Whether tax season is upon you or you just want to be prepared for when it arrives, this book will help you as a high earner or a small business owner in the United States navigate the ever-changing ins and outs of the tax system with money-saving techniques.
If you have had a substantial income for very long, you know firsthand the pain that is produced every April. While the United States may frustrate many with its tax laws, there are several legal tax-saving opportunities.
As you read each chapter in this book, you will start strategizing, saving, and building your wealth. You will learn how tax preparation and tax planning are two entirely different things.
This isn't a typical tax book that explains the agonizing details of tax law or one that doles out instructions on tax returns. With chapters on business entities, the alternate minimum tax, Social Security taxes, changing professions, small business retirement plans, and more, this book will provide strategies, wisdom, and foresight as you work with your CPA or financial advisor.
About the Author: Beginning as an engineer, author Harak Gala, CPA, was perplexed by how many wealthy people paid a lower tax rate than most ordinary taxpayers and how some major corporations were paying nothing in taxes, despite earning millions of dollars in gross profit. These questions intrigued young Gala so much that he became a CPA, quickly discovering the folly in paying taxes without the proper planning.
Along with earning degrees in engineering, obtaining his master's, and becoming a CPA, Gala is a licensed financial advisor and has been helping others lower their taxes and build their wealth for over twenty-five years.
