Tax Planning &
Advisory Services

Make informed decisions before income, transactions, purchases or other financial changes become tax consequences.

Speak With an AdvisorExplore our approach

Start with a conversation about your circumstances, priorities and the appropriate scope of support.

When tax questions require more

When your tax questions need more than an annual return

As your income and financial responsibilities grow, individual decisions can affect several parts of your tax picture. Planning creates an opportunity to review those connections before filing season.

Business owners

Entity structure, compensation, transactions, growth and changing business circumstances.

Investors & property owners

Real estate transactions, rental income, acquisitions, dispositions and multi-state considerations.

Individuals with complex income

Multiple income sources, equity compensation, investments, business interests and major financial events.

Tax Planning & Advisory

What our tax planning services can cover

The engagement is defined around your circumstances. Depending on your needs and the agreed scope, planning may include:

Discuss your priorities
  1. 01

    Tax projections and estimated payments

    Review expected income, available financial information and payments already made to evaluate your projected tax position.

  2. 02

    Business structure and owner compensation

    Consider the tax implications of your current entity treatment, compensation and distributions, with legal coordination where needed.

  3. 03

    Business and personal tax coordination

    Review how business activity, ownership interests and pass-through income affect your individual tax picture.

  4. 04

    Income, deductions and transaction timing

    Evaluate relevant timing considerations and documentation requirements around income, expenses and planned transactions.

  5. 05

    Investment, rental and significant asset transactions

    Discuss the tax considerations associated with reported investment income, rental activity and proposed purchases or sales.

  6. 06

    Year-round tax advisory

    Revisit relevant planning questions as income, business activity or significant circumstances change, where ongoing support is included.

Planning vs. Preparation

What is tax planning—and how is it different from tax preparation?

Tax preparation reports the income, expenses and other information required for a completed tax year. Tax planning evaluates how current circumstances and possible decisions may affect your taxes.

MFS connects these areas by reviewing the records behind your income, considering relevant options and explaining the assumptions and requirements that influence a recommendation.

Tax preparation

Looking back

What happened?

Reporting

Compliance

Historical

Tax planning

Looking forward

What should happen?

Modeling

Decision support

Proactive

Preparation reports the result. Planning helps shape it.

MFS Approach

Understand the decision, the assumptions and the next steps

A useful planning discussion should leave you better able to understand your situation. We explain the relevant considerations, the information supporting the analysis and the actions that may require further review.

  1. 01

    Understand

    Establish the decision, facts and financial context.

  2. 02

    Analyze

    Model relevant options, assumptions and tax effects.

  3. 03

    Advise

    Explain the tradeoffs and a practical course of action.

  4. 04

    Implement

    Define timing, documentation and responsibilities.

MFS expertise

Technical guidance led by an IRS Enrolled Agent.

Tax planning at MFS is led by an IRS Enrolled Agent, a federally authorized tax practitioner empowered to represent taxpayers before the IRS.

  • Federal tax practice
  • IRS representation
  • Business & individual taxation

About MFS About the EA credential

Who We Advise

Tax planning becomes especially important when something is changing.

  1. 01Your income has increased substantially.
  2. 02You are buying or selling a business.
  3. 03You are purchasing real estate.
  4. 04You own multiple entities.
  5. 05You are considering a yacht or aircraft purchase.
  6. 06You receive significant investment or equity income.
  7. 07You are changing compensation or distributions.
  8. 08You are preparing for a major transaction.

Selected Insights

Selected Tax Planning Insights

01 / 03
  1. Financial documents and calculator used for tax planning01
    High-Income Individuals

    Why a $500,000 Salary Can Feel Poorer Than Ever in America

    A $500,000 salary is high income—but taxes, housing, childcare and lifestyle commitments can leave surprisingly little investable cash. Here is how to turn income into lasting wealth.

    Read insight
  2. Business owner reviewing financial planning documents02
    Business Owners

    Florida Protected Series Companies Effective July 1st, 2026

    Florida protected series companies are now available as of July 1, 2026. This guide explains how Florida LLC owners can use protected series for asset separation, lower filing costs, tax planning, payroll records, and stronger financial administration.

    Read insight
  3. Luxury motor yacht Bravo Eugenia docked at night in a city harbor with illuminated skyscrapers behind it.03
    Yacht Owners

    Can You Write Off a Yacht in 2026? New rules—and the requirements that actually matter.

    Possibly. A yacht tax write-off depends on genuine business use, strong records, personal-use and loss limitations, plus potential recapture on sale.

    Read insight
View all tax planning insights

A defined engagement

What happens when you speak with MFS?

  1. 01

    Discuss your situation

    Tell us about your income sources, business interests and the decision or concern that brought you here.

  2. 02

    Identify the appropriate work

    We discuss your priorities, the information required and whether a focused engagement or ongoing support is suitable.

  3. 03

    Agree on scope before proceeding

    The services, fees and deliverables are established before the planning work begins.

For the initial conversation, be ready to describe your main concern and any upcoming decision dates. If records are needed afterward, we will explain how to share them through the existing Client Portal.

Frequently Asked Questions

What is included in tax planning services?

Tax planning may include reviewing your current tax position, preparing projections, considering estimated payments and evaluating the tax implications of business or personal financial decisions. The exact work depends on your circumstances and agreed engagement scope.

Who should consider a tax planning advisor?

Business owners, investors and individuals with multiple income sources may benefit when their circumstances create questions that annual filing alone does not address. A significant change in profit, income or ownership can also be a reason to seek planning support.

When should I begin tax planning?

Begin when your circumstances change or before a significant decision is finalized. Some planning considerations depend on timing, eligibility and documentation, so an early discussion can help identify what needs attention.

Can you help with quarterly estimated taxes?

MFS can review available income information, withholding and payments already made as part of an agreed planning engagement. Estimated payment needs depend on the taxpayer’s circumstances and may change as income changes. The IRS explains estimated taxes for self-employed and other taxpayers who generally do not have withholding.

Do I need to change my tax preparer?

Not necessarily. Planning can be scoped separately from return preparation where appropriate. We discuss what coordination and information sharing would be needed before establishing the engagement.

Do you offer ongoing tax advisory?

MFS can provide ongoing tax planning support under an agreed engagement. The scope establishes the review schedule, communication arrangements and services included.

How much does tax planning cost?

Fees depend on the complexity of your circumstances and the work required. MFS defines the scope and explains the fees before substantive planning work begins.

Can tax planning guarantee a lower tax bill?

No. Planning evaluates relevant options and obligations based on your circumstances. Potential outcomes depend on eligibility, implementation, documentation and applicable law.

Next step

Discuss the tax questions behind your next decision

Whether your concern involves business income, multiple investments or a significant financial change, start by explaining your circumstances. We will discuss the appropriate next step and scope of support.

Speak With an Advisor