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Tax Strategy Sessions: What You Need to Know

By April 8, 2021No Comments

“What is a Tax Strategy Session?” So many people ask us every single day.

A Tax Strategy Session is Not a Sales Call

During our strategy session, we will develop a map of your financial life. We go back to see if the

re are any missed deductions in returns up to three years old. So many people have no clue about the 475 deductions afforded to home-based business owners. We can go back through and find ways to get some of your hard-earned money back through legal tax loopholes.


Getting the Most Out of Your Session with OTB Tax

To get the most out of our Tax Strategy Session, bring any accounting software you use, along with your tax returns, P&L (profit and loss) statement, and balance sheets. By looking at this information, we can see more clearly where we can save you more money in taxes. Not sure what a balance sheet is? We can help you out with that on the call!


Business Strategy Matters Too!

Once we go over your deductions, the next step in a Tax Strategy Session is to look at the structure of your business. We’ll look at how your business is registered, to see whether you are licensed correctly to save yourself the most hard-earned money possible. When we know you are working within the right structure, we move on to your payroll. Even if you are a one-person business, you still need to process payroll for yourself! Have questions about this? A tax strategy session is a perfect place to get those questioned answered.


We Help You Go Next-Level in Your Business

Next up, higher-level strategies. This is when we start asking a lot more questions in order to get you thinking about the best ways to take your business to the next level. We talk about things like health insurance, medical bills, and one of my personal favorites – hiring your children! The goal of this is to help you get the most deductions possible.


Did You Know: Tax Strategy Sessions Are Included in All Tax Returns!

Our goal in a Tax Strategy Session is to help you get ahead of your finances before it comes time to file your tax return- with OTB Tax or anyone else! That is why we require that all of our tax preparation clients have a complimentary tax strategy session before we ever file. This way, we can save you more money so that you can live more, and ultimately give more of that hard-earned money that you have saved legally, ethically, and morally.

Want to book your Tax Strategy Session with us? Click here to get started!

Here’s to a more relaxing and less taxing life!