Zero To A Hundred – Episode 16: Mastering Tax-Free Wealth Strategies With Brandon Madden!

Hey Accelerators! 🚀 In this episode, we’re thrilled to get expert insights from Brandon Madden, the founder and CEO of Tax-Free CEO.

As a leading enrolled agent, keynote speaker, and author, Brandon specializes in helping business owners across the U.S. reduce their tax burdens and maximize profitability. If you’ve ever felt lost when it comes to tax strategies, today’s episode is packed with game-changing insights!

What’s on the Menu:

🏦 Proven tax strategies that every business owner needs to know.

💼 How to build a tax team that saves you money and keeps your business running efficiently.

📈 Wealth-building tactics through tax-free strategies for long-term success.

Why Tune In?

Brandon shares the inside scoop on navigating the complexities of tax planning, setting up the right tax structures, and avoiding common mistakes that cost business owners millions. If you’re serious about protecting your hard-earned profits, this episode is a must-listen!

💬 Gem from Brandon:

“Smart tax strategies aren’t just about saving today—they’re about building long-term wealth and growth.”

Get in Touch with Brandon:

📧 Visit TaxFreeCEO.com for personalized tax strategies and consultation.

Don’t miss out—hit that subscribe button and let’s take your business from zero to a hundred! 💥

—

Watch the episode here

Listen to the podcast here

Mastering Tax-Free Wealth Strategies With Brandon Madden!

Accelerators, on the show, we have an incredible guest, Brandon Madden, who is the founder and CEO of TaxFreeCEO. As a business owner, a keynote speaker, an author, and a leading enrolled agent, he works with business owners across the US, helping them reduce their tax bills. We’re going to cover some great topics, which are going to be super helpful for your business. Things such as developing the right tax strategy. Building the tax team that’s going to save you money and help your business operate efficiently, wealth-building strategies around taxes, and how to avoid the common mistakes that business owners make.

For those of you who do not know me, my name is Jarrod Guy Randolph. I am the founder of BoxFi. We are the nation’s leading payment consultant, and we work with businesses across the US, building business growth solutions. I’m super excited to share the network that I’ve built over my 25-year entrepreneurial career to bring you ways in which you can create more profitability and grow your business. Ladies and gentlemen, let’s accelerate together.

Brandon, thank you for joining us on the show.

Thanks so much, Jarrod. I’m glad to be here.

We’re going to talk about what you do for business owners around taxes. You are a true expert and taxes as we know can be incredibly confusing. Let’s talk first and foremost about why you created TaxFreeCEO.

Tax-Free CEO

TaxFreeCEO, I created it because I noticed a few things. As a trained accountant, this is my major. I went to school for it. I did my MBA in Finance. I’ve been in the financial world for a long time. I worked for the largest public accounting firms, finance firms, and things like that. When I opened my own firm, we originally called it InventU and it was an accounting tax and consulting. That was focused on the prep work of the taxes, the monthly accounting, the bookkeeping, the day-to-day operations, and things like that.

With TaxFreeCEO, we noticed there was a specific group of high-earning business owners and professionals who were gridlocked with their taxes. They needed a way to unlock higher deductions and be a little bit more creative. We created TaxFreeCEO as a knowledge hub so you can be educated and learn what you need to learn and apply it to your business but also, we’re strategically tax planning with you on a quarterly basis and yearly as well. The entire program TaxFreeCEO is geared towards high-earning business owners, service-based business owners, service-based professionals, and real estate investors.

Enrolled Agent

We’re going to come back to real estate. We’re going to talk and come back to what you do for our audience, business owners, and entrepreneurs, but let’s talk about your unique position in the marketplace as an enrolled agent. Walk the audience through what an enrolled agent is. This is within the last maybe 10 or 11 months. I’ve become familiar with what an enrolled agent is. Prior to that, I had no idea that it existed. Tell us what you do and what makes it unique from a CPA or a regular accountant.

