We shouldn’t need to tell you much about the nuts and bolts of the new law — the lower tax rates, lower deductions, and new “qualified business income” rules for pass-through businesses. The news is already full of those discussions. Over the coming days and weeks, we’ll be putting together material explaining how the new bill could affect you.
But we’re going to do things a little different from everybody else. Most of those news outlets will be writing about how much you’re going to owe under the new law. And that’s important. But we’re going to focus our effort on how you can pay less. And in the end, that service is even more important. Most tax professionals do a perfectly good job of putting the “right” numbers in the “right” boxes on the “right” forms. But then they call it a day. Our real value comes from delivering the proactive concepts and strategies that most tax and financial advisors simply overlook.Continue reading →