The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners

The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners


Minimizing Taxes and Maximizing Profits with Jayden Doye (Ep. 47)

March 25, 2024

Are you a law firm owner looking to navigate the maze of taxation while maximizing your profits? This exciting episode of The Lawyer Millionaire Podcast promises to be your guiding star.


Our host Darren Wurz sits down with Jayden Doye, a mastermind in tax strategy who has carved out a niche in optimizing law firms’ tax situations. Jayden shares valuable insights into selecting the right market, implementing innovative cash management systems, and changing your business’s financial trajectory.


As a proponent of work-life balance, Jayden also dives deep into making your firm not only successful but also a source of personal fulfillment, allowing you to enjoy life’s luxuries like six vacations a year!


Doye discusses:


  • The benefits of incorporating a ‘profit first’ system to manage your cash better and ensure year-round readiness for tax obligations.
  • Strategies for ethical law firm owners to distinguish themselves in a competitive market.
  • Why he doesn’t work for people he doesn’t like.
  • The differences between a value first firm and a volume first firm.
  • How involving family members in your firm could be a masterstroke for tax deductions, retirement benefits, and instilling strong work ethics.
  • Practical tips on leveraging business conference attendance to grow your firm’s network, expand your knowledge base, and enjoy tax-deductible travel perks.



Resources:


Connect with Darren Wurz:


Connect with Jayden Doye:


About our guest:


Jayden was not always the financial guru that he is today. Growing up in a household just shy of the federal poverty line in Prince George’s County, Maryland, he knew the importance of money management but didn’t have the tools to create the financial stability he so desperately craved. After graduating Towson University with a B.S in Accounting and incurring a large amount of debt, Jayden was determined to make a change.


With a little hard work, and A LOT of sacrifice, Jayden became independent, gained professional growth as an accountant at a small CPA firm in Atlanta, and became a Certified Public Accountant. Over the next years, he’s worked with clients in just about every industry — helping them not only expand their financial portfolios, but to create plans that ensure financial sustainability and minimize taxability.


As a CPA, Jayden’s goal is to help entrepreneurs like himself gain independence and create a unique action plan to bring more to their bottom line while paying less in taxes. Invest in yourself and start working with Jayden TODAY!