Personal Income Tax Planning
Proactive planning beats last‑minute scrambling. We build a year‑round personal tax plan that aligns with your cash flow and goals—so you minimize taxes legally, avoid surprises, and stay compliant at federal, state, and local levels.
What we do:
- Annual tax projection and mid‑year/quarterly updates
- Estimated tax and withholding planning (safe harbors, vouchers, and reminders)
- Retirement and health accounts: 401(k), SEP/Solo‑401(k), IRA/Roth, HSA/FSA timing
- Charitable strategies: bunching, DAFs, appreciated stock/QCD coordination
- Equity compensation: ISOs/NSOs, RSUs, ESPP, AMT modeling
- Real estate: depreciation, passive/active status, short‑term rental rules
- Pass‑through owners: salary vs. distributions, basis tracking, QBI optimization
- Education planning: 529s, credits (AOTC/LLC), timing of tuition payments
- Multi‑state residency and remote work issues; local wage taxes
Our process:
- Discovery: income sources, goals, state exposure, prior returns
- Model: tax projection with scenarios (best/base/worst)
- Implement: specific actions and a calendar (estimates, funding, deadlines)
- Monitor: mid‑year and year‑end check‑ins; adjust for changes
- File: coordinate with return preparation for a smooth tax season
Deliverables you'll receive:
- Written planning memo with action steps and due dates
- Tax projection worksheets and safe‑harbor analysis
- Estimate vouchers and withholding change guidance
- Year‑end checklist to capture deductions and credits
Who we serve:
Business owners, executives, and professionals—including multi‑state and equity‑comp taxpayers—served virtually, nationwide.
Want fewer surprises and lower taxes—legally? Contact us or book a quick consult to start your personal tax plan.
Why Choose Cloonan CPA?
- Personalized Attention for Every Client
You work directly with William Cloonan, CPA—no call centers, no junior staff. Every client gets tailored advice and responsive support. - Virtual CPA Services, Nationwide Reach
Efficient, secure, and convenient service for small businesses across the U.S.—no matter where you’re located. - Small Business Specialist
With 7+ years of experience serving entrepreneurs and small business owners, we understand your unique challenges and goals. - Trusted Experience
A proven track record of helping clients minimize taxes, stay compliant, and grow their businesses with confidence.
Ready to Get Started?
Schedule a free consult, reach out with questions, or access your secure client portal.
