A short YouTube discussion where speakers (including Joe Fier) discuss entrepreneurs facing unexpected year-end tax liabilities, emphasizing that taxes contain incentives that can be leveraged and that finding the right CPA firm is crucial. The speaker recounts firing multiple CPA firms before learning tax strategies over 20 years.
Chapters
That's one example. Another example, Joe, is, you know, we're pushing really hard as entrepreneurs all year. You know, just grow that top line. Grow that top line, right? And we're hoping we get there. And, you know, of course we want to increase our margins as well. And then you finally get to the end of the year and you're like, oh, shit, I got a tax problem. You know, what am I going to, you know, what am I going to do with this? And most people, most entrepreneurs I know, they pay it because that's all they have to do. Or you work with your CPA firm. Well, I have a lot of battle wounds. I fired five CPA firms over the course of 20 years. I finally found the right firm and I learned a lot about taxes. Taxes are actually a series of incentives for business owners and investors who know how to use the tax code.