An enrolled agent is the highest credential the IRS offers. Essentially, we are federally licensed. It goes through the Department of the Treasury. The IRS is underneath the treasury. We take three long exams all on different areas of tax. The first exam is based on individual taxation. The second is business taxation and the third section is representation. Another cool part about being an enrolled agent is we perform very similarly to a tax attorney where we study the tax law, we understand the code, and we are legally licensed to represent clients in all 50 states on tax representation for back taxes. We can consult with clients in all 50 states.

That’s interesting. On the contrary, I’m not saying one or the other is better. I’m just saying that the CPA exam doesn’t necessarily focus all on taxes. I was interested in tax and I said, “I’d rather take an exam that’s focused and geared toward tax professionals.” With the CPA exam, I’ve had my fair share of it. I did the 150 credit hours. I passed half of it, but I realized the exams were telling me more about financial reporting and auditing. One section was geared towards taxes. I figured I don’t need auditing if I want to work with business owners. The auditing part comes in when you’re doing public accounting for these billion-dollar corporations. That’s why I chose the enrolled agent’s license. That’s more about what we do.

As an enrolled agent, when you come into a business and you’re working with a business owner, what are your foundation or your principles that you’re following to help them figure out ways in which they can save on their taxes?

First, you have to put yourself in their shoes. I always do that. The best way to do that is even before the call, I have them pretty much fill out a questionnaire. You fill out the questionnaire and now we can get a preliminary sense of where you are even before having a call. We can start thinking of different strategies for you. On the call, we’re sympathizing with them and empathizing because most often if you’re coming to us you’ve paid way too much in taxes. You’re saying, “How do I keep more of my hard-earned money?”

That’s something that we understand innately. Everyone would like to keep more of their money. The first step is empathy and understanding the situation they’re in. The next step is understanding where they’re trying to go. We stand in that gap for them and bridge that gap of where they are right now, paying extremely high taxes, and not being able to save most of the money that they make.

We stand in the gap between where they want to be and what their future looks like if they were able to keep more of that hard-earned money and spend more time with their family. Now they don’t have to work even harder to make more money just to pay more of it in taxes. We stand in that gap for them. That’s what the conversation is like. It’s future-focused. It’s something that’s not rushed. Most of the time, especially when you’re just doing tax prep work between January to April, it’s a rush to get your tax return filed. That’s not the space that we occupied. It’s more of a conversation. It’s fun and it’s helpful. We do all that before December 31st.

That was a good general overview of what you do. Give me three go-to tax-saving strategies that no matter what business you’re in, you can implement.

Go-To Tax Saving Strategies

For most business owners, whether you’re service-based or product-based, that’s how the IRS differentiates between the two. I think S-Corps are great. There are a few requirements before you can elect S-Corp status. You’d have to meet specifically with your tax advisor. Looking at S-Corp is great because you can save on that self-employment tax. That 15.3% goes into now payroll tax, which is deductible. You save a lot of money there. You’re able to put yourself and your family on the payroll.

You can put your spouse on the payroll. Those are a lot of strategies right there by electing the S-corp that allows you a lot more flexibility. That’s one. Your vehicle deductions, everyone has a vehicle. Most times you drive it for business. If you’re not driving for business, you cannot sway that one. You cannot pull it over the IRS’s eyes. You want to make sure you’re tracking your business miles, effectively using a mile tracker so you can get any of them on Google. You can type on Google mile trackers. They’ll recommend one. I like Mile IQ.

You want to make sure you have that substantiation. Also, don’t forget your meals. Every business owner, whether they’re product or service, they have to meet with clients. They have to meet with their team. If you’re feeding your team, let’s say you have a warehouse or a factory or you’re in the office, that’s 100% deductible. If you’re meeting with a client or a prospective partner that you’re looking to discuss business with and do business with, that is 50% deductible. You have to pay for the entire bill and make sure you keep your receipts just in case you’re audited. Those are three general tax strategies that most business owners can use.

