Podcasts about tax advisors

On today's edition of Gibraltar Today-As Los Angeles wildfires approach the famous Hollywood sign, with Sunset Boulevard 'in ruins' … we touch base with Gibraltarian Hubert Valverde-the Chief Minister said the Government is consulting businesses about whether duty on goods should be paid at the point of importation or of sale. How might a sales tax work?-Chairman of the Gibraltar Association of Tax Advisors, Grahame Jackson shares his thoughts.-Do you have the attributes of a good mentor? The equality ministry's Marlene Dalhi will talk to us about the women's mentorship programme-And, are you trying to eat more vegetables in 2025?Romina Mayani Nankani & Katy Docker talk to us about veganuary & the appeal of a plant based diet Hosted on Acast. See acast.com/privacy for more information.

Why CPAs Aren't the Best Tax Advisors Ever met anyone that LIKES their bookkeeper? Our clients love us. Why? We save money AND provide great service. To learn more click the link - https://bigbirdaccounting.com

The Corruption Diaries is a journey through the eyes of anti-corruption veterans. Unique perspectives on combating one of the most compelling ethical challenges of our time.   Jack Blum is one of the United States' leading white-collar crime lawyers. He's specialised in investigating money laundering, financial crime and international tax abuse. We follow Jack Blum's career from a small town in the United States to Senate staff attorney, the United Nations, and the frontline of the battle against tax abuse and corruption.   Music is by Blue Dot Sessions under a Creative Commons CC BY-NC licence.

In this latest episode of the Main Street Business Podcast, Mark J. Kohler explores the benefits and processes involved in converting to an S Corporation. Learn how making the switch can save your clients money, the critical timelines for filing, and how the Kohler Payroll Matrix can guide setting reasonable compensation. Here are some of the highlights:Mark recommends converting to S Corporations when net income reaches $40,000-$50,000.Mark advises and breaks down how to convert an LLC to S Corp using Forms 8832 and 2553.How tax professionals can present the S Corporation strategy as a new tax-saving opportunity to clients.The significance of implementing payroll before year-end for retroactive elections.How to use the Kohler Payroll Matrix as a tool for determining reasonable compensation.Using retroactive S election with Rev. Rule 2013-30 for mid-year conversionsAfter-the-fact quarterly payroll recommended for flexibility. Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Curious what my new certification is all about? Learn More Looking to connect with a rock star law firm? KKOS is only a click away! Grab my FREE Ultimate Tax Strategy Guide HERE! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Socrates engages with Nick Kato, the fascinating and multi-talented founder of Leo Berwick, one of the fasted growing business tax advisory firms in the world. Socrates asks whether tax advisory firms add any value to the world, how Nick creates trust in client relationships, whether AI should replace Nick and all his colleagues, and whether you can be the smartest person in the room without letting anyone know. Nick also reveals what the next generation of advisors and professionals should fear, and what the future holds that they can embrace and be excited for.

Tomorrow, polling stations across the United Kingdom will open as the nation prepares to usher in a new prime minister. This is the first general election since a policy change in 2021 which removes a time limit on the eligibility of ex-UK residents. Paul Scully is a British former MP who served as a member of the Conservative Party from 2015 to 2024. He recently announced that he will not be standing in tomorrow's general election. We spoke to him about the elections as well as what brings him to Gibraltar. And, the Minister with responsibility for taxation wants to make it more costly for wealthy individuals to buy and sell multiple properties like a stock market. Nigel Feetham told Parliament there will be a new tax on profits or gains for investors with three or more properties in their portfolio. Graham Jackson of the Association of Tax Advisors and our reporter Ros Astengo were closing following Mr Feetham's speech. Hosted on Acast. See acast.com/privacy for more information.

Changes to tax thresholds will help deliver tax relief to three and a half million people from the end of July. Tax expert Robin Oliver says the brackets haven't moved enough. "They're nowhere near where they would be if the tax brackets were indexed for inflation - or for wages." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Changes to tax thresholds will help deliver tax relief to three and a half million people from the end of July. Tax expert Robin Oliver says the brackets haven't moved enough. "They're nowhere near where they would be if the tax brackets were indexed for inflation - or for wages." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Many thanks to Alexis Gallati, EA, MBA, MS Tax, CTC, CTP, Founder and Lead Tax Strategist Of Cerebral Tax Advisors, a company that specializes in advising medical professionals on efficient tax strategies that comply with IRS Guidelines. Alexis is also the author of “Advanced Tax Planning for Medical Professionals.” Alexis discussed strategies that physicians can take to optimize the tax code and limit their tax burden. These include putting aside money for retirement income, taking all allowed deductions, and even hiring their children so they can invest in their own IRAs! I didn't know that one could have a fun chat about taxes, but we did!  Please watch our 25-minute discussion and you may learn how to save money on your taxes! To learn whether you are a good fit to be a client at Cerebral Tax Advisors, go to https://www.cerebraltaxadvisors.com/AOM Thanks for watching!If you enjoy an episode, please share with friends and colleagues. "The Art of Medicine with Dr. Andrew Wilner" is now available on Alexa! Just say, "Play podcast The Art of Medicine with Dr. Andrew Wilner!" To never miss a program, subscribe at www.andrewwilner.com. You'll learn about new episodes and other interesting programs I host on Medscape.com, ReachMD.com, and RadioMD.com. Please rate and review each episode. To contact Dr. Wilner or to join the mailing list: www.andrewwilner.com To support this program: https://www.patreon.com/andrewwilner Finally, this production has been made possible in part by support from “The Art of Medicine's” wonderful sponsor, Locumstory.com, a resource where providers can get real, unbiased answers about locum tenens. If you are interested in locum tenens, or considering a new full-time position, please go to Locumstory.com. Or paste this link into your browser: ...

Welcome back to another engaging session of Tax Tuesday from Anderson Business Advisors, where your pressing tax queries meet expert insights! In this episode, host Toby Mathis, Esq., welcomes regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors. This week, we explore the benefits of strategic corporate partnerships in investments, the allure of residential assisted living businesses, and the unique tax considerations for collectibles like wine. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: If I purchase a vehicle in 2023, primarily for my business, is there a percentage I have to use for business versus per personal to deduct the amount I paid for I paid cash. and how will that affect other depreciation and such for my business? I guess I'm asking what is the best way to deduct this? -the better solution for our clients is often using just a standard mileage reimbursement and that or deduction in the case of a sole proprietorship. With bonus depreciation being reduced to 40% next year and 20% the year after that, then ending in 2027, what are the alternatives for investors who have been using bonus depreciation through real estate purchases to reduce taxable income? - the first step before you get there is you're doing cost segregation. I have an LLC C Corp with an accountable plan including medical reimbursements good. I have a high deductible insurance plan and an HSA better. Would it make sense to use the medical reimbursement from the C Corp for uncovered medical expenses instead of paying With the HSA, letting the HSA continue to grow? - So the simple, direct answer is yes and yes, you can do that. You can have the medical reimbursement and an HSA. I have owned a residence for 10 years. I lived in it for the first year and then rented it out. We have recently moved back into it and want to live there for at least two years so as not to pay tax when we sell it. I will potentially profit about 350,000 and am married. Is this a wise action of 76 years old? I plan on moving into our other rental at that time and perhaps selling it after two years there. - Remember you did rent it out for nine years. You had depreciation and if you didn't take depreciation you will be treated by the tax code as if you did. I am a real estate professional and bought many real estate homes the rental homes from 2018 to 2022. My account and encouraged me not to use my real estate professional status to depreciate faster. Now I regret it. Should I just do amended returns? I paid a lot of taxes that I could have avoided in those years. - There's a form 3115 and that has to be done on a timely file original return. So we can't amend and go back and do that. But what we can do is go back and look at the related cost segregations I have a partnership set up with my stock trading management company. Does it still make sense to distribute income to my trading management company, structured as a C-corp, for taxes if most of my trading gains this year will actually be long-term capital gains and therefore would actually be taxed at a lower rate than the corporate rate? - we don't know specifically with your situation, but more than likely there's still benefit to doing so. How do you determine the best structure for a residential assisted living business that will be located in Florida and Georgia, buying the home and running it to the business? –if we had the business and it owned the home, you always run the risk of having someone like me being in that business and I sue you and I take the whole thing. I take the house and the business. So we separate. What are the tax implications of investing in wine? This is for clint. Yeah, that's going to say it doesn't count if you drink at all. Right, all right. For example, like using a platform like vino vest, I made 20-something percent last year in my whiskey, yes, and I don't even drink much. Is One able to write off losses from the sale of wine or offset these losses against taxes owed? Any sort of tax loss harvesting way interesting. - this is a 28% bracket and it's called collectibles. This is gonna be your art, your fine alcohols and things like that, and so there actually is a unique category of capital gains for this… Is there a difference between filing taxes with an October deadline Versus an April deadline? If yes, what are the advantages or disadvantages of each? -we are always gonna recommend that you extend, and that would extend your April deadline out to October. Gives you more time to clearly see what's going on and it gives you more time to get all things properly put into place. Resources: Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-to-structure-a-residential-assisted-living-business Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons

