He owed the IRS $100,000 by the end of his second year in practice. 😳
Looking back, he says it was the biggest business mistake he ever made.
The problem? He didn’t understand the importance of having the right business entity, structure, and professional tax guidance.
After getting a CPA, his tax situation changed dramatically—and the experience taught him a lesson he now shares with other business owners:
If you don’t know what you’re doing, get professional help.
A powerful business and entrepreneurship lesson about taxes, business structure, CPAs, financial mistakes, and learning from experience.
☕ Watch more from Coffee Time with Carlos Machado.
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