I want to make sure that we recap for the audience the basics. Some of the tax strategies that can save you money right out the gate in taxes are moving your company into or setting your company up as an S Corp, and making sure that you are maximizing your mileage deductions based on using your car for work. Also, any meals that are related to work, keeping the receipts, keeping track of that because those are great ways that you can save money. Let’s say we’ve got a company that’s set up as an LLC. How does that LLC move into the S Corp structure to capitalize on all the benefits of being an S Corp?

If the company is currently an LLC, it can be a single-member LLC, which is a disregarded entity in the eyes of the IRS. Let’s say they’re a single-member LLC, they would pretty much use Form 2553, and you would fill it out. If you’re married, you have to have your spouse sign it as well. They’re technically a shareholder. You want to make sure you sign it in wet ink. These are specifics to make sure that it goes through. You then want to either fax it over or mail it to the address on the form.

Some states have different laws. Most states only need the 2553 and they recognize the federal election. If you’re in New York, for example, New York doesn’t recognize the federal election. I went through this with a client. They thought they were in New York S Corp and the entire time, they weren’t. They had only been elected federally. New York has a separate S Corp election form that you have to fill out. You want to double-check that your state recognizes your federal election. If not, you could be in a little bit of trouble because you will owe back taxes for those years you were operating only as a federal S Corp.

Is there an average savings that you can expect to have when you transfer from that LLC into that S Corp on your taxes?

It’s the self-employment taxes around there. I think that 15.3% is generally, and I’ll say a percentage just because everyone has different profit numbers, lost percentage. That’s the first stage. Also, when you pay yourself now, if you think about it, as a single-member LLC that’s not an S Corp for instance, you pay yourself by pulling money out of the company, and that’s considered employee draw.

That’s not deductible. Now, all that money that you were paying yourself with an employee draw that wasn’t deductible with the S Corp, you put yourself on payroll and now you get that payroll deduction as well. That’s two immediate savings with the S Corp. You can also set up a few things like your health insurance and your retirement plans through it just like a regular company. Since you’re separating yourself, you’re becoming the employee, and your business is the employer now.

Bringing Family To The Payroll

I’ve heard a lot online because there are a lot of talking heads out there. Sometimes I fear the information isn’t necessarily clear or correct. How do you bring your spouse or your family member onto the payroll?

Essentially, they’re an employee. I typically like to do it and make it look like a normal company. You would send them out an offer letter. You can get their Social Security, and you pretty much onboard them very similarly to how you would onboard a normal employee. There’s no real bells or whistles, especially if it’s your spouse. For instance, also, if you’re paying your kids, you don’t have to be an S Corp if they’re below eighteen. Over eighteen, you would want to put them on payroll, but below eighteen, you can pretty much go ahead and pay them.

How do you pay your kids? How does that work?

Let’s say there are two parents and they both own the LLC, or even if it’s just one, you can pretty much go ahead and pull that money out of the company, and pay them. They have to have some type of job. You want to write up a job description. You want them to be doing something suitable for their age. I like to say you cannot just pay a two-year-old.

You’re putting them under child labor laws.

They’re not paying a two-year-old. I like to say the nice soft spot is between 7 and maybe 17. They can do things around the office. They can help you out administratively. They can help you with filming if that’s something they’re into as they get a little bit older. It depends on what your business is. If your business doesn’t allow for a child to be employed with your business, then it wouldn’t make sense. Let’s say if you were operating heavy machinery, a child wouldn’t be in that business but most home-based business owners can do this.

Is there a limit to what you can pay them?

There isn’t a limit, but strategically, you would want to pay them up to the standard deduction. That allows them to not owe any taxes because it’s pretty much going to come out of the standard deduction, and the standard deduction will offset that. The standard deduction changes every year, but up to that amount is strategically the best amount to pay them.

Walk me through the standard deductions because the tax code as we know is incredibly complex. Bring some clarity into, as a business owner, which is most of our audience, what are we looking at for our standard deductions?

