Retirement Planning: Contribute to tax-advantaged accounts like SEP IRAs or Solo 401(k)s, which are tax-deductible and reduce current taxable income.
Tax Credits: Utilize credits for research and development (R&D), energy efficiency (e.g., green commercial buildings), or hiring, which directly reduce your tax bill dollar-for-dollar.
Timing Income and Expenses: Accelerate expenses into the current year and defer income to the next to manage taxable income levels.
Strategic Hiring: Hiring family members can move income to lower tax brackets, provided they perform legitimate work.
Disclaimer: Tax laws can change, and individual circumstances vary. Consult with a qualified tax accountant or advisor for tailored advice.
Business Entity: Consider S-Corporation election for small businesses to reduce self-employment taxes, or utilize C-Corporations for potential lower rates, ensuring all restructuring is completed before Dec 31.
Year-Round Planning: Engage with a tax professional throughout the year, not just at year-end, to implement these strategies effectively.
Documentation: Maintain precise, detailed records of all expenses to support deductions during potential audits.
We often find that CPAs focus on Compliance and not on Tax Mitigation Strategies. It's like asking your primary care doctor to be your cardiologist.
A Tax Mitigation team will consist of both Tax, Legal, and Financial advisors who are working together to achieve the maximum results.
Yes, we will educate your CPA with Advanced Tax Mitigation Strategies that we would use to mitigate your taxes 40-80%.
Our team has Tax, Legal, and Financial advisors designing the strategies as a team approach.
This depends upon the services you have requested. Our Strategy meetings are no cost, but the implementation may carry a cost depending upon the services involved.
The goal of Tax mitigation is to save you 40-80% of the taxes you would pay the IRS, and worth the fees involved to mitigate.

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Burleson TX 76028
© Business Tax Mitigation