Mar 13, 2020
Earlier this week I had the opportunity to host a
Private Training with a friend and partner named Scott Estill, who
is a sought-after Speaker, Author and Lawyer specializing
in Tax Reduction strategies. He has written several books and
until 1995, he was a Senior Trial Attorney with the IRS.
But, he left the IRS to help personal and business owners get
the “edge” on the IRS by saving thousands on their tax
returns. He has sued the IRS over 2500 times and had massive
success for his clients.
He doesn’t accept personal clients any more but was
willing to do an extensive training to cover some major principles
and strategies that I know can help you you personally or with your
business. I will link that interview in this, and I think it
can help you a bunch…especially with all the recent changes in the
tax laws.
But today I wanted to share just a couple of key
take aways in hopes it will draw some awareness to the need for
thinking more strategically about your taxes.
Most importantly, I
want you to realize that Reducing your Taxes is
the Safest, Simplest Fastest way to put money
in your pocket and increase your
wealth.
Here are a few key things to know if you’d like
to start saving thousands on your taxes:
-
There is a difference between Tax Planning & Tax Preparation.
-
Learning to “Think Differently” when it comes to Tax Planning & Preparation is important.
-
The Number 1 way to Save money on your taxes is to Start a Business.
-
Businesses have far more deductions, benefits, and tax advantages than individuals.
-
Don’t let the fear of being Audited keep you from making decisions on how to file your return.
-
A very small percentage of People and Businesses get audited and there are certain triggers you can become aware of that increase your risk.
-
Asking the Right Questions is more important than getting a Specific Answer to a Tax Question.
I would encourage you to click on the link included in
this to listen to the details, questions and responses that
Scott covers in our interview. I’ll also try to link in a few
other discussions he has done on taxes including the changes to the
2019 Tax Laws and how it will affect you personally.
But, I really want to emphasize
the importance of spending time and developing strategies to
make better decisions around your personal and business taxes.
When you are strategic about your taxes, you can
significantly increase your chances of
building wealth. And, most importantly,
you can put a bunch of money back in your pockets.
I want to also encourage you to attend one
of our 3-day Asset Protection and Wealth Summits that I do 4 times
per year across the country. You can find information on
my website. I will always allow the Daily Mastermind
Community to attend this event for free. Its a $997
value and I know it will help you Protect Your Assets, Reduce
Your Taxes, and Finalize any Estate Planning needs you have,
so take advantage of it if you can.
One final thought, please try to include your Wealth
and Estate planning into your Daily Rituals. What you focus
on grows and you cannot build true wealth unless you
think about it more often.
Have a great day and
remember…
It's never too late
to start living the life you were meant to
live.
George Wright III
Click
Here for Scott Estill Webinar
Click Here for FREE
Daily Mastermind Mobile App Access