How Anthony Saved Over $44,000 in Taxes

I met Anthony around the beginning of last year. He is a high earner who has his own business and invests in real estate. His business was doing extremely well and growing at a rapid pace.

Anthony was referred to me because he expressed to a friend how he was paying a large amount in taxes, doing everything on his own, and wasn't sure what to do about it.

During our consultation, I discovered Anthony was using QuickBooks, but didn't understand tax and accounting. He had no clue about the complex tax laws, was paying significantly higher taxes, and was potentially setting himself up for failure in case of an audit.

He said he wanted to work with someone who could lower his taxes legally, provide efficient tax planning, and maximize his tax savings to provide additional financial security within his business and overall goals.

The thing is Anthony thought he was doing everything correctly until those tax bills were equivalent to the price of a small house.

The first thing we did was clean up the books. If your books are incorrect, your taxes will be as well.

We worked with Anthony throughout the year. He asked questions before he made purchases and decisions to understand how it would impact his taxes. We reviewed his numbers, restructured his business, put a plan in place, and ultimately reduced his taxes by over $44,000. His estimated tax payment was $3,700, and he will pay little to no taxes when we file by April 15th.

Anthony no longer fears being audited, or unforeseen tax penalties and bills. He has peace of mind knowing his business and taxes are being managed efficiently, maximizing deductions and strategies, and guidance to help him make informed decisions. The return on his investment in a Tax Strategist was well worth the investment.

Karitsa Kerns is an Enrolled Agent and Tax Strategist who specializes in reducing tax liabilities through proactive tax planning tailored for each unique individual. As an Enrolled Agent licensed through the Internal Revenue Service, Karitsa can represent taxpayers in all 50 states. As the owner of KNK Tax and Accounting Services, she provides services ranging from Tax Advisory, Fractional CFO, Tax Planning, Tax Preparation, and Tax Resolution.

?If you are a H.E.N.R.Y (High Earner, Not Rich Yet), working with an expert who specializes in Tax Strategy makes all the difference in your bank account. At KNK Tax and Accounting Services we provide quality services, and educate our clients to contribute to the success of their business. Please visit us at knktaxaccounting.com for more information or to schedule a consultation.