Tax Planning in El Paso, TX

Reduce Your Tax Liability and Ensure Your Financial Stability

Tax Planning for the Future

Tax planning is the individual and business owner’s tool for ensuring best practices for minimizing your tax exposure. When you have a complicated tax return or need professional guidance handling a complex tax issue, Marcus, Fairall, Bristol + Co. PLLC will help. Take advantage of tax credits, exemptions, and any deductions that you can claim. Plan ahead for future tax years.

The most common tax-deferred retirement accounts are IRAs and 401(k) plans. See below for other strategies that we may use to help formulate your personal tax plan, and take a look at some management goals to determine what is the best strategy for you. We will help you to make smarter and more informed decisions.

Call (915) 775-1040 to learn more about our tax planning services in El Paso.

Tax Saving Strategies

There are certain steps you can take to reduce your tax exposure and save money.

Splitting income among several family members or legal entities in order to lower your income tax bracket
Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
Deferring tax liabilities through certain investment choices such as pension plans, contributions, and other similar plans.
Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Using certain investments to produce tax-exempt income from either federal or state or both taxing entities.

Money Management Goals

Save Enough for a Comfortable Retirement

Evaluate your retirement needs, analyze your assets and sources of retirement income, review estimated shortfalls, and identify the best ways to save for retirement, given your financial situation and risk tolerance.

Pay for Your Child's College Education

Tax planning can help you for your child’s future by estimating the amount of money you’ll need, analyzing your assets, and going over estimated shortfalls. It can also help you develop general alternatives and strategies to address these potential shortfalls and develop an optimal savings plan given your financial situation and risk tolerance.

Protect Your Family in the Event You Become Disabled

Grow your emergency fund and evaluate your disability, health, home, and auto insurance coverage. In the event you become disabled, we’ll help you arrange for powers of attorney in place to take care of your affairs.

Achieve Your Investment Goals

Maximize your investment returns with low-risk investments while building increased predictability of your investment returns.

Leave a Legacy for Your Heirs

Maximize the value of your estate by saving tax dollars, professional fees, and court costs. And minimize the costs of probate, creditors, lawyers, and estate taxes, which can negatively impact the value of your estate. You’ll be able to remain in control of your affairs by providing a road map for passing your estate on to your heirs.

Check our article about Estate Planning.

Need help with Tax Planning?

Want to learn more about tax planning in El Paso and Las Cruces? You may check out our article “Difference Between Tax Credits and Tax Deductions” to take a closer look at the differences between Tax Credits and Tax Deductions.

If you are curious as to whether hire a financial planner or an accountant, read our article about Financial Planning and What Does An Accountant Do?

Looking for Tax Planning in El Paso, TX?

If you’re looking for a tax planning service or need a solution for your tax problem, reach out to one of our Certified Public Accountants (CPA) at Marcus, Fairall, Bristol + Co., PLLC. We’ll answer any of your financial questions. Simply email info@marcfair.com or call (915) 775-1040!

MARCUS, FAIRALL, BRISTOL + CO., PLLC

230 Thunderbird Dr Ste G, El Paso, TX 79912

Phone: (915) 775- 1040

Full-Service CPA Firm in El Paso

 5/5

TESTIMONIALS

My wife and I have used Marcus, Fairall, Bristol for several years now and have been extremely happy with their timeliness, professionalism, and overall product. Turn around time for any email is usually just a few hours, even during the height of tax season. Never had any issues with our tax returns and their accuracy is 100% all of the time. I was referred to David Marcus by my uncle (another CPA by training), so you know you can trust the recommendation of one expert to another. I've referred several friends to David Marcus and I've heard great reviews of their experiences with the firm. No doubt we will continue with David Marcus into the foreseeable future.

Hands down the best CPA I've ever hired. David Marcus and his whole team are top notch. From start to finish they took care of me like I was their only client. Cannot recommend highly enough.

Mr. David Marcus is the absolute BEST! I have used him for years now and he treats us like family. His genuine concern and assistance in everything he does is outstanding. Even his staff is amazing and super helpful. You can’t ask for anything more. Super professional yet down to earth. I can’t thank them enough for such great, quality service!

I am very happy with the quality of service provided by this firm. I used them for tax preparation services and found they were very knowledgeable, responsive/prompt, courteous and thorough. I won't hesitate to use their services next year!

I don’t know where our small business would be without the support and accounting expertise from Marcus, Fairall, and Bristol. We have been thriving as a small business since 2005 because of the financial and accounting knowledge of the accountants at MFB. They are responsive, professional, ethical, and experts in their field. You can ask any question and they will provide you with accurate and informed accounting information. They are accountants other accountants would seek. Yes! They are that good. If you are a small or mid-level business I would 100% recommend them. We feel very fortunate to have been referred to them 15 years ago. – PPS a Veteran owned business El Paso

I'm so grateful I found Mr. Marcus to help me with my taxes!! The team truly cares about their clients and can help with any tax related issue. If anyone needs someone to file their taxes: Marcus, Fairall, Bristol+Co. is where you need to go!!

I have been a client of this firm for almost 15 years because I have full confidence in their ability to ensure a proper Return and safeguard their clients with sound, fiscal advice and professional service.. I wholeheartedly recommend them for anyone needing erudite Tax preparation and other services

Always a pleasure working with Marcus, Fairall, Bristol + Co. The quality of work is always excellent. Questions and emails answered quickly. Everything you need in an accounting firm.

David Marcus is always there to answer questions and make sure to keep our small nonprofit out of hot water with the IRS. We could not ask for more support, advice and professional services to keep us on the right track. 4 Paws UP and a huge tail wag!