Podcasts about tax savings

In this episode, we welcome Alex Boekelheide from Northville, South Dakota, a fifth-generation farmer passionate about stewardship, continuous improvement, and preparing his operation for future generations. Alex shares the story of his family farm, the responsibility that comes with carrying on a legacy, and the lessons he's learned working alongside his father while transitioning leadership responsibilities to the next generation. The conversation dives into: Growing up on a fifth-generation farm Leadership lessons learned from family and mentors Why succession planning should start earlier than most farms think The value of advisory teams and outside expertise Building a resilient operation through crop diversity Incorporating oats and cover crops into a corn-soybean rotation Soil stewardship and conservation-focused farming Drainage tile, salinity management, and improving productivity Farm marketing strategies and working with trusted advisors Technology adoption and equipment decisions The importance of transparency when preparing the next generation to farm Alex also shares how Farm4Profit episodes featuring Onshore Advisors and BOA Safra inspired him to explore opportunities that ultimately generated substantial value for his operation through R&D tax credits and fertilizer tax programs. He walks through his experience, the process, and why surrounding yourself with knowledgeable experts can help uncover opportunities many farmers overlook. Most importantly, this episode is a reminder that successful farms aren't built by knowing everything—they're built by continuously learning, asking questions, and surrounding yourself with great people. Whether you're focused on succession planning, conservation, profitability, or simply becoming a better operator, this conversation is packed with practical insights and real-world experiences from a farmer who is intentionally building for the next generation. Want Farm4Profit Merch? Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don't forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send us Fan MailWelcome to our new 8-part series focused on building long-term wealth through smarter retirement investing strategies. Throughout this series, we'll explore how investors can use retirement accounts to invest beyond traditional stocks and bonds and take advantage of opportunities in multifamily real estate investing.The Laurens will be joined by Pat Poling from Mara Poling and we'll break down the concepts, strategies, and potential benefits of retirement account investing in a practical, easy-to-understand way.Over the course of this series, we'll cover:Investing with Your Retirement AccountDiversificationHow to Invest Using a Retirement AccountCompounded Returns Investing in Multifamily Real EstateInvesting in Multifamily Real Estate with Your ROTHCutting Your Taxes 50% to 70% or MoreThose “Other” TaxesLong-term Multifamily Real Estate InvestingWhether you're just getting started or looking to better understand how retirement accounts can be used to create passive income and long-term financial growth, this series is designed to help you think differently about investing for the future.Be sure to subscribe and join us each week as we continue the conversation and dive deeper into each of these topics.To learn more, visit Mara Poling or email Pat directly at pat@marapoling.com.

Together, Shellee and Terry discuss: Why college planning should be approached strategically, not emotionally The connection between retirement planning and college affordability How tax strategies can create additional cash flow for tuition FAFSA misconceptions: families often misunderstand Why scholarships and tax planning should work together Tax-saving opportunities for business owners and entrepreneurs The Augusta Rule and short-term rental strategies How families can start planning even if their student is already in high school

What would it take for a client to happily pay you $70,000+ per year… and feel like they're getting a bargain? In the case of today's guest, it's building a high-value advisory firm by helping business owners unlock significant tax savings, often in the hundreds of thousands of dollars.  Patrick Lonergan is the founder of Vital Wealth, an RIA based in Clinton, Iowa, that generates $2.5 million in annual advisory fee revenue for approximately 100 client households. In this episode, Patrick breaks down how he structures his services around a clear, tiered tax strategy approach, starting with foundational optimizations and progressing into more advanced, high-impact planning techniques. Listen in to learn how these strategies go beyond tax savings to support better cash flow, smarter reinvestment decisions, and long-term wealth building for entrepreneurs, as well as how delivering clear, tangible value has turned his clients into powerful referral engines. For show notes and more visit: https://www.kitces.com/491    

In this episode, Ross dives into the world of politics and economics, discussing the Trump administration's plans to lower tariffs on beef and suspend the federal gas tax. He shares his thoughts on the potential impact of these changes, citing the complexities of the cattle supply chain and the need for a more nuanced approach. The conversation also touches on the Supreme Court's decision regarding congressional districts and the challenges faced by the restaurant industry, including rising costs and regulations. With a mix of humor and insight, Ross breaks down the latest news and invites listeners to share their thoughts.See omnystudio.com/listener for privacy information.

I'm recording this on April 15th, the tax deadline, and I just got a surprise tax bill from my own accountant with almost no communication leading up to it. That experience reminded me exactly why we built KSA Tax Partners the way we did, because there's a real difference between a tax preparer and a tax partner, and most business owners don't know which one they actually have until something goes wrong. In this episode of CEO Numbers Network, I get raw about what worked this tax season, what didn't, and the real story behind a December tax strategy that left a client unable to fund her second location. I share why your money team should include four separate people for checks and balances, why your financials need to reflect the actual cost of running your business, and why I'm pushing back on the tax influencer advice telling you to write off your entire life. You will learn how to tell the difference between a tax preparer and a true tax partner, the four roles every business owner needs on their money team, and how to spot a December tax strategy that will create a cash flow problem in January. If you have ever followed tax advice that felt smart in December and broke your business in January, this episode will reframe how you think about tax strategy entirely and help you build a plan that protects your cash instead of draining it.

I'm recording this on April 15th, the tax deadline, and I just got a surprise tax bill from my own accountant with almost no communication leading up to it. That experience reminded me exactly why we built KSA Tax Partners the way we did, because there's a real difference between a tax preparer and a tax partner, and most business owners don't know which one they actually have until something goes wrong. In this episode of CEO Numbers Network, I get raw about what worked this tax season, what didn't, and the real story behind a December tax strategy that left a client unable to fund her second location. I share why your money team should include four separate people for checks and balances, why your financials need to reflect the actual cost of running your business, and why I'm pushing back on the tax influencer advice telling you to write off your entire life. You will learn how to tell the difference between a tax preparer and a true tax partner, the four roles every business owner needs on their money team, and how to spot a December tax strategy that will create a cash flow problem in January. If you have ever followed tax advice that felt smart in December and broke your business in January, this episode will reframe how you think about tax strategy entirely and help you build a plan that protects your cash instead of draining it.

