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Tax planning for individuals in NY
Proactive tax strategies and advice that minimize your tax liabilities while still achieving your investment and other financial goals.
Tax preparation for individuals
Tax preparation season is probably not a season that you enjoy- especially if you are preparing your own taxes and you live in New York, New Jersey or Connecticut. A daunting task because of complicated, intricate and constantly changing regulations, it is nearly impossible to make sure you are completing your taxes properly and in a timely manner. This includes not underpaying but, more importantly, not overpaying–to increase your bottom line.
Scott M. Aber, CPA realizes your dilemma and has amassed a knowledge base of all facets of the tax preparation process. We prepare personal income tax returns, provide business tax services, and offer holistic financial advice. It’s always a good time for high net worth taxpayers to revisit their plan to see how they might be impacted and what opportunities there are to generate tax savings. The Scott M. Aber, CPA is a member of the American Institute of Certified Tax Coaches (CTC). Tax planning, identifying deductions and discovering credits or loopholes are just a few of the CTC’s strategic goals. The CTC organization demands advanced training, excellence and upholds a strict Code of Ethics, which is why they are less than 200 professionals in just 40 states who have been granted this elite designation.
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FREE 30 minute consultation
(845) 215-5969
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Scott M. Aber CPA Office Locations
In Rockland County:
10 Esquire Road #1
New City, NY 10956
In Manhattan:
228 East 45th Street, 10th Floor
Manhattan NY 10017
Pay Less Taxes
The reality is that paying more money in taxes does not make sense!
As an individual, an investor or a wage owner, you are entitled to all the tax shelters and tax cutting benefits granted by the law.
Even if these so-called loopholes are buried in complex tax codes.
As an individual, an investor or a wage owner, you are entitled to all the tax shelters and tax cutting benefits granted by the law.
Even if these so-called loopholes are buried in complex tax codes.
Pay Less Tax
Help with Taxes
We help individuals or businesses who owe the Internal Revenue Service (IRS), state or local money- be it for a current filing or previous years. We also assist when your taxes are on time, no money is owed and you just want to make sure your filing is completed perfectly. No matter what your circumstance is, the Scott M. Aber, CPA has the resources to settle your worries and remedy your tax situation
we can help
Does Tax Planning Work?
I will work with you proactively and year-round to help you develop a strategy for your finances.
Together, we will avoid that crunch time that most people dread when tax filing time comes around.
Years of experience in tax and accounting have allowed me to be on the cutting edge of tax code changes, new loopholes to minimize taxes and sound legal ways to help you and let you sleep peacefully.
Together, we will avoid that crunch time that most people dread when tax filing time comes around.
Years of experience in tax and accounting have allowed me to be on the cutting edge of tax code changes, new loopholes to minimize taxes and sound legal ways to help you and let you sleep peacefully.
strategies
Scott M. Aber, CPA offers unique cost and financial controls,
combined with our ability to operate efficiently with expertise.
Accounting and Tax services for Individuals
- Planning and Preparation of Individual Income Tax Returns for Federal and State Filings
- Year-round Tax Planning to Help Evaluate the Tax Effect of Financial Transactions
- Succession Planning/Gift-Tax Exclusion
- Insurance Considerations
- Capital Losses and Gains
- IRA Contributions and Plan Strategies
- Tax Planning for Investments, Pensions and Retirement Plans and Estates and Trusts
- Quarterly Tax Payment Calculations
- IRS Representation to Assist with Audits and Hearings/Conferences
- Hearing/Conference Representation for Examinations by Local, State, and Federal Authorities
fast foward thinking
2020 Year-end Tax Planning
This year brought challenges and disruptions that significantly impacted your personal and financial situations – COVID‑19, economic relief measures, new tax laws and political shifts.
Now is the time to consider your current tax strategies; first to ensure they are still meeting your needs, and also to take any last-minute steps that could save you money.
We are here to help you take a fresh look at the health of your tax and financial well-being.
support and guidance
Tax saving strategies to consider
If you have questions—no matter how small—on how they fit into your specific financial plan, let’s discuss it when you schedule a consultation.
Max out your 401k Distribution
Max out your HSA Contribution
You may donate to charity directly from your IRA to reduce taxable income, even if you don’t itemize.
Medical expenses are deductible in excess of 7.5% of Adjusted Gross Income (AGI) in 2020; will be 10% of AGI in 2021.
With uncertainty regarding the outcome of the U.S. Senate election in Georgia, it is better to take capital gains before December 31, 2020.
Use Long-term Capital Losses to Offset Short-term Capital Gains. Overall loss deduction is limited to $3,000
Scott has worked with my family for many years and he is very professional and experienced. After my wife passed away Scott and his staff were compassionate and helped to deal with financial issues that occur when a loved one passes away. Thank you!
Michael Noonan
Chief Financial Officer at Noom Inc
Client Feedback
results and trust
help and assistance
Year-End Planning Means Fewer Surprises
There are many other opportunities to discuss as year-end approaches. Strategies such as deferral of income or prepayment of expenses can help reduce your tax obligation—or a different approach might be more suitable for you. As always, planning ahead can help position you for greater success. With a full complement of tax planning and consulting services, we can work closely with your investment, financial, and estate planning advisors to ensure you have a coordinated team working toward the same financial goals.
