Michael Uadiale, CPA, is a Master Tax Strategist whose passion is helping Entrepreneurs achieve Financial Freedom using legal, ethical, and moral tax strategies. Michael is renowned for simplifying complex tax codes into easy actionable steps to build generational wealth, protect assets, and reduce taxes. A very engaging public speaker and avid basketball enthusiast, Michael in his spare time leads charitable medical missions to underserved people groups in Africa.
Episode Highlights Here:
Brett
Before we jump into this episode, I wanna invite you to join our community to help you become a better steward scale to billions and ultimately give more or all of it away. All I want you to do is to click the subscribe button right now. I love your support. It’s incredible to see your comments, and we’re just getting started. I can’t wait to go on this journey with you. Thank you so much for subscribing. It means the world to me. Welcome to the build it to billions podcast where we guide successful entrepreneurs and investors on their journey from millions to millions. We believe the key to scaling and compounding your wealth and life source every single day with the mindset and practice of stewardship over ownership and applying billionaire biblical principles, our ultimate goal has helped you scale and make a bigger impact with your wealth, your life and everything in between. I’m so excited about next guest. He is out of the great state of California, kind of where I’m originally from, the Bay area of California. He’s a seasoned CPA who helps entrepreneurs create and preserve wealth through different tax strategies. Today we’re gonna be talking about the big, beautiful bill. It just passed a couple that couple 48 hours ago or so, and some of the key things that you’re gonna wanna look at as a business owner or real estate owner or entrepreneur or investor. And for those who don’t know me, my name is Brett Swartz. I’m the founder of capital gains tax solutions, where we’re also streaming live. Well, we’ll be streaming this to that podcast and YouTube channel as well, but please welcome to the show with me, Mr. Michael, and I’ll have him pronounce his last name, Michael. How are we doing today? Yes, it’s a great last name, by the way, it’s fantastic. By the way, you can learn more about Michael if you want to by going to his website. And that is Smead cpa.com Smead cpa.com Michael, for our listeners, get to know you for the first time. Would you give us a little more about your story and your current focus?
Michael
Yeah. Thank you so much, Brett, for having me here today. It’s been an exciting journey. Somebody once asked me, How did I get into the business of tax planning. I’m like, it was a very interesting story, because when I qualified to become a CPA, I got slammed with a big tax bill. Then I was in corporate America as a controller, and I got a CPA to do my taxes, and I was really shocked when I got the tax bill that he said I owe the IRS, and that got me really thinking and saying, Okay, if I sent my taxes to a CPA to do, and I ended up with this big five digit tax bill, something is not right with this picture. And that was how I got into tax planning and tax advisory services,
Brett
Absolutely amazing. And so let’s just dive into the right big, beautiful bill it just passed, and maybe some of the top key takeaways for business owners, entrepreneurs, you know, investors, high net worth, capacity, leaders, what are you finding that really sticks out for you?
Michael
Yeah, so thank you for that question. Brett, this bill is really, really loaded with a lot of stuff. Now, full disclosure or disclaimer, I am still reading through what is called the Blue Book. Now most people don’t know that when a tax law is passed, there is what is called the Blue Book. The Blue Book is not the Kelly Blue Book that most people are used to, the blue book, is something that the tax attorneys and the CPAs that are employed by the Senate and the House joint tax committee they put together that book pretty much gives you all of the examples that tells you exactly how to really implement what is in the law. So I am not done with that process, but nevertheless, there are lots of good nuggets that I think every investor, every business owner, and to some extent, individuals, should pay attention to. So so far I have kind of broken down every of what I have found solves so far into four categories. I call them winners and losers, winners for the business owners and investors, losers for business owners and investors. And then on the individual side, with estates and tax planning, there are also a few winners and lose that. So I think let’s start with the good news, which is what the winners are. Now, I think the big, big thing many of us have been expecting this for a very long time, was the 100% bonus depreciation.
Brett
So if you like this little short clip of the interview I just did, click over here to watch the full interview, and please don’t forget to subscribe. Thanks so much, everybody.
You.
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About Michael
Michael Uadiale is a seasoned CPA and Master Tax Advisor with over 25 years of industry experience, including 18 years running SMEED CPA. As the founder of a 7-figure revenue firm with 15 employees, he has developed a proven system that helps entrepreneurs achieve financial freedom within 5-7 years through strategic tax planning and wealth building. His expertise has helped clients save over $15 million in taxes over the past 7 years, with an average tax savings of $31,426 per client annually. He is also a successful entrepreneur who has founded six other businesses, including investments in innovative telehealth software.
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