021: Elite Tax Planning: Creating Extraordinary Client Value - Josh Dixon

The Due Diligence Project™ Podcast

Episode Summary: In this interview, Due Diligence Project founder Alex Sonkin speaks with CPA Josh Dixon about his journey from traditional tax preparation to high-value tax planning. Josh shares how he transformed his practice to focus on strategies that deliver significant tax savings to clients while improving his own work-life balance and revenue.

Key Topics Covered:

• Career Evolution: Josh's path from aspiring stockbroker to owning a CPA firm and discovering his passion for proactive tax planning
• Practice Transformation: How Josh transitioned from compliance-focused work to advisory services that deliver substantial client value
• Client Success Stories: Examples of tax savings achieved, including reducing a client's tax bill from $300,000 to approximately $40,000
• ROI Comparison: Why tax planning can deliver returns that outperform traditional investment management
• Due Diligence Approach: The importance of thoroughly vetting tax strategies through a community of experienced professionals
• Work-Life Balance: How focusing on higher-value services has improved Josh's quality of life while increasing revenue
• Implementation Tips: Josh's advice that CPAs only need to master a few high-impact strategies to transform their practice

Featured Quotes: "I enjoy being more of a partner with them rather than just somebody who fills out their forms. I enjoy working with my clients throughout the year and being able to make more of an impact in their lives." - Josh Dixon

"You save him $260,000 a year. Four years, that's over a million bucks. That's a million bucks. Whether you're Bill Gates or whether you're Joe Smith, a million bucks is a million bucks." - Alex Sonkin

Resources

• https://duediligenceproject.com/

This episode provides insights into how tax professionals can shift from compliance work to advisory services that deliver significant value to clients while improving their own practice profitability and work-life balance.

Chapters

1. Introduction to Elite Tax Planning (00:00:00)

2. Josh's Journey to Becoming a CPA (00:01:51)

3. Moving Beyond Tax Preparation (00:04:45)

4. The ROI of Tax Planning vs Investing (00:08:30)

5. Creating Time for Strategic Planning (00:13:37)

6. Real Client Results and Impact (00:18:09)

7. The Due Diligence Project Advantage (00:21:16)

8. Final Advice and Conclusion (00:23:10)