Save on Your Property Taxes & Financial Planning Software
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- No upfront costs to see how much you could save
- Savings-or-free guarantee - you only pay if you save
- Sign up easily in under 3 minutes
- Maximize your tax advantages to increase net worth.
- Playbook is a step-by-step app for growing your money and minimizing taxes
- The best way to build wealth? Don’t overpay taxes on your investments.
- Smart planning and investment advice for customers
- A complete financial view in the Empower Personal Dashboard
- Meaningful conversations with Empower financial professionals
- Unlimited trades, all commission-free
- Easy, accurate, and always free tax filing
- Get the most out of your return for as little as $0
- Ownwell - 86% of customers save an average of $1,148
- Playbook - Get an airtight financial plan in minutes!
- Empower - Smart planning and investment advice for customers
- Wealthsimple - Get the most out of your money with smart investing products
- RightCapital - Make Financial Planning a Breeze
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How Ownwell earned a 16% property tax reduction for an $8.8M waterfront property
A longtime real estate investor knew something was wrong when the assessed value of one of his firm’s properties increased almost 8% while vacancies at the property had also increased over the past year.
After hearing about Ownwell through a mutual connection, and learning about the evidence-generation technology and concierge service the company prides itself on, he decided to move forward with appealing the new tax assessment with Ownwell to see if there was a way to bring the reality of the current situation to light.
It wasn’t long after his firm provided property-specific information that Ownwell was able to generate evidence supporting an assessment reduction of nearly $1.5M for the $8.8M property. Ownwell’s tech-enabled appraisal team determined the county tax assessor’s valuation failed to account for both physical and economic vacancies the real estate investment firm’s office property was experiencing.
Getting the assessor’s income valuation adjusted for actual instead of stabilized lease rates, and operating expenses adjusted upward for costs the firm was bearing helped secure a >$12,000 tax reduction for the property. Considering the office was initially valued for tax purposes at $8.8M, and the assessment was reduced to $7.4M, this amounted to a 16.3% reduction.
The result meant a better bottom line and a fairer tax burden, for a development and investment firm that’s laser-focused on providing affordable space for office and residential tenants.
What were the results?
| Prior Assessment | $8,841,800 |
| Post Ownwell | $7,400,000 |
| Assessment Reduction | $1,441,800 |
| Tax Savings | $12,040 |
- No upfront costs to see how much you could save
- Savings-or-free guarantee
- Sign up easily in under 3 minutes
Step 1: Unlock your potential savings
Enter your property address and get an instant estimate of your potential tax savings based on local market data. Finish signing up for an appeal in less than 3 minutes. We never share or sell your information.
Step 2: Sit back and let us do the work
Our local property tax experts are armed with cutting-edge technology to build the best case possible. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
Step 3: Enjoy your savings
You pay a small contingency fee only if we save for you. If you don't save, you don't pay. We will continue to monitor your property taxes to ensure that you never overpay again. View our pricing here.
Owning real estate is expensive. We want to help.
Millions of homeowners overpay their property taxes every year. We just don’t think that’s right. So we’ve put together a team of local experts backed by cutting-edge technology to put a stop to unfair assessments, empowering our clients to take back their rightful savings.
- Maximize your tax advantages to increase net worth.
- Playbook estimates it can help boost net worth by about $1.3 million.
- The best way to build wealth? Don’t overpay taxes on your investments.
Playbook is the world's most super duper tax efficient investing system!
Here’s how it works:
- We find your missed opportunities. Simply connect your bank accounts and Playbook finds the earnings and tax opportunities you’re missing. Then, we work those opportunities into your plan so you can super-charge your net worth. There’s a catch, though! This is time sensitive. If you don’t start strategically building wealth today, you’ll miss out on years of compounding interest.
- We calculate your optimal tax strategy. One of the most critical parts of your plan is maxing out your tax-advantaged accounts. Playbook finds your eligible accounts and works them into your plan. This is the backbone of your financial plan.
- We build your financial plan. Based on your situation, we craft a holistic plan to optimize your investments, tax advantages, and financial goals. Then, we automate it for you. The goal? Put as much money as possible into your tax-advantaged accounts.
- You activate the most sophisticated tax-optimized investing system. We built the world’s most advanced tax-optimized investing system so you can squeeze every drop of benefit from your new tax-advantaged accounts. Ever heard of tax-loss harvesting? This goes above and beyond tax-loss harvesting to optimize your tax bill.
