Claim Employee Retention Credit (ERC) Tax Refunds. Receive Up To $26,000 Per Employee!

Logo

Financial

Financial

FINANCIAL PLANNING

Comprehensive financial planning to maximize your wealth.

We make wealth management simple, easy, and affordable. Gain peace of mind knowing you are in good hands.

 
 
 

Investments

Strategies that align with your goals and continuous support to optimize your investments.

Retirement

Plan for a brighter future with strategic retirement planning. Start today and discover the possibilities.

Trusts & Estates

Now is the time to plan your families future. Secure your assets and leave a legacy behind.

INVESTMENT PLANNING

Investing Builds Wealth

Our advisor will assess your financial situation and develop an investment strategy based on the specific goals you want to achieve. In order to optimize your plan, our advisor regularly reviews strategies and makes adjustments to optimize investments.

A young woman wearing headphones and a mask is using a laptop.

TAXES

RETIREMENT PLANNING

Plan the future of your dreams

Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets. We help individuals and their families in the different stages of their lives set specific goals and steps to achieve them.

TRUST & ESTATE PLANNING

Protect your assets and legacy

Estate planning on your own can be complicated. The list is endless, taxes, probate courts, life insurance, health concerns, annuities, or eligibility of heirs, to name a few. Planning what happens to your estate when you are gone can be frustrating and intimidating without qualified help. We can help make it simple, efficient, and worry-free.

Portrait of businesswoman using laptop in office.

Frequently Asked Questions

Need some help with a question? see below if we’ve already answered it. If you still can’t find an answer to your question, please give us a call at (516) 500-5000 or email us at mark@mitaxins.com

 
 
 

WHAT IS TAX PLANNING?

The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are four basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your income, increase your deductions, take advantage of tax credits, and increase your withholding.

HOW DOES BUSINESS PLANNING WORK?

It starts with a business plan. Business plans are decision-making tools. There is no fixed content for a business plan. Rather, the content and format of the business plan is determined by the goals and audience. A business plan represents all aspects of the business planning process declaring vision and strategy alongside sub-plans to cover marketing, finance, operations, human resources as well as a legal plan when required. A business plan is a summary of those disciplinary plans.

WHHAT IS RETIREMENT PLANNING?

Definition of ‘Retirement Planning’

The process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal

‘Retirement Planning’

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include such lifestyle choices as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all of these areas.

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person’s working life, retirement planning is about setting aside enough money for retirement. During the middle of an individual’s career, it might also include setting specific income or asset targets and taking the steps to achieve them. In the few years leading up to retirement, financial assets are more or less determined, and so the emphasis changes to non-financial, lifestyle aspects.

OTHER SERVICES

Expertise & technology you need to get your business to the next level.

Taxes

We provide comprehensive tax planning & preparation services to small businesses and individuals all year-round. Our CPAs and EAs know every inch of the tax code so you are in the very best hands.

 
 

Bookkeeping

We give you the expertise and technology to improve efficiency, increase productivity, and scale faster. We can keep your books up to date, track your deductions, and help you stay compliant.

Payroll

By outsourcing payroll, you’ll save time, reduce cost, enhance security, and remain compliant. Let us take care of your payroll from start to finish and have more time to focus on your business.

 
 
 

Stay in Touch

Sign-up for free tax tips, free small business guides, free webinars, promotions, and more.

 
 
 

WHY SMALL BUSINESS OWNERS LOVE WORKING WITH MI TAX

Checkout Our Reviews