Advanced Tax Planning Services
HEMLOCK SERVICES
- Cost Segregation StudyCost Segregation Study
- Outsourced CFOOutsourced CFO
- Tax InsuranceTax Insurance
- Tax ResolutionTax Resolution
- Real Estate ConsultingReal Estate Consulting
- Bookkeeping ServicesBookkeeping Services
- Research and Development Tax CreditResearch and Development Tax Credit
- Ecommerce ConsultingEcommerce Consulting
- Other Tax Credit ServicesOther Tax Credit Services
- Advanced Tax Planning ServicesAdvanced Tax Planning Services
- Trust and Estate Tax ReturnsTrust and Estate Tax Returns
Let us help you!
If you have any questions or need assistance, feel free to get in touch. We typically respond within one business day. For urgent matters, you’re welcome to call us directly.
Contact Info
- (1) 423-765-2283(1) 423-765-2283
- Info@hemlockfinancialgroup.comInfo@hemlockfinancialgroup.com
At Hemlock Financial Group, we tailor bespoke tax planning services to minimize liabilities and align with each client’s long-term goals. Taxes impact all aspects of a client’s finances, so our advisors integrate tax planning into the overall wealth plan. We work proactively year-round (not just during filing season) to identify strategies like retirement contributions, charitable giving, or loss harvesting.
As one advisor notes, “minimizing taxes is essential” to protecting your lifestyle and legacy, so we make proactive tax strategy an integral part of your financial plan. For qualifying clients, we even back our advanced planning with a guaranteed ROI on our service.
Advanced Tax Planning
Our Advanced Tax Planning combines strategic analysis with hands-on implementation. We continuously review your situation throughout the year – for example, making prior-year retirement contributions in the spring, adjusting withholding in the fall, and optimizing investments in the winter. This year-round approach means we catch opportunities early (such as tax-loss harvesting or Roth conversions) instead of waiting until tax season.
As Mercer Advisors emphasizes, a smart tax strategy requires year-round planning and action, so every financial decision we make considers its tax impact. With this holistic process, clients can maximize deductions and credits and focus on their goals, knowing each move has been optimized for tax efficiency.
Charitable Holding Company
For clients with very large incomes or business profits, we can recommend a charitable holding company strategy to combine tax savings with philanthropy. In this structure, a portion of corporate income is legally donated to a charity under favorable tax rules. Tax advisors recognize it as an advanced giving strategy.
By channeling funds through a charitable entity, clients can often deduct those donations and reduce taxable income, while still directing support to their chosen causes. Implementing a charitable holding company requires careful planning and compliance, but for the right client, it effectively lowers tax liability and fulfills philanthropic goals simultaneously.
Trust and Estate Planning
To protect wealth and reduce estate taxes, we integrate trust and estate planning into our tax strategies. Our team helps draft custom trusts and estate documents so that your wishes are fully carried out and aligned with your financial plan. Trusts offer key advantages: Creative Planning notes that trusts “typically allow for much simpler tax planning than wills,” since you can anticipate and minimize multiple layers of estate taxes.
By establishing living trusts, irrevocable trusts, or other vehicles, we can avoid probate, preserve privacy, and significantly reduce transfer taxes. In short, our estate strategies ensure more of your wealth passes to heirs (or charities) with less lost to taxes.
Tax Credits and Deductions
We make sure you claim every eligible credit and deduction. This includes industry-specific incentives (such as R&D tax credits) and broader programs (like the Work Opportunity or ADA-accessibility credits). Our experts review business operations and personal activities to identify qualifying credits. For businesses, Creative Planning highlights using “expertise in navigating complex programs to help maximize the value of available credits and incentives”. In practice, that means we’ll analyze payroll tax strategies, energy-efficiency incentives, hiring credits, and more.
On the deductions side, we ensure all valid business and personal expenses are documented (from accelerated depreciation to healthcare deductions) to lower your taxable income. Together, these credits and deductions can substantially reduce your tax bill and improve cash flow.
Exit Planning
For business owners planning a sale or succession, our Exit Planning services maximize value and minimize taxes. An effective exit plan turns a one-time event into a long-term wealth-building opportunity. Early in the process, we set goals and timelines, arrange proper business valuations, and coordinate with legal, tax, and investment specialists. When the time comes to sell or transfer ownership, we employ tax-smart strategies: for instance, offsetting capital gains through tax-loss harvesting or structuring installment sales.
Creative Planning emphasizes that a liquidity event “offers unique tax planning opportunities,” and our customized approach ensures we “reduce tax exposure and support post-exit independence”. By starting well before any sale, we help you maximize your ROI and secure your financial legacy.
Entity Structuring
Choosing the right legal entity can itself be a powerful tax strategy. We advise on entity structuring (LLC, partnership, S-Corp, C-Corp, etc.) so your business grows in value with minimal tax drag. As one tax strategy guide lists, common structures include partnerships, S and C corporations, and various special-purpose entities. Each option has different tax rules (for example, an S-Corp election can reduce self-employment taxes, while a C-Corp can retain earnings).
Hemlock analyzes your business model and goals to recommend the form that optimizes liability protection and tax efficiency. Proper structuring in advance helps you save on taxes as your company earns more, making the business itself more valuable when it’s time to sell.
Frequently Asked Questions about Advanced Tax Planning Services
Advanced tax planning is a proactive, ongoing process of minimizing taxes throughout the year – not just at filing time. It often involves strategies like tax-loss harvesting, timing income and deductions, and optimizing retirement contributions. We work closely with your financial plan so that every decision takes tax implications into account. As Mercer Advisors puts it, “minimizing taxes is essential” to protecting wealth, so we integrate tax strategy into each financial move.
A charitable holding company lets a business owner route a portion of corporate income to a charity, which can qualify as a deductible donation. The company’s profits (up to certain limits) become tax-exempt gifts, lowering the owner’s taxable income. While complex, this approach is a recognized advanced strategy for high-income individuals. It aligns tax savings with philanthropy, effectively reducing the business owner’s tax bill while supporting chosen nonprofit causes.
Trusts are powerful tools for both tax reduction and asset protection. Unlike a will, a properly funded trust avoids probate and allows you to plan for estate taxes on multiple levels. Creative Planning notes that trusts “allow for much simpler tax planning than wills” because you can control how and when assets are distributed. By transferring assets into trusts (revocable, irrevocable, life insurance trusts, etc.), you shield them from probate fees and often reduce estate and gift taxes, meaning more wealth is preserved for your heirs.
Potential tax credits include R&D credits (for innovation or product development), Work Opportunity Tax Credits (for hiring from certain target groups), ADA credits (for making facilities accessible), energy-efficiency credits, and more. We review your activities (business, property improvements, charitable gifts, etc.) to find credits like these. Such credits are dollar-for-dollar tax reductions. As noted by Creative Planning, we specialize in finding and maximizing “available credits and incentives” so you pay less tax overall.
The best time to begin exit planning is well before you intend to sell or retire. Ideally, start years in advance so you can grow the business value, secure the right succession structure, and time the market. Creative Planning advises that planning early “often involves researching current trends” to estimate future business worth. Early planning also gives us time to set up succession gifts, trusts, or buy-sell agreements so that when you do exit, the outcome is smooth and tax-efficient.