Doctors...This is WARP...

Health care Professionals here is a solution to "catch up" on your retirement and get the tax deduction without raiding the reserves of your practice.

Are you behind in your retirement plan funding? Are you concerned because you feel you put all of your money into the business only to find that you are without a decent retirement plan and need ot catch up?

How do you feel about your retirement planning position? Are you looking for ways to improve your situation but dont know how th fund it? Are you afraid if you over pay yourself that taxes will eat away at the money? Do you feel that there is no way out of your situation and frustrated as to how to handle it.

There is a solution, however you have to qualify and it uses a strategy I call WARP, short for wealth advocate retirement plan. First you must need tax write offs, Second you should have at least a 1MM net worth and you or someone in your family should be insurable. Now I know what you are thinking ugh Life Insurance However, this is for people to use while they are living and the tax benefits are better than most other mainstream investments out there. So the basics are that you get a write off just like an IRA or other qualified retirement account on money going into the plan BUT unlike other retirement plans you get tax free distributions when you withdraw and you can take it anytime you want… for as long or little as you want and you have an estate plan to boot. This is not a new strategy but a unique one. Wealthy families have been using this strategy for centuries and the products weren’t as lucrative as they are today with indexing.

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Home Office for Business Owners Who Have a Physical Location Elsewhere

Did you know that you could “lease “ two weeks of office usage from your home to your outside business? This video explains how this is done and explains how to set your office up for a deduction. To get this tax tip and more go to and download my free ebook - “7 Little Known Ways to Legally Beat The IRS”

Photo by Norbert Levajsics on Unsplash

Educational Video content from Roy Innella often overlooked deduction for business owners who have a physical location for the business outside the home.

Exciting Announcement

Business owners, I have an exciting announcement for you...

Time and time again I talk to business owners who are getting ripped off by Uncle Sam and they don't even know it. 

Today, I wanted to share with you some of the things your CPA and financial advisor should be telling, but probably aren't.

To do so, I've put together a brand new resource for you titled, "Tax Saving Secrets."

You can download it by clicking here now: Click Here

In this guide, I share with you 7 little-known tax savings strategies that are proven to save you $10s, and for some business owners, even $100s of thousand, including...

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New eBook

Learn secrets about tax savings that most business owners and CPA’s neglect to use.

  • How to supercharge your retirement plan without raiding the reserves of your business

  • How one, little-known tax code can increase your retirement income by 259%

  • How to uncover major federal tax credits and cash incentives that are owed to you, but that you didn’t know existed

  • If you own commercial property, how you can save up to $150,000 in additional depreciation per $1 million in purchase or construction costs

  • If you have employees, how you can capture tax credits up to $9,600 per qualified hire.

I encourage you to get the guide and download it right now. Click Here

Then block off 10 minutes to read it right away.

After you read it, reply to this message and let me know what you think. 

Enjoy the report and talk soon!

- Roy

Now Is The Time To Plan

Tax Planning or Tax Filing?

Which is more important? Here is a quick video which explains the difference.

It is important when working with your CPA to do your best each year to do a tax plan that will effectively net you the most so that you can enjoy the fruits of your efforts in your business. Your company may not be a fit and we will certainly tell you that We would love to work with your CPA or tax advisor to help coordinate your optimum tax strategy.

Learn the differences between Tax filing and tax planning and how a little tax planning will make your life easier when it comes to tax filing. Download my free ebook “7 ways to legally beat the IRS” at: to get more insight into this concept.

Found Money Tax Credit

The IRS warns business owners to be careful with any 3rd party that promotes itself as an R&D specialist. Our resource use all of the proper documentation and are licensed in this field.

Here are the requirements.

Any company that encounters and resolves technological challenges may be eligible for the R&D tax credit. That said, eligibility depends largely on whether the work a company does meets the criteria established by the IRS’s four-part test:

* Elimination of uncertainty. A company must demonstrate it has attempted to eliminate uncertainty about the development or improvement of a product or process.

* Process of experimentation. A company must demonstrate—through modeling, simulation, systematic trial and error, or other methods—that it has evaluated alternatives for achieving the desired result.

* Technological in nature. The process of experimentation must rely on the hard sciences, such as engineering, physics, chemistry, biology, or computer science.

* Qualified purpose. The purpose of the research must be to create a new or improved product or process, resulting in increased performance, function, reliability, or quality.

Steps to properly claim the Research Credit

Eligible taxpayers may claim up to 20 percent of qualified expenses above a base amount by completing and attaching Form 6765, Credit for Increasing Research Activities, to their tax return. For tax years beginning in 2016, eligible small businesses may use the Research Credit to offset the alternative minimum tax. Also, qualified small businesses may elect to use a portion of the Research Credit as a payroll tax credit against the employer’s portion of the Social Security tax. They make this election on Form 6765 and must complete and attach Form 8974, Qualified Small Business Payroll Tax Credit for Increasing Research Activities, to their Form 941, Employer’s Quarterly Federal Tax Return.

To claim the Research Credit, taxpayers must evaluate and document their research activities contemporaneously (that is, over the period of time in which the research occurs) to establish the amount of qualified research expenses paid for each qualified research activity. While some expenses may be estimated, taxpayers must have a factual basis for the assumptions used to create the estimates.

Unsupported claims for the Research Credit may subject taxpayers to penalties. Taxpayers should carefully review any reports or studies prepared by third parties to ensure they accurately reflect their activities. Third parties who are involved in the preparation of improper claims or research credit studies also may be subject to penalties

“We Can Learn A Lot From Dogs”.

