Who Needs Tax Planning?
For most Americans, taxes are our single biggest expense and if you fall into one of these three groups; own a business, are real estate investors or manage investments; it makes sense to focus in the area where you spend the most. To minimize your taxes, you need a plan. You need concepts and strategies that leave more on your bottom line, without raising “red flags” or straying into “gray areas.”
It’s How You Make Your Money
If you remember in the last election, much to-do was made of the fact that billionaire, Warren Buffet’s percentage of tax was less than half of his secretary’s taxes rate with her $60,000 a year salary. So how can this be? Mr. Buffet’s secretary is an employee and has very limited strategies that can be used to lower her income and social security taxes. On the other hand, Warren Buffet demonstrates that owning a business and taking advantage of every available tax reduction strategy is the best way to build wealth.
Here’s How to Beat the IRS. Legally!
Most businesses are sole owners or husband & wife teams who normally meet with their accountant at “tax time”. It doesn’t matter how good your accountant is with a stack of receipts on April 15. If you haven’t planned right, by April 15 it’s just too late. Rather than wasting money by overpaying taxes, take advantage of a proactive plan full of court-tested, IRS-approved strategies for minimizing your taxes.