Every Tax Season Arrives Sooner Than We Would Like,
Are You Prepared…?

Just as there is a really big difference between tax fraud, tax avoidance, and tax evasion, there is a distinction between tax planning and tax preparation. Unfortunately, many individuals mistake tax planning with tax preparing and use the terms interchangeably. Although both are very important, they’re two totally different things. Tax Planning is a long-term year-round activity while tax preparation gets the filing done.

What is Tax Preparation?
Tax Preparing is basically the process of compiling, preparing, and filing tax forms. This requires clients to meet with their tax accountant during the tax season. Tax preparation deals with past income and numbers that must be reported on the income tax return. The client provides the required information and the preparer records and tallies up those numbers to determine whether or not you owe money or receive a refund.

What is Tax Planning?
On the other hand, tax planning is more long term and evaluates the impact of life events to plan and benefit the client for going forward. It’s a year-round activity and requires a higher level of engagement between the client and tax team. Effective tax planning can help you to minimize your future tax liability.

Always make sure that tax planning is a part of your tax process as well as tax preparation. Tax preparation gets the filing done while tax planning enhances tax efficiency.

During each tax season we offer “In Home” tax preparation to individuals and home-based businesses who have registered for that service. Tax documents are prepared by our IRS Registered Tax Preparers and reviewed with the client prior to submission. Each taxpayer may interact with us or their preparer at any time, even post tax season. Records are securely maintained for their convenience. Individual prices range from $75.00 – $200.00 depending on the complexity of the return and include our audit protection guarantee. Business returns start at $200.00 and increase accordingly, again depending on the complexity of the return.

We can proactively manage both your personal and/or your business tax issues, including how upcoming events may impact your tax status and vice versa. Not all tax related issues are readily apparent. We understand the latest federal, state and local tax legislation and how new developments may affect you and/or your business.

**Service Disclosure**
Tax related discussions contained on this website are not intended to be used for the purpose of avoiding penalties under U.S. Federal tax law. Nothing will be added or deleted during the preparation of a return that would understate your tax liability.

The author of this website is registered to transact business in the following states…
New Jersey, Pennsylvania, Delaware and Maryland

non-securities related services provided through
Abacus Personal Finance an Independent Entity Not Owned or Operated by SA Stone Wealth Management
Newark, Delaware 19713 (800) 921-1945

securities products and services offered through
SA Stone Wealth Management - 2 Perimeter Park South Ste. 500W Birmingham, AL. 35243 (888) 404-2941
A Registered Broker-Dealer Member FINRA/SIPC

Content was developed from sources believed to be providing accurate information. This material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. All content presented on this website is for informational purposes only. It is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Providing said information does not, in any form, oral, written or otherwise, create, establish or develop a relationship between Abacus Personal Finance or its affiliated third parties with the reader of material presented herein.

Products and services available through SA Stone Wealth Management (unless stipulated) are not FDIC insured; not guaranteed by any bank and are subject to risks normally associated with those products or services including the possible loss of the principle amount invested.

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