Tax Planning vs. Financial Wellbeing, with Chris Smith, CB Smith & Associates
Chris Smith: Tax planning isn’t the end all be all. Improving your wealth is the end all be all. And so we’re not going to implement or suggest a tax solution. That isn’t necessarily in line with improving our clients overall financial well being. And and so that’s, it’s always secondary to financial well being.
But it’s a very important piece. We’re in a segment, we’re not, we’re not a large national firm, so we don’t have a lot of clients that are publicly traded or anything like that. Our clients don’t have investors to impress. They gotta impress the bank every once in a while, but but, so our focus is going to be on tax planning.
Chris Smith: It’s a heavy part of our relationships with our clients. And that’s, that is the business we’re in, by the way, is the relationship business. We may be accountants, but that’s what it is. And and so we’re going to work with our clients to ensure that their financial wellbeing is in place and they’re doing it as a tax efficient manner as possible.
Listen to Chris’s full ProfitSense with Bill McDermott interview here.
Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.