Podcasts about tax strategist

You may already have capital gains this year, but that does not always mean the tax bill is locked in. In this episode, Tiffany Phillips, CPA and Tax Strategist, breaks down how one client used tax-loss harvesting to offset $47,000 in capital gains before year-end. You'll learn how the 61-day wash-sale window works, why automatic reinvestments can create problems, and how specific-lot identification can change your tax savings. Tiffany also explains what happens when your losses are larger than your gains and how unused losses can carry forward. This is tax planning you have to do while the calendar is still open. If you have gains and investments sitting at a loss, this episode will show you what to review before December 31. Next Steps:

Your business can look successful and still be losing money. In this episode, Tiffany Phillips, CPA and Tax Strategist, breaks down the accounting and finance basics every business owner should understand. You'll learn what your income statement, balance sheet, and cash flow statement actually tell you, and why revenue is not the same as profit. Tiffany also explains cash versus accrual accounting, profit margins, break-even points, cash flow forecasting, and the numbers that can help you make smarter money decisions. You do not need to become an accountant. You just need enough business finance knowledge to understand what is really happening with your money. If you are tired of guessing whether your business is truly profitable, listen now. These numbers could change the way you run your business. Next Steps:

Your tax bill is not decided when you file in April. Many of your best opportunities for tax savings happen before the year ends. In this episode, Tiffany Phillips, CPA and Tax Strategist, shares five Q4 tax planning moves business owners should review now. You'll learn why a tax projection comes first, how retirement planning can create more options, when timing income and business purchases may help, and why Accountable Plan reimbursements deserve a year-end review. Tiffany also explains estimated tax payments, safe harbor rules, Section 179, charitable bunching, and tax-loss harvesting. These are practical tax strategies designed to help you make smarter decisions before your options disappear. You still have time to take action, but the clock is running. Listen now and find out what should be on your year-end tax checklist. Next Steps:

What if everything you thought about taxes was costing you money? CPA and tax strategist Catrina Craft went from drowning in $100K of debt and losing 80% of her income overnight to becoming the fractional CFO that million-dollar business owner's trust. In this episode, Catrina breaks down why reactive tax prep is leaving entrepreneurs broke, what the ultra-wealthy actually do with their money (and why you're not hearing about it), and how her Craft Money Map framework gives everyday founders access to the same wealth-building strategies as the top 1%. If you're ready to stop handing over your hard-earned money and start keeping more of what you earn, this one's for you. Connect with Catrina at craftmoneymap.com.  

Here's a question most practice owners don't ask their accountant: Do I actually owe this much? In this episode, Tracy Cherpeski talks with Rachel Michaelov, an Enrolled Agent and tax strategist who works exclusively with high-earning healthcare professionals. Rachel is the founder of Empire Tax Advisors and Practice Wealth Partners, and she has one mission: help doctors and dentists stop overpaying their taxes.  Rachel shares why most healthcare providers work with reactive CPAs instead of proactive tax strategists, the three most expensive mistakes she sees practice owners making, and strategies like cost segregation and R&D credits that could save you hundreds of thousands of dollars. She walks through a real example: a doctor with a $1.2 million tax liability who ended up with a $24,000 refund.  If you've ever felt like financial stress is stealing your time, your peace of mind, or your ability to reward your team, this conversation is for you. Rachel gets real about why this matters for your life, not just your spreadsheet.    Read the full show notes, memorable quotes, and key takeaways.  Connect With Us:  Be a Guest on the Show  Thriving Practice Community  Schedule Strategy Session with Tracy  Tracy's LinkedIn 

