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.

The proVision Advantage

How Do We Help?

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.

Facts

If you want to change your tax, you must change your facts. Your strategy begins with identifying your current facts.

Goals

The goals you have for your business and investments shape your future facts. These facts heavily influence your tax strategy.

Structure

A detailed review of your existing structure to determine what needs to change from a tax and asset protection standpoint.

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

Identify deductions you are not claiming but could be claiming. Pinpoint how to properly claim and document business and investment expenses.

Entity Benefits

Understand how to use your existing and new entities in your day-to-day operations to maximize and protect your tax benefits.

*When compared to the previous strategy of clients who have completed and implemented their ProVision Strategy. Individual results of a ProVision strategy vary. Nothing contained herein should be construed as a guarantee of ProVision Services.

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

Phases of a Tax Strategy

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.

Phase #1

Find and 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.

Phase #2

Design

Creation of a custom strategy and action plan to accelerate your path to financial freedom.

Phase #3

Implement

Coordination between your team of advisors to execute your strategy and achieve your vision.

Phase #4

Report

Maintaining corporate formalities, developing reports to show the progress of your strategy and identifying any needed changes.

Phase #5

Protect

Confidence that your assets are protected and your team is prepared to defend your strategy in a legal situation.

Our Work

Case Studies

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Client: Executive

Salary: High six figures, low seven

Starting Tax Rate: ~36%

Strategy: Focused on spouse being a real estate professional, maximizing real estate deductions, and having a proper legal entity structure for his holdings

Overall: Reduced tax liability by ½ to 2/3 on sustained basis

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Client: Realtor

Salary: Mid to high six-figures

Starting Tax Rate: ~30%

Strategy: Restructuring of legal entities, leverage real estate investments to create deductions against active income, and alternative investments that created passive income and tax benefits.

Overall: Client’s current tax rate dropped to low 20’s/high teens even though his income has doubled. Tax liability has stayed steady while income has increased considerably.

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Client: Financial Advisor and Insurance Broker

Salary: Seven figures

Starting Tax Rate: ~40%

Strategy: Implemented strategies within entities to create additional deductions, plus finding alternative investments creating additional deductions.

Overall: Client’s effective tax rate dropped to mid 20s.

Hire Our Tax Strategists

Get Started on Your Custom Tax Strategy Today