Real Estate moguls Rob Rowsell and Jake Garcia explain a key millionaire tax strategy. Learn why that you should NEVER use cheap tax planning services like TurboTax or H&R Block if you want to grow your wealth.
Millionaire Tax Strategy: What Should You Look For In A Tax Strategist?
Rob continues Jake’s point that the wealthy need more advanced tax preparation than those with average incomes. Remember, the more complex your business situation is, the more complex your tax strategies need to be. Therefore, you want to employ a CPA who can act as your personal tax strategist and financial planner.
One key millionaire tax strategy is finding legal ways to reduce taxes. As Rob has said many times, money saved on taxes is an additional income stream. When searching for a new CPA, you want to look for one who understands this concept. They should also provide good advice on how you should invest those funds so they will return passive income to you going forward.
Remember, smart business owners always surround themselves with advisors who have more knowledge than they do. This is especially true with regards to their accountants and financial planners. Hire the right tax strategist, take their advice, and then watch your wealth compound!
Join Our Multifamily Investing Community Today
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community!
Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!