Catrina M. Craft, a top-tier tax strategist, shares essential insights on avoiding common tax mistakes, structuring your business effectively, and the importance of proactive planning to protect your assets and maximize wealth.“Inaction is really dangerous because what happens is it just builds up, it compounds.”Chapters00:00 Risks of Asset Seizure and Frozen Accounts01:09 Introduction of Katrina Kraft and Episode Overview02:21 Misconception: Tax Professionals Save You Money03:44 The Role of a Tax Strategist in Planning05:07 Importance of Business Structure and Goals07:20 Holistic Approach to Business Formation and Strategy09:57 Common Frustrations of Entrepreneurs11:16 The Limitations of AI and the Importance of Human Expertise13:21 Using AI Tools Responsibly in Tax Planning15:45 The Dangers of Paralyzing Fear and Not Filing17:08 Consequences of Not Filing Taxes and Asset Seizure18:36 How to Connect with Katrina for Tax Strategies“If you need help, pay for that because it's cheaper to pay for help than to pay the IRS those penalties and interests.”Additional Key Takeaways*Differences between bookkeepers, CPAs, and tax strategists*Avoiding Tax Seizures: Protect Your Assets Now*The importance of proactive tax planning*Risks of not filing taxes and how to avoid penaltiesEPISODE #1/10: Unlocking Tax Strategies for Entrepreneurs: January 26, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18570362-unlocking-tax-strategies-for-entrepreneursEPISODE #2/10: Unlocking Home Office Deductions February 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18646020-unlocking-home-office-deductionsEPISODE #3/10: Hidden Tax Strategies Revealed: March 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedEPISODE #4/10: Strategic Family Travel & Tax Benefits: June 10, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedSend us Fan MailSupport the showRemember to subscribe for the next episode. Show Sponsor: ComingAlive PodcastProduction.com (Download your Podcast Launch Checklist for only $1 here)Music Credits: Copyright Free Music from Adventure by MusicbyAden.

Cameron is joined by Alexis Gallati, Founder & Tax Strategist at Cerebral Tax Advisors, to explore the critical role of tax planning for practice owners. They discuss the importance of having a tax strategist versus a traditional CPA, recognizing when to seek expert advice, and various strategies to optimize tax savings. Key topics include understanding ordinary income, the implications of entity structure, maximizing deductions, and retirement account strategies such as backdoor Roth IRAs and 401(k) plans. They emphasize the need for proactive tax planning to preserve wealth and enhance financial outcomes for medical practice owners. Cameron and Alexis talk about various strategies for maximizing retirement contributions, involving children in financial planning, leveraging equipment for tax benefits, and utilizing real estate as a wealth-building strategy. They highlight the importance of proper planning and education in financial matters, as well as the potential for significant tax savings through strategic investments and contributions. Listen In!Thank you for listening to this episode of Medical Millionaire!Takeaways:Tax optimization is crucial for practice owners.Most CPAs focus on historical data, not future planning.Recognizing when to seek a tax strategist is key.Ordinary income is taxed differently than passive income.Entity structure impacts tax liabilities significantly.Maximizing deductions can lead to substantial savings.Understanding basis is essential for tax planning.Retirement accounts offer significant tax-saving opportunities.The backdoor Roth IRA is a strategy for high earners.401(k) plans can provide both pre-tax and post-tax benefits. Maxing out retirement contributions can lead to significant savings.Cash balance plans allow for higher retirement contributions.Involving children in the family business can provide tax benefits.Children can earn money and contribute to their Roth IRAs.Equipment purchases can be written off using Section 179.Bonus depreciation allows for immediate tax deductions on equipment.Real estate can be used to offset ordinary income through depreciation.Proper documentation is crucial for tax strategies.Planning ahead is essential for financial success.Working with a knowledgeable tax strategist can maximize benefits.Medical Millionaire: The Blueprint for Scaling a World-Class Medical Aesthetics PracticeWelcome to Medical Millionaire, the go-to podcast for forward-thinking Medspa owners, Medical Aesthetics leaders, Plastic Surgery & Dermatology practices, Concierge Wellness clinics, and Elective Healthcare entrepreneurs who are ready to scale with intention and operate like a true, high-performing business.If you're building, growing, optimizing, or preparing to exit your aesthetics or wellness practice, this show is your competitive advantage.Hosted by Cameron Hemphill Your Guide to Sustainable, Scalable Growth Your host, Cameron Hemphill, is one of the most trusted growth strategists in Medical Aesthetics and Elective Wellness.With over 10 years in the industry, Cameron has helped scale 1,000+ practices and more than 2,300 providers, working alongside the most recognized KOLs, national brands, EMRs, tech companies, and private equity groups, shaping the future of aesthetics. From marketing to operations, from finance to leadership, Cameron brings a real-world, data-driven perspective on what it takes to turn a practice into a powerful business engine.What This Podcast Is All About: Each episode takes you behind the scenes of the fastest-growing practices in the country, revealing the systems, strategies, and mindset required to win in today's Medical Aesthetics landscape.Expect tactical insights, step-by-step frameworks, and conversations with:Industry thought leadersTop injectors & medical directorsEMR & tech innovatorsOperations expertsMarketing strategistsPrivate equity & M&A advisorsWellness and longevity pioneersThis is where aesthetics, business, technology, and wellness converge. What You'll Learn on Medical Millionaire Every week, you'll access expert guidance to help you scale profitably and predictably, including:Marketing & Brand PositioningCRM + Lead Management SystemsPatient Acquisition & ConversionEMR Optimization & Tech Stack ArchitectureSales Psychology & Consultation MasteryFinance, KPIs, and Practice EconomicsOperational Workflows & AutomationIndustry Trends Backed by Real Benchmark DataPatient Retention & Lifetime Value ExpansionMindset, Leadership & Team DevelopmentWhether you're opening your first location or running a multi-million-dollar enterprise, you'll gain the clarity and direction to grow with confidence. A Show Designed for Every Stage of Practice Growth Medical Millionaire breaks down the journey into four essential stages, showing you exactly how to move from one to the next:Startup – Build the foundation and attract your first wave of patientsGrowth – Scale revenue, expand services, and strengthen operationsOptimize – Increase efficiency, margins, and customer experienceExit – Prepare your practice for maximum valuation and acquisitionIf You're Ready to Grow, This Is Where You Start. Tune in weekly for actionable insights, expert interviews, and the exact playbooks high-performing practices use to dominate their markets. This is the podcast for Medspa owners who want more than a job; they want a scalable, profitable, industry-leading business. Welcome to Medical Millionaire.Let's build your practice into the empire it deserves to be.

