Tax Planning vs. Tax Prep

Do you know the difference between tax planning and tax preparation? Is there more you can do to be financially proactive and tax savvy?

Quiz Questions

1.
Who prepares your taxes each year?

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- A.
  
  It's simple, so I do it myself.
- B.
  
  I use tax prep software.
- C.
  
  I work with an accountant to prepare my taxes.
- D.
  
  I work with an accountant and also consult a tax planner.
2.
Do you think about taxes throughout the year or just when returns are due?

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- A.
  
  I only think about my taxes when I need to file my annual returns.
- B.
  
  I consider possible tax implications of financial decisions throughout the year.
- C.
  
  I talk with an accountant or financial advisor frequently to discuss possible tax savings, liabilities or penalties.
3.
Do you consider the long-term tax implications of your financial decisions?

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- A.
  
  Yes
- B.
  
  No
4.
Do you work with an accountant and/or financial advisor?

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- A.
  
  I work with an accountant to prepare my tax return and do not work with a financial advisor for tax planning.
- B.
  
  I work with a financial advisor on tax planning and do not work with an accountant to prepare my tax return.
- C.
  
  I work with both an accountant and financial advisor.
- D.
  
  I don't work with either an accountant or financial advisor.

Quiz Outcomes

1.

You're a Pro!

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Great job! You're focused on both tax planning and tax prep. It's important to take a proactive approach to your tax liabilities and think long-term. Learn more about our thoughts in our recent tax planning blog post.We also invite you to sign up for our newsletter to get financial insights delivered quarterly to your inbox.We would love to talk to you about Agili's holistic approach to financial planning (including tax planning) and investment management.
2.

Some Help Could Go a Long Way

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You're on a good path, but some help could make all the difference. Don't forget about the importance of tax planning for your financial future.We understand that everyone's financial picture is unique. Learn more about your financial wellbeing by contacting us at Agili. Plus, sign up for our newsletter to get financial insights delivered quarterly to your inbox.
3.

Don't Do It All by Yourself

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It's time to think about taxes beyond preparing an annual return. Don't stress because you can get the help you need! We understand that everyone's financial picture is unique. Learn how tax planning can impact your financial future by contacting us at Agili. Plus, sign up for our newsletter to get financial insights delivered quarterly to your inbox.