Today we’d like to introduce you to Alex Domashenko.
Hi Alex, so excited to have you with us today. What can you tell us about your story?
I moved to Miami in late 2022 at the age of 40, having left all my belongings, property, and history behind. After decades of building a corporate career, I realized it was time to start my own business and build my own legacy and equity from scratch. Different factors influenced that decision, but perhaps the biggest impact came from the Master of Business Administration (MBA) degree I earned at the University of Chicago in 2020. It gave me a new level of confidence in my entrepreneurial abilities.
While I held various positions in the financial industry prior to this move, my true, lifelong passion has always been the stock market and investments. My belief in them is rooted in the conviction that they offer the most reasonable path to freedom. So, I decided to take a chance and move forward with establishing my own enterprise, which I hope will one day become a well-known one-stop solution for the diverse financial needs of aspiring entrepreneurs pursuing their dreams in the United States.
Currently, I run a group of companies that provide investment advisory, business consulting, tax preparation, and bookkeeping services. My next goal is to expand into real estate and insurance brokerage.
One of the biggest challenges for anyone with a corporate background is the fear of taking the first step toward entrepreneurship. There are pros and cons on both sides, and the decision is difficult and deeply personal—there is no one-size-fits-all answer. But, as the saying goes, viam supervadet vadens—the road is made by walking.
I’m sure it wasn’t obstacle-free, but would you say the journey has been fairly smooth so far?
I know no entrepreneurs who have faced no challenges along the bumpy road of building and running their businesses. I personally struggled with many things—starting from defining my niche to setting up the operational side of the business, obtaining licenses, and finding the right partners. Every aspect requires time, focus, and dedication. An entrepreneur simply cannot concentrate on one issue alone; they must address a complex set of questions at the same time.
Perhaps the most important thing is to always keep the big picture in mind, as the journey often feels like a never-ending flow of tasks of varying priority and magnitude. Some challenges require professional expertise, while others are best solved by relying on intuition, no matter how experienced you are.
We’ve been impressed with IIC Accounting & Taxes LLC, but for folks who might not be as familiar, what can you share with them about what you do and what sets you apart from others?
IIC stands for International Investments and Consulting. The group provides investment advisory, bookkeeping, and tax preparation services, along with business consulting. Our main idea is to offer a one-stop solution that addresses different aspects of a client’s financial needs, allowing startup founders to focus on business development while outsourcing investment, accounting, and tax matters to us.
As an entrepreneur myself, I know how difficult it can be to manage everything at once. Unlike many others in the industry, we strive to understand the holistic picture of our clients’ needs and partner with them by offering not just one-time services, but continuous support throughout the year.
Imagine a business owner who is developing their company and needs advice on how to structure the business, how to keep their books in order, and how to file taxes at year-end. Typically, such a client would need to work with consultants, accounting firms, and tax preparers—often separate entities—requiring communication with multiple people. This usually turns into an endless cycle of appointments and conversations, draining the energy and enthusiasm the entrepreneur had at the beginning. On top of that, the client may need guidance on how acquiring stocks or bonds could affect their tax situation, adding yet another layer of complexity and reducing the time available for business growth.
We believe that having a partner who can handle all these issues—and, most importantly, stay connected throughout the year—is an invaluable solution for entrepreneurs in such situations.
What quality or characteristic do you feel is most important to your success?
In the fields of investments, accounting, and taxation, the most important qualities are trust and the consistent availability of your advisor—whether that advisor is an investment professional, a bookkeeper, or a tax preparer. Clients need to feel confident that their partner is reliable, transparent, and present: someone who is ready to offer guidance, answer questions, and provide support whenever challenges arise. Without trust and accessibility, even the most skilled professional cannot effectively help clients navigate financial complexity or make informed decisions about their future.
Pricing:
- For startups, our basic plan begins at just $299 per month, providing essential support to help your business grow.
- or growing businesses with more advanced needs, our services start at $599 per month.
Contact Info:
- Website: https://www.iic-accounting.com
