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In this episode of the “Money & You” podcast, host Michelle Perkins speaks with Shauna A. Wekherlie, considered to be in the Top 1% of Tax Strategists in the USA, MTax, CTC, CTP, CTS, specializing in Business Tax Strategy & Real Estate. The “Tax Goddess” has saved over $2.03 BILLION in Taxes for her clients. A strategic CPA (with a masters in tax) and a great sense of humor, she provides valuable information about the critical role of tax strategy in financial planning.
The discussion emphasizes that many money issues stem from mindset and habits, particularly regarding taxes, where significant savings are often overlooked in favor of more exciting or understandable financial topics.
Shauna shares insights on the importance of working with a knowledgeable tax strategist to maximize tax benefits and avoid leaving money on the table. She advocates for a proactive approach, suggesting that individuals set aside 15% of their gross revenue for tax-related savings to ensure they are prepared for opportunities and obligations.
The conversation highlights the need for financial education and the value of aligning with professionals who can provide strategic guidance. This episode is particularly relevant as it approaches the end of the year, a critical time for tax planning. The importance of understanding tax strategies is underscored as a key component of achieving financial independence.
00:01 – Introduction to money mindset
06:48 – Maximizing tax strategies legally
20:31 – Profit first accounting explained
31:11 – Importance of tax strategists
40:28 – Collaborating with tax professionals
Having a tax strategist is significant because they keep up with the latest tax rules and can provide tailored strategies that help individuals maximize their financial opportunities.
The podcast addresses the misconception that all tax strategies are known and utilized by CPAs, emphasizing that many individuals leave money on the table by not fully understanding or leveraging available tax strategies. Traditional CPAs may not offer true strategic advice.
The podcast clearly articulates how taxes are a significant piece of the wealth puzzle that many overlook. Shauna and her team can open up a world of new options, especially for entrepreneurs.
Contact the Tax Goddess: taxgoddess.com
LinkedIn: linkedin.com/in/taxgoddess
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