Tax Action Group

How did one Tax Action Group client save approximately $42,000 in taxes through strategic tax planning?

One of our tax professionals, Adam, recently shared a client success story that demonstrates just how valuable proactive tax planning can be.

The client came to Tax Action Group with a concern many successful business owners face:

“I'm making a lot of money. How can I make the most of it without losing so much to taxes?”

Instead of simply preparing the client's tax return and calculating what they owed, Adam helped identify and implement several tax saving strategies.

Here's how those strategies added up:

Strategy #1: Business Restructuring | Approximately $9,000 Saved

The client was operating an LLC taxed as a sole proprietorship, reporting business income on Schedule C.

Adam helped restructure how the business was taxed by making an S Corporation election and establishing reasonable W-2 compensation for the owner.

This allowed qualifying business profits to pass through without being subject to self employment tax, while the owner's wages remained subject to applicable payroll taxes.

Approximate tax savings: $9,000.

Strategy #2: Retirement Planning | Approximately $10,000 Saved

After restructuring the business, Adam helped the client take advantage of another opportunity: retirement planning.

The client established a Solo 401(k) and made eligible retirement contributions, reducing current taxable income while investing in their financial future.

Because the client was in a higher tax bracket, these contributions provided substantial tax benefits.

Approximate additional tax savings: $10,000.

Strategy #3: Real Estate Investment | Approximately $23,000 Saved

Adam also worked with the client to evaluate how they could put their available cash to better use.

They identified an opportunity to invest in a short term rental property.

Through the client's qualifying participation in the rental activity and a cost segregation study, they were able to accelerate eligible depreciation deductions.

This resulted in approximately $75,000 in deductions that could be used against qualifying income.

Approximate additional tax savings: $23,000.

TOTAL APPROXIMATE TAX SAVINGS: $42,000

Three strategies. One coordinated tax plan. Approximately $42,000 in savings.

But here's what makes this success story so important:

These results didn't happen by waiting until tax season.

The S Corporation election had to be made within the applicable deadlines. Retirement contributions required planning and coordination. The real estate investment and depreciation strategy required careful evaluation and implementation.

Each decision was part of a larger strategy designed around the client's business, income, and financial goals.

Without proactive planning, the client could have missed opportunities to reduce their tax liability and put more of their earnings toward building long term wealth.

This is the difference between tax preparation and tax planning.

At Tax Action Group, we don't just look at what happened financially throughout the year. We work with our clients to make strategic decisions before the year is over.

Because successful business owners shouldn't have to wait until tax season to find out what they could have done differently.

Plan Ahead. Protect What You've Built.

Client details have been kept confidential. Savings are approximate and reflect this client's specific circumstances. Tax strategies and results vary based on eligibility, income, business structure, and applicable tax laws.

You've worked hard to build your business. But have you planned for what happens when it's time to move on?

Whether you're planning to sell your business, pass it down to family, or transfer ownership to a partner, your exit strategy can have a significant impact on your taxes.

Many business owners spend years focused on growing their company but overlook one important question: How much of that value will they actually keep when it's time to leave?

The timing of your exit, how the transaction is structured, and the type of assets involved can all affect your tax liability.

The good news? Planning ahead gives you more time to evaluate your options and make informed decisions.

At Tax Action Group, we believe tax planning shouldn't stop at growing your business. It should also consider how you eventually transition out of it.

💬 Have you started thinking about your business exit strategy?

Meet the Team: Adriana Fitzgerald!

Say hello to Adriana, our Office Manager here at Tax Action Group!

Born and raised in Springfield, Missouri, Adriana earned her Bachelor’s degree in Human Resources and her Master of Business Administration, both from Missouri Southern State University.

As our Office Manager, Adriana plays an important role in keeping our office organized and ensuring daily operations run smoothly.

Outside of work, Adriana enjoys spending her free time cooking and reading a good book!

We're grateful to have Adriana as part of the Tax Action Group team!

Your business had a profitable year. So why doesn't your bank account reflect it? 💰

Here's something many business owners don't realize: Profit and cash flow are two very different things.

Your business can report a profit while cash is tied up in inventory, unpaid customer invoices, equipment purchases, or debt payments.

And here's where tax planning comes in: Depending on your accounting method and circumstances, you could owe taxes on income that doesn't match the cash currently sitting in your account.

That's why understanding your numbers throughout the year matters just as much as knowing what you owe at tax time.

