As 2014 winds down, American Business Owners, high-income earners and high-net worth individuals still have an opportunity to save money, cut taxes and keep more cash in their pocket with advanced tax strategies by Tax Saving Professionals.
“There’s only 38 days left to help American business owners, high income earners and high-net worth individuals lower their tax bill,” says Ray Phair, COO of Tax Saving Professionals, one of the nation’s largest tax consulting companies with thousands of clients across the country. According to Phair, this is “just enough time for us to evaluate a client’s financial situation, make recommendations and begin to implement those strategies so that we can help reduce a client’s taxes,” says Phair, whose company has served more than 7000 clients since 1998.
Cut up to 30% on Tax Bills
According to Phair, the Tax Saving Professionals commonly help clients save 30% or more on their tax bill. And, with “pending governmental legislation it may go to as much as 50%, “says Phair, for some of the tax products they have that have been proven and time tested to save clients significant sums of money on their taxes.”
Politics & Taxes
According to Phair, with the landslide Republican wins nationwide certain legislation may be expedited in favor of business owners, high-income earners and high-net worth individuals. “Some pending legislation and issues can be extremely favorable especially to business owners,” says Phair, particularly regarding quarterly tax payments. Tax Saving Professionals are expert at navigating these complex tax matters and specializes in the management of finances for small business owners, who often find themselves in a quandary regarding payroll taxes and back taxes, which represents a significant part of the company’s practice.
The Tax Code Favors High Income Earners, Accredited Investors
The Tax Saving Professionals consists of CPA’s, Attorneys, Investment Advisors, Lean Six Sigma Black Belt who use a time-tested and proven suite of tax saving products to significantly lower clients’ taxes. These various approaches, however, are not for everyone, says Phair. Using various strategies, the Tax Code favors these approaches for business owners, high-income earners, high-net worth individuals and those with accredited investor status.
Determining Accredited Investor Status
In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:
1) Earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.
2) Have a net worth exceeding $1 million, either individually or jointly with his or her spouse.
3) Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.
These investors are considered to be fully functional without all the restrictions of the SEC. An employee benefit plan or a trust can be qualified as accredit investors with total assets in excess of $5 million.
Tax Savings Opportunities for Non-Accredited Investors: Free Trial Program
Tax Saving Professionals has a unique program for non-accredited investors also. The product is an education series developed by our tax experts that includes videos and slides, clear cut worksheets, and explanations that step-by-step shows small business owners how to save money on their taxes. “Our goal with this new product,” says Phair “is to nurture along the small business owner, coach them through a growth curve and help them become big business owners who earn a lot of money and will require advanced tax strategies down the road.”
Tax Saving Academy: Free 7 Day “Tax Saving” Product Trial
Developed under their guidance and with their expertise over a nearly one year period, Tax Saving Professionals created Tax Saving Academy. Recently launched, American Small Business owners can secure a 7 Day Free Trial that can be accessed at: https://bit.ly/taxsavingpros
Tax Saving Academy is offering this tax saving product, guaranteed to save a small business owner at least $10,000 in taxes, provided that the tutorial is followed as outlined in the program. After the 7 Day Free Trail the program is offered on a monthly subscription basis at an introductory price of $29.99 per month. Click here to view product and sign up now: https://bit.ly/taxsavingpros
2015 and Beyond
While the end of year is still where people are focused right now, says Phair, he points out it is important to always look ahead. Looking “past the curve” gives us the advantage in helping us obtain the best results and biggest savings for our clients. “For 2015 we will be adding some new relationships and alliances that are nationally known that will give our clients a larger tax saving portfolio,” says Phair. While unable to disclose particulars right now, Phair points out there are many little known tax advantaged products and some with huge savings. There are others with less savings for the right kind of income but complete a portfolio regarding risk and circumstances is evaluated on a client by client basis.