Tax Strategy

Maximize Your Wealth

As a leading financial advisory firm in Kansas City, we are dedicated to helping individuals like you navigate the complexities of tax planning and optimize your tax strategies for a brighter financial future.


Are you capitalizing on the tax benefits available to you? Do you have a Family CFO to proactively review and think about your tax strategy based around your taxable, retirement real estate, business, and personal assets? Advisors at Buttonwood Financial Group are the ‘Idea Team’ and work in conjunction with your CPA to explore opportunities across your financial life.


Developing a solid tax strategy includes a mixture of analyzing your current financial situation, and arranging your finances to help you optimize your tax liability. This is achieved through proactive tax planning and a trial tax return. Additionally, our team brings extensive experience in a number of strategies to reduce taxes over your life.

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The Buttonwood Approach

Stay Ahead of the Curve with Personalized Tax Strategies

At Buttonwood Financial Group, we understand that navigating the complexities of wealth management can be challenging. That's why we offer a comprehensive range of services and a client-centric approach to help you overcome these challenges and achieve your financial aspirations.


Generally, investment managers focus on what they manage – investments. Tax-centric firms focus on taxes. Insurance firms tend to turn to insurance products to address challenges, and legal firms dive deep into estate and law. While often very talented, many of these providers are not synchronized with developing unique multigenerational wealth strategies, nor are they in sync with each other.


While essential, we often see holes in strategy and opportunities left on the table from these narrower perspectives. Our inclusive role as Family CFO allows us to coordinate investments and interact with other professionals to develop, coordinate and implement a comprehensive multigenerational wealth strategy.


With Buttonwood Financial Group as your trusted partner, you can navigate the complexities of wealth management with confidence. We are committed to your financial success and strive to deliver exceptional service, tailored solutions, and personalized guidance every step of the way.

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Understanding Your Tax Situation

Income, Investments, and Beyond

At Buttonwood Financial Group, we take a holistic approach to understanding your unique tax situation. We analyze your income, deductions, investments, and overall financial picture to develop a tailored tax strategy that maximizes your tax efficiency and supports your financial goals.


Your tax situation is influenced by various factors, each playing a crucial role in determining your overall tax liabilities and opportunities for tax savings.


We believe that a deep understanding of these factors is essential for effective tax planning:

Income Sources

The sources of your income, such as wages, self-employment earnings, rental income, and investment income, all contribute to your taxable income. Different types of income may be subject to varying tax rates and deductions, making it essential to assess each income source's tax implications.


Filing Status

Your filing status, whether single, married filing jointly, married filing separately, or head of household, affects your tax brackets and available deductions. Choosing the most advantageous filing status is crucial to optimizing your tax position.


Tax Deductions

Tax deductions are valuable tools for reducing your taxable income. Common deductions include mortgage interest, state and local taxes, charitable contributions, and medical expenses. By itemizing deductions or taking the standard deduction, you can minimize your taxable income.

tax strategy Kansas City

Tax Credits

Tax credits directly reduce your tax bill, providing a dollar-for-dollar reduction in taxes owed. Credits, such as the Child Tax Credit, Earned Income Tax Credit, and Education Credits, can significantly lower your tax liability.


Investment Income

The tax treatment of investment income varies depending on the type of investment and holding period. Capital gains from investments may be subject to different tax rates, while certain tax-advantaged accounts, like Roth 401(k) and Roth IRAs, offer tax-free withdrawals.


Retirement Accounts

Contributions to retirement accounts, such as Traditional IRAs and 401(k)s, can lower your taxable income in the year of contribution. Additionally, the tax treatment of withdrawals in retirement can impact your overall tax liability.

Timing of Transactions

The timing of certain financial transactions can influence your tax liability. For example, deferring income or accelerating expenses can impact the taxes you owe in a given year.


Healthcare and Medical Expenses

Healthcare costs and medical expenses can have tax implications, especially when it comes to deducting qualified medical expenses.


Changes in Tax Laws

Tax laws and regulations are subject to change, impacting your tax planning strategies. Staying informed about state and local tax law updates is crucial for making timely and informed financial decisions.

Common Questions About Tax Strategy

If you have questions about tax strategy, don't worry. You're not alone. Here are some frequently asked questions about tax plans, strategy, and how they can make an impact in your life:


  • Why is tax planning important?
    Tax planning is crucial for maximizing wealth, achieving financial goals, and optimizing your overall financial situation. Effective tax planning can help you reduce tax liabilities, increase your after-tax income, and make informed financial decisions.

  • How can tax efficiency impact my investments?
    Tax efficiency can significantly impact your investment returns. By strategically locating assets across different accounts, tax-loss harvesting, managing capital gains, and utilizing tax-advantaged accounts, we aim to minimize taxes on your investment income and enhance your after-tax returns.



  • How often should I review my tax plan?
    Tax planning is an ongoing process. We recommend reviewing your tax plan regularly, especially after significant life events, changes in income, or tax law updates. Our team at Buttonwood Financial Group provides continuous support and monitoring to keep your tax strategy relevant and effective.


  • How can I get started?
    Getting started with Buttonwood Financial Group is easy! Simply reach out to us through our website or give us a call to schedule a consultation. We'll discuss your financial goals, tax situation, and determine how we can best assist you in achieving tax efficiency and financial empowerment.
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Why Tax Strategy Matters

Tax strategy is a fundamental component of your overall financial plan, and its significance extends far beyond the annual tax season. Effective tax planning can have a profound impact on your financial well-being and help you achieve your long-term goals. Here's why tax strategy matters:

why tax strategy matters

  • Maximizing Wealth

    A well-crafted tax strategy allows you to minimize tax liabilities, leaving you with more money to invest, save, or spend on things that matter most to you. By reducing the amount you pay the IRS in taxes, you can increase your overall wealth and build a more secure financial future.

  • Achieving Financial Goals

    Taxes can be one of the most substantial expenses you incur over your lifetime. An efficient tax strategy ensures that you keep more of your hard-earned money, providing additional resources to fund your financial goals. Whether it's saving for a dream vacation, buying a home, or planning for the creation of retirement cash flows, tax planning can help accelerate your progress.

  • Optimizing Retirement Savings

    Tax-efficient retirement planning can significantly impact the growth of your retirement savings. Utilizing tax-advantaged accounts, such as IRAs and 401(k)s, allows you to defer taxes on contributions and potentially enjoy tax-free withdrawals in retirement. Implementing Roth Conversions can remove assets from taxation for the rest of your life – as well as your beneficiaries. Buttonwood Financial Group brings ideas to the table designed to navigate the complexities of retirement accounts and develop strategies to maximize your retirement savings.

  • Minimizing Tax Liabilities

    With ever-changing tax laws, it can be challenging to keep track of deductions, credits, and other tax-saving opportunities. An effective tax strategy helps you identify available tax benefits and credits, ensuring that you only pay what you legally owe while taking advantage of tax breaks.

  • Investment Optimization

    Taxes on investment assets can significantly impact your investment returns. A tax-efficient investment strategy considers the tax consequences of different investment decisions, such as capital gains and dividend distributions. Buttonwood Financial Group, LLC designs investment portfolios that aim to minimize taxes, so you keep more of your investment gains.

  • Business Success and Growth

    For business owners, tax planning is essential to managing cash flow and enhancing profitability. By strategizing for deductions, depreciation, and tax credits, you can optimize your business's tax position, freeing up capital for reinvestment and expansion.

  • Estate Planning Considerations

    Tax strategy plays a vital role in estate planning as well. Effective estate tax planning can preserve your wealth for future generations and ensure a smooth transfer of assets with minimal tax implications.

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