Business owners: Do you regularly review your cash flow, or do you mainly focus on revenue?



Visit Our Website taxactiongroup.com

📅 The End of the Year Is Approaching! Is Your Tax Strategy Ready?

As 2026 comes to a close, now is the time to start thinking about your taxes not when filing season arrives.

Many business owners and high income earners wait until tax season to review their finances, but by then, some valuable tax saving opportunities may already be gone.

The decisions you make before December 31 could have a significant impact on your tax liability.

From retirement contributions and business expenses to deductions and strategic investments, there are several opportunities worth reviewing before the year ends.

At Tax Action Group, we believe effective tax planning happens before the year ends, not after.

💡 Want to make sure you're not overlooking potential tax saving opportunities?

👇 Comment "TAG" below, and we'll send you our FREE guide: "Top 10 Tax Strategies to Review Before Year-End."

Don't wait until tax season to find out what you could have done differently.

Plan Ahead. Protect What You've Built.

🎉 WE HAVE A WINNER! 🎉

A huge congratulations to Elizabeth Abigail Xueyan Sullivan , the winner of Tax Action Group’s $3,000 CASH GIVEAWAY! 💰🏆

We want to extend a sincere THANK YOU to everyone who participated, shared our giveaway, and supported Tax Action Group throughout this exciting event!

Giving back to our community is something we’re passionate about, and we’re looking forward to creating even more opportunities to do just that.

Didn’t win this time? Don’t worry! This won’t be our last giveaway. Be sure to follow us and stay engaged so you don’t miss what’s coming next!

Once again, congratulations, Elizabeth! 🎉

📢 WE'RE HIRING!

Looking to take the next step in your accounting or tax career? Tax Action Group is growing, and we're looking for a motivated professional to join our team!

📍 1664 East Sunshine St, Springfield, MO

Interested in joining us? Visit the Indeed link in our bio to learn more and apply!

FINAL HOURS TO ENTER OUR $3,000 GIVEAWAY! 💰🎉

The countdown is ON! You have until TOMORROW, October 16th, at 9:00 AM to enter Tax Action Group's $3,000 cash giveaway!

Don't miss your chance to win! Here's how to enter:

- Follow our page
- Like our original giveaway post
- Share the giveaway post to your Facebook Story and tag us
- Tag 3 friends in the comments

WANT EXTRA ENTRIES? Every additional friend you tag after your first 3 counts as ONE extra entry!

🚨 IMPORTANT REMINDERS:

Entries close at exactly 9:00 AM tomorrow. Any entries submitted after the deadline will not be counted.

The winner will be randomly selected from eligible entries and announced TOMORROW, October 16th, during business hours!

We're excited to give back to our community and can't wait to announce the lucky winner!

Good luck to everyone who enters!



This giveaway is not sponsored, endorsed, administered by, or associated with Meta. Eligibility requirements and official giveaway rules apply.

📲 Are you following Tax Action Group yet?

We're sharing more than just tax reminders!

Our social media pages are a place to learn about tax strategies, discover potential planning opportunities, stay updated on important deadlines, and better understand the decisions that could impact your finances.

Whether you're a business owner, real estate investor, or high-income professional, there's something here for you!

✅ Tax tips and educational content
✅ Important IRS updates and deadlines
✅ Tax planning insights
✅ Company news, announcements, and more!

Follow us on Facebook, Instagram, LinkedIn, and X to stay informed and connected.

And if you know someone who could benefit from our content, share our page with them!

🌐 taxactiongroup.com

TAX TIP: Did You Know Your Business Could Have Unclaimed Money?

Many business owners focus on tracking expenses, managing cash flow, and preparing for taxes. But there's another financial detail that often gets overlooked: unclaimed property.

Uncashed checks, forgotten bank accounts, and certain customer credits can sometimes become unclaimed property under state law.

Here's something important to know: Businesses may have two responsibilities when it comes to unclaimed property.

✔️ Claiming money: Your business could have funds waiting to be recovered.

✔️ Reporting money: Your business may also be required to report and turn over certain unclaimed funds to the appropriate state after a specified period.

Requirements vary by state, so it's important to understand the rules that apply to your business.

The takeaway? Good financial management goes beyond filing tax returns. Reviewing overlooked financial obligations and opportunities is another way to protect what you've built.

Plan Ahead. Protect What You've Built.

Call now to connect with business.