About
The Internal Revenue Code (IRC) highly favors private business owners. At Conley Consulting LLC, we are passionate about helping private business owners and high net worth individuals leverage the unique features of IRC that provide legal wealth building and tax reducing benefits to them!
We begin with a Compliementary Tax Diagnostic Review that identifies unique taxpayer specific opportunities! Based upon our findings, we propose a plan with estimated costs and benefits that will include basic compliance and advanced tax architecture opportunities that are customized to the client's circumstances.
Lloyd Conley is an MBA and Enrolled Agent (Licensed by the IRS to represent all US taxpayers). Lloyd has ten years experience as a Mastor Tax Advisor and thrity years as an entrepreneur advising business owners on a wide range of business and finance issues. Tax Architecture is the powerful flagship offering of Conley Consulting Services.
https://www.linkedin.com/in/lloyd-conley-mba-ea-71b3938/
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Frequently asked questions
What is your typical process for working with a new customer?
We begin with a complimentary Tax Diagnostic Review (TDR).
Followed by a Review of Findings & Recommendations from the TDR. This will include costs and benefits resulting from recommendations and findings.
The Client will then have the opportunity to engage Conley Consulting for selected services.
What education and/or training do you have that relates to your work?
Enrolled Agent (EA), Licensed by the IRS.
10 Years experience with Tax Compliance & Architecture.
MBA in Quantitative Analysis, Plus Graduate level work in Finance & Accounting. Summa cum Laude Honors.
30 Years experience as a private business owner advising private business owners has equiped me to help business owners to successfully navigate and avoid the common pitfalls that threaten success. Chief among these pitfalls are failure to comply with state and federal taxing authorities!
Do you have a standard pricing system for your services? If so, please share the details here.
Conley Consulting prices it services by the hour in order to be fair to both clients and the servicing team. Rates will range between $150 / Hour and $250 / Hour depending upon the services required and the level of talent delivering the services.
How did you get started in this business?
Lloyd Conley acquired an interest in federal taxation at the University of Houston's Graduate School of Business. It was clear that the tax code was so complex that even professionals had difficulty negotiating the laws. It was also clear that studied, creative, and unique skills could be developed to help tax payers negotiate their way through the federal tax maze to the lowest legal tax liability. That's our mission!
What types of customers have you worked with?
A wide range of individual taxpayers from low income to high net worth individuals; privately held businesses; and some publicly traded firms. However, it's the skills that support private business owners and high net worth individuals that produce the most powerful tax saving results. Very few professionals focus on this group of tax payers, pershaps because they are small in number. But the tax code provides compelling benefits for those who qualify. It's this group that we speciialize in serving.
Describe a recent event you are fond of.
We recently restructured the way private business owners businesses were organized; counseled them to pay themselves first through qualified retirement plans and reduced annual tax burdens by $140,000 per year. What's even more powerful is that the revised outlook for networth in retirement was many times the original plan!
What advice would you give a customer looking to hire a pro in your area of expertise?
Look for someone who is pro active! Many professionals in the "tax business" are focused on preparing tax returns. That of course is essential compliance, but it is also limited to looking backwards. A solid foundation in compliance must be established for each taxpayer. However, we advocate looking forward as soon as possible. The question is: What can the taxpayer change to reduce taxes and increase welth going forward!?
What questions should customers think through before talking to pros about their needs?
1. No matter wha they have heard or think they know about the tax code, it is probably wrong! Be open minded.
2. Gather all tax related data. Two years of recent returns; data and documents regarding all major financial plans or transactions are important. In a community property state, that includes what couples believe is his and hers. It also includes all business interests. Nothing should be left out, business or personal.