Tax Planning

Tax Planning Services

Proactive Strategies. Real Savings. Peace of Mind.

Most people think tax planning is just about avoiding surprises in April. But at Foster Tax & Advisory Services, we know it’s much more than that—it’s about building a financial strategy that protects your income, grows your wealth, and keeps you compliant year-round.

What Is Tax Planning?

Tax planning is the intentional process of organizing your financial life to minimize your tax liability. It’s not about loopholes or last-minute deductions, it’s about smart decisions made throughout the year that align with your goals, your business, and the ever-changing tax code.

Whether you're a business owner, freelancer, investor, or high-income earner, tax planning helps you:

  • Keep more of what you earn
  • Avoid unnecessary taxes and penalties
  • Make informed financial decisions
  • Stay audit-ready and compliant

What We Do Differently

At Foster Tax & Advisory Services, we don’t just look at your past—we plan for your future. Our tax planning services are custom-built to fit your unique situation, and they evolve with you as your life and business change.

We offer:

  • Year-Round Tax Strategy Sessions 
  • Regular check-ins to adjust your plan and stay ahead of changes.
  • TaxPlan360 Bookkeeping Integration 
  • Clean books mean better planning. Our proprietary system ensures your financial data is always accurate and actionable.

Entity Optimization 

Choosing the right business structure can save you thousands. We help you make the right call.

Deduction & Credit Maximization  

We identify every opportunity to reduce your tax burden—legally and ethically.

Scenario Planning 

Thinking about buying property, hiring employees, or expanding your business? We model the tax impact before you make the move.

Strategic Spending and Expense Optimization to Reduce Taxable Income

  • Retirement plan contributions
  • Accelerating or deferring income
  • Maximizing deductions and credits
  • Home office deduction
  • Depreciation strategies
  • Hiring family members
  • Health savings accounts (HSAs)
  • Charitable contributions
  • Business expense optimization
  • Section 179 and bonus depreciation
  • Quarterly estimated tax planning
  • Fringe benefit planning
  • More

Who Benefits from Tax Planning?

Tax planning isn’t just for the ultra-wealthy. It’s for anyone who wants to be intentional about their money.

You’ll benefit if you:

  • Run a small business or side hustle
  • Own rental properties or investments
  • Are self-employed or a freelancer
  • Have fluctuating income or major life changes
  • Want to retire early or build generational wealth

Why It Pays Off

Here’s what effective tax planning can do for you:

  • Save Money on Taxes: We help you find legal ways to reduce what you owe—so you keep more of your hard-earned income.
  • Feel Less Stressed: No more last-minute panic during tax season or worrying about getting audited. You’ll be prepared and confident.
  • Make Smarter Financial Choices: Thinking about a big purchase or business move? We’ll show you how it affects your taxes before you commit.
  • Build Long-Term Financial Security: Our strategies aren’t just for today—they’re designed to help you grow your wealth and reach your financial goals over time

Powered by TaxPlan360™

Our tax planning is powered by TaxPlan360™ Bookkeeping, our proprietary bookkeeping and strategy system. It ensures your financial data is always:

  • Accurate
  • Up-to-date
  • Ready for strategic analysis
  • Ready to transfer correctly into our Tax Software

With TaxPlan360™, we don’t just react—we plan.

Ready to Take Control?

Tax planning isn’t a luxury—it’s a necessity. Let’s build a strategy that works for you. To learn more about our tax planning services and how they can benefit you or your business, call us at 352-437-6763 or request a consultation online today.