Entrepreneurs with complex financial lives often rely on advisors who become involved only during major transactions, tax filings, or year-end preparation. Yet many of the most significant tax opportunities emerge between those moments.
The Tax Planning Program was created to address that gap by applying year-round, bespoke, comprehensive planning designed to identify opportunities before they are lost and to reduce a member’s effective tax rate as an overarching objective.
Predictable Access Through A Subscription Model
The subscription structure removes the uncertainty of hourly billing and encourages closer contact throughout the year. TPP members reach out as questions arise, not only during formal planning meetings. This promotes better planning because decisions can be evaluated in real time, supported by a deeper understanding of the client’s facts and objectives.
The subscription is billed quarterly, which aligns incentives and supports the white-glove level of service the program requires.
Planning That Reflects Evolving Real-World Facts
Ownership changes, new investments, trust activity, operational shifts, and income variations all influence tax treatment. These developments rarely occur on a predictable schedule. By meeting semi-annually and connecting frequently as planning ideas arise,
Covello Tax Law gains familiarity with the client’s full financial picture. This allows for judgment-driven planning that adjusts to facts as they change, rather than waiting for a transaction or filing deadline.
This is consistent with the program’s purpose: to provide year-round, bespoke, high-impact, comprehensive strategies that help clients identify opportunities that may otherwise pass unnoticed.
Implementation Included Without Added Administrative Costs
TPP members receive basic implementation at no additional charge. Simple drafting, IRS forms, and administrative steps needed to carry out planning ideas are included as part of membership. This reduces friction and ensures ideas do not remain theoretical. Implementation progresses smoothly because it is built into the structure of the program itself.
A Central Point Of Coordination Across Advisors
Entrepreneurs often work with a CPA, wealth advisor, estate attorney, and in some cases a family office. The TPP centralizes coordination across this advisory team.
Covello Tax Law serves as the quarterback to ensure tax planning aligns with legal, financial, and investment strategies. This reduces the risk of conflicting assumptions and helps ensure all advisors operate from the same understanding of the client’s goals and structures.
Review Of Third-Party Planning Ideas
Members regularly encounter strategies presented by outside advisors or peers. The program includes Tax Consigliere Advice: Covello Tax Law reviews and evaluates these ideas based on the client’s actual facts, existing structure, and long-term goals. This provides clarity and helps clients focus on ideas that add value.
Measurement Through Annual Scorecards
TPP members receive annual scorecards that summarize planning ideas implemented and their qualitative and quantitative impact. This creates visibility into how decisions compound and provides a clear record of the planning accomplished throughout the year.
Built For The Entrepreneurs Who Need It
The program is most effective for entrepreneurs with varied business and investment activities and either annual income of at least $1 million or control of assets valued at $30 million or more. These clients benefit from planning designed around the complexity and timing of real-world decisions.
