For most financially successful people, income taxes are their single largest expense. It’s not uncommon for some people to pay more than their housing, food, and utilities bills - combined. Further, the tax code is so complex that many people are happy to offload the task to a professional to get the job done.
Finding sensible ways to lower tax liability is a primary goal for people who hire professional tax preparers. Most people expect their tax pro to offer suggestions that could legally lower the amount they pay in income taxes. After all, the government isn’t going to notify you if you pay more (sometimes a whole lot more) than you’re legally obligated to pay.
This is where the complexity of the tax code comes into play. Our experience suggests that too many tax pros are so focused on getting the right numbers in the right boxes that they all too often fail to look at the big picture. That’s why Sage Tax Pros was created. We wanted to provide access to a network of world class tax professionals trained to look at the client’s tax situation with an eye toward tax mitigation, not just tax compliance.
Judge Hand was an American judge and judicial philosopher who served on the United Stated District Court for the Southern District of New York and later the United States Court of Appeals for the Second Circuit. He famously said:
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
Sage Tax Pros believes Judge Hand hit the nail on the head with the above quote. He also said:
“In America, there are two tax systems: one for the informed and one for the uninformed. Both are legal.”
That’s what Sage Tax Pros is all about: helping our clients comply with the tax code while informing them of sensible tax reduction strategies as appropriate. Our cutting edge business model enables us to lower the cost of professional tax preparation, and we’re passing the savings on to our clients.
Possible tax savings and guaranteed lower tax prep costs - that’s a win/win every time!