Standard Deductions

In 2024, it’s going to increase by about 14,600. For 2024, it’s 14,600. In 2023, it was about 13,850. That number is going to increase every year. I was down in DC on Capitol Hill, advocating for the profession of unlicensed tax preparers. Just to be clear, I was down there regulating or advocating that unlicensed tax preparers be regulated. I think the standard deduction is going to go up.

It’s going to keep going up. It may also be cut in half. We have to wait and see what the next policy is and what happens with the election, but it may be cut in half. We used to see something called a personal exemption and a standard deduction. That all went away with the 2017 Tax Cuts and Jobs Act. It may be cut back in half, or it may continue with only being a standard deduction. We’ll see what happens. We don’t know.

Bookkeeping

Talk to me about the importance of and some of the things you want to see in terms of bookkeeping because that can be a challenge for a lot of businesses. How do you keep clean books and records?

You want to make sure you have a professional doing it. You don’t even need a professional to do it at this point. You can get on QuickBooks yourself. If you’re self-employed, you can get on QuickBooks. Take a picture of your receipt, and upload it. QuickBooks, Xero, Freshbooks. There are a ton of online resources where you can link your bank account to it and it tracks all your transactions. The hard part is making sure that your financial statements are correct.

If you have a single-member LLC, that’s great but it gets complicated once you elect S Corp status. Your balance sheets have to be correct, and your basis has to be correct. These are things that QuickBooks or any other online software for bookkeeping may not automatically calculate, and you may need some help in that area as well. Bookkeeping is important. I’ve had nightmares.

I’ve had clients who the night before the extension deadline, October 15, were sending me screenshots of their bank statements. There’s no bookkeeping. I was like, “I cannot file this tonight before the deadline, but I’ll work on it for you.” The worst thing is to have no bookkeeping system and just have bank statements. At least you have the statements, but it’s bad when you don’t have a system of putting it in Excel at the very least.

There’s an Excel that I can provide your audience that pretty much has a profit and loss. It has a sample balance sheet. It has typical expenses that you would see in most businesses, then it has room for their personal expenses as well. The worst thing they could do is not have any bookkeeping system. The second worst thing they can do is just have bank statements and then manage QuickBooks or any online platform by themselves.

It’s important for you to have your books in order. You might need to have a professional bookkeeper doing so. What does your tax team need to look like? Who are the key people who need to be managing your books and managing your taxes for the greatest efficiency?

From LLC To S Corp

Make sure they’re licensed, number one. CPAs are great at accounting and bookkeeping. They’re great for that as well. Your enrolled agent or tax strategist can be an enrolled agent. They can be a CPA. As long as they’re sitting with you and planning ahead, that’s someone you need. Whether they’re a CPA or an enrolled agent, make sure they’re licensed. We have that accountant CPA.

Not only would they advise you on doing the bookkeeping for you, but they can advise you on cutting expenses, normally, your operations in the business, like a virtual CFO or a fractional CFO. That’s who you should look for. It’s a fractional CFO, someone to not only count your money but advise you on the operations and the use of that money as well. A tax strategist, whether it’s an enrolled agent, CPA, or someone to help you look forward and reduce that tax bill.

Also, you want to have someone in-house, maybe a treasurer, someone that’s out there getting grants, loans for you, making sure the company is properly capitalized so you can have the operations, you can build a team out because, without proper capitalization, there is no team. You’re your team. Now you’re cannibalizing your entire operations and your business. It’s very hard doing a business as a business of one.

Would you recommend within that group also having a bookkeeper? Would one of these other titles act as your bookkeeper as well?

A bookkeeper is excellent. I don’t suggest having them be your bookkeeper as well. I like to bring in professionals for that specific purpose. I don’t like to give jobs and say, “Do this but also do this.” Things can get very confusing once you do that and you’re not extracting maximum value from each person to focus on that one specific thing. I would say getting a bookkeeper and then also having an accountant who advises on the operations of those numbers.

If we’re talking about putting together that stellar tax team, you’re looking at having your CPA accountant who’s doing the preparation, your tax strategist, or your enrolled agents who are helping you with the savings. Having a fractional CFO who has insight on the business and how you’re running the business, having a great bookkeeper who is keeping track of everything.

