Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Ted DeBettencourt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ted DeBettencourt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Jason Allen: Turning Tax Savings into Passive Income Opportunities

20:29
 
Share
 

Manage episode 513533367 series 3501228
Content provided by Ted DeBettencourt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ted DeBettencourt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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]

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

  continue reading

89 episodes

Artwork
iconShare
 
Manage episode 513533367 series 3501228
Content provided by Ted DeBettencourt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ted DeBettencourt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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]

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

  continue reading

89 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play