Tax Savings Strategies | Bennett and Porter

Income taxes are the single largest expense you’ll encounter in life

Income taxes are the prevalent barrier to real financial security. You can never build any real wealth without first getting your tax life under control.

Our tax system is indeed very complex, and tax laws are ever changing. The Internal Revenue Code, the Federal Tax authoritative guide, is a thick book with over 1.3 million words. Albert Einstein was quoted as saying “The hardest thing in the world to understand is the income tax.” Generally, there are two principles in reducing your taxes:

Make money you spend tax deductible as you spend it
Use the power of retirement plans and investment tax shelters

Bennett & Porter identifies numerous strategies that you can use to substantially reduce your income taxes. It’s important to realize that tax planning is a year-round activity. With that mindset, you will rethink the day-to-day business and personal financial decisions you make relative to the tax liability they may create.

Whether you reside here in Scottsdale, Arizona or anywhere else in the country, our Certified Financial Planners are ready to assist you. Please give us a call today at Bennett and Porter — one of our professionals will be happy to answer your questions regarding the different tax savings strategy options.

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