Take the Guesswork Out of Tax Planning.
TriStar Financial Services offers comprehensive tax planning with your financial future in mind.
✓ Keep money in your pocket
✓ Take advantage of current tax laws
✓ Help Preserve your nest egg
Don’t Let Taxes Be the Boogeyman.
The tax man showing up on your doorstep might be everyone’s worst nightmare. Just thinking about an audit can keep anyone up at night. But smart tax planning is about more than filing your forms correctly — it’s about understanding your options.
By identifying potential deductions and credits, and planning ahead for how taxes may impact your investments and retirement funds, you can make more informed decisions for your financial future.
Tax Law is complicated, and the details matter.
We know taxes can be confusing — and the details matter more than most people realize. Our team helps you navigate the ever-changing tax code, identify potential deductions and credits, and make more informed decisions about how taxes affect your overall financial picture. We prepare individual, LLC, C-corp, S-corp, partnership, estate, and trust returns — even your children's returns.
Identify opportunities to reduce your tax liability
Tax planning is a critical part of your overall financial strategy. We help you understand available deductions and credits so you can make informed decisions — and potentially keep more of what you've earned.
Take advantage of the latest tax laws and regulations
Tax laws are constantly changing, making it hard to keep up. The good news is you don't have to. The Mr. Money team stays up to date on the thousands of pages of tax code for you to make sure you can take advantage of the latest tax credits and regulations.
Plan for taxes in retirement before they catch you off guard.
Taxes can destroy the nest egg you've put away for retirement. A thoughtful tax strategy can help protect the savings you've worked hard to build. Our team of Certified Financial Planners, tax accountants, and tax advisors can help you understand how taxes may affect your retirement assets — and evaluate options to address them.
Avoid audits and filing errors with a tax professional.
Filing errors on your taxes can lead to penalties and fines and cost you in the long run. From tax filing to tax optimization, our team of tax professionals can provide the comprehensive tax planning services you need to support an accurate and thorough filing. We'll handle any communication needed with the state and IRS on your behalf.
You have questions. We have answers.
Here are some of the most frequently asked questions about tax planning.
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When you're married, you can file your income tax return jointly or separately. The IRS strongly encourages most people to file a joint return because it extends several tax breaks to married couples who file jointly.
In most cases, it's best for married couples to file jointly—but there are some circumstances in which it might be better for them to submit separate tax returns. Having a tax professional in your corner can help you make the decision about what is right for you.
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This deduction has qualifications and limits, so getting help from a licensed tax professional is an important first step to adding this deduction to your business tax return.
There are two ways to calculate a home office deduction. The simplified version is based on square footage and the actual expenses option that requires you to itemize your deductions. Here's a great article that breaks down the process.
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Tax planners help you develop a tax-efficient plan that will help you reduce your tax liability and identify the best investments that will help reduce your taxable income. Financial planners develop strategies to help achieve your life goals through effective management of finances. They are both essential to a well-thought-out wealth management plan. With the Mr. Money team, you get both at your fingertips!
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Both are key to a well-rounded financial team, but some differences exist. For example, accountants are licensed to provide tax advice and help prepare your annual tax or estate tax return. Financial planners are empowered to help give investment advice and develop wealth management plans. At TriStar Financial, you get the benefit of both a Certified Financial Planner and experienced tax accountants on your team.
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Since taxes affect many aspects of your life and are always changing, we think it makes sense to consult a tax professional who can help you prepare your taxes and offer advice on smart tax planning.
That said, there are a few situations where we think a tax professional is essential. If you have multiple streams or a complicated income structure, are experiencing a big life change like marriage, divorce, or childbirth, have received an inheritance, run your own business, or find yourself super confused by finances, we recommend seeking a tax planner that can help you create a strategy to protect your assets.
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We'll help you build a clear process for putting your financial foundation in place — and we'll be there every step of the way with answers, guidance, and support as your plan takes shape.
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