There are vaious aspects to financial services for both individuals and businesses. Florez Tax & Consulting understands the financial issues and tax considerations of investing to enable people to receive the greatest financial reward.

Individual Financial Services

We begin the process with a review of each individual's tax and financial record. With this information we create a detailed plan that will help you reach long and short term financial goals with the lowest tax consequences.

These financial decisions can impact the direction a person wants to take when planning for retirement or college expenses. The first step in creating a retirement plan involves a detailed review of a person's 401(k) or pension plan with his or her employer. Next, we review the projected social security benefits. This will enable us to determine how much money will be needed for an individual to maintain his or her current lifestyle. We can help people set up a personalized monthly plan to achieve retirement goals.

The principle benefit of a Traditional IRA is deferral of taxes on the investment (and investment income) until withdrawals are made. For more information on IRA's please click here.

College can be very expensive, establishing a college plan early in the child's life will help offset the high costs of secondary education. The process begins by looking at several colleges in the area to find an average cost of the money needed to pay a child's higher education. From this information, we can create a customized monthly plan to make sure that a higher education is an attainable goal. For more information on custodial accounts please click here.

Estate planning is another aspect of the services that we provide. We will deveolp a customized plan regardless of the size of a person's estate. We create a customized estate plan that will take into account both state and federal taxes, probate fees and other issues.

Business Financial Services

First, we find out the concerns of the business owner. With these concerns in mind, we will help an employer come up with a plan to address his or her financial concerns.

We can set up, offer and manage a variety of qualified and nonqualified benefit packages.

Retirement plans, which are considered qualified benefits, don't need to be expensive to start or maintain. Each plan has positives and negatives when it comes to the tax and financial aspects of the business. The key is finding the plan that meets the owners and business' needs.

A properly designed retirement plan can offer a business limited responsibility, tax deffered compounding, and experienced portfolio management, which will help improve the owner's tax situation as well as attract and keep loyal employees.

Nonqualified benefits allow owners to reward themselves or specific workers over and above the average employee. There are many different nonqualified benefits which can be tailored to an individual's needs.