I love the idea of having that treasurer or somebody who’s helping you figure out the finances of the business, get grants, get loans, and help your business grow and accelerate. That’s one of the unique things that I’ve heard of from anyone is having someone on your team who’s focused on the lending or the debt side or the finance side in terms of capital raising for your business. That’s a great insight.

Thank you.

Talk to me about when you have someone that you’re working with, how do you keep them abreast of all the complicated tax strategies and changes that are happening? How are you educating them to make sure that you guys are working together as a team?

Continued Education

That’s very important because of the tax landscape. It’s changing every day, every minute, every month. If something happens, the tax code changes. The only constant thing is death and taxes. As I mentioned before, I was down on Capitol Hill, advocating for the profession, meeting with other tax professionals, speaking with the IRS commissioner, and speaking with past commissioners. The first thing is you have to be informed before you can inform anyone else.

I learned a lot at that meeting. Hopefully, I’ll get back down to Capitol Hill sometime next year. I get to learn a little bit more and pick their brains. That’s the first thing, being informed. You can use newsletters. You can use meetings where you can say, “Let’s have a catch-up meeting. This is what’s coming out now. It pertains to your industry. I think you should know about it. Here’s how it’ll impact you and your business moving forward.”

There are also different associations. I’m a member of the National Association of Enrolled Agents, and they have tons of forums, tons of groups, and meetings where we discuss upcoming tax changes. There’s a magazine that comes out every month, so that keeps us abreast of new changes. There are new tax IRS bulletins that come out as well. Watching the news helps. It’s not 1 or 2 things. It’s an entire lifestyle of being engulfed in the information and then not being afraid to share that information with no gatekeepers.

Biggest Tax Mistakes

Staying on top of everything that’s happening in the industry is important. It’s important because it’s going to help you avoid the mistakes that can happen. What are some of the biggest mistakes that people make on their taxes? They’re assuming that if it was like this in the past, it’s going to continue to be like this. What are ways that you help them avoid mistakes? What are some of the key mistakes they need to look out for?

The key mistake on a return is when they let someone down the street do it. I’ve dealt with this personally. Folks that I know personally have been taken advantage of. Let’s say they necessarily weren’t a business owner, they were just everyday working people. They’re getting their refund stolen. That’s happened before. Also, ID theft is something to look out for. Your social, your business, and your EIN. That can happen as well. The first thing is you want to make sure you’re working with a reputable professional who has a code of conduct to follow.

As enrolled agents, we’re bound by Circular 230, which is a code of conduct for how we should conduct our business, and the laws that we can operate by. A few mistakes business owners I’ve seen before, as I said, is they’re letting anyone do their taxes or they’re switching between tax professionals too much. I also have heard that some business owners forged their own numbers and they’re rounding out their numbers on their tax return.

This isn’t as funny as it sounds, but they’ll say, “Marketing was $10,000 in real life, but I’m going to make it $15,000. The IRS knows that when you leave a number that ends in 0 or 5, that most likely it’s not as round as you just made it on a tax return. That’s the number one mistake. Stop rounding out your numbers on a tax return. Stop rounding up because that’s very easy to catch. I used to work in forensic accounting. That is very easy to catch. We don’t want to see any numbers rounded up.

Books and records are important as well. You need to maintain your books and records. Technically, if you don’t have any accounting records, those tax deductions won’t hold up if you’re audited or if you go to tax court. You need to make sure you keep proper proof and records. Let’s go back to accounting and bookkeeping. That’s why that’s so important. Everyone wants a great large tax deduction, but they have no proof. Those are a few of the mistakes and problems that I see business owners are going through with their tax returns.

That’s very interesting. A common mistake that business owners are making is not working with a professional. Guys, stop rounding. Those 0 and 5 are not good. The IRS knows that is rounding and it can harm you. Keep good records. It’s that simple. I love that. Talk to me about a client that you’ve walked into and it’s been an absolute mess. Their tax returns from the past weren’t prepared properly. They weren’t working with a professional. How did you help them right the ship? Give me a client story where it was a nightmare that you were able to remedy.

