Tax Planning
Tax planning is an ongoing process that helps individuals and businesses reduce unnecessary tax liabilities, uncover planning opportunities, and make more informed financial decisions. Hightower Signature Wealth combines the personalized guidance of advisors with our collaborative network of in-house specialists and trusted external partners to help clients navigate complex tax matters with greater confidence.
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Are you missing tax planning opportunities?
For many individuals, tax season is when they are most surprised and overwhelmed by the taxes they are required to pay back and by the options they have for deductions. Decoding the IRS website on your own to understand what is required of you can be challenging, especially if you’re a business owner, self-employed, have large investments, or have recently experienced a significant life event. This is where a financial advisor, along with certified tax professionals, like a CPA, can help you unlock opportunities that help lower your burden and create new opportunities to grow your wealth.
Helping to bridge the gap between tax preparation and wealth management
A tax filing is a record of the past, usually submitted when many savings opportunities have already passed. That’s why a strong tax strategy often relies on proactive planning. At Hightower Signature Wealth, we can coordinate with your CPA, bringing together wealth management and tax strategy to look for long-term savings opportunities ahead of time.
Comprehensive tax planning & advisory services
Tax Planning & Compliance
Business Owner Tax Services
Estate, Trust & Legacy Planning
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A coordinated team to support your tax planning
Tax laws are constantly evolving, and even seemingly straightforward financial decisions can create new planning opportunities or unintended tax consequences. Having the right team in place can help you stay informed, adapt to changing regulations, and make more informed financial decisions.
We understand that effective tax planning often requires more than one perspective. That’s why our advisors work alongside your CPA and other trusted professionals to help ensure tax strategies are coordinated, opportunities aren’t overlooked, and every recommendation supports your broader financial plan.
To support a wide range of tax needs, we connect you with the right resources for your situation. For clients with more complex tax matters, such as multiple Schedule K-1s, trusts, business entities, or sophisticated investment strategies, our dedicated in-house tax specialists provide advanced planning and guidance. For more traditional tax preparation needs, including W-2s, 1099s, Social Security income, and simpler K-1s, our relationship with EY helps provide comprehensive tax preparation and filing support.
See how we have helped guide our clients’ financial lives with clarity and purpose
Retired Senior Financial Executive at a Large CorporationWife, Parent, Mid-70sI chose the team after an extensive search because they tailored asset management to our family’s needs, including our two adult sons with special needs. Unlike our past advisors, they understood and prioritized our family’s objectives.
This individual is a client of Hightower Signature Wealth & Hightower Advisors, LLC. No compensation was given in exchange for their testimony. Client testimonials provided may not represent the experience of other clients and are not a guarantee of future performance or success.
- Clinical Psychologist Turned Business Owner After Husband’s DeathWidow, Parent, Late 60s
I never anticipated the emotions and strong connections I have with my team. They will be there for my children when I’m no longer here. My life is so much easier having them as part of the equation.
This individual is a client of Hightower Signature Wealth & Hightower Advisors, LLC. No compensation was given in exchange for their testimony. Client testimonials provided may not represent the experience of other clients and are not a guarantee of future performance or success.
- Retired Human Resources ExecutiveSingle, Caretaker of Mother, Mid-60s
My advisor has played a huge role in my planning process. My transition into retirement was well thought out. They helped consolidate my company stock and investments into one place and create a plan for retirement.
This individual is a client of Hightower Signature Wealth & Hightower Advisors, LLC. No compensation was given in exchange for their testimony. Client testimonials provided may not represent the experience of other clients and are not a guarantee of future performance or success.
- ENT Doctor Approaching RetirementHusband, Mid-70s
I have been a client for more than 20 years through changing markets and economic cycles. Their integrity, sound judgment, and client-first approach have earned my trust, and I highly recommend them to anyone seeking a trusted investment partner.
This individual is a client of Hightower Signature Wealth & Hightower Advisors, LLC. No compensation was given in exchange for their testimony. Client testimonials provided may not represent the experience of other clients and are not a guarantee of future performance or success.
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Have questions?
Tax preparation focuses on accurately filing your tax return based on what has already happened. Tax planning is proactive and looks ahead to identify opportunities that may help reduce taxes over time. At Hightower Signature Wealth, we help integrate tax considerations into your broader financial plan by coordinating with your CPA and evaluating how investment decisions, retirement planning, charitable giving, business ownership, and estate planning may affect your tax situation.
Yes. While your CPA prepares and advises on your taxes, a financial advisor helps make sure financial decisions throughout the year support your long-term goals. We work alongside your CPA to help identify planning opportunities before year-end, evaluate the tax impact of major financial decisions, and provide continuity between your tax strategy and your overall financial plan.
Anyone can benefit from proactive tax planning, but it often becomes more valuable as your finances become more complex. Business owners, executives with equity compensation, retirees, investors with taxable portfolios, individuals with multiple income sources, and families managing trusts or charitable giving often have additional planning opportunities that may not be apparent when preparing a tax return alone.
Yes. If your finances involve multiple Schedule K-1s, trusts, business entities, concentrated stock positions, or more advanced investment strategies, we can coordinate with our in-house tax specialists to help evaluate planning opportunities. For clients with more straightforward tax situations, we also work with trusted providers to help ensure your tax preparation and financial planning remain aligned.
Every strategy depends on your personal circumstances, but we commonly help clients evaluate opportunities such as Roth conversions, charitable giving strategies, tax-conscious withdrawal planning, capital gains planning, concentrated stock positions, business retirement plans, and the tax implications of selling a business or other significant assets. Our goal is to help you make informed decisions before those events create a tax consequence.
At a minimum, your tax strategy should be reviewed annually. However, if you are self-employed or own a business, more frequent reviews—often quarterly—may be beneficial as your income, expenses, and tax obligations change throughout the year. Additionally, major life events such as marriage, divorce, the birth of a child, a job change, the sale of a business, or receiving an inheritance may create new tax planning opportunities that warrant a review outside of your regular schedule.
Business owners are responsible for managing both their personal taxes and their business tax filings, leaving little time to stay on top of changing tax laws and planning opportunities. Beyond preparing annual tax returns, decisions around entity structure, owner compensation, retirement plans, business deductions, succession planning, and a future sale or transfer can all shape your tax strategy. We work alongside your CPA to help evaluate these opportunities and determine how they fit into your broader financial plan.
