How This Tax Professional Helped a Struggling Business Eliminate Their Tax Bill

Toni Galang

Team Member

Ibrahim Mohammed’s journey into the tax industry is a testament to resilience, determination, and the power of inspiration. From juggling a full-time job while building his business, IAM Accounting LLC, to helping clients save thousands through strategic tax planning, Ibrahim has made a remarkable impact in a short period of time. Guided by core values of integrity and respect, he empowers business owners to save time, money, and achieve their goals. With a passion for proactive planning and a knack for simplifying complex financial challenges, Ibrahim is dedicated to helping others thrive.

Ibrahim Mohammed, MBA, IAM Accounting LLC

Title: CEO

Location: Akron, OH

Year established: 2022

Connect with Ibrahim

Instagram: @iamaccounting

Ibrahim Mohammed helps entrepreneurs save 5-7 figures in taxes by optimizing their bookkeeping, tax preparation and tax planning, and advance tax strategies.

Journey to Entrepreneurship, Overcoming Challenges, and Empowering Clients with Financial Growth

Q: What key moments or decisions led you to start your business or pursue a career in this field?

Ibrahim: My uncle is an accountant, but most of my family comes from a background in nursing and the medical field. Despite that, my mom has always stood out with her entrepreneurial spirit and relentless hustle. She didn’t just work hard; she found ways to create opportunities and build something of her own. Watching her navigate challenges and succeed on her terms inspired me to take the leap into entrepreneurship. Even while working full-time in the corporate world, I’ve carried that same drive to create, build, and grow something meaningful for myself. Her example continues to push me to chase my goals with passion and purpose.

Q: Describe any early challenges and how you overcame them.

Ibrahim: Managing my time while working a demanding full-time job was incredibly challenging. I had to make the most of every moment, often leveraging my lunch breaks and working late into the night—a routine that, to some extent, still continues. Staying organized was a constant struggle, but over time, I learned the importance of building systems and assembling the right team. With those pieces in place, everything has taken a complete 180, allowing me to work more efficiently and focus on growing my business without sacrificing balance.

Q: What primary services does your business provide, and who is your typical client?

Ibrahim: Bookkeeping/Tax Planning. Ideal client is 50k in net business profit. [My clients are also] small to medium-sized business and also professional athletes

Core Mission to Empower Business Owners

Q: What are the core values or mission that drive your business?

Ibrahim: Our mission is to empower business owners to thrive by saving them valuable time and money, enabling them to achieve their dreams and aspirations of faster business growth, but we live off of that integrity and respect.

Q: How do you stay connected with and build trust among your clients?

Ibrahim: We communicate with our clients year round via email text, recognizing holidays birthdays, and important updates with taxes and accounting that they should be aware of.

Q: Are there any misconceptions about tax preparation that you frequently encounter?

Ibrahim: One common misconception is that tax preparation is only needed during tax season, but proactive planning year-round can lead to significant savings. Another is that using tax software is equivalent to hiring a professional, but a tax expert can uncover personalized strategies and deductions that software often overlooks.

From $0 to $107K: Transforming Lives and Businesses Through Tax Strategy and Dedication

Q: Could you share a client success story or impactful project?

Ibrahim: One of my clients, an e-commerce business owner, was struggling with a $9,500 tax bill that was putting immense pressure on their finances. After reviewing their financial setup, I discovered opportunities to optimize their tax strategy and restructured their business to be taxed as an S-Corporation. The result? We eliminated their tax bill entirely, and they even received a $2,500 refund—a total swing of $12,000! This transformation not only saved them money but also allowed them to reinvest in their growing business.

Q: What accomplishment are you most proud of?

Ibrahim: 0-107k in 8 months while working a full time job is my biggest accomplishment thus far i would say but that’s gonna be the smallest soon.

Success Loves Speed

Q: Any advice for someone just starting in the tax industry?

Ibrahim: Success loves speed.

Q: Are there any resources (book, podcasts, or article) that you find valuable?

Ibrahim:

Books:

• Profit First
• Richest Man in Babylon
• Dotcom Secrets
• Exactly What to Say
• Slight Edge

Big Goals for 2025

Q: What are your goals for the next year?

Ibrahim: 300K Year 2025