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Tax Planning

Financial success is not about how much money you earn, it’s about how much of that money you can you keep. At Zeniki, we provide you with proactive tax planning to help you minimize your taxes and maximize your wealth.

Our Process

We begin by going through your prior tax returns, asking you some questions and speaking with your CPA so that we can get a sense of your tax profile and identify potential areas of opportunity.

We’ll look to streamline your tax filing process by serving as an intermediary between you and your tax preparer. We’ll send you concise “To-Do’s” before tax deadlines and we’ll work directly with your CPA on questions that they have. Our expertise and proactive approach to tax planning means less headaches for both you and your CPA.

We’ll keep close tabs on your taxes throughout the year so that we always have a good idea of what you might owe on your next return. We’ll even develop forecasts of what your taxes might look like several years out so that you have a clear picture of what lies ahead.

We’ll proactively work on minimizing your taxes whenever possible by employing a variety of strategies, some of which are shown below:

  • Maximize Compounding

    A simple technique to reduce taxes on your investments is to minimize the number of transactions in your account. Transactions incur fees and taxes, and reducing them allows your investments to compound tax free for extended periods of time.

  • Maximize Contributions to Qualified (Tax-Advantaged) Accounts:

    You are incentivized by the government to contribute to these accounts because of their preferential tax treatment. It’s a no brainer to use them to your advantage and maximize their benefits.

  • Place Investments in the Right Accounts

    Because different types of investments produce different kinds of taxable income, some investments are better suited in non-qualified (taxable) accounts while others fit better in qualified (tax-advantaged) accounts. Choosing the correct accounts can yield significant tax savings.

  • Tax Loss Harvesting and Offsetting

    Matching the right types of income to offsetting expenses can lower your taxable income & the overall taxes that you ultimately pay.

  • Consider Roth Conversions

    Unlike a Traditional IRA, funds in a Roth are not taxed upon withdrawal. Converting to a Roth may make sense and save you in taxes under certain circumstances.

  • Consider Alternative Investments

    Certain illiquid assets, such as farmland, oil & gas & real estate may be able to provide you with significant tax savings in the form of credits, depreciation deductions and other incentives.

  • Consider Giving to Charity

    Being philanthropic has its advantages, including tax deductions for the amount that you donate.

  • Consider Other (Less Widely Used) Options

    Such as private placement life insurance, qualified opportunity zone investing, and more. Whether these options make sense for you will depend on your unique situation.