))
Ep28: Ephraim Olson: Unlocking Business Growth Through Strategic Tax Planning
Manage episode 446638661 series 3569999
Indhold leveret af Eunicia Peret. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Eunicia Peret eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
In this episode of "Your Business Your Next Level," I sit down with Ephraim Olson, a highly accomplished tax attorney and serial entrepreneur. Ephraim holds an LLM in taxation from NYU and specializes in complex income and estate tax issues for corporations and partnerships. We discuss the world of tax planning and the crucial difference between merely filing taxes and strategic tax planning that can save businesses significant amounts of money. Ephraim explains how proper tax strategies can help business owners focus on growing their companies while taking full advantage of the tax code. He also emphasizes the importance of building a strong financial team, which includes advisors that understand niche strategies for wealth optimization and growth. This episode offers valuable insights into how entrepreneurs can leverage tax planning to drive their business forward and reduce tax liabilities.
Key Takeaways:
Strategic Tax Planning vs. Filing Taxes: Ephraim explains the difference between simply filing taxes and engaging in strategic tax planning that looks ahead and optimizes financial outcomes.
Tax Code as a Tool for Growth: Business owners can utilize the tax code strategically to grow their businesses. The tax code rewards business owners for operating efficiently, and many miss out on these opportunities due to a lack of proper tax planning.
The Importance of a Strong Financial Team: Ephraim underscores the need for a quarterback approach to tax planning, where multiple experts collaborate to address the unique needs of each business owner.
It’s Never Too Early to Start Planning: Ephraim stresses the importance of planning from day one, whether it's for tax savings or preparing for a future business sale. The earlier you start, the more opportunities for tax savings and wealth preservation.
Proactive Tax Strategies for Mergers and Acquisitions: For business owners considering mergers, acquisitions, or divestitures, Ephraim advises that tax planning should happen long before a letter of intent is signed to maximize tax advantages.
Timeline Summary:
[00:00] - Introduction to Ephraim Olson and his background in tax law.
[02:00] - The difference between tax filing and strategic tax planning.
[05:00] - How business owners can use the tax code as a tool to grow their business.
[08:00] - Importance of building a financial team for long-term success.
[12:00] - Strategic planning for mergers, acquisitions, and divestitures.
[16:00] - The value of proactive tax planning and starting early.
[20:00] - Final thoughts on the impact of proper tax strategies on business growth.
Links & Resources:
30 episoder
Del