Welcome to our last Tax Tuesday for 2023, where tax experts Eliot Thomas, Esq., Manager of Tax Advisors at Anderson, and returning guest Jeff Webb, CPA, CFO of Anderson Business Advisors share their expert advice on topics like crypto taxes, reimbursement for moving expenses if you're in the military, and investing in real estate with your IRA. You'll hear how to protect yourself when flipping houses, by creating the right kind of entity to hold those properties. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: "How can training costs including travel be tax deductible? If we got some costs regarding starting up our corporation, maybe some education or something like that, can we deduct it? If so, how?" - training costs can be deductible in certain cases. "We've been engaged two years. I want to get married in July of 2024. I make $85,000 a year, and he makes $120,000 with W-2 jobs. I'm wanting to become a real estate professional next year and make income from my for-rentals. Am I able to keep more of his income if we file jointly after we're married? What type of strategy would help him keep more of his money?" - There's a lot that can be done here - retirement plans, S-corp, hiring your spouse, etc. "Once the purchase of a property is finalized, should cost seg study process be started immediately after? And can you double dip the cost segregation process, meaning before and after upgrades/repairs?" - If I am not a real estate professional. If I do a cost seg, I might just be creating a giant passive loss that I can't use… "Does depreciation taken from a syndication have to be paid back when the property is sold?" - You will receive a K-1 from the partnership that is a syndication, and it will show your gain on the property. Yes, you're going to have to recapture. "Are there advantages of investing in trading securities, stocks, bonds, commodities, futures, et cetera, in an entity account rather than in an individual account? Any kind of benefits, maybe setting up certain structures for that?" – There is, and it primarily comes from income shifting. "How do we do real estate investing if we have an IRA fund?" - You can invest, but you cannot be involved in any way in the running of that property "When are crypto earnings taxed?" - It depends on where the income is coming from. "As a member of the armed forces, are my travel expenses from overseas location back to my property location stateside tax deductible? If we're doing some traveling there, we're in the armed forces, what can we do as far as any deductions if possible?" - If you have overseas travel on a change station, make sure you're seeing an accountant to do your taxes that knows what the heck he's talking about and what you're doing. "Is it better to have a separate entity for flipping, such as an LLC or corporation, or should I report it as an individual?" - do not flip in your own name. There's plenty that can go wrong… "I am a new real estate agent. Does the time I spend searching for a property in my local market, including travel time, and my family count towards the 750 hours needed to qualify for rep status, even if we end up not buying the property this year?" - first of all, we can't use travel time usually as far as rep status. "Is it possible, feasible, or legal to incorporate yourself and transfer all your assets to the new company while also deducting expenses used to support the new business, in other words, yourself?" - No, you can't make your personal expenses into business expenses. The real answer is just a flat-out no. Resources: Infinity Investing https://infinityinvesting.com/ Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-to-select-the-best-entity-for-flipping-houses Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons Youtube https://www.youtube.com/@ClintCoons  

In this episode, host Toby Mathis, Esq., welcomes regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to discuss several questions about taxation and S-Corps. Other topics include paying your children to work on your real estate properties, paying medical deductibles with your HSA, and of course minimizing capital gains taxes on stocks you've purchased. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is there any differences between bonus depreciation and 179 depreciation and, if yes, what are the differences? - They are completely different, though easily confused, and you can use them together. if I set up my LLC for real estate investing but I have not bought anything yet, can I ride off the courses I have enrolled in to educate myself and equipment? - if it is true investing, then probably you wouldn't be able to deduct. There isn't any place in the tax returns to deduct something like that. Can I run a payroll payroll for my son, who was 18 years old, to manage my real estate properties? What is the maximum amount that I can pay him to support me in my business? - There isn't necessarily any limit. It's just that, whatever you have to be reasonable for the services that the child is providing. Can you pay the high deductible health insurance premiums from the HSA? - you can pay ANY deductible out of an HSA. I'm a Big Dog and I have lots of questions about forming my LLC for a fix and split business and how to effectively write off expenses for 2023. I haven't set up my LLC yet and I'm in the middle of rehabbing a house that we won't be able to put on the market until next year. Is it too late to set up the LLC and get those write offs for this year? Does it matter if I'm not making any money yet? Should my LLC be filed as an escort? But I would have to be earning income and paying myself something, right? Can you explain how it all works? - So lawsuits are all over a place when you're rehabbing. So get that set up. All your costs that you're incurring are inventory, which means we don't get it deduct anything until a year you sell it. What are the benefits of taxing my beauty salon as an S-corp? -you can write off like the percentage of the use of the home under many different theories. You could be using net square footage, you could be using the room methodology, you could be using gross square, or whatever is your best interest. Can you roll over money from a current 401k account into a solo 401k account to invest in real estate? Can you please explain the taxes I would be responsible for paying on any gains made on a real estate investment using money in a solo 401k? - typically you can't move it if you're still employed. There aren't any taxes. what is the tax way to invest in the stock market and protect capital gains to minimize them? - we like to set up a partnership, put the trading into the partnership, and that partnership will be composed of a portion that goes to the individual, maybe 80, 90%, the rest to a C corporation. I own rental properties and manage them myself Currently. I don't need the income right now. That's a great situation to be in. What are some strategies to get that income into a retiring account such as a solo 401k, since it's not earned income? - if it's a rental, you're going to want to hit in your 1040, which means it's probably a partnership. I am looking for tax treatment benefit of a DST Stands for Delaware statutory trust, not a deferred sales trust, delaware statutory trust. It would be done through a 1031 exchange, so I understand that part, but it sounds like not only would I get a new depreciation schedule, but I get more. Granted, I should get more just due to the new asset purchase price. Right, what are the flags for a DST investment? - What are red flags? I think the things we always talked about is - it's just not very liquid when you have that Delaware statutory trust. Resources: Tax and Asset Protection Events Anderson Advisors Toby Mathis YouTube Toby Mathis TikTok Clint Coons YouTube

We uncover key insights about different financial advisors - what they do, what their limitations are, and how to know if yours are right for you.

