TAX PROS BLOG
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Since the passage of the Tax Cuts & Jobs Act of 2017, there has been much ado regarding the Section 199A Qualified Business Income tax deduction. Most issues have been addressed and clarified, but there still remains confusion among real estate investors who rent multiple properties, courtesy of a wide range of criteria that must […]
So you need a new car, truck or SUV for your business. Given today’s high cost and quick depreciation of vehicles, you may be wondering if a leased vehicle would be better for your bottom line, especially come tax time. It will, of course, depend on a number of individual factors, but here are a […]
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No matter the taxpayer, it seems everyone wonders at one time or another about his or her chances of being subjected to an IRS audit. And while the answer depends on a number of individual factors, the odds, in general, are likely much lower than one might think. IRS budgets and audit staff have been […]
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You’ve worked hard, built a successful business. But when you think about the future, the thought of escalating your retirement savings may be forefront in your mind. If that’s the case, you might want to consider a Defined Benefit Plan to possibly double your savings in half the time. Yes, you heard right. But there […]
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With so many changes to the U.S. Tax Code, newly created Opportunity Zones received less attention as a tax-advantaged investment strategy than other provisions in the Tax Cuts and Job Acts. With the potential to defer Federal taxes on any recent capital gains through 2026, reduce that tax payment by up to 15% and possibly […]
If you’re feeling frazzled about taxes, you wouldn’t be the first person to feel the pressure. Even Albert Einstein admitted, “The hardest thing in the world to understand is the income tax.” Add to that the myriad of changes in the tax code that took effect for 2018, and the hardest thing in the world […]
The holidays are fast approaching! Time to deck the halls AND embrace the “season of giving!” And while giving for the sake of giving is a noble gesture, over the years many Americans have counted on tax-deductible charitable donations to help “shave” money off their tax bills. While the charitable deduction was left unchanged in […]
If you are really thankful, what do you do? You Share! These are the words of philanthropist W. Clement Stone with which we – at Tax Savings Professionals – wholeheartedly agree! To show our “thankfulness” this holiday season, we are holding a Thanksgiving Food Drive at our office during the month of November to help […]
Whether state university or private school, the cost of sending a child to college has become quite expensive. According to CollegeData.com, a moderate college budget for an in-state public college for the 2017-2018 Academic Year averaged $25,290 dollars, while a moderate budget at a private college averaged $50,900. While that includes tuition, fees, housing and […]
https://youtu.be/x6CjUDpW2-w American Cancer Society’s“Making Strides Against Breast Cancer Walk.” Tax Saving Professionals’Breast Cancer Awareness Team Page We all know someone who has been affected by breast cancer. Your mother, your sister, your friend, maybe even you. Approximately 1-in-8 women in the United States will develop invasive breast cancer over the course of their lifetime. In […]
There’s been “much ado” about the creation of the new 20% tax deduction for “Qualified Business Income” (QBI) in the Tax Cuts and Jobs Act of 2017. Although the deduction “tax relief” for small businesses (pass-through entities) in order to free up more funds to help them grow and create more jobs, high-income professions which […]
No matter your chosen field, it’s likely you’ll leave at least one job, if not more, with a balance of 401(k) funds to your credit. When that happens, “it pays” to consider a roll-over of those funds from the employer into an independent IRA. A popular retirement investment planning strategy, if done correctly, a rollover […]
For commercial real estate investors and business owners, increased cash flow, reduced tax liability, a deferral of taxes and/or the ability to reclaim missed depreciation deductions are welcome ways to improve their bottom lines, open up more options to generate income and, of course, grow their business. At Tax Savings Professionals, we believe cost segregation […]
