Meyers Wealth Management is not an accountant, CPA, enrolled agent or tax preparer. We'll be happy to refer our clients to some local professionals.
Our advice, plans and guidance for our clients takes into account tax matters -- for example, in many cases, it's in our client's best interest to save for retirement in certain tax-favored accounts such as IRAs and 401(k)s, or for another example, if a client has a taxable stock portfolio containing both unrealized capital gains and losses, we will work with the client to try to take maximal advantage of those gains and losses to manage the tax impact of any trading and portfolio balancing to do.
However, we are not accountants, and we get no financial incentive for referring our clients to any particular accountants or other tax professionals.
If you already have an accountant with whom you're working, we'd like to know and if appropriate, we'll be happy to coordinate with them as necessary. We may ask you to have your accountant compute things (such as how much you may put into a SEP-IRA, for example) or address specifics about your financial situation which will help us plan for you.
Some of our clients do their own taxes at home using off-the-shelf software packages or online tax prep programs. For many folks, that's more than adequate and we'll be happy to take a look at their results - in fact, we ask most of our clients to provide us with a copy of their most recent tax returns simply because it's a great source of information which helps very much in drawing up a financial plan for the clients. For other clients, we'll strongly recommend that they do see an accountant, especially if they have complex tax situations such as income in more than one state, self-employment income or a small business, or if they are partners in a partnership, or if they have stock options to evaluate.