Tax Preparation Service in Orlando, FL
Don't Pay More Than You Have To
Paying taxes is unavoidable - overpaying is not.
For most Americans, taxes are the single biggest expenditure year in and year out. When faced with such a large recurring payment, you should be sure that you aren’t paying more than you have to.
Most people don't realize how much taxes quietly erode their retirement income - until it's too late to fix it.
Tax preparation tells you what happened.
Tax planning helps control what happens next.
At Nelson Financial Planning, tax preparation and tax-saving strategies go far beyond filing a return. Tax preparation and tax-saving strategies are integrated into a broader financial plan designed to reduce taxes over time — especially for those approaching or already in retirement.
Our goal is simple: help you keep more of what you earn - now and in retirement.
Getting your taxes prepared by a tax preparation professional can save you hundreds to thousands of dollars on your taxes and keep the IRS out of your mailbox.
At Nelson Financial Planning, our tax preparation and financial planning team has over 30 years of experience serving individuals and families across the Orlando, FL area. When you bring your taxes to us, we use our comprehensive tax code knowledge to prepare your taxes quickly and correctly, all while saving you as much money as possible. Call our office at 407-629-6477 to schedule an appointment with us today!
What are Tax Saving Strategies?
Tax saving strategies are proactive financial planning techniques designed to legally reduce how much tax you pay over time - not just this year, but across decades.
Unlike basic tax preparation, tax planning looks ahead. It evaluates:
- How and when income is received
- Where assets are held
- How retirement withdrawals are structured
- How future tax brackets may impact you
The result is a strategy focused on after-tax income, not just pre-tax returns.
What Can Affect Your Taxes?
There are only two things guaranteed in this life - death and taxes. At least with taxes, you can try to minimize their effect. Our tax system in this country is desperately in need of a complete overhaul. The current tax code covers over 72,000 pages and is a marvel in complexity and exceptions. Depending on your income level, taxes can claim over one-third of your money. This is a particular concern if you are planning for retirement.
As part of our retirement savings plan, our financial planners look ahead at your potential tax bill in retirement and provide retirement advice to help you budget for this expense. We pay particular attention to tax situations that allow for free withdrawals of pre-tax retirement assets. In addition, we also focus on the levels of income that trigger taxation of Social Security benefits. These are just two of the scenarios that can occur in retirement that have a dramatic impact on your retirement income.
How Tax Preparation Fits into Tax Planning
Tax preparation is not a separate service - it's a critical data point.
Preparing your tax return allows us to:
- Identify missed deductions or credits
- Spot patterns that increase future tax exposure
- See how investments, retirement accounts, and income sources interact
- Plan smarter moves for the upcoming year
When tax preparation and tax planning are disconnected, opportunities are often missed.
How Taxes Impact Retirement Income
Taxes can significantly reduce retirement income if they are not managed intentionally.
Many retirees are surprised to learn:
- Withdrawals from traditional IRAs and 401(k)s are fully taxable
- Higher income can cause Social Security benefits to become taxable
- Poor withdrawal sequencing can push you into higher tax brackets
A coordinated strategy focuses on when, from where, and how much income is taken to reduce unnecessary taxes throughout retirement.
Who Benefits Most from Tax Planning
Tax-saving strategies are especially valuable if you:
- Are approaching or already in retirement
- Have multiple income sources
- Own investment accounts outside of retirement plans
- Expect Required Minimum Distributions (RMDs) in the future
- Are concerned about Social Security taxation
- Want to reduce taxes on retirement withdrawals
If you’ve ever wondered, “Why is my tax bill still so high?” — tax planning is usually the answer.
When Tax Planning Becomes Critical
Tax planning becomes especially important when:
- Retirement is within the next 5–10 years
- Required Minimum Distributions are approaching
- Social Security will soon be part of your income
- Taxes feel unpredictable year to year
- You want more certainty around after-tax income
If any of these apply, tax decisions made today can have long-term consequences that are difficult to undo later.
Tax planning isn't about tricks - it's about understanding your options before decisions are locked in.
Common Tax Strategies We Evaluate
Every plan is personalized, but tax strategies often include evaluating:
- Timing of retirement account withdrawals
- Roth conversion opportunities
- Tax-efficient investment placement
- Social Security claiming strategies
- Capital gains planning
- Required Minimum Distribution (RMD) planning
- Coordination of charitable giving with tax efficiency
The focus is not complexity — it’s clarity and control.
Before You Retire: Our Three-Step Tax Preparation Process
We use a structured, three-step process to ensure accuracy and uncover opportunities.
Step 1: Comprehensive Information Review
We gather and review all relevant tax documents and financial data to ensure nothing is overlooked.
Step 2: Professional Tax Preparation
A CPA prepares your return with attention to accuracy, compliance, and potential planning opportunities.
Step 3: Strategic Review
We review your completed return with you to explain what happened, why it happened, and how future decisions could improve outcomes.
This process helps ensure you don't just file - you learn and plan.
Why Tax Planning is a Year-Round Strategy
Tax planning doesn’t happen once a year.
Decisions made throughout the year — contributions, withdrawals, investment changes — all affect taxes. Ongoing planning allows adjustments before it’s too late, rather than reacting after the year has ended.
Why Work with a Financial Planner on Taxes?
Tax planning works best when it’s integrated with:
- Retirement income planning
- Investment strategy
- Long-term financial goals
Working with a fiduciary financial planner means tax decisions are made in your best interest, not to sell products or chase short-term savings.
Trust Your Taxes With Our Tax Preparation Professionals at Nelson Financial Planning
Since 1984, our tax preparation and estate planning team at Nelson Financial Planning has worked diligently to save families hundreds to thousands of dollars on their taxes each year. For tax newcomers and retired clients alike, we provide thorough, knowledgeable, and efficient tax preparation services to help you save money.
What Happens Next
If you’re unsure whether your current tax strategy is helping or hurting you, a conversation can bring clarity.
A complimentary consultation allows us to:
- Review your current tax situation
- Identify potential planning opportunities
- Discuss whether proactive tax strategies make sense for you
Smart tax planning isn’t about tricks — it’s about coordination, timing, and intention. Start your tax planning conversation - book an appointment today!
