Resources

Case Studies

How One Blue Collar Business Owner Saved Over 45 Million in Future Taxes

This section provides articles, video briefings, and framework-based guides designed to simplify tax planning Each resource turns complex ideas into actionable, easy-to-follow steps that entrepreneurs can use immediately

Excellence through ESOP
Coastal Maritime
Regional Auto Repair
Oilfield Services

Regional Farm
Blue-Collar Legacy
Insulation Co
Asphalt & Crushing Co

The Owner and His Vision

Jeremy Transforms His Company With an ESOP

Jeremy is a 52-year-old entrepreneur who grew up in the trades and started with a single fabrication shop. Over three decades, he expanded into a national leader in steel fabrication, industrial supply, and on-site maintenance services. With $120 million in revenue and nearly 400 employees, he faced a $22 million annual tax burden.

Key Highlights

  • S Corp ESOP freed 5M annually

  • Acquired competitors tax free

  • Employees became owners

  • Ownership boosted productivity and pride

Coastal Maritime & Industrial Operator

Overwhelming Taxes & Complex Operational Challenges

The business faced an annual tax burden of $1,73M, complicated structures, misclassified assets, and no clear succession roadmap leaving the owner exposed to financial and operational risks

Key Highlights

  • Annual tax liability of $1,73M was draining cash flow

  • Complicated corporate structures created inefficiencies

  • Misclassified assets left valuable deductions unused

  • No clear succession plan put future continuity at risk

The Challenges

Overwhelming Taxes and Operational Complexity

The business faced a $3,98M annual tax burden, operational inefficiencies, liability exposure, and no clear succession plan, putting family wealth and future continuity at risk

Key Highlights

  • $3,98M annual tax burden

  • Liability exposure across all locations

  • Succession unclear with one active child

  • Family wealth at risk

Oilfield Services Company

Overwhelming Taxes & Lack of Succession Plan

Mark faced a $1,3M annual tax bill, major estate exposure, and no clear succession plan, putting his business, property, and family wealth at risk

Key Highlights:

  • $1,3M annual tax drain

  • Estate tax exposure on land and equipment

  • No clear successor for the business

  • Capital gains risk if sold or transferred

Preserving Land and Family Wealth

Regional Farm ESOP Cooperative

Multiple farm families used an ESOP to preserve farmland, defer taxes, and build a generational shield against corporate buyouts while creating liquidity for estate planning and growth

Key Highlights

  • Estate tax avoided and farmland preserved

  • Capital gains deferred via §1042 rollover

  • Employee-owners aligned with farm success

  • Liquidity created for acquisitions and estate needs

Plumbing Business Owner

Balancing Tax Savings, Income, and Family Legacy

Joe, a successful blue-collar business owner, used a Charitable Remainder Unitrust (CRUT) and an Irrevocable Life Insurance Trust (ILIT) to reduce taxes, generate lifetime income, and secure a tax-free inheritance for his family while supporting charitable causes

Key Highlights

  • CRUT: Tax-deferred income & asset growth

  • ILIT: Estate-tax protected life insurance

  • Charity: Supports trades & scholarships

  • Legacy: Family & philanthropic impact

Securing Family Wealth & Business Legacy

$28M+ in Tax Savings for a Blue-Collar Business Owner

Jerry turned a $312K tax burden into $1,3M income tax savings, $7,6M estate protection, and $19M+ future capital gains relief while ensuring a smooth transition to the next generation

Key Highlights:

  • Business Support Co. streamline & save taxes

  • Captive Insurance protect & grow wealth

  • TPR & Retirement Plans maximize deductions

  • Sales Trust & Legacy Planning defer taxes & protect assets

Advanced Tax & Asset Protection Strategy

How One Blue-Collar Owner Saved Over $45 Million in Future Taxes

Dale, a 54-year-old owner of a multi-location asphalt and gravel business, faced massive income, estate, and capital gains taxes, With no family succession plan, he needed strategies to protect his wealth, secure his business, and plan his legacy efficiently

Key Highlights:

  • Business & Tax Structuring

  • Retirement & Profit Plans

  • Asset Protection & Trusts

  • Tax Free Growth & Flexibility

Strategies

Strategic Resources for Smarter Tax and Wealth Planning

Our resources are designed to help business owners understand advanced tax strategies, asset protection structures, and long-term planning concepts in a clear and practical way. Each guide and case study reflects real-world scenarios, showing how thoughtful planning can reduce tax exposure, protect wealth, and support confident decision-making over time.

50 Essential Tax Benefits Every Working Professional Should Know

Sky Tower maintains a transparent presence in the industry by sharing official updates, milestones, and important announcements with the public and the media. Our news releases reflect the growth, direction, and ongoing impact of the firm.

