So tax season is over! You now either know how much you owe the IRS or how much the IRS owes you, but what you may not know is that if you ended up owing the IRS, or even ended up with a refund coming your way, you still may have left some dollars on the table.
Yes! The average taxpayer misses out on several deductions each year without even knowing it. How do you fix that? The answer? By engaging in forward-thinking Proactive Tax Strategies. Legal strategies that will map out a course for you to increase your wealth AND lower your taxes. Proactive Tax Planning could mean the difference between watching more of your hard-earned dollars fade away, versus keeping more of your hard-earned dollars in your pocket. The longer you wait to proactively engage, the less and less you actually save.
Most taxpayers and the average tax accountant focus on tax preparation. i.e., preparing your return accurately and timely, based on the financial history of the previous year. The truth is, a focus on what money you spent over a year ago and what you spent it on, not only is tedious but in doing so, some of the simplest expenses are missed, and consequently, some of the simplest tax savings are missed too. If you really want to lower your taxes moving forward, you will have better results if you plan ahead.
Proactive Tax Planning requires a simple shift in mindset from focusing on just getting your taxes done after the year ends (past results) to focus on your financial future. It creates opportunities to reduce your taxes, grow your business, create more wealth and save on some of your largest expenses. It’s not too late to start planning now for this year. To start paying less in taxes RIGHT AWAY and to map out a course to get you there QUICKLY…..start with a free discovery session HERE!