In this episode, I sit down with tax strategist David A. Perez, who has helped his clients save over $1 BILLION in taxes. We break down the fundamental difference between how wealthy people and broke people think about taxes, and David reveals specific strategies that anyone can use—from early-stage entrepreneurs making their first $50K to 7-figure earners looking to pay zero in taxes legally. We dive into depreciation strategies, the Augusta Rule, employing your children, turnkey investment opportunities, and why most CPAs aren't equipped to help high-income earners. David also explains the real reason people like Grant Cardone buy jets and helicopters (hint: it's not just to show off), and why focusing on making more money should be your #1 priority if you're under $250K. If you've ever felt frustrated paying too much in taxes or confused about what strategies actually work, this episode is a masterclass you can't afford to miss. --- ABOUT DAVID David A. Perez had been a widely regarded tax pro for nearly a decade when he was hit with his own six-figure tax bill, forcing him to realize how little he knew at a strategic level. When an experienced CPA mentor told him there was no fix, David dug deep to uncover the game-changing tax strategies that rarely get implemented. David now brings those strategies to the masses on both ends of the financial spectrum. To serve tax professionals directly, he founded Tax Maverick AI (see below). Meanwhile, he serves individual investors by sharing actionable tax strategies. From his frequent media appearances and viral social media posts to authoring three books, David's aim is to make the public understand what's possible: "The tax code wasn't written to punish you. It was written to reward those who understand it. Stop being punished. Start being rewarded." - David A. Perez Connect with David: Website - https://www.davidaperez.com/ Instagram - https://www.instagram.com/iamdavidaperez Facebook - https://www.facebook.com/david.a.perez.301182 YouTube - https://www.youtube.com/⁨@iamdavidaperez⁩  --- About Justin: Justin Colby is the host of The Entrepreneur DNA and The M.O.R.E Show podcasts and a best-selling author. He is a serial entrepreneur and a seasoned real estate investor with over 20 years of experience. Driven by a passion to help entrepreneurs thrive, Justin created the Entrepreneur DNA community to support business owners in building wealth, systems, and long-term freedom. Through his podcasts, books, education platforms, and hands-on mentorship, he continues to help entrepreneurs scale with clarity and confidence. Connect with Justin: * Instagram: @thejustincolby * YouTube: Justin Colby * TikTok: @justincolbytsof * LinkedIn: Justin Colby Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What if the real issue isn't how much you're making, but rather how your business is structured?In this episode, Loral works with a high-income business owner who has paid millions in taxes and is still searching for a better way forward. The problem isn't effort—it's the lack of a corporate tax structure strategy that actually supports wealth building.They break down why having multiple companies isn't enough if they aren't structured correctly. Simply put a strong corporate tax structure strategy isn't just about entities, it's about how money flows between them, how expenses are allocated, and how revenue is strategically distributed.Loral explains why many high earners overpay in taxes due to poor structure, and how adding the right entities—like management companies and asset protection corporations, can dramatically shift outcomes when done as part of a complete corporate tax structure strategy.If you've built success but feel like your money isn't working as efficiently as it should, this episode will show you how a smarter corporate tax structure strategy can change everything.Loral's Takeaways:Discussion on Tax Liability and Business Strategy (00:00)Exploring Business Entity Options (01:21)Background and Current Financial Situation (02:32)Investment Strategies and Tax Savings (04:41)Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment. Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems: https://integratedwealthsystems.com/Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates Thanks for listening!Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.Do you have some feedback or questions about this episode? Leave a comment in the section below! Subscribe to the podcastIf you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device. Leave us an iTunes reviewRatings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.

Many federal employees care deeply about charitable giving, but the way you give can really affect your taxes. In this episode of the Plan Your Federal Retirement Podcast, Micah Shilanski, Managing Partner and Wealth Advisor, and Luke Eberly, Wealth Advisor, break down strategies that may help you make more tax-efficient charitable contributions, based on current IRS rules. They cover practical concepts like Qualified Charitable Distributions (QCDs), donor-advised funds, and how standard vs. itemized deductions can affect your overall tax picture. The goal is simple: help you better understand the rules so you can make more informed retirement decisions. If you want to help make sure you take the right step while handling your federal benefits, schedule a consultation call with one of our advisors today - https://zurl.co/PWkw  

Max Drew, a seasoned CPA, shares invaluable insights on real estate taxation, entity structuring, cost segregation, and strategic planning for investors. Discover how to optimize your tax benefits, protect your assets, and grow wealth effectively.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Are you thinking about paying your kids to save on taxes and build their future wealth?In this episode of the Know Your Numbers REI Podcast, CPA Chris McCormack breaks down one of the most talked-about tax strategies today: paying your children and funding a Roth IRA. While it can be powerful, doing it the wrong way could trigger audits, penalties, and major headaches with the IRS.We cover how to legally and ethically apply this strategy, so you can protect your business, maximize tax savings, and set your kids up for long-term financial success.In this episode, you'll learn:• The REAL rules behind paying your kids in your business• Why most social media tax advice is incomplete (or risky)• How to properly document everything to stay IRS-compliant• What counts as “reasonable” pay and real work• How a custodial Roth IRA can grow tax-free wealth for your children• Common mistakes that could cost you thousands in penaltiesThis isn't about shortcuts! It's about doing things the right way.If you're a business owner, real estate investor, or entrepreneur who wants to save on taxes while staying fully compliant, this episode is for you.Don't forget to leave a COMMENT, FOLLOW, and SHARE this with someone who needs smarter tax strategies!••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

How much money are you leaving on the table by waiting until tax season to start planning?Hosts Tait Duryea and Ryan Gibson talk with Nathan Sosa from Hall CPA to break down the latest tax updates that matter most to pilots and high-income professionals. Get ready to hear practical insights on bonus depreciation, the short-term rental strategy, oil and gas tax benefits, passive real estate losses, and why filing an extension may be smarter than rushing to file. They also clear up common confusion around K-1s and explain when it makes sense to bring in a CPA.Nathan Sosa is a tax strategist at Hall CPA with a master's in taxation and deep expertise in helping high-income earners, including pilots, navigate complex tax planning. His advice helps investors think ahead, avoid costly mistakes, and make smarter tax decisions.Show notes:(0:00) Intro(0:43) Meet tax strategist Nathan Sosa(4:27) State of the tax world(5:00) Bonus depreciation back to 100%(8:03) Net investment income tax explained(12:01) SALT deduction surprises and limits(15:08) Bunching charitable deductions strategy(17:13) Short-term rental tax strategy(20:28) Oil and gas tax benefits(31:23) What happens when deals sell(42:59) Extensions, amendments, and late K-1s(49:16) OutroConnect with Nathan Sosa:Website: https://www.therealestatecpa.com/become-client/ LinkedIn: https://www.linkedin.com/in/nathansosacpa/ Related Episodes: #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis#92 - Opportunity Zones for Passive Income: Unlock Tax Savings and Growth with Nathan Sosa#118 - The Big Beautiful Tax Bill with Nathan SosaIf you're interested in participating, the latest institutional-quality self-storage portfolio is available for investment now at: https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you at the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Most business owners overpay taxes not because of mistakes, but because they miss everyday deductions. In this episode, we break down how common expenses like your home office, car, travel, and software can reduce your tax bill. You'll learn how to properly track, document, and plan your expenses so you can legally keep more of what you earn. This is not about risky strategies. It's about using the tax code the way it was designed. If you want to stop leaving money on the table and start building real wealth, this episode gives you a simple, practical plan.   Next Steps: ➡️ Overpaying your CPA and the IRS? Learn how to stop it in this free training: https://go.phillipsbusinessgroup.com/registration

