There’s a huge tax hitting every one of your clients right now that — chances are — you haven’t been addressing.
Inflation.
Let’s say you have a person on a fixed income. They have an annuity giving them 4%, and inflation is at 10%. They are losing 6% annually on their investment and losing purchasing power. It’s a huge tax!
As a strategic tax advisor, you bring huge value to your clients if you can help them combat this tax.
Here are three things you can do immediately that will have your clients singing your praises (and stop questioning your fees!)
- Get ahead of the issue. Talk to your clients. Find out what they are experiencing and what they are concerned about. When you understand the nuances of their current situation and their long-term goals, you create a foundation for success.
- Identify strategies to address their needs. One of the best ways to combat inflation is to help clients keep more of their money by paying less tax. Use the tax law to find opportunities for them to gain more credits and deductions.
- Keep current. Tax laws are constantly changing. Your clients are counting on you to stay up-to-date on the latest developments and how they can use them to reach their goals.
Reach out to a client today!
Want to know more about how to get better clients, a better practice, and a better life? Schedule a call with our team today to see if joining TFW Advisors® is right for you!