Podcast appearances and mentions of craig cody

Sara Snyder is a Certified Public Accountant with a background in accounting since 2017.  Currently, she serves as an Account Manager and Outsourced CFO at Craig Cody and Company, Inc., specializing in advanced tax reduction with the designation of Certified Tax Coach. In this episode of the Progressive Agency Podcast, I sat down with Sara Snyder, our lead CFO, to discuss how technology has revolutionized our accounting services for agencies. We explored the use of tools like Bill.com for streamlining accounts payable and receivable processes. Sara explained the benefits of outsourcing financial tasks to professionals, including cost-effectiveness, consistency, and freeing up internal resources for higher-value work. We also touched on additional services that accounting firms can offer agencies beyond basic bookkeeping, such as cash flow projections, budgeting, and helping maintain profitability through industry benchmarking. What you will learn in this episode: How Bill.com helps keep invoices streamlined and organized Streamlining approval processes for invoices for companies with remote workers Scheduling invoice payouts ahead of time Managing accounts receivable The benefits of outsourcing financial services Other services provided by finance professionals The importance of accrual-based accounting for agencies How proper financial reporting supports tax planning Resources: Website: http://www.craigcodyandcompany.com/ LinkedIn Personal: https://www.linkedin.com/in/sara-snyder-cpa-ctc-321596191/ LinkedIn Business: https://www.linkedin.com/company/craig-cody-and-company/

In this episode of The Progressive Agency Podcast, we revisit the Corporate Transparency Act and its implications for business owners. We explore the critical details of the Beneficial Ownership Information (BOI) reporting requirements, which affect small- to mid-sized business entities in the United States. Business owners need to be vigilant about ongoing compliance with the new BOI reporting requirements. Due to the potential for daily penalties, it's crucial for businesses to have a system in place to track and report updates to their beneficial ownership information promptly and accurately. To help business owners get ahead of these changes, we outline who qualifies as a beneficial owner, the four ways an individual can be considered to exercise substantial control, and the specific information that must be reported to FinCEN. We also address the ongoing compliance requirements to report any changes in BOI information in a timely manner and exemptions for certain larger businesses. What you will learn in this episode: When reporting must be completed by What is beneficial ownership information (BOI)? Four ways an individual can be considered a beneficial owner How to report beneficial owner information Penalties incurred for missing reporting deadlines Being aware of potential scams Who's exempt from reporting? Rules for rental properties, LLCs, and other side hustles Resources: Website: http://www.craigcodyandcompany.com/ Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa BOI Report FinCEN

In this episode, Jake Stenziano and Gino Barbaro dive deep with Craig Cody, a man of many hats—CPA, tax coach, best-selling author, and a 17-year NYPD veteran! From chasing perps to crunching numbers, Craig has a unique story and a wealth of knowledge to share about saving money and planning for the future.Key Highlights:IntroductionMeet your hosts, Jake Stunstein and Gino Barbaro.Introducing today's guest, Craig Cody.Craig Cody's BackgroundThe fascinating transition from NYPD officer to CPA.Balancing law enforcement and accounting.Why Taxes?Craig explains his passion for helping people save money.The excitement of tax planning versus the thrill of the chase.Secrets of a Tax-Free LifeInsights from Craig's book.Common tax mistakes and how to avoid them.Real Estate and TaxesUnderstanding passive vs. active income in real estate.The benefits of cost segregation and estate planning.Monthly Tax Planning MeetingsThe importance of regular financial reviews.How proactive planning can save you stress and money.Estate Planning ApocalypseUpcoming changes in estate tax exemptions.Why you need an estate plan, no matter your net worth.Understanding FinCEN BOIWhat it is and why it matters.The impact on small business owners and the associated penalties.

Sara Snyder is a Certified Public Accountant with a background in accounting since 2017. Currently, she serves as an Account Manager and Outsourced CFO at Craig Cody and Company, Inc., specializing in advanced tax reduction with the designation of Certified Tax Coach. In this episode, we discussed an issue that impacts the accuracy of your financial statements — recognizing revenue in the correct period using accrual-basis accounting. Many agency owners think they're using accrual-basis accounting, but in reality, they're often doing it incorrectly. To teach us the correct way to use this accounting method, I invited Sara Snyder to give us some tips and tricks. She explains why it's sometimes better to record revenue as deferred or unearned rather than recording it right away. We go over a few different scenarios where this approach makes more sense than traditional revenue reporting. While it requires some upfront effort, proper accrual-based revenue recognition provides a much clearer view of actual monthly profitability. This enables better forecasting and staffing assessments and ultimately increases the perceived value if you decide to sell your agency down the road. Don't continue distorting your metrics. Take the steps now to implement proper accrual accounting and revenue recognition. Your financial statements, and your business, will be much better off. What you will learn in this episode: What circumstances can throw off accrual-based accounting What's a magic spreadsheet? Making sure your revenue is matching expenses How to properly set up payments so they don't mess with your revenue numbers The benefits of doing accrual-basis accounting the right way How long does it take to fix your numbers if they're off base? Resources: Website: http://www.craigcodyandcompany.com/ LinkedIn Personal: https://www.linkedin.com/in/sara-snyder-cpa-ctc-321596191/ LinkedIn Business: https://www.linkedin.com/company/craig-cody-and-company/

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. This week, we're revisiting a research study conducted about a year ago where participants asked some intriguing questions. We'll pick out a few of those questions and discuss them more in-depth. The most common questions we had all boiled down to one answer: communication. Regular communication, at least monthly, between a business owner and their CPA allows the CPA to truly understand the owner's personal financial goals, growth goals, and exit/transition plans. Don't treat your CPA relationship as just a once-a-year tax filing — make it an ongoing advisory partnership to receive the best advice and money-saving results that you expect. What you will learn in this episode: What clients want from a CPA relationship Knowing your growth and transition goals How to have a CPA who will ask you questions about your goals Communication goes both ways Giving your CPA 60-90 days to fully understand your business Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

