Adam Williams is an accomplished and entrepreneurial tax attorney with a unique background in law and accounting.
He is co-founder of Pennywise Tax, a consultancy dedicated to helping business owners, especially those in the legal industry, save substantial amounts of money through innovative tax strategies.
With a career that includes experience at a Big Four accounting firm and admission to tax court, Adam brings a wealth of knowledge and practical insights to his clients.
He is married to a CPA, which provides a dynamic and well-rounded perspective on tax issues.
Adam is also the author of the book “Everything Your Kids Wish You Knew About Owning a Business.”
In this insightful episode of the Managing Partners Podcast, host Kevin Daisey interviews tax strategist Adam Williams from Pennywise Tax.
Recorded after a meeting at the Eight Figure Firm conference, this episode dives deep into actionable strategies for law firm owners and entrepreneurs to save thousands on their taxes.
Adam, a tax attorney with a rich background, offers unique insights into maximizing tax deductions while ensuring legal compliance.
The conversation ranges from leveraging the Augusta rule to family-centric tax planning, providing listeners with a treasure trove of information to improve their financial strategy.
Adam discusses the often overlooked opportunities in the tax code that business owners can utilize to optimize their tax bills.
The discussion emphasizes the importance of planning, particularly around growth and business expenses, and challenges the conventional approach most accountants take.
Listeners will discover how approaches such as paying children a fair wage for business tasks, optimizing business travel expenses, and using investment strategies harmonize with tax benefits, offering both short-term savings and long-term financial planning potential.
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