Common Tax Mistakes High Earners Make and How to Fix Them with David Bull

Are you overpaying in taxes without even knowing it? Would you like to learn how to keep more of your hard-earned money?

In this episode, David Bull rejoins Russ and Joey to discuss why 100% of the tax returns his team reviews each year require amendment. David explains the common mistakes entrepreneurs make with their taxes, why CPAs may not always have your best interest in mind when reducing tax liabilities, and how proactive tax planning can save you hundreds of thousands of dollars.

He also shares insights on how entrepreneurs can avoid surprise tax bills and maximize tax deductions, such as leveraging the qualified business income deduction. This episode is a must-listen for anyone looking to take control of their tax situation and avoid overpaying.

Tune in to take control of your tax situation and stop leaving money on the table!

Top three things you will learn: 

-Spotting tax errors and saving a significant amount of money

-Reducing self-employment taxes with smart entity strategies

-Mastering your tax return and aligning with your CPA

About Our Guest:

David Bull is the Founder and CEO of Ark Financial, a firm redefining the family office model to serve the complex needs of entrepreneurs and business owners. Since founding Ark in 2013, he has helped hundreds of families optimize tax structures, scale their businesses, and build generational wealth. To systematize this approach, he developed the Family Office Operating System (FOOS™) and proprietary tax software, enabling more sophisticated planning at scale.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with David Bull:

-Website - https://wealthwithoutwallstreet.com/tax

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-https://thebillionairepodcast.com/

Want to raise millionaire kids? Watch how Sharran Srivatsaa — former Goldman Sachs banker turned entrepreneur and investor — is building a generational wealth system with his kids, step-by-step. 

-https://go.wealthwithoutwallstreet.com/millionaire-kids

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-https://wealthwithoutwallstreet.com/pios

Wealth Without Wall Street New Book:

-https://wealthwithoutwallstreet.com/newbook

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-https://www.wealthwithoutwallstreet.com/live

-Promo Code: PODCAST

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