Taxes are the single most costly and worrisome financial obligation that taxpayers must endure during their lifetime. It is estimated that out of the annual revenue generated by the average taxpayer to pay living and other expenses, it takes the sum of all earnings from January 1st through April 15th of each year to meet a taxpayer’s annual tax liability without factoring in any consideration for living expenses. As taxpayers, you work only to pay your taxes for the entire first quarter of each year before generating income for yourself and your family.
Congress expects taxpayers to understand and interpret the tax code and have the wherewithal to apply available credits and deductions afforded to them under the tax laws to minimize exposure to excessive taxation. To minimize your tax liability and pay only your fair share, you must use all available tax resources, credits, and deductions permissible in tax law. However, tax law in many areas of business can be unsettled and you will need a tax professional to assist you in generating substantial authority using case law and other precedence-setting means if you find yourself venturing into unknown territory.
The purpose of this e-book is to introduce legal and ethical tax planning strategies that when implemented will allow you to keep more of your hard-earned money.
The tax strategies contained in this e-book are just the tip of the iceberg. You only need to select those that fit your business and learn to incorporate them into your overall tax planning. If you think you might be missing out on tax planning opportunities that could be costing you thousands of dollars each year, we will arrange an introductory tax strategy meeting to get to know your business and determine if any of the strategies outlined in the e-book will work for you. We’ll review your business entity structure and accounting system to ensure you’re maximizing profits and cash flow and minimizing taxes and waste.
You should have a business interest or plan to have an interest in a business to be able to take advantage of the information in this book.