- You reach financial freedom sooner!
Woohoo! Finally, you won’t have to wonder if you’re doing the best things for your money. Playbook will route your extra savings into the most beneficial accounts each month, and if your eligibility changes, we’ll adjust to fill in the gaps.
Why we chose Playbook: Playbook redefines financial planning with a focus on tax efficiency and an automated investment strategy. Unlike traditional financial advisors, they leverage advanced technology to optimize your taxes and boost your net worth, all for a transparent monthly fee. With bank-level security and a team of financial experts, Playbook is committed to accessible, smart wealth management, empowering you to achieve financial freedom faster and more efficiently.
- Smart planning and investment advice for customers
- A complete financial view in the Empower Personal Dashboard
- Meaningful conversations with Empower financial professionals
How can we help you?
- Individual investors: Grow your wealth - Redefine your strategy with free tools, tailored advice, and investment options.
- Workplace plan savers: Save smarter - Maximize the tools and guidance available through your retirement plan.
- Plan sponsors: Help your employees - Simplify plan management and engage with your employees and their goals.
- Financial professionals: Exceed expectations - Grow your retirement business and expand your client offerings.
Simply put, we’re a financial services company on a mission to empower financial freedom for all. We work with individuals and all sizes of organizations to offer investment, wealth management and retirement solutions, along with the free Empower Personal Dashboard™, so everyone can have a clear and simple understanding of where their finances are today and where they’re headed.
“Our top priority as a leader in the financial services arena is to keep evolving and improving the savings and investment experience for our customers. As their needs, careers and lives change, we’re committed to being with them every step of the way — and exceeding their expectations.”
- Edmund F. Murphy III, President and CEO
Why we chose Empower: Coming together with purpose. They have an unwavering commitment to their people and communities. From Diversity, Equity, Inclusion, and Belonging initiatives to volunteer impact, they're proud to empower employees day in and day out. We also love their vision and mission statements, and feel that they align closely with our values...
Vision: To transform financial lives through advice, people and technology
Mission: To empower financial freedom for all
- Unlimited trades, all commission-free
- No account minimums
- Coins are held by Gemini Trust Company LLC™
We're building the world's most human financial company.
We started by providing smart, simple investing, without the high fees and account minimums associated with traditional investment management. We invest your money in a globally diversified portfolio of low-cost index funds, and our cutting-edge technology helps you earn the best possible return, while optimizing your tax bill. This means we do things like automatic rebalancing, dividend reinvesting, and tax loss harvesting — services that were only available to the ultra rich until now or that most people found too time-consuming and tedious to do on their own.
Our expert financial advisors are always available when you need them. They can help plan your financial milestones and answer questions you might have about potential risks or what sort of investment accounts you should have.
Investing is just one part of your financial picture. So, we've introduced more ways to reach your goals and manage your money. High interest savings. Commission-free trading. And features — like automatically investing your spare change — that make it easier to save for your future.
Why we chose Wealthsimple: They believe that everyone should have access to the tools they need to make smart financial choices. They embody what we strive to provide here at FinSpot. Wealthsimple is incredibly easy to use, and we think that's just the way money management software should be.
- Interactive Retirement Planning
- Tax-Efficient Distribution
- Debt & Student Loan Analysis
A financial planning solution that simplifies the complexity
RightCapital's software is built to make the financial planning process a breeze for advisors and clients. Our tools and support will help you advance your practice and grow your business. Together, we can build a clear game plan to help your clients achieve their financial goals.
Right Plans for Real People
RightCapital’s mission is to create Right Plans for Real People. Founded in 2015 by Shuang Chen and Song Chen, the two brothers joined their respective expertise in financial products and technology to reimagine the stagnant financial planning solutions of the past. Today, RightCapital is used by thousands of financial advisors to grow their practice and set their clients on the path to financial success. The 2020 survey of ~800 financial advisors by The Kitces Report rated RightCapital as the fastest-growing financial planning software with the highest user satisfaction.
Why we chose RightCapital: Their Commitment to You...
- Continuous Improvement: We are perpetually enhancing and advancing our product.
- Advisor & Client Focused: We're built around how advisors interact with clients.
- Support at Every Turn: Empathy and guidance are built in. We have your back.
