If you’re like many Americans, taxes are one of your single largest expenses.  Cutting your tax bill can mean big changes and opportunities in your future.  Can you imagine what you would do with an extra 5, 10 or even 15 thousand more dollars per year?  Or More?   Those kind of savings are very possible when you implement proactive tax planning strategies.

Keys to paying less income taxes

Tax laws aren’t fair. They’re written to favor people who make money a certain way — through businesses and investments, and real estate investments.  It’s not how much you make that determines how much tax you’ll pay — it’s how you make it.  Earned income (i.e. wages and salaries) is the highest taxed income there is.

The best way to pay less tax is to do what the government wants you to do.  Why try to fight the IRS when it’s so easy to just follow the rules, make more money, pay less tax and still sleep at night?

A Proactive Tax Strategy only works if you develop a custom plan for your own circumstances.  Bill Gates’ tax strategy won’t help the local plumber.

Tax laws are constantly changing.  To pay the least amount of tax legally possible, have frequent meetings with your tax strategist and make sure he or she is keeping current on the tax law changes.

A Proactive Tax Strategy only works if you act.  The faster you and your team put the dozens of ideas you’ll receive into action, the sooner you’ll put money in your pocket.

There are many tax savings strategies and tactics at our disposal.  Here’s just a sampling of some of the Tax Savings Strategies we use…

• Split income among family members or legal entities to get more taxable income in a lower bracket
• Shifting income or expenses from one year to another to have them taxed at a lower rate
• Deferring tax liabilities through the appropriate qualified retirement plan for your situation
• Using tax-favored savings vehicles to produce tax-free growth and tax free retirement income
• Turn all medical expenses into tax deductions without having to exceed the 10% income hurdle
• Using multiple business entities (sole proprietorships, partnerships, S-Corporations and C-Corporations) to take advantage of the best features of each type of entity and avoid the worst features of each type of entity.

How a proactive tax strategy benefits you

The benefits you’ll get from your personalized tax strategy will come to you in many ways:

• you will take control of when and how much you pay in taxes
• you will create a road map to building wealth and achieving your dreams through tax advantages the wealthy use
• you will set up your business in the best way to slash taxes and protect your assets
• you will legally lower your taxes in ethical ways so you sleep at night and not worry about the risks of an audit
• you will enjoy peace of mind knowing you have an expert team of advisers supporting you

Remember – we work for you, not the IRS!  Many of our clients save many times our fee in reduced tax liability through careful planning and legitimate tax strategies.

Get Your Proactive Tax Strategy

Here’s what you can expect with your Proactive Tax Strategy:

You start with brief interview with your CPA tax coach.  We want to hear about where you are now, and where you want to be.  We’ll ask a few easy questions about your current situation and from that determine the best Proactive Tax Strategy program for you.

You’ll complete a brief tax questionnaire.  You’ll outline your financial, business and investment goals and about where your money currently goes.   We will need copies of your past tax return and a little information on each business entity (S-corporation, LLC, Partnership, etc.) that you currently have set up. The more information you give us, the better job we’ll be able to do for you.

We will then analyze your information and develop a comprehensive Proactive Tax Strategy, customized for your unique situation.  This stage typically takes about two weeks, so there’s plenty of time to research the best possible options for you.  (This is the stage where the cool things happen!)

Together, we then schedule a “strategy session” meeting or phone call to review the details of your plan and to get your feedback.  Typically this lasts about an hour.  It’s so packed with information, though, that we provide you with a write up your customized tax strategy so you won’t miss a thing.

About two weeks after the strategy session meeting/call, we conduct a follow-up phone call to cover the details of the strategy session to review our findings and answer any questions you may have.  We will then let you know what next steps are available to you to complete and implement your tax plan.