Proactive Tax Strategy vs Tax Preparation: What’s the Difference?

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If you are an entrepreneur or small business owner, having a good accountant is essential for the function and success of your business. You need someone to make sure your books are in order, and you have properly paid your taxes–in other words, good tax preparation. However, if you want help lowering your taxes, increasing […]

10 Unseen Money Losers that Impact your Small Business Capital Gains

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10 Unseen Money Losers that Impact your Small Business Capital Gains

You’ve got a small business, and it’s finally starting to turn a profit. Your capital gains are rising, and things are looking good. But you’re not out the woods quite yet. There are still multiple ways you can lose money and reduce your capital gains. Overall, to keep more of what you make, you need […]

3 Investment Strategies That Financial Planners Employ That Make or Break Small Business Growth Potential

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3 Investment Strategies That Financial Planners Employ That Make or Break Small Business Growth Potential

Running your own small business isn’t easy. Your capital might be low and you’re wondering how to pull together enough resources to keep afloat, let alone figure out how to grow your business.  Although it would be ideal, you really can’t run a business on your skill and sheer determination alone. Good news–even small businesses […]

How our Strategic Assessment Meeting Ensures Your Tax Savings Success

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How our Strategic Assessment Meeting Ensures Your Tax Savings Success

  Just like anyone else, you want to save money on your taxes, whether it’s for your small business or personally. But how can you ensure your tax savings success? One way is to set up a plan for what you do with your taxes. But what should your plan be? And how do you […]

How does the IRS view the Stormy Daniels hush money?

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What does the IRS think of Stomy Daniesl hush money? How should Trump's attorney classify the payment?

Some people spend their whole lives grasping for the white-hot spotlight of fame. Others avoid it like the plague. Still others work to stand out in their field, only to make headlines for entirely different reasons. Porn “star” Stormy Daniels clearly falls into that third group. The 38-year-old performer excels in her craft, with spots […]

5 Ways to Save Big on Taxes for Your Small Business

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5 ways to save big on taxes for your small business

The IRS tax code actually provides many ways for small business owners to save big on their taxes–ways that many of which business owners may not be aware. Here are just five: Lease Your Home to Your Business for the Maximum Time the IRS Allows Your home has to be rented for less than 15 […]

What Is the Tax Blueprint and Why Should I Care?

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What Is the Tax Blueprint and Why Should I Care?

It’s safe to assume that most business owners and individuals are overpaying their taxes without even realizing it. Without a clear tax plan to guide you through the year, you’re probably one of them. That’s why Financial Gravity created its unique tool known as the Tax Blueprint in order to help its clients navigate the […]

Financial Gravity’s 3-step Process To Help You Save Big And Increase Your Business Revenue

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Financial Gravity’s 3-step Process To Help You Save Big And Increase Your Business Revenue

You are almost certainly losing more money than you should to taxes. In fact, you could say that like as not, your business finances are needing a trip to the emergency room. Chances are, you’re losing more revenue than you should. How can you stop overpaying taxes and increase your business revenue? Fortunately, the doctor […]

5 Things Your Accountant Should Be Telling You About The New Tax Law

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5 Things Your Accountant Should Be Telling You About The New Tax Law

The Tax Cuts and Jobs Act of 2017 represents a major overhaul of the tax code. As a business owner, your accountant should be advising you about the upcoming changes to the tax code and how to best use it in order to keep more of your income. Here are five important changes about which […]

Financial Gravity launches The New Tax Law – the first 2018 tax law primer

The Tax Cuts and Jobs Act of 2017 may well be the most important tax law passed in the last three decades. While its focus is ostensibly on lowering corporate tax rates, it contains legislation that will lower taxes for many Americans from every segment of society.