Key Highlights

  • Work Expense Tax Savings

  • Income and Retirement Efficiency

  • Long Term Tax Credits

Cost Segregation for Smarter Long Term Asset Depreciation

Cost segregation helps commercial property owners accelerate depreciation by identifying building components with shorter useful lives, reducing taxable income and improving cash flow while maximizing deductions and strengthening long term financial planning.

Key Highlights

  • Accelerated Depreciation Deductions

  • Lower Taxable Income

  • Improved Cash Flow

Tangible Property Regulations for Immediate Tax Deductions

Tangible Property Regulations allow business owners and real estate investors to deduct qualifying repair and improvement costs immediately instead of depreciating them over decades, improving cash flow and reducing taxes.

Key Highlights

  • Immediate expensing of repairs

  • Lower taxable income

  • Stronger business cash flow

Five Proven Ways to Reduce Your 2024 Tax Bill for Business Owners Legally

Business owners can still lower their 2024 tax liability using IRS approved strategies that work even after year end when applied correctly and on time.

Key Highlights

  • Solar credits offset taxes

  • Income and Retirement Efficiency

  • Long Term Tax Credits

Understanding Retained Earnings & Dividends for C Corporation Tax Efficiency

Retained earnings allow C corporations to reinvest profits, reduce taxes, and support growth instead of immediately distributing dividends to shareholders.

Key Highlights

  • Avoid double taxation

  • Reinvest for tax deductions

  • Fund employee benefits

Excellence Through Employee Stock Ownership Plans for Growth

An ESOP allows employees to own part of the company they work for while providing business owners with tax advantages, succession planning, and enhanced employee engagement.

Key Highlights

  • Tax Advantages

  • Employee Benefits

  • Strategic Business Planning

How to Legally Profit Off the IRS When Donating to Charity

Donating appreciated stocks to charity can generate tax savings, reduce portfolio risk, and potentially create a financial benefit while supporting causes you care about

Key Highlights

  • Decide donation amount

  • Transfer appreciated stock

  • Coordinate with advisors

Maximize Tax Benefits and Boost Cash Flow for Businesses & Investors

Leveraged depreciation allows businesses and investors to maximize tax benefits by using borrowed money to acquire assets that depreciate over time while improving cash flow

Key Highlights

  • Deduct asset cost yearly

  • Depreciation + interest benefits

  • Section 179 & Bonus Depreciation

Private Foundations: How Individuals & Families Can Maximize Charitable Impact

A private foundation is a nonprofit funded by an individual, family, or company that provides grants to support charitable causes while offering significant tax advantages

Key Highlights

  • Tax Deductible Contributions

  • Capital Gains & Estate Tax Savings

  • Tax Exempt Investment Growth

Articles

Strategic Insights for Smarter Tax and Wealth Planning

Our carefully curated articles are designed to give business owners actionable insights into advanced tax strategies, asset protection techniques, and long-term wealth planning. Each piece is grounded in real world scenarios, helping you see exactly how thoughtful planning can reduce tax exposure, safeguard your assets, and empower confident decision making.

The Firm That Puts Blue Collar Business Owners First

Blue-collar business owners are the lifeblood of America’s economy. From contractors welding steel beams to mechanics repairing engines and construction workers pouring concrete, these hardworking entrepreneurs power the industries that keep the country running. Yet, they have often been left behind by financial systems that cater to the wealthiest individuals and large corporations. Sky Tower Counsel (STC) was created to fill this gap, offering blue-collar business owners the same high level tax, legal, and financial strategies that the wealthiest use without the overwhelming costs.

How Strategic Tax Planning Can Support Business Growth

In today’s challenging financial environment, business owners face rising interest rates and stricter bank lending standards. This situation can make it harder to secure loans for growth and operations, however, strategic tax planning can offer a valuable alternative to traditional bank financing. Sky Tower Counsel specializes in helping blue-collar business owners utilize advanced tax strategies to improve cash flow and reduce tax burdens.

Dallas Richardson Brings Advanced Tax Strategies to Blue-Collar Industries

Dallas Richardson’s journey from construction and oil rigs to elite financial strategy is a testament to resilience, hard work, and an unwavering commitment to blue-collar business owners. As a tax strategist, he works to help those who build America retain more of their earnings, explore reinvestment opportunities, and develop strategies for long-term financial security.

Dallas Richardson and Sky Tower Counsel’s Mission to Empower Blue-Collar Entrepreneurs

Sky Tower Counsel, founded by Dallas Richardson, aims to enhance the financial landscape for blue-collar business owners. With a deep understanding of the challenges these entrepreneurs face, the firm provides advanced tax strategies and financial planning to help business owners retain more of their earnings. By leveraging tax laws commonly utilized by the ultra-wealthy, Sky Tower Counsel seeks to bring elite financial solutions to blue-collar industries.