Craig S. Cody is a Certified Public Accountant, Certified Tax Coach, bestselling author, and business owner with over 22 years of experience helping agencies keep more of what they make. Craig is also the host of The Progressive Agency Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig Cody & Company focuses on proactive tax planning, small agency accounting, and tax preparation, but what really excites the team is helping agencies spot mistakes and uncover missed opportunities that cost them thousands in taxes. In this solocast episode, Craig welcomes everyone back to the official relaunch of the Progressive Agency Podcast. He breaks down the new Corporate Transparency Act and what that means for agency owners. He explains what it is, how it will be enforced, deadlines, penalties, and who needs to file under this new act. If you're a small to medium-sized agency owner, this episode will highlight some important upcoming changes for your business that you don't want to miss. What you will learn in this episode: What is the Corporate Transparency Act? How this new act will affect small- to medium-sized agencies 3 things for agency owners to know under this new act Who is exempt from filing? How agency owners can file correctly and what needs to be reported Upcoming deadlines and notifying FinCEN of any changes to your agency Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

Points of Interest0:00-1:20 - Introduction to Craig Cody, a tax strategy expert focused on helping agencies pay less tax.1:21-2:12 - The unique focus of tax planning for marketing agencies.2:13-3:04 - The role of business model in tax planning for agencies.3:05-4:29 - Understanding the tax code and the importance of tax planning.4:30-5:45 - The importance of proactive tax planning and thinking year-round.5:46-6:50 - The importance of tax efficiency and its impact on building wealth.6:51-7:30 - Thoughtful decisions and tax efficiency for agency owners.7:31-8:31 - The tension between making business tax efficient and the reality of business costs.8:32-9:45 -The impact of entities and location on tax planning.9:46-10:53 - Retirement planning as a key tax strategy for agency owners.10:54-12:18 -The value of documentation and proper planning for tax efficiency.12:19-14:00 - Strategies for maximizing tax benefits and expenses within the boundaries of the law.Show Notes12 Biggest Tax Mistakes Book: https://craigcodyandcompany.com/ (form on homepage)5 Simple Ways to Save Thousands on Taxes Course: https://craigcodyandcompany.thinkific.com/courses/5-tax-strategiesLinkedIn: https://www.linkedin.com/in/craigcodycpa/LinkedIn Business: https://www.linkedin.com/company/craig-cody-and-company/Facebook: https://www.facebook.com/CraigCodyandCompanyWebsite: https://craigcodyandcompany.com/Agency Research Report: https://craigcodyandcompany.com/agency-tax-research/Re-launching The Progressive Agency Podcast: https://craigcodyandcompany.com/agency-podcast/ - Date TBDEmail:  craig@ccodycpa.comLove the Podcast?Leave is a review here.

Why it was selected for "CBNation Architects": In episode IAM192 of the I AM CEO podcast, host Gresham Harkless interviews Craig Cody, a Certified Public Accountant, Certified Tax Coach, Business Owner, and former New York City Police Officer with 17 years of experience on the force. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified.   In the interview, Craig discusses his journey as an entrepreneur and the importance of tax planning for businesses. He talks about his unique approach to tax consulting, which involves personalized service and expertise to help clients save money on taxes and improve their bottom line. Craig also shares his CEO hacks and nuggets, which include staying hydrated and using a virtual assistant to stay organized.   Additionally, he defines what being a CEO means to him, which involves being able to do what he wants when he wants.   Overall, the episode provides valuable insights into tax planning for businesses and the importance of personalized service in consulting. Check out one of our favorite CEO Hack's CEO Web Shop. Get your free audiobook and check out more of our favorite CEO Hacks HERE. I AM CEO Handbook Volume 3 is HERE and it's FREE. Get your copy here: http://cbnation.co/iamceo3. Get the 100+ things that you can learn from 1600 business podcasts we recorded. Hear Gresh's story, learn the 16 business pillars from the podcast, find out about CBNation Architects and why you might be one and so much more. Did we mention it was FREE? Download it today!   Previous Episode: https://iamceo.co/2019/02/21/iam192-certified-tax-coach-and-co-author-helps-clients-with-techniques-and-strategies-on-tax-planning/

On this episode of Sell with Authority, I am excited to welcome guest expert Craig Cody. He is the Founder and CEO of Craig Cody & Company. Craig and his team are renowned tax strategists who help business owners maximize their tax savings legally and effectively. And in full transparency — Craig is our tax strategist here at Predictive. The results he and his team deliver for us and all their clients are off the charts. We'll dive into the world of proactive tax strategies, discussing the common financial concerns, pain points, and major issues business owners face. We aim to equip you with the knowledge to keep more of what you earn and implement a proactive tax strategy that aligns with IRS guidelines. My conversation with Craig is crucial because all your hard work and dedication mean little if you pay more taxes than necessary. Craig's insights will help you design 2023 in a way that ensures your efforts truly pay off for you and your family. What you will learn in this episode: Tools Craig recommends for creating big impacts right away Why documentation is key What the Augusta Rule states how to take advantage of it Advantages of Safe Harbor 401 K plan Details about Craig's upcoming informative webinar, What is Keeping Agency Owners Up at Night: Tools for Managing Cash Flow Resources: Website: www.craigcodyandcompany.com What is Keeping Agency Owners Up at Night: Tools for Managing Cash Flow: https://craigcodyandcompany.com/qa/ LinkedIn Personal: https://www.linkedin.com/in/craigcodycpa/ LinkedIn Business: https://www.linkedin.com/company/craig-cody-and-company/ Facebook: https://www.facebook.com/CraigCodyandCompany Twitter: https://twitter.com/craigc2742 Additional Resources: Predictive ROI Resource Library: https://predictiveroi.com/resources  

