Tax Planning Strategies
The fastest way to put money in your pocket is to reduce your taxes with a tax strategy. Our creative tax planning strategies have one overriding objective – to increase your wealth.
What are tax planning strategies?
Taxes are the number one expense of any business or investor. A ProVision Tax Strategy ensures you pay taxes in the least amount allowed by law, regardless of your business or investment situation.
Tax planning strategies are designed to minimize your tax liabilities or cut your tax bill. These strategies may include taking advantage of tax deductions and tax credits, defer income, combining charitable contributions, required minimum distributions and advance tax strategies such as contributing to a retirement plan to reduce your taxable income.
Tax strategies can help in tax savings, avoiding tax penalties, maximizing available tax deductions and tax credits, and minimizing capital gain.
Lastly, we devise a custom and flexible entity structure in addition to a tax plan that will serve as the basis for tax savings for the rest of your life.
Tax Strategy Advisors
Tax strategy advisors can help you prepare your tax return efficiently and correctly. Your tax strategist or tax strategy pro will help you figure out taxable or non-taxable payments and tax deductions you are eligible for and inform you of any increase in your standard deductions or any changes to your federal income tax bracket or federal income tax rate. Although Nevada does not charge any state income taxes, the United States has a progressive federal income tax system which means your tax rates will depend on your taxable incomes.
1. Find an Advisor
Evaluation of your current wealth situation and a new understanding of how to find the right advisor for you, even if it’s not us.
2. Design
Creation of a custom strategy and action plan to accelerate your path to financial freedom.
3. Implement
Coordination between your team of advisors to execute your strategy and achieve your vision.
4. Report
Maintaining corporate formalities, developing reports to show the progress of your strategy and identifying any needed changes.
5. Protect
Confidence that your assets are protected and your team is prepared to defend your strategy in a legal situation.
On average, our clients reduce their taxes by 10-40%*
It’s not as hard as one might think. Especially, when you consider that 90% of the tax code is written to benefit entrepreneurs and investors. It’s about more than Tax Returns and Tax Planning… It’s a Plan of Action.
*When compared to the previous strategy of clients who have completed and implemented thier ProVision Strategy. Individual results of a ProVision strategy vary. Nothing contained herein should be construed as a guarantee of ProVision Services.
Facts
If you want to change your tax, you must change your facts. Your strategy begins with identifying your current facts.
Goals
Structure
Entity Diagram
Identify the type of entity (entities) to use now and in the future, including how each should be taxed. Determine the state(s) to organize and/or register each entity for income tax purposes.
Deductions
Entity Benefits
Reporting your Strategy
The way we conduct tax filings demands much finer attention and creativity than most accountants can offer. We are committed to seeing the process all the way through.
Income Tax Strategy
International Tax Strategy
Tax Return Preparation
Tax Consulting
Estate Tax Planning
Multi-state Tax Strategy
Client Reviews
We have really enjoyed working with the Provision Team! They have become trusted advisers and friends. The team gets to know the client dreams and goals and then gives the best advice on how to get there.
Scott & Carole Michalak
Client
I’ve been working with Provision for a few months now and were coming to the end of the year. So far I’m extremely happy with with their services. The team they set me up with are extremely informative and I’m excited to see how they do with my tax savings.
Mitch Schwitters
Client
The Provision Team are incredible! We have always received personalized attention. Our unique tax planning needs have been discussed in detail and various strategies have been offered to us. We have even been taught how to invest differently so that we can maximize the tax code.