Unlocking Tax Secrets: An Interview with Paul Olsen | Live Life by Design w/ Jeff Mendez #4

Join us in this enlightening episode as we dive into the world of tax strategy with Paul Olsen. Paul's journey is anything but ordinary. Known for being more than your 'average' accountant.Tune in to learn how Paul Olsen defies the typical accountant stereotype, offering practical, advice on navigating the complex world of taxes. Whether you're an individual looking to optimize your tax situation or a business aiming for better financial health, Paul's insights are invaluable. Get ready to be inspired and informed in a way that only Paul can deliver.🎧 For more episodes of "Live Life by Design," subscribe to our channel!Stay Connected with Our Channel:Follow us on Instagram: https://www.instagram.com/jeffreymendez_papi/Visit our website for more information: https://studio168p.com/Join the conversation and become part of a community that values authenticity, growth, and meaningful impact.🔍 Key Moments in this Episode:00:00 Meet Paul Olsen1:00 Paul's Mentor2:00 Working At A Large Firm3:20 Starting His Own Firm4:10 Why This Show Is Important4:48 Difference Between a CPA & Tax Professional 5:29 What Is a GABB Report:?6:00 What To Look For In a CPA7:53 Staying Proactive 9:20 Best Tax Strategies10:07 Depreciation w/ Vehicles 10:48 Structuring a Business11:15 Rental Income 12:17 The Augusta Rule13:55 Paying Your Kids15:49 Depreciation In Real Estate18:33 Being a Real Estate Professional22:30 1031 Exchanges24:47 Cash Out Refinance26:20 Right Way to Do Payroll29:30 Utilizing a 109933:12 Living Life By Design Hosted on Acast. See acast.com/privacy for more information.