Tax Strategy & Planning

Essentials Accounting’s comprehensive approach is what makes the difference. We create a tax plan to help reduce tax liabilities. In addition to tax planning and preparation, we get to know you, your family, and your business so we can provide you with solutions based on an intimate knowledge of your needs.

Types of Tax-Deferred Accounts

• Traditional IRAs.

• Retirement plans like 401(k) plans, 403(b) plans, and 457 plans.

• Roth IRAs.

• Fixed deferred annuities.

• Variable annuities.

• I Bonds or EE Bonds.

• Whole life insurance.

• College savings plan

Tax-free accounts

• Municipal bonds

• Health savings account (HSA)

• Flexible spending accounts (Health and Dependent care)

• Tax-free savings account