Every year I like to do a series of emails showing you how to pay less in taxes.
Why?
Because most entrepreneurs are paying MORE in taxes than they legally need to.
I even did this myself back in 2015.
That was the first year my income really shot up…
And when it jumped from $200k to over $700k, I got smoked on taxes that year.
I made the deadly mistake of assuming my CPA would know what to do…
But that was just not the case.
Cause while he was a CPA, he didn’t actually understand tax strategy.
He was an “order taker”.
So he didn’t give me any tax strategies that would save me a bunch of money…
And he wasn’t bringing new ideas to me…
He just added up my numbers and told me what I owed to the IRS.
Which was a big, big mistake.
Cause I wound up paying out the wazoo on taxes that year (probably $50k-$100k more than I needed to pay).
That was the first time I realized there’s a difference between a CPA and a tax strategist.
You never want to have a plain ole’ CPA who just takes orders giving you tax strategy.
I mean that’s perfectly fine if you’re an employee making $50k a year…
But if you’re an entrepreneur taking home a high 6 or 7 figure income (like I was), this is nuts.
Cause taxes are your biggest expense.
And you need a tax strategist (not a CPA) helping you with that.
I’ll give ya a good example of this…
My tax strategist (Jeff) has helped me to save multiple 6-figures on taxes the last few years including…
– writing off $620k in crypto losses to offset a big chunk of the capital gains I have from selling Copy Accelerator. This will save me about $150k in taxes this year
– setting me up with a cash-benefit plan (CBP) that allows me to invest $150k into index funds (and I can write off $150k on my taxes)
– using the Augusta Rule to rent my house out to my business 14 days a year (this makes me around $24k a year)
– writing off the $105,000 Range Rover I bought a few years ago (I believe we wrote off 80% of it, which saved me around $29,000 in taxes)
– using depreciation from a real estate purchase I’m working on that will help me offset close to $600k in taxable income (this will save me about $120k in taxes this year)
– setting up a side C-corp that I’m able to use in really “fat” years to lower my taxes paid by $20k or so
I could go on and on with this…
But you get the point.
Once you’re making good money, there’s a LOT you can do to reduce your taxes (and all of it is legal).
However, it’s not that easy to find a good tax strategist.
I went through 5-6 different CPA’s trying to find someone who actually understood tax strategy.
Most of them claimed they did…
But in reality, they weren’t bringing me ideas on how I could pay less in taxes.
They were just your run-of-the-mill CPA’s.
So I went through a lot of “duds” before finding someone who actually knew what he was doing.
And that’s a big reason why I’m writing you this email.
Up until now working with Jeff (my tax guy) was not cheap.
I pay him close to $60k a year to help me.
However, he hit me up a few weeks ago to let me know that he’s doing a few 1 hour tax strategy sessions in August for just $995.
Basically during the session he’ll go through your business and your tax returns and show you all the tax strategies you’re missing out on that will save you a bunch on your taxes.
My gut says that he’ll be able to show you how to save somewhere between $50k-$200k on your taxes (if you’re making above $600k a year).
That number will obviously vary depending on how much you make…
But for $1000, he’ll prolly get you at least 50x that in tax savings.
So it’s a hell of a deal…
One note on this…
Most of the tax strategies Jeff uses are geared towards entrepreneurs making more than $600k a year.
So you need to be making good money for this to be worth it.
If you’re making $150k a year, there’s not a whole lot you can do besides the standard write-offs and having an S-corp for yourself.
But if you’re making over $600k, there’s a LOT you can do to save on taxes.
And he’ll show you the exact tax strategies you’re missing out on during your call.
So if that floats your boat…
I highly suggest you snap up one of these sessions with him.
Last I checked, he has 4-5 openings in August for these calls.
So I’d grab one while you can.
All ya gotta do is head over to his Calendly page and book a time with him and then make your payment on the next page.
Here’s the link to do that…
-> Book a tax strategy session w/Jeff
– Justin
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