IRS Encourages Tax Avoidance
When I was in business school studying tax planning, the first page of a tax book read, “IRS encourages tax avoidance.” My classmates and I were tickled by that idea, because we thought the IRS wanted to collect as much tax as possible.
Boy, did we get educated about the depth and breadth of tax matters over the next few semesters! It was an eye-opening, wild ride.
Later, I worked for the Federal government, which gave me a view from the other side of the table — and a deeper understanding of why the IRS doesn’t necessarily want your money if you have better ways to use it.
These better ways are called tax avoidance — the legal use of various strategies to reduce tax. Large corporations and high earners use tax avoidance and benefit from it more than the average taxpayer, because they have ready access to experts and their expertise.
Fortunately, small business owners can use all these tax strategies, too. As a small business owner myself, I appreciate and benefit from them. I can better use my money to:
- Pay team members a premium and surround myself with the best talent
- Reinvest in my business and expand my impact in the community
- Increase profitability and maximize my business value
- Build financial security for my team members and myself
- Have the freedom to choose how, when, and with whom I share my expertise
Not only do I help my own business use tax avoidance strategies, I am also passionate about helping my clients do the same.
If you are feeling lost or overwhelmed about which tax avoidance strategies work best for you, it’s time to discuss and find your clear path.
Cheers to your financial security and freedom!