Today we’d like to introduce you to Paul Walter.
Hi Paul, so excited to have you on the platform. So before we get into questions about your work-life, maybe you can bring our readers up to speed on your story and how you got to where you are today?
For ten years now, I’ve been helping closely held businesses and the owners navigate the income tax landscape. But the way I landed in tax specifically was all an accident. After showing up to an internship interview that I found out would be tax-related, I never looked back. The truth is, periodic filing obligations ensure a captive audience, but my focus over the years as been helping on the planning and strategy fronts. Through working at various firms, I saw the good, bad and ugly ways that clients were being serviced combined with how employees are typically treated. I thought, I simply have to launch my own practice. January 1st, 2026 I did just that!
Alright, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
It’s been a very smooth road. It’s all about having a fail-proof plan to support your family. I ensured that we would NOT be doing any of the following when I left W-2 work behind:
1) Eating into savings
2) Going into debt
3) Cashing out retirement accounts
4) Reducing our standard of living
5) Having to rely on getting business immediately
All this while not taking any clients with me to start. There is a secret to this! That secret is securing contract work before leaving the W-2 position – contract work that can keep the family afloat while the business builds!
Alright, so let’s switch gears a bit and talk business. What should we know?
January 1st, 2026 I launched The Donor’s CPA, the focus of which is to help generous business owners accomplish the following:
1) Avoid unexpected tax bills
2) Have the confidence that they are saving as much as possible on taxes
Risk taking is a topic that people have widely differing views on – we’d love to hear your thoughts.
I have taken many risks. Every W-2 job someone jumps into (and I’ve had a few!) is a major risk. All of your income is coming from a singular source that you could lose at any moment. Someone else has control over whether that income continues. Working a traditional job is extremely risky. Going into the right kind of business the right way is a powerful way to increase the diversification of income sources.
Pricing:
- All billing occurs on a monthly fixed-fee basis
Contact Info:
- Website: https://thedonorscpa.com
- Facebook: https://www.facebook.com/p/Paul-Walter-61586929121421/
- LinkedIn: https://www.linkedin.com/in/paul-walter-cpa-83b333134/
- Twitter: https://x.com/TheDonorsCPA
- Yelp: https://www.yelp.com/biz/the-donors-cpa-lexington-2
