Meet Our Proactive Tax Planning Team 👇
James Duggan
Estate Planning Specialist
Darren Sugiyama
Premium Financing Specialist
Janel Sykora
Tax Review Specialist
Mark Goodman
8-Figure Funding Specialist
Mitch Nelson
Secura Insurance Specialist
Scott Phillips
Tax Mitigation Specialist
Michael Simms
Business Valuation Specialist
Craig Stone
Advanced Estate Planning
Don Feldman
Exit Planning Specialist
Aleks Dyo
Charitable Gift Financing
John Frazier
Charity Foundation Specialist
Jeff Deckman
Business Growth Specialist
Christi Horan
EAT Annuity Specialist
Ashley Lupiani
Life Insurance Solutions
Rocky Cathey
Cost Mitigation Consultant
Noel Cambiotti
Merchant Process Solutions
Hear What Our Clients Have To Say 👇
Taylor Hersom
Chairman | EdenData.com
Before Working With Us:
- Operated as a pre-revenue startup selling consulting services
- Personal Tax Liability was high
After Working With Us:
- Consistent $300,000 MRR with a well-established cybersecurity brand
- Company and founder both paying lower 5-figures in taxes
Michael Supina
Founder | Motiv Marketing
Before Working With Us:
- Churned through 4 different CPAs that all provided generic tax strategies which didn't fit his business model, had poor communication, filed taxes incorrectly, & added extra stress to his life
- Paid $5,000 to a tax consultant for a "tailored solution" that ended up not being customized to his business' needs.
- Was "at my wit's end" trying to find a tax professional that could service his business correctly.
After Working With Us:
- Saved $400,000 in taxes
- Was recommended our services by his legal attorney
- Benefits from advanced tax strategies centered around legalities of the tax code to allow him to save multiple 6-figures in taxes
David Pollack
Before Working With Us:
- Spent most of his time dealing with "number crunchers" that couldn't give him highly specific or detailed advice on his company's financial needs
- Was unimpressed by the services received from previous bookkeepers
After Working With Us:
- Able to strategically align his company and business with financial projections
- Receiving highly personalized and specific financial consulting from a dedicated CFO to maximize profits & help his business grow
- Was able to rely on Bennett Financials for operational support and guidance during a challenging quarter in his company.
Joe Ochal
Owner | Chimney Scientist
Before Working With Us:
- Struggling with "really bad accountants"
- Churned through 6 different accountants in 10 years that were unresponsive, filed taxes incorrectly, constantly changed the tax strategy, and caused him to significantly overpay in taxes.
- Was planning on "suffering in my business for the rest of my life until I die"
After Working With Us:
- Able to legally and properly pay 0 taxes in 2023
- Benefits from "incredible organization" and communication from the Bennett Financials Team
- Able to position his company for an exit at a 3-5x multiple and NOT have a huge tax bill on the sale of the company
- Now plans to "sell my business as quickly as I can and then buy another business and do it again"
Rajiv Nathan
Founder | Startup Hypeman
Before Working With Us:
- Accountants didn't understand how to properly serve his business, create growth, or actually save money on tax
- Tired of dealing with "number crunchers" that "don't proactively think about how to help your business"
After Working With Us:
- Helped Rajiv create financial security in his business and remain profitable throughout the COVID pandemic
- Saved multiple 5-figures on tax, increased profits by 12%, and built a more sustainable business to serve the founder
Daniel Goodrich
CEO | Virtual Counsel
Before Working With Us:
- Went through numerous accountants/bookkeepers and felt that "they always left the company wanting"
- Struggled to maximize profit margins, majority of revenue was eaten up by taxes and expenses
After Working With Us:
- Managed to implement a "profit first" system that grew cash reserves, decreased expenses, & improved operational efficiency
- Successfully lowered their tax burden by multiple 5-figures and boosted their profit margins by 15%
3 Simple Entry-Level Tax Strategies To Legally Pay 0 Tax 👇
Tribal Tax Credits
Tax Break Category: Charity
What It Is:
A donation to charitable entities sponsored by Native American Tribes
How It Works:
For every 60 cents donated to a Native American Tribe, you’ll receive a $1 tax credit from the IRS - netting you a 66% return.
