“Avoid Business Growth Mistakes”by Andrew Miles, Esq.. Business Growth Mistake #3
A Lesson From Bill Gates!In 1988, when Microsoft was already becoming a very successful company, I saw this interview with Bill Gates. The interviewer asked him, “Mr. Gates what’s the single most important thing that has led to your business success?” I’m expecting Bill Gates to talk about creativity, future vision, working in the garage until 4 o’clock in the morning, perseverance, and that kind of thing. His answer stunned me! He attributed his business success to a strong working knowledge of the tax code i.e. optimized tax strategies. To give you an idea of how effective these legal tax strategies are, it is reported that Bill Gates pays a meager single digit figure in taxes! That’s 9% or less of his income that he pays in taxes -- Legally! The rich like Bill Gates have been using these tax slashing strategies for decades. The perception is you have to be rich to use these strategies. You Don’t Need to be Rich to Use these Strategies! Generally if you are earning $35,000 plus a year, you can cash in on huge tax savings by applying the legal tax saving strategies of the rich. At first glance, it may not seem worth the effort to implement these optimized tax strategies because some of them offer only very small tax savings. One strategy might save a couple thousand dollars a year; another, maybe only $500. You don’t get much wow from that! But like “small bills” they all add up fast to a big total! When you use 12 or 15 optimized tax strategies together… your total tax savings add up fast! My students often find they’ll total $15,000, $20,000, $40,000, or more in tax savings per year! This “found” money you could be using towards your marketing budget, the purchase of much needed new equipment, or to give yourself that much deserved raise! Stop throwing it away to the tax man!The exciting thing is once you put these strategies in place for your business… your tax savings continue year after year. Imagine what adding an extra $5,000 to $25,000+ a year to your bottom line would do for your business and your life! Now multiply these tax savings over 10, 15 or 25 years. We’re talking about $50,000 to $625,000 extra after tax dollars in your pocket! That’s the kind of money that can change your lifestyle! Unfortunately most entrepreneurs overpay their taxes by countless thousands because they simply don’t use the hundreds of tax strategies available to them. My Accountant Does This Stuff For Me Right?You may be shocked to hear this… but most accountants and CPA’s don’t know about optimized tax strategies either. To be fair, there are many excellent accountants and CPA’s. The majority however either don’t know about these tax saving strategies, or you are not giving them the information they need because they never ask you for it! Now that’s a costly oversight! One of my favorite examples is Steph, who became a student of my Millionaire Maker Mentoring Program about eight months ago. She had been running a successful business for some time. Steph was in her own right a successful businessperson. She was making about $50,000 a year and paying way more than she needed to legally be paying in taxes! She worked very closely with her accountant who is a great guy. A very knowledgeable guy, but he’s not a proactive tax-planning accountant. Well, Steph’s accountant and I spent about 15 minutes on the phone together and we went over three strategies. Each time I suggested a strategy that would save Steph money, I would ask him, “do you agree with this strategy”, Mr. CPA? And he would say, “Yeah!”, and I would say, “Can you help her incorporate this?”... and he would say, “Yes.” We created three simple strategies in 15 minutes, and by her CPA’s calculations we reduced her tax bill from about $12,000 a year to under a $1,000 a year. That’s a saving of $11,000 of after tax money in 15 minutes!
You Don’t Need to Become a Tax Expert!I should know… because with my Millionaire Maker Mentoring Program I've helped over 689 business owners over the past four years learn how to LEGALLY reduce their taxes by a minimum of $10,000 USD. Graduates also learned how to protect their assets from creditor claims and lawsuits using the strategies I mentioned in this report and countless others. If you are an American, earn a minimum of $35,000 a year and want to learn more about the Millionaire Maker Mentoring Program and how it can save you a minimum of $10,000 in taxes in the next year and want to bullet proof your assets click here now. The Save $10,000 in taxes Guarantee!The Millionaire Maker Mentoring Program comes with a 110% Guarantee you will save a minimum of $10,000 US Dollars or I’ll give you your money back plus 10%. Get all the details by clicking here. If you are not an American you can still benefit from the strategies I shared with you in avoiding the three biggest business growth mistakes. The strategies are universal. It’s now up to you to find the right information for your country on setting up separate legal entities and how your countries tax law applies to those entities.
To your success, Drew Miles
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"Just
One Tax Deduction Strategy Alone Saved Me Over $10,000"
"My C.P.A. even confirmed it!"
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