CPAs Lack the Ability to Think Outside the Canvas

How are small business owners and entrepreneurs like artists? Well, they combine their passion and available supplies (such as laws) to create a masterpiece (products and services that people actually want.) Entrepreneurship is associated with risk because, well, it’s risky to quit your day job with a consistent salary to start a new venture with […]

As a Small Business Owner, Self-Investment is the Best Investment

Maybe you graduated with honors with a major in Communications and a minor in Business Management only to start a few side hustles in order to pay your student loans, or maybe you’re more of a self-learner, skipping college to jump straight into the workforce only to realize that you were more of a leader […]

Do These New Year’s Resolutions for Small Business Owners Sound Familiar?

Photo by Allef Vinicius on Unsplash

As a small business owner, you probably don’t have enough time to think about what you’re having for dinner let alone what your New Year’s resolution might be. That’s why we’ve created this list of resolutions for busy small business owners like you and then provided you with Financial Gravity-tailored solutions! New Year’s Resolutions for […]

John Pollock Stops By New to the Street to Give Small Business Owners Tips to Grow Their Wealth

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Many people have the dream of becoming wealthy but have no idea how to get started or who to turn to for help. It’s no wonder when there is so much conflicting information out there. On this episode of New to the Street, host Jane King and Financial Gravity CEO, John Pollock, discuss how Financial […]

If you’re being too generous with the IRS, you need a clear tax reduction plan

Are you being to generous with the IRS?

Every small business owner needs a clear tax reduction plan As a small business owner, are you more like Kris Kringle or Ebenezer Scrooge? Before you answer, consider this bit of information. If you’re a small business owner, it’s VERY likely you’re paying TOO much in taxes. Why? Because you don’t have a strategic tax […]

Take This Tax Quiz to Find Out if Financial Gravity is Right For You

One of our company-wide goals is to help small and medium business owners retain their hard-earned capital through Strategic Tax Planning. If you think you may need a strategic tax plan, but you still aren’t sure, take this quick tax quiz below to find out. Financial Gravity Tax Quiz 1/ Are you an SME or […]

What do we mean when we say we offer Strategic Tax Planning?

Financial Gravity isn’t just your average run of the mill financial services company whose sole purpose is to create a transaction or sell you a strategy or product. We exist so that we can help small business owners like you lower their personal income taxes, increase their profits, and attain greater wealth. So, how does […]

Though Some Advisors’ Initials Imply Years of Education and Experience, Most are Marketing Gimmicks

Though the initials behind a financial advisor’s name might initially make them appear more professional, intelligent or experienced, that isn’t always the case. You’ll have to dig a bit deeper into the advisor’s business model before you give him or her or stamp of approval (and reigns to your money wagon.) Though some senior designations […]

10 Tax Write-Offs You Never Knew Existed

We get it. The tax code is daunting (it’s over 70,000 pages long after all). As a small business owner, it’s unlikely you have time to finish reading an entire New York Times article, let alone memorize all 70,000 pages of the tax code. That being said, there are TONS of tax write-offs located in […]

Here are three clients who are thankful for Financial Gravity’s tax-centric financial advice

Tax-centric Financial Advice

It’s that time of year again, a time to reflect on all the things you are most grateful for. Similar to raising a child, starting and maintaining a successful business can’t be done unless you enlist the help of an entire village. By implementing some of Financial Gravity’s tax-centric financial advice, small and medium-sized business […]

The Current Financial System is Biased and Irrational

Billionaire Warren Buffet wisely said, “someone’s sitting in the shade today because someone planted a tree a long time ago.” There is no denying that financial planning is an essential part of your business (if you want to position yourself for success), but what do you do when the current financial system is either biased […]

Financial Gravity Tax October Conference Adds New Partners; Key to Increasing Revenues

Allen, TX – (NASDAQ Wire – November 9, 2017) Financial Gravity Tax, Inc., a subsidiary of Financial Gravity Companies, Inc. (OTCQB: FGCO), is pleased to announce the addition of key new Partners with the conclusion of its 2017 October Partner Program Conference. Financial Gravity President & Chief Sales Officer Dan Sundby said, “Financial Gravity drives […]

Want to Lower Your Tax Payments, Increase Your Profits, and Realize Great Wealth?

