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So, What Is The Difference Between A Regular Tax Preparer And A Strategic Tax Coach /CTC?

So, what is the difference between a regular tax preparer and a Strategic Tax Coach /CTC?

  • A tax preparer is one who takes your data, inputs it into a tax return, and spits out a number for you.
  • A strategic tax coach or certified tax coach is a person who goes over your details, your life, your goals, your dreams—all of the different things that your money is involved in—and then helps you build a tax world that can get you to those goals.
  • How to plan and pay for your children’s college

 

Hey, guys. It’s Shauna, the Tax Goddess, here with you today to talk about the difference between a tax preparer and a strategic tax coach.

Tax preparer is somebody who takes your data, inputs it into a tax return, and spits out a number for you. Versus a strategic tax coach or certified tax coach is somebody who goes over your details, your life, your goals, your dreams, all of the different things that your money is involved in, and then helps you build a tax world that can get you to those goals. For example, if one of your goals is to put your kids through college, then it’s very important for you to plan for, well, how are we going to pay for that? It’s not cheap anymore. I think to get a kid through college these days is $120,000 over a four-year time span depending on which college you’re even going to attend. So for a lot of parents, this is a lot of money, and it’s something that you really need to take seriously is to how are you actually going to pay for it. There are different ways in the tax code that you can help your kids with college. Certainly something that a strategic tax coach can help you with and be looking at for you.

So that is the main difference between a tax preparer and a certified tax coach or a strategic tax coach. If you are trying to figure out how to put your kids through college, and you want the best possible tax write off for that, feel free to reach out to us.

If you want to learn something really interesting, a little side note, at the moment, Tax Goddess is in Iceland. We’re here visiting clients. I don’t know if you can see this lovely picture behind me. I’m currently in Reykjavík, so you guys are going to be getting some tax tips and tricks from the Tax Goddess overseas for the next few weeks.

Hope you guys are having fun and looking forward to bringing more tax tips and tricks. Make sure to watch our channel. If you’re interested, check out the Travel Channel as well on Without Bags. All right, I’ll talk to you guys later. Bye.

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PLEASE NOTE: As of late Aug 2018 there was a proposed law change that would disallow a double deduction for these charitable credits at the federal level for contributions made after Aug 2018. You are still eligible for the AZ state tax credits as the change would only impact your ability to take them as charity donations at the federal level.
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