by Tom Wheelwright | Jun 29, 2012 | Wealth Strategy
Who is the best person to build your wealth? It's you. Of course, your wealth team plays an important role, but you are the best person to build your wealth. You are the one who is best able to identify wealth building opportunities because you are the one who is in...
by Tom Wheelwright | Jun 11, 2012 | Tax Strategy
One of the most common tax deductions I see missed on a regular basis is the tax deduction for the business use of a personal vehicle. When I meet with new clients and discuss this deduction, I hear all sorts of reasons as to why they haven't taken this deduction:...
by Tom Wheelwright | May 21, 2012 | Tax Strategy
“I know there has to be a better way” This was a line in a form submitted to me inquiring about how ProVision may be able to help this person reduce their taxes. This person shared that they were paying a lot in taxes and that their current tax advisor...
by Tom Wheelwright | May 11, 2012 | Wealth Strategy
The difference between those who are successful at building permanent wealth and those who aren't usually comes down to how they use their resources. This week I'm going to share a resource that many business owners and investors avoid – REPORTING. It's always...
by Tom Wheelwright | Apr 13, 2012 | Wealth Strategy
One of my favorite ways to use a business in a wealth strategy is as a source of cash flow for new investments. Being able to leverage that cash flow into new investments is a powerful way to grow your wealth. When I share this idea, I usually get these three...
by Tom Wheelwright | Mar 16, 2012 | Tax Strategy
It's common to hear people complain about the tax law – it's complicated, confusing and making a mistake is punished with penalties and interest. At least once a week I have someone tell me that their prior tax advisor told them there was nothing they could do...
by Tom Wheelwright | Feb 24, 2012 | Tax Strategy
The fear of a tax audit can make people do funny things. I've seen people give up thousands in legal tax savings in an effort to hopefully avoid the possibility of an audit, and many times at the advice of their own tax advisor. I regularly have clients tell me their...
by Tom Wheelwright | Jan 30, 2012 | Tax Strategy
Like everyone, I have been paying close attention to the campaign for the Republican nomination. I wanted to share some insights on the tax policy debate. I think everyone is missing the point of the debate over U.S. tax policy for a number of reasons. The candidate...
by Tom Wheelwright | Sep 16, 2011 | Wealth Strategy
I have been thinking a lot about formal agreements over the past few months as I have been dealing with a lot of contracts. The question that I have been fighting on each agreement is how far to go to make it “right?” The agreements have all been with...
by Tom Wheelwright | Sep 1, 2011 | Tax Strategy
When you purchase a rental property, remember that you are purchasing not just the building and the land. You are also purchasing all of the improvements to the land, such as the landscaping, fencing, carport, and outdoor lighting. And, you are buying the contents of...
