Tax planning isn't just for April. The best strategies happen year-round — and start with a conversation.
Where to Start
If any of these sound familiar, you're in the right place. Our team helps you work through these questions with clarity and confidence.
"Should I do a Roth conversion this year?"
"How do I reduce taxes on my investment gains?"
"What tax deductions am I missing as a business owner?"
"How will retiring affect my tax bracket?"
"What's the most tax-efficient way to give to charity?"
"How do I handle the tax implications of an inherited IRA?"
Tax Planning
We take a comprehensive approach to tax planning, examining every facet of your financial life to identify opportunities for tax efficiency and savings.
Understanding the tax consequences related to your individual investments. From capital gains strategies to tax-loss harvesting, we help you make investment decisions with tax efficiency in mind.
Maximizing your retirement plan savings under current tax law. We evaluate traditional vs. Roth contributions, Required Minimum Distributions, and withdrawal strategies to minimize your lifetime tax burden.
Evaluating business structure to optimize the benefits of the Internal Revenue code. Whether you operate as a sole proprietor, LLC, S-Corp, or C-Corp, the right structure can significantly impact your tax obligations.
Focusing on opportunities unique to your individual business or industry. From Section 199A deductions to industry-specific credits and incentives, we identify every available advantage.
Featured Tax Insight
By Mike Valenti
The SECURE Act, signed into law in December 2019, made sweeping changes to inherited retirement accounts. Among the most significant was the elimination of the "stretch IRA" for most non-spouse beneficiaries, replacing it with a 10-year distribution requirement.
Under the SECURE Act, beneficiaries now fall into three distinct categories:
Eligible Designated Beneficiaries (EDBs)
Surviving spouses, minor children, disabled or chronically ill individuals, and beneficiaries not more than 10 years younger than the deceased. EDBs can still use the "stretch" strategy over their own life expectancy.
Non-Eligible Designated Beneficiaries (NEDBs)
Most individual beneficiaries -- adult children, siblings, friends -- must distribute the entire account within 10 years. If the original owner had begun RMDs, annual distributions are also required during that window.
Non-Designated Beneficiaries
Estates, charities, and certain trusts are generally subject to the 5-year rule or the remaining life expectancy of the deceased.
Spreading distributions evenly across the 10-year window -- rather than deferring to the final year -- can result in substantial tax savings by avoiding a large single-year income spike. The IRS waived penalties for missed RMDs from 2021-2024, but going forward, penalties will apply.
Discuss your inherited IRA strategyFree Tools
Try our free calculators to explore how different strategies could affect your tax situation.
Compare the long-term tax impact of Roth and traditional IRA contributions based on your income, tax bracket, and retirement timeline.
Estimate how your 401(k) contributions grow over time and see the tax-deferred advantage of maximizing your employer-sponsored plan.
Free Resource
Download our comprehensive guide designed specifically for small business owners. Learn tax-efficient strategies, retirement planning considerations, and how to structure your business for long-term financial success.
Download the GuideCommon Questions
Straightforward answers to the tax questions we hear most often.
Tax-loss harvesting is a strategy where you sell investments that have declined in value to offset capital gains from other investments. This can reduce your taxable income and lower your overall tax bill. Our advisors monitor your portfolio year-round to identify harvesting opportunities as they arise. Ask us how this could work for you.
A Roth conversion may make sense when you expect to be in a higher tax bracket in retirement, have a year with lower-than-usual income, or want to reduce future Required Minimum Distributions. The ideal timing depends on your unique situation. Try our Roth vs Traditional IRA calculator or talk to our team.
A financial advisor coordinates your investments, retirement accounts, and estate plan with your overall tax picture. We work alongside your CPA to review your returns, identify deductions you may be missing, and implement proactive strategies like asset location and charitable giving to help reduce your lifetime tax burden. Schedule a conversation to learn more.
Selling a business can trigger capital gains taxes, ordinary income taxes, and self-employment taxes depending on the deal structure. Planning ahead with strategies like installment sales, qualified small business stock exclusions, or charitable remainder trusts can significantly reduce the tax impact. We recommend starting this conversation at least one to two years before a planned sale. Let's talk about your timeline.
RMDs require you to withdraw a minimum amount from traditional retirement accounts each year once you reach age 73. The amount is based on your account balance and life expectancy. Failing to take your full RMD can result in a significant penalty. Our team helps you plan distributions strategically to minimize their tax impact. Get help with your RMD strategy.
Tax preparation is the process of filing your return after the year ends. Tax planning is a proactive, year-round strategy to structure your finances in a way that minimizes your tax burden before the tax year closes. At Trillium Wealth, we focus on planning because the biggest savings come from decisions made before December 31. Start your tax planning conversation today.
Serving Clients Nationwide
With six offices across the country, our tax planning team is ready to meet you where you are -- in person or virtually.
Winter Park, FL
Clifton Park, NY
Monroe, LA
Raleigh, NC
Yorkville, IL
Downingtown, PA
This content is for general information only and is not intended to provide specific tax advice or recommendations for any individual. Please consult your tax professional for specific information regarding your individual situation.
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