EP 104 - When to Start Tax Planning

The Mark Perlberg CPA Podcast

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17d ago 17:21

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Tax planning timing is crucial for maximizing wealth and minimizing your tax burden, with most people waiting too long and missing significant opportunities for savings and financial growth.
• When to start tax planning if you have business income volatility or uncertainty
• How one-time events like RSUs, capital gains, or inheritances should trigger planning
• Why waiting for tax law changes like bonus depreciation can cost you significantly
• Complex tax strategies often take months to set up properly with multiple professionals
• Immediate tax savings by reducing W-2 withholdings or quarterly estimated payments
• Family-based strategies need time for proper implementation during the tax year
• Advanced planning reduces stress and prevents last-minute poor decision making
• Earlier implementation means more time for investments to generate both tax advantages and economic returns
• Hiring the right tax professional early gives you time to change if needed
Visit prosperalcpa.com/apply or taxplanningchecklist.com to learn more about implementing these strategies and taking control of your financial future.

Chapters

1. When to Start Tax Planning (00:00:00)

2. One-Time Events and Tax Law Changes (00:03:10)

3. Why Acting Now Matters (00:05:48)

4. Immediate Benefits and Tax Withholding Reductions (00:08:44)

5. Family Strategies and Avoiding Year-End Stress (00:11:26)

108 episodes

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