If you’ve ever sensed that your business is expanding while your financial gains aren’t keeping up, you’re not the only one. I encounter this situation frequently.
On paper, the figures appear solid — revenue has increased, profits are satisfactory — but whentax seasonIt’s as if the wind is taken out of your sails. The success you’ve achieved suddenly seems less significant.
That’s the issue with how many business owners handle taxes. They see them as a temporary phase rather than a long-term plan.
The truth is, if taxes are your main expense—and for the majority of business owners, they are—then putting them off until April isn’t just unwise… it’s costly.
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What I advise my clients is straightforward: The objective is not merely topay taxes, it’s to positionYourself. It’s not about defeating the IRS. It’s about grasping the system you’re involved in and ensuring the rules benefit you, rather than hinder you.
Don’t exert more effort: Organize more effectively
Here’s the reality: affluent people and prosperous businesses aren’t always putting in more effort than you. They simply approach things in a different way.
They view taxes as a chance for innovation. They pose more insightful questions. They refuse to accept the standard method. They align their strategy across theirCPA, attorney and financial adviserSo their tax strategy goes beyond merely meeting requirements, it generates results.
The underlying issue is not merely the taxes themselves — it’s the perspective that business owners have towards them. Too many believetax planningis an annual event, a box to tick. Submit and forget. But that’s not how the tax system functions.
The tax code is an active and evolving system that includes incentives within its structure. These incentives are not concealed, but rather they are obscured by years of poor guidance, hasty choices, and a shortage of cohesive planning.
Entrepreneurs are naturally inclined to solve problems. They think creatively. They build things. They embrace risks. However, when it comes to their tax planning, many remain stuck in traditional methods. Let’s face it: Tax time isn’t when strategic decisions are made.
By the time April arrives, the game has already concluded. You can’t alter results by looking back. Changing them requires forward planning. This involves thinking in a new way, acting with purpose, and viewing taxes not as a penalty, but as a system to understand and manage.
A solid tax strategy requires more than just a certified public accountant
What adds to the complexity is that many business owners are unaware of their own knowledge gaps. They believe their CPA handles everything. However, what most people overlook is that CPAs are responsible for preparing tax returns. That is their primary role.
What they don’t consistently do is take initiative in designingtax strategiesFocusing on your objectives. That’s a completely separate area. And if there isn’t a connection between your advisor, your accountant, and your long-term plan, the chances are great that possibilities are being overlooked.
Unrecognized methods for reducing tax liability
If you’re uncertain if your CPA is assisting with future-oriented strategies, consider whether there has been a discussion about any of the following options:
Research and development (R&D) tax incentives.Many individuals believe that research and development is solely the domain of large technology corporations or pharmaceutical firms, but this is not the case. If you are enhancing products, procedures, or software, you might be eligible. These incentives can reduce expenses related to salaries, materials, and other costs.
The “Augusta Rule” (Section 280A).Lease your personal home to your business for a maximum of 14 days annually and earn tax-free income, while your company can claim the expense as a deduction. This is particularly beneficial for individuals running a home-based business or those who hold client events at their residence.
De minimis safe harbor option.This enables small businesses to instantly deduct the cost of inexpensive asset acquisitions (like machinery and furnishings) rather than spreading out the depreciation over multiple years. It streamlines financial record-keeping and enhances tax deductions right away.
Qualified business income (QBI) deductionSection 199A).If you function as a conduit entity (LLC, S corporation, sole proprietorship), you might be eligible toreduce your business income by as much as 20%— assuming you meet specific income limits or are structured appropriately if you don’t.
Bonus depreciation and Section 179 expensing.Alternative depreciation methods enable you to deduct significant expenses, like cars, machinery, and software — often entirely in the initial year. This can result in immediate tax reductions and enhance cash flow.
Intangible drilling costs (IDCs).For individuals investing in oil and gas ventures, a significant part ofupfront costscan be fully deducted — even if the well is not productive. This is a significant tax advantage foraccredited investors looking to offset income.
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Cost segregation studies.If you have ownership of a business orinvestment real estate, a cost segregation studycan reclassify sections of the building (such as electrical, HVAC systems) into shorter depreciation periods — resulting in substantial deductions during the initial years.
Timing of Roth conversions in real estate investmentsTransferring a real estate property from atraditional IRA to a Roth IRAWhile the asset is being built or undervalued, it can reduce taxes immediately and allow appreciation to grow tax-free over the long term.
BUILD Banking™ approach (high-cash-value life insurance)Create your own “private banking” system usingwhole life insuranceThe policy accumulates tax-deferred, provides tax-free access through policy loans, and functions as an asset-protected source of liquidity for business purposes orsuccession planning.
1031 exchanges (like-kind real estate swaps).Sell a property that has increased in value anddefer capital gains taxesby reinvesting in comparable real estate. This allows funds to remain active and prevents the tax impact that comes from a direct sale.
Opportunity zones.Reallocate profits into specified accountsopportunity zone projectsand delay, lower, or even remove future taxes — particularly if kept for over 10 years. This creates opportunities for tax-favored real estate or business growth.
Here are several frequently neglected approaches, yet they go beyond simply cutting costs. They focus on generating profit—room between your income and the losses caused by inefficiency. For entrepreneurs, this profit is where possibilities emerge.
It’s not about the amount of money you earn…
There is a significant gap between making money and retaining it. Even if your business generates profit, it doesn’t necessarily mean your personal finances are managed effectively.
