For Directors
BIG NEWS! I have developed an Excel spreadsheet onto which you can enter your daily M-K activity and it will flow that information onto a master spreadsheet that automatically populates a total for each category by month, as well as totals for the entire year, which you can then put on our Cosmetics Business tax worksheet. Click here for an example of the spreadsheet. Like our M-K tax workshop video, which is now reduced to only $10.00, downloadable from a dropbox folder sent to your email address, and available for purchase here and at the “Speaking Calendar” page of the website, it is delivered to you upon receipt of a completed purchase order. Click here for the Cosmetics Business Spreadsheet announcement and purchase order form. Once you use it, give us your feedback. And now for our clients who have formed an S corporation for their cosmetics business, I have developed Excel spreadsheets to align with our S corp. strategy – an S Corp. Cosmetics Business Spreadsheet showing which expenses should be paid by the S corp. and a Companion Cosmetics Business Spreadsheet that shows only the expenses that still should be paid by the Director/National herself. Click here for that announcement and purchase order form.
** Nationals and Directors – If you can’t get Jeff The Tax Man to speak live to your group, then conduct your own tax workshop for your Area or Unit(s) by getting his nationally famous M-K Tax Workshop video for only $10.00 (plus tax for TX residents) to play as often as you like. In this 83-minute video you will learn 1) Jeff The Tax Man’s 1-minute per day record keeping system that empowers Consultants to get to Directorship faster, 2) how your life can make a difference through M-K, 3) how the M-K business is a good tax shelter, which makes this a GREAT recruiting tool, 4) how to maximize the deductions in your cosmetics business, and 5) how you can potentially recapture lost tax dollars by amending prior year tax returns. Click this link to Get M-K Tax Workshop Video in digital format to watch whenever and wherever you want on any device that plays video. **
* NATIONAL SALES DIRECTORS – Jeff The Tax Man can get you more Directors! In 75 minutes or less he shows consultants how to get to Directorship faster using his success proven 1-minute per day record keeping system, at the same time educating them how to maximize the tax deductions in their cosmetics business. AND NOW IN A SECOND SESSION HE CAN INSPIRE YOUR ENTIRE NATIONAL AREA HOW TO REALIZE THEIR POTENTIAL JUST AS HE DID FOR A GROUP OF 10 DIRECTORS IN A 2-DAY JANUARY JUMP START WEEKEND IN NEW BRAUNFELS, TX (Ask Trisha Taylor if it was worth it.) AND TO ANOTHER GROUP OF 10 DIRECTORS IN WEBSTER, TX (HOUSTON) FOR JEANIE TAMBORELLO’S JANUARY JUMP START (It was A-W-E-S-O-M-E!!). He is an entertaining and motivating speaker who energizes your National Area by inspiring them to “Enrich Women’s Lives,” while he instructs them about the tax advantages of a home-based cosmetics business (great for recruiting).
Doesn’t it make sense in a forum where you are educating your Units on all aspects of operating their cosmetics business to include a segment from a cosmetics business tax expert on how to maximize their tax deductions? And now that the IRS is pursuing direct sales businesses, he is emphasizing even more the importance of “Keeping Good Records” – the kind that recently eliminated one client’s $70,000 tax assessment and another client’s $418,000 tax assessment. Book Jeff The Tax Man to speak between October 16th and January 31st at either your Fall/Winter Advance, January Jump Start, or a Master Consultant Workshop. Or have him train your Directors at either Seminar or Leadership like he did for Lia Carta, Joanne Bertalan, Andrea Newman, Gillian Ortega, Pam Klickna, Jan Thetford, and Margaret Bartsch. Special promotion – he will review FOR FREE the prior year (up to 3) tax return(s) of any Director or National who invites him to speak to her Units or Area – either in person or via conference call. Get your National Sales Director to book him and he will review FOR FREE your and her prior year (up to 3) tax returns as well. Scheduling is underway. See the Speaking Calendar page of this website for a recording of his latest conference call, as well as a list of dates, times, and locations of tax workshops already booked. Then call us at (817) 498-6833 or email us today at tax.prep@jeffthetaxman.com with prospective dates of your event(s). Or, start educating your Units or Area immediately by getting his new M-K Tax Workshop Video.
