Tax Planning Columbus
Ohio

Save on taxes. Build a bigger legacy.

The HFG team combines our CFP® practitioners’ experience with your CPA or Accountant’s expertise to ensure tax efficiency in all aspects of your financial journey. We work proactively with your Accountant to review your tax returns, identify opportunities for tax savings, and offer recommendations for how our plan will affect you now and help you save money in the future.

Our tax-smart approach can help with
year-round tax planning

We use 3 primary strategies in your portfolio to help reduce your potential tax liability. If and when we deploy each of these strategies may vary depending upon your specific financial situation, as well as the state of the broad markets at any given time

Tax-loss harvesting

We will monitor your portfolio throughout the entire year and identify opportunities to take a tax loss on certain investments in order to offset other investments which may have produced a taxable gain. This approach saves you from paying unnecessary taxes.

Manage capital gains

When the need arises to sell investments in your account, generally speaking we will look first to sell those investments you’ve held longer term because they may be eligible for Long-Term Capital Gains treatment, which has more favorable tax rates than Ordinary Income tax treatment.

Tax-Efficient Withdrawals

Before any withdrawals are made within your portfolio, we will first screen the transaction(s) to ensure they are the smartest option from a tax standpoint. If withdrawals are planned, we’ll make sure you have sufficient cash in your portfolio. If we have to sell investments to create cash for your withdrawal, we will strategically choose which investments to sell for tax efficiency.

What are the changes to the 2023 tax code and how do they impact me?

With record inflation not seen for decades, federal income tax brackets and standard deductions will be higher in 2023 based on an IRS announcement. This will help all Americans who are trying to adjust to 40-year highs in many industries including housing, gas, and groceries.

Investments

Understanding tax advantages or consequences related to investment decisions

Retirement

Maximize tax savings within your retirement plan

Planning for
Tax Efficiency

Financial planning and tax efficiency go hand-in-hand. Whether you’re looking to properly save for retirement, help improve your income tax situation or want help with your business taxes – we can create a customized plan for you.

What Our Harding Financial Group
Clients Are Saying

    
 
 
         Stephanie Fowler 
 
 
 
  We have been working with Michael Holly with HFG for several months now. He has been very patient with us, and has taken the time to make sure we feel comfortable and understand all unfamiliar financial circumstances. He is extremely thorough during our meetings, as well as having a well rounded plan to present all options. He is someone we feel comfortable calling and asking questions to and feel secure knowing he has our best interests at hand.
  
 
        Ann Smerles 
 
 
 
  HFG has been a great help as I
approach retirement. Michael listens to my goals and diligently works to provide an excellent outcome. He explains his plan, asks for my opinion, and clearly answers my  questions.
  
 
        Al Jenkins 
 
 
 
  Carefully listen to your needs and develop a customized plan to suit those needs.
  
 
        Paul Atwell 
 
 
 
  Since retiring in 2008, Harding Financial has handled our accounts.  Currently, they are also involved with our adult children’s accounts.  Not only do they have our complete trust, but the comprehensive outlook towards capital retention and the estate is wonderful.  Michael Harding is an amazing professional. He is highly accredited, knowledgable and thorough. The regular market letters, and quarterly in person reviews keep us up to date.

We highly recommend Harding Financial.
  
 
        Eric Atwell 
 
 
 
  I am incredibly fortunate to have found such a professional and trustworthy financial advisor. Their deep understanding of the market has truly made a remarkable difference in managing my finances.
From the very beginning, their expertise and guidance instilled a sense of confidence in me. They took the time to thoroughly analyze my financial situation and patiently explained various strategies tailored to my goals. This personalized approach was both refreshing and reassuring.

What sets them apart is their unwavering commitment to transparency and honesty. I have complete faith in their recommendations, knowing that they always have my best interests at heart. They've not only helped me navigate complex financial decisions but have also provided invaluable insights that have led to tangible results.

