5. Build a Team
Your tax strategy shouldn’t exist in a silo. It is one piece of your overall business and wealth strategy. That means your tax advisor needs to collaborate and coordinate with other members of your advisory team, such as your bookkeeper, attorney, investment professional and banker.
It’s also important to recognize that tax strategies are not one-size-fits-all. There is a lot of flexibility in how you structure your business and other transactions, and you will want to create a structure that fits you and your desired lifestyle. By positioning your tax advisor as part of your overall advisory team, you’ll be able to shape your own financial destiny.
Bottom Line for Choosing a Tax Advisor
Choosing the right tax advisor potentially can mean the difference in millions of dollars over your lifetime. Take the time to find a top-notch advisor who understands your vision and tax strategy and make them a part of your overall team. Your future self, and your future bank account, will thank you.