Tax Planning

The #1 problem clients come to us regarding their tax plan is that there is no plan! Their CPA is filing the tax return, but not engaging in meaningful planning throughout the year and their investment advisor is trading their portfolio with total disregard to their overall tax situation. Instead of having a comprehensive plan that integrates taxes, investments, planning, and insurance they have multiple advisors looking at one piece of the pie and not talking with each other.

At BWM we take the initiative to drive the overall tax strategy for our clients. We have advanced tax planning software that can identify overlooked opportunities or accurately calculate quarterly estimate payments and payroll withholdings. We actively manage every portfolio with best-in-class trading software to maximize the after-tax return for clients. This includes strategies like tax-loss harvesting and asset location. Most importantly of all, we make sure all advisors are on the same page. We work closely with you CPA to ensure we are all pulling in the same direction. There are many different tax strategies out there, so it is vitally important that the strategies you implement work together and not against each other.

Tax forms on table

Who We Help

Retirees, Business Owners, and Executives all have very specific tax issues based on their situation and therefore require a custom plan.


Retirees will face decisions on when to take Social Security, how to manage RMDs (Required Minimum Distributions), and whether Roth conversions make sense.


Business Owners

Business Owners have a plethora of tax strategies like what expenses to run through the company, how much to pay themselves in wages, and what is the right retirement plan to utilize. Often times there are so many tax strategies for business owners they get bogged down in the weeds and lose site of the overall tax strategy.



Executives typically have high incomes and bonuses. On top of that they are typically incentivized with RSU and Stock Options which each have specific tax implications. Carefully considering when to exercise options or sell company stock is crucial to minimizing overall tax burden. Executives often have access to additional saving and investing vehicles like deferred compensation plans. Coordinating the different types of compensation with varied savings options is required to ensure their overall plan is in great shape and they are paying the lowest tax bill possible.


Our Strategy

Lowering your tax bill starts with planning for both the short- and long-term. By aligning your tax strategies with your financial strategies, the money you do not pay to the government can help fund your financial future.

Like your financial strategy, your tax strategy operates in two-time frames—now and later. “Now” covers the 12 months of the current tax year, such as income tax preparation and filing. “Later” covers long range moves, such as maximizing the long-term tax benefits offered by a qualified retirement plan such as a 401(k). Either way, timing is critical. Retaining as much of your gross income as possible should be an ongoing objective, not something that happens only at tax time.

Some portion of household-related expenses may be deductible if you maintain a home office. Ongoing childcare and dependent care expenses may provide you with special tax advantages, helping to reduce your tax obligation. The IRS is a great source of information for individuals, but tax regulations can be complex. Consider hiring a tax professional to help you navigate the complexities. Developing and implementing a tax strategy early on can help you achieve your long-term financial goals.

Ready to work with us?

Schedule an introduction meeting today and find out how we can help you navigate through wealth management, retirement planning, estate planning, and tax planning.
Burkholder Wealth Management team