Entrepreneurs find success, because they have singular focus. They take an idea and turn it into a full-fledged business. When you are getting started, your energy is devoted to building – planning for your eventual exit is the last thing on your mind. However, the sooner you start thinking about succession planning, the more likely […]
Accountants and tax preparation professionals are an important asset to your financial team. They ensure that your returns are completed accurately and filed on-time. However, during the busy tax season, they are limited in how much time they can spend exploring less common tax deductions and credits. This is where your Certified Tax Coach comes […]
Even the most savvy investors and tax experts often avoid the topic of cost segregation. It’s complicated, and a careful reading of tax code doesn’t do much to clear things up. Most IRS-approved applications of cost segregation were developed through individual rulings, rather than written into tax regulations, making it a challenge to get a […]
Real estate investment is one of the most effective methods of building wealth, but it only works when you can keep your tax liability under control. Fortunately, owning property gives you a variety of strategies for reducing your tax bill. Our new release, The Great Tax Escape, includes tips and tricks from experts like Certified […]
Entrepreneurs have a long list of special opportunities to save on taxes. However, your eligibility for some tax breaks depends on the decisions you make as you are planning and launching your business. One of the most critical choices is which business entity you will operate under. Our new release, The Great Tax Escape, walks […]
One of the biggest benefits of being an entrepreneur is working whenever and wherever you like. If your small business is based out of your home, you can take advantage of significant tax savings. Of course, the tax maze is always complicated, and it gets even more difficult when you combine business and personal expenses.
Managing expenses to reduce your tax liability is a critical component of your comprehensive tax minimization strategy. However, this isn’t the only options for getting through the tax maze with your wealth intact. If you are truly committed to keeping your taxes low, it is time to explore tax-deferred and tax-free income opportunities.
The sad truth is that 50 percent of new businesses fail in their first year, and many of the rest only hang on for another year or two. After pouring your heart and soul into achieving your goals, it is a tragedy when finances force you to close your doors. Certified Tax Coach and Certified Mastery Profit First Professional Randy Owens knows the secret to surviving and thriving in your first few years, and he shared the details in his new release, The Great Tax Escape.
Maneuvering the Tax Maze without Losing Your Wealth Completing your tax returns is always a chore, and there is no upside when you have to pay a hefty bill. Fortunately, there are plenty of ways to ease your journey through the tax maze – and you can even look forward to lower tax liability when […]
Many business owners, particularly during the start up phase, spent countless hours establishing the business, ensuring its viability, market testing, and setting pricing. While its certainly an exciting time for a new entrepreneur, most businesses aren’t yet producing enough cash flow to compensate the owner for this development time put in. If you do a […]