PRIVATE CLIENT SERVICES
Our goal is to minimize your taxes with customized tax strategies.
Services that protect and grow your wealth for the future.
Our experts work closely with you to assess your situation to provide tax and financial planning solutions that deliver maximum value and minimize tax exposure. Smith Schafer coordinates all aspects of your financial plan and individual tax strategy for comprehensive solutions that help you meet your goals. Our Private Client Services Department is experienced in estate, gift, trust tax planning and compliance, charitable giving, retirement, and financial planning.
Private Client Services:
- Income Tax Planning & Preparation for Complex Individuals
- Charitable Giving & Planning
- Estate Tax Advising, Reporting & Tax Return Preparation
- Gifting Strategies & Reporting
- Retirement Planning
- Succession Planning
- Trust Tax Planning & Tax Return Preparation
- Financial Planning
- Wealth Management
YOUR FUTURE CAN BE MORE SECURE WITH OUR HELP.
Because we understand your individual tax situation and changing state and federal tax laws, we can help you determine appropriate immediate and long-term financial strategies. Our Private Client professionals can show you ways to plan for your future while reducing your current and future tax obligations.
Private Client Resources
New Options for Health Reimbursement Arrangements
Most small employers with less than 50 full time employees wanted to offer limited health benefits to their employees, but were restricted by the Affordable Care Act (ACA) to offer certain health reimbursement arrangements (HRAs) not integrated with other employer group coverage. Employers faced significant IRS penalties of $100 per “affected individual,” per day for offering HRAs to cover health insurance costs for the purchase of plans on the individual market.
Pros and Cons of Roth IRAs
Annual contributions to IRAs, including Roth IRAs, are now capped at $5,500 ($6,500 if you’re 50 or older).