Ep#2: Advanced Tax Strategies for High-Net-Worth Business Owners

Are you a high-net-worth business owner looking to optimize your wealth preservation and minimize tax liabilities? Navigating the complexities of taxes requires more than just basic knowledge; advanced tax strategies are essential. This course provides a comprehensive approach, incorporating various sophisticated techniques tailored to your financial situation. In this course, discover how Family Limited Partnerships (FLPs) are pillars for asset protection and tax efficiency, enabling strategic estate planning and seamless asset transfer. Learn about Charitable Remainder Trusts (CRTs) and how they can provide income, reduce taxes, and support philanthropic goals. Delve into advanced retirement planning strategies, including Defined Benefit Plans, to maximize tax advantages and secure long-term financial stability. Understand the concept of Fee Simple Ownership and its benefits for property control and tax implications. Explore the formation and benefits of Captive Insurance Companies for risk management and tax planning. Gain insights into strategic financing methods, such as Charitable Gift Financing and Equipment Lease Financing, to preserve cash flow and enhance tax efficiency. Learn about the advantages of establishing a Charitable LLC and how it differs from traditional charitable structures. Major Topics Covered: Identify top tax strategies Knowing when to recognize a strategy may apply, and eligibility criteria Pricing the engagements How to get more help and deep dive into education Utilize course materials provided by TaxPlanIQ to enhance your general knowledge This CE Course is part 2 of The Tax Advisor’s Technical Toolkit: Monthly Series for Success. It is a comprehensive program designed to equip new or experienced tax advisors with the knowledge and tools to excel in their practice. Presented by award-winning strategist Jackie Meyer, this series covers various topics, from foundational tax principles to advanced planning techniques. By the end of this course, you will have the confidence and expertise to improve client outcomes and take your practice to the next level.