How To Reduce Your Tax Liability And Protect Your Assets

Todd Mardis is the founder and president of Capital Preservation Services, CPS. He draws upon 25 years of experience in the financial services industry. With his extensive experience, Capital Preservation Services has since grown into a tax consulting firm with multiple locations in Mississippi, Florida, Wisconsin, Indiana, and Alabama with over 10 advisors. Dustin Jeffords who is a tax attorney serves as an outside legal counsel for Capital Preservation Services. He focuses on audit defense and building relationships with his clients. His skillsets have facilitated significantly to the continuous growth and success of Capital Preservation Services.

Todd provides clients with comprehensive income/estate tax planning and asset protection, as well as targeted capital preservation services and marketing plans. He is the co-author of ‘Capital Crusaders’, a book that gives you the keys to your financial future. It teaches you to think outside the box and how to take risks. To show his appreciation for his clients, Todd hosts an annual event known as “Tax Savings in the Sand” that includes a wine and cheese reception at his family’s beach cottage.  

Listen in as they discuss:

• What inspired Todd to start his tax business 
• How did Dustin begin his career at Capital Preservation Services and what is his role
• What is Capital Preservation Services’ tax plan for their clients

And, more!

Todd also shares with us the worst advice he has ever seen or heard given in his area of expertise of tax strategy and marketing.

TIP OF THE WEEK

Mark: My tip of the week as good as Scott’s is not really going to save you any money on your taxes, which again is your biggest expense as a business owner. To learn more, go to cpsllcms.com. Working with these guys is just one of the greatest experiences in my life.

Scott: Check out this book, Advertising Headlines That Make You Rich: Create Winning Ads, Web Pages, Sales Letters, and More by David Garfinkel. Read it and learn!

Todd: My tip would be a book by Walt Dallas that I co-authored called Capital Crusaders, it has great insights. We take all of the techniques that we do, and we have it leveled how they work. It’s 12 Chapters, easy to read and it’s conversational.

Dustin: My tip of the week is to look inside the CARES Act and there are some deductions that were not available previously, especially for mails. So you can look at the CARES Act and see if you took any business mails that will now be 100% deductible with the passing of the CARES Act.

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