When Melanie and her dad started One Stop, everything looked good on paper. But somewhere between the vision and the reality, things started to crack. What came next was a decision that changed everything, and a lesson most firm owners only learn the hard way.✅ Why the external partnership model was costing them clients and what they did about it ✅ What it looks like to have a coach who has already walked the same path ✅ How stopping trying to figure it out alone and just working a proven plan changed the game ✅ Why losing control of the client experience was the wake-up call that changed everything ✅ Why bringing in an external third party changed the way the whole family business operated ✅ What freedom actually looks like when you build the firm around your life and not the other way aroundIf you have been holding everything together and wondering when you get to step back, this episode is your reminder that the right system and the right support can fix what feels broken faster than you think.________________  PS: Whenever you're ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:   1. Download our famous Wize Freedom Map for FREE - Find out the 96 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 2. Need to Hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here

Most lawyers know how to make money — but not how to keep it. Sterling Louviere, financial strategist and founder of Financial Architects, has spent about 30 years developing and applying advanced, legal tax mitigation strategies used by the “super affluent,” and he now uses these strategies to help high-earning trial lawyers reduce their tax liabilities. Sterling joins host Dan Ambrose to reveal strategies most accountants have never heard of, including why the tax system is largely voluntary, how a lawyer earning $3 million a year can cut their tax bill by at least $750,000, and why the SEP plan your accountant recommended may be the worst tool available. Don't miss this episode for practical tax-reduction strategies, including entity structuring, family hiring, and tax-deferred investment vehicles designed to compound over time.Train and Connect with the Titans☑️ Sterling Louviere | LinkedIn☑️ Financial Architects☑️ Trial Lawyers University☑️ TLU On Demand Instant access to live lectures, case analysis, and skills training videos☑️ TLU on X | Facebook | Instagram | LinkedIn☑️ Subscribe Apple Podcasts | Spotify | YouTube2026 Programming☑️ TLU Beach, June 3-6, Huntington Beach, CAEpisode SnapshotMost trial lawyers are excellent at making money but aren't always given the tools to keep it. Sterling Louviere has built his business around helping attorneys close that gap through tax mitigation, asset management, and firm growth strategies.Sterling says most taxes are “voluntary” and that the super affluent use proven, legal techniques to mitigate millions in tax liability that remain largely unknown to most accountants and their clients.After earning the equivalent of $300,000 a year at age 24, Sterling ran into his own tax trouble — and that experience became the catalyst for a 30-year career studying every legal tax strategy available to high-income professionals.For lawyers earning between $1-$3 million per year, Sterling says he can reduce their tax liability by at least half — representing potential savings of $750,000 or more annually.The Augusta Rule enables homeowners to rent their personal home to their own business entity for up to 14 days per year — the income is non-taxable to the owner and deductible for the company.How to build a self-perpetuating investment fund that keeps capital working tax-deferred, allowing you to borrow against the pool for cases, real estate, or other investments without paying tax on the original income.Sterling's closing challenge: a CFO's first job is to minimize the company's tax liability — and for trial lawyers who are also business owners, that same obligation applies to their own firms.Produced and Powered by LawPods