Guide to Financial Planning
In the dynamic landscape of personal and business finance, tax and financial planning are integral components of long-term success. As the digital era unfolds, leveraging technology becomes increasingly crucial for efficient and accurate financial management. Tax and financial planning software have emerged as powerful tools, streamlining processes and providing insights that were once laborious to obtain. In this comprehensive guide, we will explore the significance of these software solutions and delve into the key factors to consider when choosing the right platform or program.
I. The Evolution of Tax and Financial Planning Software:
To appreciate the current state of tax and financial planning software, it's essential to trace their evolution. Traditional methods of manual record-keeping and paper-based tax filing have given way to sophisticated software solutions that automate complex calculations, ensure compliance with ever-changing tax laws, and provide real-time financial analytics. This evolution has not only improved accuracy but also significantly reduced the time and effort required for financial management.
II. The Importance of Tax and Financial Planning Software:
A. Efficiency and Time Savings: One of the primary advantages of using tax and financial planning software is the substantial time savings it offers. Automation of routine tasks, such as data entry, calculations, and report generation, allows users to focus on strategic decision-making rather than getting bogged down by manual processes. This efficiency is particularly crucial for businesses looking to optimize their operations and individuals aiming to manage their finances seamlessly.
B. Accuracy and Compliance: Tax laws are intricate and subject to constant change. Compliance errors can result in penalties and legal complications. Reliable software ensures accuracy by staying updated with the latest tax regulations and automating compliance checks. This not only minimizes the risk of errors but also provides peace of mind for users, knowing that their financial activities align with legal requirements.
C. Financial Insights and Planning: Beyond basic tax filing, robust software goes a step further by offering advanced financial planning features. This includes budgeting tools, investment tracking, and forecasting capabilities. Such insights empower users to make informed decisions, whether they are individuals planning for retirement or businesses strategizing for growth. The ability to visualize financial scenarios can be a game-changer in achieving long-term financial goals.
III. Key Features to Consider When Choosing Tax and Financial Planning Software:
A. User-Friendly Interface: The best software is worthless if users struggle to navigate it. A user-friendly interface is essential for both individuals and businesses. Intuitive design, clear navigation, and comprehensive help resources contribute to a positive user experience. Look for software that minimizes the learning curve and ensures that users can easily access the features they need.
B. Integration Capabilities: In today's interconnected world, seamless integration with other financial tools and platforms is crucial. Consider software that integrates with your existing accounting software, bank accounts, and investment portfolios. This integration streamlines data transfer, reduces manual input, and provides a consolidated view of your financial landscape.
C. Compliance and Security: Given the sensitive nature of financial data, security is paramount. Choose software that employs robust encryption protocols and follows industry best practices for data protection. Additionally, ensure that the software is compliant with relevant regulations and undergoes regular security audits. Compliance with tax laws is equally crucial, so opt for software that stays updated with the latest tax regulations.
D. Scalability: For businesses, scalability is a key consideration. As your business grows, so do your financial complexities. Choose software that can scale with your needs, accommodating an increasing volume of transactions, users, and data. Scalable software ensures that you won't outgrow your financial management solution as your business expands.
E. Reporting and Analytics: Comprehensive reporting and analytics are indispensable for gaining insights into your financial health. Look for software that provides customizable reports, dashboards, and forecasting tools. The ability to analyze trends, identify opportunities, and make data-driven decisions is a significant advantage in achieving financial objectives.
F. Customer Support and Training: No matter how intuitive the software, there will be times when users need assistance. Evaluate the customer support services offered by the software provider. Responsive customer support, including live chat, email, or phone support, can be crucial for resolving issues promptly. Additionally, inquire about training resources, such as tutorials, documentation, and webinars, to ensure that users can maximize the software's potential.
G. Cost and Value: Cost is a significant factor, but it's crucial to consider the value provided by the software in relation to its price. Some software solutions offer a range of features at a higher cost, while others may provide a more basic package at a lower price point. Consider your specific needs and budget constraints, and opt for software that aligns with both.
Choosing the right tax and financial planning software is a critical decision that can significantly impact your financial success. By considering factors such as user-friendliness, integration capabilities, compliance, scalability, reporting, customer support, and cost, you can make an informed choice that aligns with your unique needs. Whether you're an individual seeking personal financial management or a business aiming for streamlined operations, the right software can be a powerful ally in achieving your financial goals. As technology continues to advance, staying abreast of the latest developments in tax and financial planning software will be key to maintaining a competitive edge and ensuring sustained financial well-being.
