tax planning and compliance

Thoughtful income tax planning is the foundation for managing your wealth. In today’s environment, you need to be aware of the ever-evolving income tax laws and regulations that impact how much tax you pay.

It’s also crucial to know the full range of strategic planning options available so that you are in a good position to pay only what you owe and can preserve more of your wealth in any scenario, regardless of tax policy outcomes.

Customized STRATEGIC Tax Guidance

We work with business owners and executives, as well as their families, offering customized tax guidance to fit each unique situation. We will perform a thorough evaluation of your current taxes, your income streams, and the changing tax laws and economic factors that impact your tax scenario. You gain a strategy that supports your personal plans, including any income tax, estate tax or business succession plans you have that could impact your net worth.

Here’s a sampling of the types of planning services we offer:

Individual Income Tax Projections and Compliance: Plan ahead with accurate income tax projections and timely compliance and advisory support to avoid surprises.

Executive Compensation and Incentives: Guidance on stock options, bonuses, and incentive packages to minimize taxes and maximize after-tax value.

State Residency: Advisory for residency changes and multi-state issues to reduce state tax exposure.

Charitable Contributions: Structure donations — from cash to donor-advised funds — to optimize your tax deduction.

Cross-Border Tax Issues: Specialized planning for individuals with international income, residency, or investment ties.

Tax Deductions and Optimization: Identify overlooked deductions and strategies that reduce taxable income.

Personal Net Worth: Align tax strategies with your broader wealth and estate planning goals.

At Beckley & Associates, we deliver tax planning and advisory services that go beyond compliance. Based in Plano, TX, our CPAs and team help individuals and business owners craft strategies to reduce tax liability, stay compliant, and plan for long-term wealth.

Expert advice

Taxes are inherently complicated. The Beckley team are expert tax accountants and strategists that know tax law inside and out.

Peace of Mind

We help you understand your tax responsibilities, minimize your tax bill and stay compliant with IRS-mandated rules.

Keeping taxes simple(ish)

Maximize Deductions

Deductions can dramatically reduce your overall tax burden. We help you to identify deductions and credits while maintaining compliance.

Estimated Taxes

Quarterly estimated taxes must be paid within a certain margin of error to avoid both penalties and tax surprises.

Compliance

Staying in business means staying in compliance with state and federal agencies at all times – regardless of changes to the law.

TAX PLANNING RESOURCES

These tax planning resources highlight strategies our CPAs and advisors use to help individuals and small business owners reduce taxes, ensure compliance, and plan with confidence.

Year-Round Tax Planning Tips

Tax Bracket Management and Planning

Understanding the OBBBA Changes