Avoid These 3 Tax Mistakes Most Firms Make

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Most architecture firm owners don’t realize how much money they’re leaving on the table. In this episode, financial experts Tal and Rachel Richards, CPA, reveal some of the most common — and costly — mistakes architects make when it comes to taxes. They also offer powerful insights on how to build long-term wealth with the income you’re already earning.

Whether you’re just starting out or have a small team, this conversation will change how you think about profit, planning, and even partnerships. Enoch guides the discussion toward real-world scenarios so you can apply these lessons today. But be warned — what you don’t know might already be hurting you.

In this episode, you’ll discover:
A legal setup most architects choose — and why it could quietly wreck your margins
The surprising place many firm owners hide thousands (without knowing it)
How smart architects turn business income into tax-free personal wealth

Tune in — your future self will thank you.

To learn more about Tal & Rachel, visit their website: https://www.joingelt.com/

00:00 Intro
02:15 Why S-Corps Become Your Worst Enemy at Scale
05:32 The $100K Architect's Tax Strategy Breakdown
09:18 Entity Structure: Legal vs Tax - Know the Difference
12:44 When S-Corps Break: The Partnership Problem
15:20 Home Office vs Augusta Rule - Choose Wisely
18:35 The $2,500+ Hidden Cost of Going Corporate
22:10 QBI Deduction: Why Architects Have Unfair Advantage
25:47 Payroll Strategy That Maximizes Your Take-Home
29:33 The Salary Sweet Spot Formula Revealed
32:08 Three Ways to Build Long-Term Wealth Tax-Free
35:22 Real Estate Losses That Slash Your Tax Bill
38:45 Why Buying Office Space Under Your Firm Kills Deals
41:30 The Partner Problem That Destroys Tax Benefits
44:18 Mistake #1: Dirty Data Kills Tax Optimization
46:52 The Real Estate Ownership Structure That Backfires
49:25 Why Relationships Trump Tax Savings Every Time
51:40 The Year-End Planning Trap Costing You Thousands
54:33 How to Connect with Gelt for 10% Podcast Discount