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Tax Independence

Let's be Tax Independent!

The United States Constitution was created to provide citizens with greater personal liberty and economic opportunity. This freedom, however, comes at a price - the responsibility of paying taxes. Taxes are not just one-time payments; they’re ongoing monthly or quarterly expenses that can be reduced through tax credits and deductions.

Tax Independence Day is a day for all Americans who are fed up with the high taxes in our country to celebrate. It’s not just about avoiding income tax, but also minimizing lifetime taxes and finding solutions that will reduce your payments. Let us help you make this Tax Independence Day special with these tips!
 

Join us for an in-depth discussion on Thursday, July 22, 2021 at 10 am PT / 1 pm ET where we will cover:

  • The future of COVID-19 relief & benefits for 2021
  • Upcoming Long-Term Capital Gains Tax Rate Changes
  • Comparing Biden Tax Proposal to existing laws
  • New Ordinary Income Tax Brackets
    (Hint: They May Go Up)
  • How to Handle Tax Laws Change with Your Business

Get the latest on what you need to know from a nationally recognized small tax expert:

Minal Babaria, CPA, CTC, CTP, CCA

Webinar Registration Form

FEATURED CASE STUDIES

It’s true: Good quality is cheap, it’s poor quality that is expensive.

  • A client applied for PPP forgiveness for a $147K loan with the "free" help of the bank & 100% of the loan was forgiven.
  • While working on tax planning, we uncovered additional ERTC benefits that he was eligible for but couldn’t qualify due to how his PPP loan forgiveness was filed by the bank using 100% of payroll costs.  We worked with the bank and SBA to fix the forgiveness application. As a result, he received an additional tax credit of $91,888.

Lesson learned: Bank’s offer for FREE PPP Loan Forgiveness cost him $91,888 worth of tax refund. He paid his accountant about $3,700 per year to file his taxes. With our Tax Planning service, we helped him save another $43K in addition to $92K of tax credits above. Had he not hired our Expert Team he would have lost almost $135K in tax savings which otherwise was available to him.

"I'm fine, I have a CPA"

  • When I first talked to Aaron, he said, “I’m fine. I have a CPA.” Which was true.
  • But when we started working together, we discovered… His CPA was missing deductions & was doing no strategic tax planning, and as a result, Aaron was overpaying taxes by $69,780 per year! 🤯
  • Even worse, Aaron’s financial planner wasn’t planning and was on a different page from his CPA, creating disallowed capital losses on top of tax liability.

Aaron desperately needed some strategic planning. 💰 Over 5 years, we’ll save Aaron $349,350. 💰 If Aaron takes just half of that savings and invests it, he could have as much as $1,803,586 in additional retirement savings. If he invests all of the savings, he could create as much as $2,178,135 in additional retirement! 💰💰 Aaron could retire a little early with an additional $2M with our help. 

CFO: Proactive Partner

Samina Patel - her parents owns Three Hotel...The victim of the huge fraud by their hotel manager. Due to aging, the daughter took control of managing the business including the accounting & tax area. Had a bad experience with multiple Accountants & Tax Attorneys - almost lost faith in an accountant! Operated under wrong entity structure, filed a completely wrong set of tax returns, missed filing 1099 forms. Many expenses were missing on the tax returns Always seen parents paying $100K-$500K in taxes.
  • Evaluated the entire business structure and took action to correct erroneous filing.
  • This resulted in amending the tax return previously filed by an old accountant and they received a refund of $70K - the first time EVER in their HISTORY
  • Customized Tax Planning to ELIMINATE about $1M in capital gain tax completely upon sale of the hotel.

 

We pride ourselves in helping our clients save in taxes (2)
"I was familiar with Minal’s accurate, prompt work from a prior business. Their state-of-the-art payroll software makes all my reports available at any time. I chose KB Tax Deviser CPAs for all my accounting needs. I enjoy working with them. Minal is always positive and upbeat. She contacts me about new strategies that can save me time and money. I cannot keep up with payroll and income tax changes on my own; using KB Tax Deviser CPAs puts at least ten more hours in my month, freeing up my time to do what I am trained for and enjoy!" Jeannie Kreeger, Owner of Major Insurance Agency
"In comparison to other business advisory firms I have worked with, the quality and detail of service that KB Tax Devisers CPAs provides is unmatched. As an owner of a marketing agency, I wanted a firm that understands my core business, and I believe that I have found that in KB Tax Devisers CPAS. They offer ethical and knowledgeable advice to ensure money is invested back into my company’s growth, while offering forward-thinking tax strategies that looks out for the best interest of our company employees. From their full line of tax planning, accounting and preparation services, we are very pleased with their level of service and responsiveness and can unreservedly recommend KB Tax Devisers CPAS for your consideration. I look forward to growing our business with them for years to come." Courtney Kehl, President & Advisor of Expert Marketing Advisors
"Our previous CPA was always late with bookkeeping and filing. We had no idea of where our money went or how we could save on taxes. KB Tax Devisers is completely different. They provide quick, accurate service on bookkeeping, payroll processing, and taxes. Their recommendations educate us and save us money. Their online meetings save us time. We recommend them to all businesses who want professional, reliable CPAs." Poonam Mandaliya, Owner of Anjal LLC