In this episode, host Toby Mathis, Esq., joins regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to discuss several options that can protect homeowners and investors from paying exorbitant taxes on the sale of property. Eliot and Toby share important information and tactics for passive losses, installment sales, 121 and 1031 scenarios, Delaware Statutory Trusts, UPREITs (Umbrella Partnership Real Estate Investment Trusts), and opportunity zone funds. Highlights/Topics: Passive losses and gains Spreading gain over several years Can homeowners save taxes on the sale of their home? The 121 exclusion and its rules Changing your home to a rental property - 1031 exchange and the rules The DST Delaware Statutory Trust and 1031 exchange UPREIT- Umbrella Partnership Real Estate Investment Trust Qualified opportunity zones and qualified opportunity zone funds Recapping all the options Resources: Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-to-avoid-taxes-when-selling-your-rental-property Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to Episode 197 of the Tax Tuesday show. Host Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, welcomes CPA Kurt Bergfjord to help answer your questions. We send a big thank you to all our people online answering your questions today. Today Kurt and Eliot answer listener questions on tax liens and wholesaling. They discuss the complexities of property tax implications, the benefits of a C-Corp for property flipping, and the tax implications of inheritance. The episode also answers inquiries about home office expenses, the intricacies of short-term rentals in real estate, and running an active business in a retirement account. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: “Are there any tax implications for wholesaling and tax liens?" - Yes, tax liens can lead to property auctions, affecting real estate investment strategies. “When I pass on and leave property to my children, are there estate taxes?” - right now estate exemption for a couple is 25 Million dollars. Better to let them inherit than to gift it to them… "I own properties in two states… any restrictions on travel deductions?” - The IRS would say as long as your trip is more than 50% business days, your travel is 100% deductible. "We have 8 properties to sell, no longer want to be landlords…but we want cash flow” - Calculate the capital gains…pay or defer, use a 721 exchange to turn rentals into units in an investment trust, which provides more stable cash flow and hands off investments. "What is the right way to deduct my personal residency expenses, such as mortgage interest, mortgage insurance, real estate taxes, homeowners insurance, depreciation, so on and so forth? How do I do that? Through an accountable plan as an employee of my corporation, or do I do that tax time on my personal return?" - An accountable plan requires a separate dedicated office space/room in your home… “I own a single member disregarded LLC, which in turn owns a rental property. The rental property provides me with tax Tax deduction, mainly because of depreciation. If I were to take the property out of the LLC as an owner-drawer distribution, would I be liable for any capital gains tax or depreciation recapture?" - In this circumstance, if you're just pulling it out of an LLC that you own, that is disregarding to you, is not really considered a sale for the IRS purposes. “When you pay your kids, may that payment come from your personal bank account?" - Generally, it's advisable to pay from a business account for clarity and separation. "If I use a Sidra self-directed IRA to purchase short-term rental property, does that qualify for me as a real estate professional?" If I use the Sidra self-directed IRA funds plus a mortgage to buy a rental property, once the mortgage is paid off, is the whole property considered property of the IRA?" - No, activities in a retirement account don't qualify towards real estate professional status. If the IRA funded the purchase, the property belongs to the IRA. “What are the requirements to have a second home be considered a short-term rental? Will I be able to expense furnishing costs and other expenses? Also, how does cost segregation work in this situation? - If you're going to be using any property for more than 14 days or 10 percent of the fair market rental days out there one you have to allocate the expenses associated with the property between personal time and business time. “I formed my two LLCs last year but haven't funded them or used them in any way. I missed the tax return filing deadline this spring. Now what? File the returns and beg forgiveness to not have to pay late fees, close the business down, start over? So I got some LLCs set up not telling you anything about those LLCs, kurt, but I will tell you that I didn't file the returns. What am I going to do?” - How are these LLCs taxed? Knowing that answer will be the first step in determining what you need to do with your LLCs. Resources: Kurt Bergfjord LinkedIn https://www.linkedin.com/in/kurt-bergfjord-cpa-08873053/ Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Business Advisors LinkedIn https://www.linkedin.com/company/anderson-advisors/?originalSubdomain=fr Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to another episode (#197!) of the Anderson Advisors Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. On today's episode, Eliot and Toby answer listener inquiries including the requirements and tax implications for selling your home to a relative in installments, how to minimize taxes on profits from crypto-trading, and the pros and cons to investing in stocks within a Roth or Regular IRA/401K. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: "Is there a tax ramification of selling my personal home to my daughter via an installment sale? I have lived in the home for more than two years as a primary residence. Will I be able to still use their section 121 exclusion, even though I'm selling to a related party?" – You can sell to your daughter and still be eligible, provided we meet all the other boxes…You can sell to a related party, but you have to recognize all the gain up front. "I'm considering taking a small salary from my stock trading business. It's a dual LLC Partnership, which means a C-corp and a partnership through Anderson later this year if the C-corp ends up with taxable income. What are the tradeoffs of deferring that into a 401(k), both positives and negatives like income, payroll taxes, and benefit of paying those for Social Security calculation, et cetera?" - As Toby always says, this is a calculate, calculate, calculate moment. If you take it out as salary, then one consideration—there are a lot of different variables here—is your personal tax rate below 21%? "For our C-corp, we're aware that cleaning services of our personal residence can be deducted from our corporate taxes." It can? Well get into that. "Would the total expense of cleaning be a write-off or would only a portion of the total expense be a write-off since the entire house is not used for business? Would lawn services be treated the same way?" – if you are using part of it as a home office deduction or administrative office reimbursement deduction, either way, you can throw in an element for the cleaning… "When starting my Infinity Investing journey, should I start purchasing stocks inside of a type of retirement tax-deferred account of some sort, or should it be outside of that in order to use it for leverage or some real estate investing later?" - Here's the easy rule. If you're in a higher tax bracket than you will be when you retire, defer it. If you are in a lower tax bracket now than you will be when you retire, then put it in a Roth. "I have been learning and experimenting with earning dollars through crypto trading. Can you please tell me how to minimize taxes with profits earned through crypto platforms?" – we do the same trading partnership that we talked about earlier. Set up a partnership, put the account into that partnership. "My California CPA said that regardless of what type of entity I put my California rental property in, California will still want to get the $800 franchise tax board fee." The Board of Equalization fee. That's the minimum fee they charge. "Would that be true even with a Wyoming Statutory Trust?" - Chief Counsel's Office has already said it's treated as a business trust, and it's not taxable. It's not subject to the $800 a year, period, full stop. "Does a cash out refi adjust my basis and multifamily apartments? If not, how can we step up in basis before I sell if I have a lot of equity and depreciation already taken?" - Generally speaking, a refi, all you've done is you've changed your equity in your house into cash. You're just changing asset to asset. That doesn't change your depreciable basis in that property. "How does the Corporate Transparency Act impact the timing of real estate investment decisions from a tax efficiency perspective?" - It doesn't have any impact on your taxes whatsoever. This has nothing to do with taxes at all. I just wanted to get cleared out there for those who are listening. "In creating a living trust, is it necessary to pay capital gains tax on real estate assets as they are transferred into the trust?" - This is really simple too. There's no taxable transaction moving assets into a living trust. It's a revocable grantor trust. You haven't done anything in the way of taxes. "I have carried a $600,000 loss since 2011. I am a real estate professional with an S-corp. Is there an alternate way to use that? I can't live long enough at the $20,000–$25,000 max deduction." - You need passive income. You need lots of passive income to wipe out that passive loss. You want to recognize that passive income. You probably don't want to be a real estate professional. Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to podcast episode #196 from Anderson Business Advisors, and this week's edition of the Tax Tuesday show. Host Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, welcomes Kurt Bergfjord, Esq.,Tax Consultant for ABA and CPA for Entrepreneurial Business Services at Mazars, to help answer your questions. We send a big thank you to all our people online answering your questions online today including Dana, Jared, Ross, Tanya, Troy, all from different departments, bookkeeping, tax advisors, the nonprofit department, attorneys, etc.. On today's episode, Kurt and Eliot discuss the dos and don'ts of business partnerships and the best way to structure them, deducting medical expenses incurred outside the U.S. (along with what the IRS allows as an HSA reimbursement), and the usual array of questions around short-term and long-term rentals. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: "If bonus and accelerated depreciation were taken in 2022 via a cost seg on Schedule C, how many years does the IRS require that property to meet the active short-term rental criteria after the fact?” - There really is no requirement for you to keep it as a short-term rental from year to year to year. It's a year-by-year, a tax year by tax year determination. "We have a two member LLC taxes a Sub S or just commonly known as an S-corporation. Two members or two shareholders. Each member/shareholder contributed a substantial amount of money of capital over four years. They're putting a lot of money into this S-corporation, both of them, he or she. Can a member be bought out tax-free by the LLC by giving them a sell price in the form of capital distributions?" - It's really no different than selling any stock, subtracting the shareholder basis… "If a medical procedure is performed in Mexico, can you use your health reimbursement account from your C-corporation?" - The actual medical expense certainly could be deductible anywhere. But when we talk about other types of auxiliary medical expenses like lodging and things like that, that is where we have to be a little bit more careful about what deductions we're taking. No personal pleasure or vacation along with it. "Is there a list of IRS allowable health care expenses that can be reimbursed under Section 105 HRA (Health Reimbursement Arrangement), which is what we often set up with our C-corporations? There is a defined list of allowable reimbursements for HSA plans and FSA, cafeteria plans, but I don't see an IRS specific list for 105 plans. Does the employer have some latitude as to what can be reimbursed?" - Publication 502 will give you a list of commonly deductible medical expenses. "I purchased my first short-term rental property last year. I've spent a year fixing it up, but it's still not out as a rental. Can I write off my expenses from 2022 for a business that isn't making revenue yet? If so, how? There's no LLC started yet, so this would be on my personal taxes for now." - Usually we look at if its available for rent, but the organizational costs may be deductible. You will have to wait until it is rentable/placed into service to get all the expenses deducted. "I share ownership of a single family rental property 50/50 with a relative. The other owner has not been involved. If I buy her out, step up in basis, or if she passes her ownership share to me by gift, then will I be responsible if I sell the property down the road for any depreciation that she may have claimed on her tax returns while she owned it?" - There will be depreciation recapture, 1250 or 1245, and some capital gains tax when the partner sells their interest if they realized profit. If gifted, the recipient has to worry about depreciation recap later on upon sale. "Me and my partner purchased, renovated, and set up a property in Houston for short-term rental. We have a 50/50 LLC.” “We've never partnered before. How do we separate the expenses and income? How do we file?" - All income and expenses are reported on one return, a multi member LLC is taxed as a partnership, each partner will get a K1 form detailing your portion - use that on your personal return. "I'm a 77-year-old newlywed." Congratulations. "My husband has a trust for his family. Do I need one for my family, or is a will sufficient?" - A will can be contested and waste time and money in probate court. A living trust is much more clear and uncontestable. "I wanted to know if I can write off any stock trading education through my LLC if I pay myself a W-2, have 401(k) deductions taken out, and put into a self-directed Solo 401(k) plan. I am the only employee. I want to start learning about covered calls and so forth." - maybe set up a partnership "When you pay your kids to work in your business, is this only allowed with a certain type of business structure, such as an LLC versus a partnership?” - No matter what structure you can always pay your kids to do actual work, but some structures are more efficient, like disregarded entities. Come out to our June Tax Events Resources: Kurt Bergfjord LinkedIn https://www.linkedin.com/in/kurt-bergfjord-cpa-08873053/ Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events in June https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Anderson Business Advisors LinkedIn https://www.linkedin.com/company/anderson-advisors/?originalSubdomain=fr Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq

