Dear Fellow Business Owner:
Here’s what this is all about. My name is Carl Hanton, EA. I have observed for the last 25 plus years, that every year, without exception, small business owners like you overpay taxes. But believe it or not, some small business owners pay a whole lot less in taxes than others…even on the very same income. Why? Because all accountants, CPA’s, and tax preparers are NOT the same. Most accountants and CPA’s do a fine job of filing tax returns, getting the right numbers in the right boxes on the right forms. But then they call it a day. the real secret to managing taxes is planning. Most accountants and CPA’s are so overworked, understaffed and generally overwhelmed during tax season that they’re fighting against the clock every year, just to get all their clients’ returns prepared…let alone spend the extra time needed to really dig out hidden opportunities and loopholes that are critical to help their clients pay less in taxes.
When was the last time your tax preparer came to you and said
“here’s an idea I think will save you money”?
Most accountants take a reactive approach with small business owners on saving money on their taxes. And, it’s that reactive approach that can cause you to overpay…sometimes significantly on your taxes…sometimes for years. I mean, how would you ever know? Really. Most small business owners are just happy to get their taxes done on time and, hopefully, accurately enough that red flags aren’t sent up for the IRS.
Would you like to know what I discovered?
When small business owners come to me, I re-examine their past three years of tax returns, and more often than not, I find lots of mistakes, missed deductions, overpayments and “red flags” that attract audits, all made by ordinary accountants who do not intimately and completely understand YOUR business. At the end of the day, that means money out of your pocket. Money you could put away for your children’s education…money you could use to take fun or leisure trips with your family…money you could put away for your financial nest egg so you can retire sooner…money you could use for a new house…a new car…hobbies that you enjoy…money that gives you that financial security and lifestyle you deserve. You work hard. Government shouldn’t be paid a single penny more than what it is legally entitled to.