The $1 M Tax Strategy Blueprint (How 7-Figure Owners Keep $100K+ Every Year)
The $1 M Tax Strategy Blueprint
(How 7-Figure Owners Keep $100K+ Every Year)
If your business is over $1M, you could be leaving $50K–$100K on the IRS’s table each year. Learn the proven tax blueprint that 7-figure owners use to plug leaks and keep more profit.
If your business is past the million-dollar mark, chances are you’re leaving $50K–$100K on the IRS’s table every year. The problem isn’t missing receipts—it’s missing a tax blueprint.
The quick take
Most 7-figure owners treat taxes like weather instead of a playbook.
Scaling without planning compounds leaks.
Write-offs aren’t strategy—real savings come from structure, timing, and credits.
A proactive blueprint can keep six figures in profit every year.
Why million-dollar owners overpay
1) Taxes aren’t just “something that happens”
Too many owners hand their books to a CPA in March and hope for the best. Taxes are a controllable cost if you plan ahead.
2) The $190K case study
Two electrical companies. Same $1.8 M revenue, same profits. One pays $95K in taxes. The other $285K.
Difference: $190K every year. The winner had a tax blueprint.
3) Growth magnifies mistakes
The code rewards hiring, equipment purchases, and retirement savings. Ignore it and you’re punished with unnecessary taxes.
Mini takeaway: The tax code isn’t a storm you endure—it’s a playbook you can win with.
Scaling without a plan compounds losses
Mistake 1 — Outgrown entity
An LLC that worked at $300K can cost $50K–$100K+ annually once revenue passes $1 M.
Mistake 2 — Leaving retirement savings on the table
A basic 401(k) might shelter $25K. Advanced plans can shelter $200K+ a year and cut taxes by $70K+.
One roofing contractor saves $98K every year, building nearly $2 M over 20 years.
Mistake 3 — Skipping exit planning
Every owner exits. Without strategy, you could lose 30%–50% of sale proceeds.
Example: An HVAC company sold for $8 M and paid $2.8 M to the IRS. With planning, the bill could have been under $800K.
Mini takeaway: Each year of scaling without a tax plan multiplies the cost.
The myths that keep owners stuck
Myth 1 — “Write-offs save me”
A $10K write-off in a 35% bracket saves $3.5K. You still spent $10K.
Myth 2 — “Buy equipment in December to cut taxes”
Spending $200K to save $70K means you’re still out $130K unless it fits your growth plan.
Myth 3 — “My accountant handles it”
Most accountants file returns. Filing is not strategy.
Mini takeaway: Write-offs scratch the surface. Real strategy builds wealth.
The $1 M Tax Strategy Blueprint
1) Get the structure right
Switch from LLC to S-Corp or create a holding company to optimize payroll taxes and qualify for QBI deductions.
2) Accelerate deductions with cost segregation
A $2 M shop building normally writes off $51K/year. A cost-seg study can allow $420K in year one, instantly saving $280K.
3) Use the home meeting rule
Rent your home to your business for 14 days at $500/day. Deduct $7K, and you receive it tax-free.
4) Max out advanced retirement plans
Defined benefit or cash balance plans can shelter $200K+ a year, reducing taxes by $70K+ while compounding wealth.
5) Plan your exit early
Coordinate capital-gains planning, QSBS eligibility, and charitable trusts to protect millions at the point of sale.
At HavenStone we review the last three years of returns, analyze 60+ variables, and create a multi-year, 70-page custom strategy. We meet quarterly to implement and adjust as you grow.
Quick self-audit
Do you have a current entity and compensation plan?
Are advanced retirement plans in place to shelter high profits?
Have you mapped a tax-efficient exit?
Is cost segregation integrated into your depreciation schedule?
Do you hold quarterly tax strategy meetings?
Two or more “no” answers mean you’re likely leaving money on the table.
Common questions
When should an LLC convert to an S-Corp?
Once owner compensation and profits reach low six figures, the S-Corp election often saves tens of thousands per year.
What is a cost segregation study?
An engineering review that accelerates depreciation, creating large early deductions and cash savings.
How much can advanced retirement plans really shelter?
Often $200K+ annually, reducing taxes by $70K+ while building significant long-term wealth.
What to do next
Simple start: Share this with your bookkeeper and schedule a quarterly tax review.
Next level: See our Tax Strategies Guide for Business Owners for immediate actions.
Full service: If you want a multi-year tax blueprint tailored to your numbers, . We’ll identify quick wins and design a plan to scale with your business.
You’d never scale your business without a marketing plan. Don’t build wealth without a tax plan. The best time to start was years ago. The second-best is today.