Eric Sebold is the Lead Workshop Educator for the Institute for Financial Awareness, one of the fastest growing 501(c)(3) nonprofits in the DC/Metro Area.Eric is a widely sought out speaker pertaining to the world of Federal Benefits and Retirement Planning. He is a Certified Educational Consultant (CEC) and a Federal Employee Benefits Consultant. He is a well-versed workshop veteran, teaching courses in many agencies across the D.C. metropolitan area.Eric's career in financial services started as a Chartered Federal Employee Benefits Consultant (ChFEBC). Eric is best known for his workshop entitled Federal Benefits Best Kept Secrets. Through his years of experience consulting for federal employees, Eric has developed tax saving strategies as well as estate conservation plans for hundreds of individuals throughout dozens of different agencies. He has also guided many federal employees through the complex steps of the retirement process. Eric has generously donated his time and expertise to the Institute for Financial Awareness.Learn more: http://www.ifaonline.org/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/eric-sebold-federal-benefit-consultant-with-institute-for-financial-awareness-tax-savings-strategies-for-long-term-wealth

Eric Sebold is the Lead Workshop Educator for the Institute for Financial Awareness, one of the fastest growing 501(c)(3) nonprofits in the DC/Metro Area.Eric is a widely sought out speaker pertaining to the world of Federal Benefits and Retirement Planning. He is a Certified Educational Consultant (CEC) and a Federal Employee Benefits Consultant. He is a well-versed workshop veteran, teaching courses in many agencies across the D.C. metropolitan area.Eric's career in financial services started as a Chartered Federal Employee Benefits Consultant (ChFEBC). Eric is best known for his workshop entitled Federal Benefits Best Kept Secrets. Through his years of experience consulting for federal employees, Eric has developed tax saving strategies as well as estate conservation plans for hundreds of individuals throughout dozens of different agencies. He has also guided many federal employees through the complex steps of the retirement process. Eric has generously donated his time and expertise to the Institute for Financial Awareness.Learn more: http://www.ifaonline.org/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/eric-sebold-federal-benefit-consultant-with-institute-for-financial-awareness-tax-savings-strategies-for-long-term-wealth

In this episode, Brian Thompson discusses key insights from the recent tax season, highlighting trends, surprises, and strategic opportunities for business owners to optimize their tax planning and financial health. Your tax return is not something to file and forget. If you pay attention, your tax return gives you a roadmap for what to do better this coming year. Brian also gives real-life examples of two clients that stood out this tax season.   Understanding Unexpected Tax Outcomes One of the most significant stress points during tax season is the unexpected tax outcome. Many business owners were pleasantly surprised this year, either owing less than they anticipated or receiving larger refunds than expected. However, it's crucial to remember that a refund is not a reward and a tax bill is not a punishment. It simply reflects the reconciliation of what you owe versus what you've already paid.    Increased Interest and Dividend Income This year also saw a spike in interest and dividend income for many business owners due to significant investment gains and the movement of cash into higher-yield savings accounts. While these gains are beneficial, they can also lead to increased taxable income, resulting in a higher tax bill than anticipated. Many individuals fail to account for all forms of income when calculating their estimated taxes, leading to potential penalties. It's vital to consider every aspect of your income when planning your tax estimates.   Planning for Underpayment Penalties Self-employed individuals, in particular, have reported a rise in underpayment penalties. This situation can occur even if you make estimated payments but fail to do so on time or for the correct amount. If your income has increased but your estimated payments have not adjusted accordingly, the IRS will catch up with you. To avoid these pitfalls, ensure your estimated tax payments reflect your actual income. Regularly review and adjust your estimates as necessary to avoid surprises come tax season.   How to optimize your tax return next year Benefits of increased SALT deduction This year, many clients experienced unexpected results due to changes in the state and local tax (SALT) deduction. For example, one high-income business owner noticed a significant drop in their tax bill, while another client could itemize deductions for the first time ever, despite having no mortgage interest. This is a huge shift for high-income earners in high-tax states. Since this is new, this is your opportunity to become proactive. Plan ahead and strategize around the timing of payment or entity-level tax elections.    Maximizing Retirement Contributions One area where many business owners fall short is maximizing their retirement contributions. Many do not take full advantage of their solo 401(k)s or SEP IRAs, either out of lack of knowledge or because they think it's too late to contribute. Remember, these accounts can significantly reduce your taxable income while helping you build long-term wealth. Don't let procrastination or confusion keep you from maximizing your retirement contributions. You can still contribute until the filing deadline, so take advantage of this opportunity to lower your taxable income.   Self-employed health insurance This is another area where proactive planning makes a huge difference. I've seen people miss these deductions or owe money unexpectedly. Make sure you review your Schedule 1 to ensure you are making the most of your deductions.    The Importance of Bookkeeping The state of your bookkeeping is foundational to your tax return. Messy records can lead to missed deductions and poor decision-making, turning tax season into a stressful experience. Clean and organized books not only simplify tax planning but also improve cash flow and strategic deductions. If your books weren't well-maintained this year, take the time after tax season to ensure everything remains in order. Regular reviews will make tax time far less daunting in the future.   Your Action Step Your tax return is not just a document to file away. It's a roadmap that highlights where you can improve and where opportunities have been missed. Take 30 minutes and review your tax return with this question: "What surprised me and why?" Was it a higher tax bill, a missed deduction or something you didn't understand? Every surprise is something you can fix next year.    Resources + Links Newsletter Sign Up Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes Follow & review the podcast: on Spotify and Apple Podcasts   About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP®, is a tax attorney and Certified Financial Planner® who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

