What distinguishes tax planning from tax preparation, and which service do I need?

Tax Preparation in Knoxville involves compiling and filing tax returns based on historical financial data. In contrast, tax planning involves devising strategies to minimize tax liabilities and optimize financial outcomes in the future. If you require assistance with filing taxes for the current year, Tax Preparation in Knoxville services are ideal. However, for strategic long-term tax efficiency and planning tailored to your financial goals, engaging in Tax Planning in Knoxville services would be beneficial.