Business ProfileforNexxess International
Current Alerts For This Business
In June 2023, BBB investigated Nexxess's business practices. This investigation was prompted by advertising issues on their website https://nexxess.com. Nexxess advertises they provide tax and
accounting services. Additionally, their voicemail mentions that they offer insurance services. BBB requested Nexxess to provide BBB with any state/national
registrations and/or licenses that Nexxess or any staff maintain.
Nexxess also advertises they offer “Cryptocurrency Trust.” BBB requested a
written response regarding the annual fees to manage the trust, if a license was required to manage the trust, and if Nexxess held a Certified Trust and
Fiduciary Advisor (CTFA) license. BBB also requested if these Trusts are registered or require
registration with the Securities and Exchange Commission (SEC) and to provide a copy of the certification.
BBB also requested more information on how Nexxess protects consumers’ assets from lawsuits, creditors, and
bankruptcy.
Nexxess failed to respond to BBB's requests for clarification.
Additional business information
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims may come to our attention from our internal review of advertising, consumer complaints, and competitor challenges. BBB asks advertisers to prove their claims, change ads to make more offers more clear to consumers, and remove misleading or deceptive statements.
On June 8, 2023, BBB contacted Nexxess regarding advertisements on their website https://nexxess.com.
Specifically, BBB requested Nexxess substantiate if their business operates internationally as their business name states.
Nexxess website also advertises they offer “bullet-proof asset protection, privacy, and tax strategies. Our typical clients own businesses and already work with CPAs and other professionals. However, nearly all of them were paying 50-80% more in taxes than they should have been paying. If you’re a business owner and your CPA or Tax Professional tells you that you have to pay 15k, 30k, or even more, then give us a call. You deserve to know your options before you send that check to the IRS.”
BBB Code of Advertising states the primary responsibility for truthful and non-deceptive advertising rests with the advertiser. Advertisers should be prepared to substantiate any objective claims or offers made before publication or broadcast. Upon request, they should present such substantiation promptly to the advertising medium or BBB.
BBB requested Nexxess to substantiate and clarify the advertised claim by clarifying “bullet proof asset protection, privacy, and tax strategies” and how they provide this promise or discontinue the advertised claim.
Nexxess also advertises “No Capital Gains Tax.” “How is this possible? It’s possible because we don’t let the “person” own the assets when the gain occurs.” “You must read the Tax Codes to understand this.” BBB requested further clarification of how this is possible including who owns the asset when the gain occurs.
BBB Code of Advertising states the primary responsibility for truthful and non-deceptive advertising rests with the advertiser. Advertisers should be prepared to substantiate any objective claims or offers made before publication or broadcast. Upon request, they should present such substantiation promptly to the advertising medium or BBB.
BBB requested Nexxess to substantiate and clarify this advertised claim.
As of July 18, 2023, Nexxess failed to respond to BBB’s requests to substantiate, modify or discontinue the claims.
At-a-glance
Related Categories
Business Details
This is a multi-location business.
- Location of This Business
- 4001 Airport Fwy, Bedford, TX 76021
- BBB File Opened:
- 6/14/2022
- Years in Business:
- 3
- Business Started:
- 5/8/2021
- Business Incorporated:
- 11/22/2022
- Type of Entity:
- Limited Liability Company (LLC)
- Business Management
- Mr. Scott McGrath, Manager
- Contact Information
Principal
- Mr. Scott McGrath, Manager
Customer Contact
- Mr. Scott McGrath, Manager
Customer Complaints
0 Customer Complaints
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2 Customer Reviews
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Most Recent Customer Review
Susan C
5 stars03/30/2023
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