Proactive tax planning to help you keep more of what you earn
Taxes touch nearly every part of your financial life. We help you plan ahead, coordinate with your CPA, and make tax-smart decisions throughout the year.
A Tax-Focused Strategy
Many advisors overlook the tax implications of their recommendations, missing valuable opportunities to reduce your tax burden. Our tax-focused approach helps you make the most of every dollar.
Helping You Pay Fewer Taxes
While we don’t prepare your taxes, we work alongside you to leverage proactive tax optimization strategies. From managing capital gains to leveraging tax-advantaged accounts, we make sure your financial strategy is as tax-efficient as possible.
Just some of the income tax planning questions we help you answer:
How can I reduce the taxes I owe on investment gains?
How can retirement contributions help lower my taxable income?
What can I do before year-end to reduce my tax bill?
Am I paying more in taxes than I need to?
Is my business structured in the most tax-efficient way?
What tax moves should I consider when my income is higher than usual?
Strategies to Grow Your Wealth and Reduce Taxes
Here’s how we can help:
- Maximizing Tax Efficiency
We review your tax returns as needed to identify strategies that can help reduce your tax burden over your lifetime, keeping more of your wealth working for you.
- Proactive Tax Planning
Your tax situation is regularly assessed to anticipate changes in tax laws and uncover opportunities to optimize your financial strategy before they arise.
- Smart Charitable Giving
We help you think through charitable giving strategies, including appreciated securities and other in-kind donations, so your giving is both meaningful and tax-conscious.
- Tax-Efficient Investment Management
Through strategies like tax loss harvesting, tax lot accounting, and tax-aware trading, we work to minimize capital gains taxes and enhance the performance of your investments.
- Leveraging Tax-Advantaged Accounts
We help you maximize the benefits of accounts like health savings accounts, IRAs, Roth IRAs, and 401(k)s to improve tax efficiency while staying on track with your financial goals.
- Business Tax Strategies
For business owners and self-employed professionals, we look at how your business structure, income, retirement contributions, and cash flow may create tax-planning opportunities.
- Collaborating with Your CPA
We work seamlessly with your tax preparer to ensure your tax strategy is fully integrated with your overall financial plan, creating a cohesive approach to managing your wealth.
What our clients say about working with us:
These testimonials have been provided by clients of TrueNorth Wealth as of 01/01/2026. They have not been paid or received any other compensation for sharing their opinion and experience with our firm.
Working with Us
Common Income Tax Planning Questions
Do you prepare tax returns?
No. We do not prepare tax returns, but we work closely with your CPA or tax preparer to ensure your tax strategy and financial plan are working together.
How is tax planning different from tax preparation?
Tax preparation looks back at what has already happened. Tax planning looks ahead. We help you make decisions throughout the year to reduce taxes, improve efficiency, and support your broader financial goals.
Can you help me pay less in taxes?
We look for tax-saving opportunities across your investments, retirement accounts, charitable giving, business income, and other finances. While no advisor can promise tax savings, proactive planning can help you avoid missed opportunities.
Can you help with year-end tax planning?
Yes. We can help you review potential year-end moves such as retirement contributions, charitable giving, capital gains planning, Roth conversion opportunities, and other strategies that may affect your tax bill.
Can you help reduce taxes on investment gains?
Yes. We consider strategies such as tax-loss harvesting, tax lot accounting, and tax-aware trading to help manage the tax impact of your investment decisions.
Do you help business owners with tax planning?
Yes. For business owners and self-employed professionals, we evaluate your business structure, income strategy, retirement contributions, and cash flow to create tax-planning strategies.
Should I involve my CPA in the process?
Yes. Your CPA plays an important role in your tax life. We coordinate with your CPA so your tax strategy is connected to the rest of your financial strategy.
Do I need tax planning if I already have a CPA?
Often, yes. Most CPAs focus on filing your return and staying compliant. We focus on how tax decisions fit into your investments, retirement planning, charitable giving, business income, and long-term financial goals.
Are there any commitments involved with the free strategy session?
This session is a chance for us to get to know you, understand your financial goals, and offer initial advice and recommendations — completely obligation-free. Whether or not you choose to move forward is entirely up to you.
Recent Tax Strategy Articles
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If you’re a self-employed business owner with employees, choosing the right structure sets the foundation for your growth, protects your personal assets, and keeps you compliant as your business becomes more complex.
Key Tax Planning Steps for the Second Half of the Year
Whether you had a large one-time payment or discovered gaps in your planning, it’s not too late to make adjustments for the rest of the year.
5 Valuable Tax Deductions for Self-Employed Professionals
Taking the leap from traditional employment to self-employment is an exciting milestone, but it also comes with a unique set of financial responsibilities—especially when it comes to taxes.
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