According to Parys et al (2023), "the deadline for filing a federal tax return is April 18, 2023. If you request a tax extension by April 18, 2023, your tax return will be due on October 16, 2023. But there's a catch — your tax bill will still be due on April 18. Getting a tax extension gives you more time to file your tax return, but it does not provide more time to pay your taxes." PA Josh Horn once suggested there would be so many more valuable private businesses if they would redirect the time and energy used on tax avoidance into value creation.  First, we discuss tax tips with Craig Cody. As a Certified Tax CoachTM, Craig Cody belongs to a select group of practitioners throughout the country who undergo extensive training on various tax planning techniques and strategies to become and remain certified. Craig has co-authored an Amazon bestseller, Secrets of a Tax-Free Life, with this organization. Their clients include, but are not limited to, Medical Professionals, Clothing Sourcing Businesses, and Commercial Electrical Companies. Craig answers the following questions: What is the biggest mistake you see small business owners making regarding taxes? How can business owners use their CPA to their Advantage? Next, we play a clip from our interview with Tab Burkhalter: Founder and CEO of Numbers House, which specializes in helping entrepreneurs legally start their businesses, Tab will discuss the following topics on this show: * The most common tax deductions franchise owners overlook * You can borrow from your 401k to start a franchise, but should you? * Financial and tax implications of opening a second franchise location * Exit strategies for franchise owners

Today's Flash Back Friday Episode is from Episode #239, which originally aired on September 26, 2017. Our guest for this week's show is certified tax coach, certified public account, and published author, Craig Cody In today's show, we're going to be speaking with Craig about both my favorite and least favorite things in this world, real estate investing and taxes, but more specifically, we're going to go into detail on tax strategies specific to real estate investing that can help keep more of that hard earned money in your pocket. As an added bonus Craig is going to give you details on how you can snag a free copy of his book titled “10 Biggest Tax Mistakes That Cost Business Owners Thousands” but you'll need to listen in until the end to find out how to grab your free copy. Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Craig S. Cody is a Certified Public Accountant, Certified Tax Coach, bestselling author, and business owner with over 22 years of experience helping agencies keep more of what they make. Craig is also the host of The Progressive Agency Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig Cody & Company focuses on proactive tax planning, small agency accounting, and tax preparation, but what really excites the team is helping agencies spot mistakes and uncover missed opportunities that cost them thousands in taxes. In this special episode of The Progressive Agency Podcast, host Craig Cody invites listeners to request a free copy of his book featuring great tips and information on how to save thousands of dollars on taxes. Craig shares the top 5 things you should be doing to keep more money in your pocket. Ways to reach out to Craig with any questions or to set up a strategy session. Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

On this episode of THE CLASSIC METAL SHOW, Neeley and Chris talk about Neeley pulling the trigger on buying a new TV. They talk about the conclusion of ANIMAL KINGDOM coming this weekend. They talk about Neeley's trip to Target, and what a disaster that store has become. This leads to a talk about what a "model" looks like these days. They talk about some women that held it together. Finally, they admit they don't have anything else to talk about and end the segment. Please SUBSCRIBE, click the notification bell, leave a comment or a like, and share this episode! **NOTE: Everything said here, and on every episode of all of our shows are 100% the opinions of the hosts. Nothing is stated as fact. Do your own research to see if their opinions are true or not.*

If you're searching for ways to lower your taxable income, learn how the pass-through entity tax could help. Listen to this episode to hear insights about: How the 2018 tax cuts impacted personal tax deductions What the pass-through entity tax is Why would business owners want to take advantage of the pass-through entity tax Which states have already enacted the pass-through entity tax Which states have proposed the pass-through entity tax, and will likely pass it How does the pass-through entity tax lower your taxable income Resources: The 12 Biggest Tax Mistakes That Cost Agency Owners Thousands:https://www.amazon.com/Biggest-Mistakes-Agency-Owners-Thousands/dp/B088B6DPG9/ref=sr_1_1?qid=1639661450&refinements=p_27%3ACraig+Cody&s=books&sr=1-1 Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

If you're planning to travel for work, you've likely thought about deducting business travel expenses.  Listen to this episode to hear insights about: How business travel documentation rules differ between corporations and proprietorships Why you need to report your business travel on your business taxes rather than your personal taxes The four elements you must be able to prove and therefore should keep a record of Why travel meals are separate from other travel expenses Which travel expenses you should keep receipts for, and if you can use credit card statements instead What constitutes a timely kept record of your tax expenses for the IRS How to properly submit travel expenses to your corporation The most important piece of information that you need to keep a record of for business travel expenses What are the two different types of tax-deductible business travel expenses How do you know if you can deduct business trips, even if you'll be on the trip for more than just business How travel deductions differ between US travel and international travel Travel Expense Rules Traveling for work can be a great way to experience more and grow your business. However, all travel is not the same. This week on the Progressive Agency Podcast, I discuss deducting your business travel expenses. I explain the differences in travel documentation rules if you're a corporation or a proprietorship. During this solocast. I also discuss how to properly keep a record of your expenses. Listen to the episode to learn more. Proving It If you plan to deduct your business travel, you must be prepared to prove your expenses to the IRS if needed. There are four elements that you should always keep a record of to prove your business travel. The first being the amount of each expenditure, the second is the dates of travel, departure and return. Third, you should keep a description of the location of your trip. Last, and most importantly, is the business purpose for your trip. During our conversation, I explain how to easily maintain this record. Business or Personal When you plan a business trip, it's possible that you may plan to extend your trip for longer. A common thought is, if you stay longer on a professional trip for personal reasons, can you still expense it? In this episode, I explain how this differs when traveling within the United States and internationally. Listen to the episode to learn how many days of your trip you're required to work in order for it to be covered as a business expense. Click here to learn more: Resources: The 12 Biggest Tax Mistakes That Cost Agency Owners Thousands:https://www.amazon.com/Biggest-Mistakes-Agency-Owners-Thousands/dp/B088B6DPG9/ref=sr_1_1?qid=1639661450&refinements=p_27%3ACraig+Cody&s=books&sr=1-1 Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

