Tax Planning & Advisory
Tax Planning & Advisory Services in Orange County, NY and Nationwide
Tax Planning for Individuals and Small Business Owners
Tax planning shouldn’t begin after the tax year ends. E&L Tax Services, LLC works with individuals and small business owners to identify potential tax issues and consider strategies that may help manage their federal and state tax obligations.
Actionable Tax Planning in Practice
Scenario Focus
Individual Planning
Small Business Planning
Cash Flow & Taxes
Quarterly Payment Precision: Balancing estimated payments to match fluctuating sales or bonus structures without overpaying.
Year-End Income Timing: Deferring December client invoices to January or accelerating vendor payments to lower current-year liability.
Assets & Equipment
Real Estate & Investments: Tax-smart timing of property sales, 1031 exchanges, or offset stock sales using tax-loss harvesting.
Section 179 Deductions: Writing off 100% of the purchase price of qualified business vehicles or machinery bought during the year.
Structure & Savings
Retirement Optimization: Maximizing pre-tax IRA/401(k) funding to drop into a lower tax bracket during peak earning years.
S-Corp Tax Reductions: Reducing 15.3% self-employment tax via a strategic split between W-2 wage salary and owner distributions.
When Should You Schedule Tax Planning?
You don’t have to wait until tax season. In fact, by the time tax season arrives, most opportunities to lower your tax bill for the previous year have already passed. Effective tax planning is a year-round process—and making strategic decisions before major transactions take place is key to protecting your hard-earned money.
Tax planning with E&L Tax Services is particularly valuable before you make any major financial moves, such as:
- Starting a Business: Set up the right structure from day one to avoid paying unnecessary taxes later.
- Changing Your Business Structure: Evaluate when it makes sense to transition from an LLC or Sole Proprietorship to an S-Corporation or C-Corporation.
- Purchasing Equipment or Vehicles: Leverage tax strategies like Section 179 and bonus depreciation before making major capital equipment investments.
- Making Large Business Purchases: Time significant capital outlays or operating investments to maximize your immediate expense write-offs.
- Selling a Business or Significant Investment: Minimize capital gains exposure on real estate, business equity, stocks, or major assets prior to closing the transaction.
- Experiencing a Significant Increase in Income: Adjust estimated tax payments and structure cash flow to avoid unexpected year-end tax bills and penalties.
- Retiring or Transitioning Ownership: Create a tax-efficient retirement income strategy or business succession plan to preserve your wealth.
Tax Consultation
$150 per hour
About E&L Tax Services
E&L Tax Services, LLC is a tax and accounting firm located in Goshen, New York, providing tax preparation and accounting services to individuals and small business owners. Services include individual and business tax preparation, bookkeeping, payroll, sales tax, tax planning, and tax consultation.
Expert Leadership. Decades of Proven Experience.
Leonid Sverdlov, EA, MST is an Enrolled Agent licensed to practice directly before the IRS, with over 20 years of expertise in complex tax preparation, accounting, and advisory services. Holding a Master’s Degree in Taxation from Long Island University, Leonid specializes in helping individuals and small businesses minimize tax liabilities, maintain full compliance, and navigate intricate IRS and state tax matters.