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OIL & GAS

Stop Drilling Profits into the IRS and start fueling growth
in your Oil & Gas business, by minimizing taxes.

Our tax analysis reveals how machine shop owners could
SAVE SEVEN FIGURES IN TAXES, even if they have a CPA.

OIL & GAS

Minimize tax liability.
Maximize wealth accumulation.

Our tax analysis reveals how machine shop owners could
SAVE SIX FIGURES IN TAXES,
even if they have a CPA.

Here's the hard truth about your income taxes...

  • Chances are, you’re paying a higher tax rate for your Oil & Gas business than the big corporations are.

  • Most small business CPAs handle year-end taxes but lack the know-how to unlock the full range of tax benefits for smaller oil & gas operators.

  • Some business owners attempt to cut their own tax bills but often hit roadblocks with the complex tax code and tight schedules.

Big companies turn to Specialty Tax Firms and savvy CPAs to cut taxes and boost profits. One of their secret weapons? R&D Tax Credits: a dollar-for-dollar tax break that can help you legally slash or eliminate Your business income taxes with R&D Credits.

Stop waiting for your CPA to share the tax-saving tricks the top 1% rely on.

Take our FREE Qualification Quiz
to see if your Oil & Gas business qualifies for R&D tax credits. No calls, no hassle. Just instant results!

Minimize liabilities. Maximize wealth.

Owner, Operator of Oil and Gas Company

Tax Savings Readiness

This tax analysis is for shop owners who are:

  • Prepared to seize command of their financial destiny…
  • Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
  • Eager to embrace empowerment through tailored strategies crafted with oil & gas professionals in focus
  • Desiring liberation from feelings of entrapment or stagnation
  • Primed to reclaim control and initiate a journey towards empowerment!

A married couple owns a successful Oil & Gas Industry machine shop.

• Machine shop has $15 million in annual revenue
• Business is registered as an LLC, in Louisiana
• Couple has 4 kids under the age of 18
• Couple’s taxable income is $4.5 million ________________________________
TAXES OWED: $1,899,546

Scroll for eight tax reduction strategies.

CASE STUDY: A MACHINE SHOP OWNER'S SCENARIO

CASE STUDY: A MACHINE SHOP OWNER'S SCENARIO

A married couple owns a successful Oil & Gas Industry machine shop.

• Machine shop has $15 million in annual revenue
• Business is registered as an LLC, in Louisiana
• Couple has 4 kids under the age of 18
• Couple’s taxable income is $4.5 million
__________________________
TAXES OWED: $1,899,546

scroll for eight Tax Reduction Strategies...

TAX SAVINGS STRATEGIES

STRATEGY #1

$688,500

Savings in self-employment tax

Schedule C to S Corp

Federal Tax Savings:  $245,745
State Tax Savings:  $29,261

  • Eliminates $4.5 million in profits from being subject to the 15.3% Self-Employment Tax.
  • Taxpayer will take a reasonable salary of $700,000.

STRATEGY #2

$550,000

Tax-deferred investment

Defined Benefit Plan

Federal Tax Savings:  $203,500
State Tax Savings:  $23,375

  • Retirement plan with a contribution of $275,000 into a defined benefit plan.

STRATEGY #1

$688,500

Savings in self-employment tax

Schedule C to S Corp

Federal Tax Savings:  $254,745
State Tax Savings:  $29,261

  • Eliminates $4.5 million in profits from being subject to the 15.3% Self-Employment Tax.
  • Taxpayer will take a reasonable salary of $700,000.

STRATEGY #2

$550,000

Tax-deferred investment

Defined Benefit Plan

Federal Tax Savings:  $203,500 State Tax Savings:  $23,375

  • Retirement plan with a contribution of $275,000 into a defined benefit plan. 

STRATEGY #3

$58,400

Deduction

Paying the Kids

Federal Tax Savings:  $21,608
State Tax Savings:  $2,482

  • Each of the four children will be paid a yearly salary of $14,600.

STRATEGY #4

$70,000

Deduction

Private Rental Strategy

Federal Tax Savings:  $25,900
State Tax Savings: $2,975

  • Private rental tax-free reimbursement.