Being declared “high risk” or faced with fluctuating insurance premiums and a long claims process, many high-net-worth individuals are taking a “fresh look” at captive insurance for their businesses. Not only for coverage flexibility and less hassle but to also save and earn money. Recommended, in the right circumstances, as an option for advanced tax […]
It’s the American Dream of millions – “to be your own boss.” And after the Financial Crisis of 2008, more people than ever have been deciding to make that happen. With the number of self-employed U.S. workers (now at 15 million) expected to almost triple to 42 million by 2020 – now is the ideal […]
When it comes to tax strategies, many business people are wondering which business structure is best for their bottom line in 2018. Following the passage of the 2017 Tax Act, American companies registered as C-Corporations now qualify for a permanent maximum 21% tax rate, while U.S. businesses registered as S-Corporations (which are pass-through entities) will […]
Tax Saving Professionals is a recognized ADA Continuing Education Provider by the ADA Continuing Education Recognition Program (ADA CERP). Their program, “A Proven Way to Pay Less Taxes,” teaches dentists how to identify tax deductions they may not be taking as well as how to properly document the deductions. Vero Beach, Florida (PRWEB) February 16, 2018 […]
As of January 1, 2018, the Tax Cuts and Jobs Acts offers a 20% deduction for qualified business income pass-through entities. The owner of a sole proprietorship, S-Corporation, or partnership is entitled to take a deduction equal to 20% of the “qualified business income” earned from the business. Qualified business income is the non-investment income […]
Although there are many uncertainties regarding New Partnership Audit Rules reissued by the IRS, tax partnerships and their partners are advised to review and amend their partnership agreements or limited liability company agreements to prepare for any changes effective for the 2018 tax year. Tax partnerships are not subject to federal tax; income, loss and […]
Not surprisingly, The Tax Cuts and Jobs Act is far from a quick and easy read; it’s quite the opposite, actually – comprised of nearly 1,097 pages. Unfortunately, the length alone can act as a deterrent, so we’ve taken some time to break it down into more concise terms. But, the intricacies of this bill […]
VERO BEACH, FL, – January XX – Tax Saving Professionals will present a free, online webinar – Tax Reform and How It Affects You – Thursday, January 25 at 8:30 p.m. ET and Friday, January 26 at 10:00 a.m. ET. Registrants can choose the time the best fits their schedule. During this 45-minute, live webinar, […]
FACT: As a Taxpayer You Have Fundamental Rights: The Right to Be Informed The Right to Quality Service The Right to pay No More than the Correct Amount of Tax The Right to Challenge the IRS’s Position and Be Heard The Right to Appeal and IRS Decision in an Independent Forum The Right to Finality […]
There a fewer things more important than preparing for Tax Season for business owners. Although the busy season is behind us, now is THE BEST time to start preparing for the rush of next years. The following article points out 10 fantastic ways to start preparing for the future to make the process as streamline […]
Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned, not just at the end of the year when you file a tax return. This is referred to as a “pay […]
It is hard to turn on the television or computer today without seeing news on the presidential nomination race. As poll results and policies are announced, many Americans are wondering how these candidates are going to not only influence the country as a whole, but how they are going to directly impact their daily lives. […]
“Tax Saving Professionals” Participates in Nation’s Largest Annual Radiology Event, Shows Doctors How to Save Money on Taxes, Better Fund Capital Improvements
The 2015 SBI/ACR Breast Imaging Symposium is the largest dedicated breast imaging conference in the world. “Tax Saving Professionals,” a national tax consulting firm, will attend the show as an exhibitor presenting its cash-saving, tax-lowering strategies to attendees, which includes some of the nation’s most successful doctors, radiologists, technicians and members of the medical community […]
Tax Saving Professionals joins forces with nationally recognized Engineering Tax Firm with Proven Strategies to Lower Taxes for Building Owners
