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Live Rich Stay Wealthy for Women Only
Hardcopy only
Live Rich Stay Wealthy - Total Retirement Freedom - Hardcopy
Live Rich Stay Wealthy - Total Retirement Freedom - Kindle Version
Live Rich Stay Wealthy - Total Retirement Freedom - Audible.Com
The Six Biggest Tax Mistakes Physicians Make - Hardcopy
The Six Biggest Tax Mistakes
Physicians Make - Kindle Version
The Six Biggest Tax Mistakes
Physicians Make -
Audible.Com
Our Services
H&H Tax and Business Advisors, LLC offering tax, business, and estate planning services.
Tax Planning
Most people believe their CPA or Tax Preparer is performing "Tax Planning". This is the opposite of what we have experienced with our new clients.
90% of all New Clients are found to be paying more tax than they should be paying. This is not to accuse CPAs or tax preparers of a failure. Tax Planning is completely different than Tax Preparation. It is as different as a Nero-Surgeon is to a Orthopedic Surgeon. While both are in the same space, they each perform a very different skill set. The problem is that the public believes that when they have their taxes prepared, they are getting a complete tax plan. Simply advising to do anything your can "Google Search" on is not tax planning. An example is, adding to an IRA, or adding a Solar Panel to your house is a simple as an internet search for "Ways to reduce my tax". This is not tax planning.
Trusts
The first action most people of means take to protect themselves is to get a trust. The problem is there are so many placed to get a trust that in our experience 9 out of 10 trusts are either drafted incorrectly or not funded correctly. This undermines the use and the cost of even having the trust.
In addition to the failure to account for specific tax issues like 401-Ks, IRAs or Annuities, most trusts are Probate Avoidance Only trusts. Assuming you have the correct languages' well as the correct funding, 90% of trusts DO NOT protect assets for the next generation from death, disability, lawsuits or divorce.
Probate
Probate can be a lengthy and costly legal process that oversees the transfer of your assets upon your death. If you do not create a will or set up a trust to transfer your property when you die, the state will determine what happens to your estate. If you do not have a will or other form of legal estate planning, there is a possibility that your property will go to the state instead of your family.
New
Mock Probate Audit
Launching in September 2024 we will now offer a
Complete Mock Probate Audit.
If you have a trust - do you trust that it will work?
Now we will run a mock scenario including
Assumption of primary persons premature death
Assumption of secondary (spouse or domestic partner) pre mature death
Consecutive sequenced death - testing accounts with beneficiaries such as life insurance, annuities, IRA's, 401-Ks passing to non-intended parties.
Company benefits test to assure full capture
Tax Test to assure no surprise or unintended taxes such as capital gains, income, IRD, or transfer tax.
Document Preparation Services
H&H Tax and Business Advisors, LLC and its' registrant provide document preparation services for the following: New Business Licenses and Permits, Professional License, and Document Preparation.
Registration #: NVDP201592671
No part of this site should be considered investment, tax, legal or insurance advice. H&H Tax and Business Advisors, LLC is part of the One Wealth Map, LLC group of companies.
. No part of any discussion contained herein, by telephone, social media, video chat or any means shall be considered advice. Advice may only be rendered by the properly licensed advisors, such as a CPA, Investment Advisor, licensed insurance agent or lawyer. No part of any discussion, presentation or communication shall be considered to induce any strategy that may not meet IRS Tax Code. Any persons using this site shall consider any text, video or communications opinion and public media only and shall not use such communications to file false tax returns, or commit tax fraud.