Brad Blanks, CPA
Brad joined Team Financial Strategies in October of 2013 as the firm’s first Certified Public Accountant. Before joining the team, he worked for 3 ½ years in Dallas, TX as a tax senior for Weaver, LLP, the largest independent accounting firm in the Southwest. Brad was raised in Haskell, TX and graduated Summa Cum Laude from Abilene Christian University in 2008 with a Bachelor of Business Administration degree and in 2009 with a Master of Accountancy degree. He attained the designation of Certified Public Accountant in 2010, holds a Series 66 license, and is a registered Investment Advisor Representative in Texas. Brad, with his wife Callie and daughter Ruby live in Abilene, TX and are active members of Hope Church of Christ. When Callie isn’t staying home with Ruby, she works part-time under Red Apple Realty as a residential and commercial realtor. As a family, they enjoy renovating houses, camping, and mountain biking.
Why have you chosen a career in financial planning?
During my time at Weaver, I realized that accountants and financial planners rarely, if ever, communicate regarding the tax implications of financial planning and investment decisions. Year after year, I witnessed tax burdens that could have been avoided or deferred with simple communication between the two professions. In joining Team Financial Strategies, I wanted to be part of a team that enhanced our clients’ experience through the incorporation of thorough tax analysis and communication.
What types of clients do you serve?
My role has expanded from a singular focus on individual tax preparation and planning to include serving the broader planning needs of small businesses. Similar to Team Financial Strategies goal of providing comprehensive planning to individuals, I strive to provide all-inclusive planning to independent contractors and small businesses through financial review and analysis, strategic tax planning and preparation, and retirement plan implementation.
Give an example of a way you have helped a client.
Quality, service, and knowledge aren’t always equal across the different types of providers of tax preparation services. Because of this, I intentionally review prior year tax returns in search of errors. One particular client received a Schedule K-1 for two different years reporting his distributive share of partnership income. These Schedule K-1s reported that his distributive share of income was subject to self-employment tax. However, because I work closely alongside this individual’s financial planner here at Team Financial Strategies, I knew these Schedule K-1s for this partnership investment were prepared incorrectly and this resulted in a significant tax savings.