Tucker & Co PC

read moreIn October 2016, O'Dell, Hagan & Company, LLP and Tucker & Company, PC merged to form a new full-service accounting firm: HTSG. This collaboration brings together two firms who have been staples of Springfield's business community for years. Our talented team of Certified Public Accountants and accounting support staff seek to exceed the expectations of our clients by offering high quality, personalized service. By combining our expertise, experience and the team mentality of our staff, we hope to provide each client the close analysis and attention they deserve.

read moreAt HTSG, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. To this end, we provide a wide range of services to individuals and businesses in a variety of industries. At Hagan, Tucker, Schmitt & Gintz, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.

read moreFollowing are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value. Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.

read moreIf you have a large capital gain this year from an investment, it may be advisable to hold onto the investment until next year to put the gain into next year's taxes. You may also want to sell off any investments that you have that are losing value at the moment to claim your losses. The interest gained from state and local bonds is usually exempt from federal income taxes. These investments generally pay back at a lower interest rate than commercial bonds of similar quality. Since Treasury Bonds are similarly exempt from state and local income tax, they can be a particularly good investment for those who are in high tax brackets and live in high-income-tax states.