Tax Planning

Planning & Consulting+

Planning for the best outcome down the road.

Our aim in tax planning and consulting is to set our clients up for maximum success. Whether you’re an individual, small business or large-scale entity, we consider it a privilege to work alongside you in formulating a forward-looking plan that will benefit you in the greatest way possible.

Regardless of the type or size of the entity we are working with, Henry & Peters begins every tax planning engagement by meeting with the client to determine their goals and needs for the particular project in front of us.

We provide tax planning and consulting for the following types of entities and also provide consulting on the type of entity and corporate structure that will be most effective for your business, whether new or existing:

  • Individuals
  • Partnerships
  • Limited Liability Companies (LLC)
  • Limited Partnerships
  • Corporations
  • S-corporations
  • Estates, Trusts and Gifts
  • Non-Profit

From day one of our consulting relationship, we carefully lay out the various options for accomplishing client goals, and make recommendations about the options we feel are most appropriate for the situation. We run income and tax projections to make sure we’re meeting the income and tax planning goals that are important to the plan and the client and that will ultimately maximize revenue. We can also connect clients with other professionals to carry out the legal and financial aspects of the particular transaction.

We know that tax planning situations often involve complex language and references that leave people feeling under-informed. At Henry & Peters we are intentional in framing our discussions in terms that everyone is familiar with using language that is easily digested. While we use complicated techniques to achieve results, we want you to understand your plan and feel informed and empowered regarding its execution.

Estate Planning

The transfer and preservation of wealth from generation to generation requires individualized attention and a customized plan. Henry & Peters can help you protect your estate by utilizing a variety of options, including lifetime gifts and inheritances, trusts for asset protection, investment management, business succession planning, multi-generational planning, life insurance planning, and more.

Business Planning

We feel an area of great value to our clients is our consultation on choice of business entity and structuring of business agreements. Whether you are launching, purchasing, acquiring or selling a business, we can assist you with a plan that meets your goals. Using techniques like tax free reorganizations and like-kind exchange agreements, we are here to help you make decisions that will minimize taxes and maximize the income you can retain for growth and distribution.

General Income Tax Planning

Individual tax planning demands an individual approach. The professionals within our tax department focus on getting to know the needs and plans of the individuals they work with in order to craft plans that will maximize after-tax income and profits for clients and their families.

Retirement Planning

Tax planning relative to retirement is an area that is highly personal and should be tailored to the individual’s goals and current situation. We help clients build sustainable retirement plans that utilize Individual Retirement Accounts (IRAs), simplified employer pensions (SEP), SIMPLE IRAs, pensions, profit sharing plans, 401(k), defined benefit plans, cash balance plans, and others. Whatever the structure, we work with you to craft a plan that will increase the amount you can save toward retirement and provide security in your retirement years.

Mergers & Acquisitions

Transactions around the purchase or sale of a business can have many potential outcomes relative to taxes paid and revenue retained. Henry & Peters can help you develop the most appropriate structure for mergers and acquisitions in order to minimize the tax costs and maximize the value of the transaction to you as the buyer or seller.

Charitable Planning

Giving to charitable causes is a noble act, and one that comes with some complexities. We help our clients set up giving plans with private foundations, community foundations, endowment funds, and other tax-advantaged giving programs to maximize benefits to the non-profit entity, as well as the donor.

Trusts & Estates

Clients interested in protecting the wealth they’ve acquired over a lifetime will find an adept partner in Henry & Peters. Without proper planning, up to 40% of an estate can be lost to transfer taxes. We structure the estates of our clients with trusts, gifts, family partnerships, and other entities to protect wealth for future generations.

Divorce & Support Issues

Henry & Peters assists in planning for the financial and tax consequences of divorce and separation. We provide foresight in helping clients wisely approach the division of marital property, such as real estate and other financial assets, and how to account for these changes in current and future tax years.

Tax Authority Representation

Working with different taxing authorities can be stressful and confusing. It requires great attention to detail and a significant time commitment. Often it’s hard to know what you’re supposed to do. Henry & Peters represents clients with taxing authorities, whether in an audit or handling correspondence and other types of inquiries.

"The entire team at Henry & Peters has been my lifesaver when starting my new business."

— Owner, Residential/Commercial Construction

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