The S-Corp question is one of the most common Brian hears from entrepreneurs, but the answer is almost never as simple as the internet makes it sound. In this episode, Brian Thompson breaks down what an S-Corp actually is, how the potential tax savings work, and the real-world trade-offs that often get left out of the conversation. Whether you're considering the election for the first time or revisiting the decision, this episode gives you the context you need to make an informed choice.   What is an S-Corp? First, an important clarification: an S-Corporation is not a business structure, it's a tax election. Your business might legally be an LLC or a partnership, but you elect to have the IRS tax it under Subchapter S of the tax code. That election allows business income to pass through to the owner's personal tax return rather than being taxed at the corporate level. The key difference for most small businesses comes down to how payroll and self-employment taxes are handled.   How Do S-Corps Save on Taxes? When you run a business as a sole proprietor or single-member LLC, your net profits are generally subject to self-employment tax of 15.3%, which covers Social Security and Medicare. With an S-Corp election, you pay yourself a reasonable salary (which is subject to payroll taxes) but any profits above that salary can be taken as distributions, which are generally not subject to self-employment tax.  A straightforward example: on $200,000 in net profit, splitting it evenly between salary and distributions could save roughly $15,000 in payroll taxes. That's the number people are chasing when they talk about S-Corps.   S-Corps Trade-offs The savings aren't guaranteed, and there are two major caveats. First, reasonable compensation. The IRS requires S-Corp owners who work in the business to pay themselves a reasonable salary before taking distributions. Reasonableness evaluation is based on your experience, role, time devoted to the business, and what comparable professionals earn. For service-based businesses where the owner is the primary revenue generator, this requirement can significantly limit how much income can realistically be treated as distributions.  Second, administrative costs. Running an S-Corp means running payroll for yourself, filing a separate S-Corp tax return, issuing a K-1, maintaining better corporate records, and typically paying more for accounting and tax preparation. For some businesses the extra steps are worth it. For others, the time and cost eat too much into the savings.   State and Local Tax Considerations for S-Corps For many entrepreneurs, particularly those in cities where a large share of LGBTQ business owners live, state and local taxes add another layer of complexity. Brian breaks down the specifics: Illinois S-Corps pay a 1.5% personal replacement tax; California S-Corps pay 1.5% on net income with an $800 minimum franchise tax; New York State imposes a fixed dollar minimum tax based on gross receipts; and New York City doesn't recognize the federal S-Corp election at all, meaning city-level corporate taxes of up to 8.85% can still apply. Washington DC has its own franchise tax currently at 8.25%. If you operate in Chicago, LA, San Francisco, New York, or DC, these rules need to be part of your analysis.   The PTET Opportunity Despite the complications, Brian is clear: he recommends S-Corps for many clients when the numbers make sense. And there's an additional tool worth knowing about — the pass-through entity tax, or PTET. Created in response to the federal SALT cap, which limited state and local tax deductions on individual returns to $10,000, the PTET election allows the business itself to pay state income tax at the entity level, where it can often be fully deductible for federal purposes. The SALT cap increased to $40,000 in 2025, which reduces the urgency of this workaround for some. But for higher income business owners, PTET can still create meaningful additional savings on top of the payroll tax benefits.   The Right Questions to Ask About S-Corps Instead of asking "should I become an S-Corp?", Brian reframes the question: Does an S-Corp make sense for my business? The considerations that matter include what type of business you run, how much profit you actually generate, whether revenue is produced primarily by you or a broader team, your willingness to handle the administrative requirements, the state and city tax rules where you operate, and how the decision fits into your broader tax and retirement planning. You also don't have to decide on day one. Many entrepreneurs start under simple tax treatment and elect S-Corp status once the business becomes profitable enough for it to make sense.   Your Action Step This week, take three steps: look at your most recent business profit, estimate what a reasonable salary might look like for your role, and have a conversation with your tax advisor or financial planner about whether the numbers actually work in your specific situation. Your tax strategy should support your business strategy, not the other way around. The S-Corp election can be a powerful tool for the right business, but like most things in tax planning, context is everything. If you have any questions about S-Corps, reach out to Brian to see what your options are.   Resources + Links Newsletter Sign Up Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes Follow & review the podcast: on Spotify and Apple Podcasts   About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP®, is a tax attorney and Certified Financial Planner® who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

Send us Fan MailWe challenge the idea that cutting taxes is the finish line and lay out a more durable way to build after-tax wealth. Dave Walcott shares how a family office mindset, investor DNA, and systems thinking can help high earners stop chasing shiny objects and start compounding with purpose. • why tax savings without a plan can increase risk and waste time • the difference between tax preparers and proactive tax planners • using an investor DNA framework to match strategies to lifestyle and goals • comparing active strategies like short-term rentals with passive options like oil and gas • common mistakes in alternative investments and why an investment policy statement matters • thinking in after-tax terms, including capital gains, retirement account taxes, and depreciation recapture • how scenario planning tools can model future tax liabilities and liquidity events • infinite banking basics, including tax-free growth, policy loans, asset protection, and estate planning angles • why private credit is often misunderstood and how it can fit into a passive income strategy Go to Holisticwealthstrategy.com for a free copy of Dave's book. Go to taxplanningchecklist.com for an introductory course on foundational to advanced tax planning strategies.Ready to Get started with advanced Tax Planning? Go to Prosperlcpa.com/apply Watch the educational video at https://wwww.contrarianwealthbuilder.com and check out the software at https://www.pantheonwealthos.com

Most business owners unknowingly leave thousands of dollars in tax savings on the table every year. In this episode, John talks with tax strategist Peter Holtz about proactive tax planning, common deductions many entrepreneurs miss, and why year-round strategy matters more than last-minute filing. They discuss overlooked opportunities like the Augusta Rule, paying your kids through the business, home-office deductions, and smarter entity structures. If you want to legally reduce taxes, improve cash flow, and build a more profitable business, this conversation offers practical strategies every small business owner should understand. Today we discussed: 00:00 Tax Deadlines and Planning 01:50 Proactive Tax Planning 03:35 Tax Code Complexity and AI Tools 06:26 Business Tax Deductions 09:11 Augusta Rule Tax Benefits 10:37 Tax vs Cash Flow Decisions 14:16 Profit Mindset 16:19 Implementing Profit First 18:31 Tax Advisors and Real Estate 21:17 IRS Delays and Filing Problems 22:49 Closing Remarks and Resources Rate, Review, & Follow If you liked this episode, please rate and review the show. Let us know what you loved most about the episode. Struggling with strategy? Unlock your free AI-powered prompts now and start building a winning strategy today!

In this episode, Catrina Craft shares overlooked tax strategies that entrepreneurs often miss, including entity stacking, income shifting, and leveraging family offices to build long-term wealth. Discover how to maximize your tax benefits and grow your business effectively.Welcome back to the show, Catrina! Head to the bottom of the episode description to stay current in on tax savings and tips. As You Listen00:00 Introduction and Series Overview 01:11 The Difference Between a CPA and a Tax Strategist 02:18 Stop the Simple Strategies: Beyond Basic S-Corp Filing 04:13 Entity Stacking: Using C-Corp and S-Corp for Tax Flexibility 05:12 Income Shifting: Family Members and Business Support 07:06 Stop Chasing Revenue: Invest in Wealth-Building Assets 08:57 Investing in Film Production for Tax Deductions 10:15 Using Real Estate and Oil & Gas for Tax Savings 11:29 Recap of Entity Strategies and Their Benefits 13:40 The Power of Family Management Offices 16:30 Personal Story: Overcoming Financial Challenges 18:27 Working with the Right People and Building Wealth 19:34 Teaser for Next Episode and Final Thoughts 20:09 Where to Find Katrina Kraft Online 

