Abundant Life Strategies

July 2008

2008-06-12T13:19:00.002-07:00

Wally Saucedo International, Inc.

Abundant Life Strategies
for a
Healthy Wealthy Wise
Body Mind Soul

True Wealth Optimization System

Balanced Living Through Integrated

Personal Financial Planning

Professional & Business Planning...

Because You Are Worth It!

By Wally G. Saucedo III

Our Vision Statement

Wally Saucedo is the Trusted Professional who enables People and Organizations to Shape Their Future. Combining insight with integrity, Wally Saucedo delivers value by:

Communicating the total picture with clarity and objectivity,
Translating complex information into critical knowledge,
Anticipating and creating opportunities, and
Designing pathways that transform vision into reality.

Our Core Purpose for You

Making sense of a changing and complex world.

True Wealth Optimization

We believe “it is more important that Values are understood before Assets are valued”. You know how when most people think of assets, they usually only think of things such as money, their home, or their investments? Well, what we do is help people optimize all of their assets. In order of importance, we first optimize Human Assets such as your values, family, relationships, health, unique abilities, and time. Second, we optimize your Intellectual Assets such as your wisdom, education, experiences, alliances and skills. Third, we optimize your Financial Assets.

We believe that “True Wealth” is comprised of all three asset categories. Therefore, our mission is to assist families in identifying their stewardship responsibility to “true wealth” by creating unique systems, strategies and structure for family and financial empowerment with ongoing accountability to enrich quality of life without giving up choice and control.

7 Key Areas of Life

A balanced life is a Life of Joy. To realize your full potential you must gain balance in Key Areas of Life. We have chosen the following seven as a guideline.

___Spiritual

___Intellectual
___Physical

___Familial
___Social

___Professional
___Financial

6 Simple Steps

People today desperately want and need to shape their future the way they want it. The secret is to find advisors who combine insight with integrity and guide you through the “financial landmines”. The most highly trusted advisors deliver value by communicating the total picture with clarity and objectivity, translating complex information into critical knowledge, anticipating and creating opportunities, and designing pathways that transform vision into reality.

The best consultants today have systems that cover every aspect of your life to get you from where you are now to where you want to be. Your best consultants will establish close working relationships with you to uncover your most valued wants, needs and desires so they can design custom solutions that enable you to shape your future the way you want it.

Your advisors should always be looking for a better solution for you; should place a very high value on continuing education beyond certifications and believe it is important to continuously acquire new skills and knowledge their clients can use. The most effective leaders in the world are generalists who employ specialists who are smarter than they are. Has your current advisor spent over a thousand hours in class in the past year alone keeping up on accounting, financial planning, taxation, business and personal development in addition to utilizing an extensive audio and video resource library?

Advisors need a detailed understanding of their client’s financial goals and desires to offer customized choices designed to fit their needs on an ongoing basis. Today’s best advisors are not product pushers or investment generalists that orient their business around transactions; they are holistic advisors who embrace the importance of developing a Healthy Wealthy Wise Body Mind Soul. Their Core Purpose is making sense of a changing and complex world so you can enjoy life to its fullest. Here is the six-step process:

Step 1. Account for Where You Are

The world we live in has become so complex and overwhelming that many people do not know where to start to gain control!

___Are you leading a life of quiet desperation that is out of balance and out of control?

___Are you finding it difficult to make ends meet no matter how much time you devote?

___Are you looking for financial peace of mind and finding a continuous challenge?

___Are you burdened with credit card and student loan debt?

___With life expectancy at its longest ever are you waiting longer until retirement?

___Are you still using a tax preparer instead of a tax planner and missing the big deductions?

___Do you need a way to keep more income from multiple sources and accumulate more cash?

We help you take a Time and Money accounting of where you are now in Seven Key Areas of Life:

___Spiritual

___Intellectual
___Physical

___Familial
___Social

___Professional
___Financial

Step 2. Account for Where You Want To Be

Did you know that Success in Life has more to do will Goal Selection than ability? You deserve the best life has to offer. Be committed to developing your true potential so you can make a substantial contribution to society in the ways that are important to you. Be committed to setting and achieving goals in all 7 Key Areas of Life. We help you assign Time and Money values for each or your goals. If you miss your goal deadline then reset it.