STRATEGY #3

$58,400

Deduction

Paying the Kids

Federal Tax Savings:  $21,608
State Tax Savings:
$2,482

  • Each child will be paid yearly salary of $14,600.
  • Individual standard deduction is $14,600; they will receive the salary tax-free.
  • Preferred Option: Contribution into Roth of $7,000.

STRATEGY #4

$70,000

Deduction

Private Rental Strategy

Federal Tax Savings:  $25,900
State Tax Savings:
$2,975

  • Private rental tax-free reimbursement. 

The Matthew James Tax Pros Approach:
IDENTIFY TAX DEDUCTIONS DISCOVER LEGAL ENTITY STRUCTURES UNCOVER UNKNOWN STRATEGIES HARNESS EXCLUSIVE TAX PLAN

Machine Shop Owner's

Tax Savings Readiness

This tax analysis is for shop owners who are:

  • Prepared to seize command of their financial destiny…
  • Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
  • Eager to embrace empowerment through tailored strategies crafted with oil & gas professionals in focus
  • Desiring liberation from feelings of entrapment or stagnation
  • Primed to reclaim control and initiate a journey towards empowerment!

Minimize liabilities. Maximize wealth.

STRATEGY #5

AUTO
EXPENSE

$148,000

Deduction

Federal Tax Savings: $54,760
State Tax Savings: $6,290

Owner/operator purchased $185,000 luxury SUV for business, during the Tax Year.

80% of vehicle can be written off.

STRATEGY #6

INVESTMENT PROPERTY

$2,500,000

Purchase price

Federal Tax Savings: $925,000 State Tax Savings: $106,250

92% deduction in year one,
on initial investment.

STRATEGY #7

ITEMIZED DEDUCTION

$500,000

Income reduction

5 : 1 Medical Donation [limited to 50% AGI]

$50,000 minimum contribution

Remainder carried forward

STRATEGY #8

BOARD OF
ADVISORS

$300,000

Income reduction

Federal Tax Savings: $111,000
State Tax Savings: $12,750

Strategic framework for involving family members in critical business and financial decisions

- TAXES OWED -

BEFORE
MATTHEW JAMES
TAX PROS

$1,899,546

WITH
MATTHEW JAMES
TAX PROS

$1,808,949 SAVED / 96% REDUCTION
$ 1899546

STRATEGY #5

$148,000

Deduction

AUTO
EXPENSE


Federal Tax Savings: $54,760
State Tax Savings: $6,290

Physician purchased luxury SUV for business, for $185,000 during the Tax Year. 80% of vehicle can be written off.

STRATEGY #6

$2,500,000

Purchase price

INVESTMENT
PROPERTY


Federal Tax Savings: $925,000
State Tax Savings: $106,250

Study applied to three separate properties.
Using Accelerated Depreciation.

STRATEGY #7

$500,000

Income reduction

ITEMIZED
DEDUCTION

5 : 1 Medical Donation
[limited to 50% AGI]

$50,000 minimum contribution
Remainder carried forward

STRATEGY #8

$300,000

Income reduction

BOARD OF
ADVISORS


Federal Tax Savings: $111,000
State Tax Savings: $12,750

Strategic framework for involving family members in critical business and financial decisions

TAXES OWED

BEFORE MATTHEW JAMES TAX PROS

$1,899,546

WITH MATTHEW JAMES
TAX PROS

$ 1899546

$1,808,949 Saved

96% Reduction

Ready for that type of tax reduction?

We thought so. Get started now:

Your business. Your money. Your future.

Whether you’re an Oil and Gas Business Owner, Physician, Social Media Influencer, Small Business Owner, Healthcare Contractor, Professional Athlete, Professional Racer, or highly compensated Executive…

OUR STRATEGIES PUT MONEY BACK IN YOUR WALLET.

Your business. Your money. Your future.

Whether you’re an Oil and Gas Business Owner, Physician, Social Media Influencer, Small Business Owner, Healthcare Contractor, Professional Athlete, Professional Racer, or highly compensated Executive…

OUR STRATEGIES PUT MONEY
BACK IN YOUR WALLET.

BUSINESS TAX ANALYSIS

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Matthew James Tax Pros.

Stop overpaying taxes today.

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