Martin Tax & Financial Services opened its doors in 1987. After nearly twenty years in management at H&R Block, Michael L. Martin decided to create his own tax firm so he could provide tax services in the way he felt best served his clients. Early in his career, Mike noticed that many of his tax clients were losing investment gains to taxes. Recognizing the need for pro-active, tax-related investment advice, Mike decided to incorporate investment management services into his business. His vision was to create a firm that would provide professional tax services, year-round at a reasonable cost and to serve as a one-stop shop for clients' financial needs. Not long after opening Martin Tax & Financial Services, Mike achieved his goal of creating a multi-disciplinary professional practice by expanding services offered to include investment management, financial planning, estate planning and insurance services in addition to tax preparation and planning services.
Because of its unique, client-centered approach, MTFS attracts highly skilled, knowledgeable professionals. All staff members espouse the same vision that Mike had when he first established the company over thirty years ago. In 2014, Mike's daughter, Laurie M. Martin, joined the firm. Her years of experience in the law practice brought a new perspective to MTFS. In 2017, Laurie purchased the business from her father and took over all business operations, allowing Mike to customize his own retirement. Without the administrative duties of a business owner, Mike is now free to pursue his passions - helping his clients with their tax and investment needs and teaching new tax law courses for local tax professionals each year. Laurie is a senior financial advisor with the firm and is proud to be reestablishing Martin Tax & Financial Services as a woman-owned business. Her goal, like her father's, is for MTFS to continue providing high quality services and tax-efficient investment advice to all clients, without any barriers to entry, for years to come.
A foundational element of MTFS is our focus on tax efficient planning and investing. While your investment returns are important, your after-tax returns are even more important - especially during retirement. Taxes are inextricably involved in investing. High returns mean nothing if you are paying unnecessary taxes on those earnings. When planning for retirement, you absolutely must consider how much of the income you draw from your investments will go to the government for taxes. Failing to plan for taxes in retirement is a sure fire way to experience a failed financial plan. During your working years, investing without a tax plan in place can push you into a higher tax bracket and force you to liquidate investments just to cover the taxes they generate.
Whether you have an IRA, 401k, annuity or a taxable brokerage account, you need to know how and when your funds will be taxed. Will you be taxed when you take a withdrawal and, if so, how much? Can you be taxed even if you don't take a withdrawal from your account? Is there a way to reduce the impact of taxes on your investments? The answers to these questions are unique to each investor. That is why it is so important to have professionals by your side that can help you efficiently manage your taxes and your investments. Our tax professionals offer tax planning services to help individuals and business owners plan to reduce their overall tax obligations - so you can keep more of what you make. Our financial advisors provide tax-efficient investment advice and planning services to help lessen your tax burden, while increasing your after-tax income - so you can worry less and enjoy more of your free time.