Best tax advisors for high-net-worth individuals in 2024 in the USA

As it can be seen below, there are numerous choices for high-net-worth individuals looking for tax advisory services in 2024 based on knowledge and credibility. Here are some recommended avenues:

1. Big Four Accounting Firms 

The large international audit firms of Deloitte, PwC, EY, and KPMG are well-resourced and known to have special focus/areas of specialization in contentious tax issues involving HNW individuals. They offer unique social services that are inclusive of tax advisory services, tax compliance, and wealth conservation strategies. 

2. Specialized CPA Firms

Most smaller CPA firms may have a niche that is majorly composed of affluent clients. Such firms mostly operate on a one-on-one basis and they can bring out unique tax strategies that can blend with an individual’s financial straits. One should also consider working with CPAs, especially with expertise in estate planning, investment income, or business ownership structure. 

3. Independent Financial Advisors

Another type of independent financial advisor exists that mainly focuses on tax planning for their high net worth clients. They can offer solutions for the management of wealth and determination of taxes included in a large scenario of financial planning needs. 

4. Recommendations from Peers

Since Reddit is a platform with numerous communities, and there are subreddits focusing on specialized financial forums, going there will get personal recommendations from tax advisors who effectively helped others within the same context financially. Another common advice that the users give pertains to searching for a good CPA who has a good reputation in dealing with high-income tax strategies. [1][2]. 

5. Online Resources and Reviews

Social media forums such as Bogleheads or other financial planning-related websites can give details on some of the best advisors for high-net-worth clients. However, one must not forget to check their genuineness and their previous clients’ feedback before choosing one[3]. 

Key Considerations 

 - Experience with High-Net-Worth Taxation: Make certain that the advisor has had previous experience working with all the factors that relate to high income, investments, and estate. 

 - Proactive Planning: Seek out people with first-class references who have an orientation on planning taxes rather than in year-end planning. Such includes measures such as the opening of retirement saving plans or relying on tax-advantaged investments[1][4]. 

 - Personal Fit: The position of a client and his advisor is critical; make sure your advisor knows a lot about your particular case. 

                               Choosing a competent tax professional helps in determining your fate in taxes, especially for the young wealthy persons facing complex tax regimes in 2024.

Citations: comments on Best tax advisors for high-net-worth individuals in 2024 in the USA

• [1] https://www.reddit.com/r/tax/comments/18kqq8m/need_help_with_high_income_tax_strategies/
• [2] https://www.reddit.com/r/taxpros/comments/yeargo/discussion_regarding_creative_tax_strategies_is/
• [3] https://www.reddit.com/r/Bogleheads/comments/1b3e0d2/high_income_what_else_can_i_do_to_maximize_tax/
• [4] https://www.reddit.com/r/personalfinance/comments/2wb4f1/taxes_done_by_an_accountant_vs_hr_blockjackson/
• [5] https://www.reddit.com/r/Accounting/comments/cf4316/im_a_partner_at_big_4_individual_high_networth/
• [6] https://www.reddit.com/r/AdvancedTaxStrategies/
• [7] https://www.reddit.com/r/tax/comments/1956kej/who_creates_tax_strategies_for_hnw_attorney_or/
• [8] https://www.reddit.com/r/Accounting/comments/10c9tom/how_much_do_tax_accounts_who_do_taxes_for_the/