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The Tax Free Business Owner - Mark Miller #6057 · Financial Survival Network

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  So the book is called The Tax Free Business Owner. And now we can
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  work with other folks like a lot of physicians and high net worth individuals and
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  even highly compensated day execs too, to get you to zero taxes as soon
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  as we possibly can. You're listening to Carrie Letz's Financial Survival Network, where
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  you get valuable information you just can't find anywhere else to thrive in today's trying
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  times. You need the Financial Survival Network now more than ever. Go to
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  Financial Survivalnetwork dot com and get your free newsletter and gift. Financial Survival Network
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  now more than ever. And welcome you are listening to and watching the Financial
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  Survival Network. I'm your host Carrie Leutz. Mark Miller is with us today
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  talking about advanced tax strategies. He's got a book out that I knew you're
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  going to want to hear more about. Mark. It's great to have you
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  on. So hey, April fifteenth, right around the corner. Is it
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  too late to actually do something about it? Well, no, not at
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  all. And one of the things is that we work with our clients on
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  in conjunction with the Hiltons, is to try to teach people on how to
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  do advanced tax planning and put formal plans together so you're not cut excuse meets,
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  you're not caught at April fifteenth with your flat footed and saying, hey,
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  how did this happen? How did I have to pay so much?
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  So we want to do some advance planning, definitely, but we want to
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  still focus on We still want to focus on April fifteen to cut those taxes
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  the best we can. Yeah, well, an ounce of prevention is worth
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  a pound of cure of cought, of course, of course, and before
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  the year is over you have more flexibility than once the year is over.
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  But there's still things you can do, you know you talk about Just tell
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  us about your book, what's in that and why it's a bestseller? Sure,
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  so the book is called The Tax Free Business Owner. Now we can
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  work with other folks like a lot of physicians and high net worth individuals and
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  even highly compensated execs too, to get you to zero taxes as soon as
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  we possibly can. But basically it's a getting in conjunction with the Hiltons.
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  I put the book together. They're some of the best and known in the
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  industry. Is some of the best tax mitigation folks in the business. We
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  have over one hundred and thirty different advanced strategies that are really deep dives into
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  the code. All very stand up to IRS scrutiny in the codes, private
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  letter rulings, and so forth. So everything is legal, moral, ethical,
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  obviously what you imagine it is with the Hiltons. But we put the
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  book together just to teach people and introduce to people the concepts that they don't
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  know. Most people are just giving their CPAs all their tax information from the
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  previous year at the first of the year, which people are probably diving into
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  that right now to get your taxes either business taxes done by March fifteenth or
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  your personal taxes the fifteenth. And that is just what's called compliance or preparation.
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  Where it's historical. Your CPA is just going back taking historical numbers,
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  putting it all in there and trying to make the deadlines right. That's you
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  know, the IRS calls that compliance, and obviously compliance for a reason,
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  you better comply, right, So that's all most CPAs do. What we
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  do is we get with our clients and put formalized plans together and be proactive
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  and then generally we'll put a plan together save them about fifty percent per year.
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  There and excuse me, the first year when we work with them,
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  and then gradually work with them to get to a zero tax bracket, which
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  is the ultimate goal. Okay, so how do we get the book?
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  By the way, how do you get the book? You can go to
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  Hiltonwealth Hiltonwealth dot com. There'll be a pop up there you can order the
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  book. You're welcome. Also, if you'd like to get on my calendar
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  and have a short chat, I do offer that that we can chat a
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  little bit about your situation and see how much we can save you. All
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  right, I'm going to order the book now. So hey, concept of
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  using trusts and such? Your big proponent of trusts? Yeah, yes,
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  I am. And so you know often when clients come to us and so
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  you have a little bit of an idea. I am the manager of the
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  Hilton Family Office. For those folks that don't know what a family office is,
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  it's basically, what about your wealthy families get to together. They cut
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  costs on a lot of financial things that they do. But more than that,
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  they bring the best strategies and techniques in all kinds of areas, not
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  just cutting taxes together in one place and really kind of on the institutional side
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  of the business, which most people don't have abnormal access to. They're doing
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  things more with retail advisors and maybe they have four or five different advisors that
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  do their insurances, their taxes, their finances, whatever financial planner. So
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  Hilton Tax and Wealth Advisors is a spin off of the Hilton Family Office.
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  Basically, we're bringing these more advanced concepts more down to main street so people
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  can kind of tap into those. And the whole concept is to bring advanced
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  strategies and make them available, like you just mentioned, like some trusts,
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  more advanced trust strategies or trust structuring to bring taxes down. Now, most
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  people on the retail side think of trusts as oh, I have to have
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  a living trust and a living will and all those that's kind of lower level
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  type of things then will often use And that's just one strategy out of one
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  hundred and thirty different strategies we have available for our clients that we can do
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  some advanced trust planning and then use those trusts to minimize our taxes in various
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  ways. Right, Yeah, Yeah, everyone should have a trust for sure,
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  especially if you live in the great State of Florida. Even a simple
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  trust, so you're yes, the house is held in the name of the
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  trust, so makes avoidance of probat and all that good stuf. Yes,
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  And that's basic stuff and that everybody, any client that comes on board with
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  us, that's one of the first things we work with them on is putting
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  the state plan together, the basic state plan, and then if depending on
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  where they are in their company or in their net worth, we may then
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  layer some other trust more advanced trust strategies in there to save them further.