With a nightmare client like that one, there was maybe mistrust. In my case, a client came to me, he was a friend first, a business owner and he had been working with a CPA that wasn’t in New York at all. I think the guy was in Milwaukee and my client’s business is in New York so it didn’t make much sense. I think that he was in S Corp. He didn’t elect New York S Corp status. That was a mistake so he was all over the place. He had a huge tax bill and part of the reason was he wasn’t taking payroll.

That was a huge deduction that he didn’t take. No one advised him on that. He had a huge tax bill. We had to represent him and pretty much reduce those taxes, make deals with the IRS, and negotiate on his behalf. That’s how we started cleaning him up. His bookkeeping is done in Excel. The balance sheet and the basis for the company as an S Corp were non-existent. He’s well over $250,000. If you’ve seen the S Corp return, once you’re over $250,000, you have to disclose your assets. You have to report your basis.

You have to prepare the balance sheet. All of this was out of whack. We were able to right the ship, get him back into good standing with the IRS, and get his books and records up to date. He’s a happy camper now. He’s paying himself properly. He has benefits for his family. We’ve referred him to our partners. We have partners at payroll companies like ADP. We have state attorneys and tax attorneys that we work with as well.

It’s a team effort, as well as financial planners. Also, anyone who decides to work with me needs to have a team. It’s not just, “Work with me, I’m going to save you all this money on taxes.” It’s not about that. It’s about being able to holistically build your business so you can truly live the life and have the business that you always wanted. This advisory game is an entire holistic approach and we take that very seriously.

There’s something important for us to talk about as we’re getting towards the end. Let’s talk about some tax-free wealth-building strategies because I know that’s something that you work on intensely when you’re working with business owners. Talk to me about what that means and the type of strategies business owners should be looking at.

Especially, if they’re a business owner, they need that retirement. Rather than raise and you put the money in, and it gets taxed. You put it in and it builds tax-free. That’s a good place to start. If you have one of those for your business, that’s an excellent place to start. Another one of my clients, for instance, let’s think about this. This is just an example. You would want to work specifically with your tax professional but those same clients that are employing their children, mom and dad, employing their children.

The mom and dad own the LLC. They’re employing their children, they’re paying their children up to the standard deduction. Now the kids have that money. No taxes are owed on it because it’s up to the standard deduction. What do the kids do with that money? You can put it into a Roth IRA. Plain and simple. It can be a self-directed IRA. You can use it to invest in real estate. I think that’s the tax-free wealth part that’s being generated. At that point, you have the most flexibility.

Right now you said it was $14,600, correct?

I believe so for 2024. I may be off by a couple of dollars there.

Other than the Roth IRA, is there anything else that you think these business owners should look at in terms of real estate or other investment vehicles that can either be tax-free or help reduce taxes?

How could we forget real estate? That’s one of our main strategies that we leverage as well. I have an extensive background in private equity real estate from the accounting and tax side. I love talking about that as well. Specifically, with real estate, depreciation is the best tax deduction you can ever get. Buying more real estate, not only buying real estate but making sure that you buy real estate that allows you to, especially if you’re earning well past $150,000.

Let’s say you’re a service provider. You’re a professional, and you’re not necessarily a business owner. How do you unlock those passive activity loss limitations? After $150,000, you can only take up to $25,000 of it. A great way to re-characterize that income and not make it a passive activity is short-term rental real estate. Now the income is re-characterized from a passive activity and now it’s active activity to operating a business.

There’s cost segregation. There’s bonus depreciation. You can recognize a lot of more tax losses in that first year. That’s a strategy. If you buy enough property, you can take that depreciation back. The money that you save from depreciation, you can always invest that as well. That’s a good general strategy to use. It gets a lot deeper if we keep going down the rabbit hole. I’ll stop there.

