Tax preparation focuses on reporting what has already happened in the past.

Tax advising focuses on planning for the future.

Advisory services can provide you the information you need to make informed decisions instead of costly mistakes that show up in April.

Taxfolio Advisors provides EA and CPA-led tax strategy, small business tax advisory, S-corp strategy, and personal tax planning for high-income households. We coordinate with your bookkeeper. If you need bookkeeping, we can coordinate that with our bookkeeping partners so that today’s decisions are based on your current picture, not on last year’s tax return.

Think of your CPA as an all-around player while your Enrolled Agent is your special teams player – focused on your tax picture. While CPAs are usually licensed in one state with practice privilege across jurisdictions, an Enrolled Agent is credentialed by the IRS and has federal tax practice authority for all 50 states. Many CPA firms hire EAs to complete tax work for their clients. CPAs and EAs work together on the same type of tax work, often in equal positions on the same tax teams.

Closed, reconciled books are important to allow us to provide you with estimated tax payments, entity decisions, and review of reasonable compensation.

• Owner-led businesses, where businesses have payroll, contractors, equipment, and where new plans for the business are in development or on the horizon
• Trade and craft entrepreneurs, who run their own book of business
• High net worth individuals, including executives who have circumstances unique to their positions, such as stock options and other equity assets
• Individuals who seek personal tax planning to better prepare themselves for their future

You are invited to a free strategy consultation by scheduling a video call and to see if it is a fit for you. Before our call, you will be provided a secure upload information and instructions. Please be sure to upload relevant documents and your prior year’s tax return to our secure portal. After the call ends, you will receive a Summary by email that includes the topics we spoke about and the estimate of the cost of services you may be interested in. You’ll know what the cost of services are before we begin your tax work. Total cost is subject to change if more tax documents and/or information changes after the initial quote.

Yes. Taxfolio Advisors engages with owners and individuals from all 50 states. We also assist with taxpayers located abroad by delivering expat tax returns. 

Yes. We assist with taxpayers located abroad by delivering expat tax returns. 

1. Self-Scheduled Appointment: We receive your self-scheduled appointment request for one free 25-minute consultation.
   • During your free advisory session, we focus on the two topics you named when making your appointment.
   • The advisory session focuses on strategy and is not a sales call. If we aren’t a fit for you, we part ways with no hard feelings.
   • Prior to the free advisory session, we send a link with instructions to upload relevant tax documents and to upload your prior year’s tax return.
2. Free Consultation Takes Place: After your free consultation, you are sent a confirmation email with a link to a video call at your appointment time.
   • If you would prefer to have a phone call instead, simply reply to the confirmation email with your preferred phone number and you will be called at the established appointment time.
3. A Tax Summary: You will receive a Tax Summary by email that is a recap of what we discussed in our session. That email will also provide you the information to the following:
   • The upfront cost of desired services (this is the cost unless new information presented later changes the scope of work required).
   • Instructions on how to Sign your Engagement Letter online (this gives us permission to begin work)
   • Use the secure link to sign into your unique portal to upload the rest of your tax documents and the prior year’s tax return in a secure manner. 
   • Tax work does not begin until you have uploaded all tax documents.
     • If you need assistance with uploading your documents, please contact Cristiana and she will be happy to assist you by phone.
     • Please do not email sensitive documents containing personal and/or sensitive information. Only provide this information through your secure portal.
4. Ongoing Communication: Once your tax work is complete, you will be informed right away. All sensitive communication happens via the secure portal.
5. Review Your Tax Return: We will have a final half-hour advisory session to review your completed tax return and answer your final questions before e-filing takes place.
   • This is usually a video call unless you prefer a phone call. This call is included in the price of your tax work.
6. E-Filing: Your tax return is placed in cue for e-filing. When the invoice is paid in full, the tax return is e-filed.
7. Tax Return Acceptance: After the IRS accepts the return, you receive a confirmation of IRS acceptance email.

Not at all. A secure link is provided for uploading your tax documents. Just upload tax information relevant to your two topics and upload your prior year’s tax return.

After we have spoken for about 20 minutes, we make a plan to meet your needs. You will be emailed a Tax Summary of our discussion. If you want to engage Taxfolio Advisors in tax work, your invoice will be provided upfront along with your Engagement Letter. Your email will provide additional information specific to your situation.

Once engagement of services begins, clients receive access to our secure client portal for uploading tax documents, signing forms, and communicating with our team. Please do not send Social Security numbers or tax documents through ordinary email.

This is a wealth strategy that follows the following formula:

1. Buy real estate assets that generate income and grow in equity.

2. Use the assets to borrow funds. This provides cash without creating taxable income.

3. Keep the asset until you die. The heirs receive a “stepped up” basis that eliminates decades of unrealized gains (they aren’t taxed on the gains).

• How to borrow against your assets instead of selling them and what kind of assets this includes
• How borrowed funds are usually not taxed as income
• Step up basis: How unrealized gains are eliminated
• How it applies to you based on your income

Yes, most likely. The IRS likely sees your side hustle as a business. That means you need to track information monthly, have separate banking, report all income from pay apps, and claim deductions to lower tax liability. We can help you sort this out.

If you provide rideshare, delivery, or online services that result in online payments to you, the IRS can track the payments through third-party apps like Venmo and sometimes the platform you work with will issue a 1099. Let’s make sure you report your gig income correctly and let’s talk about how to access the 1099, if one has been issued to you.

Let’s get ahead of your taxes. By evaluating where your business is now and providing you with information to make the decision that’s right for you, we can make plans to avoid tax headaches with the IRS.

It depends. Some may benefit from a formation while others do not need to take this step. We can discuss the ins and outs of what a particular formation requires and what it costs.