___Goal Setting

___Budgeting

3. Devise a Plan

Our job is to help you Preserve, Multiply & Create Wealth. What many people fail to consider is that once that wealth is in hand it may be subject to taxation. Our job continues as we strategize tax Elimination, Minimization, Deferral and Conversion.

PERSONAL PLAN: You live in a very complex society that revolves around finances. Personal Financial Planning is in a constant state of development and requires a Collaborative Approach among Advisors. We help you develop a coordinated effort of the many advisors you will need to succeed and will include addressing the following areas:

___Accounting

___Asset Protection
___College Planning

___Debt Management
___Estate Planning

___Home Equity Planning
___Insurance-Life

___Insurance-Property
___Investments

___Legal Planning
___Mortgage Planning

___Real Estate
___Retirement Planning

___Tax Planning
___Tax Preparation

Our philosophy states that if you want to take advantage of the Tax Laws you have to be in business for yourself. Employees pay the highest tax rates, self-employed individuals pay less in taxes and employers receive the greatest tax benefits for providing jobs. Once you have a business as discussed below and you pull out the profits and drop them into your household, it is like having another business. Most people have their greatest Financial Wealth in their personal financial affairs and not in their business.

BUSINESS PLAN: Americans spend most of their money on taxes and interest. Our tax laws were written by businesspersons for businesspersons and if you do not have a business you cannot take advantage of the tax laws. Most of us have something we like to do. The challenge is to first determine what you like to do - those things you're good at, and that give you a great deal of satisfaction - and then repackage those skills into a business venture. When your Personal Financial Plan has been developed using various financial advisors and a need for additional financial resources has been determined in order to attain all your goals, it is then time to look at where your business needs to be financially. We are not only experts in everyday business operations; we are also experts in Business Strategies.

Wally Saucedo’s first business passion was accounting and taxation for business. We help you focus on building a business with planning, policies and procedures so the business operates like a machine with or without you. What you end up with is an asset you can sell later and not just another job.

Developing the Business Plan includes the traditional topics such as:

___Executive Summary

___Company Background
___Products

___Services
___Industry, Competition, Market

___Marketing Plan
___Operating Plan

___Management, Organization
___Goals & Strategies

___Financial Assumptions

Supplementing the Business Plan includes:

___Business Valuation

___Buy Sell Agreements
___Collaboration and Networking

___Entity Selection
___Financing Alternatives

___General Legal Counsel
___Employee Benefits

___Financial Reporting Systems
___Human Resources & Payroll

___Record Keeping Systems
___Sales Process

___Succession Planning & Exit Strategy
___Tax Planning

___Tax Preparation

Step 4. Implement the Plan

The best-laid plans are of no value if they are not implemented. We keep you accountable for achieving your goals by leading you through the implementation process on your Business and Personal Financial Plan.
Personal Financial Plan & Monitoring: Features a Comprehensive Financial Plan to achieve your goals in Seven Areas of Life. Monitoring with QuickBooks Accounting Software your monthly Personal finances including a Personal Balance Sheet and Personal Income & Expense Statement, monthly Abundant Life Strategies Newsletter, and Unlimited Phone Consultations.

Your personal finances evaluated by professionals addressing areas such as:

___Accounting

___Asset Protection
___College Planning

___Estate Planning
___Home Equity Planning

___Investments
___Legal Planning

___Life & Disability Insurance
___Mortgage Planning

___Property & Casualty Insurance

___Retirement Planning

___Tax Planning

Benefits are ongoing monthly monitoring through review of monthly personal financial statements with the intent to be:

___Increase Assets

___Reduce Debt
___Build Equity

___Increase Income
___Reduce Expenses

___Reduce Taxes

Business Financial Plan & Monitoring: Monitoring with QuickBooks Accounting Software your monthly Business finances including a Business Balance Sheet and Business Income & Expense Statement, monthly Abundant Life Strategies Newsletter, and Unlimited Phone Consultations. Features a Business Plan to achieve goals in Seven Areas of Life.

Benefits are ongoing monthly monitoring through review of monthly business financial statements and ongoing advice to systemize your business to free up your time and build your business to fund the needs of your household.

In order to ensure the success of our planning we reserve the right to require that certain financial products required to complete your planning be obtained through our recommended providers. Financial products may include mortgages, real estate, insurance products, annuities, retirement plans, etc.

