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Sugarloaf: 570.788.7000
Moosic: 570.941.2248

Sugarloaf: 570.788.7000
Moosic: 570.941.2248

Income Tax Planning

Income Tax PlanningEffective tax planning is a year-round process. The tax specialists at JonesKohanski provide income tax planning services to individuals and businesses, and work closely with you to develop tax strategies and solutions aimed at minimizing your tax liability. We continually monitor federal and state tax law to ensure we remain current on all matters that potentially affect your tax obligations, and work to identify tax advantages and financial plans that align accordingly.

Individuals can more effectively manage their wealth when they understand the tax implications of financing an education, investing their money, or planning for retirement. We bring to light all possible deductions and credits, and examine closely the potential triggers that may subject you to the AMT (alternative minimum tax rate). In addition to our income tax planning services, we provide all-encompassing trust and estate planning services that safeguard your legacy and ensure you accumulate, conserve, and distribute your personal wealth in a way that maintains and maximizes the financial security of your beneficiaries. 

Business owners understand the critical importance of tax planning. Virtually every decision a business owner makes comes with tax implications. The JonesKohanski professionals take into account not only the current year’s tax strategies, but also long-term considerations in terms of projecting income and deciding the most advantageous strategy, whether it is to defer income to the next year and accelerate deductions into the current year, or vice versa. We also examine depreciation of your business assets and advise on related tax breaks and strategies. Our informed recommendations are all designed to minimize your tax liability, enhance profitability, and ultimately give you a competitive edge.