1. Discovery
During the initial meeting with the team, we start gathering information. We want to know your story, your hopes, your dreams, your aspirations, and maybe even some of your complaints. We gather information (like prior tax returns, financial statements, and a copy of your business plan if you have one).
2. Planning
Based on that abundance of information, we start piecing together a plan. This usually takes a couple of meetings with us, as we combine so many moving parts. But in the end, you have a
roadmap of strategies you can implement to keep more of your hard-earned money.
It’s likely we will see some opportunities for immediate savings. However, given the intricacies of the tax code, implementing one strategy may preclude you from taking advantage of others. On the other hand, making one decision may open up the playbook for dozens of other tax savings opportunities.
3. Implementation
At that point, most of our clients decide to continue working with us. That’s where the real fun begins (well, as fun as taxes can be). We begin implementing your plan, creating the documentation, and managing your tax bill immediately. Like all plans, we probably need to pivot and adjust throughout the year as circumstances change.
We go along with you on that journey. Often, we need to work with other experts. You may want us to meet with your financial advisor. Maybe we need to introduce you to someone who can implement your captive insurance company, or do a cost segregation study on your real estate investments. We make sure you are in good hands throughout the year, so that you are maximizing your savings (while staying out of trouble).
Always: Communication
Typically, we meet with our clients on a monthly basis to answer their questions, talk about new strategies, and check in on how things are going. When a new opportunity presents itself, or when significant changes are occurring, we are available to be your trusted advisor.
Our goal is for you to understand what your tax bill looks like by December 31st, not April 15th (or whatever extension deadline you have).
In essence, we systemize our relationship. We work along with you, meeting frequently, being proactive, and high-fiving on April 15th, rather than shedding tears.