Tax preparation and tax planning are not the same thing

Tax preparation looks backward and reports what already happened. Tax planning looks forward and helps you review what is happening now, while there may still be time to make better decisions before the year is over.

Finance with Nyeem is opening Mid-Year Tax Strategy Reviews starting the first week of June for Anchorage and Alaska clients who want to be more proactive before tax season.

This may be helpful if you are a business owner, self-employed, a 1099 contractor, real estate agent, rental property owner, landlord, high-income W-2 earner, or someone with side income, bonuses, stock sales, rental income, or a tax balance due.

Depending on your situation, a mid-year tax strategy review may include estimated tax planning, business deduction review, rental property tax planning, depreciation review, entity structure review, retirement contribution planning, bookkeeping cleanup, year-end tax planning, and cash flow planning for future tax payments.

The goal is not to guarantee savings. The goal is to review your income, documentation, deductions, estimated taxes, and planning options before tax season so you can make more informed decisions.

If you want to review your tax situation before year-end, reply, call, text, or contact me and I’ll send over the quick intake form.

Finance with Nyeem
Tax Planning, Tax Preparation, and Financial Coaching in Anchorage, Alaska.