We can help you lower your tax liabilities, so you pay less to the IRS and keep more of your hard earned money for yourself and your families. You can stop paying more than you have to.
We provide actionable, real tax strategies that you can implement very very easily that will save you money!
A startup, established business, or individual, we work with your unique situation and apply strategic tax planning.
Reduce your income and estate taxes as we identify savings opportunities and offer several alternatives to control your cash flow and finances. Our individual tax planning includes:
From rollover IRA to Roth IRA, we also specialize in the following regular IRA and strategic tax planning
Maximize tax-saving opportunities customized to your business size, industry, and risk tolerance. We are dedicated to minimizing taxes while complying with all federal and state filing requirements.
Our financial tax advisor understands your daily operations and overall company direction to gain insight for informed tax planning with your best interest in mind.
Our comprehensive corporate tax planning includes the following:
If you are a millionaire, minimize your tax burden now and in the future. Our CPA helps high-net-worth families and individuals navigate the complex federal, state, and international tax codes to reduce their tax liabilities and create, manage, and maintain secure generational wealth.
We also help you with 401(K) Roth IRA, traditional IRA, and rough IRA/Roth IRA.
We are one of the best IRS debt relief companies offering effective IRS tax relief help and the best tax debt relief services in Texas, tailored to your needs.
Secure the financial future of you and your loved ones with our comprehensive retirement tax planning approach to estate tax planning. Our CPA helps define and design your retirement goals and IRS payments and preserve assets for your loved ones.
Non-profit organizations are under constant scrutiny from the IRS and must stay compliant to maintain their tax-exempt status. We understand tax planning for non-profits and will make sure your records meet government standards.
Tax planning questions we are commonly asked.
Tax planning entails examining a financial plan or situation, focusing on its tax implications. The primary goal of strategic tax planning is to optimize tax efficiency, ensuring that all components of a financial strategy operate cohesively with maximum tax effectiveness.
Several strategies can be employed to reduce taxable income. These include participating in employee contribution plans like a Roth and 401(k), contributing to a health savings account (HSA) or flexible spending account (FSA), and contributing to a traditional IRA.
The U.S. tax system operates at federal and state levels, encompassing various tax types such as income, sales, and capital gains. Federal and state taxes operate independently, each possessing the authority to levy taxes. The federal government is not authorized to intervene in state taxation matters.
The highest-earning individuals in the U.S. contribute the most in combined federal, state, and local taxes. According to the Tax Foundation, the top quintile, representing those earning $130,001 or more annually, paid a total of $3.23 trillion in taxes. In contrast, the bottom quintile, with earnings below $25,000, contributed $142 billion.
The gross income threshold for filing taxes in the United States varies based on age, filing status, and dependents. For the 2022 tax year, it ranges from $12,550 to $28,500. Individuals with self-employment must report and file taxes if their earnings exceed $400.
Owais Shamsi is an expert CPA providing reliable and rewarding tax planning services for individuals and businesses in Texas. His mission is to achieve the Best Results and Secure Financial Freedom for you.
• No Obligation, Free Consultation
• Experienced Tax Expert
• Successfully helped 100s of Clients
Owais Shamsi remains dedicated to your financial protection by undertaking routine and annual audits, assessing financial operations, and compiling tax returns. He also offers advice on areas needing enhanced efficiency and cost savings and delivers risk analysis and forecasting.
• No Obligation, Free Consultation
• Experienced small business accounting and bookkeeping
• Successfully helped 100s of Clients
While our clients are located all over the United States of America, most of our clients are concentrated in Dallas in the following 4 cities because of our in-person presence in audit engagements.
Owais is superb to collaborate with. Exceptionally detail-oriented and thorough.
Irfan Mian Customer