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47: Effective Tax Strategies for Entrepreneurs with Shauna Wekherlien
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In this episode of "Work It, Live It, Own It," host SaCola Lehr welcomes Shauna Wekherlien, an expert accountant renowned for saving clients over $1 billion in taxes. Shauna shares her expertise on maximizing tax deductions for entrepreneurs, including the strategic use of the "aggression scale" for risk assessment in claiming deductions. She offers practical advice on employing family members, including children, to achieve tax benefits, and discusses the deductibility of personal expenses when they intersect with business needs. The episode is a deep dive into tax strategy, aiming to empower business owners with knowledge to minimize tax liabilities.
Mentions in the episode
IRS: 00:02:11
Profit First Accounting System: 00:28:22
Cash Goblin App: 00:31:23
Shauna's Books: 00:38:38
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