Traditional tax filing is a record of what is already done. It's a look back...it's not forward-thinking, and it's not year-round.
At YFP, we believe in year-round strategic tax planning. Sure, that includes filing, but that is one part of the puzzle. Whether you are looking for help with your individual taxes, business taxes, or both, our Comprehensive Tax Planning (CTP) combines traditional filing with our proactive planning process.
Whether you are looking for help with your taxes as an individual and/or as an entrepreneur, we got your back. You do you and let us take care of the rest. Our goal is to develop and execute a tax strategy so you pay the least amount of taxes while keeping other aspects of your financial plan in mind. You'll pay a flat fee plus a quarterly fee for our year-round tax service.
We want your taxes filed accurately, without stress and headaches: that's a given. But what we really want is for you to know that we've got your back year-round -- not just during filing season -- looking for ways to optimize your tax situation. We help with all of your federal and state filing needs.
Our team has expertise in helping pharmacists that own real estate, invest in cryptocurrency, have stock options, are in need of student loan-related tax advice, and more!
With the YFP Comprehensive Tax Planning (CTP) service, we work with you year-round to answer your tax questions and ensure we optimize your tax situation.
Whether you are a side hustler, solopreneur, or serial entrepreneur, we've got you covered. At YFP Tax, we are tax nerds and entrepreneurs. Those two words (tax nerd + entrepreneur) aren't a common marriage but are just the type of people you want on your team.
We will help with all of your filing needs including state and federal income tax filings, 1099s, payroll taxes, and more.
With the YFP Comprehensive Tax Planning (CTP) we work with you and your business year-round to answer your tax question and to ensure we are optimize the tax benefits that come with being a business owner.
Our Comprehensive Tax Planning (CTP) combines traditional filing with our proactive planning process. Our goal is to develop and execute a tax strategy so you pay the least amount of taxes while keeping other aspects of your financial plan in mind.
Your tax strategy should be married to your overall financial plan. If you want pharmacy-focused experts guiding you year-round, through all steps in the tax planning and filing process, our CTP service was made for you. This isn't your traditional "see you in April" tax service. We know it's not for everyone, and that's okay. This is a unique service for a unique community.
Tax software and inexpensive big-box solutions are great, especially if your situation is relatively simple. However, even with the best software, you can still make mistakes that could end up costing you big.
It's as easy as 1-2-3. Ok, that's not true because there are 5 steps but you get the point.
Click the 'Get Started' button below, give us some basic info, and we'll take it from there. Want to chat with someone from the team and make sure it's a good fit (do we pass the "vibe check")? Book a free discovery call.
That’s tax-speak for “contract”. We’ll send you everything through our secure client portal, which is what you’ll use to upload documents and receive sensitive correspondence from us. Once signed, you’ll receive a welcome letter from us outlining the next steps in our journey.
We’ve spent several years fine-tuning this important data-gathering process to make your onboarding as painless as possible.
If you come on board for CTP between December - April, we'll focus on priority #1: getting your tax returns completed in a timely and accurate manner. If you join between May - November, we'll get started by seeing where we can optimize your tax situation, answering any questions you have, and building a plan that fits your needs.
You probably don't want to be thinking about taxes all year...that's what we're here for. Outside of tax season, our meetings will focus on your tax goals and how to achieve them. We’ll manage any year-end takeaways, we’ll touch base with annual projections, and we’re available year-round to assist and provide guidance for tax-related concerns you have (trust us – tax matters don’t disappear after April 15th!)
What's the scope of the service?
If you are looking for tax-filing ONLY, this service is not for you. The YFP Comprehensive Tax Planning (CTP) includes filing + year-round planning. See our "Comprehensive Tax Planning" breakdown above to see the full-list of services included in the year-round engagement.
How much does it cost?
YFP Comprehensive Tax Planning (CTP) is a year-round engagement. You’ll pay a quarterly fee for our ongoing tax service, which includes your basic filings, anytime access to our team of experts, and continuous strategy optimization. Complexity fees may apply for more complicated returns, like for those with side-gigs, but everyone's situation is different so we'll quote you before you start up.
What happens if there is a mistake on my tax return?
If there is a mistake on your tax return, we'll work with the IRS to fix it. We pride ourselves on accuracy and don't foresee this happening, but if it does, we'll work diligently to solve it.
What's an engagement letter?
It's a contract between YFP Tax and you, our client. It lists out the work that we'll do for you, our pricing structure, and details about the documents and other information we'll need from you to get started.
Why should I use your service instead of using tax software myself?
Tax software is great especially if your situation is relatively simple. However, even with the best software, you can still make mistakes that could end up costing you big. This could lead to...
Tax software also provides limited tax planning - something that is so often overlooked in individuals' financial strategies and what makes the YFP Tax CTP service stand out.
What's the difference between a CPA and an EA?
Enrolled Agents (EAs) have a specialized focus in tax preparation for individuals and businesses. They are required to pass a series of 3 exams administered by the IRS and complete at least 24 hours of continuing education annually. They are enrolled to practice before the IRS under 31 Code of Federal Regulations Part 10 and are regulated by the IRS.
Certified Public Accountants (CPAs) are licensed and regulated by individual state boards; however, all must pass all 4 sections of the Uniform CPA Examination.
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