Tax Avoidance

Tax Avoidance

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” ~ Judge Learned Hand,  (1935)

“Privately owned businesses pay more tax at higher rates than the Global 500.” SBA

We have had great success cutting the tax of our clients to the legal minimum.

Asset Protection

Asset Protection

“The goal of asset protection is to insulate assets from claims of creditors without perjury, fraudulent conveyances or tax evasion.” Wikipedia 

We accomplish with these three steps …

  1. Cut your tax to the legal minimum
  2. Make certain your intangible assets are recorded & protected
  3. Reorganize your businesses into different organizations and/or states.

If your business is sued in these states, you can lose the lawsuit, liens can be filed, but that’s it. Your assets are protected & you can continue doing business as usual without losing a thing. The only thing you can’t do is liquidate.

 

Intellectual Assets

Intellectual assets are critical to business success, but they often go unrecognized & unrecorded by businesses. We make certain our clients recognize & protect their intellectual assets to the full extent of the law. If they lose the rights to a key intellectual asset (i.e. their web site), it could bankrupt the company.

It is possible to get sued out of existence but lose no money and start up again the very next day under the same name the same assets & the same intellectual property.

The Act that made it all possible.

In 2016 President Obama signed the Defend Trade Secrets Act in 2016 to make ‘trade secrets’ intellectual property rights protected under federal law. alongside trademarks, copyrights and patents.

 

CFO, Accounting, P/R

Accounting is specialized enough that few small businesses has the talent or can afford to fill the roll in-house, but unique enough that almost all of them will need the service.

Ellis Axe will be your entire finance, accounting & payroll department with a controller or CFO overseeing them & doing it more efficiently than you can do it.

  • Finance
  • Accounting & Bookkeeping
  • Payroll
  • Controller
  • CFO

The time devoted to those services is a total waste of time & money. Trained experts providing proactive-forward-looking necessary services will be a great benefit to a growing business. Today technology is disrupting everything, and it’s difficult for untrained people keep up.

Tax Controversy

Getting Audited

We have studied IRS auditing practices, and we are very cognizant of the issues that trigger tax audits. We avoid them like the plague. Knock on wood, we don’t get audited much. We may be the least audited firm in the country. We’ve never had a bad outcome on audit. The last audit we had, three years ago, there were no changes.

If and when you get an audit letter, send it to us and we’ll handle the entire audit. We may allow the IRS to have an initial interview with you, but that’s it. After that, we won’t allow any contact between you & the IRS. We’ll keep you in the loop and pass on any settlement offers they may make. This approach has always worked well for us and our clients. It’s still the best approach.

 

Bulletproof

Bulletproof – designed to resist the penetration of bullets.

Invincible, impenetrable, insurmountable, unassailable, secure, impregnable, untouchable.

We bulletproof your businesses & your wealth in three primary ways:

  1. Cut your tax to the legal minimum
  2. Make certain your intangible assets are recorded & protected
  3. Reorganize your businesses into different organizations and/or states.

You can sue corporations & LLCs organized in these states, you can lose the lawsuit, liens can be files against your organization, but that’s it. Your corporation or LLC assets are protected and you can continue doing business as usual without losing a thing. The only thing you can’t do is liquidate.

International Tax

International Tax Planning

We are experienced in international taxation and have created tax strategies to take advantage of tax havens and selecting countries with the most favorable tax rates. 

With any system of taxation, it is possible to shift or re-characterize income in a manner that reduces tax. Internationally, Tax treaties, Tax Havens & Transfer pricing rules come into play. In addition, there is an entire cottage industry of international Tax Shelters. You can save a tremendous amount of tax, but it takes planning & preparation. 

U.S. tax reform rewards companies that shift profit to tax havens.  

Most of the Global 500, including Apple, Google & Caterpillar make use of international tax strategies. 

Business Org-Reorg

We’ll organize or reorganize your business.

Most companies are not structured to their best advantage. They are generally just slapped together without any thought.

Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.

Interstate Tax

Interstate taxation is based on the concept of NEXUS.  The term “nexus” describes a situation in which a company becomes subject to taxation a particular state. 

We are experts in interstate taxation and have created tax strategies to take advantage of the wide variety of state tax rates. We have had considerable success cutting taxes by tens or hundreds of thousands for companies doing high volumes in multiple states & countries.

This is a very lucrative area for tax savings is a completely overlooked area of taxation. It doesn’t even google up. We are light years ahead of other tax firms. In some cases, we have saved individual clients $250,000 in state tax simply by being selective in the  states we create nexus in.