TAX STRATEGY SESSION
A Tax strategy session is where we take your documents, your prior tax returns, and your situation to develop a map.
This map will help us find you everything humanly possible to save you as much money as we possibly can – legally, morally and ethically. As taxes can take up as much as 50% of your income, tax planning is one of the most important investments you can make. What you don’t know is costing you thousands of dollars a year or more!
WHAT WILL BE COVERED IN YOUR TAX STRATEGY SESSION:
We will go backwards in time looking at your prior tax returns to make sure that everything that you had in deductions was actually written off.
Typically 8 out of 10 businesses we connect with are not structured properly and that is causing them to overpay in taxes. We will explain the difference between business structures and how much money these changes can possibly save you.
Not running your payroll properly may create missing deductions that are not showing up in your books. We will make sure you are set up properly and also check for other tax traps like overpaying yourself in a paycheck. We have found that most self-employed people, even when using a good accountant, overpay on average $7,000+ per year in taxes for every $100,000 in sales.
Higher Level Strategies
Here is where we will cover things that you may not be doing at the moment but could potentially save you additional money in tax savings. These topics include insurance, paying for medical bills, hiring your children or spouse, and much more.
“Just this week I was able to find a client $244,000 worth of expenses that their accountant did not list.”
– Courtney Epps
WHAT WILL YOU NEED FOR YOUR STRATEGY SESSION:
Although not required, to make your session more productive, it’s very beneficial to have ready:
Copy of your prior tax returns, P&L and balance sheet
The goal of the Tax Strategy Session is not only to find ways to help you save money in taxes. On this session, we will go backwards in time to make sure we are tracking deductions, that you are setup properly as far as structure and then moving forward what can we do to help you keep more of your hard earned money.