Most tax outcomes are shaped long before a transaction occurs. They reflect years of decisions about structure, ownership, timing, and the way a client’s business and investments interact.
Many of these decisions happen between transactions and outside the moments when advisors are typically involved. The Tax Planning Program exists to address that gap.
The program provides year-round, bespoke, comprehensive tax planning aimed at identifying opportunities before they are lost. It gives clients the comfort of knowing their planning is implemented and coordinated with a level of service designed to withstand scrutiny.
Planning Across Multiple Dimensions
Entrepreneurs with complexity do not operate within a single tax framework. Their structures often include operating companies, investment partnerships, trusts, compensation arrangements, and real estate holdings. A decision in one area can alter tax results in another.
The Tax Planning Program brings these moving pieces together. Through semi-annual planning meetings and additional touchpoints throughout the year, Covello Tax Law gains familiarity with a client’s full financial picture. This allows for judgment-based planning informed by evolving facts rather than outdated assumptions.
Members benefit from planning that is proactive rather than episodic, which is critical for identifying opportunities that arise from ownership changes, new investments, or shifts in participation levels.
How Decisions Compound Over Time
Many impactful tax outcomes are the product of accumulated decisions: the order in which entities were created, how equity changed hands, the roles assigned within family entities, trustee appointments, or the timing of income and deductions.
None of these decisions are isolated events. Together, they shape the tax framework a client carries into a transaction or planning moment.
This reflects Covello Tax Law’s broader view that exit planning is not a checklist. It is the design of how legal structure, tax rules, and economic goals fit together. Ongoing planning identifies where structure supports those goals and where adjustments may be warranted, even years before a major transaction.
Planning Built For Real-World Complexity
Members of the Tax Planning Program receive year-round, bespoke ideas focused on reducing their effective tax rate. The program includes:
• Semi-annual tax planning meetings
• Additional touchpoints as opportunities arise
• Ongoing, bespoke planning ideas
• Basic implementation of strategies at no additional charge
• Review of strategies proposed by third parties
• Coordination with the client’s CPA, wealth advisor, family office, and legal team
• Annual scorecards that measure qualitative and quantitative impact
This structure ensures that planning is implemented, monitored, and coordinated rather than left to chance. It also provides the white-glove service level expected from a subscription-based model designed to promote close contact without the constraints of hourly billing.
Value Even When A Transaction Is Near
A significant portion of Covello Tax Law’s clients begin planning with a transaction already underway. The program remains valuable in these situations. Many strategies are still available when structure is analyzed with precision, and certain decisions can still influence characterization, timing, or allocation.
Ongoing planning simply expands the number of opportunities available by identifying issues early. But it does not exclude clients who join later. Planning can still address strategic considerations after a deal closes, particularly with respect to proceeds and longer-term structure.
The program is most effective for entrepreneurs with varied business and investment activities and either income of at least $1 million per year or control of assets valued at $30 million or more.
Moving Forward
If your financial life includes multiple businesses, investments, or trust structures that evolve throughout the year, the Tax Planning Program provides a disciplined way to apply expert judgment, coordinate advisors, and identify opportunities supported by a comprehensive understanding of your real-world facts.
