Tax Planning CPA in Allen, TX
Allen households earn a median income of roughly $110,000, well above the national average. That higher income, combined with equity compensation packages common among professionals along the US-75 corridor and Exchange Parkway business district, creates real tax complexity that a single filing session in April cannot solve. Proactive tax planning is how Allen residents and business owners keep more of what they earn, legally and strategically, throughout the entire year.
Our Services
Our Tax Planning Services for Allen Clients
Every tax planning engagement starts with a detailed review of your current tax position and ends with a written action plan you can execute. Here is exactly what Allen clients receive:
- Entity structure analysis: We evaluate whether your Allen business should operate as a sole proprietorship, LLC, or S-Corp, and we model the tax impact of each option using your actual revenue and owner compensation numbers.
- Retirement contribution strategy: We calculate the optimal contributions to SEP-IRAs, Solo 401(k)s, or employer-sponsored plans so you maximize deductions without overextending cash flow.
- Equity compensation review: For Allen professionals receiving RSUs, ISOs, or stock options, we map out vesting schedules and recommend timing strategies for exercises and sales to manage your federal tax bracket.
- Real estate and rental property planning: We review depreciation schedules, cost segregation opportunities, and 1031 exchange timing for Allen investors who hold residential or commercial rental properties.
- Estimated tax payment scheduling: We build a quarterly payment calendar so you avoid IRS underpayment penalties while keeping cash available for your business or personal investments.
- Year-end acceleration or deferral recommendations: Before December 31, we identify specific expenses to accelerate or income to defer based on your projected annual totals.
Tax planning sessions start at $197. That single investment routinely saves Allen clients many times its cost in reduced federal tax liability.
Why Allen Businesses and Residents Choose AG Freideman
30+ years of hands-on experience: Al Freideman has worked with small business owners and high-income individuals across multiple industries for over three decades. Allen clients benefit from a CPA who has already seen, and solved, situations like theirs hundreds of times.
Virtual appointments that fit your schedule: Our office is on Preston Road in North Dallas, a straight drive south on US-75 from Allen. But most Allen clients prefer the convenience of virtual meetings. We serve all of Allen and the surrounding DFW suburbs remotely, so you never need to leave your home or office for expert tax planning.
Transparent pricing with no surprises: We publish our rates upfront. Tax planning sessions start at $197, and we quote any additional work before we begin. Allen clients always know what they will pay before we start.
52 five-star Google reviews: Every single one of our Google reviews is five stars. Allen clients choose us because our track record of personal attention and real results is verified by dozens of business owners and professionals just like them.
Tax Planning Questions from Allen Clients
What is the difference between tax planning and tax preparation?
Tax preparation is backward-looking: your CPA files a return based on what already happened. Tax planning is forward-looking: we analyze your income, deductions, and entity structure before the tax year ends so we can make changes that legally reduce what you owe. Allen residents who only do tax preparation often miss thousands of dollars in savings that a planning session would have caught months earlier.
When should tax planning start?
The most effective time to begin tax planning is mid-year, typically June through September, when there is still time to adjust estimated payments, accelerate deductions, or restructure your business entity. However, Allen clients contact us year-round, and even a November or December session can produce meaningful savings before the calendar year closes.
How do RSUs and stock options get taxed?
Restricted stock units (RSUs) are taxed as ordinary income at the federal level when they vest, based on the fair market value on the vesting date. Incentive stock options (ISOs) follow different rules: you generally owe no regular income tax at exercise, but the spread may trigger the Alternative Minimum Tax (AMT). Many Allen professionals working at companies along the US-75 corridor and Exchange Parkway hold equity compensation. We model the tax impact of different exercise and sale timing strategies so you avoid unexpected tax bills.
Is tax planning worth it at my income level in Allen?
With a median household income around $110,000, most Allen households are solidly in the 22% or 24% federal bracket. At those rates, even modest planning moves (maximizing retirement contributions, timing capital gains, or electing S-Corp status for a side business) can save $3,000 to $10,000 or more per year. Our planning sessions start at $197, making the return on that investment significant for the typical Allen household.
Does Texas have a state income tax I need to plan around?
Texas has no state personal income tax, which is one reason Allen continues to attract high-income families and professionals. However, Texas does impose a Franchise Tax (also called the margin tax) on most business entities, due each May 15. If you own an LLC, S-Corp, or partnership operating in Allen, we include Franchise Tax planning in your strategy session so you are not caught off guard by a liability that many new business owners overlook.
Can I do tax planning virtually from Allen?
Yes. The majority of our Allen clients work with us entirely through virtual meetings and secure document sharing. You upload your documents, we schedule a video call to review your situation and present our recommendations, and you receive a written action plan. If you prefer an in-person meeting, our Preston Road office is about 20 minutes south of Allen on US-75.
Get Started from Anywhere in Allen
Tax planning works best when you start before decisions are locked in. Whether you are an Allen business owner evaluating an S-Corp election, a professional managing RSU vesting schedules, or a family looking to reduce your federal tax bill, we are ready to help. Book a free, no-obligation consultation at agfreideman.com/meeting/ or call Al directly at (972) 893-3481. Every conversation is with Al Freideman, CPA, not a junior associate, not a call center. Your tax situation deserves that kind of personal attention.
Visit Our Office
Address: 17304 Preston Rd Ste 861, Dallas, TX 75252
Phone: (972) 893-3481
We also offer virtual appointments for clients throughout the DFW metroplex who prefer to meet remotely.
Book a Meeting"I had worked with the same accountant for more than 10 years, so finding a new one was a significant decision. While my previous accountant did a great job, they were located out of state, and I wanted someone local…"
Ready to Get Started?
Book your free consultation with Al Freideman, CPA. 30+ years experience serving Dallas-Fort Worth.