Welcome to another episode of the Tax Tuesday show. Host Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, welcomes Kurt Bergfjord, CPA for Entrepreneurial Business Services at Mazars, to help answer your questions. We send a big thank you to all our people online answering your questions today including Dutch, Sergei, Jared, Kurt, and many others. On today's episode, experienced tax advisor Kurt Bergford and Eliot discuss the three capital gain tax brackets, tax tips for real estate investors, S-Corps and LLCs, and financial planning strategies for families. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: Is it true that you don't pay capital gains or dividend taxes if you make less than $40,000? If your total combined income is under 40K, there are no such taxes. I've been contributing to an HSA for several years. Can I withdraw funds from an HSA for prior medical expenses without a penalty? If so, how far can I go back? - as long as you have receipts, hold on to them and get the reimbursement in later years. Filing out state taxes. What are the pitfalls? Do we have to submit a whole state return if you have an investment in that state? - Your ‘resident state' will tax your income from other states. You may have to file a non-resident income tax return in other states. Our LLCs, taxes of Partnership sold five long-term rental properties and it acquired one new rental property in a 1031, light, kind exchange. The original LLC still owns additional properties. How soon can we move the newly acquired property into a new LLC to be taxed as an S corporation? - Its not so much about the time frame but moving from one taxpayer to another ..it may disqualify your 1031 We decided to be treated as an S corp. I've heard that we need to determine our W-2 salary based on our level of engagement each of the members have in the business. How can we determine our percentages? - To determine the percentage of ownership in an S Corporation, consider factors such as comparable technical knowledge, experience, and the average wage for the role. I'm thinking of transferring my primary residency into an LLC that I own and turning it into a rental. Can you explain how I should make the transfer so that I can get the 121 exclusion and have higher basis for the property in the LLC? - The 121 exclusion can be utilized by selling the primary residence to an LLC taxed as an S-corp, allowing for rental property depreciation. Can you speak about how options are taxed… would I pay capital gains on the spread or the total I received? Is it a capital loss? Is the cost basis lowered? Brokerage displays a lower cost-basis…This is difficult and complex…the credit spread occurs when you sell at one strike price, and buy another at different strike price… Do you recommend putting a flip into an LLC, If we buy and hold, later decide to sell, how does one change the LLCs, and how important to have the same address on the LLC… Living Trusts- should every property be included? Would you add homes if you're only going to have them for 6 months. – Yes, if you're flipping, don't put it in your name. We want liability to stay in the LLC. You can use the same name but we don't recommend it. Filing my 2022 as an S-Corp, my CPA recommended a profit-sharing plan, can I put it into a SEP-IRA, which do you recommend? - You need earned income from the business. I heard I can pay my kids without tax implications, what can I pay them? - Great strategy, put them to work, it's a tax deduction to your business. They need to do actual work. In 2023 it should be lower than their standard deduction of $13,800. Rapid-fire chat questions answered at the end of the show Resources: Kurt Bergfjord LinkedIn https://www.linkedin.com/in/kurt-bergfjord-cpa-08873053/ Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Anderson Business Advisors LinkedIn https://www.linkedin.com/company/anderson-advisors/?originalSubdomain=fr  

