Navigating Income Tax

Individual

It’s essential to understand the income tax laws that apply to you. Our goal is to help you identify your potential tax liability and uncover opportunities to reduce it through effective, well-informed strategies.

Income, Deductions, and Credits

We help you understand how income tax applies to individuals and evaluate whether you’re taking full advantage of available deductions and credits to reduce your overall tax liability.

Retirement

We help you use retirement savings vehicles to build a tax-efficient strategy for your future—ensuring contributions are optimized and planning for required minimum distributions from qualified accounts at age 72—helping you keep more of what you’ve earned while supporting your long-term goals.

Charitable Giving

For clients with charitable goals, we design giving strategies—such as charitable contributions and conservation easements—that maximize impact while reducing income tax liability.

Tax-Free Exchanges

We help clients explore strategies, such as certain tax-deferred exchanges, that can reduce or postpone current income tax liability when selling or transferring real estate.

Business

Understanding income taxes is essential to running a business efficiently. Changes to tax law have significantly affected how businesses are taxed, creating both challenges and opportunities. We help business owners identify potential tax liabilities and explore strategies to reduce exposure while supporting long-term growth.

Deductions and Credits

We help business owners evaluate whether they’re taking full advantage of available deductions and credits, including those for research and development. We also assess how current tax laws affect pass-through entities and determine if you may benefit from the qualified business income deduction.

Entity Selections

We guide business owners in understanding how entity selection—such as a C corporation or pass-through structure—impacts taxation, helping you choose the option that best supports your financial and operational goals.

Employment Taxes

An efficient business structure can help reduce employment taxes. We evaluate strategies such as using a common paymaster or making an S election to determine if they could lower your tax exposure and improve overall efficiency.

Neither Monarch Financial Group nor New York Life Insurance Company or its agents and subsidiaries provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.