Are you a law firm owner who has built a successful practice, serving hundreds or even thousands of individuals and families - clients you’ve gained through reputation, targeted marketing, and strong referral relationships?

If so, you’re perfectly positioned to integrate a tax consulting and advisory practice into your firm, unlocking exceptional client value and boosting your revenue potential.

Imagine adding another $3,000 - $50,000 or more in revenue per client, and in some cases, even upwards of six-figures in tax advisory and consulting services - services that NON-ATTORNEYS are currently occupying and even dominating in certain niched markets - these are the clients WE (lawyers) should be serving - and the incorporation of tax strategies allows you to pierce that specific gap.

By “bolting on” a tax law arm to your firm, you’ll fill a significant industry gap that only an attorney is truly equipped to bridge. Here’s why:

• Accountants typically focus on bookkeeping, tax preparation, and filing - not tax planning and strategy. They leave that function to the lawyers.

• Meanwhile - Estate lawyers are leaving "tax planning and strategy" to the accountant and financial advisors.

• Financial Advisors and Insurance Agents rarely offer any type of entity structuring or tax strategy.

The result?

No one is creating a “holistic tax and legal strategy” for clients - and that's the spot where scammers have step in and taken over.

• This leaves clients without a coordinated plan, with gaps in their tax and legal structures, and advisors working in silos.

• Integrating tax law into your firm changes this, allowing you to connect the dots, protect your clients from oversight, and ensure all advisors work toward a common strategic goal.

Here are some real-world examples of the consequences clients face due to this gap in coordinated tax and legal strategy that you, the attorney, can bridge and solve for your clients. These are the day-to-day situations your clients end up facing because of this "gap in legal, tax, and financial" strategies:

1. Bankruptcy Due to Improper Structuring: Without a tax-savvy legal structure, business owners may be personally liable for company debts. Understanding how to purchase, gift, sale, assign, transfer, or manage assets and liabilities can make the difference between winning and losing in a lawsuit.

2. “Piercing the Corporate Veil”: Clients who rely solely on accountants or financial advisors may not be advised on the importance of formal legal protocols. This leaves their assets exposed if their business is sued, as courts may “pierce the veil” if they determine corporate and personal finances weren’t properly separated. It happened to me and happens to millions.

3. Hefty Capital Gains Taxes: Selling a business or property can result in unexpected capital gains taxes if no tax strategy was set up in advance. Clients may lose a large portion of their profits because they didn’t establish a trust, private foundation, or other structure to manage and defer taxes - generally ahead of the liquidation event.

4. Year-End Scramble for Deductions: Without a proactive tax strategy, clients often find themselves scrambling for last-minute deductions at the end of the year. This results in missed opportunities to take advantage of more meaningful, long-term tax-saving strategies.

5. Purchasing Trusts and Complex Structures Without Knowing How to Use Them: Clients may be advised to buy trusts or form complex structures without understanding their purpose. A lack of guidance means they don’t fully utilize these tools, or worse, they face costly tax or legal issues down the line due to improper management - check out the dirty dozen scams.

6. Unintended Estate Tax Exposure: Insurance policies and high-value assets are often overlooked in estate planning. When not placed within proper legal entities, these assets may end up being counted in the taxable estate, leading to a substantial estate tax bill that could have been avoided with a coordinated plan.

7. Overwhelming Estate Tax Obligations: Clients without integrated tax planning often face massive estate tax liabilities upon death. With no coordinated approach among advisors, they miss out on tax-efficient structures like irrevocable trusts, charitable remainder trusts, or private foundations that could reduce or eliminate these taxes.

As the attorney - the interpreter of the law and the chief legal architect for your client - you are in the ideal position to provide holistic legal and tax strategic advisory services. Your unique skill set allows you to bridge the gaps, ensuring every aspect of your client’s legal and financial landscape is coordinated, safeguarded, and optimized.

I've put together the strategies and tools you need to enter this line of work...

• Knowledge to Reduce Client Taxes

• Knowledge to Reduce Your Own Taxes

• Ability to Spot law & Tax Gaps

• A Lead-Generating Website

• Frameworks and Intake Forms

• Practical Problem-Solving With Clients

• Process to Monetize Existing Client Lists

By incorporating tax advisory into your practice, you’re tapping into a complementary, non-conflicting, and high-demand area of law that benefits every single client that you've represented and will represent.