High net-worth individuals, accredited investors and other high-income earners who have real estate assets in their portfolio can obtain significant cash-saving, tax-lowering benefits through the utilization of “component analysis” that provides significant accelerated depreciation on the “life of a building.” National tax consulting firm, “Tax Saving Professionals” has added another proven, high-impact, tax-lowering strategy for […]
7 Weeks Until First Estimated Quarterly Tax Filing: “Tax Saving Professionals” Reveal to Business Owners How to Cut Thousands in Tax Payments, Keep More Operating Cash
According to the experts at Tax Saving Professionals, a national tax consulting company, American business owners, professionals and high net-worth individuals can keep more of their hard earned cash and pay less taxes to the government using common but not often used tax deductions. Quarterly tax saving strategies are the key to bigger savings and […]
American Business Owners: The Tax Clock is Ticking, 38 Days Left in 2014 to Lower Your Business Tax Bill, Save Money and Keep Cash in the Bank
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 […]
Tax Saving Professionals “Client Referral Program” Generates More than $2 Million in Client Tax Savings
National Tax Consulting Firm, “Tax Saving Professionals” launches “Strategic Alliance Software” for Accountants, CPAs, Attorney’s and Financial Advisers. By bundling assorted software programs and creating a custom web portal, the national tax consulting firm Tax Saving Professionals allows members of the tax and financial communities to easily leverage their client base, grow their practice and […]
Tax Tips, Smart Strategies, Yield Big Savings All Year Round: Keeping Cash in Consumers’ Pockets and Not in Government Coffers
According to the experts at Tax Saving Professionals, a national tax consulting company, American business owners, professionals and high net-worth individuals have a choice: they can keep more of their hard earned cash in their pockets and pay less taxes to the government or simply pay it when it may not be necessary. Quarterly tax […]
Tax Crisis Looms for High-Income Earners and High Net-Worth Individuals: Critical Tax Incentive Legislation for Conservation Easements Up for Vote
Tax Crisis Looms for High-Income Earners and High Net-Worth Individuals: Critical Tax Incentive Legislation for Conservation Easements Up for Vote “Conservation Easement” Legislation Converges the Capital Interests of Farmers, Ranchers, Preservationists, Conservationists, High Income Earners and High Net Worth Individuals all at Stake Coming Up for Congressional Vote ”Important and potentially extremely valuable tax saving […]
Tax Experts at Tax Saving Professionals Support Government Legislated Tax Incentive for Conservation Easements
Vero Beach, Fl…The tax experts employ various tax strategies designed to help, in many case, significantly reduce a client’s tax liability. While they employ various strategies, two strategies have proven very effective – Conservation Easements and Historic Property Renovation Programs. Both are touched upon below, The Conservation Easement Program is presently facing challenges in Congress, […]
46 Million Americans Self-Filed Taxes: Big Dollars, Deductions and Huge Cash Saving’s’ at Stake for American Business Owners and High Net-Worth Individuals according to Tax Experts at “Tax Saving Professionals”
Millions of Self-Filing Business Owners’ Bank on Returns 46 Million Americans Self-Filed Taxes: Big Dollars, Deductions and Huge Cash Saving’s’ at Stake for American Business Owners and High Net-Worth Individuals according to Tax Experts at “Tax Saving Professionals” Getting the numbers right is not so easy and there’s a lot of tax money riding on […]
American Taxpayers Have Huge Cause for Concern – “Paid Tax Return Preparers Made Significant Errors” according to recent GAO report
The Government Accountability Office released the results of a new investigation involving undercover site visits in which 17 of 19 randomly selected, paid tax preparers failed to complete a tax return accurately, either due to significant mistakes or willful negligence. The new GAO investigation unveiled to the United States Senate Committee on Finance reported findings […]
“Small Business Health Care Act” Offers Surprising Number of Tax Benefits Available to Entrepreneurs and Small Business Owners According to National Tax Consulting Company
Tax Consulting Experts advise Small Business Owners they can use the Small Business Health Care Tax Credit, among a host of other financial benefits, to offset mandatory increased insurance coverage for its employees as proscribed by the Affordable Care Act of 2010 “The mandatory increased insurance coverage for employees (for small companies) as proscribed by […]