Some would have you believe that because pizza and donuts share the same primary ingredients, flour and water. They must be the same thing!? However, business is more like art. Standing in front of the Mona Lisa, one can say that it is no different than a child’s drawing, after all they share two ingredients. […]

Financial Gravity is Your Go-To Financial Services Company (Regardless of Your “Doneness” Level)

We talk a lot about how we save small and medium-sized business owners money on their personal income taxes, but did you know that we also offer a LOT more than that? Whether you are a Rare, Medium, or Well-done business owner, Financial Gravity exists so that we can help small and medium-sized business owners lower […]

As a Small Business Owner, There Isn’t Anything Scarier Than Taxes

So what do the IRS and clowns have in common? If you guessed “they are both terrifying!” you’d only be half correct. As a small or medium-sized business owner, taxes are only scary if you don’t have a sound tax saving strategy in place. Clowns, on the other hand, are creepy no matter what. Sorry, Bozo.  As your business […]

Financial Advisors are Salespeople, Not Advisors

The financial planning planet is currently driven by products, commissions, and transactions. Financial Gravity, however, operates in an entirely different universe. Instead of selling products like most financial advisors, we are “product agnostic” –meaning we let the Tax Code determine the best product for you. If you don’t want the product. Fine! We will present […]

CPAs Aren’t Advisors, They Are Accountants

A few weeks ago we asked our Twitter followers who they turned to for financial advice.  Not surprisingly the majority of responders wrote in that they turned to their accountants or CPAs. Now just because we weren’t shocked to see this result, doesn’t mean we were any less offended. We aren’t sure when this myth started, […]

What Will You Do With All That Extra Money in Your Pocket?

Financial Gravity exists in order to save entrepreneurs and small business owners (like YOU) from paying too much in taxes. So, what will you do with all that extra money in your pocket? Whatever you want! The possibilities are endless (although, as shiny as it seems, we don’t recommend buying that diamond encrusted fidget spinner for […]

Ed Lyon Explains Trump’s Latest Tax Reform Framework

The Trump administration and congressional Republicans have just released their latest tax reform proposal, grandly titled a “Unified Framework for Fixing Our Broken Tax Code.” We’re not sure anyone doubts that the code is broken, but time will tell whether this becomes the solution. The “framework” still lacks enough detail to tell us the full […]

Three Examples of People Who Didn’t Seek Out Strategic Tax Planning

Before we start, I want to define what strategic tax planning actually is. Strategic Tax Planning is a phrase coined by Financial Gravity, but it’s a pretty basic concept. Lowering taxes increases profitability and grows wealth. Unlike other tax-related services and solutions, at Financial Gravity we’re committed to working with you personally to proactively develop a […]

The Tax Code is Meant to be Used, not Feared

What is the Tax Code?  Formally known as the Internal Revenue Code (or IRC for short) is a set of laws enforced by everyone’s favorite branch of government, the Internal Revenue Service (IRS). Included in the IRC (which is over 70,000 pages, by the way), are all the relevant rules concerning income tax, gift and […]

What does it mean that Financial Gravity is MORAL, ETHICAL and LEGAL?

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If you follow Financial Gravity on social media or if you regularly listen to John Pollock’s weekly podcast, then you’ve probably already heard us say, many times before, that we are a Moral, Ethical, and Legal company. But what does that mean exactly?  MORAL- Financial Gravity treats others how we like to be treated.  John Pollock […]

Financial Gravity Donates Backpacks to SoupMobile

Financial Gravity’s staff recently organized a backpack drive for a Dallas charity called SoupMobile. Last Saturday morning, Dave (President of Financial Gravity Wealth) and Adrienne Crowley (Director of First Impression) delivered forty-nine backpacks, each with a McDonald’s gift card inside, to this non-profit. Founded in 2003 by David Timothy, a.k.a. The SoupMan, SoupMobile is a […]

We Need Your Help Building Odele™

Last week, we introduced you to Odele™, the tax planning assistant software that is going to disrupt the financial services industry as we know it. This week, we are going to tell you why we need your help designing her brain. Wait, I need to design a brain? Who exactly is this contest for? Software […]

Want to Help Us Digitize the Tax Code?

