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Financial expert Paden Squires shares powerful insights on tax planning, wealth building, and entrepreneur mindset strategies to help business owners keep more of what they earn. He explains how proper financial planning goes far beyond basic tax preparation, requiring strategic quarterly meetings and documentation of tax-saving opportunities like the Augusta rule.
• Paden's journey from corporate employee to entrepreneur driven by childhood financial anxiety
• Most entrepreneurs struggle with financial disorganization and lack clear visibility into margins
• Traditional CPAs often only prepare taxes without offering strategic planning or wealth-building advice
• The Augusta rule can save entrepreneurs $3-5K annually by renting their home for business meetings
• Documentation is crucial for any tax strategy to withstand potential audits
• Proper financial mindset requires understanding the balance between delayed gratification and growth
• Tracking weekly financial KPIs like margins and cash flow prevents reactive decision-making
• Advanced strategies like deferred sales trusts and opportunity zones can significantly reduce capital gains taxes
• "With enough time and energy put into something, you can get better at it" -
Connect with Paden at squirestaxplanning.com to book a call about your tax situation or find him on social media and his podcast "Behind their Success."
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