What is a tax strategy?
Taxes are the number one expense of any business or investor and a ProVision Tax Strategy ensures you are paying the least amount of tax allowable by law, regardless of your business or investment situation.
We begin by identifying your business, personal and other financial goals. Then we carefully analyze your current business and investments to uncover deductions and other permanent tax saving opportunities.
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.
More than Tax Returns
More than Tax Planning
It's a Plan of Action
What does 10-40% Tax Reduction Look Like?**
Use your taxable income from last years tax return to find a range of possible savings in the graph below.
|Taxable Income||Annual Reduction||5 Years of Savings|
|$300,000||$9,810- $39,239||$49,049- $196,197|
|$500,000||$17,654- $70,618||$88,272- $353,088|
|$700,000||$26,434- $105,736||$132,170- $528,680|
|$1,000,000||$39,603- $158,414||$198,017- $792,068|
|$3,000,000||$119,383- $477,530||$596,913- $2,387,652|
|$5,000,000||$201,987- $807,947||$1,009,933- 4,039,734|
Nothing contained herein should be construed as a guarantee of ProVision Services
Real Experiences from Real Clients
Phases of a Strategy
1. Find an Advisor
Evaluation of your current tax strategy and a new understanding of how to find the right advisor for you, even if it’s not us.
Creation of a custom strategy and action plan to accelerate your path to financial freedom.
Coordination between your team of advisors to execute your strategy and achieve your vision.
Preparing tax returns, developing reports to show the progress of your strategy and identifying any needed changes.
Confidence that your team is prepared to defend your tax strategy against the tax enforcement service of your country(s).
Tax Strategy Design
If you want to change your tax, you must change your facts. Your strategy begins with identifying your current facts.
The goals you have for your business and investments shape your future facts. These facts heavily influence your tax strategy.
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.
Identify deductions you are not claiming but could be claiming. Pinpoint how to properly claim and document business and investment expenses.
Entity Tax Benefits
Understand how to use your existing and new entities in your day-to-day operations to maximize and protect your tax benefits.
Implementing your Strategy
Having a great plan is only part of the story. In order for your strategy to start benefiting you, it must be implemented.
For your convenience we have two option to help you accomplish this.
We Lead & You Consult
To expedite the benefits of a new strategy, many of our clients ask us to spearhead the implementation process. We will coordinate with your team members to get your strategy implemented as quickly and hassle free as possible.
You Lead & We Consult
On occasion, our clients want to take a more active role in the implementation of their strategy. For that reason we can offer consulting as needed, should you run into any tough questions during your implementation.
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
Etate Tax Planning
Multi-state Tax Strategy
Resources for Success
When it comes to wealth, what you create is a function of what you know and for many clients, understanding the details is key to long-term success. Which is why you’ll have access to select online courses, articles and invitations to join live sessions with our CEO Tom Wheelwright. Ask your personal tax and or wealth questions, in addition to hearing those of other entrepreneurs and investors.