Are you confident you’re taking advantage of every available break?
Is your tax advisor giving you proactive advice to save on taxes?
If you’re like most business owners, your answers are “no,” “no,” and “huh?”
And if that’s the case, I’ve got bad news and I’ve got good news.
The bad news is, you’re right. You do pay too much tax – maybe thousands more per year than the law requires.
You’re almost certainly not taking advantage of every tax break you can. Our tax code is thousands of pages long, with tens of thousands of pages of regulations. There are thousands more pages of IRS guidance, along with volumes of court cases interpreting all those laws, regulations, and guidance. The sad reality is, there’s probably no one alive taking advantage of every tax break they’re entitled to, simply because there are so many of them out there.
And most tax advisors aren’t very proactive when it comes to saving their clients money. They put the “right” numbers in the “right” boxes on the “right forms,” and getting them filed by the “right” deadlines. But then they call it a day. They do a fine job recording the history you give them. But wouldn’t you prefer someone to help you write history?
The good news is, you don’t have to feel that way. You just need a better plan. And you’ve already taken a giant step in that direction, whether you realize it or not. Owning your own business is the biggest tax shelter left in America. Now you just need to take advantage of what you already have!
In this blog series, we’re going to talk about some of the biggest mistakes that business owners make when it comes to their taxes. Then we’re going to talk about how you can solve those problems – legally and ethically.
I’m not here to make you an expert on taxes. Albert Einstein once said “the hardest thing in the world to understand is the income tax,” and if taxes were hard for the guy who came up with the theory of relativity, it’s OK if they’re hard for the rest of us.
Are you making the right choices? Or are you, like most business owners and professionals, leaving money on the table and wasting money on taxes you just don’t have to pay?
Supreme Court Justice Oliver Wendell Holmes once called taxes “the price we pay for civilization.” But he never said we have to pay retail!
We are excited to announce that this upcoming 10-part blog series will help you start finding discounts throughout your return and get you on the right track to start winning at the tax game.
Stay tuned for part 1 of 10!
ABOUT PROVIDENT CPA & BUSINESS ADVISORS
Winning the game of chess and being successful in business share something in common: Both require strategic thinking and diligent execution. Provident CPA & Business Advisors serves successful professionals, entrepreneurs, and investors who want to get more out of their business and work less, so they can make a positive impact in their lives and communities. Typically, our clients reduce their taxes by 20 percent or more and create tax-free wealth for life and win the chess game of business. If you want more information, follow us on social media.
To learn more call 1-85-LOWERTAX, or email firstname.lastname@example.org.