Creative Tax Planning to Maximize Deductions

CPE Available

This course, designed for all tax practitioners, explores how to think differently about taxes and tax preparation. This course helps CPAs develop creativity in thought processes to better serve their clients with practical examples for maximizing deductions. In addition, this course demonstrates the significance of the Cash Flow Quadrant and how it relates to tax planning with expenses versus investments. Finally, this course is about developing the mindset to give your clients the choice to build more wealth through appropriate tax planning.

Major Topics Covered

  • How to identify a client’s tax planning objectives

  • How to support clients on tax preparation to help them be more successful at building and maintaining wealth

  • Significates of the Cash Flow Quadrant

  • Creative planning to maximize tax deduction

  • Expenses vs. investments.

Learning Objectives

  • Identify what most clients want and/or expect from a tax standpoint when working with their tax professional.

  • Recite the general rules for section 162 – trade or business expenses.

  • Recall the average tax rate for each of the four “Cash Flow Quadrants.”

  • Identify which assets allow for tax deductions.

  • Instructional Delivery Method

    Self-Study (On-Demand Video Training)

  • Field of Study


  • Program Knowledge Level


  • Prerequisites


  • CPE Hours

    1.0 CPE

Meet Tom Wheelwright

CPA, Entrepreneur, Best Selling Author, Rich Dad Advisor® & International Authority on Tax

Tom Wheelwright, CPA is the visionary and best-selling author behind multiple companies that specialize in wealth and tax strategy. Tom is also a leading expert and published author on partnerships and corporation tax strategies, a well-known platform speaker and a wealth education innovator.

Tom is a regular commentator in the field of taxes and contributes regularly to major professional journals and online resources. Tom’s work has been featured in hundreds of media, including Forbes, The Huffington Post, Accounting Today, CFO Magazine, ABC News Radio and AZTV Morning News, along with writing columns for Entrepreneur Magazine and Inman News. 

Tom is a global speaker on tax and wealth strategies for small businesses and investors. Since 2011, Wheelwright has been a keynote speaker at Rich Dad conferences worldwide on six continents (Africa, Asia, Australia, Europe, North America, and South America) with Robert Kiyosaki (Author, “Rich Dad Poor Dad”). 

 In 2017, interest in Tom’s approach to tax reduction and wealth-building became so great that Tom needed more than 1 CPA firm to properly serve each client. 

Tom created an education company:  WealthAbility® with the mission to educate more entrepreneurs and investors than ever before.  To service those customers, Tom premiered the WealthAbility® Network of tax professionals trained and certified in Tom’s concepts and practices. 

Course Curriculum

  • 1

    Creative Tax Planning to Maximize Deductions

    • Creative Tax Planning to Maximize Deductions

    • Creative Tax Planning - Part 1

    • Creative Tax Planning - Part 2

    • Engagement & Review Question (Required for CPE)

    • Engagement & Review Question (Required for CPE)

    • Engagement & Review Questions (Required for CPE)

    • Creative Tax Planning - Part 3

    • Final Assessment (Required for CPE)

Creative Tax Planning

Maximise deductions and build more client wealth