For 30 years he has spoken to groups as large as several hundred for over 15 different NSDs (references available upon request). Additionally, he has taught individual and groups of Units how to “Pay YOURSELF, not the IRS” for hundreds of Directors from across America. Download the Flyer below for a list of the topics that will be presented as well as success stories of what Jeff The Tax Man has done for other Directors to Executive National Sales Directors. You can also download a copy of his Speech Outline to Units below. If he has to travel outside the Dallas/Ft. Worth metroplex, the size of your meeting(s) will determine his ability to speak at it (them). Although he does not charge a speaking fee, minimum attendance is required. For engagements requiring an overnight stay, he requires the hosting Director/National to pay for his lodging and airfare (if applicable). To compensate he makes himself available for the entire time (24/7) he is in town for any additional sessions, such as “For Directors Only” like the one mentioned above, or for individual tax appointments. Refer to our Speaking Calendar page for the date, time, location, and hosting Director’s name and contact information for an upcoming tax workshop in which your Unit could join. AND NOW GET Jeff The Tax Man TO INSPIRE AND INSTRUCT YOUR UNITS OR NATIONAL AREA VIA A LIVE CONFERENCE CALL PRESENTATION. This is especially helpful if your Units or National Area are spread out all over the country. *
Jeff The Tax Man is one of the foremost experts in the country on preparation of income tax returns containing the cosmetics business of a certain global cosmetics company – preparing probably 50-100 times as many returns containing this type of business as most tax preparers. At the present time we prepare tax returns for approximately 200 Independent Beauty Consultants, PLUS about 100 Sales, Senior Sales, Executive Senior Sales, and National to Executive National Sales Directors from 25 states across the country. If you are a Director, but are not yet a client, before you do anything else check out what Jeff The Tax Man has done for others in your same position (Sales to Executive National Sales Director) on our Testimonials page. Then have him review your past 3 tax returns for FREE to see if he can recapture overpaid taxes from those years by amending them, as he did for many of those on our Testimonials page.
**** TAX ALERT FOR ALL SALES DIRECTORS – We were informed that corporate no longer mails out commission reports that detail deductions for uniforms, website, Seminar registration, etc. Also, those records are available on line for only 3 years. Therefore, it is imperative that you go online and print off the monthly commission reports for each month in order to have a record of the expense to be able to claim the deduction on your tax return. It is also important to remember to print/save details when using Customer Delivery Service. Retain a printout of each order so you will have a record of Section 1, Section 2 (PCP gift with purchase), sales tax, and shipping expenses for that order. There are a lot of little expenses with each order that add up throughout the year. So claim every one of them in order to “Pay YOURSELF, not the IRS.” ****
* We charge for our services, including telephone or email consultations lasting over 15 minutes. For our rates, refer to our Policy Statement/Engagement Letter.*
** To become a client, go to the Tax Worksheets page. **
*** THE FOLLOWING TAX WORKSHEETS ARE FILLABLE .PDF VERSIONS OF OUR FORMS ONTO WHICH YOU CAN TYPE YOUR TAX INFORMATION STRAIGHT FROM YOUR COMPUTER. HOWEVER, PLEASE NOTE THAT IN ORDER FOR THE DATA YOU TYPE TO BE RETAINED ONTO THESE DOCUMENTS, YOU MUST FIRST NAME THE FORM AND SAVE IT TO YOUR COMPUTER. THEN ONCE SAVED, YOU MUST RE-OPEN IT IN YOUR .PDF READABLE SOFTWARE. If you don’t have any .PDF readable software, you can obtain Adobe Acrobat ReaderTM by simply clicking the link to their website at the bottom of this page. THEN FILL IT IN, AND RE-SAVE IT TO BE ABLE TO EMAIL IT TO US AND/OR COPY AND PASTE RECURRING INFORMATION INTO NEXT YEAR’S WORKSHEETS. ***
The following resources make up the bulk of our packets that we give to the Directors at our “Pay YOURSELF, not the IRS” tax workshops:
Flyer
Be Fruitful and Multiply Speech
Introduction of Jeff Peterson
Speech Outline to Units
Cosmetics Business Tax Suggestions
2023 Client Letter
Policy Statement/Engagement Letter
2020 Healthcare Coverage Questionnaire
Pre-2018 Income Tax Data-Itemizer OR Post-2017 Income Tax Data-Itemizer
Cosmetics Business New Client Letter
EXAMPLE.Cosmetics Business Spreadsheet.2.0
EXAMPLE.COMPLETED COSMETICS BUSINESS WORKSHEET
Cosmetics Business Worksheet for an S Corporation AND Companion Worksheet for an S-Corp Cosmetics Business
For our S corporation clients: Example.Invoice and Example.Advances vs. Year-end Profit
Non-Cosmetics Business New Client Letter
Non-Cosmetics Business Worksheet
Minister New Client Letter
Minister Worksheet
New Client Letter
Mileage Log; Fillable Mileage Log in Microsoft Excel
* Here is a link to the IRS’ small business and self-employed tax center. Lots of resources for business owners. *
** Looking for an affordable option to design and create your monthly newsletter? We recommend www.UnitNews.com. **
Some of the documents on this site are presented in .PDF format which will require Adobe’s Acrobat Reader installed on your computer to read them. You may download and install your free copy by clicking the “Get Acrobat Reader” icon.
