Working Through Tax Planning What If’s For the OBBBA

Tax planning strategies and recommendations are rarely simple situations. The key to providing meaningful insight is to master the process of creating and analyzing scenarios, and helping clients to understand how each scenario benefits them. In a landscape of changing tax legislation from OBBBA, tax planning is a key value driver for clients that impacts all aspects of the financial planning process. This is especially true for high earners and small business owners, who are impacted most by the provisions of the bill. Providing clients with various scenarios can help them to understand the impact of new laws or tax planning strategies, providing immense value.