The professional landscape is filled with CPAs, Enrolled Agents, Accountants, and Tax Preparers whose primary focus is helping you accurately report your past financial activity in a way that is compliant with GAAP to both federal and state agencies. What they are doing is documenting history—ensuring the correct figures from transactions that have already happened are reported in a timely manner. Proper accounting is a much-needed service provided by highly-skilled professionals with a lot of responsibility. However, this is merely tax reporting, not tax planning.
The primary reason why many accountants focus on reporting rather than proactive future tax planning is that they already have a full schedule just keeping up with changes in the tax code, compliance, audits, and filing. They simply don’t have the time to delve deeper and study the myriad of strategies within the 75,000+ pages of the Internal Revenue Code.
The late Supreme Court Justice William H. Rehnquist stated, “There is nothing improper about arranging one’s affairs to avoid taxation. The Internal Revenue Code allows for that.” Yet, many high-income earners find themselves overpaying taxes unnecessarily each year. They don’t want to, they’re not happy about it, but they simply have not been able to find the information and advice needed about advanced strategies to significantly reduce their tax burden. That’s where Matthew James TAX PROS comes in; pro-active planning and tax minimization is what we do.
As tax burdens have increased, combined with the effects of high inflation, more and more business owners, highly comp’d C-Suite executives, engineers, physicians, and other high-wage professionals are realizing there must be something they’re missing. Most people know about the basics; things like deductible auto expenses, business travel, or conferences in international resorts, but still feel like there must be a better way. More and more people are questioning their CPAs about their tax burdens and the lack of proactive tax-saving strategies. They rightfully ask: What measures are being taken to ensure I receive all eligible tax breaks? When was the last time your CPA proposed a strategy backed by solid research that could help significantly reduce your tax burden?
Matthew James TAX PROS offers effective tax minimization planning. Combined with our knowledge of little known and seldom used IRS approved codes, we provide a comprehensive strategy for minimizing tax liabilities that is grounded in the tax code with thorough research conducted by seasoned tax professionals—not just for the present, but also with an eye toward future wealth transfer. This is why people choose us.
Our approach is centered on legally reducing taxes with strategies for both this year, and the years to come. We identify missed opportunities that could be costing clients thousands, tens of thousands, or even hundreds of thousands of dollars unnecessarily. We’ll conduct an analysis of your current business and income structure along with past tax reporting and align it with the tax code to develop a proactive plan. We’ll identify strategies you may be missing to demonstrate how funds can be reclaimed, and taxes can be minimized. Our services encompass advanced tax strategies, accounting, and financial planning, guiding clients on what actions to take, when, and how.
In short, the in-house team at Matthew James TAX PROS identifies diverse IRS tax strategies unique to your income types and business structure. We then select only those that have undergone rigorous scrutiny of the tax codes and are supported by robust research and present you with a strategy to minimize your tax reporting and optimize your future tax planning.
