The area of taxes is a major component of any individuals’ or businesses’ financial situation. The old adage, “A penny saved is a penny earned” applies quite well to the area of taxes. Each dollar you are able to save in taxes is an extra dollar you are able to enjoy.
The knowledge of tax laws and the implementation of a tax conscious strategy can have a significant impact on the amount of money that ends up “in your pocket.” Furthermore, proper tax planning done today can allow one to avoid a potentially devastating income tax or estate tax liability in the future. At Ikom Partners, our efforts to increase our client’s wealth include strategies for making money, as well as strategies for effectively retaining money, through minimizing taxes.