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Financial Planning

Whether planning for retirement or for a child’s college education, financial planning is the cornerstone for meeting your goal. We help individual and business clients with a full array of planning tools. Our planning also incorporates tax and estate planning. Stop by our Deer Park, NY office for your financial needs.

Financial Planning Deer Park, NY - Estate Planning

Estate Planning

Adequate trust and estate planning ensures a smooth transfer of assets to your beneficiaries. It can reduce the tax due on the transfer of your business and or other assets.

For business owners, providing for your business’ longevity and ownership succession is crucial. We can help you navigate through the complex process of getting you financially structured. We work closely with our clients and their attorneys, financial advisers, and others to establish a solid total estate or trust plan.

Tax Preparation Services - Tax Planning

Tax Planning

Planning and staying on track with a solid plan is the key to reducing your tax liability. We make it a priority to stay on top of the current tax regulations so we can recommend the best tax saving strategies to maximize your after-tax income.

We can help you develop a firm plan that can allow you to benefit from immediate tax relief as well as your future expenses. From saving for your children’s educational expenses, to funding your retirement, to protecting your assets and estate, we got you covered.


Tax Saving Strategies

  • Income Splitting
  • Tax Liabilities Deferment
  • Tax Deductions
  • Income Shifting

Tax Planning Tips From Roy

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Adjusted Gross Income (AGI) is a key factor in determining what you owe in taxes. The less money you make, the less taxes you will owe.

Two of the best ways to lower your taxes is to save for retirement, either through a 401(k) or through a traditional IRA plan. Contributions made to these plans will lower your taxable income, and lower your taxes.

Taxable income is what’s left after you subtract your AGI by your deductions and exemptions.

The best way for reducing your taxable income is to itemize your deductions. The three largest deductions are state taxes, mortgage interest, and charitable donations.

Tax credits such as credits for college expenses, for saving for retirement, and for adopting children all reduce your tax.

One of the most popular tax credit is the Earned Income Credit (EIC). You may be eligible to claim the earned income credit if your income is below a certain amount. The EIC often results in a refund even if your total tax is reduced to zero.

Avoid owing taxes by increasing your withholding. More money will be taken out of your paycheck in the mean time, but you will get a bigger refund when you file your taxes.