Specialized Tax Planning & Preparation Services for High-Net-Worth Individuals and Families
As we guide our high-net-worth clients through financial strategies and decisions, we always consider tax implications. Always.
Your Capstone wealth management team includes certified public accountants and Wealth Advisors with the insight and experience to identify issues and opportunities. You’ll receive proactive tax planning and preparation. And the peace of mind that comes with it.
Hear what our Advisors have to say
As your independent wealth manager, we consider the income tax impact of financial decisions or recommendations we make. We take practical measures to lessen your tax burden.
Why Is Tax Planning Important for High-Net-Worth Individuals and Families?
Most people understand they need to prepare their taxes, but they may not know the full value of proactive tax planning. For the high-net-worth individual or family, tax planning needs a wider lens. Income tax is just one consideration — there are also business taxes, employer taxes, and estate and gift taxes.
Tax laws are complicated, and they change based on federal, state, and city priorities. Our professional Tax Planning & Preparation services help high-net-worth individuals, families and businesses simplify.
How Are Tax Planning Services Different for High-Net-Worth Clients?
The goal of strategic tax planning goes beyond filling out forms, especially for high-net-worth individuals, families, and businesses. Tax planning experts work with you to develop a financial strategy that includes mitigating tax liabilities.
4 Main Aspects to Tax Planning Strategies:
Income recognition – Effectively planning the timing of income, deductions, and payments you receive can mitigate the impact of the alternative minimum tax (AMT) and ordinary taxes.
Income shifting – Opting to divert income to individuals or entities with lower marginal tax brackets can also help reduce your tax responsibility.
Income conversion – Converting income into tax-free or tax-deferred status or capital gain income is also a proven tax strategy you can employ.
Deductions and credits – Maximizing your deductions of allowable expenses against earned income also helps minimize your taxable income.
The Capstone Approach to Tax Planning & Preparation Services.
Tax implications are inherent in our investment approach. All our Wealth Advisors are involved in tax planning because it’s one way to protect and grow your assets to meet your goals.
Because we consider the tax implications of our recommendations throughout the year, you avoid overthinking — and surprises. The tax code frequently changes, so planning for not only today but also for tomorrow is essential.
We also know your financial situation, so we have most of the necessary tax information ahead of the tax season. You’ll enjoy the efficiency our data-gathering process provides when we’re both your tax preparer and Wealth Advisor managing your investments.
4 Tax-Efficient Investment Strategies:
Tax-free investment income generation
Strategic capital gain recognition
Tax-loss harvesting
Asset location strategies between taxable and qualified accounts
Year-Round Tax Planning Strategies:
Tax projections
Payroll withholding adjustments
Maximizing deductions
Why Choose Capstone Financial Advisors for Your Tax Planning & Preparation?
Tax season doesn’t have to be stressful. In fact, we work to make sure it isn’t. Because your Capstone wealth management team works throughout the year with you, you’ll know what to expect when tax season comes around.
Tax preparation can be a challenge for anyone, but for the high-net-worth individual, family or business, it’s simply too complex to ensure it’s done correctly without professional help. We take pride in offering not only tax planning but also preparation services. Even beyond the actual preparation, we can handle tax-related activities such as responding to IRS letters and supporting you through an audit.
What Tax Planning Services Do We Offer High-Net-Worth Clients?
Our Wealth Advisors provide tax planning services that take care of everything from long-term tax strategy and implementation, to reporting.
Tax Planning Services:
Retirement plan savings and distribution (e.g., 401(k), IRAs)
Tax-bracket maximization
Charitable gifting
Tax credit and deduction maximization
Tax deferral, diversion, and conversion
Estate and gift tax
Small business tax planning
Comprehensive and ongoing tax projections
Tax Preparation & Compliance:
Individual returns
Trusts & estate returns
Partnership & corporation returns
Federal, state and local tax law compliance
Audit representation, correspondence, and support when needed
What to Expect from Capstone Tax Planning & Preparation Services.
Simplicity and ease.
With us, you’ll enjoy our approach to your financial well-being because it ensures your financial plan is tax efficient while meeting your goals. Capstone is accountable for your entire wealth management process from advising to executing and ultimately reporting via the tax return.
Get Started With Smart Tax Planning Strategies
Contact us right away in Chicago, IL, or from anywhere across the country to get started.
