Tax Planning & Preparation

PREPARATION + STRATEGY

Our tax advisors can work with you to complete your yearly tax returns and to facilitate payment of quarterly estimates when appropriate. In addition, they are also able to assist you with your tax planning. While tax preparation is a necessity each year, tax planning can minimize the effect taxes may have on your overall financial situation to preserve your wealth. By working with Godsey & Gibb’s licensed tax professionals (CPAs) for your tax preparation services, they are also able to partner with you and your Wealth Management Advisor on tax planning and strategy for the current year and future years.

Tax Planning & Preparation services are available only to Investment Management clients active as of the previous calendar year-end.

WHY IS TAX PLANNING IMPORTANT TO WEALTH PRESERVATION?

Tax planning is an essential component of the tax process, but is often forgotten about until tax season commences. There are many different financial moves that can have heavy implications on your tax liability, including capital gains and losses. In addition, life changes related to your job or family, selling a business, making a large purchase, or giving a monetary gift can also impact your taxes. Through our team approach, your Godsey & Gibb Tax Advisor will work with you and the rest of your Godsey & Gibb team to minimize any tax surprises and determine strategies to preserve your wealth.

WHAT TAX PREPARATION SERVICES DO WE PROVIDE?

Your tax advisor can complete your yearly tax returns in addition to facilitating payment of quarterly estimates when appropriate. Our team is able to assist with the following types of tax returns:

Individual income tax returns
Estate and trust income tax returns
Gift tax returns
Pass-through entity returns for small client-owned businesses

WHAT ARE THE BENEFITS OF AN IN-HOUSE TAX TEAM?

In-house planning leads to more efficient integration of tax and investment strategies
Tax preparation process is simplified, as tax preparers have immediate access to tax documentation related to your investments
We can assist in making estimated quarterly tax payments from your brokerage account(s)

Questions?

Please let us know if you have any questions about our firm or our services. One of our Wealth Management Advisors would be happy to assist you.

MEET WITH AN ADVISOR EMAIL OUR TEAM

Our Process

STEP 1: INTRODUCTION MEETING

STEP 2: REVIEW PRIOR INCOME TAX RETURNS

STEP 3: FOLLOW-UP MEETING

STEP 4: ANNUAL TAX UPDATE CALL (OPTIONAL)

STEP 5: TAX ORGANIZER COMPLETION

STEP 6: TAX RETURN PREPARATION

STEP 7: TAX RETURN REVIEW & FILING

STEP 8: TAX PLANNING (OPTIONAL)

Tax Preparation & Planning services are natural extensions of your overall relationship with our firm. Our tax team’s goal is to efficiently and effectively prepare your income tax returns, maximizing your tax savings. As a part of Godsey & Gibb Wealth Management, our team specializes in working with wealthy individuals or those with complex tax and investment situations. The steps to the left are representative of our tax preparation process with additional information available through the button below.

Please remember, that while tax preparation only occurs for a few months out of the year, your Tax Advisor is available to assist with your tax planning, to help you make informed decisions throughout the year that will help reduce your overall tax liability.

LEARN MORE ABOUT OUR PROCESS

Do you have a charitable giving strategy?

Your tax strategy, investment strategy, financial plan, estate plan, and charitable giving strategy should all be correlated. Our advisors can work with you to ensure your strategies are optimized and aligned.

CHARITABLE GIVING STRATEGY