Accounting and Tax Services
Is your accountant providing you with value-added ﬁnancial advice or simply preparing your tax returns?
Do you feel like your current accountant is working on autopilot; simply repeating the same advice year over year?
The traditional small business accountant spends over 90% of their time and effort on tax compliance with a smidge of simple year-end tax planning.
That’s not The Campanella Group.
The Campanella Group is a collection of dedicated professionals helping you achieve what you’ve always needed: An inter-disciplinary, value added, tax and ﬁnancial advisory service.
Let’s look at an example: The Testa Family — Looking for integrated advice
Mr. And Mrs. Testa, a couple in their mid-forties, came to us looking for traditional accounting and tax services. Their current accountants were ﬁne, but they felt that they were paying too much tax.
Mrs. Testa was a successful realtor earning $325,000 per year as a sole proprietor
Mr. Testa was an employee of an engineering company earning $200,000 per year
The family required about $200,000, after-tax, per year to maintain their current lifestyles
As it stood, the family was paying about $213,000 in total combined taxes per year, leaving them roughly $112,000 to invest annually.
Not bad, but we can do much better than that…
We implemented a comprehensive analysis of the family’s situation and discovered that the following opportunities:
Mrs. Testa should incorporate a company to carry out her realtor business
We would pay Mrs. Testa a salary of $105,000 per year which, in combination with Mr. Testas salary, would be sufﬁcient for the couple to meet their annual cash-ﬂow requirements
Mrs. Testa would RETAIN her realtor business net earnings in her corporation for future investment
We would build an extremely tax-efﬁcient, growth oriented, corporate investment plan using a variety of equity investments and a life insurance policy to effectively save, and grow the family’s wealth for retirement and beyond
By using this new strategy, the family was projected to save $82,568 in taxes per year. Those savings, if invested at a 6% return over a 20-year period would leave the family with an additional retirement nest egg of more than $3,000,000 over their prior strategy.
Shad Azar, Incorporated Realtor
At the Campanella Group we help clients like the Testas every day. We are dedicated to helping our clients forge the best ﬁnancial path for their families.
Are you ready to take a step forward and secure a lucrative ﬁnancial future for yourself and your family? We are always ready to speak to ambitious entrepreneurs and investors looking for an edge.
Feel free to contact us for a zero-cost, 30-minute, online meeting where we can get to know you and determine if we can help you pave a path to ﬁnancial success.