Tax-Free Wealth Author uncovers 5 Tips for Finding a Great Tax Advisor

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As millions prepare 2014 tax returns, Author, CPA and CEO of ProVision Wealth CEO Tom Wheelwright uncovers five key qualities for finding a great Tax Advisor.

Tom Wheelwright, CPA and CEO Provision

“One of the most important things an individual can do to protect their wealth is not just find a good, but a great Tax Advisor and preparer,” emphasizes Tom Wheelwright, CEO of CPA firm, ProVision Wealth

As the Best-Selling Author of Tax-Free Wealth and CEO of ProVision Wealth, Tom Wheelwright is passionate about helping entrepreneurs, professionals and investors permanently reduce taxes by 10-40%. To provide timely tax tips on the most common questions received during public speaking events, Tom discloses five recommendations for how to find a great Tax Advisor.

“One of the most important things an individual can do to protect their wealth is not just find a good, but a great Tax Advisor and preparer,” emphasizes Tom Wheelwright, CEO of top CPA firm, ProVision Wealth. These advice tips are based on ProVision Wealth's extensive experience managing 1000+ clients in over 30 countries, and the company is proud to be celebrating their 20-Year Anniversary in March 2015.

While the majority of individuals and businesses only talk to a Tax Advisor, once or twice a year, great Tax Advisors are passionate about both tax laws and the client’s future versus the past.

1. Choose from 3 Tax Advisor Categories - The best tax professionals are always CPAs, Certified Public Accountants. Most business owners should use a CPA because these professionals are the most knowledgeable about business taxes and how to reduce them. The second option is an Enrolled Agent, and finally, there are the mass production companies like H&R Block and Jackson Hewitt. Some very small businesses should use an Enrolled Agent, and business owners should NEVER use a mass production company or do their own taxes.

2. Choose a CPA with solid Tax Education and Experience – A Tax Advisor’s education can make a huge difference in long-term tax savings. For example, the best CPAs graduated at the top of their class from top universities, worked for a Big 4 Accounting Firm (Price Waterhouse Coopers, KPMG, Deloitte & Touche and Ernst Young) and embrace the details in the law.

3. Pay for the Best CPA to get Long-term Gains – Tom Wheelwright writes in his “Tax-Free Wealth” book, “It’s not how much your tax preparer charges you that matters, it’s how much your tax preparer costs you.” While ProVision Wealth is expensive, Tom’s team has saved clients millions. For example, one client reduced their taxes by $70,000 each year, resulting in a $4 million savings over the long-term.

4. Find a Tax Advisor who can think Non-Linear – While most accountants think linearly, a better accountant finds creative ways to use the law to save the taxpayer money. Lower end accountants will recommend that you invest money in an IRA or 401K, and recommend pre-paying expenses at the end of the year.

5. Look for a Tax Advisor who cares more about the taxpayer – If a Tax Advisor asks the taxpayer to ask all the questions during the initial interview, this should be a red flag. Instead, look for a Tax Advisor who asks more questions about the individual’s long-term goals and financial dreams.

Overall, individuals and businesses should look for a Tax Advisor who is interested in educating the taxpayer on the rules and reducing chances of an audit. The tax law is intentionally vague and allows for some flexibility. Bottom line, find a Tax Advisor who knows what it says and how to bend it.

For a timely interview, contact:
Liz Kelly
Goody PR

Tom Wheelwright, CPA and CEO of Provision Wealth, is a leading tax and wealth expert, speaker, published author of "Tax-Free Wealth" (consistently ranked #1 in Corporate and #3 in Small Business categories on Amazon) on partnerships and corporation tax strategies. Tom is a Rich Dad Advisor/Speaker for Robert Kiyosaki, who wrote Rich Dad Poor Dad. Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom "the best of the best." He is best known for making taxes “fun, easy and understandable,” and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. He is also the Founder of WealthStrategyU, and has been featured in Accounting Today, Deseret News National, CBS Local Phoenix and CEO Blog Nation, and as a guest on ABC News Radio, Real Estate Guys Radio Show and Money Radio 1510 Business for Breakfast.

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Liz Kelly
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