At Erock Tax, we understand that tax and financial planning may seem overwhelming because, oftentimes, making a financial decision is making a life decision.

That’s why we’ve provided a comprehensive menu of tax and financial services, so you can visualize and focus on specific goals at a time. Our team assists individuals, small business owners, and retirees in having a clear financial picture at every stage of life.

Please review the following opportunities and contact us to schedule a meeting.

Individual Tax + Financial Planning

  • General tax preparation, deductions and income recognition strategies
  • Investment tax issues and planning opportunities
  • Alternative Minimum Tax (AMT) planning
  • Discuss statement of personal financial position
  • Analyze personal cash flow statement
  • Develop and/or analyze business balance sheet, income statement, cash flow statement, pro forma statements
  • Stock option planning
  • Discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc.
  • Tax implications of various stock plans – Restricted, phantom, SARs, ESPP
  • Non-qualified deferred compensation programs
  • Income taxation of life insurance and annuity products
  • Investment cost basis research and reporting
  • Major purchase goal analysis and funding options
  • Discuss mortgage options, real estate purchases, and prepare financial analyis
  • Advice and financial guidance on major life event (marriage, children, job, education, disability, divorce, retirement)
  • Analysis of financial statements, special needs, investments, taxation, employee benefits, etc.

Business Tax Planning

  • Select an appropriate entity structure
  • Create or review a cash flow analysis
  • Plan for retirement
  • Discuss succession planning
  • Review cash management
  • Employee benefits planning
  • Financing strategies
  • Prepare business use of insurance analysis
  • Intra-family and other business transfer techniques

Investment Planning + Asset Allocation

  • Asset allocation analysis
  • Risk and reward
  • Diversification analysis
  • Investment policy statement development

Retirement Planning

  • Retirement needs analysis
  • Retirement plans analysis and education
  • Savings planning to help meet your goals
  • Contribution limits planning
  • Retirement plan design
  • Employer plan vs. self-directed plans analysis
  • Assist in coordination of retirement plan services providers, product sponsors, or vendors as a liaison
  • Required Minimum Distribution (RMD) or 72(t) early distribution calculations
  • Beneficiary designation planning
  • Social Security and Medicare health care cost planning

Estate Planning

  • Basic estate planning and gifting strategies
  • Discuss general overview of trusts and estates – types, features, taxation, filing requirements, deadlines, etc.
  • Explanation of estate planning structures/documents – wills, POA, trusts, etc.
  • Explanation of types and treatment of trust income – accounting, taxable, distributable
  • Sources of estate liquidity planning
  • Ownership titles and titling of assets planning
  • Discuss impact of account and trust beneficiary designations

Charitable Planning

  • Discuss donor advised funds
  • Year-end charitable planning opportunities
  • Review qualified charitable distributions from IRA to offset RMDs
  • Prepare tax advantaged charitable giving strategy

Cash Flow + Budgeting

  • Create personal or business budget
  • Provide guidance and analysis on cash flow management, budgeting, and emergency fund planning
  • Explain various components of cash flow (income, taxes, expenses)
  • Savings strategies
  • Debt management strategies
  • Personal financing strategies
  • Analysis of personal statement of financial position and statement of cash flows

Education Planning

  • Discuss qualified tuition/college saving plans (section 529 plans)
  • College costs and inflation analysis
  • Develop funding strategies
  • Financial aid strategies
  • Gift tax limits and trust usage strategies for education funding

Insurance Needs Planning

  • Review types of insurance, i.e. term vs. permanent, nursing home vs. home care, indemnity
  • Insurance gap/needs analysis for life, disability, or long-term care
  • Health care, including Medicare, expense planning
  • Analysis and planning for estate liquidity
  • Planning for policy ownership issues and beneficiary designations
  • Asset allocation, diversification, and securities research for variable life and/or annuities