Their ability to stay current with market trends and adapt strategies accordingly is truly impressive. I've witnessed firsthand how their deep understanding of the market has translated into positive outcomes for my investments.
In a world where financial matters can be overwhelming, having a financial advisor like Harding Financial Group has been a game-changer for me. I wholeheartedly recommend their services to anyone seeking expert guidance, exceptional professionalism, and a partner who genuinely cares about their clients' financial well-being.
  
 
        Michael Kappas 
 
 
 
  My  involvement with the Harding Financial Group has been a great experience!
I believe that Michael and his staff are very professional and do everything possible to make their clients comfortable and secure!
I have the upmost confidence in their abilities and their knowledge of the markets that affect our financial investments!
I have referred family and friends to the Harding Financial Group!
I’m very pleased to be part of this great organization!
  
 
        Lisa Collins 
 
 
 
  I can’t say enough about how happy I am with Harding Financial Services and have been very pleased with the services they provide! I have been with them for 15 years and Mike and his team are the best!  Never once have I worried about where he directs my monies.  So if you are looking for a highly qualified professional team they will work on what needs best fit you in younger years or retirement years!
  
 
        Heidi Steinbrenner 
 
 
 
  I switched from a large financial firm to Harding Financial Group about a year ago.  I am very pleased with the special attention and advice they give to my personal financial needs as I head into retirement.  They are very through and knowledgeable on giving me advise that is best for me. I could not be more confident with Harding Financial handling my finances and highly recommend them to others.
  
 
        Nicholas Martin 
 
 
 
  Harding Financial Group Experience:

My wife and I were referred to Harding Financial Group by an existing client of theirs. In our initial meeting with Mike Harding and Michael Holly we expressed our long term goals. Not only for retirement but for large purchases such as a new car and a future home. They assisted us in developing a strategy of savings and budgeting to acquire the car we wanted, save for our future home while continuing to grow our retirement portfolio. The Harding Financial Group not only guides their customers to a happy retirement, but a happy journey to retirement.

Schedule An Appointment
With Harding Financial
Group

Get a one-on-one consultation

Get a one-one consultation with our tax advisors to begin the conversation about your tax goals, needs, and current financial situation.

See our Frequently Asked Questions below for commonly asked questions about Retirement Planning.

CALL (614) 515-4722

Frequently Asked Questions

Q. What is the difference between ordinary income and capital gains?

Ordinary income includes earned income (such as wages and tips) as well as interest income (think anything that pays you interest). Capital gains arise when you sell a capital asset such as a stock, bond, real estate property, car collectible or art for more than its purchase price. If the holding period of the sold asset is longer than 1 year, the capital gain is more favorable from a tax perspective than ordinary income in most cases.

Q. What are some of the common tax credits I should be aware of?

Child Tax Credit – Child Tax Credits can be claimed for each child with a Social Security number, that is legally allowed to be employed in the U.S. and qualifies under the IRS rules.
Learn more about Child Tax Credits on IRS.gov.
Child & Dependent Care Credit – You may be able to claim this credit if you paid expenses for the care of a qualifying individual to enable you (and your spouse, if filing a joint return) to work or actively look for work.
Learn more about Child & Dependent Care Tax Credits on IRS.gov.
Adoption Credit – Adoption tax benefits are two-fold:
1. Qualified adoption expense tax credit paid to adopt an eligible child
2. An exclusion of income for employer-provided adoption assistance.
Learn more about Adoption Credits on IRS.gov.
American Opportunity & Lifetime Learning Tax Credits – If you, or a dependent you claim, are enrolled in an eligible educational institution, you may qualify for one, or both, of the education tax credits.
Learn more about Education Tax Credits on IRS.gov.

Q. What states don't have income tax?

In 2022, there are 9 states that do not tax “earned income”, however there may be tax on other forms of income. Those 9 states are as follows:

Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming

Tax Planning Columbus Ohio