Example:
If you donate $100,000 to an Apache tribe - not only is this donation deductible as a tax credit, but you'll receive an extra $66,000 of tax credits you can write off, netting you a profit.
Charitable Reconveyance
Tax Break Category: Charity
What It Is:
A donation to charity funds helping impoverished Central American countries (Example: Haiti, Dominican Republic, etc) grow their economy with imports of commodities from US based nonprofits.
How It Works:
For every $1 invested into this strategy, you receive $5 as a tax write-off up to 60% of your AGI.
Example:
If your AGI is $600,000 - a small investment of $72,000 can lower your taxable income by $360,000 - so you're only taxed on $240,000 of taxable income.
Leveraged Entity Structures
Tax Break Category: Business
What It Is:
An investment into an established business that has a net operating loss on paper - allowing you to write off that loss from your taxable income.
How It Works:
For every $1 invested into this strategy, you receive $8 as direct write-off from your taxable income.
Example:
If your taxable income is $700,000 - a small investment of $100,000 can erase your tax bill for this year, and carry over a $100,000 write-off into the following tax year.
Hear What Our Clients Have To Say 👇
Taylor Hersom
Chairman | EdenData.com
Before Working With Us:
- Operated as a pre-revenue startup selling consulting services
- Personal Tax Liability was high
After Working With Us:
- Consistent $300,000 MRR with a well-established cybersecurity brand
- Company and founder both pay 0 tax each year
Michael Supina
Founder | MotivMarketing.com
Before Working With Us:
- Churned through 4 different CPAs that all provided generic tax strategies which didn't fit his business model, had poor communication, filed taxes incorrectly, and added extra stress to his life
- Paid $5,000 to a tax consultant for a "tailored solution" that ended up not being customized to his business' needs
- Was "at my wit's end" trying to find a tax professional that could service his business correctly
After Working With Us:
- Saved $400,000 in taxes
- Was recommended our services by his legal attorney
- Benefits from advanced tax strategies that allow him to save multiple 6-figures in taxes every single year
Joe Ochal
Owner | Chimney Scientist
Before Working With Us:
- Struggling with "really bad accountants"
- Churned through 6 different accountants in 10 years that were unresponsive, filed taxes incorrectly, constantly changed the tax strategy, and caused him to significantly overpay in taxes.
- Was planning on "suffering in my business for the rest of my life until I die"
After Working With Us:
- Able to legally and properly pay 0 taxes in 2023
- Benefits from "incredible organization" and communication from the Bennett Financials Team
- Able to position his company for an exit at a 3-5x multiple and NOT have a huge tax bill on the sale of the company
- Now plans to "sell my business as quickly as I can and then buy another business and do it again"
David Pollack
Before Working With Us:
- Spent most of his time dealing with "number crunchers" that couldn't give him highly specific or detailed advice on his company's financial needs
- Was unimpressed by the services received from previous bookkeepers
After Working With Us:
- Able to strategically align his company and business with financial projections
- Receiving highly personalized and specific financial consulting from a dedicated CFO to maximize his profits and help his business achieve growth
- Was able to rely on Bennett Financials for operational support and guidance during a challenging quarter in his company.
Rajiv Nathan
Founder | Startup Hypeman
Before Working With Us:
- Accountants didn't understand how to properly serve his business, create growth, or actually save money on tax
- Tired of dealing with "number crunchers" that "don't proactively think about how to help your business"
After Working With Us:
- Helped Rajiv create financial security in his business and remain profitable throughout the COVID pandemic
- Saved multiple 5-figures on tax, increased profits by 12%, and built a more sustainable business to serve the founder
Daniel Goodrich
CEO | Virtual Counsel
Before Working With Us:
- Went through numerous accountants/bookkeepers and felt that "they always left the company wanting"
- Struggled to maximize profit margins, majority of revenue was eaten up by taxes and expenses
After Working With Us:
- Managed to implement a "profit first" system that grew cash reserves, decreased expenses, & improved operational efficiency
- Successfully lowered their tax burden by multiple 5-figures and boosted their profit margins by 15%
