Tim Hubbard talks to a CPA about why you need a good one on your team. A strong CPA cuts your audit risk, reduces what you pay if audited, and lowers your overall tax bill.
Depending on who your advisor is or your cpa, a lot of times we get pushback. What would you say for those people out there that are getting that sort of advice? There may be discouraged from taking advantage of legal.
Tax, tax loops, I guess you can call them. Rule number one is you don't want an advisor who's afraid of the IRS. That would be rule number one. You want to have LeBron James on your team. You don't want to have some some grade schooler on your on your basketball team. You want to have LeBron James on your team. So that you know, the reality is, is that the better your cpa, A, the less likely you're going to be audited, B, the less likely that an audit's going to cost you a significant amount of tax and see, the more likelihood you're going to pay a lot less tax than you would if you didn't.
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