Step 5. Monitor the Results

Personal and Business accounting systems are like report cards that measure the results achieved against the results you desire. As you develop your business the plan is to take tax advantaged money out of the business and drop it into your household which is like another business. In a world so dependent on finances, the best way to monitor results is with accounting software like QuickBooks to capture ALL financial details in your Personal and Business life. We help you set up recordkeeping and reporting systems to monitor progress toward your goals. We provide you with monthly, quarterly, semi-annual and annual recaps. Annual Advisor Review is a series of questions your individual team of advisors will be asked about the value they have provided and intend to provide to you.

Step 6. Adjust as Necessary

As you expand your vision of what an Abundant Life you can lead, you must adjust the dollar value attached to your goals and enter them into your financial accounting system. Include a lot of personal development in order to contribute more to the World and always remember to work on your business and not in your business by developing systems that run with or without you and create a business with value that can be sold for a large gain later.

This Type of Financial Service is Unique

The pursuit of excellence demands groundbreaking practices, acute insight and expert skills. Backed up by decades of rigorous study and practical application, we deliver precisely the tools and strategies you need to gain that control.

Your advisors should provide you with a one of one consultative approach because they have a fiduciary responsibility as your most Trusted Advisors to help you see the total picture with clarity and objectivity. Professionals with titles such as Coach, College Planner, CPA, Estate Planner, Financial Planner, Life Agent, Loan Officer, Mentor, Mortgage Planner, Property & Casualty Agent, Realtor, Registered Investment Advisor, Retirement Planner, Tax Planner, etc. best handle comprehensive solutions to your concerns with a multi-disciplinary collaborative approach.

I have identified the following 7 Greatest Mistakes You Can Make In Your Financial Plan

1. Not Being Comprehensive in your planning

Just because someone calls himself or herself, a financial planner does not mean you get a financial “plan”. Most financial “planners” are merely product salespersons. A Comprehensive Financial Plan includes numerous critical products and services such as Asset Protection Planning, Cash Flow Management, College Planning, Estate Planning, Insurance Planning, Investment Planning, Mortgage Planning, Retirement Planning, Tax Planning, etc. to name a few.

2. Not Being Collaborative in your approach

No advisor can know everything about financial management and all the necessary products and services needed in a Comprehensive Financial Plan. Various advisors that must work in a collaborative manner on the overall financial plan include Banker, Certified Public Accountant, College Planner, Estate Lawyer, Certified Financial Planner, Insurance Agent, Mortgage Planner, Registered Investment Advisor, Stock Broker, Tax Planner, etc. to name a few.

3. No Lead Advisor

Even if a person were to assemble all the proper professionals involved in their planning there is still a need for a Lead Advisor to Orchestrate and oversee the plan. One advisor's recommendations may appear to conflict with another advisor's recommendations if the whole story is not known, understood and communicated.

4. Not Being on Top of Your Numbers

We are a very highly educated society; however, we are not money management in school. Financial Illiteracy is a major problem within our society and many people are totally in the dark and willing to hope their advisors are knowledgeable. We advise everyone to track their finances for both business and personal affairs in a good piece of accounting software like QuickBooks.

5. Not Integrating Business and Professional Planning

For most people the Comprehensive Financial Plan is an expensive undertaking involving various products and services. There may also be separate fees for ongoing Wealth Management services to oversee the Financial Plan. Often times, there is simply not enough money to go around. Optimizing professional and business opportunities are crucial considerations to supplement the Financial Plan. When you take profits from your business and drop them into your household, it is like having another business that needs to be properly managed; and that is where most of your wealth is. Your Lead Advisor must not only be an expert in Personal Financial Planning but also very well versed in Business Planning and Management. Another key consideration is that with a business, many non-tax deductible expenses become tax-deductible business expenses.

6. Not Integrating Life Planning

Life planning is a step beyond quantitatively driven Wealth Management, which is the implementation of the Financial Plan. With Life Planning your dreams, goals and aspirations in Seven Key Areas of Life become the main focus — not your balance sheet and cash flow. With Life Planning, your Lead Advisor sets no limits on what is possible for you and our life.

7. No Annual Review

Financial Planning is an ongoing process that is continually evolving. Your team of advisors needs to know the changes in your life to advise accordingly. We recommend an annual review of your advisors to ensure they are serving you to their fullest capacity.

