Is Tax Planning Expensive? Here’s the Truth
“Did you know that 99% of business owners are overpaying thousands—sometimes hundreds of thousands—in taxes every single year? It’s frustrating, but it doesn’t have to be that way.”
In this video, I’m going to show you how a tax reduction strategist can cut your taxes and increase your cash flow—starting today, not 10 years from now. And I’ll share exactly what to look for when building a tax plan that actually works.
My name is Ed Lloyd with Ed Lloyd & Associates. I’m a CPA and Certified Tax Strategist, and for over 20 years, my team and I have helped businesses across the United States rescue millions of dollars in wasted tax payments every single year.
By the way, if you’re interested in seeing how much we can save you this year, click the link below to schedule a call with my team. Just 30 minutes could save you $100,000—or more—in taxes.
What Makes Tax Planning Worth It?
One question I hear all the time is: “How much is tax reduction planning and is it really worth it?”
A lot of people have tried “tax planning” before, and… it didn’t work out. They thought they were making a smart investment, but it turned into a waste of time and money.
Here’s the key: Tax planning isn’t a one-size-fits-all solution. It’s a process of customizing strategies to not only cut your taxes but also grow your cash flow—right now.
Unfortunately, many business owners we work with have been burned by generic programs in the past. That’s why they’re cautious. That’s also why we’re here: to make sure you understand what real tax planning should look like.
The Problem with Overpaying Taxes
Let me explain this with a quick story.
One of our business owner clients was thrilled when we saved him $98,000 in taxes in his first year with us. But the next year? That’s when things got really interesting.
He had an amazing year, and his tax bill came in at $974,000. Yes, almost seven figures.
Now, this isn’t a case of “copy and paste last year’s plan.” No. We started fresh and designed a brand-new strategy for him.
We began with core tax reduction tactics you might expect, like maximizing business expenses, depreciation, using the Augusta Rule, and accountability plans. Those helped—but not enough. So we turned to advanced strategies, including:
- Income shifting,
- Structured investments,
- Software investments,
- SALT tax rescue, and more.
By the time we were done? His $964,000 tax bill was slashed to just $83,000.
This is the power of a tailored tax reduction strategy.
Why Tax Planning Is More Than Cutting Costs
Here’s something most people don’t realize: The tax code is essentially a giant incentive system. It’s designed by the government to reward taxpayers who align with their goals—like creating jobs, investing in certain industries, or supporting the economy.
The problem is, if you don’t understand how to leverage these incentives, it can cost you a fortune.
At Ed Lloyd & Associates, we use the ELA Tax Reduction Method, which focuses on nine key areas of tax savings, including:
- Federal and state tax credits,
- Entity choice and income shifting,
- Missed deductions,
- Retirement planning,
- Insurance strategies,
- The Tax Cuts and Jobs Act,
- Niche tax strategies,
- And even incentives in the Inflation Reduction Act.
By focusing on these incentives, we not only cut your taxes but also increase your assets. It’s a win-win.
Time to Take Action
Here’s the bottom line: The tax code isn’t here to make your life harder. It’s here to incentivize smart decisions. If you know how to use it, you can keep more of your money, grow your business, and even make an impact on your community.
If this feels like a lot to take in, don’t worry—I’m here to help.
Schedule a call today and we will see how much taxes we can rescue for you.
Don’t forget to subscribe to my You Tube channel, where I break down strategies like this every week. It’s free, it’s actionable, and it’s designed to help you save big. If you need help today, schedule a call at the link below.
Don’t leave money on the table.
Take control of your taxes, invest in your future, and start using the tax code the way it was meant to be used.
Thanks for watching, and I’ll see you in the next one!
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