The Most Interesting Man in Tax: The Heart and Mind Behind ETS
Discover how Julio Gonzalez turned his mission for tax equality into the nation’s leading tax consulting firm, Engineered Tax Services. In this conversation with Heidi Henderson, he shares the evolution of tax strategies, the power of cost segregation, and why proactive planning is essential for small business success.
Summary
Summary
In this conversation, Heidi Henderson interviews Julio Gonzalez, the founder and CEO of Engineered Tax Services (ETS), discussing the inception of ETS, the evolution of tax strategies, and the importance of cost segregation. Julio shares insights on the challenges of educating small businesses about tax benefits, his involvement in tax reform, and the role of technology in enhancing tax services. The discussion also highlights the mission-driven approach of ETS, the impact on clients, and advice for entrepreneurs navigating the tax landscape.
Discover how Julio Gonzalez turned his mission for tax equality into the nation’s leading tax consulting firm, Engineered Tax Services. In this conversation with Heidi Henderson, he shares the evolution of tax strategies, the power of cost segregation, and why proactive planning is essential for small business success.
Takeaways
- Julio Gonzalez founded Engineered Tax Services to bring tax equality to small businesses.
- Cost segregation was a pioneering effort to help small businesses access tax benefits.
- The tax code is complex, and education is crucial for small business owners.
- Technology plays a significant role in scaling tax services but cannot replace personal touch.
- Tax reform is essential for creating opportunities for small businesses.
- Julio emphasizes the importance of being proactive in tax planning.
- The IRS can be unforgiving, making attention to detail vital in tax studies.
- Julio's mission is to help clients preserve wealth and create jobs.
- The landscape of tax incentives is constantly evolving, requiring ongoing education.
- Julio believes that knowledge is power, especially in navigating the tax system.
Chapters
00:00 The Genesis of Engineered Tax Services
04:52 Pioneering Cost Segregation
07:52 The Evolution of the Industry
11:00 Expanding Services Beyond Cost Segregation
13:48 Involvement in Tax Reform
16:38 Opportunities and Threats in Tax Incentives
19:55 The Role of Technology in Tax Services
22:52 Advice for Entrepreneurs and Taxpayers