Welcome to another episode of the Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. On today's episode, Eliot and Toby answer listener inquiries, including a mother and son who want to set up an e-business together, a question about filing an extension for your taxes, which is almost always a good idea, and a question about writing off a pool that is required for a medical condition, (which is a surprisingly common question!) If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: I had to put more money into my LP for stock options trading- what is the easiest way to handle this addition to my LP? - You can put cash in, or capital contribution - there are no tax implications putting money in, or taking money out. Is it a good practice to file an extension? Yes it is - if you rush, you may have to do an amendment…it gives you time to breathe. I don't know any instance when it is a bad idea. If I plan to leave investment property to my children, is it better to purchase and leave it to them in trust, or put their names on title? - They may have stepped up basis issues later on. I don't recommend gifting things when you are still alive. If the kid is on the title, the child could have liability issues, and you lose the step up in basis. No activity in LLC for 2022- Do I need to file tax forms? - if its a partnership and absolutely no transactions, file a ‘no activity' return. S-corps and C-Corps must file. What is bonus depreciation on residential property? Is there a disadvantage for carrying forward a large loss? - Bonus depreciation is just the ‘speeding up' of straight-line depreciation. No real issues with carrying the loss forward…but it depends on your income. What is the best tax structure to set up eBusiness, for a co-owner son and mom - S or C Corp have better tax options than a partnership? Is mom materially participating? Pool installation for minor son, is it possible to do a tax deduction? - if it is for medical reasons, it is a possibility. You must document that this is the only option. 1099 income, how much to contribute to solo IRA/401K? Employee and employer contributions? – There is a calculation, and a maximum of 66K in 2023, yes, you can- but I wouldn't. Talk to your tax professional Federal tax rate for capturing depreciation on property from a previous 1031? - if its 1250 real estate, or 1245, in order to figure this out you have to do a cost seg. My AGI is 300K, I gifted to charity 90K – and thought I could also gift 90K in non-cash. Tax preparer said non-cash giving. - There is a 60% limit for cash donations. Non-cash has different limitations, depending on the non-profit. My only source of income is from 4X trading, 5K trades a year, 10 hours a day, what are the benefits in creating an entity to pay less taxes? I'm borrowing 15-30K, usually paying interest of 2K a month. - You want to have a note, and records of the interest. A C-corp would allow for some deductions and reimbursements, and be able to write off expenses.  Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to another episode of the Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. Even though it's tax season, we have nine Anderson staffers on board to answer your questions On today's episode, Eliot and Toby answer listener questions including inquiries about purchasing a bar/restaurant and all the aspects you need to take into consideration around this difficult industry, a few questions (as usual) around rental properties and when/if you can take deductions and write off losses, and an interesting code question about oil and gas and intangible drilling costs (IDC). If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: If you have a corporation with your children as board members, can you write off vehicle, maintenance, and gas? - If they are not employees, they are eligible for “reimbursements” not written off as business expense. Spouse and I are filing joint 2022 return, she had a $6000 W2, can I make a $3000 contribution, or must it be made to her IRA because it's her W2? - If you made less than the $13K deduction, no taxes are owed. If you contribute to a Roth, no taxes…. Can you discuss Tax benefits of retirement funds to fund/start/loan my business? - buy shares of a C Corp with your retirement fund. Tax effects of intangible costs for oil and gas? - IDCs can give you a 100% deduction in certain cases Paid kids $12K for my rental business, should I issue a 1099? If its disregarded or a partnership, kids under 17 can be issued a W2, if under age 18 no taxes due. Bought a house in 2022 with plans to rent, still working on repairs, do I get tax benefits for this project? - No, it has to be placed into service to be eligible for losses/expenses… How do I do cost seg if I purchased and rented out in 2022? Accelerated depreciation? - Cost seg is all about depreciation, yes you can do it to take advantage. Once cost seg is done, extend until Oct 15. I purchased Airbnb 2022, and put into use same day, purchased furniture/renovated, my accountant says I have a loss and am unable to do bonus depreciation? – There are other factors, but did you materially participate? If so, yes that is ordinary loss. When should I file as S-Corp instead of disregarded entity? not single entity…. - Don't put real estate rentals in a corporation, when you take it out it's taxable… Is there an AGI limit for claiming passive losses on a return? - If you have rental activity, under $100K, you can write off $25K. Can they be carried forward? How to claim next year? - Yes, passive losses can be carried forward as “suspended”. I'm considering purchasing a bar/restaurant in FL, already established but not doing well, what should I consider before doing this purchase? - Are you buying the assets, or the entity that owns the bar - if the entity, you may inherit any legal issues and no depreciation. If you buy assets, you can depreciate assets at the price you paid. Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to another episode of the Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. We send a big thank you to all our people online answering your questions today - Patty, Dana, Dutch, Jared, Kurt, Ross, Tanya, and Troy. On today's episode, Eliot and Toby answer listener questions including inquiries about wash sales, what taxes apply to inherited stocks and real estate and the appreciation on inherited real estate, buying vehicles and how much is deductible and when, and setting up a brokerage account for a charity so it can receive donations of stock. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: If I have a company and want to loan money to another company using a promissory note, but I don't want to charge them interest to do so, are there any tax impacts to my company? What is the recommended way to do this if so? – if it's over $10,000 we got to charge interest to what it boils down to. Do you need to pay both capital gain tax and estate tax for inherited stocks? – Well, typically, if you inherit something, you're not going to pay any tax because of the approximately $12 million lifetime exclusion. If the gift or inheritance was over $12 million, in this case, you're going to receive stocks at stepped-up basis. Does real estate appreciation restart for 30 years after inheritance? Will real estate appreciation be re-depreciated? – I think what they're trying to get to here is will you be able to depreciate again at 27 and a half years if it's a long-term rental and yes, you will. I have an IRA owned single-member LLC that has invested in three syndications. Two of the three have losses over the last several years, which means it's just kicking down passive losses, it doesn't mean you lost money. One was sold last year and has profit, which is fairly common. Do you use a 990T to report both losses and profits? I don't have to report profits or losses on my 1040, correct? - You don't have to report it on your 1040 because it's all in your retirement plan. Does the holding period for real estate start on the acquired date or the place in-service date? If bought in November 2020 and placed in service, placed in service March 2021, sold December 2021, is this long-term or short-term capital gains? - It's going to be long-term. We're going to go from the date where you closed, that's where the holding period starts. When will we recoup the loss from a wash-sale if we're no longer investing? - We wouldn't run into a wash-sale in this instance because you sold the stock, you take your loss, it's only if you buy back stock or a similar security that you would run in a foul of the wash rule within 30 days of it. When bonus depreciation goes away, what will be the process for cost segregation? How is it calculated and how much will be allowed to be deducted at what time or intervals? - we still can do cost segregation which is just an alternative, We're still going to deduct it. It's just how much is going to go into that 5-year property pile, the 7, the 10, 27.5. I have a 501(c)(3) that I started with Anderson—Kareem and his team are killing it by the way. It is ridiculous. The average wait time to get a nonprofit exemption certificate approved by the IRS is right around seven to nine months. We've been getting them, in some cases, in a matter of days. I was wondering if you were to donate appreciated stock to the charity, how to donate that to the charity properly and how do you record it as a personal donation, with appreciation? Does the charity need to start a brokerage account to receive this stock? – We certainly want to set up a brokerage account in the charity because when it receives that stock, they'll have a place to put it. Should I set up a C-Corp LLC for land flipping business even if I just started, no deals yet? Should I start with the pass-through first then change to a C-Corp once I get more volume? – I would set that C-Corp so you can start building up losses and expenses in that C-Corp. When you flip it and you have that gain come in, you're automatically offsetting against that gain. When you buy a bigger van for the business, do you depreciate it or show it as an expense on the year you buy? Where do I find a list of business expenses that are 100% deductible and other expenses are not? – Well first of all for the van itself, how you're going to depreciate depends of course on the size if it's over 6,000 pounds, etcetera. You probably got bonus depreciation a lot more of it. It may not be 100% anymore, but we probably solved the 80% going on. Is there a maximum number of LLCs that I can use for the IRC-280A deduction? I have two LLCs and I was wondering if I can take the deduction for both? Also, I have a nonprofit and was wondering if I could also have meetings for a nonprofit and the fee for using the space would be a donation from my LLC? - Well, 280A is a provision, it actually comes under a section that is dedicated to not letting you deduct personal expenses in your house particularly. – if you donate $10,000 to your nonprofit, is that the nonprofit can use it for nonprofit purposes. How do adjusted gross income AGI levels affect capital gains? Is it true that AGI below $76,000 will pay no capital gains? - Actually, AGI doesn't have anything to do with this. It's taxable income when we talk about the brackets for capital gains. The $76,000 is an old number. It's approximately $83,000 I think this year. I'm opening a new IRA that will be managed by an IRA with custody TD Ameritrade, it will be funding a new IRA from existing IRAs, so it sounds like a rollover from the same custodian. I have a Wyoming LLC Anderson just set up. Should I open the new IRA in the name of the LLC and will it be a problem moving funds from a personal IRA that is titled with my name? - You can roll one over into the other, but what caught my attention was this Wyoming LLC- you can't just have that connected to a retirement plan. Your IRA needs to set up its own LLC that it owns, and then it can transfer funds into that LLC and go do investing in real estate or what have you. But you do not want to take some other outside LLC that we set up for you and connect that with your IRA, we're not allowed to do that. Rapid-fire chat questions answered at the end of the show Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

Welcome to another episode of the Tax Tuesday show. Host Toby Mathis, Esq., joins our regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to help answer your questions. We send a big thank you to all our people online answering your questions today - Troy, Tanya, Sergey, Ross, Kurt, Kenny, Jared, Dutch, Dana, Patty, and Matthew are all on. On today's episode, Eliot and Toby answer listener questions including a very detailed question on inheriting rental properties, a question on crypto-currency and taxes, one on hiring and paying your children, and we answer the title question on structuring small businesses using an S-Corp. If you have a tax-related question for us, submit it to taxtuesday@andersonadvisors. Highlights/Topics: "What is an installment sale on real estate? How do you utilize it within the tax code?" - An installment sale simply means that you're getting payment over more than one year. It could be for two years, it could be for 20. "What happens to accumulated depreciation on rental property when the owner passes away? Does the person inheriting the property need to account for depreciation recapture from the deceased owner when you later decide to sell that property? If the person inheriting the property gets a step-up in basis, does that new basis now become the basis to calculate depreciation on if you keep the property? Can the person inheriting the rental property also have a new cost segregation done? And would that be affected by any cost segregation done previously? Any other tax considerations to be aware of when inheriting rental property?" — It goes away.  Don't gift it to your kids before you die! Your new value “step up in basis” is what you calculate from.  New cost-seg, yes, nothing relates to the old cost seg. "I received a 1099 INT from a bankrupt crypto company I invested with called Celsius." The money on the 1099 never touched my bank account as it is currently locked in a crypto wallet on their website for the last eight months. It was interest from USDC coins I staked, but I left it all in the wallet to reinvest. Am I supposed to pay taxes on this money that I never received, or can I leave it be and ignore it until the bankruptcy is resolved?" – you need to report it and you need to pay tax on it. "How does the tax law treat the hiring of children by an LLC? At what age can they be hired? Which circulars discuss this?" - when they're under 18, no Social Security, no Medicare taxes on those, but they must be paid by an LLC that's owned by mom and dad if it's a disregarded LLC or a partnership, and they have to be paid as W-2 employees. "I'm using the home office and depreciating part of the house. How will it look on the taxes that the year I sell it?" – I like using the administrative office in the home and having an S-corp, a C-corp, or an LLC taxed as an S-corp or a C-corp, reimbursing me for the value of my space because then I don't have depreciation recapture. "Are there any tax deductions for real estate held in a self-directed IRA?” When you see SDIRA, that just stands for self-directed IRA. - you're going to lose out on those big things like depreciation, et cetera, so no tax benefit. “I was hit hard with UBIT inside my Roth, where I owed $200,000 on a $400,000 gain. The company is no longer in business, trying to scratch back any part of the UBIT. Is it possible that it happened?”-- It was leveraged. Valerie, this is unrelated debt financed income. Yes, there is something you can do. "Can you explain S-corp taxes with shared distribution? When it's time to file taxes, do we pay taxes on all shared distributions?" Do you have to pay taxes on everything you receive or just the profits, et cetera? - An S-corp has two primary ways of getting paid as an owner, shareholder. One would be W-2 wages and the other is all the other income. "I started in LLC, C-corp with Anderson advisors on October 22 for real estate. I have paid $20,000-plus in networks, education, probably getting training. I did not do any deals and 2022 for my new real estate business. Can I still write all that off for the business? I have used my personal credit card to make purchases for the new REI business, real estate business. Since I do not have a business credit card, did I break the corporate veil?" – Yes, you can deduct those expenses. They are going to go on your C-corporation. If they were incurred prior to the date of incorporation, there'll be what we call startup costs. What org structure for small business is audited the least and provides the lowest tax liability?" – That's going to be your S-corporation, typically. It's going to give you a lot of deductions and reimbursements that you can take advantage of. "How do I best utilize my C-corp status for tax savings and investing in real estate? We have my 1099 paycheck going to our C-corp bank account and then pay out about half of it to our personal bank account as a paycheck. How do I utilize the other half that's sitting in the C-corp accounts, such as to buy new short-term rental or long-term rental investment property?" - the C-corporation, before you do the loan, you can take a lot of reimbursements—accountable plan reimbursements, corporate meetings for 280A, medical reimbursements. That all gets some money out to you tax-free deduction to your C-corporation. Get these first, then take a loan. Rapid-fire chat questions answered at the end of the show Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors YouTube http://aba.link/youtube Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq  