I just read a tweet this morning from CPA Josh Horn. He suggested there would be so many more valuable private businesses if they would redirect the time and energy used on tax avoidance into value creation. First, we discuss tax tips with Craig Cody. As a Certified Tax CoachTM, Craig Cody belongs to a select group of practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become and remain certified. Craig has co-authored an Amazon bestseller, Secrets of a Tax-Free Life, with this organization.Their clients include, but are not limited to, Medical Professionals, Clothing Sourcing Businesses, and Commercial Electrical Companies. Craig answers the following questions: What is the biggest mistake you see small business owners making regarding taxes? How can business owners use their CPA to their Advantage? Next, we play a clip from our interview with Tab Burkhalter: Founder and CEO of Numbers House, which specializes in helping entrepreneurs legally start their businesses, as well as providing back-end office support in bookkeeping, payroll, etc. Tab is a licensed CPA who can provide expert commentary and insight on all things business-related in the home services field. His company helps owners make sure their business is structured in a way that is most advantageous regarding taxes and offering payroll and bookkeeping services. Tab will discuss the following topics on this show: * The most common tax deductions franchise owners overlook * You can borrow from your 401k to start a franchise, but should you? * Financial and tax implications of opening a second franchise location * Exit strategies for franchise owners

Does the Great Resignation have you considering hiring out-of-state remote employees?  Hear insights about: What should you be aware of if you are considering hiring remote employees who are in a different state than your business Why recruiting new employees is currently taking at least three to six months What are your responsibilities as an employer to out-of-state employees What is apportionment, and how that can impact the amount of taxes you'll pay How the IRS can easily determine if you have out-of-state employees  Resources: The 12 Biggest Tax Mistakes That Cost Agency Owners Thousands Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Are you taking advantage of the qualified business income deduction? It's a great way to save money. Hear insights about: What is the qualified business income deduction Who is eligible and who may not be eligible for the qualified business income deduction How to take advantage of the qualified business income deduction Why do you need to make sure that your salary is high enough to qualify for this deduction if you have no employees Where can you look on your tax return to determine if you can take advantage of this deduction What to ask your CPA to ensure that you are not missing out on this opportunity Resources: The 12 Biggest Tax Mistakes That Cost Agency Owners Thousands: https://www.amazon.com/Biggest-Mistakes-Agency-Owners-Thousands/dp/B088B6DPG9/ref=sr_1_1?qid=1639661450&refinements=p_27%3ACraig+Cody&s=books&sr=1-1 Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Planning your 2021 taxes? It's a great way to save money. Hear insights about: What resources of Craig's can help you understand basic tax planning What steps should you take before the end of the year to help you save money on your 2021 taxes How to add additional money into your 401(k) if your payroll service automatically caps your contributions if you're over age 50 What is a back-door Roth IRA, why you should do it, and what could prevent you from doing it What is the pass-through entity tax, and how it can help you get around the $10,000 personal deductibility cap Resources: The 12 Biggest Tax Mistakes That Cost Agency Owners Thousands: https://www.amazon.com/Biggest-Mistakes-Agency-Owners-Thousands/dp/B088B6DPG9/ref=sr_1_1?qid=1639661450&refinements=p_27%3ACraig+Cody&s=books&sr=1-1 Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Profit First Method? It's a better way to manage your agency's money. Hear insights about: How to participate in Craig's Q&A sessions that take place each Tuesday at 2pm Eastern time What the “Profit First Method” is, and how agency owners can take advantage of it to ensure that you always have money left over How the Profit First Method uses different bank accounts to allow you to “sequester” your profits into different buckets How the Profit First Method leaves money aside for operating expenses and for taxes and eliminates confusion Why using the Profit First Method can be advantageous to both new agencies and to existing agencies looking for a better way to manage their money How you can adapt the Profit First Method to better navigate challenging times such as the global pandemic Resources: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz: https://amzn.to/3CdwWeM Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Key business metrics are vital to follow to minimize your tax burden and make your business more profitable. Hear insights about: Why it's vital to know your key business metrics and numbers so that you can make good business decisions Where to look and which key business metrics to track that can help you save money on your taxes Why your business cash flow is crucial, and why you should always be aware of your Accounts Receivable, Accounts Payable, and Profit and Loss analyses Why you should be checking your numbers and key business metrics on a regular basis throughout the year What “basis” is and why it is an important tax concept to understand, and what actions will give you basis or cause you to lose basis Why taking too much money out of your business can be an unexpected surprise that can cost you by disallowing you to take loss offsets Why you can have a strong, viable business and still have zero basis even if you've got great cash flow Why the type of business structure you're operating under can impact whether or not you have basis Why understanding your numbers and following your key business metrics can help your business operate more smoothly and become more profitable Know Your Numbers: Key Business Metrics In this week's solocast episode of the Progressive Agency podcast, I discuss why it is so important that you track your key business metrics and understand the numbers that power your business. If you aren't following your numbers and regularly checking in with your tax professional, you could be in for unexpected surprises at tax time that could cost you. Your Profit and Loss analysis, Accounts Receivable (AR), and Accounts Payable (AP) provide powerful information and insights into your business, and so understanding and tracking these key business metrics is crucial. Not only will it help you make better decisions and avoid costly mistakes, understanding your numbers can increase the profitability of your business and open new opportunities you would have missed out on otherwise. Do You Have Basis? Your tax basis is another vitally important figure. Basis is typically calculated as how much you've invested in your business, and it's calculated differently between business structures. But having positive basis is important, because if your basis goes into negative numbers, it could prevent you from taking deductions to offset losses your business has experienced. Basis can fluctuate based on various factors including how much you've paid yourself out from your business over the course of the year, and so it can be helpful to consult with an experienced tax professional to help you understand how much basis you have (or don't have) and what the tax implications will be. I invite you to reach out to me if you have any questions or concerns about your key business metrics and tax basis, my team and I will be happy to help you better understand these concepts. And of course, please visit https://craigcodyandcompany.com/agency-podcast/ for more informative, money-saving podcast episodes like this one. Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Small business tax saving strategies? Expert Craig Cody gives an overview of the many ways your agency can save money on taxes going forward. In this special episode, you'll hear audio from the Build A Better Agency podcast, where Craig Cody is interviewed by host Drew McLellan from the Agency Management Institute. Hear insights about: How the onset of the global pandemic brought many changes to tax code including the PPP loan, EIDL and other small business tax saving strategies What key considerations to keep in mind about the interaction between the Employee Retention Credit and the Paycheck Protection Program loan Why expenses related to the global pandemic may be able to be deducted, and what qualifications to be aware of What the “Augusta Rule” is, and how business and agency owners can take advantage of the rule to move funds from their business to themselves with no tax liability Why a home office is the first step toward significant tax deductions, such as putting in a pool or a home gym Why it is important to check in with your tax strategist throughout the year, and why strong communication and proactivity are crucial What a Defined Benefit Program is, how it can benefit agency and business owners over the long term, and how it can be the ideal companion to your business exit strategies Why too few business owners take advantage of the Qualified Business Income Deduction, and what to ask when evaluating a potential new tax advisor Small Business Tax Saving Strategies This week's episode of the Progressive Agency podcast is a bit different. In it, you'll hear audio from a conversation I had with Drew McLellan on his Build A Better Agency podcast. Drew's focus and passion are directed toward helping agency owners of all kinds grow, strengthen and scale their businesses. During our conversation, I was able to give Drew's audience a high-level overview of the many potential credits, deductions and other small business tax saving strategies that many business owners don't even realize are available to them. The saying goes, “you don't know what you don't know”, and so this week's podcast episode will hopefully open your eyes to money that you're leaving on the table for the IRS unnecessarily. My goal is to dispel some of the myths around small business taxes, help you keep more of what you make, and ensure that your agency is on sound financial footing and that you're fully prepared for your eventual retirement. PPP, EIDL, ERC and the Augusta Rule There are so many ways that you can reduce your tax liability and credits that you can apply for that it can sometimes feel overwhelming. However, a great tax professional can help you make sense of things and can often help you find money you're leaving on the table. Ask yourself, is your current tax pro actively seeking deductions? Are you checking in with them regularly, throughout the year, to strategize about ways you can be saving money? If not, you're almost definitely missing out on deductions, credits and other smart financial solutions. That's because, to make the most of PPP, EIDL, ERC, the Augusta Rule and other opportunities, you have to be proactive. Once you wait until it's time to file, it's probably too late. That's why you should be talking to your tax professional regularly, giving them a very clear overview of your business and what has changed since you last spoke, so that they can be looking for these solutions. As Drew mentioned in our conversation, he's very good at what he does, but he's not a tax specialist. So, having a trusted advisor in his corner can make a big difference in the amount of his money he gets to keep. I know you'll find my conversation with Drew helpful. This is a great opportunity to get up to speed on some of the options available to you, and I urge you to speak to your tax advisor and ensure that you're taking advantage of every available opportunity. Additional Resources: Website: www.craigcodyandcompany.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Drew McLellan: For 30+ years, Drew McLellan has been in the advertising industry. He started his career at Y&R, worked in boutique-sized agencies and then started his own (which he still owns and runs) agency in 1995. Additionally, Drew owns and leads the Agency Management Institute, which advises hundreds of small to mid-sized agencies on how to grow their agency and its profitability through agency owner peer groups, consulting, coaching, workshops and more. About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.    

