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Individual Taxation

Individual Taxation Expertise for High-Net-Worth Individuals and Business Owners

At Wong & Shao CPAs, we specialize in navigating complex tax scenarios for high-net-worth individuals and business owners. Our clients come to us seeking strategic solutions to minimize their tax liabilities, aligned with their sophisticated financial and retirement goals. We ensure compliance with evolving tax laws, including the intricacies introduced by The Tax Cuts and Jobs Act of 2017.

Tailored Tax Planning and Preparation

Preparing your own income tax return can be daunting and often leaves many unanswered questions. Rest assured, our tax professionals provide expert preparation services, ensuring your returns are accurate and timely. We pride ourselves on our close relationships with our clients, allowing us to fully understand and adapt to your unique financial needs and goals. Whether changes occur in your business or personal life, we are here to adjust your tax planning strategies accordingly, ensuring optimal outcomes.

Comprehensive Tax Services

We offer a full suite of tax services tailored to the needs of affluent individuals and entrepreneurs:

  • Business Income: Expert handling of all forms of business income to optimize tax outcomes.

  • Rental Properties: Strategic tax planning and reporting for property investors.

  • Investment Income: Guidance on tax implications for diverse investment portfolios.

  • Tax Credits: Maximizing available tax credits to reduce liabilities.

  • Foreign Income and FBAR: Navigating the complexities of foreign income and compliance with Foreign Bank and Financial Accounts Reporting.

  • Multi-State Income Reporting: Expert advice on state-specific tax obligations for clients with interests across multiple states.

  • Capital Gains Strategies: Advising on the timing of asset sales and other strategies to minimize capital gains taxes.

  • Retirement Planning: Providing tax planning strategies around retirement contributions, distributions, and rollovers to maximize tax advantages.

  • Risk Management: Advising on tax implications of various insurance products and investment choices to manage and protect wealth.

  • Executive Compensation: Assisting with tax strategies related to stock options, deferred compensation, and other executive benefits.


At Wong & Shao CPAs, our goal is to provide exceptional tax services that not only meet but anticipate the needs of our clients, ensuring financial success and peace of mind.

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