The Efficient Advisor: Tactical Business Advice for Financial Planners

272: Tax Planning Made Easy: Simple Strategies for Financial Advisors With CPA Steven Jarvis

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May 13, 2025

CPA Steven Jarvis, a tax expert from Retirement Tax Services, shares valuable insights for financial advisors. He emphasizes that tax planning can significantly enhance client value without the need for advisors to become tax preparers. Topics include avoiding common tax mistakes, the importance of proactive CPA collaboration, and creating repeatable systems for tax discussions. Steven also highlights the role of tax planning in building stronger client relationships and offers actionable strategies to simplify the tax process for every advisor level.

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INSIGHT

Opportunity for Advisor-Tailored Tax Support

There is a gap in tax support tailored to financial advisors.
Advisors can add value by embracing tax awareness without becoming preparers.

ADVICE

Communicate Key Tax Events Regularly

Advisors must track and communicate clients' key tax events yearly.
Send a summary of actions like conversions and status changes to CPAs proactively.

ADVICE

Leverage Checklists for Tax Accuracy

Use a tax return review checklist to verify tax documents' accuracy.
Learn a niche set of tax rules to confidently support clients without becoming a CPA.

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Do you want to create a better rhythm for tax planning your business? CPA Steven Jarvis shares easy, actionable strategies to help you add massive value to your clients—without becoming a tax preparer!

In this episode, I sit down with CPA and tax expert Steven Jarvis to discuss how advisors can integrate effective tax planning into their practices—without becoming tax preparers.

What You’ll Learn in This Episode:

✅ Why tax planning is one of the biggest value-adds for financial advisors

✅ How to avoid common tax-reporting mistakes that cost clients

✅ The power of proactive CPA collaboration and how to simplify the process

✅ Easy, actionable tax planning strategies for advisors at every level

✅ How to build repeatable systems for tax conversations all year long

Tax planning doesn’t have to be complicated to be impactful. Steven shares simple but effective strategies that will help you educate clients, communicate more effectively with CPAs, and confidently incorporate tax planning into your advisory practice. If you want to elevate your client experience and stand out in the industry, this episode is a must-listen!

🔗 Resources & Links:

📌 Grab the 37-point tax checklist Here!

📌 Learn more about the RTS Summit Conference Here!

Tune in and take action—your clients (and their CPAs) will thank you! 🎧

Learn more about Asset-Map financial planning software HERE!

Learn more about our sponsor Beemo Automation HERE!

Learn more about the Group Coaching & Mastermind HERE!

Check out the Efficient Advisor YouTube Channel HERE!

Connect with Libby on LinkedIn HERE!

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Looking for all the resources from this episode? Check out this episode’s webpage for show notes, transcripts, downloads and more!