Do You Qualify for Advanced Tax Planning?
Please only book an introduction call directly if you are planning to owe more than $100,000 in taxes for 2022. If you are not or unsure, please fill out the new prospect application!
There is usually a break even point for when it makes more sense for clients to implement advanced strategies. Typically savings and net benefits for our clients are around combined family income of $500,000 or $100,000 in taxes due.
There is basic tax planning available still for those who may not fall in this category.
Typical client owes over $100,000 in taxes.
I will be upfront not to waste your time or ours. We love assisting ALL clients, but have denied many applicants due to following traits: uncommunicative, disrespectful, impatient to the analysis process, refusal to have their finance foundations in order (aka bookkeeping for business owners).
You need to have your documents gathered and ready to go. Please write down some changes from your last filed tax return to 2022. This will help our projections. We do require bookkeeping to be in place or to get current before we advise any advanced strategies. This is a liability issue we will not take on.
We are not an investment firm that is going to give you HUGE tax savings and tons of cash flow. These are strategies that can simply move tax liability over into a decent long-term income producing asset. Some reduce tax only with deductions. Others are in a shorter-term income producing asset. There are many factors that play into which strategies will best fit your unique scenario.
Frequently Asked Questions
I Need a Quote. Whom Do I Contact?
Please go to the contact page and read directions for booking a direct call or filling out a new client application. We will contact you once that application is accepted.
What is Advanced tax planning?
Advanced Tax Planning is a specialized area of tax planning. The tax code is full of interesting strategies that benefit both investor and economy.
What is your fee structure?
We like to keep this part simple. We charge a small analysis fee upfront. After reviewing initial options with you, you can decide to move forward to begin implementation of 1 or a combination of strategies.
Here are a few packages with typical tax savings (could be more, could be less based on many factors)
- $75,000-$150,000 tax liability due, seeing a typical savings averaging from $45,000- $100,000 taxes saved. (annual fees of $10,000-$25,000 max)
- $150,000-$500,000 tax liability due, seeing a typical savings averaging from $100,000- $300,000 taxes saved. (annual fees of $20,000-$50,000 max)
- Tax liability > $300,000 will receive a customized quote based on how many strategies you choose to combine.
Are You the Right Tax Firm for Me?
We are one of the few firms with 80 specialists across the US that specializes in advanced strategies for clients. We love and enjoy working WITH your CPA and financial planner. We do offer some compliance services if needed, on a limited basis.
How Will I Be Kept Informed about My Case?
Once you pay your deposit, you will need to upload necessary documents we request. We keep in communication for that 2 weeks while we do the analysis. We schedule a review call typically 2 weeks after onboarding. The review call is with me, a business partner, and possible specialists for certain strategies.
How many specialists do you really have access to?
There are over 80 proactive specialists that bring tremendous value to their clients. This team consists of, but not limited to: Tax, Estate, and Business Attorneys, CPAs, Wealth Managers, Financial Planners, Insurance Professionals, Commercial Building Accelerated Depreciation Specialists, Cost Reduction Specialists for Businesses, Business Valuation Specialists, and a Business Advisory Division. Together, they’ve become a resource to provide truly proactive & holistic planning results. They are on an as needed basis. They are also at the top of their respective fields. 21st Century problems need 21st Century Solutions. We would love the opportunity to show you how this works for you.
What is your process?
We try to keep our process as simple as possible on our clients’ end. First, we will have an introduction call to explain our process and strategies involved.
Once you and I determine this is a good fit, we begin onboarding. There will be a small analysis fee for the deposit and tax plan questionnaire to gather all the data.
Our analysis begins with a projection of income and taxes due. We run scenarios side by side to see which best fits your wants and needs.
2 weeks after the analysis begins, we will review scenarios with you. You can decide which one or combo to implement.
Most implementation begins right away after your contract is signed.
I have a guy, why do I want to use a National Specialist?
Again, if you love working with your CPA, that is great! We love working with other professionals. What we do with advanced planning is unique and specific.
Here’s an example: General Practitioners are GREAT and respected and educated. You should be able to trust them to keep you in good health!
We are more like specialists. We come in to assess and give advice on large specialized strategies. We focus PRIMARILY on advanced planning. Your local CPA may not, and that is okay. Compliance is extremely important and that is where majority of firms focus.
Yes, we offer compliance also, but often times our clients do have their trusted CPA and CFP that we work with.
Can I go back to save taxes?
There are certain times where clients can retroactively go back to do some tax planning.
Example: Client owes $350,000 in taxes for 2021. We are doing 2022 tax planning right now at year-end to maximize savings. Once 2023 comes around, we can actually plan for 2023 and possible 2021!
That is the magic of advanced planning. There is a lot of flexibility and options out there.
Who will I work with?
Every client is different and we like to be upfront with the team and set realistic expectations. Most of the time you will be working with Kysondra directly. If you need compliance such as bookkeeping or tax prep, you will work with the head of those departments.
Kysondra does review all work on the compliance side as well. She typically reviews tax returns also with clients. Sometimes that is not doable due to schedule and load during peak season.
We are not an extremely large firm where it will be different every time, rest assured. We like to keep things personable and consistent for you.
Do I qualify for advanced Tax Planning?
Income Levels
There is usually a break even point for when it makes more sense for clients to implement advanced strategies. Typically savings and net benefits for our clients are around combines family income of $500,000 or $100,000 in taxes due.
There is basic tax planning available still for those who may not fall in this category.
Realistic Expectations
We are not an investment firm that is going to give you HUGE tax savings and tons of cash flow. These are strategies that can simply move tax liability over into a decent long-term income producing asset. Some reduce tax only with deductions. Others are in a shorter-term income producing asset. There are many factors that play into which strategies will best fit your unique scenario.
Ducks in a Row
In order for us to help you GREATLY reduce taxes, you have to have all your foundations in place. We only take on clients who have accurate numbers to work with. That may mean proper bookkeeping and tax preparation from a professional. We can assist if this is needed before moving on to tax planning for the year.
Why Choose Us?
Saving Thousands!
Gaining control of your money NOW will provide profit now and for your future!
Expertise
Licensed and trained tax team Enrolled Agents|Certified Tax Coach!
In depth trainings in Tax Strategies!
Accurate
We pride ourselves on complete accuracy and guaranteed satisfaction!
How we can serve you!
Proactive Tax Planning
We provide private practice owners and small business owners with the knowledge and power to get more in taxes or pay less! Proactive planning can save you thousands upfront and in the future. A full written plan and implementation steps will be provided.
Stand out from the rest of the crowd. We hold pride in strategies that create a profitable life for YOU, while everyone else keeps unknowingly paying more to the IRS.
Tax Preparation
Never worry again about tax time! We make this a quick and painless process. We will review prior year tax returns for any mistakes from prior filings. We do not just prepare a return and send you on your way until next time. You will walk away having a better understanding of your numbers in order to plan accordingly. That may be on your own or with the help of our expert enrolled agents. Our strategic tax planning is added on when necessary!
Business Returns: 1120, 1120S, 1065, K-1
Personal Returns: 1040 and applicable schedules