Lower your tax bill before December 31, not after it. Year-round tax planning for New York business owners, high earners and families, from a White Plains firm with 20+ years of experience and a 4.9 star Google rating.
Free · 15 minutes · No obligation
94days left
to lower your 2026 tax bill. After December 31, these stop counting for 2026:
Free · 15 minutes · No obligation
Tax planning is the work done during the year that legally lowers what you owe, before the year closes. Tax preparation reports what already happened. In New York, where state, city and federal taxes stack, planning is where the savings are.
When it happens
Preparation
January to April, after the year is over
Planning
All year, while there is still time to act
What it looks at
Preparation
What already happened
Planning
What you can still change
The question it answers
Preparation
What do I owe?
Planning
How do I legally owe less?
What you get
Preparation
An accurate return
Planning
A lower tax bill and a plan for next year
| Tax preparation | Tax planning | |
|---|---|---|
| When it happens | January to April, after the year is over | All year, while there is still time to act |
| What it looks at | What already happened | What you can still change |
| The question it answers | What do I owe? | How do I legally owe less? |
| What you get | An accurate return | A lower tax bill and a plan for next year |
National advice misses the New York layer. These four are where most of our clients were overpaying before they came to us.
Up to 14.776%
New York State's top rate is 10.9% and New York City residents add up to 3.876%. Yonkers residents pay a surcharge on their state tax. Where you live, and where you work, changes the math.
8.85%
An S corporation saves self-employment tax federally, but New York City taxes S corps under its General Corporation Tax as if they were regular corporations. The right entity for a Brooklyn business is not always the right one for a Westchester business.
$40,400
The federal deduction for state and local taxes rose to $40,400 for 2026, but it shrinks back toward $10,000 once income passes $505,000. New York's pass-through entity tax (PTET) can move business income around the cap, if the election is made on time.
15.3%
Sole proprietors and single-member LLCs pay Social Security and Medicare on nearly all of their profit, before income tax. Higher earners in the MTA region can owe the MCTMT on top. Entity choice and retirement plans are the two biggest levers.
Not every lever fits every person. The plan only includes the ones that fit you, with a dollar estimate next to each.
Once profit is steady, an S corp can move part of it out of self-employment tax with a reasonable salary. We run the numbers with New York State and New York City rules in, not just federal.
Good fit: Business owners with steady profit
Solo 401(k), SEP IRA or a defined benefit plan. The right one can shelter tens of thousands of dollars a year, and salary deferrals through S corp payroll have to happen by December 31 to count for this year.
Good fit: Owners, self-employed and high earners
Partnerships and S corps can elect New York's pass-through entity tax, so state tax is paid and deducted at the business level instead of being lost to the SALT cap. The election for each year is due by March 15.
Good fit: Owners of partnerships and S corps
When you invoice, when you buy the truck or equipment, and when you take a bonus all move tax between years. Section 179 and 100% bonus depreciation make the timing worth planning.
Good fit: Owners with lumpy income or big purchases
An accountable plan for home office and phone costs, documented vehicle mileage, putting your children on payroll properly, and renting your home to your business for meetings under the 14 day rule.
Good fit: Every business owner
Pay enough to avoid penalties, but not so much that you lend the IRS money for free. We use the safe harbor rules and adjust the payments when your income changes.
Good fit: Self-employed and anyone with a side business
Harvesting losses, bunching charitable gifts through a donor advised fund, New York 529 contributions that are deductible on your state return, and gifts to family inside the annual exclusion.
Good fit: High earners and families
Depreciation done properly, cost segregation on larger buildings, the rules for a rented unit in the two-family house you live in, and planning a sale before it happens.
Good fit: Landlords and real estate investors
$15,000+
saved in a single year
Real estate investor, Westchester
One entity structure change, planned before year end
~$6,800
less tax in the first year
Home daycare, Mount Vernon
Home use and standard meal allowance claimed properly
~$350,000
of depreciation pulled into year one
Six unit building, Westchester
Cost segregation study
Examples from our client stories. Details are combined across similar clients and identifying information is removed. Your results depend on your own situation.
Professional, knowledgeable, and always available when I have questions. They planned my business structure in a way that saved me thousands. A true partner for my business.
As a small business owner, I needed reliable bookkeeping and tax planning. London's Tax Services keeps my books clean and my tax bill manageable. Highly recommend.
Tell us what is going on. We will tell you honestly whether planning is likely to pay for itself in your situation. No pressure, no obligation.
We read your last return and this year's numbers, then map the strategies that actually fit you, with a dollar estimate next to each one.
A written plan with the deadlines that matter, and a planner checking in on your rhythm: once, quarterly or monthly, depending on the plan you choose.
All three are ongoing tax planning, in person in White Plains or by video anywhere in New York. The difference is how often we look at your numbers with you, and how early you get to act on what we find.
Know your number early
Individuals, families and solo owners who want one clear plan for the year.
You find out what you will owe months before April, while you can still change it.
A check-in every quarter
Business owners making decisions all year who want backup on each one.
Nothing goes unchecked for more than three months, so the year stops surprising you.
A financial partner every month
Owners who want someone who knows their numbers in the business every month.
Cash, taxes and your own pay are planned before they move, not reconciled after.
| What you get | Silver | Gold | Platinum |
|---|---|---|---|
| Annual tax projection | |||
| Planning meetings | 1 a year | 4 a year | 12 a year |
| Email support | Unlimited | ||
| Entity review (LLC, S corp) | |||
| Quarterly estimated taxes worked out | |||
| Cash flow planning | |||
| Profit First coaching |
Every plan includes
Not sure which plan fits? Pricing depends on how complex your situation is, so we quote it on a free 15 minute call. We will recommend the smallest plan that pays for itself, or tell you if planning is not worth it for you yet.
Our office is at 75 South Broadway in White Plains. Westchester clients can meet us in person; clients everywhere else in New York meet by video and share documents securely online.
In person
White Plains · Yonkers · New Rochelle · Mount Vernon · Scarsdale · Eastchester · Bronxville · Pelham. See our White Plains, Yonkers and New Rochelle pages.
By video
Manhattan · Brooklyn · Queens · The Bronx · Staten Island · Long Island · Rockland County · Hudson Valley · Albany · Buffalo · Rochester · Syracuse. City clients: see tax planning in New York City, with the NYC income tax, UBT and S corp rules.
Pick any open time. In 15 minutes you will know whether planning would pay for itself for you, and which plan fits.
Something else on your mind? Ask it on the free call, or phone us at (646) 917-7714.
A 15 minute call now is worth more than any amount of work in April. Book it, and we will tell you exactly what is still possible for 2026.