Our Comprehensive Tax Planning (CTP) combines traditional filing with our proactive planning process. Our goal is to develop and execute a tax strategy so you pay the least amount of taxes while keeping other aspects of your financial plan in mind. You'll pay a flat fee plus a quarterly fee for our year-round tax service.
Pain-free annual onboarding
Secure, Digital Tax Data Management
Missing Information/Deductions Review
Federal/Resident State Tax Return Prep and eFiling
Annual Tax Results Review
IRS/State Correspondence Assistance
Dedicated Advisor and Priority Support
Tax Liability Projection / Refund Management
Year-Round Tax Savings Optimization
Coordination with your YFP Planning team (if applicable)
Tax Threat Mitigation
Top-3 Priorities Action Plan with Year-Round Updates and Execution
Click the button below, give us some basic info, and we'll take it from there.
Sign the engagement letter.
That’s tax-speak for “contract”. We’ll send you everything through our secure client portal, which is what you’ll use to upload documents and receive sensitive correspondence from us. Once signed, you’ll receive a congratulatory welcome letter from us outlining the next steps in our journey.
Fill out our Client Questionnaire and upload documents.
We’ve spent several years fine-tuning this important data-gathering process to make your tax filing as painless as possible.
Review your return with the YFP Tax team.
Nobody wants to sign something without understanding what it is they are signing. Our team will guide you through your return, answering any questions you may have, before you e-sign and we electronically file on your behalf.
Congrats! You've filed and are ready to look forward.
Outside of tax season, our meetings will focus on your tax goals and how to achieve them. We’ll manage any year-end takeaways, we’ll touch base with mid-year liability projections, and we’re available year-round to assist and provide guidance for any tax-related concerns you have (trust us – tax matters don’t disappear after April 15th!).
Unlike other firms, we aren't focused on just completing your tax return. We help you employ an ongoing tax strategy that marries with the rest of your financial plan.
BUILT FOR PHARMACISTS
We work specifically with pharmacists and are familiar with aspects of your financial plan that have an impact on your taxes like student loans, benefits packages, and side hustles.
The way your taxes are filed has an impact on the rest of your financial plan and we're experts in understanding the nuances of tax preparation and planning.
SIMPLE AND EASY
Clients love to file with us because of how easy it is. Follow our checklist, fill out a questionnaire, upload your documents, and we'll do the rest!
Tax laws are always changing. We stay on top of them so you don't have to, maximizing credits and deductions to reduce your tax liability.
ELECTRONIC AND PAPERLESS
Snap pictures of your documents with your phone and upload them to our secure software. No printing or scanning is required!
Meet the YFP Tax Team
Sean Richards, CPA, EA
Director of Tax
Sean is our Director of Tax and leads the YFP Tax team. He is a certified public accountant (CPA) and Enrolled Agent (EA) and draws on his extensive accounting background to provide pharmacists with the tax and bookkeeping services they need to support their ever-evolving ambitions.
Paul Eikenberg, EA
Senior Tax Advisor
Paul is our Senior Tax Advisor. In addition to being an Enrolled Agent (EA), he brings extensive business administration experience to our team, including owning franchises, being a VP of Franchise Operations, and (currently!) serving as chairman of the board of a credit union.
Aurielle is our Tax Specialist. She uses her expert attention-to-detail and streamlining skills to craft customized tax and bookkeeping strategies for our clients. She is currently pursuing the Enrolled Agent (EA) designation.
Frequently Asked Questions
What's the scope of the service?
If you are looking for tax-filing ONLY, this service is not for you. The YFP Comprehensive Tax Planning (CTP) includes filing + year-round planning. See our "Comprehensive Tax Planning" breakdown above to see the full-list of services included in the year-round engagement.
How much does it cost?
YFP Comprehensive Tax Planning (CTP) is a year-round engagement. You’ll pay a quarterly fee for our year-round tax service, including basic filings. Considering the complexity varies from one individual to another, we will quote your price prior to signing up. Complexity fees may apply if additional forms are required or complexities exist such as tax elections, incorrect depreciation, or missing basis.
What happens if there is a mistake on my tax return?
If there is a mistake on your tax return, we'll work with the IRS to fix it. We pride ourselves on accuracy and don't foresee this happening, but if it does, we'll work diligently to solve it.
What's an engagement letter?
It's a contract between YFP Tax and you, our client. It lists out the work that we'll do for you, our pricing structure, and details about the documents and other information we'll need from you to get started.
Why should I use your service instead of using tax software myself?
Tax software is great especially if your situation is relatively simple. However, even with the best software, you can still make mistakes that could end up costing you big. This could lead to...
Missing allowable deductions and credits that could increase your refund
Missing deadlines and estimates that could trigger penalties and interest
Making errors that generate IRS inquiries
Tax software also provides limited tax planning - something that is so often overlooked in individuals' financial strategies and what makes the YFP Tax CTP service stand out.
What's the difference between a CPA and an EA?
Enrolled Agents (EAs) have a specialized focus in tax preparation for individuals and businesses. They are required to pass a series of 3 exams administered by the IRS and complete at least 24 hours of continuing education annually. They are enrolled to practice before the IRS under 31 Code of Federal Regulations Part 10 and are regulated by the IRS.
Certified Public Accountants (CPAs) are licensed and regulated by individual state boards; however, all must pass all 4 sections of the Uniform CPA Examination.