In a general sense, as I look at the array of financial issues to be addressed in True Wealth Optimization I see a hierarchy as follows:

A. Diamond Level Accomplishment

12. Self-Actualization
11. Life Re-Engineering
10. Financial Independence

B. Emerald Level Accomplishment

9. Business Development
8. Asset Protection Planning
7. Tax Planning

C. Ruby Level Accomplishment

6. Bookkeeping
5. Self-Employment
4. Estate Planning

D. Sapphire Level Accomplishment

3. Investments
2. Insurance
1. Income Tax Filing

You Probably Have Questions

I already have a financial plan! This program and its contents are under constant development. Wally Saucedo states it this way: “I am always looking for a better solution for my clients.” Wally Saucedo is naturally drawn to financial concepts and solutions and has devoted his life to sorting through the array of concepts in the profession. When was the last time you were approached by a professional who mentioned 1. Life Goals,

2. Personal Finance and 3. Business Finance in the same sentence. Worst case, you get another opinion on your current plan by taking advantage of your RISK-FREE NO-OBLIGATION consultation.

How long will it take? Some of our most valuable strategies can be developed in a matter of hours through Tax Planning & Business Development. For many people taxes and interest are their biggest expenses and there are strategies for both that are worth millions of dollars in wealth. You will typically use a one year time frame to get started on your journey of Life Long Development and recognize the need for ongoing monitoring through the various Life Stages. Your financial strategies will vary throughout life stages such as childhood, college years, career, military & reserves, couples & marriage, parenthood, home ownership, entrepreneurs, life crises, sandwich generation, retirement & estate planning.

I already have an accountant and CPA! You also have insurance agents, investment advisors and various other advisors available who are all working (in the dark) like the blind men washing the elephant. One blind man thought the elephant was like a large leaf (the ears) , one blind man thought the elephant was like a snake (the trunk), another blind man thought the elephant was like a tree (the legs) and the final blind man thought the elephant was like a wall (the sides). All four blind men were right, but none were completely right. A collaborative approach will help you and your advisors see the complete picture with clarity and objectivity. Don’t be satisfied with “advisors” who work with your history doing bookkeeping and tax preparation; speed up the picture and take yourself out into the future your really deserve. Wally Saucedo is an entrepreneur who has undergone extensive training and continuing education in numerous fields of expertise. Wally Saucedo holds licenses as a California CPA (Certified Public Accountant) (67156), California Life Agent (0760857) & California Real Estate & Mortgage Professional (01364013). Wally’s continuing education includes Mortgage Planner, College Planner, and Missed Fortune 101 T.E.A.M. (The Equity Alliance Matrix) Member. Wally Saucedo is uniquely qualified to help you orchestrate the many advisors you will need to achieve high levels of financial and personal success. You are the Chief Executive Officer of your life and Wally Saucedo is your Chief Financial and Personal Development Officer.

I can do it myself! The American Institute of Certified Public Accountants launched its 360 Degrees of Financial Literacy program because Americans have a serious problem; they love money and don’t know how to use it wisely. If you are reading this Special Report then you are looking for a better solution right now, can you afford to waster another decade or two? New tax laws, more sophisticated investments and evolving financial strategies are enough to overwhelm even the finest financial advisors.

I’m too busy! Your Free Consultation could be the most valuable time of your whole life! We are Financial Strategists, we do all the work. One strategy alone could increase your assets by $100,000. Another strategy could decrease your debt by $100,000. The third strategy could increase your income by $100,000. The 4th strategy could decrease taxes by $100.000. One strategy upon another multiplied out over a lifetime is what you will need to become a Millionaire.

When can we get started? It is recommended you start this process right away because life is certain and life is uncertain. You certainly can achieve the Life of Your Dreams and opportunity can pass you by and tragedy can strike at any time. Small shifts in finances now, multiplied out over a lifetime will make a tremendous difference in future monthly income.

How Much Does It Cost? A very small percentage of the benefit you receive. This is an investment in regaining Your Life; developing a plan that sets you free to live the life, you love. A good Trusted Advisor will find you an extra $100,000 or a $1,000,000 that you did not know you had. Developing your business will create an extra $100,000 or a $1,000,000 that you will need. If you could save an extra $100,000 in taxes, how much is that worth to you? How much would you pay to put an extra $1,000,000 in the bank? Our fees range from free on evaluations and commission based financial solutions to professional hourly rates to a percent of assets under management. For instance, at our highest level of service if you have cash, investments, homes, etc. totaling $1,200,000 our fee is $12,000 for a one-year consulting engagement whereby we have your affairs evaluated numerous professionals.

