Turning Your CPA into a Profit Center: Leveraging Tax Strategies for Financial Growth

Always say your CPA should be a profit center for you, not a cost center. If they’re the right person, they should be making you a profit. And so like my dad, for example, with my grandma, he just opened up a separate corporation. She’s at a lower tax bracket. He shifts 80,000 of his income to her lower tax bracket. It. Oh, so he supports her anyways. So this way he just makes a profit on it and then he just has her gift back, the difference. So there’s a lot of little things you can do like that, and a lot of it’s just leveraging the lower tax brackets around you. But really, your CPA should be making you money, not costing you money.