Wealth Development


With decades of experience helping our clients develop wealth, Tax Pros Express can provide strategic financial guidance to clients in various circumstances seeking to build wealth. We utilize our comprehensive understanding of tax laws, investment strategies, business operations, and financial planning to assist clients in making decisions that not only increase their wealth but also optimize their tax situation.


Time to Start Building Your Wealth With a Winning Team

Individual Clients: Tax Pros Express could recommend various tax-efficient investment strategies. For instance, we might advise the client to contribute to retirement accounts like a 401(k) or an IRA, which offer tax deductions, tax-free growth, or tax-free withdrawals in retirement. On a more advanced level, our CPA-led team might suggest tax loss harvesting in the client’s investment portfolio. This strategy involves selling off investments at a loss to offset capital gains in other investments, thus reducing the client’s overall tax liability.

Example: Suppose a client earns a high income and wants to maximize their retirement savings. Tax Pros Express could recommend they max out their contributions to a traditional 401(k), thereby reducing their taxable income now, and then convert those funds to a Roth IRA, setting them up for tax-free withdrawals in retirement.


Business Clients: For business clients, Tax Pros Express could assist in identifying and implementing strategies to maximize business deductions, thereby reducing taxable income. They might also advise on the advantages of different business structures, such as LLCs, S Corporations, or C Corporations, each with unique tax implications and potential benefits.

Example: A business client is considering expansion. Tax Pros Express could help analyze the tax implications of different financing options, identify potential tax credits or deductions related to the development, and advise on structuring the expansion to optimize the client’s tax situation.


Legacy Wealth: For clients seeking to create a lasting legacy, Tax Pros Express can provide guidance on estate planning and gifting strategies to pass on wealth in a tax-efficient manner. This might include setting up a trust, making use of the annual gift tax exclusion, or advising on the tax advantages of charitable giving.

Example: A client wants to leave a significant legacy for their children and grandchildren. Tax Pros Express might suggest they establish a grantor-retained annuity trust (GRAT), which allows them to transfer assets to the trust and receive an annuity for several years. If the client outlives the term of the GRAT, the remaining assets pass to the beneficiaries tax-free.

The power of passive income to develop wealth

Tax Pros Express helps clients build wealth by incorporating strategies for generating passive income. Passive income refers to earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. Here are three examples of how Tax Pros Express might assist clients in creating passive income streams:.

Real estate can be a potent source of passive income, particularly when it comes to rental properties. Tax Pros Express could advise a client on the tax implications and potential benefits of purchasing a rental property. They would help the client understand the tax deductions available to landlords, such as those for depreciation, mortgage interest, and maintenance expenses.

Example: A client has significant savings and is interested in real estate investment. Tax Pros Express assists them in purchasing a duplex. The client lives in one unit and rents out the other, generating rental income that helps cover the mortgage payments. The client also benefits from tax deductions for property depreciation and maintenance expenses.

Investment in stocks, bonds, and mutual funds can generate passive income through dividends and interest. Tax Pros Express could provide advice on creating a diversified investment portfolio that aligns with the client’s financial goals and risk tolerance. They could also guide the client on strategies to minimize taxes on investment income.

Example: A client has inherited a sizable sum and wishes to invest it wisely. Tax Pros Express assists in developing a balanced portfolio of stocks and bonds, which generates regular dividend and interest income. They also advise the client on tax-efficient strategies like holding the investments in a tax-advantaged account or choosing stocks that pay qualified dividends.

Investing in a business can generate passive income if the investor is not actively involved in its day-to-day operations. Tax Pros Express could provide guidance on the tax implications of different investment structures and the potential income they could generate.

Example: A client is considering investing in a friend’s restaurant business as a silent partner. Tax Pros Express advises them on the potential tax benefits and risks of this investment. They help the client structure the investment in a way that provides regular income distributions, which are treated as passive income.

Tax Pros Express uses an array of strategies to assist clients in wealth-building while also strategically managing the tax implications of those wealth-building efforts. This holistic approach to financial management allows clients to grow their wealth in a way that is not only effective but also tax-efficient.