Hero X

Financial Gravity wants to digitize the tax code in order to make sure that everyone (not just the uber wealthy) pays the lowest amount of taxes by law. But…we can’t do it alone, that’s why we’ve decided to crowdsource knowledge using Hero X (but more on that later.) What’s the problem, exactly? For years, the […]

Top 10 Tax Myths Sabotaging Your Business Growth BUSTED

Top 10 Tax Myths Busted

For the last 10 weeks, we’ve been busting tax myths left and right on our Financial Gravity blog. Below is a summary of all the myths we’ve busted in that time. 1. Having an accountant is the same thing as having a tax planner. MYTH Everyone knows that if you are an entrepreneur or small […]

Who Should I Consult About Tax Savings?

Tax Savings

As a small business owner, finding legal and ethical ways to increase your tax savings shouldn’t be a full-time job in itself. Unfortunately, most accountants, attorneys, or business consultants aren’t taught to master the myths standing between you and your money. In fact, the financial industry benefits from small business owners not understanding tax myths. […]

Mileage is Not the Only Tax Write-off You Can Use for Your Car

Tobias Mueller

Writing off the mileage for the business use of your car is so common now and days that there’s even “an app for that.” When you reach your destination, you can swipe left if it was a personal trip, or right if the trip was business related. Gone are the days when you had to […]

Just Because There’s Food Involved, Doesn’t Mean It’s A Meals and Entertainment Expense

What is a Meals and Entertainment Expense? The IRS recognizes that wining and dining customers, vendors, or potential employees is a vital way to grow your business, which is why they offer a 50% deduction of all qualifying Meals and Entertainment expenses. You can deduct food as a business expense if you can 1/ verify […]

Here are Four Legal, Moral, and Ethical Ways to Write Off Your Home Office

It’s not uncommon for entrepreneurs to start conducting business from their home office (at least in the beginning). Not only is it a great way to minimize office space rental costs, but you can also save money on commuting and dining out (if you can keep your trips to the refrigerator to a minimum, that […]

Hiring my kid? That sounds sketchy!

Let me be frank with you, kids are expensive. Not only are you spending your hard earned money on their bare essentials (Capri Suns, iPads, and hoverboards, OH MY!) but then you also have all the extras like hockey lessons, prom hair, and summer camp tuition. Anyone that tells you that the financial burden goes […]

Having an IRA or 401k is NOT a Sufficient Retirement Plan

Again, I’m sorry to be the bearer of bad news, but if you are a small business owner, and you have an IRA (Individual Retirement Account) or a 401k, you don’t actually have a sufficient retirement plan. Let me explain why: Saving money is good, but not if that means sacrificing your dreams. Not only do […]

Which Tax Filing Status Is Right For My Business?

Filing Status

I’m sorry to be the bearer of bad news, but becoming an LLC will not magically prevent you from paying Self-Employment taxes. Why? Because an LLC is not a tax filing status. Before you determine exactly which tax filing status is right for your business, we recommend you read the following Q and A: Can I […]

Don’t Be Afraid of The Big Bad “Red Flag”

Taking a proactive approach to tax planning will not put your business at risk for an audit. I repeat, taking a proactive approach to tax planning will NOT put your business at risk for an audit. If your Tax Preparer or Accountant tells you that a tax-reducing strategy will create a red flag with the […]

Accountants are NOT Tax Planners

Think of your accountant as a “food diary” app. It records what you eat and calculates the amount of calories, protein, fat, and carbohydrates you are consuming. But what good is it to have all this data, if it doesn’t help you lose weight or gain muscle mass? In addition to keeping a “food diary”, […]