Your Guarantee

We will uncover opportunities in your RISK FREE-NO OBLIGATION consultation GUARANTEED or if we cannot help you, we will let you know. What’s the worst that can happen, you get a confirmation that every aspect of your current plan to become a millionaire is right on track, right? What’s the best that can happen; we help you achieve a balanced life and gain control of your personal & business finances. A collaborative approach to planning your future is the surest way to get to your destination with the least effort. Have you ever been given the wrong financial advice? Maybe you have and don’t even know it. You can cancel service at any time but remember you are buying money at a discount by significantly improving your financial position in the following ways:

___Preserving Assets

___Increasing Assets
___Managing Debt

___Growing Net Worth
___Increasing Income

___Diversifying Income
___Creating Tax Free Income

___Increasing Tax Deductions
___Deferring Income Taxes

___Reducing Income Taxes

What others are saying about this process

“I think this is a great process that you are going through. I would love to sit down with you as you go through this process to share any insights that I have about this process and how I can help you. You think outside the box.”

Laura Stees CPA – Cobb Stees & Company LLP - Rancho Bernardo, CA - CobbStees.com

“It’s always great to hear that valued associates are on their way to increasing their true potential and value added offerings.”

Lanny Moldofsky - PBOT Financial Group - San Diego, CA - CaliforniaBusinessBrokers.com

“Thanks very much for your time and consideration yesterday.
I appreciated meeting with you and receiving valuable knowledge.”

Martha Kahn – Yes I Kahn….Make You Sound Good - Encinitas, CA – yesikahn@yahoo.com

“I have listened to our CD about three times, you’re a very interesting man (smile) and definitely knowledgeable about your financial field, I feel like I know you well and I am sure that has added to your success because your CD makes one feel that you’re their friend.”

Carol Young - Your Travel Biz (YTB) – San Diego, CA – Arise2Travel.com

Win-Win Bonus Pile On

For a RISK-FREE NO-OBLIGATION consultation, please complete and submit the following to me via email or fax:

R Factor Questionnaire for each of Your Seven Key Areas of Life
Personal Financial Snapshot of your Assets, Liabilities, Incomes & Expenses
Personal Financial Questionnaire of Simple Yes or No Answers

During your RISK-FREE NO-OBLIGATION consultation, you will receive:

Free Personal Financial Planning Evaluation
Free Review of Estate Plan, Insurance, Investments, Retirement Plans
Free Business Financial Reporting Evaluation
Free Review Prior Years Tax Returns

Platinum Level Service Key Provisions

___Includes Gold Level Service
___A One Year Program
___Seven Key Areas of Life Goal Setting
___Six Simple Steps System
___Year-Round Financial Planning
___Fee: 1% Of Gross Estate
___Fee: $1,000 Per Month Minimum*

*See Schedule of recommended Fee Based & Commission Based Advisors – not all may apply to your situation.

Gold Level Service Key Provisions

___Includes Silver Level Service
___Monitor Personal Finances Monthly
___Monitor Business Finances Monthly

Silver Level Service Key Provisions

___Includes Bronze Level Service
___Prepare Personal Income Tax Returns
___Prepare Business Income Tax Returns

Bronze Level Service Key Provisions

___Annual Review of Business Plan
___Annual Review of Estate Plan
___Annual Review of Insurance Coverage
___Annual Review of Investments
___Annual Review of Mortgage
___Annual Review of Retirement Plan

Contact Us Now to Get Started

Gain control of your life and live in abundance doing what you want when you want

Wally G. Saucedo III, CPA
Missed Fortune T.E.A.M. Advisor
Life Agent #0760857/ DRE #01364013
Phone (760) 977-5902 Fax (866) 927-1664
http://www.wallysaucedo.com/ – admin@wallysaucedo.com

June 2008

2008-06-12T13:19:00.001-07:00

Saturday & Sunday 14th &15th

Ann DeVere's MBA in Marketing Program featuring 9 Touch Points:

1. Grab Their Attention

2. Shake Their Confidence In What They Are Doing NOW

3. Build Their Confidence In YOU

4. Wow Them With Your Service

5. Overcome Their Objections

6. Your Hassle-Free Guarantee

7. Roll In Your Testimonials

8. Make It Easy To Contact You

9. Win-Win Bonus Pile On

For more details: http://anndevere.com/

April 2008

2008-06-12T13:17:00.001-07:00

Monday-Wednesday 7th, 8th & 9th

Missed Fortune/Last Chance Millionaire TEAM (The Equity Alliance Matrix) Refresher Course with best selling author Douglas R. Andrew. For more details see: http://missedfortune.com/

March 2008

2008-06-12T13:16:00.001-07:00

Wednesday 5th

LifePro.com Business Markets Training event by PeachTree on their Leveraged Bonus Program. LBP® 401(k) Plus is a targeted, deductible solution for your "Top Heavy" or "Safe Harbor" 401(k) plan participants, at a fraction of the cost.

February 2008

2008-06-12T13:14:00.001-07:00

Saturday 9th & Sunday 10th

Attended Persuasion and Influence Mastery A Seminar By Eric Lofholm. This event is more commonly known at The Close. Eric is a master of the sales process:

1. Lead Generation
2. Appointment Setting
3. Trust & Rapport
4. Identify Customer Needs
5. Share the Benefits
6. Close
7. Handling Objections
8. Follow Up
9. Referrals

Eric had guest speaker Tony Martinez give a presentation titled Success by Precise Design which I recorded and summarized and integrated into my teachings as follows:

Wally Saucedo International Inc
Abundant Life Strategies

Success by Precise Design
By Toni Martinez
Mentor to Eric Lofholm

Success that lasts forever is due to your alignment with your Purpose in Life. Where does your greatness lay? In service, that affects the lives of others for the better. Decide to Impact the Lives of Others with Your True Vision, which is:

“a perfectly clear picture of an ultimate destination and a detailed roadmap to get there in a designated period of time”

If you are going to have precise outcomes then you must have precise plans. The only way to take precise actions is to have precise plans. Just having precise plans is not enough. You can have precise plans set them on the table and nothing happens. The only way to take precise actions is to have precise plans. The reason most people are not accurately hitting goals or are not hitting goals at all is the actions they take are not precise to accomplish the goals they want to accomplish. They are not precise because the plan they have is either not there or not good enough. There is a way with precise plans you can take precise activity; with precise plans and activity, you can get precise results. Success is a habit and habits are actions. Precise actions create precise habits.

__Purpose Creates Vision
__Vision Creates Goals
__Goals Create Plans
__Plans Create Actions
__Actions Create Habits
__Habits Create Outcomes

Everything begins in thought, what outcomes do you want in Seven Key Areas of Life?

__Spiritual
__Intellectual
__Physical
__Familial
__Social
__Professional
__Financial

Ask yourself this question about the Seven Key Areas of Life:

If we were meeting here __________ (timeframe e.g. 3 years) from today, looking back over those __________, (timeframe e.g. 3 years) what has to have happened during that period for you to feel happy with your progress.

Go to EricLofholm.com for free audio downloads, live events, free teleconferences, etc.

January 2008

2008-01-08T22:54:00.001-08:00

Wednesday 22nd

2008 Life Symposium - LifePro Financial Services Inc

Estate Planning - "there have been some changes in the law recently and it would be to your advantage to have my team members review your plan"

"Show people the problems, show them the solutions, they will be moved to act" Bill Gates

Thursday 17th

Missed Fortune/Last Chance Millionaire Presentation

LifePro office in Del Mar CA

Tuesday 8th

My birthday - "I am having a good time in this life" Also born on this day is David Bowie, Stephen Hawking, Elvis Presley

December 2007

2007-12-26T18:36:00.001-08:00

December 15
Self-Realization Fellowship
All-Day Christmas Meditation

In celebration of Spiritual Christmas before Social Christmas. From 10am until 6pm. A series of six meditations with other devotees of Swami Paramahansa Yogananda of India. The eight hour meditation was easily completed because it was intermixed with chanting, recordings and song.

December 11
Anne DeVere - Marketing Blueprint Developer
Pat Carney - The Referral Institute

Identifying and marketing to your ideal client.
Developing your network of professionals to promote your business.

