Massive Passive Cash Flow Podcast

Episode 312: Exploring Effective Tax Strategies for Business Owners, with Eric Pierre


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Eric Pierre is a second-generation CPA and former professional basketball player, Eric brings the same competitive edge to finance that he brought to the court. He graduated with a Master of Professional Accountancy from Stephen F. Austin State University and holds CPA licenses in both Texas and California.

 

While many CPAs stick to basic moves, Eric sees the entire board, anticipating challenges and opportunities far in advance. His strategic approach to wealth preservation has caught the attention of major media outlets, with Eric being quoted or mentioned in Forbes, CNBC, and Bloomberg Tax.

 

Eric's expertise allows him to navigate the complex world of finance with the precision of a seasoned pro. For those seeking to protect and grow their wealth, he offers more than just accounting services. Eric provides comprehensive strategies, always thinking several moves ahead to ensure his clients win in the high-stakes game of financial success.

 

What You Will Learn:

  • Who is Eric Pierre?

  • Why is effective tax management considered essential for business owners?

  • What unique challenges do high net worth individuals face regarding taxes?

  • What specific tax strategies are discussed, such as the "Augusta Rule" and vehicle depreciation?

  • How can real estate investments impact tax liabilities and benefits for business owners?

  • What qualifications must someone meet to be considered a qualified real estate professional for tax purposes?

  • What common misconceptions about wealthy individuals and their tax issues are addressed in the conversation?

  • What tax rule allowed the host to expense major capital expenditures like roofing through business entities?

  • How does cost segregation and bonus depreciation work for property owners?

  • What common misconceptions do people have about IRS audits and tax-related issues?

  • What are some common mistakes or oversights consumers make regarding tax management?

  • How can tools like QuickBooks assist business owners in tracking their expenses effectively?

  • What is the significance of the Opportunity Zone legislation in tax planning?

  • What are the main topics covered in Eric's book, "The Great Tax Escape"?

  • What tax planning strategies should people consider as the year-end approaches to prepare for tax season?

  • Eric shares how everyone can contact him.

Additional Resources from Eric Pierre:

  • Website: http://www.pierreaccounting.com/

  • Email: [email protected]

  • Phone: 619-997-2750

  • LinkedIn: http://www.linkedin.com/in/pierreaccounting

  • Facebook: http://www.facebook.com/pierreaccounting/

  • Instagram: http://www.instagram.com/pierreaccounting/

  • X: http://x.com/PierreCPA

  • YouTube: http://www.youtube.com/channel/UCO1XWRM-KZpjtlrbHnrYGFg

Attention Investors and Agents

  • Are you looking to grow your business?

  • Need to connect with aggressive like-minded people like yourself?

  • We have all the right tools, knowledge, and coaching to positively effect your bottom line.

  • Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation!

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