Financial Advisory Services for Tax Planning
We Focus on Tax Planning and not just Tax Preparation
Tax preparation helps you stay compliant with tax law, but tax planning helps you to use tax law to your advantage. Our advisors work closely with your accountant to focus on the latter and maximize your tax planning opportunities.
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708.479.7755
Why Your Financial Advisor and Accountant Need to Communicate
Our firm has noticed that most financial advisors and accountants do not coordinate effectively with each other. This causes the following problems:
- Financial advisors are not always fully aware of every piece of your tax puzzle (e.g. employer stock options, real estate, private investments, etc.)
- Accountants are not always aware of the taxes that are being triggered in your investment accounts.
- Ultimately, poor communication leads to poor planning, missed opportunities, and tax inefficiencies.
How McCabe Provides Tax Value to You
Tax Planning Technology
By utilizing tax planning technology, our advisors can look at your entire tax picture and recommend strategies on both the federal and state level.
Document Handling
Our firm can collect and provide your tax documents to your accountant to make sure all of your investment information is being taken into account.
Estimated Gains
We can provide estimated gain information to your accountant to ensure you pay in enough tax each year and avoid interest and penalties.
Tax-loss Harvesting
We can communicate tax-loss harvesting opportunities to your accountant to help mitigate current and future tax bills.
Our Holistiplan Software Ensures Better Tax Planning
By utilizing Holistiplan, our cutting edge tax planning software, we can help integrate your tax returns and investment accounts to generate more efficient and better informed tax planning strategies for your family.
Let’s Discuss Your Tax Planning Needs
Using our virtual family office, you can meet with our advisors from the comfort of your own home while receiving the same level of service you deserve.
The McCabe Difference
We offer tailored experiences for high-net-worth and ultra-high-net-worth individuals.
We take a collaborative approach with other professionals.
We embrace traditional and cutting edge technology to match the times and offer you better solutions.
We prefer a depth of expertise in fewer areas, to being generalists.
We have over 40 years experience in this industry helping hundreds of clients.
Schedule A Meeting
Schedule a meeting with our advisors by using our Second Opinion Service, our advisors’ Calendly links, or simply call our office main line.
Meet With Your Advisor
Meet with your designated advisor virtually or in-person to get to know each other and the rest of your family. Many times, a follow-up meeting will be beneficial so you know the value that will be provided before you become a client of the firm.
Complete Our Onboarding Process
Assuming you and the advisor see the potential for a long-term relationship, our staff will guide you through our onboarding process to set up accounts with our custodian and join our portfolio monitoring system, Black Diamond.
Frequently Asked Questions
Does McCabe prepare tax returns in-house?
Although our system enhances clients’ tax planning, we believe it is important that our clients have a separate professional prepare their tax return so that we can focus on other areas of clients’ planning.
What if I already have an accountant? What if I am in need of one?
Many people meet great accountants before they meet us. We encourage an introduction to your accountant so we can help you properly plan. We have also vetted strong referrals for those individuals that do not have or want to switch accountants.
When should I be focused on my tax planning?
Every year is different, but it can be beneficial to review your tax planning shortly after you file your taxes in April and/or right before the end of the tax year in December.