Join us as we continue our "Anchors of Retirement Confidence" series, where we discuss four areas of retirement uncertainty plus strategies to replace your anxiety with clarity and control. In part 3, we explore why the biggest threat to your retirement isn't always market volatility, but the taxes you didn't see coming until it was too late.  In this episode, you'll learn:  How tax concentration quietly limits income flexibility The three core tax buckets every retiree should understand How Roth accounts help create control in an unpredictable tax system Real-life case studies showing why "textbook" strategies don't always work Today's article is from Morningstar titled, 8 Tips to Stop Worrying About Running Out of Money in Retirement. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation. Show Notes: HowardBailey.com/552

This week, Andrew and I answer your money questions, starting with Andrew's own real-time question: should he invest a lump sum all at once, dollar-cost average, or hold onto it in an attempt to time the market? We also answer other listener questions, including how to calculate your net worth, how to account for a pension in your retirement calculations, how to roll over a 401k from a previous job, thoughts on accessing retirement funds during a market downturn, tips for lowering bills, and tax and savings recommendations as you start to reach higher incomes.  Get the full show notes, show references, and more information here:  ⁠https://www.insideoutmoney.org/151-listener-qa-with-andrew-surviving-market-downturns-pensions-tax-savings-timing-the-market-dollar-cost-averaging-net-worth-calculations-401k-rollovers-and-more/⁠

You've probably heard us talk about “properties having babies” when investors use a cash out refi to buy new properties with no new capital.But what does that actually look like when you're the investor making the call?In this episode, show host Pablo Gonzalez opens up his real-life portfolio to walk through the decision to do a cash-out refinance, and whether the short-term drop in cash flow is worth the long-term growth.JWB co-founder, Gregg Cohen, will unveil a new tool he just developed that helps visualize the trade-offs investors face when they refinance like:➕ What changes immediately in your monthly cash flow➕ How much quicker it gets investors to their goal➕ When it wouldn't make sense to do itIf you've been sitting on equity and wondering what to do next, this behind-the-scenes breakdown will help you figure out if a cash out refi could work for you!Listen NOW!Chapters:00:00 Cash-Out Refi & “Property Babies” — What We're Building Today01:33 Welcome to Not Your Average Investor Show + Why This Topic Matters02:25 The Equity Fear Factor: When to Harvest Without Killing Cash Flow03:10 Tool Tease + Live Case Study Setup (Pablo's Portfolio)05:02 Quick Housekeeping: Summit Update + Important Disclaimer05:55 Pablo's 3-Property Origin Story (2021–2022) & Funding Moves07:07 Profit Breakdown: Appreciation, Paydown, Tax Savings & Cash Flow Reality08:37 Eviction, Vacancy, and the Long Game: Staying Invested Through Pain Points13:01 Pac-Man Principle: Why Appreciation Dominates the “Profit Pie”14:48 Introducing the Passive Income Planning Tool (Beyond a Profit Snapshot)16:15 Setting the Target: $10K/Month Net in 15 Years — Why It Matters18:18 Phases of the Plan: Acquisitions → Debt Paydown → Distribution20:34 Current Snapshot: $366/mo, $270K Equity, and 43% of Acquisitions Done23:23 If You Do Nothing: 15-Year Projection for Income and Equity Growth24:29 Delivering the Next Property Baby: How Much Cash You Need ($60–$75K)27:55 15-Year Upside: Cashflow Growth + Massive Equity Gains28:54 “Go Find the Money”: Cash-Out Refi Options & Portfolio Cashflow Impact32:05 Which Properties to Refinance? Protecting Low Rates & Picking the Winner35:49 New Passive Income Plan: 4 Properties, Small Cashflow Trade-Off, Big Long-Term Win39:03 Is $63K Enough to Buy Another Rental? Down Payment Targets & Inventory Fit40:00 Small vs Big Homes Debate: Appreciation, Neighborhood Cycles & Workforce Housing45:31 Live Q&A: HELOC vs Refi, Taxes/Insurance Included, and Using Primary Home Equity49:27 Summit Next Steps + Community Updates (C3X, Greg Roberts, Karaoke)54:18 Final Wrap: Summit Logistics & “Don't Be Average” Send-OffStay connected to us! Join our real estate investor community LIVE: https://jwbrealestatecapital.com/nyai/Schedule a Turnkey strategy call: https://jwbrealestatecapital.com/turnkey/ *Get social with us:*Subscribe to our channel  @notyouraverageinvestor  Subscribe to  @JWBRealEstateCompanies  

In this episode of Real Estate Investing Rocks, Angel sits down with cost segregation expert Mark Grossman of CSSI to break down how investors can legally accelerate depreciation, increase cash flow, and strategically reinvest tax savings.From short-term rentals to industrial warehouses and even golf courses, Mark explains how cost segregation works across property types, how it pairs with 1031 exchanges, and what investors need to know to stay audit-ready in today's IRS environment.Topics CoveredWhy 90% of millionaires invest in real estateWhat cost segregation is and how it accelerates depreciationHow short-term rental owners can benefit from cost segWhy owning (not arbitraging) matters for tax strategiesReal estate professional status and IRS audit red flagsDocumentation best practices to protect yourselfCost segregation for industrial, warehouse, and retail propertiesHidden depreciable components like parking lots and landscapingUnderstanding ROI on a cost seg studyNegative K-1s and long-term tax strategyHow cost segregation works alongside 1031 exchangesWhy opportunity cost and reinvestment strategy matterMemorable Quotes“Any money that doesn't have to go out is money in your pocket.”“Would you spend $5,000 to get $25,000 back? It may not be flashy, but it absolutely makes sense.”Connect with Angel: https://www.linkedin.com/in/angel-williams-re/Connect with Mark: https://www.linkedin.com/in/jmarkgross/

In this episode of the Know Your Numbers REI Podcast, host Chris McCormack, founder of Better Books, dives into the nuances of converting a traditional IRA to a Roth IRA and discusses the benefits of Roth IRAs growing tax-free. He also explores the implications of Trump's Tax Cuts and Jobs Act, including the introduction of the Trump account, which offers a unique tax-saving opportunity for children born between 2025 and 2028.Chris explains strategies for maximizing these accounts, including converting to Roth IRAs at low-income stages and the potential benefits of using these accounts for education, home purchase, or business ventures.Tune in to learn how to strategically build wealth and minimize tax liability using available tax codes.••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Overview: In this episode of the SMB Community Podcast, our host James Kernan welcomes Justin Maxwell of Big Life Financial to discuss crucial changes in the tax law surrounding R&D tax credits for tech companies. They delve into the history and importance of the R&D tax credits, misconceptions about qualification, and the significant financial benefits these credits can bring. Maxwell emphasizes the importance of having a cohesive team of financial advisors and offers a complimentary review for businesses to determine their eligibility. Don't miss this insightful conversation that could be a game-changer for your business's financial strategy. --- Chapter Markers: 00:00 Introduction and Welcome 00:50 Meet Justin Maxwell 04:44 The Importance of Financial Cohesion 07:22 Understanding R&D Tax Credits 12:38 Eligibility and Process for R&D Credits 23:49 Maximizing Your Tax Savings 25:59 Conclusion and Contact Information --- New Book Release: I'm proud to announce the release of my new book, The Anthology of Cybersecurity Experts! This collection brings together 15 of the nation's top minds in cybersecurity, sharing real-world solutions to combat today's most pressing threats. Whether you're an MSP, IT leader, or simply passionate about protecting your data, this book is packed with expert advice to help you stay secure and ahead of the curve. Available now on Amazon! https://a.co/d/f2NKASI --- Sponsor Memo: Since 2006, Kernan Consulting has been through over 30 transactions in mergers & acquisitions - and just this past year, we have been involved in six (6). If you are interested in either buying, selling, or valuation information, please reach out. There is alot of activity and you can be a part of it. For more information, reach out at kernanconsulting.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

