Mark is the founder of Peak Profit Solutions and a Tax Savings Architect.  He brings over 20 years of successful […]

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Mark is the founder of Peak Profit Solutions and a Tax Savings Architect.  He brings over 20 years of successful business operation and high level consulting experience to the table for the clients and financial professionals he services.

Mark employs the same discipline and tenacity in finding tax savings as he did serving his country as a former Marine Corp Sergeant in Bravo Company 4th Marine Division.  Semper Fi!

Peak Profit Solutions and it’s affiliate partners have helped thousands of individuals increase profit and permanently reduce their annual tax bill to help them better grow their business and accelerate their wealth.

 

Episode Highlights Here:

 

Mark Myers

Yes, the good news is there are things you can do. The bad news is you’ve left a lot of things off the table that you could have done.

 

Brett Swarts

What’s the number one secret to unlocking creative tax reduction strategies?

 

Mark Myers

Powerful question. So when it comes to selling appreciated assets, Brett, you probably know this, you know, this really you absolutely do know this. It’s about planning in advance. The last thing you want the last thing I like to hear is someone that says I sold an asset and have a tremendous amount of profit in this big tax bill. And I’m saying I say great when you’re selling it, oh, I sold it two months ago? Well, you know, yes, the good news is there are things you can do. The bad news is you’ve left a lot of things off the table that you could have done. So I’d say planning and being forward looking. So the number one secret is to make sure that you are particularly interested in a sale of an asset. But even if you’re just it’s just regular income we’re looking at, it’s always looking forward, what am I? How should I be structured? To be most efficient in my tax planning? Because structure is everything?

 

Brett Swarts

Excellent. So I’m planning in advance, right timing? And yeah, there are certain things where if you don’t do it beforehand, you eliminate the opportunity to do that. There are some things posed, but you’re eliminating your options, is that a fair summary so far? Mark? percent? Excellent. What’s the number two secret to creative tax reduction strategies?

 

Mark Myers

Think outside of the box. If you think inside the box, you’re gonna take a mortgage interest, interest deduction, that’s all you’re gonna get. You know why? Because your CPAs gonna say, that’s all you can do. Not that because they don’t want you to save in taxes, because they’re trained to just, you know, do what they do. And getting outside of that realm and duck jumping into 1000s and 1000s of pages of tax code and applying it using a legal kind of lens is generally not the forte of a solid, tax professional. That’s when you’re looking at the attorney side of things with the business strategist side of things. There’s a reason why Amazon and Microsoft and Nike and all those companies don’t pay federal income tax. It’s not because they’re not highly profitable.

 

 

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About Mark Myers

Creative Tax Reduction Strategies with Mark Myers

Mark Myers is a tax savings architect and founder of Peak Profit Solutions, LLC.  A company dedicated to bridging the advanced tax planning gap most small to medium business owners have.

Over 90% of America’s successful small and medium-sized businesses significantly overpay in tax, even if they are working with a highly experienced CPA or accounting firm.

Most individuals that sell highly appreciated assets do not know that they can significantly reduce or eliminate their capital gains tax if the sale is structured properly.

Most high-income earning W-2 employees do not know they can reduce or eliminate their tax with special, government-approved programs.

Peak Profit Solutions helps their clients accomplish all of the above WITHOUT replacing their CPA or Investment Advisor(s). They also DO NOT provide standard depreciation, expense-related, or tax deferral advice.

They bring highly experienced and skilled tax attorneys, accountants, and business strategists to the planning table.

They have helped thousands of individuals significantly and permanently reduce their annual tax bills to help them better grow their businesses and accelerate their wealth.

Ask them about their Fortune 100 caliber tax savings analysis that can be completed in less than 10 business days. It’s not what is earned, it’s what is kept!

 

 

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