Employee Retention Credit 2021? Here's everything you need to know to take advantage of this powerful tax credit. Hear insights about: How the Employee Retention Credit was made available in the first CARES Act, and how in the second version it was made available in conjunction with PPP How the Employee Retention Credit 2021 version works, and how the rules have changed since the first version How you can qualify for the Employee Retention Credit 2021 if you had at least a 20% drop in revenue compared to the same quarter in 2019 How the Employee Retention Credit pays 70% of the first $10,000 in wages paid to an employee Why you automatically qualify for the credit in a quarter following the quarter in which you experienced the revenue drop Why the intent of the Employee Retention Credit is to help subsidize your payroll and offset losses How the owner of a business qualifies for the credit, as does their spouse and any employees not related to more than 50% of the owners of the business How the qualification depends on if you suffered a 50% reduction in receipts in 2020, or a 20% reduction in 2021 and are in a trade or business Why you should make sure that you aren't using the same salaries to qualify for both the Employee Retention Credit and either round 1 or 2 of the PPP What important differences exist between the Paycheck Protection Program and the Employee Retention Credit Employee Retention Credit 2021: Everything You Need To Know In this week's solocast episode of the Progressive Agency podcast, I discuss the ins and outs of the Employee Retention Credit, one of the two programs created for businesses as part of the CARES Act to aid them in paying their employees during the global pandemic. The intent was to subsidize employee pay for businesses that experienced a large financial loss due to the pandemic. The Employee Retention Credit has gone through a few changes since its inception; it was updated to work alongside the Paycheck Protection Program (PPP). However, it is important to make sure that you aren't using the same employee salaries to qualify for both programs. The credit equals 70% of the first $10,000 of a qualified employee's salary. So who qualifies for this credit? Business owners do, as do their spouses. However, their children do not, as anyone related to more than 50% of the owners of a business are ineligible. To activate this credit, you must have experienced a 50% reduction in revenue compared to the same quarter in 2019, or a 20% reduction in 2021. You must also be in a trade or business, so most agencies would qualify. To learn more about Employee Retention Credit 2021 implications for your taxes, please reach out to me. And of course, please visit https://craigcodyandcompany.com/agency-podcast/ for more informative, money-saving podcast episodes like this one. Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Employee lives in another state? Expert Craig Cody explains the complex tax and compliance issues when hiring remote employees. Hear insights about: How hiring out-of-state employees and the increasing prevalence of remote work can impact your taxes and cause compliance issues you need to know about Why the first thing you'll need to do is register with your employee's home state for withholding tax and potentially unemployment tax Why compliance requirements may vary from state to state, and why there may be various types of insurance you'll need to have depending on the state Why you should also research what types of leave coverage you may be required to have, and why an experienced CPA or a trusted payroll company can help Why more often than not, you'll also need to register in your employee's home state as a “foreign corporation” Why most states will require a minimum tax amount you'll have to pay, depending on your organization's entity type How each state uses its own unique formula to determine how much of your income you'll need to allocate to that state Why many businesses “flew under the compliance radar” in the past, and why the pandemic and growth of remote work is likely to result in increased compliance scrutiny How hiring out-of-state employees may create personal filing responsibility for you in the employee's home state Employee Lives In Another State: Tax and Compliance Concerns With the global pandemic, more and more employees are working remotely. When you have an employee that is working in a different state, it can create some very important tax compliance issues that you need to be aware of. In this week's episode of the Progressive Agency podcast, I go over some of these concerns and explain key concepts that often differ from state-to-state. What to Know When an Employee Lives In Another State If you hire an employee that resides in a different state from the home state of your business, you'll need to register with that employee's state for the purposes of withholding tax, and possibly even unemployment tax. You may be required to have various forms of insurance as well. Most states will have a minimum tax you'll need to pay, and each state's requirements for payment vary. Working closely with an experienced CPA or a payroll company can help you navigate these requirements and ensure that you're compliant with your employee's home state tax rules. Though in the past, many businesses failed to take these steps and managed to fly under the radar, the increase in remote work due to the global pandemic means that many states are beginning to crack down on non-compliant businesses. Doing the necessary work to ensure that you're meeting the requirements when an employee lives in another state can save you a huge headache down the road. If you'd like to learn more about out-of-state tax and compliance issues, please feel free to reach out to me. And as always, please visit my Progressive Agency podcast archive at https://craigcodyandcompany.com/agency-podcast/ for more informative, money-saving podcast episodes like this one. Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast and The Progressive Agency Owner Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school.

