Tax Planning before the year ends.
For owners who would rather discuss tax consequences before a decision than discover them after the year closes.
Tax planning works best while choices are still open. TreeStar's year-round tax planning uses your current books to project where the year is heading, then looks at the decisions in front of you: equipment purchases, owner compensation, entity elections, timing of income and expenses, and estimated payments. Because the projection starts from reconciled numbers, the conversation is grounded in what has actually happened. For cannabis businesses subject to IRC §280E, planning often centers on inventory and cost of goods sold, where careful accounting can matter. We help identify options where the rules allow and explain the tradeoffs plainly.
How we help
Mid-year and year-end projections built from your current financial statements.
Tax consequences of major purchases, hires, or structure changes reviewed before you commit.
Salary, distributions, and retirement contributions considered together for owners.
Federal and state estimates adjusted as results change through the year.
A written recap of options discussed, decisions made, and open items to watch.
Every engagement starts with a written scope, so you know exactly what we will handle for you before any work begins.
How it works
- 01 Baseline
We review current books and last year's returns to set a starting point.
- 02 Project
We build a projection of the year and identify where options exist.
- 03 Decide
We meet to walk through scenarios and the tradeoffs of each.
- 04 Adjust
We revisit the projection as the year unfolds and update estimates.
What you can expect
Fewer surprises when the return is prepared
Decisions made with tax consequences in view
Estimated payments aligned with actual results
Common questions
When should tax planning start?
Ideally early in the year, with check-ins as results come in. Planning late in the year is still useful, but some options may no longer be available.
Does planning require current bookkeeping?
Projections are only as reliable as the books behind them. If the books are behind, we may recommend catching them up first.
Can planning reduce my taxes?
Planning helps identify options the rules allow and shows their likely effect. Results depend on your facts and the choices you make.