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Are You Overpaying in Taxes? Here’s What Most Small Business Owners Miss

Think your Certified Public Accountant (CPA) has you completely covered? You’re not alone. A vast majority of small business owners share that belief. But a surprising discovery from my interactions indicates that an overwhelming 9 out of 10 owners are inadvertently overpaying in taxes—an average of $14,957. Even more alarming is the revelation that many have been losing out on these potential savings for over seven years!

This isn’t a rare occurrence; it’s an everyday story that unfolds in my practice.

The Key Distinction: Tax Preparer vs. Tax Planner
So, how do well-meaning entrepreneurs find themselves in this predicament?

The answer lies in the crucial distinction between a tax preparer and a tax planner.
Most business owners, when they think of managing their taxes, instinctively hire a tax preparer. However, there’s a monumental difference between the roles these two professionals play. While a tax preparer provides you with the amount you “OWE” ensuring you stay compliant, a Tax Planner operates on a different plane, strategizing on how much you can “SAVE.”

In simpler terms, while the former tells you how much you need to part with, the latter adopts a holistic approach, leveraging all legally permissible avenues to minimize your tax bill.

Act Now and Save Big
Recognizing the financial strain and the unpredictability that 2020 and 2021 unleashed, combined with looming uncertainties from the proposed tax law, it’s imperative for businesses to re-evaluate their tax strategies.

That’s why I’m extending an invitation for a FREE tax assessment. This is an opportunity for you to understand how to retain a significant chunk of your hard-earned money.

When you decide to avail of this no-obligation assessment, here’s a sneak peek into what’s on the agenda:

  • Specific Deductions: We’ll delve into three specific deductions that are frequently overlooked, even by experienced tax preparers.
  • Business Entity Structure: Guidance on the optimal legal entity structure that aligns with your business goals and maximizes your benefits.
  • Retirement Strategies: Explore two unique retirement strategies, often unknown to even seasoned financial advisors, that can be a game-changer in terms of tax savings.
  • Tax Savings Strategies: Learn about exclusive strategies tailored for business owners, which can dramatically reduce your tax bill.

However, remember, time is ticking. To leverage these benefits, proactive action before the year concludes is crucial.

Don’t let another year go by overpaying on your taxes. Book your FREE assessment and navigate the path to substantial savings.

About the Author:
Jamie Pope is a seasoned real estate tax expert with a passion for helping investors achieve maximum tax efficiency. With a wealth of experience and a dedicated team, Jamie specializes in identifying and executing smart tax strategies tailored to the unique needs of real estate professionals. To embark on your tax savings journey, contact Jamie Pope today via his website, or by phone (615-429-7883) . Start maximizing your real estate investment potential now.

DISCLAIMER: This article is an opinion piece regarding things financial and how they shape our everyday lives. This is opinion only and is not intended or should be taken as investment advice. We do not guarantee the accuracy of any statements as should not be relied upon otherwise.

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