You're Probably Overpaying in Taxes. Here's What to Do About It
Most law firm owners think they're covered on taxes. They've got a CPA. Returns come in on time. No audits. What else is there?
A lot, actually.
The difference between a tax preparer and a tax strategist isn't just terminology — it's tens or even hundreds of thousands of dollars a year. And if nobody's having proactive conversations with you throughout the year, those strategies disappear on December 31st. Every year.
In this episode, Moshe sits down with Boris Musheyev, CPA, certified tax strategist, and founder of BorisMTax, to have the conversation most firm owners never get to have.
You'll learn:
- The critical difference between a tax preparer and a tax strategist—and why most law firm owners are missing out on 6-figure savings
- Why single-member LLC law firms are among the most over-taxed businesses in the country
- How owning the building you operate out of can produce six-figure tax write-offs
- The cash balance plan strategy that lets some firm owners shelter $400,000+ per year
- What triggers an IRS audit — and why doing things right means you have nothing to fear
- Boris Mashayev’s step-by-step process for proactive tax planning and navigating IRS audits with confidence
This is for the profitable law firm owner who assumes their tax situation is handled. It probably isn't and this episode is the proof.
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Episode Highlights
[00:00] Why law firm owners must rethink tax planning for business growth
[02:52] Discover how proactive tax strategies lower attorney tax liability
[05:08] Learn the difference between tax preparers, planners, and strategists for your firm
[10:06] Implement essential tax strategies that boost law firm profitability
[12:51] Use advanced tax planning for lawyers to maximize business deductions
[17:56] Optimize retirement planning with advanced strategies for attorneys
[23:02] Follow a step-by-step tax planning process to reduce firm taxes
[27:18] Maintain records and documentation to protect your firm in an IRS audit
Resources
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Not sure if now’s the right time? Book a call with us to talk it through and see if it’s a good fit.
The Largest and Hidden Expense of Your Law Firm and How To Tame It with Boris Musheyev
Connect with Boris Musheyev: Facebook | LinkedIn | Instagram | YouTube | Website
Free Training Learn How to Save 100k+ on taxes In 30 Days
About Boris Musheyev
Boris is a CPA and Certified Tax Strategist, and the founder of BORISMTAX, a 7-figure tax planning and advisory firm based in New York City. He helps business owners move beyond basic tax preparation by implementing proactive tax strategies designed to reduce tax liability and improve long-term financial outcomes. His firm has served over 40,000 business owners across 40+ states and focuses on helping entrepreneurs keep more of what they earn through structured tax planning.
Connect with Boris Musheyev on his Website. You can also follow him on Facebook, LinkedIn, Instagram, and YouTube.
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful.
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