236: How to Work with a Tax Strategist

Financial
Written By Michele Williams

236: How to Work with a Tax Strategist

with Shauna A. Wekherlien, CPA

On the podcast today is Shauna Wekherlien, CPA lovingly known as the Tax Goddess. Shauna is in the top 1% of tax strategists in the nation. Her clients employ the tax strategies she recommends and her firm has an average of 6.9% tax rate. We are going to have a great discussion about taxes, how CPAs and strategists work together, and about the IRS Dirty Dozen. 

Topics Mentioned:

  • IRS Dirty Dozen 

  • Captive Insurance 

  • Write your dog off on your taxes 

  • Augusta Rule or Masters Exemption 

  • Aggression Scale 

Listen to the Episode

Key Thoughts:

  • I am all about making profit, but I'm also all about you keeping it, for whatever reason you want to use it. 9:56  Shauna 

  • I usually tell my clients, my goal is to take you as close to the edge of what the tax laws say, without pushing you over. 10:45  Michele 

  • Every strategy has a good version of a strategy and a bad version of the strategy. 17:06 Shauna 

  • When we make some of these decisions with our tax strategist, we also need to realize that some of these decisions are not one-year decisions, they are decisions that have a longer-term implication. 27:20 Michele 

  • You have to be surrounded by a team that matches who you are because you are you, you are the client, you are the center of the focus of the world, from that standpoint of the team that is focused on you. 47:26 Shauna 

     

  • I think that's so important because sometimes when we're talking finances and taxes, it feels hairy and scary and nasty and there are parts of it that really are not going to diminish that, but it also is something that we can get our arms around if we have the right people in our team. 51:19 Michele 

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Contact Shauna:

References and Resources:

Click here to read the transcript for this episode.

Michele Williams
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