Jason Allen: Turning Tax Savings into Passive Income Opportunities
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About Jason Allen: Jason Allen is a seasoned entrepreneur and innovator in the legal industry with nearly two decades of experience transforming how law firms grow and operate. After successfully building, scaling, and selling a national law firm, he founded Firm Outcomes, a consulting company that delivers high-impact services including Qualified Legal Leads, Lead Follow-Up Systems, and Strategic Tax Planning for Law Firms. His results-driven strategies help attorneys increase profitability, improve efficiency, and keep more of what they earn. In addition to his consulting work with Firm Outcomes, Jason continues to run a national personal injury and mass tort firm while channeling his entrepreneurial spirit into Enlightenment Meadery, blending his passion for craft beverages with business innovation.
In this episode, Ted and Jason Allen discuss:
- Strategies for reducing tax burdens for attorneys and business owners
- The importance of proactive tax planning to improve cash flow
- Structuring businesses and income to maximize financial efficiency
- Exploring alternative and passive investment opportunities for long-term financial growth
Key Takeaways:
- Many professionals overlook how much taxes drain profits, but by auditing expenses, maximizing deductions, and keeping accurate records, firms can free up major cash flow to reinvest in growth.
- Strategic income-shifting—like hiring family members or balancing salary and distributions—can legally lower taxable income while supporting family and succession goals.
- Structuring as an S-Corp lets firm owners take part of their income as distributions exempt from self-employment tax, cutting their total tax burden significantly.
- Investing in income-producing assets instead of locking money in retirement accounts can reduce taxes now while building long-term wealth through passive income streams.
"Tax planning literally takes two hours of work on your end, and you’re saving tens to hundreds of thousands of dollars." — Jason Allen
Connect with Jason Allen:
Website: https://www.firmoutcomes.com/
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/jasonroyceallen
Traffic to Leads Information and links
JuvoLeads.com contact page: https://juvoleads.com/contact/
JuvoLeads website: https://juvoleads.com/
Connect with show host Ted DeBettencort: [email protected]
Ideas or guests for the show: [email protected]
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