Tyler McBroom. How the Rich Avoid Paying Taxes (legally). Episode 382 with The Real Brad Lea (TRBL)
Dropping Bombs
Brad Lea
4.8 • 2.3K Ratings
🗓️ 24 June 2021
⏱️ 70 minutes
🧾️ Download transcript
Summary
Tyler McBroom is a tax professional who loves to help his clients keep as much money as possible from Uncle Sam as they grow their businesses. Tyler grew up hearing his CPA father talk tax strategies with his business-owner friends on ski trips and now puts the knowledge he soaked up as a child to good use. Tyler is now partners with his father at Measured Results, CPAs, which was recently featured as an Intuit Firm of the Future.
In this episode, Brad and Tyler discuss how the rich avoid paying taxes legally, his partnership with Tony Robbins, and the tips EVERY business owner will want.
00:00 Intro
01:20 Follow Tyler
01:30 Shout-out to Melanie!
03:44 Tax Brackets
05:00 1031 Exchange
08:50 Tips for every business owner
09:47 “A CPA should always be a profit center for you.” - Tyler McBroom
11:50 How to think proactively
16:01 The need to buy things in a certain amount of time
17:34 “Cashflow matters” - Tyler McBroom
18:49 What does it cost to work with Tyler and his team
24:10 Bank statements are not enough- you need books
28:16 Name of restaurant, date of the meal, amount, who you met with and business relationship, what you discussed. -- The five things you need from a receipt
30:48 “It’s gotta be ordinary and necessary.” - Tyler McBroom
36:40 Family Business
37:19 “You might put numbers in a box at first but you really do provide value for people.” - Tyler McBroom
38:28 Buy Tyler’s Book! “Cashflow and Grow” https://www.tylermcbroom.com/bradlea
40:23 The difference between a CFO and a bookkeeper
41:47 KPI’s
44:57 Bomb 1: As an entrepreneur you will take a paycheck out of your business a lot faster following these guidelines
45:22 The top three things you need (hint: 1. Books 2. Tax planning 3. CFO)
51:28 Is being an “influencer” an advantage?
59:15 When does marketing become “too much”
01:01:30 Travel strategies
01:02:44 Tony Robbins
01:06:06 Bomb 2: How Tyler’s company worked with Tony Robbins
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Listen up or run |
| 0:23.1 | What it is Bradley back again with another episode of drop bombs today on the set folks |
| 0:29.3 | I've got a real treat for you Tyler McBrume. What's happening? What's going on Brad? |
| 0:33.7 | Get to be here folks if you don't know Tyler you will he's a CPA MBA partner and CEO of measured results |
| 0:40.9 | He's a tax professional who loves to help his clients keep as much money as possible from Uncle Sam as they grow their businesses |
| 0:46.7 | Which is important |
| 0:48.2 | Tyler grew up hearing his CPA father talk strategies with his business owner friends on ski trips and now is putting that knowledge |
| 0:55.1 | To good use Tyler's partners with his father at measured results which are CPAs which was recently featured as an |
| 1:02.4 | Intuit firm of the future |
| 1:04.4 | All right, I'll be down quick books. You're also partners with Tony Robbins in the business mastery courses |
| 1:10.2 | Yep, which which which is which is frickin excellent credibility because I know Tony and he don't pick slouches |
| 1:16.2 | That's right and whether it's discussing tax and business strategies of the fundamentals of personal finance |
| 1:22.2 | Tyler also has a passion for teaching others he shares in his knowledge daily across various social media channels and |
| 1:28.5 | Conducts weekly in-person presentations in his mission to help make taxes and business concepts easier to understand bringing taxes to the masses as he likes to say |
| 1:37.6 | So you got a podcast tax savers university. Yeah, and you got a number one book out right now cash flow and grow |
| 1:44.2 | That's right if you guys want to follow them at Tyler McBrume or Tyler McBrume dot com |
| 1:50.2 | Says your sister Melaneseing my closer school. She is. Ah, yeah, she was just out at your event |
| 1:55.7 | Last month. Yeah, now I know who you are. Okay. I'm like dude |
| 1:59.4 | I need to get to know this guy was guardless, but now I know cuz she was talking a lot about you. Yeah, gotcha |
| 2:03.6 | Yeah, she's asking me how like how to close deals for you. Uh-huh |
| 2:06.6 | Yeah, like get if if now that I know this like all really help her try to trick nice close some serious |
| 2:12.6 | Bizz yeah, actually she sent me one of your your post that was a Q&A of asking one of her questions and going through the |
... |
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