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Tax Planning Can Save Millions For Washoe County Businesses And Families
Taxes cost Washoe County families and businesses untold millions every year - start saving by working with Nevada tax planning attorney Kent Woods.
Tax rates always seem to be going up, and the burden they represent for individuals and businesses across the country can be significant enough to push people to move. Some of them are even moving to Nevada, especially to Washoe county to retire or start their business in a tax friendlier environment.
While crossing state lines may give you some benefit, it is only the first step toward a truly optimized tax situation. To ensure your legacy and company are as protected as possible from taxes, you need to work with an experienced tax planning attorney.
While his offices are in Nevada, Kent Woods is a tax planning attorney that has helped families and businesses from every corner of the country (and even outside it!) optimize their tax situation. Including some who have move to Reno and elsewhere in Washoe County to improve their taxation outcomes.
Washoe County: A Haven For Tax Optimization?
While it might not have the same reputation as Delaware or tax havens outside the United States, Nevada does have a lot of tax advantages. With relatively affordable housing and real estate to boot, Washoe County and the city of Reno have become particularly attractive to groups as distinct as retirees, celebrities, and up-and-coming tech startups and their founders.
Nevada has always been a draw for retiring Americans looking for a quiet, warm, and affordable place to spend their elder years. The lack of state inheritance tax is certainly a pleasant bonus.
Celebrities, like Marvel Avengers actor Jeremy Renner, are more likely to be drawn in by the tax opportunities, especially compared to nearby California known for particularly high tax burdens.
If Reno has recently been undergoing a bit of renaissance fuelled by tech start-ups and companies moving headquarters or opening offices, it is no doubt in great part due to the favorable tax conditions available in Washoe County.
All of these groups, however, have something to gain from the tax planning services of attorney Kent Woods.
Call for a free consultation | (702) 703-1540
Why Work With A Nevada Tax Planning Lawyer?
Media stereotypes might give the impression that tax planning is only for the ultra-wealthy, but the truth is that everyone can benefit from decreasing their tax burden. After all, a modest wealth and lifestyle means the proportion taken away by taxes hurts more, while a large business or wealthy legacy will be impacted even more significantly.
How Can Washoe County Retirees Benefit From Tax Planning?
As you age, tax planning becomes ever more important. Especially tax planning for your estate. When you die, what you will leave behind represents a great boon to the next generation, but that legacy can quickly be siphoned away by taxes and other costs.
A tax planning attorney, like Kent Woods, can ensure your assets, property, and belongings are passed on in such a way that those costs, including taxes, are minimized. This usually involves the creation of one or more trusts, which also allow your wishes to be carried out without your estate going through probate.
When Should The Wealthy Of Washoe County Begin Tax Planning With A Lawyer?
The wealthier you are, whether a celebrity like Mr. Renner or a business mogul, the more you stand to gain from optimizing your tax situation early. Tax planning tools can last you a lifetime, and the systems you set up to decrease your tax burden will continue to pay off year after year.When it comes to structuring your assets for tax planning, a lawyer like Kent Woods has a lot to offer the wealthy of Washoe County. From property purchasing tips to trust creation and asset management, how you structure your wealth has a significant impact on your taxes, and the earlier you contact a lawyer to do so, the more you stand to gain over time.
Call for a free consultation | (702) 703-1540
Washoe County Businesses May See The Biggest Benefits From Nevada Tax Planning Services
While individuals, wealthy or otherwise, have a lot to gain from tax planning, businesses are likely to benefit even more. For one thing, as businesses grow, the amount they might have to pay in taxes expands dramatically, and cutting those costs down allows for even greater profit and expansion.
Perhaps the most opportune moment for tax planning advice, therefore, is at the very start of the business's creation or development. Whether you are looking to launch a startup to compete with Silicon Valley unicorns or simply set up a modest local business to provide for your family or to pursue a dream, early tax planning can be one of the best investments you make.
Because a company’s structure and contracts play such a key role in its performance and potential, especially when it comes to taxes, you should reach out as soon as possible to Washoe County business tax planning attorney Kent Woods.
Contact Legacy And Corporate Tax Planning Lawyers Today
Kent Woods | Washoe County tax planning attorney whose services will save you time and money year after year.
Whether you have just moved to Washoe County or have lived there for generations, the best time to take advantage of Nevada’s favorable tax options is always right now. The sooner you reach out to tax planning lawyer Kent Woods, the more he can do to help you improve your tax situation, and the more your estate or business will be able to benefit.
Do not delay. Call (702) 703-1540 to find out more about what you could save, or set up an online consultation directly to learn more about tax planning or to begin your own.