Deepan Patel explains his role at the IRS. While the IRS has many types of lawyers, he focuses on business taxpayer guidance, which ensures certainty for businesses making major decisions. He describes how he got into tax, where his career might go, and trade-offs between government and private practice. Deepan is a graduate of Florida State University College of Law.This episode is hosted by Kyle McEntee.Mentioned in this episode:Access LawHub today!Learn more about Juno and private student loansHaynes Boone LLPLearn more about Haynes Boone LLPLearn more about Juno and private student loans

Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Host: Ben Criddle (@criddlebenjamin) and Co-Host: (ronthe3manweav)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676

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 

Valaise Smith is the Founder of Tried and True Financial, Tax Strategist, and author of "Bookkeeping For Business Owners."During the pod we talk about Smith's journey, passion, and what led her to her dream job.#BaxtersBuzz #FinancialLiteracy#BusinessOrder her book today: https://a.co/d/087SJDnN

Believe it or not, income taxes can become the biggest expense for entrepreneurs. Yet most people approach tax planning reactively, missing powerful opportunities hiding in plain sight.Today's guest helps investors get ahead of the game by treating tax strategy not as compliance, but as one of the most important wealth-building tools available.Karlton Dennis is one of the leading tax strategists in the country and the founder of Tax Alchemy. Through his work with high-earning entrepreneurs, he helps clients legally reduce taxes, increase cash flow, and reinvest capital intentionally rather than giving it away unnecessarily.In our conversation, Karlton breaks down why proactive tax planning often delivers higher returns than any investment deal—and how understanding the tax code allows you to keep more money working for you, with more investment opportunities, year after year.In this episode, you'll learn: ✅ Why investing in world-class tax strategy can outperform real estate, private equity, and traditional investments.✅ The most common tax preparation mistakes that cost business owners tens of thousands per year.✅ Which tax strategies attract IRS scrutiny and how to use the tax code to your advantage without crossing red lines.Show Notes: LifestyleInvestor.com/276Tax Strategy MasterclassIf you're interested in learning more about Tax Strategy and how YOU can apply 28 of the best, most effective strategies right away, check out our BRAND NEW Tax Strategy Masterclass: www.lifestyleinvestor.com/taxStrategy Session For a limited time, my team is hosting free, personalized consultation calls to learn more about your goals and determine which of our courses or masterminds will get you to the next level. To book your free session, visit LifestyleInvestor.com/consultationThe Lifestyle Investor InsiderJoin The Lifestyle Investor Insider, our brand new AI - curated newsletter - FREE for all podcast listeners for a limited time: www.lifestyleinvestor.com/insiderRate & ReviewIf you enjoyed today's episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review.Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, Ashley sits down with Barbara Schreihans, an expert tax strategist who has helped our business save over six figures in taxes. They break down the simple, practical things every entrepreneur should know to keep more of their money. You'll learn:

Send us a textJoin your host Clifton Pope as he is joined by Tax Strategist, Credit Expert, Award Winning TV and Radio Show Host of the School of Wealth Show, best selling author, and entrepreneur: Rondi Lambeth!Rondi Lambeth's work speaks for itself as it has been seen on ABC, CBS, CNN, Fox News, and NBC!This is PT. 1 of our legendary 2 part conversation as we dive into the background of Rondi as a firefighter  and how those skills and values translated into his approach to financial advisory services and credit optimization!We also dive into the genesis of Fortress Credit Pro and its transformative strategies along with kicking off our discussion into financial structuring regarding corporate structuring and asset protection plus how small business owners can successfully implement these strategies!If you tune into my solocast of the Future Fortune Series every month, this episode is for you and right up your alley!Follow Rondi Lambeth on all social media platforms like Tiktok, Facebook, Instagram, and LInkedin at @rondilambethVisit Rondilambeth.com to follow his journey as well!Hit that follow/subscribe button so you don't miss a single episode of the show on Apple/Spotify Podcasts/Rumble!Visit https://buymeacoffee.com/cphfwb to support the show and join the community with your single donation to your choice of 3 tiers with exclusive benefits to choose from with each tier!Leave a rating/review to help grow the show as it truly helps in empowering more like-minded individuals with information provided by Clifton Pope and all guests involved with the show!Thank you for the love and support! Support the showhttps://athleticism.com/HEALTHFWEALTHB https://coolgreenclothing.com/HEALTHFITNESSWEALTHBUSINESS https://normotim.com/HEALTHFIT https://www.portablemeshnebulizer.com/pages/collab?dt_id=2573900official affiliates of the HFWB Podcast Series Please support the mission behind each product/services as it helps grow the HFWB Podcast Series to where the show can continue to roll along!