December 4
By Referral Only Workshop
The Secrets of Top Producers

An amazing overview of seeing your business and clients in the Before, During and After the transaction mode. How to create an extraordinary experience for clients.

Missed Fortune

2007-11-19T21:25:00.000-08:00

Spent two days in training for Missed Fortune Associates. A federation of TEAM members and Missed Fortune supporting financial organizations that are committed to doing it right.

See more details at:

http://www.wallycpa.com/site/view/71361_LastChanceMillionaire.pml

True Wealth Optimization - What is True Wealth? - We believe it is more important that values are understood before assets are valued.

http://www.youtube.com/watch?v=wX3lg-plMxw

Home equity has no rate of return, see for yourself below:

http://www.youtube.com/watch?v=xvckL1VMGe8

Lilly Wally Tam Encinitas Meditation Gardens

2007-11-15T22:58:00.000-08:00

Sunset Cliffs San Diego Nov 2007

2007-11-15T22:32:00.000-08:00

Oceanside Harbor Oct 2007

2007-11-15T22:27:00.001-08:00

Year-End Income Tax Planning

2007-11-08T23:04:00.000-08:00

November 2007

SUBJECT - YEAR-END INCOME TAX PLANNING

Dear Tax Payer,

I want you to pay less income tax now and forever! My team and I have been studying the tax laws for you. Do not wait until the last minute; we want to make sure your tax bill is cut as much as possible. The amount depends on you.

In our business, it is not often that we can tell our clients that their tax burden will be less. Of course, how much less depends on many things, but most importantly, it depends on knowing where the real savings are. Armed with knowledge of the tax codes, we will be able to help you plan and access the highest reduction available based upon your individual situation. Our tax planning services will help you avoid the traps that could cause serious tax and major personal financial consequences by eliminating, minimizing, deferring and converting taxable to non-taxable income.

I am currently providing my clients with tremendous value by helping them strategize their 2007 income tax returns. Many people simply have their returns “prepared” by someone who takes what you hand them and run it through the tax software. All of my clients are self-employed individuals. I prepare their business and personal tax returns. What that means in tax dollars is at least a 10% federal tax bracket, 15% self-employment tax and 9.3% state income tax rate. If I find an additional $10,000 in deductions, you come out $3,500 ahead by paying less tax.

The U.S. utilizes a progressive tax system and the more you make the more you pay. Imagine how happy my clients are when I strategize an extra $100,000 in deductions. What if we could strategize “tax free” income that did not need deductions to reduce the tax? Another strategy I utilize is having my client reconstruct where “all” their money went during the year. These strategies allow me view all the clients business and personal affairs, and devise strategies for items that might not ordinarily be deductible. The strategy also allows me to spot financial planning opportunities for growing and preserving wealth.

Planning your taxes starts TODAY! Many planning steps must be taken by December 31. Do not wait to start you planning. Take advantage of the new tax reduction laws with professional tax planning advice. Call our office today at (760) 433-5902 to schedule a review of your current tax exposure. We look forward to working together to take advantage of the new tax reduction bills and saving you money.

Sincerely,

Wally G. Saucedo III, CPA

FIVE INCOME TAX PLANNING STRATEGIES

What are the Super Wealthy doing right now? They are reaping the benefits of their Long-Range Tax Planning from last year and meeting with their Tax Advisors to finalize their 2007 Income Tax Planning. In about 50 days, 2007 will be over and done, no more tax planning, just complying with the Tax Code at that point. In just about 125 days, April 15, 2008, personal tax filing deadline will be here. Anyone out there who has not filed for 2006 yet?

It has been said that the three most costly words in the English language are “Do It Yourself.” Sometimes it can be downright dangerous – like in the case of brain surgery, which I’m not even sure would be a possible do it yourself project. Mostly it just costs you a lot of money, like when people try to do their own tax strategies and tax preparation.

Now is the time to do 2007 Tax Planning. Five generalized strategies are outlined below:

1) Accounting Systems

You cannot tell where you are going if you do not know where you have been or where you are at. Financial statements are the windows to your Financial Soul. There are two basic reports ALL YOUR ADVISORS NEED to properly advise you.

The Balance Sheet or Statement of Financial Position lists all your Assets such as cash, investments, jewelry, cars and homes. The balance sheet also lists all your Liabilities such as credit cards, personal loans, auto loans, lines of credit and mortgages. The net result of Assets minus Liabilities is Equity. Has your equity increased or decreased this year?

