Frequently Asked Questions (FAQs)Our Services
Wealth Strategy U
What services does ProVision provide?
We provide wealth and tax strategy services in addition to many other services, including U.S. tax return preparation. Our services extend to many different areas including estate planning, entity selection, maximizing deductions, asset protection (coordinated with your attorney), exit strategies, business planning and much more.
What is a wealth strategy and what is a tax strategy?
A wealth strategy is a systematic plan of action to build permanent wealth. It is customized to your needs and your goals. A tax strategy is a systematic plan of action to permanently reduce your taxes, also customized to your specific situation. The most successful wealth strategies include a tax strategy so tax savings can be leveraged into tax-free wealth.
How soon can I get started with services?
The first step is to participate in our free consultation to determine how our services can best help you with your needs and goals. After your consultation, you can engage us immediately for services. The first meeting with your ProVision strategist is typically 3-4 weeks after you engage us as there are items we request you do before your first meeting. And, time is needed to review your file to best match you with one of our strategists. Your assigned ProVision strategist then requires time to review your file before your first meeting.
Does ProVision provide international services?
Yes, we have clients in over 15 countries. Our international services include wealth strategy services as well as coordinating the U.S. portion of your international tax strategy.
Does ProVision provide tax return preparation services?
Yes, we provide U.S. tax return preparation services. Our goal is to legally minimize your taxes based on your specific facts and circumstances. In order to do this, we must do more than just tax return preparation. For this reason, it is our policy to only prepare tax returns for those who have completed tax strategy services with us or will be completing tax strategy services with us.
What is Tom Wheelwright’s role with ProVision?
Tom is the founder and CEO of ProVision and actively involved in leadership and training activities. All ProVision strategists are trained by Tom to deliver wealth and tax strategy services. Tom also provides training on the latest tax law changes as well as updates on various other aspects that impact wealth and tax strategies.
What are ProVision’s fees?
Our fees vary depending upon your needs and the specific services we deliver. Please participate in our free consultation so we can determine the services that best match your needs and goals.
How does ProVision work with my attorney?
We make our recommendations and with your authorization we will discuss them with your attorney. We strongly recommend having your attorney involved in your tax strategy.
Can ProVision refer me to tax advisors / CPAs in other states?
We have clients in all 50 states and are able to provide our services to you regardless of where
you are in the U.S.
Can ProVision refer me to tax advisors in other countries?
We do have contacts in other countries (not all countries). We are happy to share that information with you. When we share this information, it is your responsibility to learn more about the contact and the services offered. We recommend you do your own due diligence to make sure this is a good fit for your team. Please complete a contact us form to request this information.
Does ProVision provide bookkeeping services?
We suggest outsourcing your bookkeeping to a professional bookkeeper. In some cases, if the activity of your business or investing is simple, then you can do it yourself. We offer online courses to guide you in your bookkeeping:
Recommended Online Courses:
- Basics of Bookkeeping (STS 14)
- Basics of Bookkeeping with QuickBooks (STS 15)
For clients who have been through our strategy services, we offer a service to look at your bookkeeping on a regular basis to make sure it is on track with your tax and / or wealth strategy.
Does ProVision provide payroll services?
We suggest hiring a payroll service (such as Paychex, ADP or CompuPay) for your payroll needs. Payroll services are very inexpensive and well worth it to make sure it gets done correctly.
Does ProVision offer assistance with investing in tax liens?
We do not offer any investment advisory services. We suggest participating in our free consultation so we can assess your needs and goals in order to provide recommendations to someone who can help you with these specific items.
Does ProVision offer investment advice or make investments for me?
We do not offer any investment advisory services. We suggest participating in our free consultation so we can assess your needs and goals and refer you to someone who can help you with these specific items.
If ProVision doesn’t offer investment advisory services, then how does ProVision help
me with my wealth strategy?
ProVision works with you to create your wealth strategy. Creating your wealth strategy is the
first step in identifying investment criteria that fits with your goals. A wealth strategy provides a
system that answers the question “Is XYZ a good investment for me?” In addition, creating your
wealth strategy includes identifying others you will need on your team, including those with specific investment expertise or specific licensing.
What’s the difference between ProVision’s products and ProVision’s services?
Our products include online courses on specific topics that are key in a wealth and / or tax
strategy. Our products also include monthly subscriptions with direct access to ask Tom your questions.