On this GEMS Radio Segment, we discuss the following Your gifts will make room for you. Are you truly embracing your gifts and talents?- What is your purpose?- Would you say your passion intertwines with your purpose?- Are you doing something that fulfills you and makes a lasting impact?- How do you give back to yourself and serve others?FREDDY CRUZFreddy is the founder of Speke Podcasting, which produces top-ranked shows like Let's Talk About Your Breasts, The Final Curtain Never Closes, Beauty Unveiled and many more!PRECIOUS RUTLINPrecious Rutlin is a Business & Tax Strategist and former Certified Trichologist who knows what it means to lead with purpose across industries. With 22+ years in accounting, audit, and compliance, she helps individuals and business owners clean up back taxes and tackle financial messes — without fear or overwhelm. Before shifting full-time into finance, she built a holistic hair restoration business supporting women and beauty pros through hair loss, earning features in Bustle, Byrdie, and more. Whether it's IRS notices or confidence struggles behind the chair, Precious is all about helping women overcome obstacles and take the lead — in life, business, and beyond.DR. HUNI BAK ATUNHuni Bak Atun (tribal)    bkaMaster Ptah Majik Man Heru is a 2022 IIRHOF Broadcasting Lifetime Achiever!2020 International Internet Radio Hall of Fame Broadcasting Enshrine and Two-time WBNN Host Of The Year 2018  & 2020 MISS RONDA JACKSONMiss Ronda Jackson began her journey as an interior designer and evolved into a licensed contractor, premium Benjamin Moore paint store owner, and now, community builder. As founder of Paint on Purpose™, she created a workforce and entrepreneurship initiative that transforms under-resourced communities through trade skills, leadership development, and ownership pathways. Her mission is to restore economic dignity and creative power—one brush stroke at a time. Through coaching, advocacy, and hands-on programs, she's helping others use their gifts to paint new possibilities.Founder, In the Mix & Studio D Contract FinishesAuthor, Stay the Course: Surviving the 9 Hellish Holes of Entrepreneurship  ronda@designsbydecor.com (310) 927-8644 linktr.ee/missrondajacksonDR. NASHAY LOWEDr. Nashay Lowe is the Founder of Lowe Insights Consulting and host of The Resolution Room podcast. As a conflict provention strategist, scholar-practitioner, and international mediator, she specializes in helping leaders and organizations transform tension into clarity, connection, and growth. With a Ph.D. in International Conflict Management and experience spanning more than 30 countries, Dr. Lowe has guided schools, nonprofits, corporations, and communities in building healthier cultures and stronger systems. Her work blends research, empathy, and practical tools to empower people to face challenges with confidence and create lasting impact.Dr. Nashay LoweFounder, Lowe Insights Consulting nlo@loweinsights.com www.loweinsights.comGENESIS'S CALL TO ACTIONSubscribe / Follow GEMS with Genesis Amaris Kemp podcast on audio platform & YouTube channel, Hit the notifications bell so you don't miss any content, and share with family/friends.  GENESIS'S INFOhttps://genesisamariskemp.net/genesisamariskemp

In this conversation, Rondi Lambeth shares his journey from a firefighter to a tax strategist, emphasizing the importance of understanding tax strategies for both W-2 employees and business owners. He discusses how many people, including high earners, often fail to manage their taxes effectively, leading to significant financial losses. Rondi highlights the difference between CPAs and tax strategists, advocating for proactive tax planning and education. He also explains how individuals can leverage their homes for tax benefits and the importance of financial literacy in navigating the tax system.   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   —--------------------

