Services · Tax Planning

Stop Filing Taxes.
Start Planning Them.

Don't wait until April to think about your taxes. Our proactive tax planning services help you identify savings opportunities, optimize your business structure, and implement strategies to keep more of what you earn — legally.

Entity structure analysis — LLC vs S-Corp vs C-Corp
Year-end strategy before December 31
Estimated tax projections — no underpayment penalties
Self-employment tax optimization for freelancers & owners
Guarantee: at least 2× our fee in tax savings, or a full refund

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Tax Filing vs.
Tax Planning

Tax filing is backward-looking. You gather your documents, report what happened, and pay whatever the return says. Most people stop there.

Tax planning is forward-looking. The goal is to arrange your financial affairs so that you pay the lowest amount legally required — by making the right moves before the year ends, not after.

The window for most tax-saving strategies closes on December 31. After that, your CPA can only report what happened — not change it.

Start Planning Now →

The tax planning mindset

Planning window open
Locked in
JanAprJulOctDec 31Apr 15
Jan – Nov: Opportunities open

Deductions can be accelerated, income can be deferred, structure can be changed, contributions can be made.

Dec 31: The window closes

After midnight on December 31, most planning opportunities for that tax year are gone permanently.

Apr 15: Report what happened

By now, your tax liability is already fixed. Filing is just the paperwork. The savings — or the overpayment — were locked in months ago.

The Average WELFO Client
Saves $4,200+ per Year

Through entity optimization, deduction strategy, and year-end planning — most of our clients see meaningful tax reduction within the first year of proactive planning.

Calculate My Potential Savings →
$6,800Avg. S-Corp election savings/yr
$4,200Avg. annual savings, all clients
15.3%SE tax eliminated on distributions
Year 1Most savings realized immediately

Our Tax Planning
Services

A custom-built roadmap to minimize your tax burden through legal optimization — implemented year-round, not just in April.

Tax Strategy & Optimization

A custom-built tax roadmap designed to minimize your lifetime tax burden through legal optimization — accounting for your income, structure, and financial goals.

Entity Structure Selection

Analysis of whether LLC, S-Corp, or C-Corp status is most tax-efficient for your specific goals — with real numbers showing the difference in your annual tax bill.

Year-End Tax Planning

Strategic moves made before December 31 to lower your taxable income for the current year — timed to close before the window shuts permanently.

Estimated Tax Projections

Accurate quarterly calculations to ensure you pay the right amount throughout the year — avoiding both IRS underpayment penalties and unnecessary cash-flow drain.

Self-Employment Tax Optimization

Specific strategies for freelancers and small business owners to reduce Social Security and Medicare tax costs — often saving thousands annually through correct structuring.

Retirement & Deduction Planning

Maximizing retirement account contributions, Section 179 deductions, depreciation strategies, and timing of income and expenses to reduce your current-year tax liability.

“

Switching to an S-Corp on WELFO's advice saved me over $6,800 last year alone in self-employment taxes. The election took about two weeks to set up. I genuinely don't know why I waited so long.

— Michael T., Web Agency Owner, Texas

How We Plan Your Taxes
All Year Long

Effective tax planning isn't a once-a-year event. Here's what proactive tax management looks like throughout the year.

Q1

Review & Benchmark

Analyze prior year return, identify what was missed, and set a specific tax reduction target for the current year. Adjust estimated payments based on projected income.

Estimated payment · Apr 15
Q2

Mid-Year Projection

Run a mid-year tax projection based on actual income through June. Identify opportunities to accelerate deductions or defer income if needed. Recalculate Q3 estimate.

Estimated payment · Jun 15
Q3

Strategy Review

Review major transactions, assess retirement contribution strategy, evaluate whether entity structure changes make sense for next year. Prepare year-end action plan.

Estimated payment · Sep 15
Q4

Year-End Sprint

Execute year-end moves before December 31: accelerate deductions, maximize retirement contributions, time equipment purchases, defer invoices if beneficial.

Estimated payment · Jan 15

Our Tax Planning
Services

A custom-built roadmap to minimize your tax burden through legal optimization — implemented year-round, not just in April.

Tax Strategy & Optimization

A custom-built tax roadmap designed to minimize your lifetime tax burden through legal optimization — accounting for your income, structure, and financial goals.

Entity Structure Selection

Analysis of whether LLC, S-Corp, or C-Corp status is most tax-efficient for your specific goals — with real numbers showing the difference in your annual tax bill.

Year-End Tax Planning

Strategic moves made before December 31 to lower your taxable income for the current year — timed to close before the window shuts permanently.

Estimated Tax Projections

Accurate quarterly calculations to ensure you pay the right amount throughout the year — avoiding both IRS underpayment penalties and unnecessary cash-flow drain.

Self-Employment Tax Optimization

Specific strategies for freelancers and small business owners to reduce Social Security and Medicare tax costs — often saving thousands annually through correct structuring.

Retirement & Deduction Planning

Maximizing retirement account contributions, Section 179 deductions, depreciation strategies, and timing of income and expenses to reduce your current-year tax liability.

“

Switching to an S-Corp on WELFO's advice saved me over $6,800 last year alone in self-employment taxes. The election took about two weeks to set up. I genuinely don't know why I waited so long.

— Michael T., Web Agency Owner, Texas  · 

The 15.3% Tax
Most People Overpay

Self-employment tax (Social Security + Medicare) is 15.3% on net self-employment income — on top of regular income tax. For a freelancer earning $100K net, that's $15,300 in SE tax alone.