In this podcast episode, Randy Wilburn sits with Mike Woeber, Co-Founder of Corporate Tax Advisors (CTA), to discuss how design firms can learn how to qualify for R&D tax credits and maximize their business growth to unlock potential savings. When Mike Woeber left his career at Ernst & Young, he became a tax partner. In the process, he discovered the lucrative, yet often overlooked, Research and Development Tax Credit, which he and his partner Dawson Fercho used to develop relationships with nationwide clients and save them millions of dollars in taxes. You will learn how your Design Firm can qualify for R&D tax credits and maximize your business' growth to unlock potential savings."I always encourage firms in this space to think about the things they're being hired to do. And when you look at those things, what are their technical elements? What kinds of people do you have to hire and have on your staff to be able to solve the problems that your customer has?"Mike Woeber is the CEO and founder of Corporate Tax Advisors (CTA). This nationwide tax credit advisory firm has helped clients save over $75 million in tax credits since its founding in 2012.Mike Woeber began his career at Ernst & Young and built a strong foundation in the income tax world. After working his way up to a tax partner for a local firm in North Alabama, Mike learned a lot about the R&D tax credit and how it applied to the aerospace and defense industry. After meeting Dawson Fercho and forming a friendship, they decided to create CTA to focus on building relationships with their clients. After nine years, CTA has built a practice with a nationwide client base, helping companies from Miami to Anchorage save millions in taxes. Mike educates his clients on identifying which activities qualify for the R&D tax credit and how it can save companies money in the long run when recruiting and retaining talented people.In this episode, you will learn the following:1. How can companies leverage the R&D tax credit to reduce costs and attract talented employees?2. What are the four-part test qualifications that must be met to claim R&D credits?3. How can businesses identify and differentiate between activities that qualify and do not qualify for R&D credits?All of this and much more on this episode of The Zweig Letter Podcast.Connect with Corporate Tax Advisors:Corporate Tax Advisors WebsiteCorporate Tax Advisors on LinkedInCorporate Tax Advisors Case StudiesMike Woeber on LinkedInResources:Get your FREE Subscription to the Zweig Letter Newsletter.Other episodes you'll enjoy:Mancini Duffy is a Triumvirate of Excellence in the Design Industry

Show notes: thetaxprofessionalspodcast.com/TTPP67Subscribe: thetaxprofessionalspodcast.com/subscribeMBL Webinar: MSC Rules from Start to Finish - A Risk Management Guide for Tax Advisors & Accountants by Jack BonehillYou'll Learn9 tips to help you deliver impactful, memorable, and engaging tax webinarsTip 1: Tell people what is coming up and what they can expect to learn (5:30) Tip 2: Use the notes section within PowerPoint to add prompts/scripts(9:00) Tip 3: Make sure your slides are simple & visual(13:15) Tip 4: Break down complicated information into bitesize chunks – almost always needed when talking about tax rules or legislation!(16:15) Tip 5: Ask polls/questions to make the webinar interactive and keep attendees engaged(18:30) Tip 6: Tell relevant real stories(23:30) Tip 7: Do live demos through sharing your screen(25:15) Tip 8: Set exercises to do during the webinar(26:30) Tip 9: Tailor your language and presentationResourcesMBL Webinar: MSC Rules from Start to Finish - A Risk Management Guide for Tax Advisors & Accountants by Jack BonehillTax Research MasterclassStoryworthy by Matthew Dicks: Engagement, Teach, Persuade and Change Your Life through the Power of Storytelling (book)

En la edición AM, hablamos con Christian Blanche, Gerente de Tax Advisors, y con Pablo Celhay, académico del Instituto de Economía UC.

En la edición AM, hablamos con Christian Blanche, Gerente de Tax Advisors, y con Pablo Celhay, académico del Instituto de Economía UC.

On this episode of the NoteWorthy USA Podcast I'm joined by my good friend Jose Ramirez of Advanced Tax Advisors. Jose runs an accounting firm that specializes in working with real estate investors around the country. If you've been looking for a quality Tax Advisor, this is an episode you won't want to miss. We talk bonus depreciation, rentals, notes, personal development and more. We'll also be doing a webinar with Jose in December that you can register for in the link below. Please don't forget to give us 5 stars if you're enjoying the show and share it on your social media if you're getting value. Attend NoteWorthy's Note Investor Summit Subscribe to NoteWorthy USA Newsletter https://noteworthyusa.com/monthly-webinar-series/ Connect With Jose Ramirez https://www.instagram.com/chieftaxstrategist https://www.instagram.com/advancedtaxadvisors

Friend of the show, Pankaj Jain from Ask Pankaj Tax Advisors, UAE spoke to TSB about the Ministry of Finance amending the VAT treatment for workmanship services when supplying gold and diamonds. Hosted on Acast. See acast.com/privacy for more information.

This week when is a subdivision an undertaking or scheme? 72% of NZ tax advisors say it's time for a capital gains tax Inland Revenue wins an international tax award Taxes and the voting age

11.1.22 - Stephen Zogal & Doug Thomson with ATR Tax Advisors - Veterans Air   Our friend Stephen Zogal talks about the recent changes to the 2021 tax laws affecting veterans   About our guests Stephen Zogal, EA Canidate Doug Thomson, CPA   Anthis, Thomson & Roddy 13910 Champion Forest Dr., Suite 200 Houston, TX 77069 szogal@anthis.com www.anthis.com cell: 479-430-8480 office: 281-299-3400 fax: 281-823-7501   Veterans Air is sponsors by Andrea Corpening with United Healthcare/Medicare Solution Contact her today - 281-773-6239   Sponsor this show - lscrstudios@gmail.com ----- Check out past shows: https://irlonestar.com/va/ Check out our website: http://www.veteransair.us Contact The Show: douglasb@VeteransAir.us ---- This show is owned and produced by Lone Star Community Radio. For more information on sponsorships and other shows, please visit them online at https://irlonestar.com

Jordan Wilson, Corporate Tax Advisors (North Fulton Business Radio, Episode 554) Tax credits were the theme in this edition of North Fulton Business Radio, as host John Ray welcomed Jordan Wilson, Corporate Tax Advisors, to the studio. Jordan discussed the employee retention tax credit (ERTC), R&D tax credits, misconceptions about each of these credits, eligibility, […] The post Jordan Wilson, Corporate Tax Advisors appeared first on Business RadioX ®.

