Have you ever wondered why your CPA might not be the tax-strategist you thought they were? Discover the hidden gaps in traditional tax compliance with our special guest, Kevin Jerry, the CEO and founder of Kevin A Jerry, MST and Associates. Kevin takes us through his fascinating journey from a struggling printing industry veteran to a titan in tax strategies and consulting. A chance encounter with cost segregation ignited his passion and redirected his career path, leading him to pursue a master’s degree in real estate taxation. For over 15 years, Kevin has been on a mission to demystify complex tax strategies and help others save on taxes, all while finding joy and fulfillment in his work.
In our conversation, we navigate the often-overlooked world of tax strategy within entrepreneurship, revealing how many CPAs focus mainly on compliance rather than proactive tax reduction. Kevin shares invaluable insights into why specialized tax strategists are essential for managing tax liabilities effectively. Whether you’re an entrepreneur or simply interested in optimizing your tax situation, this episode offers practical guidance on engaging effectively with tax professionals and understanding the intricacies of tax strategies. Embark on a transformative journey with us and gain the knowledge you need to take control of your financial future.
Episode Highlights
Role of Specialized Tax Strategists: A key point discussed is the necessity of engaging specialized tax strategists rather than solely relying on CPAs for tax advice. The emphasizes that many CPAs focus on compliance and financial reporting, lacking the specialized knowledge required for effective tax reduction strategies.
Self-Education in Tax Matters: The conversation underscores the importance of individuals educating themselves about tax strategies. It suggests that being informed allows individuals to better evaluate and implement strategies tailored to their financial situations, ensuring they don’t overpay taxes.
Tax Code Navigation: There are challenges of keeping up with the ever-evolving tax code. Kevin provides insights into how tax professionals stay informed about changes and adapt strategies to align with current regulations, highlighting the complexities and nuances involved in effective tax planning.
Connect with Paul here:
Website: https://innovativewealth.com/
Instagram: https://businesslegacypodcast.com/
Connect with Kevin here:
Website: https://kajmst.com/
LinkedIn: https://www.linkedin.com/in/kevinajerry/
Enjoyed this episode? Leave us a review and rating here: https://podcasts.apple.com/us/podcast/legacy/id1575634019
Thank you for listening, and hope you enjoyed this episode.
Please take the time to rate and review our show. Great reviews help us to reach a wider audience and inspire us here at Innovative Financial Media to keep it up.
About Kevin:
Kevin Jerry is a nationally recognized expert in Tax Method Changes. He specializes in Cost Segregation, Tangible Property Regulations, and revenue recognition changes. Kevin graduated with honors from the University of Cincinnati with a Master of Science Degree in Real Estate Taxation. Over the last ten years, he has worked with some of the largest property owners in the country. He is also a sought-after speaker on the Tangible Property Regulations, the Real Estate Professional certification, and the nuances and complexities of Cost Segregation. Kevin has spoken at such venues as the American Institute of Certified Public Accountants, the Kentucky CPA Association, the Florida CPA Association, the Hong Kong Trade Association, and the California CPA Association.