2015 President Obama Tax Proposal: What Small Business Owners and the American Consumer Should Know to Better Manage Your Money
According to the experts at Tax Savings Professionals, President Obama released a nearly $4 trillion budget proposal for 2015 that includes more plentiful tax breaks for working families while limiting breaks for the rich. Among the issues on the table, up for discussion, negotiation and proposed legislation are caps on “Itemized deduction & Exclusions,” lowering […]
The End of the Year Might Be Here, but the Tax Burden on the American Tax Payer Should be an Everyday Concern
According to the tax specialists at www.TaxSavingProfessionals.com, Tax Reform efforts in Congress have stalled and there seems to be no immediate push to change the tax code in the near future suggesting that current rates are likely to stay in place for a while. In light of what appears to be a “gridlock” environment in […]
Thanksgiving and Taxes. Both Can Cause Indigestion. The Tax Pros have the Financial Remedies to Ease the Pain of Paying Taxes
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 […]
American Business Owners and the Nation’s Top Income Earners Are about to Get Crushed with New Tax Law Changes: There’s Little Time Left, but End-of-Year Tax Help with Big Savings is Still Available
American Business Owners and the Nation’s Top Income Earners Are about to Get Crushed with New Tax Law Changes: There’s Little Time Left, but End-of-Year Tax Help with Big Savings is Still Available Significant tax changes are taking place and most American Business Owners or high net-worth individuals are likely not even aware of it. […]
The Tax Saving Professionals Offer Expert Insights for American Business Owners Concerned about 2013 Tax Returns, ObamaCare and the Fiscal Cliff
The current legislative and political landscape is confusing and potentially alarming to American business owners, The Tax Saving Professionals, experts in tax code and tax law offers the good, the bad and the reality of the current pending legislation and what it can mean to high net worth individuals and American Business Owners. Sebastian, Fl…”The […]
American Business Owners and High Net-Worth Individuals Can Potentially Lose Out on 2013 Tax Savings: The Tax Pros Offer End-of-Year “Tax Tune-Up” Consultation
One of the Nation’s Largest Tax Advocacy Companies, The Tax Saving Professionals, is Offering Business Owners, High Income Earners and High Net Worth Individuals a Tax Consultation that can Potentially Save Clients Thousands of Dollars. The current legislative and political landscape is confusing and potentially alarming to American business owners, The Tax Saving Professionals, experts […]
One of the Nation’s leading “Tax Advocacy” Organizations, The Tax Saving Professionals, Launch a Strategic Partner Program for CPA’s Seeking to Develop Powerful, Profitable Alliance
Sebastian, Florida…“In a tight economy everyone is looking for ways to earn more income,” says Ray Phair, Chief Operating Officer of The Tax Saving Professionals, “so we have created a very powerful program for professionals, starting with CPA’s, to leverage their existing client base into a profitable passive income stream that requires virtually no work […]
The Tax Saving Professionals Help High Income-Earning American Tax Payer’s & Business Owners Pay Less Taxes and Keep More of their Money When Planning Ahead on Taxes
Even though summer has just come to a close, third quarter estimated tax payments are barely one-month away and end-of-year filings are right around the corner. Highly-paid career professionals and Business Owners can potentially save tens of thousands of dollars on their taxes by utilizing some of the more than 400 proven and time tested […]
National Leading Tax Counseling Company, “The Tax Saving Professionals,” Provides Americans with a Special Tax Bulletin: 2013 IRS Top 5 Summer Tax Saving Tips
Sebastian, Florida…While it may be summer it doesn’t mean the money-meter still isn’t ticking on the taxes you need to pay to the IRS come April 15th. In addition to threat of sunburn, nascent melanoma, the fear of dehydration and two weeks in the car and on the road through Yellow Stone National Park for […]
Can you believe it’s already September? If you’re a business owner, aren’t you excited about paying another quarterly estimate soon? No? Then don’t pay it! By working with Tax Saving Professionals, you can redirect that next quarterly estimate into a Green Preservation Partnership that will effectively cut your taxable income this year by enough to […]