Our products provide the educational foundation to build your wealth and /or tax strategy. Our products are included in all of our strategy services. The specific products included depend on the service. Our services build on the foundation provided in our products and provide one-on-one attention to your strategy from a ProVision strategist.
For more information on our online courses and subscriptions, visit Wealth Strategy U. Wealth Strategy U is ProVision’s online financial education resource.
Where can I purchase ProVision’s products?
All of our products, including online courses and subscriptions, are available at WealthStrategyU.com. Wealth Strategy U is ProVision’s online financial education resource.
Why does ProVision offer a free consultation?
Our goal is to help you identify your path to your financial freedom. Your situation is unique. Our free consultation is designed to help you determine what next steps to take. That may include our services, our products or referrals to others you need on your team.
What if I just need one question answered?
Wealth and tax questions are often more complex than they seem. For example, what entity should I use for my business or investing? Or, is XYZ a good investment? While these questions seem simple on the surface, they can have a huge impact on your overall strategy – one that can be difficult and costly to undue. For this reason, it is our policy to not answer one-off questions until we have a better understanding of your whole picture. Providing a generic answer can be detrimental to any situation. We want to gain a better understanding of the whole picture.
Who conducts the consultation?
The consultation is with one of our wealth consultants. Our wealth consultants are trained by Tom Wheelwright to help identify the best path to achieve your goals.
Will I get my specific tax or wealth questions answered during the consultation?
Our wealth consultants are not CPAs and do not provide tax or investment advice. For this reason, our wealth consultants are unable to answer specific tax or investment questions. Our consultants help you identify the best path to achieve your goals.
How quickly can I schedule my consultation?
We schedule and set aside a specific time devoted to only you so we can completely focus on your situation. Consultations are scheduled as requests come in so it is best to schedule your consultation as soon as possible as our wealth consultants’ calendars tend to fill up quickly.
What consultation times are available?
Consultations are scheduled Monday through Friday between 9 AM and 5 PM MST (U.S. time zones). If you are unable to meet during these times, please let us know and we will do our best to accommodate your needs.
Why is it required that I complete the ProVision organizer?
In order to gain a better understanding of your questions and address your goals in the most efficient manner possible, it’s important that we understand your specific situation. The information requested of you is extremely important and helps us determine where you are and how we can best answer and fulfill your needs. The organizer provides us with this key information.
Why do I need to provide my U.S. tax returns?
Your most recent U.S. tax returns provide us with information to help us assess your tax situation and identify possible opportunities.
When do I need to provide my completed ProVision organizer and U.S. tax returns?
Your documents must be received 1 business day prior to your scheduled consultation.
How will I know that the documents I send ProVision are secure?
You can fax your information to our secure fax line at 480.467.4444. If you email your documents, we highly recommend password protecting your documents and providing your password to us separate from the email with your documents. It is also an option to upload your documents to us via a secure interface when completing your organizer online.
How long does the consultation last?
The consultation is 30 minutes and may last up to 40 minutes.
What happens after the consultation?
Depending on what is discussed during your consultation, your wealth consultant may discuss specific steps with you or there may be a follow up consultation scheduled with your wealth consultant.
Where do I find my online account?
Our online accounts are all hosted on Wealth Strategy U. Wealth Strategy U is ProVision’s online financial education resource. Click here to login
How do I get an online account?
When you purchase a product or service, or subscribe to our free subscription (Articles by Tom), an online account is automatically created for you.
I’ve forgotten my password, how can I login?
Go to the login screen and click “Lost your password?” You’ll receive an email with your password.
How do I know if I have an online account?
Try to retrieve your password (see above FAQ). If you get a message that the login name (your email address) is not registered, then you do not have an online account. If you use multiple email addresses, try this with each email address.
Wealth Strategy U
What is Wealth Strategy U?
Wealth Strategy U is ProVision’s online financial educational resource. It’s the only place online where you can access all of ProVision’s and Tom Wheelwright’s educational resources – articles, online courses, live sessions with Tom and you can ask Tom your question online 24/7.
When it comes to wealth, what you create is a function of what you know. That’s why we place so much emphasis on financial education and created a one-stop place for it: Wealth Strategy U.
What does Wealth Strategy U offer?
Wealth Strategy U offers several subscriptions and online courses, including: