A message from David L. Blain, CFA — CEO, BlueSky Wealth Advisors
Here's something that might surprise you: the most common tax planning advice you're getting is also the least powerful thing you can do.
Most CPAs lead with deductions. And deductions matter, but if that's where your tax strategy starts and ends, you're working the problem backwards. For business owners, high-income earners, and anyone navigating a liquidity event, that approach quietly costs you more than you realize.
This video kicks off a five-part series on how we actually think about tax planning at BlueSky, and why the order in which you apply strategies matters just as much as the strategies themselves. We call it the Five D's of Tax Planning.
In this intro video, I cover:
- Why reactive tax planning ("income hits, call the CPA, find deductions") leaves serious money on the table
- The difference between a proactive tax structure and a simple tax filing
- Who this series is designed for, and why most people have never seen tax planning approached this way
- A preview of the Five D's: Defer, Divert, Displace, Deploy, and Deduct
If your tax bill never seems to get smaller no matter what you do, this series was built for you.
If your CPA hasn’t already discussed these tax-saving techniques with you, reach out to us, and we’d be glad to walk you through them.
