Proactive Tax Planning Services for Chicago & the North Shore
Tax clarity today leads to better outcomes tomorrow
Smart tax planning doesn’t happen at the last minute. It happens year-round—with the right advisor guiding your financial choices. RHL Accountants provides proactive, legal strategies that help individuals and small businesses reduce their tax burden and keep more of what they earn.
Stop Reacting at Tax Time—Start Planning Ahead
Effective tax planning means adjusting your financial strategy throughout the year, not scrambling in April. We monitor changes in tax law, identify opportunities in advance, and help you plan purchases, investments, withholding, and income timing to maximize savings before the year ends.
Tailored Plans for Your Unique Situation
Every client’s financial picture is different, so every tax plan must be customized. We create actionable strategies that may include:
- Adjusting withholding to avoid surprises
- Timing capital gains or investment income
- Maximizing retirement contributions
- Entity selection for new or growing businesses
- Section 179 planning for major purchases
- Income deferral or acceleration strategies
- Identifying overlooked deductions and credits
Our team stays well-versed in new tax legislation, ensuring you never pay more than you’re legally required.
Strategic Guidance for Business Owners
For small businesses and self-employed professionals, planning affects profitability. We help you:
- Choose the right business structure (LLC, S-Corp, etc.)
- Time expenses and investments for maximum deduction impact
- Plan quarterly estimated taxes
- Evaluate tax credits for hiring, equipment, or R&D
- Build a long-term strategy to improve after-tax earnings
Whether you’re new or established, we provide year-round insight that strengthens your business.
Reduce Taxes Through Smarter Life Decisions
For individuals and families, taxes are influenced by major life events. We help you navigate moments such as:
- Selling a home or investment property
- Retirement or early retirement planning
- Marriage, divorce, or having children
- Inheritance or trust distributions
- Education expenses and credits
Our role is to anticipate tax outcomes—and help you make decisions that protect your long-term financial health.
Build a Tax Strategy That Supports Your Future
Whether you’re planning for next year or the next decade, we create a tax roadmap aligned with your goals. Our approach blends proactive planning, legal strategies, and clear explanations so you always understand the “why” behind every recommendation.
If appropriate, we’ll collaborate with your financial advisor or attorney to ensure your strategy is fully coordinated.
Hard-Hitting Strategies That Are Legal and Effective
With 30+ years of experience and advanced credentials (EA, CTRS), we’ve helped individuals and businesses uncover meaningful tax savings—often hidden in overlooked deductions, poor timing, or outdated structures. Every strategy we provide is fully legal, IRS-compliant, and backed by the highest professional standards.
Frequently Asked Questions
How early should tax planning start for the upcoming year?
Ideally, planning starts shortly after filing the previous year’s return. This gives you time to adjust withholding, implement strategies, and make business decisions before deadlines pass.
What’s the difference between tax planning and tax preparation?
Tax preparation reports what already happened. Tax planning shapes what will happen. Preparation is backward-looking; planning is proactive and can produce real savings throughout the year.
Can tax planning help if my income varies throughout the year?
Absolutely. Many clients—including consultants, real estate investors, and high-income earners—see fluctuating income. We adjust strategies quarterly to keep withholdings accurate, prevent penalties, and capitalize on deduction timing.
Do you provide tax projections for big life events?
Yes. We can model the tax impact of selling a home, retiring, exercising stock options, receiving an inheritance, or launching a business, allowing you to make informed decisions before committing.
How do I know if a tax strategy is “too aggressive”?
We only recommend strategies that are fully legal, defensible, and compliant with IRS regulations. If a tactic increases your audit risk or doesn’t align with current tax law, we’ll explain the risks and propose better alternatives.
Stop Overpaying Taxes—Start Planning Smarter
Contact us now to schedule a tax planning session and uncover immediate opportunities to reduce your tax burden and increase your long-term savings.
