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Thank you for completing the Business

Optimization Blueprint questionnaire.

See Potential Tax Deductions Below

The Potential Deductions number identified above represents a calculation of total potential tax
deductions, based on your answers provided. By working with licensed accounting, tax, and legal
professionals who can assist in implementing the strategies outlined in this blueprint, you may be
able to recognize the same or similar number; however, as individual circumstances vary, the
Potential Deductions amount does not represent a guarantee of future tax savings.

The blueprint responses below are comprised of previously written or reviewed statements by
licensed accounting, tax, and legal professionals; however, you should always consult with
accounting, tax, or legal professional about your individual needs and circumstances before
creating or changing your tax plan. Many business owners are shocked to discover what they’ve
been missing and are anxious to meet with one of our Tax Hive professionals to create a new,
forward taxation plan. Speak to one of our professionals today to discuss your customized plan at
1-833-919-1992 or visit www.taxhive.com.

The Tax Hive $10,000 Guarantee: Tax Hive will guarantee to identify at least $10,000 in potential tax deductions or credits you are
not currently taking, or it will pay you $100 for your time. The calculation will utilize the immediately preceding year’s completed tax
return(s). Conditions: You must (i) complete the blueprint questionnaire, (ii) complete a strategy session with a Tax Hive
representative, and (iii) have annual business revenues of at least $25,000. If, after meeting the conditions above, Tax Hive is unable to
identify at least $10,000 in potential tax deductions or credits, it will send you one (1) Amazon® Gift Card valued $100. Offer expires
12/31/2024.
 Question 1

Do you have full- or part-time employees?

Your Answer: Yes

Because you have employees you are likely already incurring the costs of having an S-corp. If not,
you may want to consider a S Corp as you look at optimizing your business.

Question 2

Do you utilize a HSA (Health Savings Account) or HRA (Health Reimbursement Account) in
your business?
Your Answer: No Potential Deduction: $0 up to $7,000

HSA and HRA accounts are an excellent way to keep more of your cash in your control because
they facilitate the deduction of out-of-pocket medical expenses. In fact, these types of accounts
can potentially represent substantial tax savings in your business. A tax professional can show you
how these accounts can be utilized in your business and show you the potential tax savings they
can bring.

Question 3

What retirement plan do you have in place for your business?

Your Answer: I don't have a qualified retirement plan Potential Deduction: $0 up to $57,000

You are not currently utilizing a qualified retirement plan in your business. A tax-deferred or tax-
free retirement plan is a key element in a strategy to keep and control more of your hard-earned
dollars. Dollars allocated to a qualified retirement plan are dollars you control instead of giving
them to the government. For example, a SEP (Simplified Employee Pension) plan and a Solo 401k
allow you to contribute more than $50,000 per year tax free or tax deferred. You will definitely
want to seek out the help of a licensed accountant or financial planner to explore the retirement
savings options best suited for your business goals.

Question 4

How frequently do you meet with your accountant to adjust your tax plan?
Your Answer: Three times a year

Great accounting requires doing far more than simply preparing taxes or making quarterly
payments. Great accounting begins by creating a game plan to effectively navigate the
complicated tax code and then reviewing that plan regularly to make the appropriate in game
adjustments. It is only through proper planning and execution throughout the year that you will
be able to keep the maximum amount of hard-earned dollars in your pocket allowed by the tax
code. We recommend reviewing and adjusting your plan at least quarterly on top of any
additional filings and prep work that needs to be completed. Proper planning and execution is the
best way to see a return on the investment into your accounting team.
 Question 5

What legal entity do you currently use for your business?

Your Answer: LLC

You are running your business in a limited liability corporation (LLC). The LLC is typically the ideal
legal structure for businesses just starting out and as a legal entity in which real estate properties
can be held. A start up business with an ownership structure comprised of the owner and a
partner or spouse, in other words no employees, is usually best served by an LLC. However, as a
business grows and starts to hire full- or part-time employees the LLC may not be ideal. In this
case an S Corp or a C Corp may be the ideal structure. Additionally, as business income reaches a
certain level the LLC may not be the ideal entity because of self-employment taxes. When income
in your business reaches a certain level migrating from the LLC to the S-Corp may reduce the
self-employment taxes you are required to pay. This is a very important question to ask a licensed
tax professional.