Jordan Wilson, Corporate Tax Advisors (North Fulton Business Radio, Episode 554) Tax credits were the theme in this edition of North Fulton Business Radio, as host John Ray welcomed Jordan Wilson, Corporate Tax Advisors, to the studio. Jordan discussed the employee retention tax credit (ERTC), R&D tax credits, misconceptions about each of these credits, eligibility, […]

Would you like to prevent paying a preparer penalty? Paul Hamann of RCReports will tell you how. In this episode, Dan and Paul discuss exactly what reasonable compensation is and why it's important for every tax professional and business owner to understand. They examine some real cases involving reasonable compensation issues and how the tools and resources provided by RCReports became crucial to winning the cases in the clients' favor in an IRS Exam.   Key Takeaways: - How implementing RCReports into your practice can substantially increase your value and cost of services - How to avoid a preparer penalty - Understanding the multitude of tools and resources RCReports has available - What new services you can provide after adopting RCReports into your practice   RC Reports is offering a special $200 off during the month of July! Use the link below to register for this special limited time offer. tra.rcreports.com   Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 80,000 tax advisors and valuators on the topic of Reasonable Compensation and has been published in numerous national and state journals. Paul, along with other experts in their own fields founded RCReports in 2010. RCReports cloud software determines reasonable compensation for Closely-Held Business Owners and is used by CPA's, EA's, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client. When Paul isn't in the office, he enjoys spending time with his wife and two chocolate labs, hiking Colorado's backcountry or paddling its scenic lakes and rivers.   The IRS Whisperer podcast is dedicated to helping you develop an efficient and profitable IRS Representation practice. Be sure to subscribe on your favorite podcast platform so you don't miss an episode.   Do you have some feedback or questions about this episode? Leave a note in the comment section or reach out on social media: Facebook: https://www.facebook.com/IRSWhisperer Instagram: https://www.instagram.com/irswhisperer/   The IRS Whisperer is powered by the Tax Resolution Academy® - a digital community for tax pros seeking support, educational materials, and up-to-date instruction on IRS representation cases. Learn how to grow your firm, operate more efficiently and profitably, and provide the best possible representation to your clients. To learn more or join, go to https://community.taxresolutionacademy.com/ctr

In our conversation with Alexis Gallati, owner of Cerebral Tax Advisors, she uncovered what makes using a physician-specific and small business-oriented tax planning strategy one of the most advantageous financial decisions you could make this year. She grew up in a family of physicians, as her father is a neurologist, and her husband is a neurosurgeon. She understands the tax exposure that only physicians with multiple sources of income face, and how small business owners have an advantage to different tax credits, deductions, and strategies based on how income is sourced. You'll be well educated in this episode of how Alexis and her team strive to create a white-glove experience for each and every client, as she only takes limited new clients each year. She's well versed in some of the solutions I also add as part of my planning practice, so she really knows her stuff! Please give this episode a listen and reach out to her or me for your next planning conversation.Alexis's website: www.cerebraltaxadvisors.comSchedule a meeting: www.cerebraltaxadvisors.com/contact --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

En la edición PM, hablamos con Juan Carlos Larreboure, Gerente de Negocios MBI, y con Christian Blanche, gerente general de Tax Advisors.

En la edición PM, hablamos con Juan Carlos Larreboure, Gerente de Negocios MBI, y con Christian Blanche, gerente general de Tax Advisors.

With us today is Catherine Tindall, CPA and partner at Dominion Enterprise Services, a concierge tax advisory practice. With all the recent and upcoming tax changes, I am excited to talk to an expert that can help us, not only stay informed, but also provide some insight into how we can reduce our overall tax burden. Show notes at REIMastermind.net

With us today is Catherine Tindall, CPA and partner at Dominion Enterprise Services, a concierge tax advisory practice. With all the recent and upcoming tax changes, I am excited to talk to an expert that can help us, not only stay informed, but also provide some insight into how we can reduce our overall tax burden. Show notes at REIMastermind.net

Matt Goolsby is joined by financial advisor Larry Kloefkorn to discuss the impact social security could have on people born in 1960, and then they're joined by lead CPA of Market Tax Services, Joshua Cicora to compare and contrast tax advisors and tax preparers. Afterwards, Matt and Larry examine Variable annuities in the Find the Fees segment. Matt is then joined by Bill Vawter, of Market Medicare Advisors to

Alex Sonkin founded the Due Diligence Project, the Virtual Family Office Hub, and originated the idea that sparked GoMacro. The Due Diligence Project is an open-source, global community of 500+ peer-selected CPA Firms, Law Firms, Family Offices, and Specialists who participate in a revolutionary vetting system to independently analyze, rate, rank, and make ongoing improvements to sophisticated tax strategies and world-class resources designed for the most discerning Tax Advisors and CPAs on the planet.What you will learn from this episode:What were some of the highlights and topics he was most excited about for the Due Diligence Project Summit 2021.What each of the four sessions was about and what the participants learned in each one.What are the processes for someone that wants to become a resource for the Due Diligence Project.How he created the ‘Amazon for Sophisticated Tax Planning' and what got him there.What opportunities he sees for the future due to this new virtual model.What were some of the highlights of the roundtable discussion and what he was looking to accomplish.How winning is important to him both professionally as well as on a personal level.When the next DDP Summit is scheduled to take place.Connect with Alex SonkinLinkedInLearn more about The Due Diligence Project™ at:https://duediligenceproject.com/

Tom and the team started the show helping a gentleman from yesterday with transmission troubles now dealing with a stolen car, continued talking to a tax advisor, and finished talking about back pain.

Alex Sonkin founded the Due Diligence Project, the Virtual Family Office Hub, and originated the idea that sparked GoMacro. The Due Diligence Project is an open-source, global community of 500+ peer-selected CPA Firms, Law Firms, Family Offices, and Specialists who participate in a revolutionary vetting system to independently analyze, rate, rank, and make ongoing improvements to sophisticated tax strategies and world-class resources designed for the most discerning Tax Advisors and CPAs on the planet.What you will learn from this episode:What the future holds in terms of how successful business owners and families truly want to engage with their CPAs and their supporting team of specialistsSome of DDP's biggest success stories from this past year - a newly minted BILLIONAIRE featured on the cover of Forbes magazineWhen the next Due Diligence Project Summit will take place and what to expectWhat unique value a VFO (Virtual Family Office) provides and understanding the difference between a virtual CFO, your local CPA, and a VFO.What the entry-level is for someone who's interested in working with the Due Diligence Project.Connect with Alex SonkinLinkedInLearn more about The Due Diligence Project™ at:https://duediligenceproject.com/

This week Jackie and Monica dive deep into taxes. How is tax preparation different from tax planning? Plus, Robo Advisors sound convenient, but they miss out on the most important detail of financial planning. 

Sharon Yip joins me to answer listener questions about crypto taxes. As a fellow crypto addict like the rest of us, I couldn't think of a better person to give honest feedback about what we're all facing in the states. Enjoy! Sharon's Socials: Crypto-taxadvisors.com https://twitter.com/CryptoTaxAdvice You can support the show at: BTC: 39v3yrPDqm61LtyknESDAyAmGUGyuW3Kc1 ETH: 0xe5DCA0e80BF96Cb43fdb0d033a65461c8F8f9988 NANO: nano_3qrknjfmy33jspmzbssrbpskzdi8qibq9zztr6rn7kx8ai3yzyb8569fmfpf Patreon.com/keywordcrypto Commerce.coinbase.com/charges/5LPM74N9 Socials: Website: keywordcrypto.com Facebook: facebook.com/keywordcrypto Twitter: twitter.com/keywordcrypto Linkedin: linkedin.com/in/keywordcrypto/ Youtube: youtube.com/channel/UCM3Bjx7GZvA6PRGQx269QnQ Intro Song: Chinatown - The Velocet *NOT FINANCIAL ADVICE --- Support this podcast: https://anchor.fm/keywordcrypto/support

The responsibilities of a tax advisor are no longer limited to a simple income tax return. It’s about consistently making informed decisions throughout the year to optimize your tax picture. In this episode, David Vallieres is joined by Jordann Andrusiak, and guest Dennis Wolgin, tax consultant at Schlaupitz Madhavan, P.C. Join them as they discuss … Continue reading The Synergy Between Financial Planners and Tax Advisors – With Dennis Wolgin →

Julio Gonzalez, Founder, and CEO of Engineered Tax Services and Host of the CPA Leadership Podcast interviews Drew Edwards from International Tax Advisors.

