Why Most Tax Deductions Are Too Expensive
Most just optimize for the wrong thing
I don’t talk about this a lot, but every once in a while, I’ll do some CFO work for companies.
I have a pretty extensive background that allows me to help them in this role, including:
- Master’s in Accounting
- Former IRS Enrolled Agent
- Former Commercial Loan Officer
- Former Commercial Credit Analyst
- A lot of M&A work…
All things that allow me to bring a “holistic” view to their situation, providing the right advice because of it.
Oddly enough, my marketing career has only helped me even more in this field, and it’s always fun to do this — as I’m constantly reminded of how “complex” this is for some people.
For me, it’s just “obvious” stuff, but that’s all due to the expert’s curse.
When you do something everyday, it’s easy, when you deal with it randomly — it’s hard and complicated.
Seeing this, I’ll help some clients every once in a while, and one of the “bigger” requests — always deals with financial planning for taxes.
To give you an example of what I’m saying, yesterday, I worked with a client who just…