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I dive into some of the most common tax questions I get from my communities, including how to properly report rental days for short-term rentals, the pros and cons of doing a cost segregation study, and how bonus depreciation really works. I also talk about when it makes sense to hire a CPA versus a tax strategist and explain the differences between the two. With examples from real clients and situations I've seen firsthand, I break down complex topics into practical insights.Timestamps:00:00:00 Intro 00:00:29 Communities I pull questions from 00:01:00 STR rental days – actual vs. available 00:02:12 Impact on deductions and personal use days 00:03:53 Lending implications of incorrect rental day reporting 00:04:33 Cost segregation vs. not doing it 00:05:36 Bonus depreciation explained 00:06:24 1031 exchange considerations and deadlines 00:07:51 Alternatives to 1031 exchanges 00:08:36 When to hire a CPA vs. a tax strategist 00:09:41 What tax strategists do differently 00:10:41 CPA vs. strategist – two skill sets 00:11:13 Why multiple businesses and properties need strategy 00:12:07 Outro Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Apple Podcast Description: In this episode of the Inner Edison Podcast, host Ed Parcaut sits down with Jeff Trapp, an experienced tax strategist and founder of Tax Planning Pros. Jeff clarifies the differences between an Enrolled Agent (EA) and a CPA, shares candid stories about his path into the tax field, and offers practical advice for business owners on proactive tax planning. Listen in as Jeff reveals common tax mistakes, the importance of building your personal brand, and key tips for keeping your books in order. Whether you're a solo entrepreneur or a seasoned business owner, this episode is packed with timely insights on saving money, building wealth, and navigating the complex world of taxes. Plus, discover how Jeff overcame setbacks to launch his own successful firm and what you should be asking your accountant to maximize your financial legacy. Learn more about Jeff at taxplanningpros.com and get inspired to take control of your business—and your taxes—today! **Contact Ed Parcaut:** -

What separates the average franchisee from the elite? In this solo episode, Erik Van Horn shares the exit playbook used by top-performing franchisees to scale, systemize, and cash out for millions. Discover how to go from franchise operator to investor, build a sellable franchise business, and protect your wealth with smart tax strategies and capital allocation.   Learn the secrets behind:   -Structuring a business for exit -Buying tired franchises and turning them around -Tax strategies every entrepreneur should know -Investor identity and risk mitigation -Avoiding the biggest mistakes after a big payday   Whether you're just getting started or preparing to exit, this episode gives you the tools, mindset, and playbook to build serious wealth through franchising.   Timestamps: 00:00 – From Operator to Investor: The Big Shift 02:18 – Replacing Your Income vs. Building Wealth 03:09 – Multi-Million Dollar Exit Strategy 06:38 – Learning the Investing Game 07:50 – How to Build a Sellable Franchise 08:57 – Buying Out Tired Franchisees 10:44 – Real Estate Risks When Acquiring Locations 13:35 – Resources: Franchise Secrets Facebook & Mastermind 14:48 – Buying Performing Assets and Doubling ROI 16:27 – Cash Flow vs. EBITDA: What Really Matters 17:43 – How to Exit Without Fully Exiting 18:45 – Find a CPA Who's a Tax Strategist 21:05 – Rookie Investor Mistakes to Avoid 24:01 – What Real Downside Protection Looks Like 27:10 – Define Your Investor Identity    Connect with Erik Van Horn:

Learn key tax-saving strategies and wealth-building insights from Larry D. West III as he chats with Mattias on The REI Agent Podcast. Dive into proactive planning and estate strategies to safeguard your financial future(00:03) - Introduction to The REI Agent Podcast(00:15) - Solo Hosting: Mattias Introduces the Episode Without Erica(00:45) - Audience Feedback Request: Intro Format Preferences(01:10) - Growth Support Request: Subscriptions and Reviews(02:00) - Guest Introduction: Larry D. West III, Tax Strategist(02:45) - Mattias on Tax Strategy's Importance for Real Estate(03:15) - Conversation with Larry D. West Begins(04:00) - Larry's Background: Journey into Tax Strategy(05:30) - Differences Between Accountants and Tax Strategists(06:45) - Strategies for Agents and Investors(08:10) - Introductory Tax Strategy Basics for Real Estate ProfessionalsContact Larry D. West III PB Strategies Global Services Facebook Instagram LinkedIn TikTok X--For more actionable content like this, visit reiagent.com

This week on the Life Changing Money podcast, Barbara Schreihans sits down with Emily Countryman, CEO and founder of Shift Set Go, to uncover the strategies behind building a successful weight loss business and maintaining personal wellness.If you've ever wondered how to grow a health-focused company or balance a hectic schedule with self-care, this episode is for you!Emily shares actionable insights on:

Pam Jordan is a no-nonsense financial expert and speaker who specializes in analyzing and streamlining the financial backend of fast-growing companies. With a hands-on approach, she helps business owners navigate the unpredictable roller coaster of cash flow, transforming financial chaos into strategic, sustainable growth.After experiencing firsthand the highs and lows of business finance, Pam made it her mission to master the mechanics of profitability. Now, she engineers custom financial strategies that eliminate fear and uncertainty, guiding entrepreneurs toward their most profitable years.Known for her straightforward advice and ability to simplify complex financial concepts, Pam cuts through the noise of so-called “expert” talk with real-world experience and results. She doesn't just talk about profitability—she builds it, one business at a time. Whether she's rolling up her sleeves to solve financial challenges or sharing her insights on stage, Pam delivers candid, actionable strategies that drive success.When she's not helping businesses take control of their numbers, you can find her enjoying an old-fashioned, always ready to talk about how she can help turn financial struggles into financial wins.Our Sponsors:* Check out Kinsta: https://kinsta.com* Check out Mint Mobile: https://mintmobile.com/tmf* Check out Moorings: https://moorings.com* Check out Trust & Will: https://trustandwill.com/TRAVIS* Check out Warby Parker: https://warbyparker.com/travisAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This week on the Life Changing Money podcast, Barbara Schreihans shares the five most overlooked tax deductions that can drastically lower your tax bill.If you've ever wondered whether you're truly maximizing your deductions—or if you've been leaving money on the table—this episode is for you!Barbara lays out practical strategies to ensure you're not missing out on deductions for:

Tax planning isn't just a numbers game it's a strategic art.Join Shauna A. Wekherlien, known as the “Tax Goddess,” as she breaks down hergame-changing “Three-Legged Stool” approach to maximizing tax savings. Shauna,a CPA, MTax, and renowned Tax Strategist, has saved her clients over $1 billionin taxes through custom strategies tailored to business owners, investors, andentrepreneurs. With over 65 team members at Tax Goddess Business Services.Her fully digital firm ranks in the top 1% of U.S. tax strategists. Shauna'sexpertise has been spotlighted on Forbes, CNN Money, Entrepreneur, and more. Inthis episode, Shauna shares actionable insights to minimize tax burdenslegally, maximize deductions, and build a tax-efficient future. Whether you'rea seasoned entrepreneur or just starting, these strategies will transform howyou approach your finances. Tune in and take control of your tax game today!Connect with ourGuest:https://taxgoddess.com/ https://www.linkedin.com/in/taxgoddess/ https://www.facebook.com/thetaxgoddess https://www.instagram.com/thetaxgoddess Book: The 4-hour Workweek - Tim Ferriss: https://amzn.to/4g26fO5 Looking for tax savings and asset protection for your investments?Anderson Business Advisors is your go-to partner. Theyspecialize in assisting business owners and real estate investors in overcominglegal complexities and challenges that often arise.Sign up now for a FREE 45-minute consultation and pave theway to financial success!https://andersonadvisors.com/ss/?utm_... fore&utm_medium=affiliate&utm_content=strategy-session&utm_term=affiliate-portal&ocs=7016f000001auIJAAY&mls=Affiliate&cm=7016f000001auJ2AAI&aff_id=6e3abd00 ❗ SUBSCRIBE TO OUR YOUTUBECHANNEL NOW ❗ ✅ /@icecreamwithinvestors ___Ice Cream with Investors was built on the idea that personalgrowth directly correlates to financial growth. Whether you want to cultivatewealth or well-being, the first step is reframing your mind.On our weekly podcast, we sit down with successful investorsto learn how they strengthen their mindset muscles and make their money go towork for them. We help our listeners gain confidence, nix negative thinking,and drive life-long change through alternative investments.Because in a world that's more pessimistic than not, it's up to us to seek outthe good. And what's more feel-good than ice cream?___

Your Tax Strategist Should be Excited About Your Ideas Want more law firm owner tax and wealth building strategies? Subscribe to my free newsletter - https://bigbirdaccounting.activehosted.com/f/1