Dallas Richardson: Navigating the U.S. Debt Crisis for Blue-Collar Business Owners

The U.S. is currently facing a significant financial challenge, and for blue-collar business owners, Dallas Richardson believes this presents notable obstacles. As the founder of Sky Tower Counsel, Dallas has dedicated his career to helping blue-collar entrepreneurs navigate such challenges and come out stronger. Dallas and his team at Sky Tower Counsel provide actionable strategies that may help protect your business during these uncertain times.

Firm’s Branding

Recognized by Leading Business Publications

Sky Tower Counsel has been featured in multiple national and industry leading publications that highlight our advanced tax strategies, client first philosophy, and work with blue collar business owners. This coverage reflects our commitment to delivering real world solutions that protect businesses, reduce unnecessary tax exposure, and support long term sustainable growth.

Sky Tower Counsel: The Firm That Puts Blue-Collar Business Owners First

Blue-collar business owners are the lifeblood of America’s economy. From contractors welding steel beams to mechanics repairing engines and construction workers pouring concrete, these hardworking entrepreneurs power the industries that keep the country running.

Key Highlights

  • Economic Backbone Builders

  • Skilled Trade Leaders

  • Nation Builders

Sky Tower Counsel Shares How Strategic Tax Planning Can Support Business Growth

In today’s challenging financial environment, business owners face rising interest rates and stricter bank lending standards. This situation can make it harder to secure loans for growth and operations. However, strategic tax planning can offer a valuable alternative to traditional bank financing.

Key Highlights

  • Rising Interest Rates

  • Stricter Lending Standards

  • Strategic Tax Planning

What Our Private Clients Say About Us

“Accounting is the science of taking score of what has happened, taxation is the law on what is allowed, and strategy is the combining, timing, and sequencing to create wondrous results. Dallas and his team have no equal in guiding clients to where they want to go."

T.Matthews
CFO

“I was once one of those stubborn old fools set in my ways. I thought my guys I had since the dark ages did everything imaginable. I had no idea how big the tax code was, I assumed everyone had the same software I am into water drilling! Next thing I know I am invited to one of Dallas’s get togethers and his words ate away at me for months. My CPA handed me a bill for $834,000 and that was it, I called Dallas and I have never turned back.”

C. Kelly
CEO, Water Drilling

“When working with Dallas, your biggest problem will be, what do I do with all of this money?”

* V. Walker
CEO Cosmetologist Chain

“Harold would be proud of the work Dallas’s team put into our estate plan. From the start Dallas made me feel my opinions, and thoughts mattered and I wasn’t just the wife of the client. When my husband passed everything went off the way it was supposed to, Dallas was at my side through everything. Every time I meet with Dallas I see the paperwork my husband had signed, I can’t help myself but touch his signature, my husband, he is still here.”

B. Griggins
Widow

“There is no way any local CPA or financial guy can do what they do. When you hop on a Zoom meeting and it’s you and a dozen experts from all over, they’re at your table to help me get my family where we always wanted to go… how can you not value that? There were no big shot corporation guys either, they were all down to earth, made me feel confident, the tax nerds talked, Dallas translated, I got it right then and there. I will be here and my kids will too.”

Teagan R
Commercial Plumbing Contractor

“Dallas will show you just how much money you have been overpaying on your taxes. Seriously, ask for the bag of money example. You see it when you are writing out the check. But have you actually seen a stack of $500,000 American dollars? He saves me a fortune every year.”

E. Furtwangler
Commercial Real Estate Developer

““Guys on the golf course brag about everything from cars, swings, clubs, real estate, and the new hot secretary. But everyone knows, I have the best, I found the secret sauce, and every year I get to brag how much he saved me in taxes. Dallas is literally saved in my phone as ‘the secret sauce.’”

Blake S
Contractor

“Do not listen to your friends, your relatives, your fancy financial advisor, or local big shot attorney. If they are saying there is no other way to reduce your tax, whether it's your death tax, capital gains tax like it was for me and believe it or not your income, do yourself a favor and call Dallas. It doesn’t matter what anyone says, that man had me on a call with the #6 tax attorney in the country, and he rambled off 14 more ways to get rid of the capital gains tax on the sale of my business after everyone said there was nothing else that could be done. Don’t waste your work ethic, get his help and his team will get rid of the tax bill.”

Lawrence V
Software Developer

Ready to stop managing dozens of advisors and start enjoying the benefits of one coordinated team?