I owe how much in taxes? I could feel the horror on the other end of the phone after they learned they owned hundreds of thousands more in taxes. The only way to avoid these situations is with proactive tax planning. Proactive tax planning is the actions we take over the course of the year to avoid any surprises when implementing tax planning strategies for business owners. In this blog, we are going to give you a roadmap for proactive tax planning. Proactive Tax Planning I l

Every April I get the same phone call. "Luke, you aren't going to believe what my CPA just told me I am going to owe in taxes." It is like deja vu every year. If this is you read every word of this blog. As specialists in wealth management for business owners, we have found tax planning for business owners to be the single biggest win for our clients. In this blog, we are going to give you a behind-the-scenes look at our tax planning strategies and implementation for busi

The excitement turned to sheer horror when I realized what I was going to be paying in taxes. Let me take you back. I had just signed my first professional contract and my mom sat me down to talk through taxes. You see my mom had an accounting background so she was quick to point out that taxes mattered. She showed me how more than 40% of my signing bonus would be heading to Uncle Sam. As a professional athlete, taxes are your largest lifetime expense. The good news is with p