Why Year-to-Year Tax Planning Fails Families

In this episode of the Connected Advice podcast, host Paul Redmond is joined by George Skelton, tax partner, to explore the pitfalls of short-term tax planning. They discuss why focusing solely on annual tax deadlines often leads to missed opportunities, unnecessary stress, and financial inefficiency for families and business owners. George shares real-life examples of how long-term strategies—like leveraging capital gains allowances, pension contributions, and inheritance exemptions—can create significant tax savings and provide peace of mind. Tune in to learn why connected, forward-thinking advice is essential for building and preserving family wealth across generations.Key Takeaways1. Short-Term Planning Limits Your Options2. You Miss Out on "Use-It-or-Lose-It" Allowances3. "Siloed Advice" Creates Stress and Inefficiency4. Rushed Decisions Lead to Costly Mistakes5. Small, Consistent Actions Build Significant Wealth6. The Alternative: Proactive, Multi-Year "Connected Advice"Effective tax and wealth planning isn't an annual event—it's an ongoing, strategic process. Behind every number is a family decision, and those decisions are best made with time, collaboration, and a long-term perspective. Contact Paul here:LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/Email                                                 [email protected] Find Dan here:LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/ Listen to more episodes here:https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z Find Crunch My Numbers here:YouTube:            https://www.youtube.com/@paulredmond57Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774Spotify:                https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8Web:                    https://redcircle.com/shows/crunch-my-numbers 

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