10 Common Tax Myths You Should Stop Believing (Right Now)

Do any of these situations sound familiar?   I’m the proud owner of three Subway franchises. I just expanded my thriving Landscaping Business to a neighboring city. I am an entrepreneur running a Design Agency Then you’ve likely heard your fair share of haughty “business advice.” Regardless of which stage you are in the entrepreneurial […]

Financial Gravity All Over Texas

John Shares That To Win, Business Owners must put Strategic Tax Planning as the first step in Wealth Management. Check out the full story on the Texas Report

John Interviewed by Molly Marie Keyser on Venture Shorts Podcast

John and Molly talk about how John created Financial Gravity.  Entrepreneurs; are you paying too much in tax? Listen to see what you can do about it! Check out the interview here! 

John Pollock Interviewed on Accelerate Your Business Growth Podcast

If you’re like most business owners, you’ve probably received lots of “scary” tax advice on everything from mistakes to avoid, restrictions on what you can deduct and specific rules on your tax strategy should look like. Unfortunately, much of this advice is based on myth – and will cost you thousands of dollars.  Check out […]

John Pollock on The Action Zone Radio Podcast

Greg LeVine interviews owner of Financial Gravity, John Pollock. John tells us how and why he created his company, how he fundamentally and ethically helps his clients reduce their tax liability so they can save more and effectively fund their companies better, the niche he has successfully created and how he finds balance in life/business […]

John Pollock on The Robert Plank Show

Listen in as John shares his tax knowledge on The Robert Plank Show! Click here

Don’t Quit Your Job Just to Take Social Security. There’s a Better Way

The purpose of social security planning for a lot of people is to maximize the amount of money that they take out of social security. Here’s the problem, though: that should not be your goal. Allow me to go off-tangent and offer a quick word of advice: don’t quit your job just to take social […]

John Pollock on the Like, Know & Trust Show

Listen to John’s guest spot on the Like, Know & Trust show with Britney Gardner. Listen Now!

How Can You Reduce Tax Friction and Increase Your Returns?

I wanted to get back to discussing Factor Based Investing™ today. We want to teach you some of the things we use to make sure we stay within the guidelines of how we want to help people. There are 10 principles we focus on in Factor Based Investing™, the first of which is taxes and […]

Strengthen Your Portfolio With a Moneyball Strategy

Recently, I was thinking about the movie Moneyball as it related to the financial world and probability. If you haven’t seen the movie, I highly recommend it. It’s about how the Oakland A’s used math and statistics to buy and trade baseball players during the 2003 season, proving that they could finish the season in […]

An Explanation of the Diversity Trinity

The Diversity Trinity® is a concept that I came up with to help people understand how to diversify their investments. Think of a triangle with three sides. In the middle, you have diversity. You also have three points. Let’s say you’re a real estate investor. The first point is “in,” so whatever real estate you […]

The Show is Over, Back to Reality (Now what…)

The brilliant Dan Sullivan of Strategic Coach teaches a concept to entrepreneurs called Front Stage, Back Stage. The idea is that, in theater, the front stage is where the performance happens, back stage is where the real work is done. It is chaos. If we were to see the back stage, it would be impossible […]

Financial Gravity 2016 Fall Conference a Success!

On October 13-14, Financial Gravity held its 2016 Fall Conference, attracting Financial Advisors from across the country. The response to these conferences continues to grow, as advisors are starting to get the message. Understanding that the financial services landscape is rapidly changing to serve more sophisticated and independent clientele, these advisors seek to partner with […]

We Want Everyone to Have Family Office Guidance®

Today I wanted to talk about a concept called a “Fractional Family Office®,” which includes taxes, investments, insurance, and legal in interlocking circles. In the video above, you can see an example. This is a concept we’ve been working on since the beginning because it’s something I really wanted for my clients, and I think […]