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: In this series finale of the Progressive Dentist Podcast, host Craig Cody explains why he is ending the series, and he invites listeners to visit the library of past Progressive Dentist Podcast episodes for more great tips and information and to reach out to him with any questions or to set up a strategy session. Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

Ep #60 - Tax Planning for Agencies with Craig Cody - It's another episode of The Climb with Jon and David, in this show were speaking with Craig Cody of Craig Cody & Company - CPA, Tax Consultant & Tax Planning. Tax season is coming up and we discuss strategies and deductions to save you as much as possible from Uncle Sam!

In this episode, our hosts invite professional CPA and Tax Coach Craig Cody from "Craig Cody and Company". The most important thing to avoid expensive tax mistakes is Failing to Plan. Tax Planning is a year-round activity not just something that is done on April 15th each year. Craig gave away a free copy of his book in this episode to all The Landlord Real Estate Show Listeners. Thanks for your time listening. We have a free landlord course for you http://www.freelandlordcourse.com Be a Discount Property Investor Mike's Secret Weapon https://bit.ly/FWCToolKit Please leave us a Review: https://ratethispodcast.com/realestateshow Your reviews help us rank higher and reach more people. Thank you for Listening! Michael Slane --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: What is included in the new relief bill passed by Congress and the President What has changed with the PPP in the new bill The documentation and qualifications needed to receive a second-draw PPP loan Key talking points to address with your CPA so you can get the most out of the new bill Possible future developments in PPP funding that you should prepare for Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: How to set goals that will drive us to build momentum and get back on track in 2021 Different personal and professional goals you should consider My goal-setting process for the new year Why you should consider hiring a coach or mentor to help with the goal-setting process How to create an actionable plan that will enable you to achieve your goals Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: What dentists can do to close out the year and prepare for 2021 The importance of meeting with your CPA before year-end Key talking points you should discuss with your CPA Why you should consider fully-funding your 401k before year-end Resources you can use to lower your year-end taxable income Why you should do a tax projection with your CPA Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Functional Medicine Providers: What You Will Learn: Why it is critical to take a proactive approach to tax planning in functional medicine How functional medicine providers can keep more of what they make Craig's approach to tax strategy in the FM niche What to look for in a tax planning strategist Common tax mistakes that functional medicine providers make and how to avoid them How Craig helps his clients reduce their tax liability by legal, moral, and ethical means How the suspension of the payroll tax affects our taxes Craig's top tax planning strategies for 2020 Tax Strategy for Functional Medicine Providers Craig Cody is the founder and owner of Craig Cody & Company and host of The Progressive Dentist podcast. His tax planning and CPA firm helps all kinds of healthcare professionals and small business owners keep more of what they make. From functional medicine providers to dental practitioners, Craig helps his clients take a proactive approach to tax planning strategy so they can reduce their tax bill by legal, moral, and ethical means. In this episode of The FM Shift, Craig joins us to provide a better understanding of what we can do to prepare for tax season. Tax Planning Makes All the Difference When Dr. Heather Stone and I became both functional medicine providers AND entrepreneurs, our attitudes toward taxes were much different than they are today. When we were coming up and learning how to scale our functional medicine practice, taxes were not a priority because they had such a small impact on our business. However, as we started to experience more growth later down the road, the significant amount of revenue we were able to pull in led to significant tax bills. This is a difficult road to navigate and I wouldn't recommend going at it on your own. Reaching out to your CPA to see what you can tweak to lower your tax liability will literally save you thousands of dollars each year. That is more money in your pocket to invest in your business and generate more growth. Start a Conversation With Your CPA As functional medicine providers, we will come across a lot of CPAs who chalk up their responsibility to putting the right numbers in the right boxes and making sure the filing deadline is met. We should be looking for a CPA that takes a strategic lens to our books and makes changes that will help us keep more of what we make. Some of the talking points we can bring up are whether or not we have maxed out our 401k. And if our spouse is associated with the business, we need to look at theirs as well. We need to have conversations about our entity structure, PPP loans, home-office deductions, life insurance plans, and a number of other areas that could save you tons of money next tax season. About Craig Cody Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. How to Connect with Craig Cody: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa Course: https://craig-s-school-e90e.thinkific.com/courses/5-tax-strategies

