Do you pay too much tax? As a successful real estate agent you likely have a marketing plan and even a business plan that you prepare for every year. But taxes are of your biggest expenses? Why not have a tax plan! Many of you have a coach to help you in your real estate business, so why not a tax coach.
Tax coaching is about giving you a plan for minimizing your taxes. What should you do? When should you do it? How you should do it? Tax planning gives you two more powerful advantages. First, it is the key to your financial defenses. As a taxpayer, you have two ways to put more cash in your pocket. Financial offense is making more. Financial defense is spending less. For you, taxes will be one of your biggest expenses. So it makes sense to focus your financial defense where you spend the most
My name is Bill Zumwalt. I’m a tax guy, and I specialize in working with real estate agents just like you. (In fact, I'm the only accountant in town who belongs to the Greater Tulsa Assocation of REALTORS, Oklahoma Association of REALTORS, Oklahoma Chapter of CRS and RPAC. I've even attended CE classes to better understand your business!)
But I don't just file tax returns. I give you a plan to keep the most of your commissions allowed by law.
Ask yourself this:
When was the last time your tax preparer came to you and said
"here's an idea I think will save you money"?
If the answer is "never," we need to meet!
Most tax preparers just record history -- the history you give them. They don't give you the simple, bullet-proof concepts and strategies that cut your tax to the absolute bone:
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Is there a "secret" to beating the IRS -- legally?
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Should you incorporate your business to minimize self-employment tax?
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Should you hire your children or grandchildren to shift income to pay for their private and parochial schools, sleepaway summer camps, and college educations?
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Can you establish a Medical Expense Reimbursement Plan to write off qualifying family medical bills as real estate expenses?
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Are you maximizing deductions for meals and entertainment?
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How can you make sure to qualify for home office deductions -- and should you be afraid to claim them?
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Should you claim the mileage allowance or actual expenses to make the most of car and truck expenses?
Is your tax preparer answering these questions?
If not, call me at 918.583.1040 or 888-773-9323 for your free "1040 Appraisal." I'll find the mistakes and missed opportunities that can cost you thousands, and show you how to plan to stop the bleeding.
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