Most business owners do not realize they have outgrown their accountant until the tax bill becomes impossible to ignore.
The person who helped you when the business was small may have been perfectly fine at that stage. But as revenue, profit, assets, investments, and complexity grow, tax preparation is no longer enough. At a certain point, the business does not just need someone to file the return. It needs real tax planning.
In this episode of Money School Elite, I sit down with Boris Musheyev, a tax strategist who works with seven-figure and multi-seven-figure business owners, to talk about the difference between having a tax preparer and having a tax advisor.
Boris explains why so many business owners are introduced to “tax planning” too late in the year, why retirement contributions are not a complete strategy, and why your advisor needs to understand the level of income, complexity, and tax exposure you are dealing with.
We also get into some of the bigger structural strategies business owners should understand, including real estate, short-term rentals, oil and gas, charitable giving, donor-advised funds, and the importance of choosing strategies that fit your actual business and goals.
About the Guest
Boris Musheyev is the owner of BORISMTAX, a tax and accounting firm specializing in tax planning and strategy for entrepreneurs and business owners. They use proven tax strategies to save their clients tens of thousands of dollars on taxes every year when implemented correctly. BORISMTAX personalizes each strategy to ensure that their client’s family and business situation is thoroughly examined to maximize tax savings. Their team is made up of high-performing professionals who take diligence and care in every step of the process when handling clients’ taxes. They believe that accounting is more than just being correct; it’s being strategic, proactive, and maximizing tax savings. In our firm, we have one goal and one goal only: to commit to doing everything in our power to help our clients to LEGALLY reduce taxes and take home more of their hard-earned money.
Free Training: save100know.com
Boris M. Tax: https://borismtax.com/
Boris Musheyev on LinkedIn: https://www.linkedin.com/in/boris-musheyev-cpa/
About Your Host
From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America’s #1 Money Mentor with a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier.
His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.
Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.
Resources
Get Your FREE Copy Of ‘The Private Money Guide’ and ‘Mapping Out The Millionaire Mystery’.
Keep up with us every week on our FREE Live webinars for more conversations like this, and as a BONUS, get our newest mini-ebook instantly upon signing up! https://go.moneyschoolrei.com/wednesday-webinar-podcast.
Dive into money, mindset, and motivation videos on my YouTube Channel, and be sure to subscribe so you can be notified of our weekly LIVE streams.