DISCLAIMER: The information in this presentation is provided as education only, with the understanding that neither the presenter nor ENNIS Legacy Partners is engaged to render legal, accounting, or other professional services. If you require legal advice or other expert assistance, you should seek the services of a competent professional. Neither the presenter nor ENNIS Legacy Partners shall have any legal liability or responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by the information contained in this presentation.============================================“We want you to help you build a business that is sellable and exit successfully on your own terms and conditions.” - Pat Ennis============================================

This week's show sees Adam Curran share his perspective on everything from modern culture's “smut-filled” media to the declining standards in service industries, emphasizing the importance of authentic, high-touch personal service in financial planning. He discusses the value of working with advisors who share your worldview and values, offering listeners a 15-minute complimentary call. Adam and his team at Curran Financial Partners serve clients both locally in South Carolina and nationwide, striving to be a “shining light on the hill” of financial service with integrity, respect, and professionalism.A major highlight of the episode is Adam's introduction of his new “one-page tax savings summary,” a simple yet comprehensive document that helps retirees identify efficient tax strategies, from above-the-line deductions to legacy planning. Reflecting on his personal journey of trial-and-error with accountants, Adam explains why proactive tax planning is key to in regards to retirement income. Adam encourages listeners to “kick his company's tires,” invest their time wisely in building the right retirement plan, and not put off their financial goals, reminding everyone that life and good health are not guaranteed forever.

High-income doctors face burnout, heavy taxes, and limited time — often without financial training to build long-term wealth. In this episode of The Real Wealth Show, Kathy Fettke talks with Dr. Matthew Bloom about how he built passive income through real estate, including purchasing a rental home through RealWealth. Dr. Bloom shares lessons learned from managing long-distance rentals, avoiding high-risk deals, and choosing a more passive investment that delivers steady cash flow with minimal involvement. A valuable listen for doctors and busy professionals looking to invest smarter, reduce taxes, and build long-term financial freedom. Interested in learning more about turn key investment properties? Visit www.Realwealth.com/Deals to learn more. DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com. 

This week, Angela discusses five tax savings strategies to consider before the end of 2025. She emphasizes the importance of planning and understanding tax implications for financial success. The topics include charitable gifting, itemized deductions, investment and retirement portfolios, business equipment purchases, and seeking professional advice. Key Takeaways

Host Randy Gomez provides valuable advice for both individuals and businesses to optimize their tax strategies before the year ends. For individuals, he emphasizes maximizing contributions to retirement accounts, strategically managing income and deductions, and utilizing tax loss harvesting. He also highlights the importance of charitable giving and ensuring proper documentation for tax deductions. For businesses, Randy advises on maximizing business retirement plans, deferring income, and utilizing tax credits to enhance financial planning and employee benefits. The episode concludes with an invitation for listeners to seek personalized tax consultations.#TaxTip #TaxPrepaation #TaxStartegy #1099 #YearEndPlanning #TaxSeasonRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1904: Josh Bauerle breaks down how entrepreneurs can legally and strategically maximize their tax deductions by understanding the IRS's definitions of "ordinary" and "necessary" expenses. With real-world examples, like a wine bar owner's surprising nose job write-off, he shows how expanding into multiple industries can open doors to more deductions while staying compliant. Read along with the original article(s) here: https://www.eofire.com/taking-tax-deductions-deserve-entrepreneur/ Quotes to ponder: "A business expense is an ordinary and necessary expense that was paid or incurred during the taxable year in carrying on a business activity." "Anything you spend money on could be a tax deduction if you can find a way to relate it to your business or industry." "The IRS is the master when it comes to being vague."  

If you've ever thought about putting your kids to work (on the payroll, that is), here are practical tips and some fun stories that might just inspire you to take the plunge. You could end up saving money and setting up your kids for financial success down the road!Hey there, and welcome back to the "Empowering Entrepreneurs Podcast" with Glenn Harper and Julie Smith! This episode gets into something a lot of business owners have wondered about, but maybe haven't really dug into—can you actually pay your kids for helping out in your business? And what does that mean for your taxes?Glenn breaks down all the nitty-gritty IRS details and shares some smart ways to shift income, save on taxes, and teach your kids about money at the same time. Plus, Julie Smith adds her take on the real-life lessons kids get from rolling up their sleeves in the family business.This episode is brought to you by PureTax, LLC. Tax preparation services without the pressure. When all you need is to get your tax return done, take the stress out of tax season by working with a firm that has simplified the process and the pricing. Find out more about how we started.Key takeaways for business owners:Tax-smart payroll: Paying your kids through your LLC or as a sole proprietor can offer major tax advantages, as you may avoid the extra 15% in employment taxes that corporations require.It's not just about taxes: Beyond dollars and cents, bringing your kids into your business teaches them real-world financial skills, from how payroll works to the power of compounding through Roth IRAs.Documentation and legitimacy matter: The IRS requires any payments to be reasonable for actual work performed—think marketing help, filing, or even social media management. Keep it legitimate!Running a business doesn't have to run your life.Without a business partner who holds you accountable, it's easy to be so busy ‘doing' business that you don't have the right strategy to grow your business.Stop letting your business run you. At Harper & Co CPA Plus, we know that you want to be empowered to build the lifestyle you envision. In order to do that you need a clear path to follow for successOur clients enjoy a proactive partnership with us. Schedule a consultation with us today.Download our free guide - Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account.Glenn Harper, CPA, is the Owner and Managing Partner of Harper & Company CPAs Plus, a top 10 Managing Partner in the country (Accounting Today's 2022 MP Elite). His firm won the 2021 Luca Award for Firm of the Year. An entrepreneur and speaker, Glenn transformed his firm into an advisory-focused practice, doubling revenue and profit in two years. He teaches entrepreneurs to build financial and operational excellence, speaks nationwide to CPA firm owners about running their businesses like entrepreneurs, and consults with firms across the country. Glenn enjoys golfing, fishing, hiking, cooking, and spending time with his family.Julie Smith, MBA, is a serial entrepreneur in the public accounting space. She is the Founder of EmpowerCPA™, Founder of PureTax, LLC, COO for Harper & Company CPAs Plus, and Co-host of the Empowering Entrepreneurs podcast. Named...

