Jay Malik

11820 Miramar Pkwy

Suite 217

Miramar, FL 33025

Jay, the Americanization of my unfamiliar South Asian name, reflects a constant strain in my life to find solutions that work. I adopted this name on the first day of my first job in America when an administrative assistant in my downtown Manhattan office had difficulty pronouncing my real first name; I said, “how about you call me Jay?” I have been Jay since then.
Arriving in this world in 1964 under humble circumstances, I spent extended periods of my childhood in homelessness. I endured the indignities of poverty, which people in those circumstances all over the world go through—being a sensitive soul, that has stayed with me.
From an early age, I developed a resolve to improve my and others’ financial lives and pursued that objective. In my late forties, I became financially independent, ie, now I don’t have to work for a living if I don’t want to.
I have always been open to sharing the methods, techniques, and processes I used to improve my financial lot. I have helped others—mostly the clients of my practice, Less Tax For Dentists—to copy, tweak, and implement my system for themselves. The results are impressive.
The practice, now based in Ft Lauderdale, was started in 2006 in Easton, Pennsylvania. Initially, the idea was to make a living while working with small business owners to pay less in taxes legally. I discovered early that the business people I could help the most were the doctors who owned their practices. I specialized in working with these doctors and then further specialized in dentists, who now form my business’s base.
I became increasingly educated about the dental profession and the latest techniques to lower their tax burden. Since then, I have served hundreds of doctors by holistically implementing advanced tax strategies.

Reducing the tax burden

With appropriate preparation during a year by following a strategy, the tax bill can be significantly less when the year ends. These substantial tax savings lead to improved living standards and increased net worth, leading to financial freedom or independence from money worries.
I don’t just put the right numbers on the proper forms and file with the IRS in my practice. Instead of being a traditional “historian” accountant, I act as a “visionary,” anticipating and actively planning to pay less tax using legal means.
The Second Circuit Court of Appeals Judge, Learned Hand in Helvering V. Gregory in 1934 wrote, “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.”
I develop and implement proactive, individualized tax and financial strategies to increase dentists’ net wealth holistically without compromising the quality of life.
My firm’s dentist clients have legally saved up to 67% in tax the first year they worked with me.
I analyze the previously filed tax returns to diagnose missed tax savings opportunities and prepare an estimate of the tax overpaid in the past. I then create a detailed and individualized tax strategy, prescribing specific and actionable steps to capture tax-saving opportunities.
These tax strategies are perfectly legal, available in the tax code, approved by courts, and are merely under-used by those with less expertise. I explain these tax plans in plain language to dentists, who then decide which individual pieces of the programs they implement and in what order.

Solutions for Difficult Financial Situations

I have successfully coached many doctors out of difficult financial situations, including high debt, consequences of bad investments, divorces, and dissolution of partnerships. I have dealt with most of the money-related challenges that dentists face daily. Living in this healing profession’s culture, I understand dentists’ unique perspectives, working conditions, and limitations in dealing with money.

A Full-Service Accounting Firm, a One-Stop-Shop

As a practicing accountant and managing a full-service accounting firm, my associates and I regularly work with dentists to implement their tax strategies. As the tax laws change yearly, so do the tax plans. My firm handles all tax filings and compliance requirements, bookkeeping, and payroll processing.
My clients end up saving way more money in taxes than they pay in my fee.

Reducing Debt and Increasing Retirement Savings

I live a debt-free lifestyle and coach my dentists on similarly working towards living with zero “bad” debt in their personal lives. Almost all of my clients are in various stages of eliminating personal debt from their lives forever. And all are making progress in that direction. We find money through tax savings, effective budgeting, and eliminating unnecessary expenses and use it to lower the debt.
Coupled with debt reduction is the goal of accumulating savings for a comfortable retirement. My clients are working towards putting away some of their hard-earned money towards their retirement goals, so they control their destinies. By designing efficient retirement plans and finding money to fund them, I help doctors work toward actual golden years instead of just worrying about that time.

I invented The RICH System℠, an integrated set of protocols to help dentists achieve a fulfilled life without money anxiety. I help dentists implement my system to achieve a stress-free experience that is prosperity driven and ultimately leads to financial freedom.
This system is a refined version of the same set of practices I used to become financially independent, starting from nothing.
I teach The RICH System℠ and other aspects of my work at conferences and seminars organized by different groups of dentists.

Are you paying too much in tax? Lets find out.

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