I’ve encountered business owners with seven-digit revenues who still feel overwhelmed during tax season — due to not having invested the time to create a unified plan that connects income, taxes, and future goals.
Business owners deserve more than that. They should be able to run their businesses from a place of authority, not uncertainty. However, this begins with recognizing the issue:Tax planning, as most people experience it, is flawed. It is fragmented, reactive, and frequently detached from the broader context.
You don’t require additional effort. You don’t need more hard work. What you need is a different approach to understanding money, taxes, and the true potential that arises when these elements are in harmony.
A detailed strategy involves cash flow management
You understand, genuine tax planning begins with your perspective on your finances. It’s not solely aboutdeductions or creditsIt involves creating a system around your company that directs revenue effectively, lawfully, and with intention.
That’s how you build long-lasting,tax-efficient wealthThat’s how you grow your business and create a personal financial statement that reflects your hard work.
Here’s the section that most people overlook: Your tax planisYour financial strategy. When you manage to retain a larger portion of your earnings, you gain the opportunity to reinvest in your business, ensure your retirement, support new projects, and enjoy greater flexibility in life.
That’s essentially what this is about — control, adaptability, and possessing choices.
However, none of this occurs randomly. It begins with purpose. With clearly understanding what you want your money to accomplish for you. With viewing tax planning as part of a larger perspective — not something overlooked, not a response, but an active component of your financial strategy.
Now, I’m not an accountant, and I’m not yourtax preparer. My role is to assist youthink differently. To present concepts that most individuals never encounter as they are confined within a system designed for adherence, rather than efficiency.
I assist business owners in ensuring their cash flow, tax planning, and personal objectives are in harmony, so every aspect works together seamlessly.
What happens when they do? That’s the moment you shift from merely enduring to growing. That’s when you stop questioning, “How much will I have to pay?” and begin thinking, “How much can I make work for me?”
Whether you believe it or not, the IRS is looking to reward you.
The tax system was not designed to penalize business owners. It was intended to incentivize them — for embracing risks, generating employment, fostering innovation, and reinvesting profits. However, if you aren’t actively shaping your approach, you may be missing out on more money than you realize.
All you require is a roadmap — a method of examining your business and finances through a strategic perspective, where each choice leads to improved efficiency and increased control.
That’s precisely why I created “The Cash Flow Guide” — to assist business owners like you in moving from a reactive approach to a proactive one, from wishing to strategizing.
This is a hands-on guide intended to assist you in matching your income, removing waste, and retaining a larger portion of your earnings. While making more is wonderful — butkeeping moreIn a tax-effective and environmentally friendly manner? That’s a major breakthrough.
Get the Cash Flow Guide atBrianSkrobonja.com.
Securities are available exclusively through properly registered individuals via Madison Avenue Securities, LLC. (MAS), which is a member of FINRA and SIPC. Advisory services are provided only by appropriately registered professionals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services are offered solely through Skrobonja Tax Consulting. MAS does not provide Build Banking or tax guidance. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not connected with MAS.
Alternative investments might face fewer regulations compared to other forms of collective investment structures. These types of investments can charge substantial fees, such as performance-based fees that are calculated as a percentage of both realized and unrealized gains, and an individual’s net returns could vary considerably from the actual returns. These fees have the potential to consume all or a large part of the profits generated by the Alternative Investment.
Adding alternative investments to a portfolio can lead to substantial losses, and in certain situations, these losses may surpass the initial amount invested.
Additionally, certain alternative investments have gone through times of significant fluctuation, and overall, they may not be appropriate for every investor. Strategies related to asset allocation and diversification do not guarantee gains or safeguard against losses in falling markets.
BUILD Banking™ is an alias of Skrobonja Insurance Services, LLC. Benefits and guarantees depend on the insurance company’s ability to pay claims. Not protected by the FDIC. Results can differ.
Descriptions regarding life insurance policies and their use as an alternative method of financing or risk management strategies are for demonstration purposes only, may not be applicable in every case, might not accurately represent any current or upcoming investments, and are subject to change at the discretion of the insurance provider, General Partner, and/or Manager. These descriptions are not meant to indicate assurances about the performance of securities.
The term BUILD Banking™, alternative private banking options, or specifically structured life insurance contracts (SDLIC) does not imply that the provider is establishing an actual bank for its clients or suggesting that life insurance companies operate similarly to conventional banking institutions. This information is intended for educational purposes and should not be interpreted as an invitation to purchase any particular product or service. BUILD Banking™ is available exclusively through Skrobonja Insurance Services, LLC and is not provided by Madison Avenue Securities, LLC or Skrobonja Wealth Management, LLC.
This material is provided for informational use exclusively. It should not be considered the primary source for making financial choices, nor should it be viewed as guidance tailored to meet specific individual circumstances.
Skrobonja Financial Group, LLC, Skrobonja Insurance Services, LLC, and Skrobonja Wealth Management, LLC are not authorized to provide and no information presented here should be considered as tax or legal guidance. Our companies are not connected to or supported by the U.S. Government or any official government body. The data and views shared here from external sources have been gathered from what is thought to be trustworthy channels, although Skrobonja Financial Group, LLC, Skrobonja Insurance Services, LLC, and Skrobonja Wealth Management, LLC cannot ensure their accuracy or fullness.
A Roth IRA conversion involves a taxable transaction.
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