Did you know that you have a bill of rights? Probably, but not a “bill of rights” for taxes. Well, there is a “bill of rights” for taxes and as a tax payer, you should be aware of them. There is an article on the wires today that talks about red flags and […]
How safe is the information contained in your tax return? Not very, apparently, if your political views lean in the “wrong” direction. Section 6103 of the Internal Revenue Code states “…no officer or employee of the United States,… shall disclose any return or return information obtained by him in any manner in connection with his […]
For commercial buildings, IRC § 179D provides a deduction of up to $1.80 per square foot for energy-efficient features of the building’s construction or retrofit. A qualified person (defined as a professional engineer or contractor licensed in the jurisdiction where the real estate is located) must provide an analysis to the taxpayer. Special software prescribed […]
A lot of business owners ask me if they can hire and pay their kids for modeling or acting in the business marketing campaigns. A good example is one of our past clients who developed a line of hair care products called Kinky Curly that are sold in Target and Whole Foods. When she came […]
Will there be any substantive comprehensive tax reform in 2013? Can there be? Our nation’s legislators are drowning in what appears to be a sea of ineptitude. While the primary leaders of tax writing committees (Sen. Max Baucus of the Senate Finance Committee and Rep. Dave Camp of the House Ways and Means Committee) have […]
The home office deduction under IRC §280A has been a willing participant and giver of headaches for most taxpayers since its early adoption in 1976 as part of the Tax Reform Act of 1976. However due to the various abuses of the deduction and colorful history most tax professionals have given an early burial to […]
Hiring your children in your business is a big tax benefit in itself. Once you hire them and they are making earned income, they now pass the rules to open an IRA to start saving for their retirement. Think about that for a minute…If your parents had made it possible for you to start putting […]
Wyoming became the 1st state to enact a true Limited Liability Company in 1977. It was best described as a hybrid between a partnership and a corporation. Its popularity was slow to come as other states did not follow suit until the 1990’s. After that the LLC quickly became the entity of choice for business […]
In addition to the changes to tax rates and deductions from the “Fiscal Cliff” compromise, there is another tax many clients may be unaware of: A 3.8% tax on investment income to partially fund the Affordable Patient Care Act better known as “Obamacare”. How could this tax potentially affect you in 2013? Who Is Subject […]
Ready to Start Saving on Your Taxes?
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At Tax Saving Professionals, our experienced Tax Saving Consultants help you identify the often missed and underutilized deductions you are entitled to take.
To begin saving, click here to download our tax saving app on your smartphone. Input the information in the short questionnaire and you will receive a tax saving estimate. Within two days, you will receive a call from one of our Tax Saving Consultants who will walk you through the upload of your tax returns. Our Tax Attorneys and CPAs will review your information and present your plan at a Personal Consultation (telephone call).
Or, if you would prefer to complete the questionnaire with one of our Tax Saving Consultants, dial #250 on your cell phone and say the key words, “Cut my taxes!”. We promise two things that nobody else in the industry will: We guarantee our tax savings and planning, and we provide audit insurance to keep your mind at ease.
SAVING CLIENTS MILLIONS FOR OVER 18 YEARS
For more than eighteen years, we’ve helped thousands of clients around the country save millions of dollars in taxes. We work with business owners and high net worth individuals that meet the accredited investor status to save them up to 50% or more on their taxes – year after year.
We maintain the highest standards of accreditation and professional licensing and employ exacting due diligence when vetting the companies with whom we do business. We only consider credible, reputable partners in executing our advanced tax saving strategies. At Tax Saving Professionals we say, “It’s your money. We’ll help you grow it.”
To speak with one of our experienced Tax Saving Consultants today, dial #250 on your cell phone and say the key words, “Cut my taxes!”