Jerry Yu is an influencer, thought leader, and partner of Moss Adams that can help you learn how to save your hard-earned money. With a background in law and taxation, Jerry Yu is one of the most knowledgeable and helpful people to talk to when it comes to financial planning and taxation.
In an interview with The DotCom Magazine Show, lawyer Jerry Yu provides valuable information and advice for financial planning and accounting. By using Jerry Yu’s years of experience and advice, you can make the most of your hard-earned cash for financial freedom tomorrow.
Who Is Jerry Yu
In his own words, Jerry Yu is a planner, consultant, and tax accountant. Because of his years of education in law and taxation, he is best at advising clients about strategies to keep more of their money, especially during IPOs, M&A transactions, and tenders and secondaries.
In fact, Jerry Yu has been providing his valuable services for decades. In 1999, he joined the Moss Adams team to provide tax and strategic planning advice for clients spanning many sectors.
Many of his clients include privately-owned companies and their owners. His clients span many industries, including tech, real estate, and software.
Education
Jerry Yu Lawyer earned years of educational experience before officially starting his career. He has a BA in Political Science from the University of California Berkeley, JD from the University of Washington, LLM in Asian and Comparative Law from the University of Washington, and LLM in Taxation from the University of Washington.
His many degrees allow him various vantage points when consulting with his clients. Unlike many consultants that only have experience in one or two fields, Yu’s experience spans many so that he can provide the most educated and comprehensive advice possible.
Experience
Education is only one side of the coin. Jerry Yu has proven himself not only to be a scholar but a visionary that knows how to turn his education into practical and implementable advice for his clients.
As a result, Yu has decades of industry experience in cross-industry and private clients. His practice focuses on business tax services, individual income tax, and tax structuring.
Just by glancing at Jerry Yu’s LinkedIn page, you can find recommendation after recommendation from previous clients and professionals that he has worked with.
Jerry Yu’s Advice for Financial Planning and Accounting
From his years as a student and professional advisor, Yu’s advice boils down to three points: you work hard for your money so do what you can to keep it; pick the right accountant to work with you, and act sooner rather than later.
You Work Hard For Your Money – Do What You Can to Keep It!
When asked about why he has chosen this line of work, Yu explains that he wants to help individuals use and save the money they have worked hard to earn. Hence, he advises professionals to strategically plan their finances and taxing structures so they can save as much money as possible while still falling within the bounds of the law.
That is easier said than done, though, especially since early planning is a must if you want to save a considerable amount of money. Yu explains that strategically planning before a liquidation event can save you as much as 30% in taxes.
Pick the Right Accountant
More importantly, Jerry Yu emphasizes the importance of picking the right accountant. Of course, he notes that you should pick a well-educated and experienced accountant who knows what they’re doing.
At the same time, Yu explains that experience is not the only factor you should consider. When it comes to long-lasting relationships with your accountant, personality and trustworthiness matter too.
Yu argues that one of the only ways to create a long-term professional relationship with your accountant is to select someone who is reliable, trustworthy, and has a positive, friendly bedside manner.
Only when an accountant or financial advisor has these qualities can you actually trust them to create a long-term relationship.
Act Sooner Rather than Later
Jerry Yu is emphatic to help his clients act as early as possible when it comes to savings. With the right accountant, you can save up to 30% on your taxes, but early planning is essential. If you truly want to save your money, it’s important to act sooner rather than later.
About Moss Adams
Moss Adams provides accounting, consulting, and wealth management services. As a partner at Moss Adams, it’s no shock that most of Jerry Yu’s philosophy can be found all throughout the company.
Unlike other similar companies, Moss Adams places the client at the center of all of their work. Especially in such a difficult time as now, Moss Adams provides services specifically to today’s landscape, including tax planning resources, COVID-19 navigation, and inclusion and diversity tactics.
Final Thoughts
Jerry Yu’s years of experience cause him to be one of the most knowledgeable and experienced wealth management advisors in the industry. By following his advice, you can save the money you’ve worked hard to earn.
If you were to only take one thing away from Jerry Yu’s advice, it would be to take the time to select a personable and trustworthy accountant and adviser. By doing this, you can create a long-term relationship with a financial professional who can save a lot of money now and in the future.