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Why the October 15 filing deadline is the craziest filing deadline in history What questions to ask your CPA as you prepare for year-end tax planning Why it is so important to have your books in order before you start tax planning How the PPP and EIDL will factor into your year-end tax planning Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Common trends we are seeing with tax planning in September 2020 What is causing a lack of communication and planning between business owners and their CPAs Why you should go over your numbers and create a tax plan with your CPA instead of trying to do it on your own Key numbers that affect the accuracy of your books and your tax plan for 2021 How the PPP and CARES Act have impacted your books Why communication with your CPA is key in keeping more of what you make Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: New updates to the PPP, EIDL, and how they affect your tax planning strategy When you should apply for forgiveness, and what you need to know about headcount requirements and covered periods before you apply What you need to know as you calculate owner compensation in the covered period The safe harbors for PPP forgiveness Current conditions for qualification and approval of EIDL grants How the EIDL grants affect your PPP forgiveness amount What you can do to prepare for tax season if you have applied for any of these Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Stephen Woessner is the founder and CEO of Predictive ROI, a digital marketing agency, and the host of Onward Nation — a top-rated daily podcast for learning how today's top business owners think, act, and achieve. Onward Nation is listened to in 120 countries around the world with over 28,000+ email subscribers. Since the advent of the commercial Internet, Stephen has collected tens of thousands of data points that have given him the ability to identify what he calls the “8 Money Draining Mistakes” and the “8 Money Making Opportunities.” Darren Hardy, then-publisher of SUCCESS Magazine, interviewed Stephen to discuss how business owners can identify and fix the mistakes. Stephen served in the United States Air Force, spent six years at the University of Wisconsin-La Crosse as a full-time academic staff member and taught digital marketing classes to small business owners throughout the state including the prestigious School of Business at UW-Madison, has owned five businesses, and is the author of three books, “The Small Business Owner's Handbook to Search Engine Optimization”, “Increase Online Sales Through Viral Social Networking”, and “Profitable Podcasting.” His digital marketing insights have been featured in Forbes.com, Entrepreneur.com, The Washington Post, and Inc. Magazine. Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: How the Paycheck Protection Program (PPP) loan has changed recently, and what you need to know about the program What further changes Craig anticipates the government making to the PPP loan and forgiveness requirements How the government has created new options for partnership business that could result in those businesses getting still more money How to reach out to Craig if you have any other questions or need clarification on these new changes Why additional money for business partners may not have any cap, starting at around $40,000 for the first partner and going up Why Craig sees the Economic Injury Disaster Loan (EIDL) as “cheap insurance” to help protect against whatever may happen in the near future What changes Craig believes might happen to the EIDL, and why it is taking a while for small businesses to get approved for EIDL How the use of the EIDL funds can potentially increase your business tax liability due to the use of EIDL funds cutting into your tax deductions How many of Craig's clients are operating under business-as-usual with relatively minor changes, with the exception of restaurants which are still struggling How to access Craig's free course “The Five Simple Ways to Save Thousands on Taxes and How Business Owners Can Start Today” How to contact Stephen Woessner: Sell With Authority Book: //amzn.to/39y7x13 Website: //predictiveroi.com/ LinkedIn: www.linkedin.com/in/stephenwoessner/ //www.linkedin.com/company/predictive-roi/ Facebook: //www.facebook.com/PredictiveROI/ Twitter: @stephenwoessner How to contact Craig Cody: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Why the timeline of the PPP extension is unclear What we can expect from Congress's new legislation Everything we know about the forgiveness application so far How to add value to your business by evaluating your team Different ways you can cut your overhead costs to increase efficiency Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

About Drew McLellan: Drew McLellan has worked in advertising for 30+ years and started his own agency, McLellan Marketing Group in 1995 after a five-year stint at Y&R. He also owns and runs Agency Management Institute (AMI), which offers agency management training, consulting and facilitates agency owner peer networks for small to mid-sized agencies (advertising, digital, marketing, media and PR). The mission of AMI is lofty yet simple — help agency owners increase their AGI, attract better clients and employees, mitigate the risks of being self-employed in such volatile business and best of all — let the agency owner actually enjoy the perks of owning the joint. Drew is still active in his agency as well, which has been around for 23+ years and is still cooking, so much to his parents' relief, it seems to be working out. Drew's often interviewed/quoted and published in Forbes, Entrepreneur Magazine, AdAge, New York Times, Washington Post, AdAge, CNN, BusinessWeek, and many others. The Wall Street Journal calls him “one of 10 bloggers every entrepreneur should read.” Drew is also the host of Build A Better Agency podcast, which is among the top 5% of all podcasts produced and features subject matter experts with a depth of expertise in the agency space. When he's not hanging out with agency owners and their staff, Drew spends time with his daughter and pondering why the Dodgers can't seem to win the World Series. Drew has a Master's Degree from the University of Minnesota but alas, he cannot remember their fight song. About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: The PPP relief loan, what we can use it for, and what we can't What we know so far about PPP eligibility for deduction What has changed as a result of the new forgiveness application Where the forgiveness application gives us the clarity that we didn't have clarity before What we can make of the IRS/Congress tussle over the PPP guidelines Strategies we can use to mitigate our tax liability until the HEROES Act is passed How the alternative payroll covered period benefits agency owners How agencies can use PPP funds on expenses other than payroll How we can reimburse agency employees for working from home expenses How to avoid mistakes with your application How to contact Drew McLellan: Email: drew@agencymanagementinstitute.com LinkedIn: www.linkedin.com/in/drewmclellan Website: //agencymanagementinstitute.com/ COVID Resources: COVID Resource Page How to contact Craig Cody: Free Book Giveaway: //craigcodyandcompany.com/AMIcovid/ Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: The most current facts surrounding the PPP and loan forgiveness How to calculator your average full-time equivalent employees How to use three different calculations to determine the amount of your PPP loan eligible for forgiveness Every expenditure currently covered by the PPP How to navigate the lack of clarity surrounding the PPP and loan forgiveness Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: www.linkedin.com/in/craigcodycpa

Adina DiGennaro was born and raised on the North Shore of Long Island, NY. She spent her early years working for a Fortune 500 cosmetic sales company as Chief Administrative Officer for 13+ years. Adina then met her husband who retired from his position as NYPD Detective in 2005 and they have two sons, 13 and 9. Adina and her family love to travel as often as they can, enjoying great food and new places with their friends and family. The DiGennaro family has a rescue Chocolate Lab/Weimaraner mix from Puerto Rico named “Bocce” who has brought a lot of love and joy to their home. Adina has worked for Craig Cody and Company for over three years and says it has been wonderful. What You Will Learn: How Adina ended up with Craig Cody & Co. The role of a personal assistant and the qualities you should be looking for How personal assistants enable dentists to delegate tasks and focus on the responsibilities that keep the practice in motion What it's like to work with a personal assistant, and the impact it can have on your practice All of the different responsibilities that personal assistants can absorb How a personal assistant can grow with your business Why hiring a personal assistant will help alleviate stress in times of crisis

