Tax News For Business Owners
Tax News For Business Owners
Business Owners Tired Of Huge Tax Bills Flock To New Service Who Pays You To Do Your Taxes

-- Paying Less Taxes -- Business Owner Tax Deductions

 Last Updated December 16th, 2021           Read Time: 5 min
This new age business tax company came out of nowhere. Born from the frustration it’s millionaire owner was experiencing while trying to find the level of CPA and accounting services that he needed with his extremely busy schedule.…

“I just couldn’t understand how you can never seem to find or get ahold of your CPA until you get hit with a big tax bill. It seems the accounting/CPA/Tax industry may very well have the worst communication of any industry currently in existence!”

While it may seem clear that exceptional service starts, like any relationship, with exceptional communication the tax industry seems to have missed that memo. 

When the founder of the Pay Less Taxes (PLT) Firm, Damon Van Fleet, was asked about this he shared that nearly ¾ of their clients all high 6 and 7+ figure a year business owners typically reach out because they have reached a point where they are fed up having to chase their accountant.

“On one of our tax strategy calls the other day the prospective client told me that the reason he had decided to look for a new accountant is because he hadn’t heard anything from his CPA all year… He knew his business was exploding and he was worried about what his tax liability was looking like. After roughly a month he finally got a hold of his accountant who sent him a two sentence email to the effect of “I did a mock tax filing and it looks like you are going to owe $211,000 in taxes.”

Damon shared how the business owner was completely infuriated that his accountant didn’t offer any suggestions or guidance on how to lower this tax liability nor was he proactive earlier in the year to create a tax strategy for him that would help keep his tax liability low.
This seems to be a common experience for many business owners. Spending 18+ hour days building their business. Pouring blood, sweat and tears into growing it and making sacrifices most people aren't willing to make. Relying on their CPA to be the tax expert that advises them and helps legally mitigate their tax liability, only to be blindsided by an unexpected tax bill at the end of the year. 

This is where Damon Van Fleet spotted an opportunity to disrupt an industry that’s been around for longer than a century in the US alone. .

His plan doesn’t involve tech or apps or cell phones and instead relies on his history of systems and processes combined with the absolute best tax experts with good old fashioned, personalized customer service to top it off.

Damon has a unique history well suited to tackling the issues that plague the small to medium business accounting industry. He made his first money systemizing the processes and customer service in the real estate industry. 

In addition, he has built and owned a junk hauling and demolition business, a residential and commercial painting business, been a general contractor, and that’s just to name a few. His business experience is extremely extensive. When you know how to analyze businesses, know what to look for with new emerging sector opportunities, then can combine these with refined systems and processes to create extremely profitable businesses that serve the customer at the highest level. 

In one of their current businesses, Damon and his wife own a 7 figure digital advertising agency where Damon really started to see how wide the gap in the tax, bookkeeping, and accounting industry really is for business owners. The company they run doesn’t just help with advertising but business coaching as well. You can imagine the conversations when they help their clients increase their revenue by hundreds of thousands of dollars and then their clients are slapped in the face with an unexpected tax bill.

Many of these clients and business owners in Damon’s network knew that he rarely, if ever, has had to pay taxes despite the money he was making in his businesses.
In mid 2019 so many of Damon’s conversations revolved around tax strategy and how to legally pay less taxes that his wife mentioned “you need to see if you can get paid for the time you are spending doing this and the expertise you have built over the past 18 years. You love this!”

It was appealing to Damon but he really had no idea if he could talk to people about the tax strategies he was utilizing in their businesses and life. Any time he would get asked to give advice on taxes he would give a mini speech and disclaimer!  

His interest peaked, Damon reached out to two top business tax experts to see what his options were. A tax attorney and Paul Muret, the CPA he had met 15 years prior, two of his most trusted tax experts above himself. As the years had passed with all their collaborating on diabolical tax strategy, Paul had become one of his best friends and doing all the dirty work of implementing Damon’s tax strategies. 

Damon was surprised to find out that you can legally advise people on tax strategy without being a CPA or EA. You just cannot file their taxes. Instantly, Damon knew he could massively help change the industry for the better and help business owners become more profitable and build more legacy wealth with less work. 

That same week Damon’s wife, La, randomly searched godaddy and found the domain www.paylesstaxes.com was still available and was literally being auctioned that Friday, 4 days later.
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“I’m sure anyone who reads this article who has been in business awhile has had these times when everything just falls into place and it’s just obvious that you are doing the things you were meant to be doing. This was literally event after event just like that. I attended that domain auction and won! I now owned www.paylesstaxes.com for 1497.00 usd. I’m not even remotely ashamed to share that with any business owners reading this article because can you imagine? I know how many times a day in the United States (how to pay less taxes) is searched and I was able to capture the perfect keyword driven domain! The stars were most definitely aligned!” Damon shares.

Originally, Damon thought he would offer a DIY course to sell to business owners but he found out pretty quickly:

Business owners don’t have time to wear yet another hat in their business.

And virtually everyone is massively resistant to thinking about taxes.

“I may have found the only thing on earth people want to think about less than life insurance.” Damon jokes

It wasn’t just that though. Circling back if you remember Damon has always been a systems and processes guy and the more business owners he did tax strategy calls with the more he started analyzing… “Why do business owners end up being blind sided by tax bills? Why do they pay so much in taxes when the tax code is written to reward them so massively for being entrepreneurs, starting businesses and adding to the economy?”

“The answer was really quite obvious once I started to not only talk with clients but also analyze all of the CPA and accounting firms that already exist in this industry.” Damon says. 

He insists that everything is done ass-backwards. He states that he’s never seen such a reactive industry in any of the other businesses he’s analyzed. 

Damon shares the quote by Benjamin Franklin “If you fail to plan, you are planning to fail.” He believes the tax and accounting industry has a failing formula that historically looks something like this…. 

Run your business… maybe keep your books as up to date as possible… send over what you did to your accountant at the end of the year…. Accountant then does the best they can with what the business owner provides… and then says “Here’s how much you owe in taxes.”
You can tell Damon is getting more passionate as he shares, “Whenever I design anything, I always start with the end in mind and what I discovered is if you go completely proactive and you reverse the way things have always been done you can massively cut how much people are paying In taxes.” 

What if the formula and the workflow actually looked like… here's how you can pay zero taxes. This is what Damon Van Fleet and his team of tax experts at the PLT Firm are offering their clients. A systemized, legal formula to cutting their taxes and building their legacy wealth in less than 10 years. In addition their service provides businesses owner every tax or account service they could need. Their 5 star services include customized tax strategy, business filings, dedicated bookkeepers, payroll services, audit insurance, workcomp audits, billionaire money movement structures, quarterly 1:1 tax strategy and wealth building meetings, and they have the most unheard of guarantee that goes with it.   

It’s for all these reasons and more that business owners in 48 states are flocking to the PLT Firm as quickly as they can get on the calendar and scheduled for their free tax strategy sessions. 

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