tax advisors

What’s in store for business and investments in 2008? My typical answer, of course, is It Depends.

We have an election year and so I don’t expect any drastic moves in 2008. Most likely, we’ll have another last minute AMT patch, just like 2007. Once we have the election behind us, I think we’ll start to see some dramatic changes. Here are my top 3 things to do to be best prepared for tax law changes:

Now that I’m doing tax strategies and we’re advertising DKAffiliated, we’re getting a LOT of interest from you. It seems that we’ve received at least one email from every part of the country saying, more or less, the same thing: “I can’t find anyone in my area who understands my business and/or investments. Can you help?”

The most successful business owners and investors I know use “outside the box” thinking. That’s what we do at Tax Loopholes and DKAffiliated™ (CPA services). We disclose tax saving strategies you can use right now to put more money in your pocket. The part that is “outside the box” is how we work with our clients to create amazing results in the quickest way possible. In fact, people that meet with me are saving an average of almost $30,000 per year — after just one meeting. It’s often not big changes, but lots of little ones, done in the right way so you have a legal and efficient strategy that makes all the difference.

How do you know if you, or your advisors, are using Outside the Box Tax Thinking? First, see how they measure up when it comes to these three strategies.

Does Your Tax Advisor Think Outside the Box?

There’s nothing like misunderstanding tax loopholes to ruin a perfectly good day … or a perfectly good tax strategy! But it happens all the time, usually at a cost to the taxpayer in question. For example, I had a client recently whose misunderstanding wound up tacking another $25,000 onto her tax bill!

As the law sits right now, 23 million more Americans will be subject to AMT. Basically anyone making over about $45,000 will have the issue. That’s because one of the “patches” expires this year.

I just got a couple of complaints that I buried the announcement that I was taking on a few new clients for personalized tax strategies.

It’s been said that the three most costly words in the English language are “Do It Yourself.” Sometimes it can be downright dangerous – like in the case of brain surgery, which I’m not even sure would be a possible do it yourself project.

Do It Yourself … or Disaster?

Two weeks ago, I did a two line mention about our new DKAffiliated program of CPAs. We got flooded with requests to work with these CPAs who had trained with me. The interesting thing, though, is that I’m hearing the same questions, comments, and requests that I heard 25 years ago.

Evolve or …

A few months back I wrote an article talking about CPAs, and how it could sometimes be really hard to find a good, knowledgeable CPA with a background in business and real estate and a talent for creative tax strategies.