Rapid Fire

One of the key tax-building strategies that I’m hearing about is Roth IRA investment because those are tax-free up to whatever your limitation is. Also real estate. It’s because of the depreciation aspect of real estate. Here’s what I would love to do as we wrap up. I’m going to take you through our rapid-fire questions, which we do with all of the amazing guests that we have on. Coffee or tea?

Tea.

What is your favorite quote or phrase in business?

The quote that goes, “Most businesses fail so form about 7 or 8.” I think that’s how I go.

Do you have a favorite book in business?

Other than my own TaxFreeCEO, I think Rich Dad, Poor Dad helped kick off that mindset. I think everyone says that, but the mindset is what that book implemented.

What is one of the main things that you disagree with in your industry today?

I think the general advice, I’m never one that likes to give too much general advice in terms of tax advice or the shocker saying, “Did you know you can do this?” It’s not necessarily the full context of the advice. It could be misleading. I hate seeing it on social media, but that’s one thing I disagree with.

Give us three money-saving strategies that you can implement in 2025 as a business owner.

Make sure you have some retirement accounts for your business. If not, you’re missing out. Some retirement. Make sure you have your HSA and your health insurance. Also, make sure that you’re keeping track of all your expenses. You can maximize those deductions as well and turn them into investments later down the line.

That is very good advice. What is one of the number one things that you see that kills businesses today?

Being a business owner of one or a business of one, being afraid to hire out, and not leveraging talents in the proper way. As an accountant, I’m not a marketer.

Let’s say you’re a business doing $10 million a year in revenue. Jarrod walks through the front door and I hand you a $300,000 check. How would you advise them to reinvest that in their business to double their revenue over the next year?

I would hire employees strictly, whether it’s salespeople, depending on their business, salespeople, someone to train the salespeople, and then also someone to fulfill the product.

Last question. What is the biggest obstacle that you had to overcome to get to the level of success that you are at in your business today?

Impostor Syndrome.

Brandon Madden, you are amazing. This was so helpful and insightful. Now we know what an enrolled agent is. We know how to save on taxes. Tell everybody where they can reach you.

You can reach me on Instagram @BusinessByBrandon. You can find me on LinkedIn, Brandon Madden, MBA, EA, and you can go to TaxFreeCEO.com to check out our team.

Brandon, thank you for joining us on the show.

Thanks so much, Jarrod. I appreciate it.

Important Links

• Brandon Madden – LinkedIn
• TaxFreeCEO
• Rich Dad, Poor Dad
• Instagram – Brandon Madden

About Brandon Madden

Brandon A Madden, MBA, EA, is a tax strategist, keynote speaker, and the dynamic author of TaxFreeCEO: Reduce Your Tax Bill by 50-80% by Building a Life and Business Around the US Tax Code. A seasoned entrepreneur, Madden has built multiple businesses on the pillars of sound accounting practices, strategic tax planning, and unwavering faith. His book is a blueprint for business owners seeking to optimize their financial success while staying grounded in core values, and it reflects his unique blend of professional expertise and personal belief in the power of faith.

Born and raised in Jamaica, Queens, New York, Madden’s journey in education took him to Connecticut, where he honed his academic and business acumen. He earned a Bachelor’s degree in Accounting from the University of Connecticut and later pursued an MBA in Finance at St. John’s University.

Before launching his own ventures, Madden gained invaluable corporate experience at prestigious firms such as KPMG and JP Morgan, where he developed a deep understanding of complex financial systems and corporate tax strategies. As an Enrolled Agent (EA), federally licensed by the IRS, Madden specializes in tax strategy for service-based businesses through his company, TaxFreeCEO, which helps entrepreneurs maximize their growth through personalized membership-based tax planning and accounting.

Currently, Madden serves as a professor of accounting, sharing his wealth of experience with future business leaders. As a real estate investor himself, he discovered the powerful tax benefits of the industry early in his career. By integrating his corporate background, entrepreneurial success, and faith-driven approach, Brandon A Madden, MBA, EA continues to inspire others to achieve both business growth and personal fulfillment.