services means that Decision Financial goes beyond the standard approach to tax management by providing highly tailored services that cater to the unique financial landscapes of each client. This approach involves a deep understanding of each client’s personal and business financial goals, enabling the firm to offer solutions that are specifically designed to optimize tax outcomes and enhance financial health.
Personalized
CONCIERGE
SERVICE
CLIENT
CENTRIC
Philosophy
We prioritize clients' unique needs and goals, ensuring personalized tax strategies and solutions through collaborative planning and open communication. This philosophy fosters strong, trusting relationships, with every action tailored to achieve the best outcomes for clients, emphasizing respect, transparency, and empowerment.
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Missed Opportunities to Save Money on Taxes
I decided to upgrade my wardrobe after hearing someone say that what you wear portrays your professional image.
Not that I needed an excuse to shop for clothes, I set out to find the best deals in high-end business attire. It took me a long time to peruse different clothing sites to find the best deals. Nordstrom had its annual Anniversary Sale, Tory Burch was having a sale, and Ted Baker had some great finds. I think I spent weeks just comparing and searching to find outfits I truly liked that wouldn't break the bank.
Ironically, when I talk to my friends, they do the exact same thing. Why else would Nordstrom Rack be so popular?
Yet, when it comes to tax planning and tax strategies, taxpayers spend little to no time doing this. Tax planning on a quarterly basis can save taxpayers thousands or even tens of thousands in tax savings.
However, we will spend weeks trying to save a few hundred dollars on our clothes. Why is that?
"I believe the main reason people don't tax plan or strategize is that they don't know where to begin."
The tax code is daunting!
Even more so now that we have a new president in office and know there will be changes to the tax code again.
So, where do you begin?
Here are some common strategies I've seen missed in my practice:
- Choosing the right structure for your business.
- Hiring your children.
- Charitable Planning.
- Accountable Plans.
- Retirement Planning.
I remember a general contractor who came into my office. He was paying an average of $40K a year in taxes. We devised a plan for him, using some of the items listed above along with other strategies, and the first year after implementing those strategies, he saved over $30K in taxes and ongoing. In the last 3 years that I have been preparing his returns, his savings are over $90K.
Tax planning and strategies are unique.
No one plan fits all.
Make sure to consult with a tax professional who specializes in tax planning and strategies. The time spent consulting and implementing the plan will be the most cost-beneficial time ever spent!
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