The Difference Between A Tax Planner & A Financial Planner

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The Difference Between A Tax Planner A
Financial Planner
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• Whether youre a small business owner or an
  individual looking to take better care of your
  finances, you may be curious to know the
  difference between a tax planner and a financial
  planner, and which of the two you might benefit
  from using the services of.
• With almost all areas of personal finance being
  connected and related to one other, as an
  individual, youll find that there is an overlap
  between the roles of a tax planner and a
  financial planner, whereas if youre a small
  business owner, the differences may be a little
  more distinguishable.

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• What is a tax planner and how can they help you
  with your financial circumstances?
• Income taxation is the chosen specialist topic
  for tax planners, and whether referring to an
  accountant, a CPA (certified public accountant)
  or a tax attorney, each will have a set of
  recognized professional credentials and should be
  well versed in the subject matter. Should you be
  using the services of a tax planner, then their
  work will be focused upon the various elements of
  income tax related to you or your business. That
  said, since there are many wide ranging financial
  matters that income taxes encompass, most tax
  planners will have sound knowledge of many other
  aspects of personal and business finances, too.

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• Its often this expanse and breadth of knowledge
  which can make them seem akin to a financial
  planner.
• Using the knowledge and experience that seasoned
  tax planners have, they will help you to minimize
  your income tax for the current year and guide
  you as to how best to minimize them in the
  future.
• What is a financial planner, and how might they
  be able to help you?
• The term financial planner is a much broader
  one than a tax planner, and the services that
  they can offer may be of a more varied nature. To
  help clients know

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• how best a financial planner can help them, they
  often have professional designations such as CFP
  (certified financial planner) or RFP (registered
  financial planner), and they can also play roles
  in other professional fields such as CPAs or
  attorneys.
• Due to the broad term of financial planner and
  the variety of ways in which they can help
  individuals and small businesses, they can be
  confused with other professionals working within
  the financial industry, and it can be difficult
  to know exactly which type of financial expert
  you might need the help of.

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• If your business is within a specific industry,
  then you might be wise to seek a financial
  planner with expertise in that area, otherwise
  you may fare better with one who covers a wide
  range of industries.
• Financial planners should never seek commission
  from clients or receive any kind of renumeration
  for signing them up to specific products or
  investments the advice and guidance that they
  give you should be unbiased, clear and legally
  sound.

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• As both a financial planner and a tax planner are
  involved in money matters surrounding taxation,
  you may find that your circumstances warrant the
  services of both, but a tax planner will
  naturally be best placed to give specific advice
  and guidance related to your tax situation.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax preparation service
  Coral Gables. If you are looking for tax
  preparation service in Miami, Heyer Associates
  would be a right option.