How a Single Mom Built a Tax Empire
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How does Taryn explain the value behind paying a tax strategist instead of DIY filing?
Sometimes I hear people say, you know, well, you're just putting numbers on a form. A spreadsheet. Yeah, you're just data entry, you know, like, why should I pay so much just to fill out a form? It's not dollars for hours. It's you're paying for my experience, my... expertise and knowing where to hit that nail.
Taryn Halomo is a resilient, strategic, and growth-driven licensed tax strategist and the founder of Taryn Tax Pro. Drawing from her expertise as an enrolled agent, she helps entrepreneurs and investors maximize savings and build lasting wealth.
You don't even need to sit for your CPA, which was my next step. I said, don't do that. EAs know more about taxes than CPAs do. Unfortunately, I need a license to file your nails. I don't need a license to do your taxes.
How did you know that you were on the path of greatness? Like, this is it.
You know.
It spans the globe like a super high school internet. Elvis Presley. 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.
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welcome back to another episode of the living your legacy podcast uh for inside success i am ray gutierrez uh moments before filming her episode for women in power is taryn halamo she is uh the founder of accountable tax professionals welcome thank you happy friday yeah happy friday First of all, I have to compliment your amazing frames.
Oh, thank you.
Those are awesome. Thanks. When someone does tax or someone says a calculator in the corner, how does one kind of stand out? Do they start with amazing frames like that? Oh.
No, I mean, I always like to do something a little different. I don't want to be that nerdy, you know, tax person. For sure. So I like to do a little bit fun, fun stuff when I can.
Speaking of fun stuff when you can, Lolo just stepped into the room. You'll be doing your session with Lauren today.
Okay, great. Hi, Lauren.
So I'm just a preview. Speaking of which, what will we learn about you in your Women in Power episode?
Oh, a little bit of what brought me to where I am now, a little bit of what I do, and maybe a little bit of what's to come.
Oh, hell yeah. Where would you like to start? The future, the past, or the present?
Why don't we talk about the present?
What's going on today?
Today. Today, I lead a firm that specializes in businesses and their owners. We use some aggressive tax strategies, more advanced tax strategies than you might see or know from your everyday CPA with his shingle out on the street. Because we specialize in businesses and their owners want to save money. I mean, every day I hear like, you know, I don't mind paying my share. I just feel like I'm paying too much. Sure, sure, sure. So that's what we focus on.
That's awesome. You're the reason why a lot of these billionaires now seem to be trillionaires don't pay tax for a couple of decades. It's because they've paid their taxes, all their dues. They've got geniuses like you kind of going, don't jump here. Turn right here, make a left there. Trust me and wink twice when you get to this form and you got it.
Yeah, I do that sometimes. No, no, no, no, no.
No, no, I do the exact same thing. Someone starts talking budget number, they go, la, la, la, la.
Mine is more like when they go, well, what I do.
It's awesome. Can you explain to folks why all these weird numbers and these forms? It almost feels like it's designed to complicate things, but it's really simple and streamlined if you're kind of trained like you are, isn't it?
Some of it is simple and streamlined. I always say, you don't know what you don't know. And if you don't know, you shouldn't be trying to, do not try this at home kind of thing. There are a lot of forms. There's a lot of crazy forms. We talked a minute ago about international tax. If you have any international things, there's always some form that you might forget that has a hefty five-figure penalty.
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