Tyler D Harris, CPA

Senior Tax Accountant

Gursey | Schneider LLP

Tax Manager

Tax Supervisor

SingerLewak LLP

Senior Accountant - Tax

Ovist & Howard, CPA's

I help small businesses and individuals optimize profits for additional tax savings.
I conduct audits in various industries including construction, HOA's, and non-profits.

Staff Accountant

FreedomCare Benefits

- Implemented Excel template to upload multiple accounting transactions into QuickBooks 
- Utilized Excel VBA to populate and print statements directly from Excel for 200+ customers 
- Special projects, monthly closings, bank reconciliations, IT system audits, AP/AR 
- Synchronized local server with Microsoft SharePoint to facilitate departmental communication 
- Utilized macros to organize data and upload thousands of entries from Excel into Quickbooks, reducing entry time from 16 hours to about 10 minutes.

Accounting Assistant

•      Explain to employees the benefits offered through their employer's self-insured plan
•      Assist employees with enrollment
•      Sell additional health products to help them meet their needs.
•      Field 80+ calls per day during open enrollment.

Benefit Customer Service Representative

American National

•	Explained, recommended, and sold insurance products based in identified needs
•	Increased agency sales, referrals, and client retention
•       Averaged 20+ sales per month

Multiple Line Agent

•       Software Manipulation
•       Client Relationship Management
•       Needs Based Selling
•       Learned Strategies for Closing Sales

Multiple Line Agent Intern

Senior Health Group

Assisted clients in choosing a medicare plan that best fit their needs. 
Made medicare easy to understand.
Used leads to find new clients and set up appointments.

Senior Agent

I help business owners save millions in taxes using advanced tax strategies.

I moved to Hawaii with my wife and three kids for better work/life balance.

Tyler D. Harris, CPA, CMA

Three tax planning strategies I learned in my first year on the job, and why they're not as powerful as people think:

1. Defer revenue - for cash-basis taxpayers, don't go to the bank for a few days, and don't check your mail. The idea is that if you don't collect the revenue, it's not taxable.

In theory this is fine. It gets you a one-year deferral, so it's really only a time-value of money play. Assuming you can get a 20% return on the tax savings, deferring the tax might be worth up to 10% of the revenue deferred.

Not bad if you do it every year and are growing. The marginal benefit is only the new profit that is deferred until the next year.

2. Accelerate expenses - for cash-basis taxpayers, spend all of your cash at the end of the year. If you still have profit, take out a loan and keep spending.

Honestly, this is basically the short-term rental strategy in real estate, except it's way easier. Be careful not to buy capital assets that aren't subject to bonus depreciation.

Again, this is just a one-year deferral, and if you're prudent, you'll only spend money on things that you actually need and will grow the business.

3. Buy assets - this is basically the same as the point above. Buy a new SUV over 6,000 pounds and write it off.

It's a big deduction, but ultimately it's just a deferral strategy as well. You'll have taxable depreciation recapture when you sell.

My takeaway?

I left that firm. I thought it was all baloney and not much of the work we did was a value-add. 

Real tax planning isn't tax deferral alone. I felt that there was a better way - a way to get permanent savings if you were smart.

I was right. 

Give me a follow. 

I'll share some of the strategies that lead to permanent savings tomorrow.

I help entrepreneurs worth $40M-$400M save $1M+ in tax.

"Defer taxes"

Here are 3 strategies to PERMANENTLY reduce your tax bill:

1. Even out your income.

The more tax brackets you can consistently fill out each year, the better. 

For example, a married couple making $2.25m over three years will save the most money if their income is $750k each year vs. $250k in one year and $1m in the others.

Using the 2025 brackets, evening out your income would save at least $34k in tax.

2. Optimize your QBI deduction.

The QBI (or Section 199A) deduction is based off of 20% of your business income. It's based on a few factors, including total wages paid by the business, total income, and the unadjusted basis of your assets (UBIA). 

If these ratios are off, your deduction is limited. For an operating company, the optimal ratio is 28.6% of wages to income.

For example, let's say you're a solo owner making $1 million in an S-corp before wages. You pay yourself a reasonable salary of $286k instead of $100k, you save yourself $20k in taxes.

3. PTET deduction 

If you're a business owner making $600k or more, this probably makes sense for you.

The Pass-Through Entity Tax allows a passthrough to pay taxes on behalf of it's owner and get a federal tax deduction. 

Example: $1 million in business income. 9.3% PTET paid to California results in a $93k deduction and a $34k federal tax savings.

TLDR. 

If you're a business owner making $1 million or more per year, you can easily save 60k+ of taxes per year using just these strategies alone!

These are just the beginning.
What are some tax strategies you love?