Not all Roth conversions are created equal — and new research shows a clear winner. Richard Rosso breaks down a study that modeled hundreds of thousands of retirement scenarios to determine which Roth conversion strategy performs best over a 10-year period: • Staying in a traditional IRA/401(k) and taking RMDs • A one-time Roth conversion • A gradual, multi-year conversion strategy We examine how taxes, RMDs, longevity, and investment returns affect the outcome — and why a one-time conversion often comes out ahead if you can handle the upfront tax bill. 0:19 - The Sexiest Word in Finance 4:44 - The Roth Account Smile 7:29 - Roth Applications for Different Stages of Life 10:17 - Tax Hierarchy Considerations 14:09 - The Craft of Retirement Income & Withdrawals 19:07 - Roth as a Legacy Tool 21:22 - A Lifetime of Tax Savings with Roth 24:11 - Why a One-time Roth Conversion is Best Option 30:36 - Reconsidering Gradual Withdrawals 33:12 - Retirement Strategies are Personal 33:53 - Tim Allen, Mike Rowe, & Why Men Don't Work 38:14 - Thanksgiving Wishes Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=8mkgUOAZU7Y&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- The latest installment of our new feature, Before the Bell, "Why This Pullback Isn't a Panic" is here: https://www.youtube.com/watch?v=bb8BeVp7ID8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Our Previous Show, "How The Fed Deals Liquidity: The Monetary Toolbox" is here: https://www.youtube.com/watch?v=GnB1pog_r_I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #RothIRA #RetirementPlanning #TaxStrategy #IRAConversion #PersonalFinance

Not all Roth conversions are created equal — and new research shows a clear winner. Richard Rosso breaks down a study that modeled hundreds of thousands of retirement scenarios to determine which Roth conversion strategy performs best over a 10-year period: • Staying in a traditional IRA/401(k) and taking RMDs • A one-time Roth conversion • A gradual, multi-year conversion strategy We examine how taxes, RMDs, longevity, and investment returns affect the outcome — and why a one-time conversion often comes out ahead if you can handle the upfront tax bill. 0:19 - The Sexiest Word in Finance 4:44 - The Roth Account Smile 7:29 - Roth Applications for Different Stages of Life 10:17 - Tax Hierarchy Considerations 14:09 - The Craft of Retirement Income & Withdrawals 19:07 - Roth as a Legacy Tool 21:22 - A Lifetime of Tax Savings with Roth 24:11 - Why a One-time Roth Conversion is Best Option 30:36 - Reconsidering Gradual Withdrawals 33:12 - Retirement Strategies are Personal 33:53 - Tim Allen, Mike Rowe, & Why Men Don't Work 38:14 - Thanksgiving Wishes Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=8mkgUOAZU7Y&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- The latest installment of our new feature, Before the Bell, "Why This Pullback Isn't a Panic" is here: https://www.youtube.com/watch?v=bb8BeVp7ID8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Our Previous Show, "How The Fed Deals Liquidity: The Monetary Toolbox" is here: https://www.youtube.com/watch?v=GnB1pog_r_I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #RothIRA #RetirementPlanning #TaxStrategy #IRAConversion #PersonalFinance

From studying tax law at just 14 years old to landing her dream job inside the IRS, Carlotta Thompson seemed destined for a lifelong career in government. But once she stepped behind the curtain as an IRS auditor, she discovered something shocking: countless business owners were leaving hundreds of thousands of dollars on the table in missed deductions — and the system wasn't built to help them. Realizing she was “on the wrong side,” Carlotta walked away from the IRS to pursue a bigger mission: help entrepreneurs pay the least amount of tax legally possible. Today, as the Founder & CEO of Tax Strategists of America, she leads business owners through her signature Pathway to Zero™ program — a proven framework that uncovers hidden deductions, maximizes tax strategy, and empowers owners to keep more of what they earn. In this episode, Carlotta reveals the truths she learned inside the IRS, the most common (and costly) mistakes business owners make, and the practical steps entrepreneurs can take to dramatically reduce their tax burden without ever crossing legal lines. If you're an investor or business owner who wants to stop overpaying the IRS, this is a must-listen.Follow Carlotta

As we close in on year-end, this week's “Henssler Money Talks” tackles three financial decisions that can make a major impact on your long-term plan. First, before you write that last charitable check of 2025, make sure you're doing it strategically. We break down the evolving charitable giving rules—from updated deduction limits to how Qualified Charitable Distributions and Donor Advised Funds can help you give more efficiently. Whether you donate regularly or ramp up your giving at year-end, understanding these rules can help you maximize both your impact and your tax benefit. Next, we dig into a question many listeners are asking: Should you stop saving and pay off the mortgage before retirement? While being debt-free sounds great, it may leave you “house-rich and cash-poor.” We unpack the trade-offs, including how mortgage rates compare to long-term investment returns, the risks of cutting back on 401(k) contributions, and why carrying some debt into retirement may actually support your overall financial flexibility. Finally, we explore the recommended “order to savings”—and why it's not a one-size-fits-all formula. From employer retirement plans to Roth IRAs to taxable brokerage accounts, where you save first can depend on your goals, timeline, and tax picture. We break down the most common prioritization framework and help you think through the right path for your personal situation. Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — November 15, 2025  |  Season 39, Episode 46 Timestamps and Chapters 7:35: Smart Strategies for 2025 Charitable Contributions 21:32: Stop Saving to Pay Off the House? Let's Talk About It.26:58: Your Savings, Your Strategy: Where to Start 38:17: Shutdown Ends, Earnings Season and Selling NVIDIA Follow Henssler:Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/TikTok: https://www.tiktok.com/@hensslerfinancial?lang=enX: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

In this episode, financial advisor and coach Christopher Gandy discusses strategies for tax reduction and asset protection, specifically for healthcare practice owners. Gandy shares insights from his 26 years of experience, highlighting the importance of structuring income through separate entities to minimize tax liabilities. He also delves into defined benefit plans as a potent tool for deferring significant amounts of income, reducing tax rates, and protecting personal assets through the strategic use of trusts and proper ownership structures. Gandy emphasizes the need for profitable practices to explore advanced financial strategies and shares actionable advice for preserving wealth and ensuring long-term financial stability.