The S-Corp strategy splits your income into salary (subject to SE tax) and distributions (not subject to SE tax). Executed correctly, this is one of the highest-ROI tax moves available to self-employed individuals.

1

Assess Your Net Profit

The S-Corp election typically makes financial sense when your net self-employment income exceeds approximately $40,000–$50,000 per year.

2

Determine Reasonable Compensation

We analyze your role and industry to document a defensible salary — one that satisfies the IRS while maximizing your tax savings.

3

Set Up Payroll

Payroll is required for S-Corps. We help set up the system and ensure withholding, deposits, and W-2 issuance are all handled correctly.

4

Take Distributions

Remaining profit above your salary is taken as a distribution — free of self-employment tax, legally reducing your total SE tax burden.

The Numbers
in Practice

Freelancer earning $120K net profit

$40K$300K
As Single-Member LLC$18,360 SE tax
As S-Corp (salary: $60,000)$9,180 SE tax
Annual SE tax savings$9,180

* Illustrative only. Actual savings depend on salary level, state, and other factors. SE tax figures use 2024 rates.

Retirement Contribution Savings

A SEP-IRA or Solo 401(k) can shelter up to $69,000/year (2024) from income tax. The deduction reduces both income and SE tax for self-employed individuals.

Home Office Deduction

If you work from home, you may deduct a portion of rent or mortgage, utilities, and internet. Properly documented, this is a recurring annual deduction most people miss.

What Tax Planning
Actually Changes

The difference between clients who plan and clients who only file is measured in thousands of dollars every year.

Without Tax Planning

  • Pay 15.3% SE tax on 100% of net profit as an LLC when you didn't have to
  • Miss year-end deductions because you didn't act before December 31
  • Underpayment penalties for not making quarterly estimated payments
  • Overfund retirement accounts — or miss the contribution window entirely
  • Choose the wrong entity structure based on generic advice, not your numbers
  • Discover your tax liability in April — with no time left to change anything

With WELFO Tax Planning

  • S-Corp election eliminates SE tax on distributions — saving thousands annually
  • Year-end moves executed before December 31 — deductions captured on time
  • Quarterly estimates calculated accurately — no penalties, no cash flow surprises
  • Retirement contributions maximized — every dollar sheltered that can be
  • Entity structure chosen based on your actual numbers — not assumptions
  • Tax liability known in Q3 — time to act before the year closes

Know the Price
Before You Start

We use flat-fee pricing. You approve the number first, and we commit to results in writing.

One-time

Tax Strategy Review & Entity Analysis

from $350
  • Review of your income and current structure
  • Entity analysis with real numbers
  • Specific plan within 24h of your call
Book a Review →
Year-round

Ongoing Planning Engagement

from $1,500/year
  • Quarterly check-ins
  • Year-end planning session
  • Estimated tax projections
Get a Quote →
Guarantee
2×

At least double your fee back in tax savings

Our fee
Tax savings

With our Tax Planning service, we commit to saving you at least twice the cost of the service. If we can't find a way to do it, you get a full refund.

Full refund if 2× isn't metReply within 24 hoursPrice before we startOur mistakes, corrected at our costProfessional liability insurance

Tax Planning Questions,
Answered Honestly

When is the right time to start tax planning?
Now — regardless of what month it is. If it's early in the year, we have maximum time to implement strategies. If it's Q4, we focus on year-end moves before December 31. If it's just after tax season, we debrief on what happened and build a plan to do better next year. There's no wrong time to start planning, only wrong times to stop.
My income is too low for tax planning to matter. Is that true?
Not necessarily. Even at $40,000 in net self-employment income, an S-Corp election might save $2,000–3,000 per year. At $80,000, that could be $6,000+. The ROI on a tax planning engagement often exceeds 5–10x the cost within the first year. We tell you honestly whether planning makes financial sense for your specific situation.
What does it cost to elect S-Corp status?
The IRS filing itself (Form 2553) has no fee. The additional annual compliance cost includes an S-Corp tax return (1120-S, typically $650+) and basic payroll (varies by provider). Against potential SE tax savings of $5,000–10,000+ per year, the compliance cost is usually recovered many times over within the first year.
Can I still do year-end planning in December?
Yes — December is actually one of the most productive months for tax planning. We can still accelerate deductible expenses, time equipment purchases under Section 179, make retirement contributions, and defer invoices into January if beneficial. The key is acting before December 31, not waiting until you're filing in April.
What are quarterly estimated taxes and do I need to pay them?
If you're self-employed, a partner, or an S-Corp shareholder, you generally need to pay estimated taxes quarterly (April 15, June 15, Sept 15, Jan 15). If you underpay, the IRS charges an underpayment penalty regardless of whether you owe tax at year-end. We calculate the correct amount each quarter so you pay exactly what's required — no more, no less.
How much does a tax planning engagement cost?
We use flat-fee pricing. A one-time tax strategy review and entity analysis starts at $350. An ongoing year-round planning engagement (quarterly check-ins + year-end session) starts at $1,500 per year and is priced based on the complexity of your situation. Most clients recover the planning fee many times over in the first year. Book a free consultation and we'll give you a specific number.

Start Planning Before
The Year Ends

Every month you wait is money you can't get back. Book a planning session today.

Flat-fee · No obligation · Response within 24h · English & Russian