From Corporate to Tax Strategist: KC Chohan on Planning, AI, and Growing Together CFO

In this episode of the Big Hitters podcast, KC Chohan, founder of Together CFO, shares his journey from corporate executive to entrepreneur, detailing the challenges he faced in building his client base and the importance of tax strategies for high net worth individuals. He emphasizes the difference between tax planning and tax preparation, innovative charitable giving strategies, and the integration of AI into financial services. The discussion also touches on the current political climate and its impact on the economy, as well as effective marketing strategies for accounting firms.

Takeaways:

• KC built his business while still working full-time.
• He initially said yes to every client to build cash flow.
• A significant success story involved scaling a client's revenue from $5 million to $120 million.
• Many people are unaware they are overpaying on taxes.
• Tax planning is crucial for high net worth individuals.
• Strategic giving can provide significant tax benefits.
• AI is being integrated into financial services to enhance efficiency.
• Referrals are the best source of growth for accounting firms.
• The political climate is affecting the economy and business operations.
• KC encourages potential clients to reach out for a consultation.

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