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  Okay, so three things that you could do right now to lower your tax
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  burden for twenty twenty three, Well, for twenty twenty three, there's not
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  a whole lot you can do other than, for instance, if you do
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  if we do work with you, we can get you with one of our
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  proactive tax planning CPAs. They can kind of look back at your previous taxes
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  to see if And the strange thing about it is a lot of CPAs do
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  taxes differently and are kind of higher level CPAs that are more focused on tax
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  savings rather than just compliance often find maybe some mistakes and they can go back
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  and maybe amends and returns, but there's not a whole lot we could say,
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  hey, do this, this and this for twenty three because you have
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  to be proactive. You have to do the put the strategies in place,
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  and put the formal plans in place when you're actually making the income in the
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  year that you make the income. There's a few advanced advanced strategies we can
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  use to go backwards, but it just depends on an individual situation whether that
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  makes sense or not. Yeah. Well, like I say, an ounce
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  of prevention is often worth a pound of cure. So hey, so where
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  do we go here? How does somebody when you onboard somebody into your practice.
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  You said you do a state plan first? What else? How does
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  it work? Well, when we really look at what we do, we're
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  actually a business financial consultants and we just happened to be and the Hiltons are
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  really really go to tax mitigation and when we bring people on board, because
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  here's the fact is the biggest expense of your life will be taxes. So
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  that's kind of why we bring people in and we first talked to them about
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  their taxes and then we can kind of lead into finding out about other areas
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  they may need help in their finances. But if we can bring somebody in
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  and let's say, right off the top of the top, save them twenty
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  or thirty thousand a year on their taxes, then that's money they can put
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  to use to building their wealth. We can plug them into the Hilton Financial
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  network, which is again a lot of the strategies that we use in the
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  Hilton Family Office and the Hilton's used themselves. We bring those strategies more down
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  to mainstream. We can plug them in. So what we do is,
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  well, we'll work with folks. To begin with, we chat with you
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  and see if at how much we can save you on your taxes. Then
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  we propose a full figure a your tax saving number, and then if you
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  engage with us, then we put a formal plan together start saving you that
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  money, and then we can do other various other things business planning. We
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  can work at the wealth planning area. Our ultimate goal is, and really
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  what the Hiltons are after and what I'm after, is to help people get
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  wealthier faster in various problem that we have tons of different strategies to do that.
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  In general, Yeah, we're all in favor of that, you know.
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  Yes, the Singer's a letter, right, absolutely. So the biggest
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  thing is the concept and getting people to understand and you know, you've heard
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  the adage Gary that you don't know what you don't know until you know it.
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  Yeah, it's about people having access and that that's the way. Instead
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  of us, I could just be the manager of the Hilton family office.
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  It's a boutique family office. It's not gigantic, it's not one of the
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  biggest in the country, but we could just do that. But this was
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  our way of working with several of people in the Hilton family to how can
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  we help folks on the retail side. They really don't have access to these
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  kind of things. To be able to get access to these strategies techniques planning
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  that only the wealthiest of the wealthy. You know, you have to have
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  twenty to thirty or forty million dollars to minimum have access to it. And
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  that's what Hilton Tax of Wealth Advisors is about. And so far it's we've
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  been doing this for two years now. We've been getting a lot of traction
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  and getting people excited to realize, my gosh, you don't know what you
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  don't know. Well, once we give them access to the Hilton Financial network.
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  Then they can start tapping into these strategies that can get them to financial
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  freedom quicker. All right, fascinating, fascinating thing. How do we connect
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  with you again? How do we get that book again? Real simple?
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  Just go to Hiltonwealth Hiltonwealth dot com and uh we can uh you can either
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  again get on my schedule, chat a little bit, or just order a
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  book if you want to get an introduction to what you what we do.
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  I'm about to release another book called Hilton Wealth. Ironically that is actually going
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  to be about, uh, we we have a proprietary portfolios, the Hilton
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  True Wealth Portfolios that our clients tap into, and it's it talks. Is
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  going to talk about how important it is to uh utilize some more advanced investing
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  strategies, alternatives, hedge funds, things like that to make your portfolio safer,
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  more shot sure, uh and limit the limits your fees, which the
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  wealthiest of the wealthy they don't pay fees like retail folks do. So limit
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  your vega and make them as low as possible, and ultimately, by having
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  more safety, less volatility, then you'll make higher returns over time. And
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  this is how the wealthiest of the wealthy invests. This is how the Hiltons
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  invest, and the book will be about how they've been able to amass their
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  fortunes by utilizing some of these more advanced strategies. All right, and that
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  should be out in the next couple months. Where edwork. Well, we'll
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  have you back on when that's out, for sure. Appreciate you coming on.
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  Mark excellent. If you've got a question from Mark or myself, just
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  shoot me an email k El at Carrie louts dot com. You'll find a
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  link to the Hilton Group there in the show notes to this interview on Financial
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  Survival Network dot com. While you're there, please sign up for a free
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  newsletter. Mark, been a pleasure. Appreciate you coming on. Been a
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  pleasure. Thank you, Carrie. A great day. Thanks for listening to
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  Carrie Letz's Financial Survival Network your solution to today's trying times. For the latest,
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  go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever