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Debunking The Urban Tax Myths – Things Your Accountant Should Have Told You

Nov 24th 2015 at 2:34 AM

Arguably, one of the stupidest, and least rational of all the urban myths is that there are such things as tax dodges. There aren’t. In the strictly legal sense of the word, something is either taxable or it isn’t. There is no middle ground. Many of the whizz-bang so-called “tax schemes” are either illegal or delusional, depending on your point of view.
The fact is that these half-baked schemes can get you in a lot of expensive trouble, and not really save you any money. You’re basically paying for smoke and mirrors, and the actual dollar return values may be non-existent. Most of the promoters of these schemes are not doing business for the benefit of their clients, but for themselves. To think otherwise is just basically naive.
Best practice tax minimization, also contrary to urban myths, has nothing at all to do with illegal practices. There are a very large range of tax concessions, rebates, and other options available to businesses and individuals which are perfectly legal.
Warren Buffett famously said that he paid less tax than his secretary, for example. The main reason for that situation is that Mr. Buffett has far more exposure to legal tax concessions. There’s no mystery here at all – This is what good, professional tax accountancy can do for you.
Talking about professional –We found a company called Wells Income Tax which is an example of the kind of service you need to really do something about improving your tax position. This company offers a very broad spectrum of accountancy and tax accountancy services in Miami.
They’ve been in business for many years, providing tax services in Miami for a very diverse range of clients, and also offering useful services for those seeking to upgrade their tax performance. This is the sort of tax accountancy you need. No mythology required.
If you check out their website here at www.wellsincometax.com, you’ll find a lot of information as well as an affordable tax service in Miami when you need one. You can contact them directly online or by phone; their customer service is excellent, too.

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