From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

Matt Lents is an entrepreneurial CPA specializing in eCommerce, crypto, and real estate taxes, passionate about self-development, helping others, and traveling to 55+ countries through travel hacking.

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Guest Resource

Matt’s Instagram – Connect with Matt on Instagram, learn more about his services, and get a discount for being a Fire Nation!

3 Value Bombs

1. You can achieve success without it being complicated.

2. Get a financial adviser and plan your taxes wisely.

3. Pursue what you love. Take risks and chase your dreams.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Tax, Hacks, and Everything in Between with Matt Lents

[1:12]- Matt shares something he believes about becoming successful that most people disagree with.

He believes that you can achieve success without it being complicated.

[3:59] – How does an economic climate in America affect the tax landscape?

It can affect the tax landscape, especially in the eCommerce space.
To recover from expenses, revenue will be raised, and to increase revenue, taxes will be increased.
You have to find more unique and existing ways to increase revenues.

[5:55] – What precisely is your specialization?

Matt focuses on eCommerce and the tax arena.
He works with entrepreneurs in business, real estate, and the crypto space.
He helps in providing creative strategies for tax savings.

[7:29] – Who are your ideal clients?

Matt would like to work with creative clients, innovative, forward-thinkers – those who are not afraid to take risks.
He wants to work with clients aligned with his energy and core philosophy.
He loves building long-term partnerships and strives to create a book of business with other entrepreneurs like him.

[9:20] – Matt shares a few stories about his clients.

One of his clients is a significant player in the eCommerce space
One of his clients liquidated his life savings and took a giant leap into building a prototype for an invention!

[13:00]– A timeout to thank our sponsors!

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[15:20] – What one sector is coming across more issues than others?

Anytime there is an upward tick in a particular industry, legislation and regulation follow.
A massive influx of people are stepping into the eCommerce space
Real estate is also coming across more issues, but there are also continuous developments.

[17:00] – What industry do you see the most developments in?

The cryptocurrency industry.
Despite all the challenges being presented, the eCommerce industry is also seeing new developments all the time.

[18:18] – What are the solutions you bring to your clients?

Matt helps his clients by looking at the entity they’re running and how they can optimize that.
He creates tax efficiencies and tax planning strategies his clients can implement

[20:10] – Where do you see the overall tax landscape heading in the next 5, 10, and 15 years? What can Fire Nation do to prepare?

Matt sees an increase in taxes in the coming years.
You can prepare by getting a financial adviser and making effective tax planning decisions.
As an entrepreneur, always have your books current.

[22:33] – Matt’s parting piece of guidance.

Pursue what you love; you only get one chance in life. Have the courage to achieve your dreams – and take risks.
Matt’s Instagram – Connect with Matt on Instagram, learn more about his services, and get a discount for being a Fire Nation!

[27:05] – Thank you to our sponsors!

Cape: A privacy-first mobile carrier, built from the ground up with security as the priority. If you care about protecting your digital life without giving up your smartphone, Cape makes that possible. Visit Cape.co/fire and use code FIRE for 33% off cape for 6 months today!
HighLevel: The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies! Learn more at HighLevelFire.com!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Tax, Hacks, and Everything in Between with Matt Lents: An EOFire Classic from 2022

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