Don’t wait until year-end to get your finances in order. Mid-year tax planning gives you a strategic checkpoint to evaluate your financial position, reduce your tax liability, and make informed decisions before it’s too late. June is the perfect time to review your progress and adjust course if needed.
Why schedule a mid-year tax review?
Our mid-year tax planning service provides a comprehensive financial analysis to ensure you’re on track—and if not, we’ll get you back there. Here’s what we cover:
- Review your year-to-date income and projected placement in 2025 tax brackets
- Estimate whether you’ll owe taxes or receive a refund—and plan based on your preferences
- Optimize deductions like retirement, HSA/FSA contributions, and charitable donations
- Strategically manage income, expenses, and withholding to minimize surprises
By the end of your session, you’ll have a clear, actionable plan—and the peace of mind that comes with it.
Had an unexpected tax bill this year?
If you were surprised by what you owed last tax season, you’re not alone. Many taxpayers get caught off guard due to under-withholding, misclassified income, or missed deductions.
In the mid-year tax planning with Waldman Accounting, we’ll analyze your financial situation and help you avoid owing money next year by making adjustments now. We’ll review:
- Paycheck withholdings to ensure alignment with actual income
- Identify missed or underutilized deductions
- Explore tax-saving opportunities for the remainder of the year
We’ll ensure that whether you choose to owe or prefer to receive a refund, you’re prepared in advance.
Your personalized tax roadmap
Our goal is to understand your unique tax objectives and guide you down the best path. Think of us as your tax GPS—providing direction, avoiding hazards, and helping you reach your financial destination efficiently. We review:
- Last year’s tax return
- Your current pay stub
- Any business or investment activity
This allows us to project your tax liability and uncover saving opportunities tailored to your unique situation.
Mid-year tax planning packages:
1.) Individual Plan – $150
For individuals with straightforward finances. Includes:
- Review of prior year return + current pay stub
- Estimate of 2025 tax position
- Deduction optimization (retirement contributions, HSA/FSA, etc.)
- Guidance on investment withdrawals and their tax impact
2.) Mid-Level Planning – $300
Perfect for freelancers and small business owners. Includes:
- Everything in Individual Plan, plus:
- Business income/expense review
- Self-employment tax planning
- Contributions to tax-advantaged accounts (Solo 401(k), SEP IRA, HSA, etc.)
3.) High-Income or Business Owner Plan – $750
Tailored for more complex financial profiles. Includes:
- Comprehensive review of all income streams
- Advanced tax strategies & credit exploration
- Entity structure review and strategic tax planning
Personalized roadmap for tax optimization across multiple entities
Note: Mid-year tax planning does not include bookkeeping, and you should come to this meeting with your bookkeeping up to date. If you require bookkeeping services, we offer separate packages to assist with maintaining accurate financial records.
What to bring to your appointment
To maximize the value of your session, please bring:
- Your most recent pay stub
- A copy of your previous year’s tax return
- Any business financials or self-employment records
- Details on investment or rental income
- Retirement/investment account activity
With these documents, we’ll tailor a tax strategy that keeps more of your money in your pocket and sets you up for a successful, maximized year-end.