Introducing Investor Peace University®

We’re excited to announce the beginning of Investor Peace University®, where we’ll give you insight and updates in an effort to make a smarter investor who isn’t swayed by the anxiety they’re selling in the media. Welcome to our first video of Investor Peace University®! We’re going to use these videos to communicate principles and […]

Clinton Tax Returns Reveal Massive Overpayments

Edward A. Lyon                                  FOR IMMEDIATE RELEASE: August 23, 2016 Chief Tax Strategist                       TaxCoach Software, a Financial Gravity Company 513-321-2820 Support@TaxCoachSystem.com Clinton Tax Returns Reveal Massive Overpayments Former president and current candidate miss legal opportunities to pay less Cincinnati, Ohio: On August 12, Presidential candidate Hillary Clinton released her 2015 […]

Things I Miss

I went to bed the other night and stared at my night stand as it appeared so empty. It was missing a clock radio that I have had on every night stand since my early teens, but I no longer need it. I have not listened to the radio from the nightstand since high school. […]

When Computers Take Over the World

I follow what progress is happening in the world of technology and innovation, very closely. I do this for a few reasons. First, it is cool and I love to see progress. Second, as Wayne Gretzky famously said “I skate to where the puck is going to be”, and if I plan to take our […]

Financial Gravity Shares with the Yeti Chamber of Commerce

Last week, Financial Gravity CEO John Pollock shared his company’s solution to lower taxes and increase profits, legally and ethically. John shared fresh insights of ways of grow your wealth by lowering your taxes, providing a deeper understanding of tax saving strategies for business and ways to keep the IRS out of your success. The mission of […]

Legal, Moral, and Ethical

Just received this email: “You keep mentioning the terms, “Legal, moral, ethical.” Because the code is “rigged,” a lot of what you’re suggesting may be “legal,” but, in my humble opinion, these “strategies” are not necessarily either “moral” or “ethical.”” Name withheld. I feel there are two sets of laws: Moral Laws and Man-made Laws. […]

Red Light – Green Light

One of the most frustrating parts of the tax planning business is an inexplicable belief that if you follow the law to legally reduce your taxes that this will somehow create a “red flag” or worse an audit. I can’t think of any other place in society that people think they will get in trouble […]

2016 Spring Certified Tax Master Conference a Home run!

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Semi-annually, Financial Gravity hosts its CTM Conference, bringing together existing Financial Gravity Partners as well as Financial Advisors, CPA’s, and others whom are interested in learning about the cutting-edge products and processes Financial Gravity offers to those searching for ways to grow their businesses. Financial Gravity is disrupting the Financial Advisor and CPA space through […]

The “real” Star Wars

If you have not figured it out from reading these newsletters, I passionately follow the movie business. The active word is BUSINESS. I am not a sycophant, I am not a groupie, I watch and follow the reality of movies, the business of movies, and I am a student. JJ Abrams is a master class! […]

5 Simple Questions That Can Lead to Proven Tax Savings

  If you own your business you’ve probably discovered that the IRS tax code is a complicated thing. Or perhaps you’re one of the lucky ones who turns over your tax and accounting responsibilities to an accounting professional with the hope that you are maximizing your tax savings. Our hope is that you fall into […]

What is YOUR cracker or bone?

The best part about YouTube is that you get to watch useless, mind numbing things on your computer or tablet at the same time that you are watching useless, mind numbing things on television. It is an A.D.D. multitasking fantasy world come to life, and I count myself among the luckiest people to be alive […]

Financial Gravity CEO John Pollock shares his “If I Knew Then…” on Crain’s!

You can read John’s thoughts about what he “wished he knew” on Crain’s website. Check it out here!  

Coaching Changes

The last couple of months I have watched A LOT of football. Not sure why, maybe it’s because my son is going to Baylor and for the first time in my life I had a reason to care about the top 25 and the Cowboys season ended months ago. Maybe it was due to the […]

The American Dream

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View John’s presentation on the American Dream.