I love this article by Harvey Mackay,

Are you the kind of person a dog can love?

A reader recently e-mailed me a sad story about a dog from the perspective of a 6-year-old boy. Our family has shared our home with several loyal and lovable golden retrievers, so the story caught my attention more than most. It told about the family dog that had cancer and had to be euphemized. The father and mother thought their son could learn something from the experience. As the dog slowly drifted away, the little boy seemed to accept the dog's transition without any difficulty or confusion. The family sat together for a while after the dog's death, wondering aloud about the sad fact that animal lives are shorter than human lives. The young son already had it figured out, and announced, "I know why."

His explanation was stunning in its depth and simplicity. He said: "People are born so that they can learn how to live a good life -- like loving everybody all the time and being nice, right? Well, dogs already know how to do that, so they don't have to stay as long."

We can learn a lot from dogs. Live simply. Love generously. Care deeply. Speak kindly. We give dogs time we can spare, space we can spare and love we can spare. And in return, dogs give us their all. It's the best deal anyone has ever made.

The veterinarian who cared for this dear family pet, and so many others, offered some other lessons that dogs can teach us (there are more than 70 million dogs in the United States):

  • When loved ones come home, always run to greet them. Dogs treat us like celebrities when we come home. There's nothing wrong with showing people that we care about them.

  • Never pass up the opportunity to go for a joy ride. On warm days, there's nothing wrong with stopping to lie on your back on the grass. I think of Richard Gere's character in the movie "Pretty Woman." He was so busy working -- doing big business deals -- that he never stopped to enjoy walking barefoot in green grass until Julia Roberts showed him.

  • Take naps. Many of us are on overload, so in life you have to know when to throttle up and throttle down. If you can't take a nap, at least take a break. It will improve your disposition.

  • Run, romp, and play daily. If you have a chance to have fun, go for it. Life presents plenty of difficult times, and we all need a break every now and then. My motto: Work hard and play hard.

  • Let people touch you. Don't be aloof. Allow people to get close to you.

  • Avoid biting when a simple growl will do. Just make sure that your bark isn't as bad as your bite. It's OK to warn people that you're upset or even angry but keep your temper in check.

  • When you're happy, dance around and wag your entire body. Happiness is the American way. After all, the Declaration of Independence says we are endowed "with certain unalienable rights that among these are life, liberty and the pursuit of happiness." So, we have a right to be happy!

  • Delight in the simple joy of a long walk. Exercise is always good. I've been doing it all my life. It just makes me feel better, gives me energy to work more productively and, I hope, live longer. My philosophy is: Exercise doesn't take time; it makes time.

  • Be loyal. In a recent column about loyalty, I wrote that one of the first qualities that I look for in both employees and friends is loyalty. And my friends know they can expect my loyalty in return.

  • If what you want lies buried, dig until you find it. I'm constantly asked what the secret of success is, and persistence is at the top of the list. When you study truly successful people, you'll see that they have made plenty of mistakes, but when they were knocked down, they kept getting up ... and up ... and up.

  • When someone is having a bad day, be silent, sit close by, and nuzzle them gently. People remember two things in life -- who kicked them when they were down, and who helped them on the way up.

Mackay's Moral: My goal is to be as good a person as my dog thinks I am.


Tax Planning or Tax Filing

Tax Planning or Tax Filing

Do you have the right philosophy on tax avoidance?What is your first inclination when you hear this message? Does you plan for future tax avoidance or are you and your CPA dealing with history and having to find ways to stay tax compliant?

Many of our existing clients thought that they were doing the best they could until they engaged us to help them. I remember one of my first experiences with a client after we had worked together and she thanked me and she said that she didn’t realize that there was so much in her business that she could use to avoid taxes.

Are you constantly putting out fires in your business?

One thing that I learned from being in business is that the monkey on your employees back becomes yours if you let them. They show up at your office door and there is the monkey and they tell you about all of the reasons you should take that monkey and why they shouldn’t have to deal with it until you accept that monkey. Or…you could refuse the monkey and tell the employee that they need to get rid of it on their own. All of this takes up time that you are expected to use because you are the “boss”.

LOL you say however most small business owners and even managers experience a subordinate who can’t handle the responsibility they are given and expect YOU to bail them out. You have enough on your plate without having to deal with someone that you are paying to deal with problems trying to transfer the problem to you.

I could go on and on however my point is that running a business is a 24/7 undertaking and you usually are too busy thinking about your business that you don’t have time to deal directly with your own well being. Sometimes its too late and you have spent all of your time building the business and making tons of profit only to have to pay your silent partner (Uncle Sam).

“I’m too busy to think about tax breaks, my CPA does that for me.”

Your CPA is busy too, he’s bombarded with clients hounding them on hundreds of tax questions and for advice on financial decisions. Unfortunately most CPA’s are overworked and underpaid unless they have figured out their ideal business model. (I will go into that more on a later blog post) So what does that mean for you if you are paying too much in taxes? Well the elephant in the room that nobody wants to talk about on this subject is that ultimately YOU are responsible for the bottom line and your CPA only guides you as to SOME of the financial decisions you need to make.

Well I’ve done some research and talked with many tax experts and have compiled 7 ways to save on taxes for your business. I have compiled them into an ebook in order to educate both business owners and their trusted advisor on the steps that need to be taken to reduce that one monkey that is on your back and that is the cash flow robbing tax man. If you want a free copy of the book click here and you can have it in minutes. If you have any questions or want to schedule a quick phone call or office visit you can schedule on online at

Thanks for reading…

Roy Innella

Integrated Business Tax and Financial Planning