As the housing market remains hot, estate planning is often among real estate agents’ priorities. However, early planning with the financial experts at Golden Tax Relief is one strategy brokers can now use to reduce their current tax burden while keeping an eye on the future.
Interested parties can learn more at https://www.goldentaxrelief.com
The tax consultancy announced its updated estate planning options to encourage more professionals in the industry to start estate and tax planning long before retirement. By planning early, agents can leverage a wide number of options. These options narrow the closer professionals get to retirement, Golden Tax Relief explains.
When housing prices soar, real estate professionals benefit. Between 2019 and 2022, housing prices rose by as much as 42 percent in some regions of the country, according to the National Association of Realtors. Rising interest rates have cooled demand a bit, but prices aren’t dropping anytime soon. Busy agents working to keep up with the market may not have had a chance to stop and take stock of their financial situation, which can lead to unpleasant tax liability surprises.
While estate planning may not seem like a high priority, financial experts at Golden Tax Relief say that delaying it can eliminate certain opportunities. Reducing the corporate tax burden is a long-term strategy, not a quick fix. Interviews with each client and reviews of previous tax returns help experts get a picture of where each agent is at, and where they want to be.
Rather than using technicalities and loopholes, the advisors use legal methods consistently proven to lower tax liabilities. These methodical plans and above-board strategies often help businesses save far more than they pay in planning fees.
Clients consistently praise the experts at Golden Tax Relief for their wealth of knowledge. They’re known for their ability to simplify complex issues and put customers at ease.
“The strategy Ben (Golden) put together and implemented was amazing,” one customer said. “This was a process that was very overwhelming to me, but Ben and his team were with me every step of the way and at the end we did a victory dance. I can never thank them enough.”
For more information, visit https://www.goldentaxrelief.com/family-business-tax-planning
Golden Tax Relief
100 South York Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Biz Power News journalist was involved in the writing and production of this article.