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Why Your Tax Preparer Could Cost You Thousands
Manage episode 463442796 series 3576901
In this eye-opening episode of Yes, You Can Buy a Home, Keith Goeringer is joined by JT Thomas from Solutions Group Accounting Firm. Together, they break down the essential differences between CPAs and tax preparers—and why relying on the wrong professional could cost you tens of thousands of dollars. Whether you’re a first-time homebuyer, a seasoned property investor, or a business owner, this episode will teach you how the right team can save you time, money, and stress.
Key Takeaways:
- Why communication is the #1 issue clients face with accounting firms.
- How JT and his team saved a client over $50,000 through cost segregation.
- The shocking truth about tax preparers—no formal education required!
- Why a CPA is worth their weight in gold for proactive tax planning.
- The dangers of social media tax advice and how to filter the facts.
What You’ll Learn in This Episode:
How to Spot the Right CPA
Understand what makes a CPA different from a tax preparer, and why a CPA’s expertise can directly impact your financial success.
The Importance of a Team
Keith and JT discuss why having trusted experts like CPAs, mortgage lenders, and financial advisors on your team is crucial to managing your finances effectively.
Cost Segregation Explained
Learn how this powerful tax strategy can dramatically reduce your tax bill—and why most people have never heard of it.
The Pitfalls of Social Media Tax Advice
Discover why viral tax tips can often mislead you, and how to protect yourself by seeking advice from qualified professionals.
Quotes from the Episode:
- “A good CPA is worth their weight in gold—they don’t just file taxes; they help you save thousands.”
- “You wouldn’t go to a personal injury lawyer for a business contract. So why trust a tax preparer for complex tax strategies?”
- “The $50,000 we saved was life-changing for me—and none of my previous CPAs even brought it up.”
Resources Mentioned:
- Solutions Group Accounting – Get in touch with JT Thomas and his team.
- Contact JT directly: [email protected]
Connect with Keith:
- Website: keithgo.com
- Instagram: @keithgoeringer
- Facebook: Keith Goeringer Mortgage
Subscribe & Review:
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Schedule your free consultation- http://schedulewithkeithgo.com
Send me a message - [email protected]
Chapters
1. Introduction (00:00:00)
2. Importance of Having a CPA (00:02:55)
3. When to Hire a CPA vs Using Tax Software (00:07:13)
4. How a CPA Can Save You Money (00:11:38)
5. Difference Between Tax Preparers and CPAs (00:15:00)
6. Dangers of Misinformation on Social Media (00:20:00)
7. Building a Team of Trusted Advisors (00:25:00)
8. The 5 Essential Team Members for Entrepreneurs (00:35:00)
9. The Value of Mentorship (00:40:00)
10. How to Get in Touch with JT (00:42:46)
11 episodes
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