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Income Retention Strategies

It’s never too early or late to start a tax plan. Our goal is to provide profitable peace of mind. BIK & Co professionals remain current on ever-changing tax incentives, regulations and wealth strategies. Our advisors have many years of experience in return preparation that will maximize your incentives and guarantee compliance.

Build and Transfer Wealth Using Time

Long-term tax planning allows you to earn income for decades on taxes by deferring tax liability. Deferring tax liability means you don’t start paying taxes on that income until later in life when you normally are earning less and being taxed at a lower rate. Time also helps with gifting by allowing the donor to transfer wealth annually, which reduces their taxable income and enables financial resources to be shifted to anyone they wish to receive that gift. There are annual limits on gifting, which is why having time to implement a strategy can be a very effective wealth retention tool.

Tax Services Include:

  • Tax Planning & Return Preparation
  • Estate & Gifting Strategies
  • College Planning & Retirement Strategies
  • Financial Planning
  • Second Home Purchases & Major Asset Decisions
  • Stock Option Strategies

Create a Personal Tax Plan

Taxes are controllable items and are the result of income, which is typically predictable or can be accurately forecasted. A tax plan will allow you to review the tax impact of all of your investments and provide a more accurate overall picture of your net worth.