By analysis of a financial situation or plan from a tax perspective, we monitor all changes in the tax law, specifically with political changes. One factor of this year that may compound these changes in the future is the election of a new president. This new administration has promised to lower tax rates, eliminate or modify the Affordable Care Act along with taxes associated with it, increase the standard deduction, cap the amount of itemized deductions, eliminate personal exemptions as well as potential other changes.
It is our objective for our clients to use the tax planning by arranging their affairs in ways to help postpone or pay the least amount of taxes allowed by law. You will sit with Hamid personally to discuss your individual situation and forge a plan that fits you personally.