Saving You Money on Taxes

tax reduction planning

Our clients pay less in taxes by taking advantage of the opportunities included in the US Tax Code. Why do you need a trained tax strategist to reduce the excess taxes you pay every year? Because you are not trained to know the rules and how they apply in your situation. What you need to know is that there are opportunities to reduce taxes and utilizing a professional is the only way to take advantage of all the strategies that are available to you. Do you think that the CEO’s of the major corporations plan their own tax strategies? Of course not. They know that just like any other area of business they need to leverage the skills of others to maximize the opportunities available to them whether it comes to tax planning, sales strategies, technology needs, etc.

Key Steps to Paying Less Tax

  • Recognizing that you may be overpaying your taxes. Some studies have shown that more than 90% of American businesses pay more in tax than is legally requried.
  • Have an independent 3rd party evaluate your past tax filings in order to begin to identify strategies to reduce your taxes.
  • Identify and then implement those strategies that will work for you.
  • Make taxes a year round concern. Why? Because it is. Successful business owners and investors are always thinking about how and what they do and what the tax ramifications are for them.
  • Tax laws are constantly changing. To pay the least amount of tax legally possible, have periodic meetings with your Certified Tax Coach and make sure he or she is keeping current on the tax law changes.
  • Your Proactive Tax Strategy only works if you act. The sooner you and your team put your customized tax plan into action, the sooner you'll put money in your pocket.

How Is Your Proactive Tax Strategy Developed?

  • A review of your past returns. Without understanding what your current tax situation is, it wouldn’t be possible to make informed decisions about future tax strategies.
  • By asking questions about your current situation and where you want to go. What are your dreams and goals.
  • We analyze your information and develop a comprehensive Proactive Tax Strategy. This stage typically takes a few days to a few weeks based upon your situation and identifying the best strategies for your unique situation to research the best possible options for you.
  • Together, we schedule a phone call discuss the projected tax savings and if you want to move forward. Your investment is discussed and the payment options. Note that your plan does not cost you anything. You are making an investment in your future.
  • If you are ready to move forward then another meeting or phone call is scheduling to review the details of your plan. Typically, this call lasts about an hour. It’s packed with a lot of information, though, so we'll write up your customized strategy, so you won’t miss a thing!
  • We conduct a follow-up phone call about two weeks after the initial phone call or meeting to cover the details of the first call again or to go through new questions you’ve uncovered.

What is your investment?

Strategies for individuals and businesses are different because the tax laws, or rules, related to each type of taxpayer are found in different sections of the tax code because the elements of each type of taxpayer’s income and expenses are different. So why does the tax code seem to give all (or at least most) the benefits to businesses? The main reason is that the laws, or rules, are designed to help businesses prosper more quickly, pay less in tax, and reinvest freed up dollars into the economy by creating new jobs and purchasing equipment which leads to a growing economy and higher wages. And of course, businesses pay for (and deduct the cost) for the service of a trained tax reduction strategist to lower their taxes to the least amount possible. Tax rules for individuals, however, are more focused on helping taxpayers provide for their retirement years, which may be years down the road. Therefore, the short-term impact on individual taxes is not the same. However, you do have the same need, and opportunity, to hire professionals to find and implement tax reduction strategies because you can also substantially reduce taxes by making moves before it is too late.

How much tax can I save? For business, a projected annual savings of $10,000 or $20,000 is common. We have been involved in situations where recommendations have reached $200,000 in annual tax savings. For individuals such significant short-term savings from tax planning just isn’t possible. (However, I have done amended return for individuals exceeding $50,000) But individual long-term savings can be in the hundreds of thousands. Just to provide some context, let’s say you invested $3,000 in a tax plan. And that tax plan is projected to save you $200,000 over the next 30 years. That is equivalent to more than a 15% compounded annual rate of return with virtually no risk because it is not likely that taxes will stay the same or decrease. Additionally, there is no market risk such as in a stock investment. So, look at the chart below and see what the investment would be for you.


For a W2 Only Person/Family For a Person/Family and a Business A Business Only
An initial cash projection (an analysis of how long your assets will last (up to age 100) based upon factors such as your current budget, projected inflation rates, Social Security benefits and pensions.) $350 $350 $0
Individual strategies (<$1,500,000 in total non-business assets) $850 $450 $0
Individual strategies ($1,500,000 - $3,000,000 in total non-business assets) $1,600 $1,400 $0
Individual strategies (>$3,000,000 in total non-business assets) $2,500 $2,800 $0
Business strategies 0 32% of 1st year tax savings 32% of 1st year tax savings
Maintenance fees $40/month $85/month $75/month

*Third party fees not included

The individual category excludes Schedules C, E, and/or F filed with form 1040.

Businesses include Schedules C, E, and/or F and forms 1120S, 1120, and 1065.

If you want the maintenance package the fee is payable for a minimum of 6 months starting at the beginning of the 7th month after implementation of your plan. It includes a tax planning meeting every 6 months, responses to the IRS/state for routine matters, and unlimited phone calls for general matters.

New clients

As most of you are aware I do an analysis of the past 3 business and/or personal tax returns for prospective clients. The purpose of the reviews is two-fold. First is to determine if there are any overpaid taxes that can be recovered due to math errors, oversights, or misapplication of tax rules. Second is to begin to identify potential tax reduction strategies. The fee is as follows:

Amended Return Preparation Fee:
This fee is 25% of the expected refund from all federal and/or state filings, excluding potential payments to you of penalties and interest. State returns that request a refund generally cannot be filed until after a federal refund is received. The total fee is due regardless of who files the returns. (For example, you might want your past preparer to absorb the cost of the filing). Unique circumstances may require alternative pricing.

Guarantee of satisfaction:
You have 30 days from completion of implementation to request your money back. This is exclusive of fees for amended return(s) or the cash analysis.

Payment terms:
If your total investment in my services is less than $5,000 (exclusive of any 3rd party costs) then 50% of the balance is due immediately and the balance in 60 days. If your total investment in my services is $5,000 or greater (exclusive of any 3rd party costs) but less than $10,000 (exclusive of any 3rd party costs) $2,500 is due immediately, 40% of the original balance is due in 60 days and the remaining balance is due in 45 days after that. If your total investment is greater than $10,000 (exclusive of any 3rd party costs) then $2,500 is due immediately, 40% of the original balance is due in 60 days and the balance is due 60 days after that.