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Parts of the CARES Act that small business owners should be familiar with How small business relief works with the CARES Act Who is eligible for the CARES Act How the PPP works and the underlying tone of it Other costs that will be forgiven through the CARES Act Tools and resources you can use to plan your recovery from the COVID-crisis Additional Resources: FREE COVID Loan Grant Calculator Download Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: The best legal options for dentists to keep more of what they make QBI and the deductions surrounding it What you can do to get your taxable income below the $315k mark as you plan for QBI How QBI will impact your financial planning in 2020 Why you should plan for QBI with your CPA Additional Resources: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: How good bookkeeping can put more money in your pocket Why good books can help us grow our collections number How organizing our books can help us measure our expenses to increase efficiency Why proper bookkeeping can help us read our net profit and keep more of what we make Why bookkeeping impacts your ability to make decisions as a business owner Additional Resources: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What the podcast will teach you: Why it is crucial to take the time to think about ways your business can save money, and why monthly check-ins with your CPA can help you identify opportunities What low-hanging fruit business owners can pursue to get back more of what they make, and why the type of business entity your company falls under matters What tax breaks, write offs and opportunities business owners should speak with their CPAs about taking advantage of Why planning for your taxes should be a year-round process and not something you start thinking about when it's time to file How to connect with Craig Cody and get a free copy of his book The 10 Biggest Tax Mistakes that Cost Business Owners Thousands Why using the home athletic facility deduction to write off a swimming pool and having the owners hire their kids are two of Craig's favorite ways to save money for his clients Why hiring a great CPA should be viewed as an income source rather than as a financial expense due to the return on investment Why having the right retirement plan for exiting from your business is a critical step you should be thinking about now How a few tweaks to one of Craig's client's taxes saved the client more than $450,000 in one year Resources: Website: www.theprogressivedentist.com Website: https://craigcodyandcompany.com/eliteentrepreneurs/ Email: craig@ccodycpa.com Twitter: @CraigC2742 LinkedIn: https://www.linkedin.com/in/craigcodycpa Secrets of a Tax Free Life co-authored by Craig Cody: https://amzn.to/2DU1eYd The 12 Biggest Tax Mistakes that Cost Dentists Thousands by Craig Cody: https://amzn.to/2DIjnYL

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Processes that will help you build wealth and keep more of what you make The questions you should ask going into the 2019 tax planning season Why you need a consistent open dialogue with your CPA Additional Resources: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Cost segregation studies and how they relate to the building you own How you can use cost segregation studies to lower your tax bill How you can use cost segregation studies to offset the cost of your renovation Why you can do a cost segregation study any time after you've purchased the building Common reasons why dentist don't do a study, and how to get past them Why cost segregation studies are good to keep in your back pocket Additional Resources: Website: www.theprogressivedentist.com

Craig Cody is a certified public accountant, Certified Tax Coach™, business owner and the host of the Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Why you should start tax planning now Why tax planning is a continuous process The guaranteed results of tax planning How to choose the right business entity Picking the best healthcare/retirement plan for your business The deductions you can make with a home office Additional Resources: Website: www.theprogressivedentist.com

Craig Cody is a certified public accountant, Certified Tax Coach™, business owner and the host of the Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Additional ways to keep more of what you make by analyzing your expenses The common misconceptions of home-office deductions How to milk your home office for everything it's worth Utilizing health savings accounts to save money How to use a medical expense reimbursement plan to turn big-ticket medical procedures that aren't covered by insurance into dollar-for-dollar deductibles Additional Resources: Website: www.theprogressivedentist.com

Craig Cody is a certified public accountant, Certified Tax Coach™, business owner and the host of the Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Craig discusses the new Section 199 Qualified Business Income Deduction, and he explains how small business owners of S-Corps, LLCs, sole proprietorships and partnerships can use it to get a deduction of up to 20% of the business's net income. Craig explains the difference between Qualified Business Income and Specified Service Income, and he shares how the 20% deduction begins to phase out at $315,000 taxable income and vanishes at $415,000 for Specified Service businesses like dental practices. Craig shares how appropriate planning can allow practice owners to get additional deductions if they are on the $415,000 bubble, by looking for ways to minimize their taxable income to fall within the Specified Service Income threshold. Craig explains why it is important to speak to your CPA and look for ways to reduce your taxable income so that you can keep more of what you make. He explains other tax deductions that you may qualify for including Section 179. Craig shares how goodwill works, and he explains amortization (a non-cash expense). He describes how goodwill can be amortized over the course of 15 years, and he shares how not amortizing your goodwill can cost you thousands a year. Craig explains why hiring your children at age 7+ and paying them a reasonable wage that goes into a Roth IRA can be a smart financial decision that can help lower your taxable income. Craig shares how paying your child through Schedule C will allow you to avoid paying FICA tax on their income. Additional Resources: Website: www.theprogressivedentist.com

On the first Business Brush of 2019, Nick sits down with Craig Cody, a certified public accountant who focuses on helping small business do their taxes as efficiently as possible. Cody explains how he runs his business to help other business owners keep as much money as they can at the end of every year. […] The post Tax Time All the Time with Craig Cody | S4E11 | THE BUSINESS BRUSH appeared first on Pro Painter Network.

Craig Cody Craig Cody is a seasoned New York City police officer turned CPA, Certified Tax Coach, business owner and author of the Amazon best-seller Secrets of a Tax-Free Life. “By having these conversations, we're able to point that out, “Instead of doing that way, do it this way.” And you save yourself some money.”… The post Craig Cody Strategic Tax Planning for Small Businesses | Ep. 214 appeared first on Bottleneck Distant Assistants.