
Tax Planning
Discover and learn about the various options that you have available to effectively lower your annual tax liability and potentially increase your financial savings.
Individual Tax Planning at Torino Accounting Goup
At Torino Accounting Group, we tailor each client’s tax plan to fit their specific situation. We don’t use a boilerplate template and insert our client’s name. Tax planning requires a strategic approach that involves analyzing an individual’s financial and family situation. We utilize our in-depth understanding of applicable tax laws, deductions, credits, and available strategies to develop a customized plan, enabling our clients to make informed decisions and choose the strategy with which they are comfortable.
We don’t just consult with our clients in December. Effective tax planning involves year-end engagement to ensure our clients are taking proactive measures throughout the year, such as adjusting withholdings, funding retirement accounts, and considering the timing of income and expenses. This ensures that our clients are well-prepared for tax season and can take advantage of available benefits, ultimately leading to lower taxes, improved financial health, and increased savings.
We utilize a variety of strategies to ensure each tax plan matches our client’s tax situation, including:
Green Energy Tax Credits
Land Donations & Building Easements
Intangible Drilling Costs
Cash Balance Plans
At Torino Accounting Group, we believe educating our clients on their current tax situation is the best first step toward developing a comprehensive tax plan that can potentially help them keep more of what they earn. To start, we review your prior year's tax returns, take time to understand your situation, and identify potential strategies to reduce your annual tax liability.
Business Tax Planning at Torino Accounting Group
At Torino Accounting Group, we understand that corporate tax planning is not a one-size-fits-all process. Each business has a unique entity structure, financial situation, and challenges, which is why we develop custom strategies for every client. We take a strategic approach, diving deep into your business’s economic structure, operations, and industry-specific opportunities to craft a tax plan designed to maximize tax savings and drive growth.
Corporate tax planning is an ongoing process, not a one-time consultation. We work with our clients throughout the year to identify opportunities to reduce tax liabilities while aligning with their broader business objectives. This includes strategies such as optimizing depreciation, leveraging available credits, planning for capital investments, and considering the timing of income and deductions. By staying proactive, we ensure that your business remains agile in responding to tax law changes while maintaining your overall financial health.
Some Key Questions for Corporate Tax Planning:
How much of your revenue is going toward taxes, and how can this be reduced?
Are you taking full advantage of available tax credits, such as R&D credits or energy incentives?
Are your business operations structured to minimize tax liability?
How are changes in tax law impacting your business, and are you adapting effectively?
At Torino Accounting Group, we work with S-Corporations, Partnerships, C-Corporations, and Sole Proprietorships. Our process begins with a complimentary discovery session, during which we review your prior-year tax returns, gain a comprehensive understanding of your operations, and identify opportunities for improvement.
Our goal is straightforward: to provide your business with actionable strategies to reduce taxes, enhance cash flow, and reinvest in your success. Partner with Torino Accounting Group, and let us help your business navigate the complexities of corporate taxes with confidence and clarity.

“Many people believe that where taxes are concerned, they are victims, held hostage by an inevitable process that allows them no input, no control. This passive approach becomes something of a self-fulfilling prophecy; where people believe that they lack control, they seldom try to assert control.”
— Richard Carlson