Tax planning encompasses many different aspects, including the timing of both income and purchases and other expenditures, selection of investments and types of retirement plans, as well as filing status and common deductions. Tax planning is an important element in any financial plan ensuring that your financial goals align with tax efficiency. The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient manner possible. Tax planning thus allows the other elements of a financial plan to interact more effectively by minimizing tax liability. Maximize your tax efficiency and benefit from the tax planning expertise available at Sgroi Financial.