Tax Reduction Strategies w/ Tom Wheelwright

Airdate: 10/28/2023

On today's show, Josh Jalinski is joined by Tom Wheelwright, tax expert and CEO of WealthAbility, for a detailed and practical exploration of tax strategy and financial privacy in the evolving economic landscape. Kicking off with a critical look at AI in the CPA space, the discussion progresses to evaluate the merits and drawbacks of using advanced technologies in accounting and tax planning. The duo dives into the implications and concerns stemming from the Corporate Transparency Act, providing insights into how it impacts trusts, beneficial owner disclosures, and overall financial privacy. The conversation then shifts towards strategic wealth-building, touching on the savvy use of assets, agricultural investments, and charitable deductions, with Tom providing actionable advice and real-life examples of maximizing wealth while minimizing tax liabilities.

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