Tax Planning Services

Tax Planning Services in Richmond, VA

Tax planning works best before the return is due. The RVA Accountant helps Richmond business owners, high earners, investors, and clients with K-1 or fiduciary income questions review the year while there is still time to make informed decisions about payroll, estimates, retirement contributions, entity strategy, and documentation.

Start Year-Round Tax Planning Before Filing Season

All CPA Services

Who This Is For

This service is for business owners, S-corp shareholders, high-income W-2 earners with side business or K-1 income, real estate investors, beneficiaries receiving estate or trust K-1s, and families with household payroll or child-employment questions.

It is especially useful when your income changes during the year, your business grows, you add rental property, you receive business, estate, or trust K-1s, or you want your tax preparation process to produce planning feedback for the next year.

What the RVA Accountant Handles

Mid-Year and Year-End Tax Projections
S-Corp Reasonable Compensation and Payroll Planning
Retirement Plan Strategy for Owners and High Earners
Accountable Plan and Owner Reimbursement Review
Entity Tax Strategy and S-Corp Election Timing
Multi-State Income and Estimated Tax Review
SALT and Pass-Through Entity Tax Opportunities Where Applicable
QBI and Deduction Planning Conversations
Beneficiary K-1 and Fiduciary Distribution Timing Review Where Relevant
Tax-Return Feedback Loop After Filing

Common Planning Triggers

Planning usually starts when income is higher than expected, estimates feel uncertain, payroll has not been reviewed, a new entity was formed, rental property was added, an estate or trust K-1 is expected, or the prior-year return created surprises.

Tax planning gives you a clearer view of likely outcomes and the records or decisions that should be addressed before year-end.

How the Engagement Works

The planning rhythm usually includes a mid-year projection, a Q4 planning review, estimated-tax updates, and a post-return feedback loop. For business owners, planning may also include payroll, reimbursements, entity structure, retirement plan options, and bookkeeping readiness. Estate or trust return preparation belongs on the Tax Preparation page, but planning can help with income-tax timing, estimates, K-1 expectations, and records before filing.

FAQ

When Should Tax Planning Start?

Start when there is still time to act, ideally mid-year or early in Q4. Planning after December 31 is mostly a review of what already happened.

What Is Included in a Tax-Planning Engagement?

The scope depends on your situation, but it often includes projections, estimated-tax review, entity and payroll planning, retirement contribution discussion, documentation review, and next-year action items.

Can Tax Planning Reduce S-Corp Audit Risk?

Planning can help an S-corp owner make more defensible payroll and documentation decisions. It cannot prevent audit selection or IRS review.

How Often Should Business Owners Update Tax Projections?

At least once before year-end, and more often when revenue, payroll, ownership, investments, or estimated taxes change materially.

Can Tax Planning Help with Estate or Trust K-1s?

Yes, planning can help you understand estimated tax needs, timing, and records when an estate or trust K-1 is expected. Estate or trust income tax return preparation is handled through the Tax Preparation service.

If filing season keeps creating surprises, start tax planning while there is still time to make decisions.

Start Year-Round Tax Planning Before Filing Season

HIRE US

The RVA Accountant, PLLC, takes a proactive approach to tax planning for small businesses and individuals. To effectively manage tax obligations, proper planning must be considered throughout the year, not just at tax time. Get started today by working with our RVA firm. With new tax updates looming, we diligently monitor changes to the tax code and pinpoint new opportunities to save our clients’ money on their taxes.

If you own an existing business, we’ll develop tax planning techniques tailored to your industry with the goal of decreasing liabilities and directing more revenue towards your bottom line. And, if you’re one of our individual clients, we’ll minimize your tax obligations to make sure you keep more of your hard-earned money at the end of the year.

Tax Planning for Business Owners

Take the initiative to start managing and reducing your tax burden today. Call us now at 804-923-4286 to learn how you can pay lower taxes or request a consultation through our website now and we’ll contact you.