Year-Round Tax Guidance for Individuals and Businesses
Reducing your lifetime tax burden starts long before April. A proactive approach to tax planning services in Jacksonville, FL, means reviewing your income, investments, and retirement accounts throughout the year – not just at filing time.
What Tax Planning Actually Covers
Tax planning within a financial plan is broader than most people expect. Standalone financial planning includes cash flow and retirement planning, investment analysis and recommendations, insurance planning, tax planning, estate planning, and advice on many other areas of personal finance.
For individuals, key planning areas typically include:
- Roth conversion analysis and retirement account withdrawal sequencing
- Estimated quarterly tax payments for self-employed clients
- Coordinating investment account distributions with income thresholds
- Reviewing withholding after raises, bonuses, or major asset sales
For business owners, the scope expands further. Business ownership or self-employment planning can include retirement plan setup, estimated quarterly taxes, income smoothing, and entity structure evaluation.
The legislative backdrop matters too. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, has reshaped tax compliance and planning, presenting new challenges and opportunities. Congress extended many provisions of the Tax Cuts and Jobs Act of 2017 that were set to expire, touching nearly every aspect of the tax code with significant implications for individuals, businesses, investors, and nonprofits.
How a Fee-Only Fiduciary Approaches Tax Planning
Working with a fee-only fiduciary planner is structurally different from working with a tax preparer. A planner looks at the full picture rather than a single year’s return.
Holistiplan is a software program that allows advisors to do powerful tax planning for clients. While they don’t prepare tax returns or give tax advice on specific novel questions, they can provide tax planning to help clients take advantage of opportunities across multiple years.
Advisors will work alongside clients and their other advisors, such as a CPA and estate planning attorney, helping to coordinate tax and legal decisions. This coordination model is especially useful when a client faces a complex year – selling a business, receiving deferred compensation, or inheriting retirement assets.
If a client is selling a business or will have payouts from deferred compensation plans, multi-year planning can find ways to reduce the tax burden over time.
One area where this matters significantly: for 2025, OBBBA increased the itemized deduction cap for state and local taxes (SALT) to $40,000 for single and joint filers. Timing deductible payments and reviewing your withholding before year-end can make a measurable difference. The IRS Tax Time Guide provides a useful reference for individual filers navigating these changes each season.
Comparing Service Approaches for Jacksonville Clients
Not every client needs the same level of ongoing support. The table below outlines how different planning arrangements address tax-related needs.
| Service Type | Tax Planning Included | Ongoing Advisor Access | Best Fit |
| Standalone / One-Time Plan | Yes, as part of the full plan | No | DIY investors wanting a clear roadmap |
| Integrated Financial Planning | Yes, with regular reviews | Yes, unlimited | Clients delegating ongoing financial decisions |
| Hourly Financial Planning | Yes, focused on specific questions | Per engagement | Targeted needs like entity structure or Roth analysis |
Together Planning provides transparent, hourly financial planning with no asset minimums or long-term commitments. A one-time plan generally costs $4,950 with no ongoing costs or hidden fees.
As fee-only fiduciaries, they do not receive commissions or any other form of compensation from any person or entity other than their clients.
Frequently Asked Questions
Can your team prepare my tax return?
Together Planning is not authorized or qualified to prepare or amend the filing of personal income, gift, or estate tax returns. Tax planning within a financial plan is distinct from tax preparation – your CPA handles the return, while your planner helps structure decisions that reduce what you owe over time.
When is the right time to start tax planning?
Year-round is the honest answer. Additional planning reviews may be conducted based on triggering circumstances, including contributions and withdrawals, year-end tax planning, market-moving events, and changes in risk or return objectives. Waiting until December limits your options.
What if I own rental properties or a small business?
Rental real estate planning can include evaluating income, expenses, depreciation, financing, and the tax treatment of investment properties within the broader financial plan. Business owners can also get help with entity structure and retirement plan setup.
How does tax planning connect to retirement planning?
Advisors make recommendations for developing a tax-efficient and coordinated plan for withdrawing funds from investment accounts during the retirement phase. The goal is to sequence withdrawals in a way that keeps lifetime taxes as low as possible, not just to minimize the current year’s bill.
Jacksonville residents looking for coordinated, year-round guidance can schedule a complimentary introductory call with Together Planning Jacksonville to discuss whether their planning services fit your situation. The firm serves individuals, families, and business owners from its Southpoint Drive office in Jacksonville, FL.
