Start planning for next year today
If you’re like many investors, business owners, or high earning individuals, you know keeping clean and up-to-date financial records is key to making good financial decisions, minimizing your tax liability, and growing your wealth.
All these questions can be answered when you have a good accounting system that is updated regularly. Without one, you’re making educated guesses (at best).
After helping over 800 real estate investors, business owners, and high earning individuals we have experienced every tax situation there is!
Tax Preparation
Strategic planning to stay ahead
This is where the money is. Instead of playing catch-up you're staying ahead and planning your tax situation in advance.
Tax Planning
Accuracy and proper reporting
Tax preparation is complex. You need a team that knows your industry and will prepare your tax return in accordance with your plan to maximize savings.
Bookkeeping
The backbone to everything
Bookkeeping involves systematically recording, organizing, and managing financial transactions to ensure accurate financial information, support effective decision-making, and comply with legal and regulatory requirements.
Our Process
Q1: Tax Preparation
During the first quarter, Lyfe focuses on preparing and filing taxes. This involves:
Gathering Financial Data: Collecting all necessary financial documents, including income statements, expense reports, and receipts from the previous year.
Reviewing Tax Deductions and Credits: Identifying applicable tax deductions and credits to minimize taxable income.
Filing Tax Returns: Ensuring all required tax forms are accurately completed and submitted to the IRS and other relevant tax authorities before the deadlines.
Compliance Checks: Verifying that all tax filings comply with federal, state, and local tax regulations.
Q4: Year-End Bookkeeping
In the fourth quarter, Lyfe focuses on closing the books for the fiscal year and preparing for the upcoming year. This process involves:
Finalizing Financial Statements: Ensuring all financial transactions are accurately recorded and financial statements are completed.
Reconciling Accounts: Reconciling all accounts to ensure they match with bank statements and other financial records.
Reviewing Year-End Adjustments: Making necessary year-end adjustments for accrued expenses, depreciation, and other items.
Preparing for Audits: Ensuring all documentation is in order for potential audits and preparing for the next year’s tax preparation cycle.
Q2: Tax Planning
In the second quarter, Lyfe focuses on strategic tax planning to optimize its tax position for the current and future years. This involves:
Analyzing Tax Strategies: Evaluating different tax strategies that can be implemented to reduce tax liability.
Forecasting Future Tax Obligations: Projecting future income and expenses to estimate tax liabilities and plan accordingly.
Implementing Tax-Efficient Practices: Adopting practices that can help defer or reduce tax payments, such as investing in tax-advantaged accounts or restructuring business operations.
Staying Updated on Tax Laws: Keeping abreast of changes in tax laws and regulations that could impact the company's tax strategy.
Q3: Business Optimization
The third quarter is dedicated to optimizing business operations to improve efficiency and profitability. This includes:
Performance Analysis: Conducting a thorough analysis of the company’s financial performance to identify areas of improvement.
Cost Management: Reviewing and optimizing operational costs to enhance profitability.
Process Improvement: Streamlining business processes to increase efficiency and reduce waste.
Strategic Planning: Developing and implementing strategies to achieve business growth and operational excellence.
Tax Preparation
$2000/year
What’s included:
2 Live Calls per Month
Tax Tips and Strategies & Live Q&A Access to prior calls
Templates
Tax FAQs
Digital Course
Option to Purchase 30 mins.
Advisory Calls $500
Tax Planning
$6,500
What’s included:
Office Hours
Priority-year Tax Return Assessment
Accounting Assessment
Entity Structure Chart
Tax Planning Calls (3x 1 hour)
2x 30 min. Check Ins
Tax Plan Deliverable
Tax Projection*
Email Support
IRS Letter Review*
Bookkeeping
$750+/month
What’s included:
Monthly Financial Statements
KPI Analysis
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Important Disclosures:
Tax Planning Guarantee: We will refund up to 100% of our tax planning fee upon all of the following conditions being present: 1) Your plan does not identify at least double the price of the plan in estimated tax savings 2) Your business earns over $100,000 per year in revenue 3) You provided all required information to create your tax plan.
Tax Preparation Guarantee: We will refund up to 100% of our tax preparation service for any interest or penalties related to the accuracy of our filing of your tax return. To be eligible for any refund, the inaccuracy on your tax return must be directly caused by our firm. Direct causes include, but are not limited to, data inserted on the tax return that does not correlate with the information provided by the Client. Inaccuracies from indirect causes are not covered by this guarantee. Indirect causes include, but are not limited to, tax return inaccuracies due to incorrect information provided by the client. This guarantee does not include interest and penalties resulting from late filings.