A bonus with no withholding plan
Extra income or an equity payout can leave you short when the return is filed.
FINANCIAL PLANNING · TAX-AWARE
Plan the year ahead.Know the tax first.
Tax-aware planning that starts from your most recent return. We map how contributions, income timing and life events change your tax, and set payments to match.
Starts withyour most recent return
Estimatesset to match the year
Nationwideindividuals and families
Sound familiar?
Big choices change taxes.Most people see it late.
Contribution room left unused
Retirement and HSA room that goes unused for a year often cannot be made up later.
Life events, then a surprise
Marriage, a new child, a move or a home sale can change your return in ways that show up months later.
What’s included
Planned in time.
The same office prepares your returns, payroll and sales tax, so the work is built for the filings that come after it.
Return-based review
We start from your latest return and project the year ahead with you.
Retirement contribution room
Traditional or Roth, employer plans and catch-up room, viewed through the tax effect.
Health savings accounts
How HSA contributions fit your deductions, your health plan and your cash.
Income and deduction timing
Bonuses, equity income, large purchases and one-time income timed with the tax in view.
Estimates and withholding
We set estimated payments or withholding to match the liability we expect.
Life event planning
Marriage, children, a home purchase or sale, a state move and retirement, mapped early.
Our office prepares tax-focused plans. Investment selection and portfolio management stay with licensed investment professionals.
How it works
From first call to done.
- Step 1Send your last returnWe begin with your most recent federal and state returns.
- Step 2Talk through the yearIncome changes, contributions, purchases, sales and life events.
- Step 3We project the taxYou see the expected result and the choices that move it.
- Step 4Payments setEstimates or withholding adjusted so the return holds no surprise.
The Ozfield difference
Your planner files the return.Plans hold at tax time.
Most people use one company for taxes, another for books and a third for insurance. With Ozfield, one team sees it all, so nothing gets lost between offices.
Very professional, knowledgeable, and prompt accounting solutions. Their expertise shines crystal clear within the minute you meet the team.
FAQs
Good questions.
Something else on your mind? Call 773-536-9272 and our office will walk you through it.
What does tax-aware financial planning cover?
The tax side of your financial decisions: income timing, deductions, retirement and HSA contributions, estimated payments and the tax effect of life events.
Should I contribute to a Roth or a traditional account?
It depends on your tax rate now compared with the rate you expect in retirement, among other factors. We compare both for your situation.
How do estimated payments work?
If withholding will not cover your tax, the IRS expects quarterly estimates, generally due April 15, June 15, September 15 and January 15. Paying at least your prior-year tax on time, or 110% if prior-year AGI was over $150,000, usually avoids the underpayment penalty.
Is the sale of my home taxable?
Often not all of it. If you owned and lived in the home for two of the last five years, you may exclude up to $250,000 of gain, or $500,000 if married filing jointly.
Can you help if I move to another state?
Yes. We map the part-year returns and residency rules for both states so the move brings no surprises at filing time.
Plan the tax before the year ends.
Book a short call with your latest return and we will map the year ahead.