Taxes become more exciting, especially when it's with Toby Mathis. Tait Duryea and Ryan Gibson welcome back tax strategist and investor Toby Mathis for another powerhouse session on how to keep more of your money before year-end. From bonus depreciation and the short-term rental loophole to smarter charitable giving and donor-advised funds, Toby reveals how high-income earners can legally slash their tax bills. Whether you're a pilot, business owner, or passive investor, you'll walk away knowing which moves to make before December 31, and how to turn your taxes into one of your biggest wealth-building tools.Toby Mathis is a tax attorney, investor, and co-founder of Anderson Advisors. With decades of experience advising thousands of investors, Toby simplifies complex tax laws into real-world strategies for building wealth. Known for making tax planning engaging and actionable, Toby helps high-income professionals, especially pilots and real estate investors, protect their assets and minimize taxes through smarter planning.Recommended episodes:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis

Maximize Your Business Tax Savings with Expert Tips from Douglas Carpenter Books4hospitality.com About the Guest(s): Douglas Carpenter is a seasoned financial expert with over 40 years of experience in the industry. As a Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA), Douglas started his career as the youngest registered stockbroker in America at the age of 17. He has worked at a top four accounting firm and held various consulting and chief financial officer roles. Currently, Douglas owns and operates Comprehensive Accounting Solutions, providing a full spectrum of accounting services, particularly for small businesses and the hospitality sector. Episode Summary: In this engaging episode of The Chris Voss Show, Chris talks with Douglas Carpenter, a renowned CPA and CFA, about smart financial strategies for businesses as the year-end approaches. Douglas shares his extensive knowledge on tax-saving tactics, business accounting, and financial planning, aiming to help business owners maximize their tax returns and keep more money in their pockets. As tax season looms on the horizon, Douglas's expert advice is especially pertinent. Throughout the conversation, Douglas delves into various strategies for minimizing tax liabilities, discussing everything from different business structures like S Corps and C Corps to the importance of understanding cash flow and business accounting. He offers insights into how businesses can leverage opportunities for tax deductions, highlighting the need for strategic financial planning throughout the year. The importance of having a knowledgeable tax advisor is also emphasized, with Douglas warning against the risks of poorly managed finances and tax filings. Key Takeaways: End-of-Year Tax Strategies: Business owners should focus on maximizing their tax efficiency before the end of the year, utilizing strategies such as HSA contributions, equipment purchases, and appropriate salary distributions. Business Structure Insights: Choosing the right business structure (e.g., S Corp, C Corp) is crucial for tax efficiency and should align with your overall financial strategy. Professional Financial Advice: Engage a qualified CPA for expert financial advice and ensure you are not overpaying on taxes. Relying on professional help can unveil potential savings. Importance of Documentation: Meticulous record-keeping and proper documentation of business expenses are essential and can lead to significant savings if managed correctly. Cash Flow Management: Douglas highlights the critical nature of cash flow management for businesses, asserting that understanding and predicting cash flow are crucial for sustaining and growing a business. Notable Quotes: "Billionaires do pay taxes. They don't overpay taxes. You shouldn't overpay your taxes either." "What are you going to do different next quarter that you didn't do this quarter?" "Fulfill your obligations, but don't pay more than you absolutely have to. There's a lot more that people leave on the table than they realize." "Don't cheat on your taxes. It's not worth the risk when you can save in legal ways." "Cash flow is the lifeline of any business. Knowing where your business stands today and where it's headed is crucial."

Required Minimum Distributions (RMDs) can create unexpected tax burdens and impact your retirement income strategy if you're not prepared. In this episode, we break down six smart financial moves to make before RMDs begin at age 73, so you can stay in control of your taxes, income, and investment strategy. Whether you're approaching RMD age or helping a parent prepare, this episode gives you the tools to protect your wealth and avoid common retirement pitfalls. 0:19 - Winners & Laggards in Earnings Season 4:30 - Earnings Season Beats Are Not Being Rewarded 9:39 - Time to Think About Taxes and RMD's 14:34 - Changes to RMD Rules 17:16 - Tapping the IRA First 20:01 - Qualified Charitable Distributions (QCD) 22:12 - RMD Deferral 25:43 - The Backdoor Roth 27:00 - Tax Savings with 401k 29:25 - The Retirement "Smile" 32:35 - When's the Best Time to Take RMD? 36:24 - Special Considerations 37:46 - Adulting at the Library Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=G0B99SnHJ4U&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=24s ------- The latest installment of our new feature, Before the Bell, "Earnings Beat, Stocks Drop" is here: https://www.youtube.com/watch?v=6B2pV8tKyHw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our Previous Show, "Smart or Risky? How Investors Are Adapting to Today's Markets," is here: https://www.youtube.com/watch?v=GyKGGi6LSV8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketUpdate #EarningsSeason #StockMarket #RiskManagement #Investing #RetirementPlanning #FinancialAdvice #TaxStrategy

Aligator Tours and Tax Savings.

Most business owners think making more money is the key to building wealth. The truth? It's keeping more of what you earn. In this episode, Tiffany Phillips shares powerful tax strategies that wealthy entrepreneurs use to slash tax bills and grow long-term wealth. You'll learn how to use rental property, cost segregation, 1031 exchanges, and capital loss harvesting to unlock major tax savings before December 31. She also explains how high-income earners use oil and gas deductions to cut taxes fast. Every strategy is time-sensitive, and waiting even a week could cost you thousands. This isn't theory—these are proven strategies that save business owners real money every year. Don't let the IRS take more than their share. Hit play now and discover how to protect your income, make smarter money decisions, and set yourself up for lasting wealth.   Next Steps:

Suze reviews the past week in the markets and then we go to Suze School for a lesson about whether you really get a true tax savings, by writing off your mortgage payments. Watch Suze’s YouTube Channel Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3GGet your savings going with Alliant Credit Union: https://bit.ly/3rg0YioGet Suze’s special offers for podcast listeners at suzeorman.com/offerJoin Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.

The One Big Beautiful Bill has passed, and it could put thousands of dollars back in your pocket. In this episode, we're breaking down how this powerful piece of legislation could help lower your tax bill and supercharge your returns, whether you're relatively new to real estate investing or actively scaling your portfolio!   Welcome back to the Real Estate Rookie podcast! Today, we're joined by Amanda Han and Matt MacFarland from Keystone CPA, who break down the latest tax bill, what it means for rookie investors, and a few of the best tax strategies to implement. We'll cover things like 100% bonus depreciation, cost segregation studies, and the short-term rental loophole. You'll even learn about the extended qualified business income (QBI) deduction that benefits many Americans—including real estate investors!   But that's not all. We'll also provide realistic examples of how a rookie can double their write-offs, the “marriage loophole” that helps couples maximize their tax savings, and the biggest (and most expensive) rookie tax mistakes to avoid at all costs! In This Episode We Cover How the One Big Beautiful Bill could more than double your tax savings in 2025 Why 100% bonus depreciation is a game-changer for real estate investors The short-term rental loophole that could help offset your W-2 income by thousands How to use a cost segregation study to accelerate property deductions The “marriage loophole” high earners use to lower their taxable income Tweaking your investing strategy to maximize your tax breaks And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-615 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.  Learn more about your ad choices. Visit megaphone.fm/adchoices