We are more than a tax firm because taxes are only a part of what we do.
When I meet with a new client, the answer to the following question is almost always YES!
The question: Do you think you substantially overpay your taxes?
My original research (started in the early 1980s and continuing to today) shows 85% of entrepreneurs substantially overpay their income taxes.
Why? Let me share four reasons:
#1: A taxes-are-meant-to-punish-success mindset.
The tax code is designed for entrepreneurial success by showing the best paths to follow.
Follow them and your chances for success, and increased cash flow, dramatically increase.
#2: An over-focus on deductions.
Deduction hunting is short-term and not very productive.
Tax planning is long-term economic planning.
#3: Outdated tax strategies
Many clients have a great tax strategy…if we were in the late 1990s.
Tax rules change and often to the benefit of the client. If you are not keeping up with the changes, you will miss the benefits and pay substantially more in taxes.
#4: Failure to include tax liabilities in the analytical financial reports.
Every month a client needs to know their actual and projected financial performance as well as their projected tax liabilities. Financial performance affects tax liability, and if that impact isn’t measured, you’ll discover it too late to make meaningful corrections.
What can Cash Flow Mastered do to help?
Our Cash Flow Mastered proprietary tax calculator can closely estimate how much you overpay in taxes. By answering fewer than 12 questions, your answer will come in less than a minute.
CLICK HERE to use the calculator and see how much you might be overpaying in taxes.