Ready to Take Control of Your Tax Situation?

The frustration is all too familiar—you're sitting with your tax professional in March, desperately asking what can be done to reduce your tax bill, only to hear those dreaded words: "It's too late." Explore the critical difference between tax filing and tax planning, revealing why waiting until tax season is a costly mistake.

We explore the reality that most CPAs and tax professionals simply don't have time during busy season to develop comprehensive tax strategies while processing hundreds of returns. Instead, effective tax planning happens now—immediately after filing season—when there's time to analyze opportunities and implement changes that will impact next year's return.

From simple adjustments like checking withholdings on your paycheck (which saved one client $8,000 in penalties) to more complex strategies around retirement accounts, investment vehicles, and charitable giving, we break down practical ways financial advisors bridge the gap between your financial goals and tax outcomes.

You'll learn the differences between CPAs and Enrolled Agents, understand how the increased standard deduction ($30,000 for married filing jointly in 2025) impacts traditional deduction strategies, and discover why tax-efficient investments matter—without letting "the tax tail wag the dog."

Whether you have a complex financial situation or consider your taxes relatively simple, this episode offers valuable insights on how proactive planning can make a significant difference. The most powerful tax strategies aren't found in TikTok videos or last-minute tax filing appointments—they're developed through year-round collaboration between you, your financial advisor, and your tax professional.

Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/

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[00:00:00] Intro.
[00:00:56] Tax Planning vs. Tax Filing.
[00:04:01] Why CPAs Can't Do All Your Planning.
[00:05:23] CPAs vs. EAs: What's the Difference?
[00:08:55] Proactive Planning Opportunities.
[00:15:25] Supporting Your Tax Professional.
[00:21:30] Document Security and Getting Started.
[00:24:50] Tax Brackets and Strategies for 2025.

DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.