#3 Your Tax Advisor Should Increase Your Tax Awareness
Your tax advisor should be excited to share new information with you about how to reduce your taxes and provide you with a clear understanding of the tax rules. Understanding the rules doesn’t mean you have to be an expert on the tax rules. Your tax advisor should be the expert.
Understanding the rules simply means you know what to look for so you can identify potential opportunities and discuss them with your tax advisor. You are the one who is best able to identify potential opportunities because you are the one who is in the day-to-day activity of your business or investing and that is where the opportunities are.
While your tax advisor can identify some opportunities after-the-fact, the results are much better and faster if you are able to identify them as they occur. And quicker results most likely mean you can start reducing your taxes sooner.
This is why it’s important for your tax advisor to increase your tax awareness – once you know what to look for, it is much easier to identify your tax saving opportunities.