In this podcast episode, Jered, millionaire plumbing business owner, sits down with Joel to discuss strategic ways to minimize tax liabilities. Jered shares insights from his own experiences, emphasizing the importance of understanding tax laws and leveraging legal loopholes to retain more of one's earnings. He covers practical tactics such as maximizing business expenses for plumbers, considering the benefits of charitable contributions, and scrutinizing your bookkeepers or CPAs. Jered highlights the significance of ultimately understanding your numbers. Throughout the conversation, he underscores that proactive tax planning is essential for long-term financial success and sustainability in any business.
