Michel Valbrun is a CPA who helps people save $10,000 to $100000 in taxes through ethical and legal methods.
Tax planning is a subject that is not widely discussed amongst individuals despite its importance in the life of every citizen that pays taxes to their government. Preserving wealth is important when you are not just building a stress-free life for yourself but for the generations that will follow. An effective tax planning pathway is essential for the creation of this generational wealth. Strategic tax planning has many benefits that will save you lots of time and money. Hence, individuals and business owners hire CPAs for this job.
Michel Valbrun is a famous CPA, tax strategist, speaker, and author who has also been featured in numerous magazines and journals for his unprecedented knowledge about finances and taxes. In 2019 he helped save $8 million and aims to expand this number every year.
Here is the importance of tax planning shared by the professional in this field-
Reduced Tax Bill
Reducing tax liabilities is one of the major benefits of a well-thought-out tax plan. This will give you a clear path for expanding your savings, investments, assets, and pension without worrying about losing all your money on taxes and penalties.
You need to look for tax-efficient ways to pay less interest. Many people are unaware of these options and thus end up paying money that they could’ve otherwise saved or invested in ventures and alternatives. Michel Valbrun helps his clients with strategic tax plans that are meant to suit their income and investment goals.
Beneficial For Generations
One crucial benefit of tax planning is the generational wealth that it nurtures slowly with it. Creating alternatives like investing in life assurance policies and fixed deposits is surely beneficial to your heirs. However, they would also have to pay taxes after you are gone. Tax planning creates a road map for efficient tax payment for coming generations so your inheritance and heirs do not go bankrupt while paying taxes.
“When it’s all totaled, for most of us, about 50% of our money goes to taxes. And if you donʼt have a solid plan in place and a CPA who is focused on saving you money instead of just going through the motions, you’re letting your hard-earned money slip right through your fingers and into the hands of the IRS.” – Michel Valbrun
Effective tax planning helps in balancing the cost of living and estate planning too. This will enable you to invest and save in those avenues that yield high returns and will help you cut out the expenses that are already eating away at your money.
If you save more and get high returns for investing in properties or land, then you can build a passive income which can greatly expand your purchasing power and hence give you a much more comfortable life. To know more about tax planning and its components do check out Michel Valbrun’s Instagram profile.