Elite Tax Strategist: Making Taxes Strategic, Fun, and Profitable

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Living Your Legacy 14 min 4 speakers 8 chapters transcribed
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What is the main topic discussed in this episode?

Rigo Tierras 0:00
Taxes are actually designed for you to succeed and they're actually designed for you to scare out the wrong people. But there's a way to this path. Talk to us about the golden path as a strategist.
Kymbirley Brake 0:10
Well, A, I don't think people really realize that tax code is made for businesses and it's literally your guide on how the f*** not to pay taxes, right?
Unknown 0:21
Yeah. Kimberly Brake is a resilient, empowering, and purpose-driven tax strategist who turned hardship into a platform for impact. After building her firm from a hospital room as a single mom, she now serves over 1,200 clients nationwide, helping business owners use the tax code to keep more of what they earn and build generational wealth.
Kymbirley Brake 0:39
How did you make tax so fun? If you make it into something that they're like, oh shit, I can do these things and it's fun, then the limits are endless.
Rigo Tierras 0:49
Do you have any words of wisdom for mompreneurs that are also in, you know, taking care?

How did Kymbirley Brake turn hardship into a successful tax strategy career?

Kymbirley Brake 0:53
Just keep going. Like the grind is exhausting, but if you keep at it, it will pay off.
Rudy Mawer 1:05
It spans the globe like a super high school internet. Today, Apple is going to reinvent the phone. It's not over until I win. The Living Your Legacy podcast. For those who live to leave a legacy. That's extraordinary. The impossible. Oh, that is sensational. Jordan.
Jordan.
Rudy Mawer 1:32
Chicago was the way. You said Paul is the fastest man on the planet. You can live your dream.
Rigo Tierras 1:44
Welcome back to another amazing episode of the Living Your Legacy podcast. For Inside Success, I am Rigo Tierras. Joining me today is another powerful, amazing woman, Kimberly Brake. And Kimberly doesn't fix your brakes in your car. She's actually an amazing tax strategist, and she's here to give you the ultimate tax break. Absolutely. Out of Orange County. Out of Orange County, California. I got to ask, what are you doing here?
Kymbirley Brake 2:11
I actually love traveling. I just started traveling. I came here specifically for this. Yes.
Rigo Tierras 2:18
How does one feel coming specifically for their Inside Success Women in Power episode?
Kymbirley Brake 2:24
I was so nervous today.

How can taxes be transformed into a toolkit for business success?

Kymbirley Brake 2:25
I was sick to my stomach all night last night. But this has been the easiest and most comforting process I've ever had.
Rigo Tierras 2:34
Right on. Make sure you write a Google review for us.
Kymbirley Brake 2:36
I will.
Rigo Tierras 2:39
Yes. You're welcome, Rudy.
Kymbirley Brake 2:41
So tell us, what are we going to learn? So you're going to learn how to use your everyday expense that you're already freaking using in your life and how to use that as a tax strategy to write off your business and keep more money in your pocket. It's as simple as that. And that's what blows my mind. Literally, it's as simple as that.
Rigo Tierras 3:02
Folks hear tax and like, oh, they're scared. They just need like a right wizard, a right leader to go. Taxes are actually designed for you to succeed. And they're actually designed for you to scare out the wrong people. But there's a way to this path. Talk to us about the golden path as a strategist.
Kymbirley Brake 3:18
Well, I don't think people really realize that. Tax code is made for businesses and it's literally your guide on how the fuck not to pay taxes. Right. Like that is what it is. And if we can use that code to our advantage, stop overpaying the government and using, you know, strategies for keeping your kids or hiring them for and using Louis Vuitton bags in your business. Like who wouldn't want to do that?
Rigo Tierras 3:46
Yeah, there's all sorts of fun wiggle rooms, loopholes, all sorts of zings and zags. I'm like, wait, what? Word. Yeah, dude. Most movies that are in Hollywood get funded because of tax breaks, tax strategists, or one movie doesn't do well, liquidates that film, which will actually publish, will actually fund that project.
Kymbirley Brake 4:03
Well, that's actually a strategy for some of my clients is investing in movies.

What unique tax strategies can entrepreneurs utilize?

Rigo Tierras 4:07
This is why we'll never see the Catwoman movie because it was liquidated. It was a tax break.
Kymbirley Brake 4:11
Yes, exactly. He made a very good strategist.
Rigo Tierras 4:15
So talk about how one becomes a strategist. Did you just wake up one day and go strategy, tax?
Kymbirley Brake 4:20
How does this happen? No, I took a class in college. I absolutely loved it. And then I was like, you know what? I'm bored. I'm at the hospital all the time with my daughter and I'm going to go to law school.

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