Matt Lents is a forward thinking entrepreneurial CPA with a passion for self development and helping others. He has Ecommerce, Crypto, and Real Estate tax specializations. He has visited 55 Countries and counting – mostly 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) Prepare by getting a financial adviser and making effective tax planning decisions.

3) Pursue what you love; you only get one chance in life. Have the courage to achieve your dreams – and take risks.

Sponsors

Ketone-IQ: There is a product out there people are calling nature’s superfuel in a bottle! Introducing the world’s best kept secret: Ketone-IQ. The next 100 people to visit Ketone-IQ.com and use promo code FIRE at checkout will save 20%!

HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.

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!

[12:43]– A timeout to thank our sponsors!

• Ketone-IQ: There is a product out there people are calling nature’s superfuel in a bottle! Introducing the world’s best kept secret: Ketone-IQ. The next 100 people to visit Ketone-IQ.com and use promo code FIRE at checkout will save 20%!
• HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.

[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!

[26:24] – Thank you to our sponsors!

• Ketone-IQ: There is a product out there people are calling nature’s superfuel in a bottle! Introducing the world’s best kept secret: Ketone-IQ. The next 100 people to visit Ketone-IQ.com and use promo code FIRE at checkout will save 20%!
• HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.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!

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