How to Stop Overpaying Taxes and Start Building Real Wealth with Lorraine Millington

In this episode of Moms Makin Dough, host Kendra Hewitt sits down with tax strategist and wealth builder Lorraine Millington of Melanin Tax Solutions to crack open one of the most misunderstood (and costly) parts of running a business—TAXES. With over 16 years of experience, Lorraine is a game-changer in the world of tax strategy, helping entrepreneurs and real estate investors stop overpaying and start keeping more of what they earn. Together, Kendra and Lorraine dive deep into the key difference between tax preparation vs. tax strategy, and why most business owners are losing money simply because they don’t have a proactive plan. They talk about how taxes can actually become a tool for wealth-building rather than a burden to fear. You’ll learn: • The #1 mindset shift every business owner needs around taxes • The biggest tax mistakes entrepreneurs make (and how to fix them) • How simple strategies—like changing your entity status or hiring a bookkeeper—can save you thousands • The real cost of being reactive vs. proactive with your finances • Why paying yourself matters more than you think This episode is packed with relatable stories, hard-earned lessons, and game-changing advice. If you’re still treating tax season like a surprise attack instead of a strategy session, this conversation will shift everything. Ready to stop losing money to the IRS and start using taxes to grow your business? Schedule a free consultation with Lorraine at melanintax.com and take the first step toward long-term financial clarity. If this episode resonated with you, share it with another business owner, rate & review, and be sure to subscribe so you never miss a money-making conversation. “The difference between tax prep and tax strategy is the difference between reporting the past and shaping your future.” Learn more about Lorraine Millington by visiting the following links: Website Facebook Learn more about Kendra Hewitt by visiting the following links: Website Facebook InstagramIdentifying Your Money Blueprint - Free Download Learn more about your ad choices. Visit megaphone.fm/adchoices