Tax Services
The best outcomes for our clients result from strategic,
proactive and timely tax planning.
At Parsec Financial, we integrate our tax services with your wealth management and financial plan to provide solutions that help minimize the taxes you owe. Tax services includes both tax return preparation and tax planning.
This encompasses planning for critical events in business and personal life, such as:
- Purchases or sales of business and investment assets
- Retirement planning
- Estate considerations
Call today for more information on our in-house tax compliance and planning solution.
Latest Thought Leadership:
Tax-Loss Harvesting Amidst Market Turmoil
Market declines like the one we are currently experiencing present great opportunities to take advantage of cheaper asset prices. Almost everyone with a taxable account should be harvesting tax losses during times like these.
Paying for College: Tax Savings
The tax law changes of 2018 eliminated the tuition and fees deduction for college expenses. There are still several ways to save on taxes when saving for and paying for college.
IRA Contribution Rules
The maximum contribution for 2020 contributions is $6,000 ($7,000 if age 50 over over). There are income limits which determine whether you can deduct your Traditional IRA contribution or if you qualify to make a Roth contribution.