The Statement of Income and Expense lists all your sources of income and subtracts all your expenses to arrive at a profit or loss. Do you need to increase your income? Are your expenses out of control?

By using accounting systems for business and personal affairs, you are then working in a controlled environment. Have you ever gone to the ATM, pulled out $300 a day on a business trip and not save one receipt? In accounting an ATM transaction reduces the bank account and increases the petty cash account. A large balance in the petty cash account raises a flag that money is being spent and receipts are not being turned in when the petty cash is spent.

2) Income Engineering

The three different types of Taxable Income are 1) Earned like a W-2 from a job 2) Portfolio from security investments and 3) Passive from rental type businesses. Our job is to convert as much of your taxable income as we can to Tax-deferred, which is taxed later, or Tax-free which is never taxed. Changing the character of income dramatically reduces current taxes and provides even greater benefits over the long-range when the money saved in taxes is invested.

3) Deductions

Deductions are used to reduce taxable income. Our goal is to 1) find missed deductions, 2) organize your affairs to create deductions, 3) accelerate deductions into the current year, 4) etc.

Common Mistake – Election - Section 179

Sometimes you can amend past tax returns to recover from tax return filing mistakes. However, there is one thing you cannot recover from: a missed tax election. Typically there is a “default” tax position that the IRS takes and in some cases, you are allowed to do something differently, but only if you file a tax election along with your return.

A common tax election is something called a Section 179. If you buy furniture, equipment and the like for your business typically you have to capitalize the expense (treat it as an asset) and then over time depreciate it. Code Section 179 permits the taxpayer to take a deduction of the whole cost of the business property in year one, thereby accelerating the deduction. You must make an election to do so. If you file your return without making the election, you cannot go back and change it. You are stuck. This missed election could cost you $35,000 in taxes if you had about $100,000 in qualifying expenses.

4) Business Entities

Proprietorships, Partnerships, S Corporations, C Corporations, Limited Liability Companies, Limited Liability Partnerships, Trusts, etc. all have different tax codes to comply with. Some of the key considerations to selecting an entity type are 1) tax benefits 2) liability protection 3) capitalization structure 4) compensation 5) etc. Depending on your personal situation, certain entities will serve you better.

Common Mistake - Too Much Salary - S Corporation

If you have an S Corporation, there are two ways that you can receive income. One is through salary. It is income to you and an expense for the company, which is a flow through item to you anyway. Therefore, it is tax neutral except for the payroll taxes. The taxable income that is left within the S Corporation is taxable to you, is reported via K-1, and is not subject to payroll tax or self-employment taxation.

Generally, most people want to minimize the salary they take from the S Corporation because that money is subject to payroll taxes. Ever so often, I run into someone who wants to maximize his or her salary for other reasons, such as funding a pension. However, if you do this, make sure you do it right!

I know of another CPA’s client that had made a major mistake regarding salary. In their case, they had taken a salary that was much larger than the income of the S Corporation. That meant that the salary had to be reported as income on their personal income tax return. It created an expense in the S Corporation. Typically, that would not be a problem. However, in their case it was. You see they did not have enough basis in the S Corporation to claim the loss. They had actually created PHANTOM income and then had to pay tax on it! The cost to them for this mistake: $35,000 in taxes that they should not have had to pay.

If you had a choice of investing $10,000 and either 1) make $10,000 per year in income or 2) save $10,000 per year in taxes, which would you choose? Tax savings will always put more money in your pocket. Now, what if it would only cost you a few thousand dollars to get that return?

5) Advanced Financial Planning Strategies

Our goal is to take your current financial affairs, blend them with your Dreams and Aspirations and Create the Life of Your Dreams. More on this strategy in December.

Warmly,

Wally Saucedo
Financial Strategist

Risk Free-No Obligation - Contact Us Now to Get Started

Gain control of your life and live in abundance doing what you want when you want.

Wally Saucedo CPA – Accounting, Business Advisory & Taxation
Wally Saucedo International Inc – Abundant Life Advisor & Financial Strategist
Wally Saucedo Financial Services – Insurance, Investments, Mortgage & Real Estate
Dial (760) 433-5902, and request your Free Consultation!
http://www.wallycpa.com/ WSCFO@Cox.net Fax: (760) 231-5055

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