A common oversight in tax planning is having tunnel vision on the taxable entity – individual, corporation, trust, etc. – without consideration of the broader structures it is integrated with.
Where multiple taxable entities are present, significant additional tax savings can often be realized by integrating the various entities into overall tax planning.
Examples where tax savings can be achieved through integrated planning:
Taking a step back to see the big picture and understand all the variables that can be included in an integrated tax plan can result in significant tax saving opportunities. Structuring the flow of income for the integrated whole, rather than just a single taxable entity, will allow you to reduce your overall tax bill.
Covenant Family Wealth Advisors' certified financial advisors and business succession planning experts help guide families through the technical and emotional aspects of managing wealth, estate planning and business succession. Our experienced financial management team uses a Christian perspective that is rarely found in traditional financial planning, and we work closely with you to develop a personal Holistic Stewardship Plan that encompasses financial planning, estate planning, family business transition and philanthropy.