Advanced Tax Planning for Exceptional Entrepreneurs
A conversation with our founder Brian Mueller, CPA
What Is Advanced Tax Planning?
Advanced tax planning is the proactive process of designing year-round tax strategies to legally minimize tax exposure, optimize cashflow, reduce audit risk, and build long-term wealth.
Rather than waiting until late in the year or even tax season, our approach involves conducting multiple meetings throughout our proprietary Tax Planning seasons where we develop customized plans and then focus on implementation and monitoring.
Why Is Tax Planning Important?
The cumulative impact of not conducting advanced tax planning will have a substantial impact on your cashflow today, the survival and/or expansion of your business tomorrow, and your ability to achieve proper wealth accumulation over an extended period.
Impact Today
Federal tax rates can reach 37% before considering additional state, franchise, property, and sales taxes that take total taxation, in some instances, to 60%. This means, after a business has paid all its expenses, including vendors and employees, there is an additional 60% impact on net profitably, and only then does the owner gets paid. Do you want to work for 40 cents on your hard-earned net profits?
Impact Tomorrow
Businesses need liquidity for growth, and as crucial, to face unprecedented events outside of the owner’s control. Illiquid businesses are often unable to survive an economic downturn or fail to capitalize on growth opportunities due to cashflow constraints. An optimal tax plan allows the owner to put the money back into the business for growth, while also building a personal liquidity cushion to pursue future business expansion or simply be ready for the unexpected.
Generational Impact
The compounding effect of optimized tax planning over a decade will undoubtedly represent a material portion of an entrepreneur’s net worth. If our average client saves $302,224 per year and conducts tax planning every year for a decade, then the client enjoys a cumulative $4,222,566 of additional cashflow (assumes 6% annual net ROI). This is money our clients simply wouldn’t have in the absence of tax planning. But that’s just the beginning:
When Should Tax Planning Start and End?
Tax planning should happen throughout the year, with a finalized plan fully delivered and executed before year-end.Tax planning never ends.
Every year will present new dynamics and different considerations as to how we craft a client’s customized tax plan. Even after the sale of a business, there are future, ongoing tax planning opportunities that our clients will deal with and pursue.
What Makes Mueller’s Advanced Tax Planning Different from Other Firms?
Our firm is built on a unique and dedicated advanced tax planning platform. We live and breathe planning. As a result, Mueller conducts an average of 150+ tax planning meetings annually. That’s almost one tax planning meeting every other day. Nine out of ten other firms make an occasional “tax planning” phone call in December, as our prospective clients like to share with us. The approach embraced by other firms is not tax planning, and it will never yield the results Mueller attains.
There Are Methods, Elements, and LEVELS to Tax Planning
At Mueller, we take a strategic approach rooted in years of tax litigation experience, advanced planning expertise, and complex tax structuring. We do what most firms can’t.Our process is built around a year-round exercise that involves three Elements, five Methods, and three Levels. Our three Elements of Tax Planning are:
Our five Methods embrace:
Level 1 —Permission to Play
Level 2 — Welcome to Our Playground
Level 3 — From Great to Unmatched
Are you ready to pay less tax?
Our advanced tax planning service will lead you to:
Schedule a confidential consultation to discuss your current structure, goals, and opportunities for proactive tax optimization.