Jason interviews Robert about the SECURE Act. Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler  & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 250 favorable private letter rulings including several key rulings of "first impression." He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 25 years including the AICPA's: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute and is currently the chair of the AICPA's Advanced Estate Planning Conference. To learn more visit: keeblerandassociates.com

About the Show: In this episode of the podcast, we sit down with Dawson Fercho from Corporate Tax Advisors to discuss the tax implications and options for Design Firms to take advantage of the Research and Development Tax Credit. This is usually a tough topic for firm leaders to wrap their heads around but Dawson and his team of experts know what to look for and can help you and your firm take advantage of every tax credit available to your firm.  Don’t leave any money on the table.  Listen to this episode and take notes. You may be surprised by your findings after listening to this podcast and when all else fails just reach out to Dawson and Corporate Tax Advisors for an initial evaluation to see what options your firm has.  We will also post a transcript of this episode which you may find helpful as well. Remember, if you contact Dawson and Corporate Tax Advisors be sure to let them know you heard about them first here on the Encourage Build Grow podcast. All of this and more on this episode of Encourage Build Grow   Important Links and Mentions on the Show: Dawson Fercho on LinkedIn Corporate Tax Advisors on LinkedIn Corporate Tax Advisors Website *Note: some of the resources mentioned may be affiliate links. This means we get paid a commission (at no extra cost to you) if you use that link to make a purchase. This episode is sponsored by: AECJobBoard.com Email randy@encouragebuildgrow.com to learn more about sponsorship opportunities. Connect more with Encourage Build Grow: Join our Email List! Email Us Randy@EncourageBuildGrow.com Connect With Our Facebook Page  Connect With Our Twitter @RandyWilburn Connect With Our Instagram @RandyWilburn

We created the very first episode of 0100 Conferences Podcast. Elbruz Yilmaz, Investment Director @ 3TS Capital Partners together with Günter Oszwald, Partner @ Mazars accepted our invitation for the first episode. They discussed topics such as the pros and cons of the CEE region for investors, financial reporting, audit, pricing, and also regional tax burdens & benefits. Günter has more than 20 years of international experience in the area of tax advisory services with a specialization in foreign investors in Slovakia and Czech republic and he is a regular lecturer on tax issues at conferences and seminars. Günter has successfully led a large number of international company taxation projects, primarily in the areas of financial services, the automotive industry, telecommunications, energy and construction. He has been a member of the Austrian Chamber of Tax Advisors and Chartered Accountants since 1995. Elbruz is an Investment Director at 3TS Capital Partners, an early and growth stage venture capital fund focusing on technology investments in CEE and Turkey. He is responsible for investment sourcing, analysis, business development, transactions and portfolio management. Previously, Elbruz worked in consulting, investment management, software and telecom industries across the US, Europe and Middle East. His experiences include BTS & Partners, PIWorks, Inovent, Balance Innovations, KTEC and ATC. Elbruz spends most of his free time working closely with entrepreneurs, reading, researching and writing all and anything about tech startups, venture capital, and entrepreneurship. He is an avid motorcycle rider and enjoys taking long trips whenever he can. Elbruz studied Economics at Ege University in Turkey and received his MBA from Pittsburg State University in the United States.

This Five Star Tips Podcast will share with you some of the strategies and tools that top practices implement that can also help you take your practice to the next level. In this episode, Ken Unger will be discussing multi-touch marketing systems.  Ken Unger is the industry’s leading coach of mid- to high-level advisors and has almost forty years of experience in the financial service industry. For the last 20 years, he has focused on coaching and has helped many financial advisory firms achieve top honors and reach levels of productivity that they never thought possible. He is Founder and President of “The Academy of Preferred Financial Advisors”.  Joining him at the Academy is educator Tom Gau, CPA, CFP, who was featured multiple times as #1 Advisor in Oregon and as one of the top advisors in the United States on Barron’s List. Tom has tremendous experience in understanding how to build a top advisory firm. Also, on the Academy’s training team is Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, who was named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Bob was also inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He helps Academy members understand relevant and essential tax strategies. At the Academy, this dynamic trio can make your dreams in the financial industry a reality. This episode shares:   How to build a twelve-month multi touch marketing plan of meaningful activity.   How to properly think about marketing for your firm.   Committing and scheduling your company to a 12-month marketing calendar.   How to properly implement this 12-month marketing calendar.   Resources Mentioned in the Show: The Academy of Preferred Financial Advisors The Exclusive Coaching Program  

This Five Star Tips Podcast will share with you some of the strategies and tools that top practices implement that can also help you take your practice to the next level. In this episode, Ken Unger will be discussing effective use of delegation. Ken Unger is the industry’s leading coach of mid- to high-level advisors and has almost forty years of experience in the financial service industry. For the last 20 years, he has focused on coaching and has helped many financial advisory firms achieve top honors and reach levels of productivity that they never thought possible. He is Founder and President of “The Academy of Preferred Financial Advisors”.  Joining him at the Academy is educator Tom Gau, CPA, CFP, who was featured multiple times as #1 Advisor in Oregon and as one of the top advisors in the United States on Barron’s List. Tom has tremendous experience in understanding how to build a top advisory firm. Also, on the Academy’s training team is Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, who was named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Bob was also inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He helps Academy members understand relevant and essential tax strategies. At the Academy, this dynamic trio can make your dreams in the financial industry a reality.   This episode shares:   Specific strategies on how to delegate efficiently in order to boost your practice’s potential.   The importance of being clear, giving feedback and setting expectations   The different levels of delegation.   The expectation of having an evaluation meeting after the task is complete.   How to motivate and inspire your team members in order to succeed.  Resources Mentioned in the Show: The Academy of Preferred Financial Advisors The Exclusive Coaching Program    

This Five Star Tips Podcast will share with you some of the strategies and tools that top practices implement that can also help you take your practice to the next level. In this episode, Ken Unger will be discussing Scalable Systems.  Ken Unger is the industry’s leading coach of mid- to high-level advisors and has almost forty years of experience in the financial service industry. For the last 20 years, he has focused on coaching and has helped many financial advisory firms achieve top honors and reach levels of productivity that they never thought possible. He is Founder and President of “The Academy of Preferred Financial Advisors”.  Joining him at the Academy is educator Tom Gau, CPA, CFP, who was featured multiple times as #1 Advisor in Oregon and as one of the top advisors in the United States on Barron’s List. Tom has tremendous experience in understanding how to build a top advisory firm. Also, on the Academy’s training team is Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, who was named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Bob was also inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He helps Academy members understand relevant and essential tax strategies. At the Academy, this dynamic trio can make your dreams in the financial industry a reality.   This episode shares: A key ingredient in financial success is scalable systems.  The importance of strong leadership and great marketing for a company’s success. The systems in your practice should be repeatable processes that can theoretically take place without direct action. The importance of scalability, which is the measure of how much work a system can handle without malfunctioning. Systems must be documented, measured and controlled and include full input from team members. The importance of collaboration within a company and the use technology. The key things that make an operating plan successful. The importance of having a vision and goals that are shared with the whole team.   Resources Mentioned in the Show The Academy of Preferred Financial Advisors The Exclusive Coaching Program  

This week I had the pleasure of speaking with Arun (Ernie) Nagratha, CPA, CA, CPA of Trowbridge Professional Chartered Accountants and Tax Advisors to discuss Canadian taxes for expats and those living abroad.  Some of our questions and topics include: I understand Canadians can be seen as non-residents.  What is a non-resident for tax purposes, how does this effect my citizenship or legal status in Canada? What criteria does one need to met to become a non-resident? What if there is a tax treaty between Canada and the country I go to? How does that impact me? What type of tax return is filed if you intend to become a non-resident? Do Canadians need to pay tax on foreign earned income abroad if one does not become a non-resident? How are Canadians taxed on their assets such as investments in Canada while living abroad? Can Canadians continue to use their Canadian bank accounts after expatriating? What if I live abroad and want to own property in Canada, can I? What if I rent it out what implications does it have? I want to bring my savings back to Canada from abroad, will Canada tax me? Dan Stevens from the Costa Rican times joins me this week to talk about the FATCA delay, Miss Costa Rica 2014, the Chikungunya Virus, a conclusion to the Cuban in limbo in SJO airport, and the possibility that the new presidential jet may have been used by a drug cartel. For more information about this program, or to become a guest or sponsor, please write in at info@thisweekincostrica.com Thanks for the support of our wonderful sponsors; Robert Clark Insurance, Anti-Aging and Wellness Clinic,Croc’s Casino and Resort, The Costa Rica Star, Global TESOL College, and Podfly Productions LLC.