Financial Planning

Financial planning consultationLing Qin C.P.A. E.A. PLLC’s clients receive tax advice from experienced professionals who are accessible and committed to providing responsive service. An additional service available to all business and individual clients is our year-end tax planning. We take great pride in performing this service in advance of the year-end which helps our clients minimize their tax liability. In these meetings we discuss: equipment acquisition, employee bonuses, retirement plans, and other areas of importance to improve profitability and minimize tax exposure.

Personal Financial Planning

As experienced practicing professional we will prepare financial guidelines for you and your family in multiple aspects of personal finance. These areas can be  from cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, Tax planning, and estate planning.

As we understand and build out a strategy tailored specifically for you we will begin to understand your goals and how we can best serve them. One of the biggest determining factors of personal financial planning is how the professional helping you takes in consideration all information, advice, and recommendations from you. The entire financial scope is impacted and designed to fit you and your needs, not the needs of the company serving you.

Below are a few of the complex items we handle so you can focus elsewhere:

  • Providing financial security and ensuring that all goals of personal finance are met
  • Finding direction and meaning in one’s financial decisions;
  • Understanding how each financial decision affects other areas of finance; and
  • Adapting to life changes to feel more financially secure.
financial planning goal

Your Financial Goals Are The Priority

A personal and comprehensive financial planning professional will deliver results best suited to you such as:

  • To create the greatest probability that all financial goals  are accomplished by the target date, and
  • To have a frequently-updated sensible plan that is proactive enough to accommodate any major unexpected financial event that could negatively affect the plan, and
  • To make intelligent financial choices along the way whether that is re-investing, become more liquid or staying stable

As you begin to form a relationship with a financial planning professional trust should be established early and often. You must know that your interests are being regarded as the most important factor in the relationship, not the products of the planner. As time goes on, your objective in working with a comprehensive financial planner is to clearly understand what needs to be done to implement the financial plan created for them. It is often said that, the plan to implement your action items hold the most value of what they will provide to you. The financial plan is an industry plan that is technical and more relative to the professional themselves. But the implementation place and much more straight forward and should easily explain your role and expectations.

Financial planning should cover all areas that need to meet and exceed your goals. The scope of planning would usually include the following:

  • Risk Management and Insurance Planning
  • Investment and Planning Issues
  • Retirement Planning
  • Tax Planning
  • Estate Planning
  • Cash Flow and Liability Management
  • Relationship Management
  • Education Planning for kids and the family members

Member of the American Institute of CPA's

Member of the New York State Society of CPA's