Q1-Q3
Tax projection updates
Estimated tax planning
Salary and withholding planning
Retirement plan analysis
Tax Planning and Preparation
Tax Planning and Preparation for Business Owners
Proactive tax planning and accurate filing.
The tax planning and preparation process answers common questions from owners
How do I minimize tax from a practice sale?
What additional deductions can I take?
Should I convert my IRA into a Roth IRA?
Am I saving money in the right accounts?
Is my entity type the best fit from a tax perspective?
How can I take advantage of the new tax law changes?
J.E. Simmons and Company Tax Planning Capabilities
Proactive Tax Planning
We evaluate income, deductions, and timing decisions throughout the year to reduce unnecessary taxes before returns are filed.
Business Owner Tax Strategy
Guidance on entity structure, owner compensation, and income planning tailored to practice owners and closely held businesses.
Ongoing Tax Projections
Regular estimates and scenario analysis so you understand your tax exposure before year end, not after.
Integration with Financial Planning
Tax decisions are coordinated with retirement planning, investments, and major life or business changes.
Coordination with Investment Strategy
Aligning tax planning with portfolio decisions, retirement contributions, and capital gains management.
Tax Preparation and Filing
Accurate preparation and filing of individual and business returns, built on the strategy developed throughout the year.
What You Can Expect from Tax Planning and Preparation
Q4
Business Profit Projection
Personal Income forecast
Year-end strategy meeting
Tax Filings
1040 Filing
1120S Filing
1065 Filing
State returns
Taxes Do Not Exist in Isolation
Tax touches most decisions.
Coordinate tax, planning, and investments so they work together, not against each other.
Our Capabilities are Built for Complexity
Multiple entities and variable income
Owners with S corporations, partnerships, real estate, or trusts need coordinated planning across all moving pieces.
High Income with Large Tax Bills
We plan ahead to lower avoidable taxes, manage withholding and estimates, and reduce surprises.
Upcoming Liquidity Event
We model the transaction early to reduce tax through timing, structure, and purchase price allocation.
Advanced Tax Planning Strategies for Business Owners
Company Retirement Plan Design
Designing and coordinating defined contribution, profit-sharing, and defined benefit or cash balance plans to align tax savings with business cash flow.
Asset Location and Tax-Aware Investing
Placing assets in the most tax-efficient accounts and managing gains and losses intentionally.
Roth Conversion Planning
Strategic conversions coordinated with income levels, investment positioning, and future tax projections.
Multi-Year Tax Projections
Modeling decisions in advance to understand tradeoffs ahead of time.
Charitable Giving and Donor-Advised Funds
Coordinating charitable gifts, donor-advised funds, and appreciated assets to improve tax efficiency while supporting philanthropic goals.
Entity Structure and Owner Compensation
Selecting and optimizing the right entity to balance taxes, cash flow, retirement contributions, and future transition options.
How is tax planning different from tax preparation?
Tax preparation reports what already happened. Tax planning focuses on decisions made throughout the year that influence what you ultimately owe. Planning comes first, filing comes last.
Do you only work on taxes during filing season?
No. Tax planning is ongoing. We work with clients throughout the year to review income, cash flow, and planning opportunities so there are no surprises at filing time.
We stay up to date on federal and Texas state law changes. We also extend that expertise for the states that our clients operate in.
Do you handle both personal and business tax returns?
Yes. We prepare individual returns as well as business, trust, partnership, and S corporation returns and coordinate them as part of one integrated strategy.
Can tax planning actually reduce my tax bill?
In many cases, yes. The biggest savings typically come from income timing, entity structure, retirement contributions, and coordinated planning rather than last minute deductions.
How does tax planning integrate with financial planning and investments?
Tax planning is coordinated with retirement planning, investment decisions, and major life or business changes so strategies work together instead of in isolation.
How do I get started?
We start with a conversation to understand your situation, goals, and complexity and determine whether our approach is a good fit.
Do I need to live in Dallas to work with you?
No. We work with business owners nationwide. Clients often travel to Dallas once per year or as needed for an in-person review of their full plan, and we meet virtually for quarterly check ins, monitoring, and time sensitive decisions.
What are your fees?
Check out our process and fees page for more information on fees.
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