and four lessons learned.
by jackie meyer
you’ve already heard the story of one of my first high-net-worth clients – an executive preparing their own tax return, making costly errors and ultimately turning to me for help. let’s revisit this example with a deeper dive into the transformation and outcomes.
more: your balanced millionaire journey begins now | how to cultivate holistic wealth | five hard-earned lessons from exiting an accounting firm | it’s never too early to plan your exit strategy | beyond blocking: more time management strategies | reclaim your hours with time management and productivity hacks | master the roi method: price for value, not time
exclusively for pro members. log in here or 2022世界杯足球排名 today.
case study 1: from $150,000 in tax savings to 1,400 percent roi
the situation: this client was an executive with a complex financial situation, including private equity investments that generated dozens of k-1s. when i initially reviewed his self-prepared return, i found that he had misclassified a capital gain sale as royalty income, which led to an overstatement of income by hundreds of thousands of dollars. in 2012, i charged him an hourly rate of $150 to amend the return and correct the mistake. this simple fix saved him $150,000 in taxes.
to read the full article
