Thanksgiving and Taxes. Both Can Cause Indigestion.
The Tax Saving Professionals have financial Remedies to Ease the Pain of Paying Taxes.
With 20 active business days left before the big ball drops in Time’s Square at midnight, December 31st, little time remains for American Business Owners, high-income earners and high-net-worth individuals to take actionable steps to help reduce their 2013 tax bill.
Sebastian, Florida….”While overeating Turkey this Thanksgiving may be tough to swallow and create short term indigestion, American Business owners and high-income earners might find themselves even more uncomfortable after they see Uncle Sam carve up their bottom line income if they don’t pay attention in these last remaining business days of the 2013 tax year,” says Ray Phair, Chief Operating Officer of The Tax Saving Professionals.
“With the national holiday behind us and crispy brown turkey legs still wrapped in cellophane in the refrigerator,” says Phair, “unless high income earning Americans act quickly, they are going to find themselves with a big case of financial indigestion that Tum’s won’t help that lasts a whole lot longer, and makes you seriously uncomfortable where it really hurts, in your wallet.”
Phair point out there only 20 active business days remaining before the end of the year for American’s to take a big bite out of their 2013 tax bill with actionable steps that can potentially significantly reduce their taxes,” says Phair, whose company has helped more than 7000 clients nationally since 1998 save more than half a billion dollars collectively in taxes.
Financial Relief is Still Available to Help Reduce your 2013 Tax Bill
“It’s easy to get caught up in the end-of-year hoopla,” says Phair, but this year there is a very small window from Thanksgiving to Christmas and then New Year’s Eve. When that big ball drops in Times Square on December 31st your time has run out and there’s nothing more that can be done to help reduce your tax bill for this year.”
Tax Deductions that Must Be Handled By December 31st
For example, state and local taxes are set to expire on December 31, 2013. “This might be among the more obvious tax deductions,” says Phair, “but so often we see people who let these types of accounting and bookkeeping matters get past them.”
Less obvious though and potentially extremely valuable to consumers, particularly American Farmers and other types of land owners who would like to see their property “preserved” are tax deductions that are available through the Conservation Easement Preservation Act. Under this current tax statue individuals who participate in or contribute to a “Charitable Easement Contribution” can conceivably save up to 50% of their adjusted gross income. The bad news is that the legislation and the concomitant tax saving advantages are up for a vote in the form of the House Bill 2807 by December 31st, 2013; what this means is that the current favorable tax deductions status could change.
“It’s Not How Much Money You Make, It’s How Much Money You Keep”
Says Phair, ”It’s not how much money you make, but it’s how much you keep.” The Tax Saving Professionals have a track record of helping their clients save significantly on what they pay. For example; the average American pays 31% in taxes, The Tax Saving Professionals’ average client pays 15% in taxes.
The Tax Saving Professionals are unique from other more traditional tax organizations. “We are not a ‘tax prep’ company,” says Phair, “we are tax strategists, and in fact we work very closely and regularly with accountants, CPA’s as well as small and large tax professionals and organizations who are not familiar with many of the deductions and strategies used by our company.”
“Everyone has to pay taxes, but it’s your legal right as an American to pay only what you owe and not one penny more,” says Phair. The typical tax professional typically uses between 15 – 20 tax deductions, The Tax Saving Professionals use more than 400 time-tested, proven tax deductions and strategies that many tax professional are often not aware of.