Put them in the comments 👇

Gemcon Group

o	Develop a comprehensive alternative finance strategy that integrates various non-traditional financing methods including capital market activities that are consistent with the organization's overall financial goals and growth objectives.
o	Conduct thorough market research to identify emerging trends, opportunities, and risks within the alternative finance landscape and capital markets.
o	Establish and maintain relationships with key stakeholders, including investors, financial institutions, fintech platforms, regulatory authorities, and industry associations.
o	Ensure that all alternative financing activities, including capital markets, comply with relevant regulations, securities laws, and compliance standards.
o	Lead efforts to raise capital through alternative finance channels such as crowdfunding, peer-to-peer lending, and venture capital, also evaluate opportunities for issuing securities and other innovative financial instruments.
o	Define and track key performance indicators (KPIs) to measure the success of alternative finance initiatives and prepare regular reports and documentation for senior management, board members, and regulatory bodies. 
o	Analyze financial data to assess the effectiveness of different funding methods and make informed decisions.

Senior Manager (Alternative Finance)

DIRD Group

• Developed and implemented the company's IPO strategy, including identifying the right timing for the IPO, selecting ‘manager to the issue’ ‘registrar to the issue’ and ‘underwriters’, determining the appropriate offering price, and managing the entire process;
• Lead the IPO team, which typically includes lawyers, investment bankers, accountants, and other
professionals, to ensure that the IPO process is to be completed successfully and efficiently;
• Communicated with investors and stakeholders to build interest in the company and explain the
company's business model and financial performance;
• Ensured compliance with securities laws, relevant rules, regulations, notifications, directives and
reporting to the higher authorities;
• Setting expectations for the company's post-IPO performance;
• Managed relationships with the manager to the issue and other service providers, including legal counsel and accounting firms to ensure that the IPO process runs smoothly; and
• Managed company affairs and secretarial jobs.

Head of IPO

Banco Finance and Investment Limited

a) Planning overall business strategies in consultation with the CEO & stakeholders to attain the goals of the business and shareholders;
b) Maintaining a high degree of relationship with the regulators;
c) Developing merchant banking activities, designing and executing Issue management & fund arrangement through the issuance of fixed income securities, equity financing from investors;
d) Reviewing of all documents, papers, financial statements, agreements to assess the eligibility and appropriate mode of the issue;
e) Assisting in designing the appropriate Financial Statements in accordance with International Financial Reporting Standards (IFRS), documents, papers etc.;
f) Supervising portfolio management operations;
g) Supervising the process of trading and settlement operations;
h) Ensuring all required reports are prepared and submitted properly and timely to the regulatory authorities;
I) Supervising and reviewing financial operations and reporting;
j) Ensuring compliance of securities laws, relevant rules, regulations, notifications, directives and guidelines and internal policies and reporting to the higher authorities;
k) Managing company affairs and secretarial jobs.

Manager

a)	Review of all documents, papers, accounts, agreements to assess the eligibility and appropriate mode of issue.
b)	Analyze and decide the appropriate size of capital & structuring them to optimize benefit to the issuer.
c)	Examine and independently verify all relevant documents and materials, as furnished by the company, and also to discuss with the Directors, Officers, and other agencies of the company to ensure true, fair, and adequate material disclosure in the Capital Raising, Public Issue and Rights Issue as required by the management and Bangladesh Securities and Exchange Commission.
d)	Verify the compliance of all legal requirements relating to the Capital Raising, Public Issue and Rights Issue as per rules and regulations.
e)	Analyze the business of the company, industry cycle, and the future growth potential of the company based on information provided by the company, market, and related sources.
f)	Assist in designing the appropriate Financial Statements, documents, papers etc.
g)	Compliance of ‘Securities and Exchange Commission (Capital Issue) Rules 2001’; ‘Securities and Exchange Commission (Public Issue) Rules 2006’; ‘Securities and Exchange Commission (Rights Issue) Rules 2006’; the Companies Act 1994; Securities and Exchange Ordinance 1969, BSEC Acts, and other relevant rules, regulations, notifications, directives and guidelines.

Deputy Manager

AAA Finance & Investment Limited

•	Assist and prepare different types of analytical statement as required by the management and SEC
•	Preparing various financial and non-financial statements as per requirement by SEC
•	Assist in complying to various requirements of SEC time to time
•	Assist in complying with company secretarial issues
•	Make liaison with SEC and with other related authority as and when require
•	Proper documentation of all correspondence with SEC and all other legal authority
•	Proper records of all documents related to IPO, Rights and Capital rising

Experienced Manager with a demonstrated history of working in the investment banking industry. Skilled in Negotiation, Capital Raising, Initial Public Offering (IPO), Bond Issues, Rights Issues, Income Tax, Legal Writing, and Securities Laws. Strong professional graduated from Institute of Chartered Secretaries of Bangladesh (ICSB).

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Mohammad Nuruzzaman CGIA, ACS

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The Battle

Tyler D. Harris, CPA, CMA

Mohammad Nuruzzaman CGIA, ACS

Followers

Posts

Engagements

Likes

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