If you follow me on Instagram or Facebook, you might have caught my post on this yesterday (1/15/19). I have a lot more space here to expand on the post, so I’ll dig a little into the weeds. Let’s face it, the tax code is enormous and confusing. Even tax professionals are constantly learning something new. As taxpaying citizens, we don’t want to pay more tax than we should. So, sometimes we’ll hear someone (usually not a tax professional) give us some advice that sounds good and we run with it. Here are the top 3 Tax Myths I’ve heard recently: 1) Even if I have the cash, I shouldn’t pay off my mortgage so I can maximize my tax return. Truth: Math doesn’t lie. If you can pay off your house you should. For example, if you pay $10k in mortgage interest and your tax bracket is 24%, you’d save $2,400 in taxes. That’s still $7,600 that’s gone out of your pocket. There’ve also been some significant changes to the standard/itemized deductions in 2018.
Let Clint help you succeed in business by providing the accounting support you need. Whether you have a new or established business, he can help streamline your processes. He will set up an accounting system that works for you. That means he can either set up a system that you maintain or he can provide ongoing bookkeeping/accounting and payroll services.
Preparing your own income tax return can be a task that leaves you with more questions than answers. Tax law is complex, even with the new tax reform, and it is too easy to overlook deductions and credits to which you are entitled. Planning is the key to successfully and legally reducing your tax liability. Clint goes beyond tax compliance and proactively recommends tax saving strategies to maximize your after-tax income.
Small business tax strategy preparation and planning are core services offered to clients. Whether your company is a C corporation, S Corp, Limited Liability Company, Partnership or Sole Proprietorship, a properly prepared tax return can be filed to minimize the tax owed. Clint talks strategy so that you, the business owner, are in the best tax position possible.
Starting a business is exciting and challenging. Clint wants to help you get started in the right direction. Whether its cash flow projections, comprehensive business plans, or simply being a sounding board, Clint is here to help.
Personal Finance Coaching
Clint has taught Dave Ramsey’s Financial Peace University several times and was previously selected as an Endorsed Local Provider by the Ramsey Group. He wants to see people win with money and provides one-on-one coaching to help set-up a financial plan for individuals and families.
Fraud Examination and Business Litigation: Clint brings his experience in accounting and law enforcement to provide unparalleled forensic accounting services for partner/ownership and trust disputes, potential fraud issues, and business interruption.
Trust/Fiduciary Accounting: Clint prepares the required accounting reports in the court required format and tax returns as needed.