Hey, I'm Carlotta Thompson, and you're listening to Protect the Profit podcast.
This podcast was made for entrepreneurs like you who want to learn how to protect
the profits in your business from the government, from outsiders, and,
yes, even yourself off with the IRS to help business owners just like you.
So let's figure out how I can help you keep more of your hard earned money.
Back a few years ago,
I walked into a meeting with a business owner with tears rolling down his face.
He said, Carlotta,
you're going to take everything that I've worked so hard for.
A few months before that,
I had a colleague that was working with a business owner.
He killed himself and his wife a few months before that.
I was in a on it with taxpayer and he threatened to kill me.
As you can imagine, this is not what I thought working
at the IRS was going to be like when I was 14 and so excited to be an IRS agent.
When I was 14, I was sitting at my bar and I was going
through the mail and I look like I came in on how to prepare taxes.
And it's the little booklet that they used
to send in the mail to help you fill out your tax return.
And I started reading it and I started getting excited about it.
And I started studying it.
And I was like, oh, my gosh, this is what I want to do with my life.
I knew at that point that I wanted to do taxes as my career.
So a few years after that, I
went to college for taxes and started working at a local accounting firm.
And I was like, I can't wait to be an IRS agent because I thought the IRS went after
accounting firms that were doing things wrong.
I know that's silly, but, um, when I started working at the IRS,
I realized that, no, they actually don't do anything
to accountants that are hurting you tax wise.
They actually are focused on
auditing business owners. Right.
And they do definitely have a a place we
have to have the IRS or something like that, or there's no revenue coming
into the U.S. government and therefore they have to have the IRS.
So I started auditing business owners and it's not what I thought.
Right, because I thought the IRS was going to go after accountants and help
and go after people that were trying to commit fraud.
I didn't realize how unfulfilling the IRS was going to be.
So I started a ministry at night helping business owners pay the least tax legally
possible because that is what gave me the fire.
That's what I loved when I started studying tax law was
the opportunity to help people save taxes.
And so I started this ministry at night
to make myself feel good so I could get through being an IRS agent during the day.
And before long, I was like,
I've got to get out in front of this and help business owners pay less tax.
And so I left the IRS and I started our firm.
And now we have we have clients from coast to coast.
We have employees from coast to coast.
And we've grown this amazing accounting
firm that focuses on implementing Tax Strategy.
So a lot of accounting firms are focused
on just compliance, getting the return done as fast as possible.
Our focus is on implementing Tax Strategy in order to help business owners pay
the least tax legally possible, because that is
what business owners need so that they can protect their profit from the government,
so they can grow their business or get back to what they are passionate about.
So after I started the firm, I was like going along protecting
business owners from the government.
And I soon realized that business owners felt like they can outrun.
Paying tax.
Their focus was on making more money, not on keeping more money in so.
Protecting the prophet was born from
protecting the prophet only from the government, but from yourself,
because business owners really struggle with growing their wealth
and having their business work for them versus them working for their business.
And so that's where protection
from yourself comes in and then also protection from others.
So as you're growing your business, you're going to have all of these things,
these offers that you can purchase and you're going to focus on making more
sales and then you're going to have to protect that profit so that you
actually have a profit margin so you can pay yourself because so many business
owners, they'll grow their business to a million dollars that their profit is no
more than it was when they were at a hundred thousand dollars.
And so we focus on protecting the profit from others is what we call that.
I'm excited for you to be on this journey with me as we protect your profit
from the government, outsiders and even yourself loving the tax.
Me too.
And I've got a whole lot more to buy, more episodes and information visit,
protect the profit dotcom and be sure to write and review this episode
and follow us on Spotify, iTunes or your favorite podcast player.
Thanks for listening.
And check out more at Protect the Profit Dotcom.