Question 6

Do you have an estate plan, will, health care directive, or power of attorney in place?
Your Answer: No

You do not have an estate plan established to provide the life directives for your family and loved
ones. Not having an estate plan in place creates unintended, sometimes grave consequences for
your loved ones in the event you pass away. It puts at risk your family’s ability to access any funds
you planned to help them pay the bills in your absence. Instead, you put the management of your
estate in the hands of the courts and the attorneys who will represent your family. This is known
as probate and is an extremely expensive burden for your family to bear. Where applicable, an
effective estate plan will keep your children out of protective services because you have made the
guardianship decisions for your children upon your passing. You are far more qualified to make
those decisions for your children than the courts. Then, there is the so-called death tax. With a
little planning you can save your family substantial tax expenses upon your passing. Don’t leave a
legacy of chaos and expense to your surviving loved ones. Establish an effective estate plan that
will keep you and your family in control of your assets.

Question 7

Do you utilize a trust or series of trusts to protect your personal and business assets?
Your Answer: No

You are not currently utilizing the benefits of a trust structure to protect your assets from
creditors and lawsuits, reduce estate and gift taxes, and direct the distribution of your assets
upon your death. You do not want to leave the control and distribution of your estate in the
hands of strangers after your death. Revocable and irrevocable trusts are an integral component
of a wealthy business structure. We would love to help you establish a trust structure optimized
to your personal and business needs.
 Question 8

Do you use a mobile app to track mileage and other business deductions for your business?
Your Answer: No Potential Deduction: $0 up to $2,900

Most business owners don’t take full advantage of the vehicle mileage expense because it’s
inconvenient to do. Either you forget to log it, or just get sick of doing it. Get an app that tracks
both your mileage and other business expenses in one app. This simplifies the process and allows
you to take advantage of the up to $.57 per mile the IRS allows for the mileage deduction. For
more information about great apps consult with your Tax Hive professional.

Question 9

Are you utilizing the home-office deduction for your business?

Your Answer: Yes

Good for you. Many business owners are not aware of all the potential deductions that come
from a home office. In addition to deducting square footage, you can deduct the cost of supplies,
furniture, utilities, phones, etc.

Question 10

Have you purchased education that could be considered ongoing or continuous education
for your business?
Your Answer: Yes Potential Deduction: $0 up to $2,000

Kudos to you for investing in yourself and your business. Education expenses are considered to
be a tax deduction under most circumstances. Since these expenses are not typical business
expenses, it is best to consult with a tax professional to ensure they are compliantly deducted.
We strongly advise consulting with a Tax Advisor who is familiar with continuing education to
make sure it is being deducted properly.

Question 11

Do you currently deduct business meals?

Your Answer: No

You are not recognizing the deductions that come from business meals. A business meal is when
you take a client, prospect, or team member to a meal to discuss business. The IRS requires for
you to have the date, amount, location, who you were with, and the purpose of the meal logged.
If you haven’t done so already, we strongly suggest using an app that tracks expenses and
mileage. Receipts can be logged and saved digitally in the app. Then when it’s time to prepare
taxes, your tax professional logs into your app and completes your taxes from there.
For More Information

Finally, a tax-slashing roadmap for your business!

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plan can help your business.

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*$10,000 Guarantee Terms & Conditions: We guarantee to identify at least $10,000 in missing or potential business
tax deductions you are not currently taking, or we will pay you $100. Calculation will utilize information you provide
regarding your current or former tax practices. Conditions: You must (1) complete a strategy session with a Tax Hive
representative, (2) complete a questionnaire, and (3) have annual business revenues of at least $25,000. If, after
meeting the conditions above, we are unable to identify at least $10,000 in missing or potential tax deductions, we will
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and meeting the conditions above, please send a request to [email protected]. Offer expires Dec 31, 2024.