Accountant Analytics

Lazy Person Way to Lowering Taxes

I’m sure you’ve heard stories of millionaires who have paid no taxes. Some assume that’s only possible if they’re doing something illegal or unethical. But as someone who has devoted the years to studying taxes- I can tell you this…

Most of them are doing it LEGALLY.
That’s because they can afford to hire expensive tax lawyers to cut their taxes to
nothing. Or because they’ve spent years educating themselves on all the legal tax “loopholes.”
So, we know it’s possible to legally reduce your taxes to next to nothing. The problem is most Americans aren’t rich enough to hire expensive tax lawyers. Nor are they ambitious enough to study the 70,000-page tax code to find all the legal ways they could lower their taxes.

Which is why most people just settle for paying HUGE tax bills each year. They just pay whatever price TurboTax spits out or whatever their CPA tells them they owe. Which is sad. Because most hard-working Americans overpay the government every year.
This is money that could go to your kid’s education, paying off debt or your retirement…

Instead, it gets sucked out of your bank account and added to the $3.4 TRILLION pile
of money the IRS collects each year. However, that can be avoided…

Even if you’re not rich and famous. And even if you’re not disciplined enough to comb
through 70,000 pages of tax code. Instead, you can do what hundreds of other Americans have done and choose “the lazy person’s way of lowering taxes.”
The lazy (aka “smart way”) is to use other people’s expertise to improve your situation.

In other words, tap into the brain of someone (like me!) who has years of experience
in helping people like you lower their taxes. The problem is most tax strategists will charge $10,000-$20,000 for information like this. So, people think I’m crazy for giving this away for free.

But it’s my choice. And I know if I help enough people, eventually some of them will also turn around and hire me when the time is right. So, if you want to get access to top-notch tax saving strategies, without paying tens of thousands of dollars…
And without devoting years of your life to studying taxes…

I have a few appointments I can take on my calendar. So, I decided to offer you a
In this strategy session we will discuss:

1. Your current tax situation and analyze it
2. How we can find hidden deduction opportunities you might be overlooking
3. Strategize to see how we can get you into the right tax bracket so we can keep more money in your pocket ethically
4. Review your past tax returns and see if you left any money on the table and strategize how to get it back.
Book your call now

30 Minutes to Save Thousands on Taxes - Barton Bumpus This meeting is an intro to our Tax Health Check service and what is needed to get it done!

Overlooked Tax Deductions for Small Businesses

There are so many write-offs that small businesses forget to take each year.
That’s because neither the IRS nor most CPAs are going to remind you about these.
“Of course, the IRS wouldn’t, but my CPA surely would… right?”

Well, not exactly.
That’s because most CPAs are overbooked so they don’t really have the time to do extra
work for their clients. Therefore, if saving money on taxes is really important to you, then it’s up to you to ask the right questions.

Here's a list of common tax deductions that most small businesses forget to take. I
encourage you to ask your CPA -- or whoever files your taxes -- about these. Because the simple act of asking about them could save you thousands of dollars.

Tax Deductions That Many Forget About:

1. Business Meals: you can typically deduct 50% of your business meals if they
meet the following criteria:
● The meal is an ordinary and necessary part of your business.
● The meal is not lavish or extravagant.
● The business owner or an employee is present at the meal.

2. Business Use of Vehicle: If you use your car or truck solely for business purposes
then you could write-off the entire cost of operating and maintaining it. And even if you
use it partly for business and partly for personal use, you can still write-off whatever
percentage is used for business. You can choose between the Standard Mileage Rate ($.70 per mile for 2025) or the Actual Expense Method (https://www.irs.gov/tax-professionals/standard-mileage-rates )

An easy way to track this is to use a mileage tracker app like Hurdlr (https://www.hurdlr.com/mileage-tracker). QuickBooks also offers a mileage application (QuickBooks.com). These allow you to automatically track all your mileage and other business expenses in real time.

3. Section 179 Deductions: When you buy a vehicle, furniture, equipment and other
business-related items you can write-off the depreciation of those assets. There are
several ways to do this but one of the most attractive methods is the Section 179
deduction. This allows you to deduct up to $1 million of property placed in service during
that tax year.

4. Business Education: If you choose to buy a course or take a class to help you with
your business then you could write that off too. You can also write-off business-related
books and any subscriptions to trade or professional publications.

5. Direct Home Office Expenses: This deduction is different from the normal home
office deduction, which allows you to write-off a percentage of your home-related
expenses when you have a home office. But direct home office expenses on the other
hand allow you to write-off 100% of the purchases you make for your home office
specifically. So, for example, if you buy new furniture or paint your home office, then you
could potentially write-off 100% of those expenses.

Book a call to see how we can help you!

https://accountantanalytics.com/services/ola/services/tax-strategy-session

Tax Strategy Session In this session, we review your taxes for the prior year as inputs into a strategy that can save you money for the current year. We look to save you thousands of dollars with strategies that make sense for your business.

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Tax Planning vs Tax Compliance

There’s an old saying that goes, “What you don’t know won’t hurt you.”
Sometimes it’s true. But more often than not it’s false. Especially when it comes to financial matters like taxes!

For example, most people don’t know there’s a difference between tax compliance and
tax planning. They just think, “Well I need to pay my taxes. Nothing I can really do about it. I just pay whatever my accountant or TurboTax tells me to pay.” Even if you hire a CPA to do your taxes the chances are slim that they engage in any sort of tax planning.

And that’s a problem because it can cost you to overpay your taxes by thousands of
dollars every year. So, what’s the difference between tax compliance and tax planning?

Tax Compliance: Think of this as just doing the bare minimum when it comes to taxes.
When it comes to filing tax returns, your CPA’s priorities include:
* Ensuring all your taxes are filed correctly
* That your taxes are paid
* That you comply with all local, state and federal tax requirements

Tax Planning: This is about proactively looking for legal ways to reduce your tax
liabilities. It requires deep knowledge of your specific tax situation, tax laws and proper
use of entities (i.e. LLCs, Corporations, etc.). Tax planning should take place throughout
the year. The biggest difference between the two is that one is reactive and one is proactive.

If all you do every year is file and pay your taxes, then you are being reactive. And you
will end up paying a lot more because of it! However, if you’re proactive and you come up with a smart plan on how to reduce your taxes you can save thousands of dollars every single year!

And since taxes are typically the biggest ongoing expense in your life, it’s worth taking
some time (doesn’t have to be a lot) to be proactive about this. One of the best ways is to educate yourself on some of the best tax-saving tips out there…

Anyway, I have a few appointments I can take on my calendar. I Decided to offer you a
In this strategy session we will discuss:

1. Your current tax situation and analyze it
2. How we can find hidden deduction opportunities you might be overlooking
3. Strategize to see how we can get you into the right tax bracket so we can keep more money in your pocket ethically
4. Review your past tax returns and see if you left any money on the table and strategize how to get it back.

Book your call now

30 Minutes to Save Thousands on Taxes - Barton Bumpus This meeting is an intro to our Tax Health Check service and what is needed to get it done!