Save Taxes, Grow Wealth Faster!

August 27, 2025•3 min read

In this episode, R. Kenner French dives into one of the most pressing concerns for entrepreneurs—taxes. He emphasizes that while many business owners view taxes as a burden or a waste of time, the reality is quite the opposite. Taxes are often one of the largest expenses for entrepreneurs, which makes it critical to focus on strategies to mitigate them. Kenner draws a parallel to the famous “practice” speech in sports, making the point that just as practice is vital for athletes, understanding taxes is essential for business owners.

Kenner underscores the importance of being proactive rather than reactive when it comes to taxes. Instead of waiting until tax season to deal with a bill, he advises entrepreneurs to review their tax situation quarterly. He suggests that investing just a small portion of time—such as a quarter each year—into tax planning can significantly reduce liabilities. Whether working independently or with a qualified professional, entrepreneurs can optimize their financial outcomes and free up more capital for reinvestment.

Custom HTML/CSS/JAVASCRIPT

Using a simple example, He illustrates how tax planning directly affects long-term growth. If an entrepreneur has $100,000 to invest and earns an 8% return, that growth will be far greater than starting with only $80,000 because of overpaid taxes. By actively lowering taxes, entrepreneurs can increase their investable base and enjoy compounded growth over time. He makes it clear that legal, moral, and ethical strategies should always be the foundation of tax planning—shortcuts or illegal actions only lead to bigger problems.

He also reminds listeners that the IRS itself does not want taxpayers to overpay. In fact, taxpayers have a responsibility to ensure they are not giving away more money than required. He notes that too many people, including some tax professionals, treat taxes as a once-a-year obligation, when in truth it should be an ongoing process beginning January 1st. Regular attention, coupled with professional guidance, can uncover numerous legitimate opportunities to lower taxes.

He closes by encouraging entrepreneurs to take tax planning seriously and to leverage resources like CPAs and tax specialists when needed. At its core, his message is simple: understanding and managing taxes is one of the most effective ways to preserve and grow wealth as an entrepreneur. Kenner invites listeners to share ideas on how to make Tax Tuesday even more engaging, reinforcing his mission of delivering business secrets that help entrepreneurs thrive.

Takeaways

• Taxes are one of the biggest expenses for entrepreneurs.

• Spending time on tax optimization can lead to significant savings.

• Engaging with a tax professional is crucial for effective tax management.

• Regularly reviewing taxes can prevent overpayment to the IRS.

• Lowering taxes can increase the overall return on investments.

• Entrepreneurs should not wait until tax season to address their taxes.

• Understanding your financial books is essential for tax planning.

• There are many legal ways to lower your tax burden.

• The IRS does not want taxpayers to overpay their taxes.

• Proactive tax management can lead to better financial outcomes.

Sound Bites