Kimberly Tara, CPA, CTC, is a wife, mom to 4 little kids, and a multi-passionate entrepreneur.As a Tax Strategist & Business Growth Advisor, Kimberly & her team partner with CEO Mom Service Providers to maximize revenues, reduce taxes, build wealth, and create a legacy. She believes in fostering a supportive community where CEO Moms are proactively encouraged to learn and ask difficult tax and financial questions so they can understand their numbers and confidently make better business decisions.Through proactive tax strategy and an ongoing, trusting relationship, Kimberly and her team believe in putting more money back in their clients pockets and helping them sustainably grow their business while putting family first. Kimberly is all about finding the balance to live your dream life and be successful at what matters most!TAKEAWAYS:In order for her business to have impact and to scale, Kimberly had to bust through her mental myths and fears about hiring someone. Then she got to a place where she knew having someone else help could serve her clients in an incredible way.Kimberly make short term sacrifices for long-term gain. What she discovered is that there is a time and place for everything. Sometimes you will have to cut certain expenses or temporarily work more, so that later down the line you are able to hire out and work less hours. In order to hire a team member in her business, Kimberly started getting lean with expenses and even took a small pay cut. She and her husband became super mindful of their personal expenses and goals so that she could take a short term pay cut. RESOURCES:Visit the blog post that goes along with this episode for more resourcesSend Kimberly a DM over on InstagramListen to Kimberly's podcast, CEO Moms Building WealthListen to Allison's interview on the CEO Moms Building Wealth podcastSnag a seat in Allison's Sell on Autopilot Masterclass, and learn how to use email marketing to sell while you sleep (or, ‘ya know…live your actual life!)CONNECT WITH ALLISON:Follow Allison on InstagramDID YOU HAVE AN 'AH-HA MOMENT' WHILE LISTENING TO THIS EPISODE?If you found value and are ready to take action from listening to this episode, head to Apple Podcasts and help us reach new audiences by giving the podcast a rating and a review. This helps us to reach more online coaches who are creating a thriving 6-figure business.Music courtesy of www.bensound.com

The word “taxes” makes many break out in a cold sweat, feeling stressed. But it doesn't have to be that way with the proper planning and the right information. In this conversation, I speak with my friend Tatiana Tsoir, an award-winning accountant and business turnaround advisor about the topic of taxes and planning. We will uncover some insights that will help all of us with our end-of-the year planning as well as create a strategy for the future. Takeaways: 1-Taxes are not a once-a-year event. Be proactive all year with accounting. 2-There is a “taxpayer bill of rights.” Are you familiar with it? You can reach Tatiana at: https://www.linzacpa.com  and tatiana@linzaadvisors.com Full article here: https://goalsforyourlife.com/lower-tax-bill Get all our free weekly articles here: https://goalsforyourlife.com/newsletter Resources with tools and guidance for mid-career individuals, professionals & those at the halftime of life seeking growth and fulfillment: http://HalftimeSuccess.com  #organizingtaxes #yearendtaxplanningtips #howtofileyourtaxesasabusinessowner #yearendtaxplanningstrategies #yearendtaxstrategy CHAPTERS: 00:00 - Introduction 01:20 - Tatiana Tsoir 05:22 - Pre-planning Strategies 07:18 - Tax Planning for Small Businesses 11:31 - Understanding the Taxpayer Bill of Rights 12:18 - Importance of a Tax Strategist 21:40 - CPA vs. Tax Strategist: Do You Need Both? 30:40 - Special Training for Tax Professionals 31:15 - Year-End Tax Preparation Tips 34:07 - Importance of Updating Financial Records 35:31 - Cash Basis Accounting Explained 38:50 - IRS Safe Harbor Procedure Overview 40:15 - Author's Journey: Why Write a Book? 43:16 - Key Takeaways for Viewers 44:54 - How to Contact Tatiana Tsoir 45:50 - Outro

"Send us a question/suggestion"We invited Shauna Wekherlien, one of the US' top 1% ranked and highly sought-after tax strategists. Having founded Tax Goddess Business Services, PC in 2004, she has built a large global team of tax specialists who use "plain language" (not tax code) to help her clients create tax opportunities. She shares her tips to manage tax risk legally - enjoy![00:00-05:24] Introduction - How she started as a goddess[05:25-10:01] Treat investments differently[10:02-16:07]  DO THIS before selling properties[16:08-21:24] How to avoid months of delayed sale[21:25-22:40] Empire building = legacy[22:41-26:42] How to find the right CPA for you?[26:43-28:45] Small expenses help[28:46-32:25] When do you need a goddess?[32:26-34:58] Why LLC is important[34:59-36:25] Get Answers from a Tax Strategist[36:26-40:12] Don't delay for better options[40:13-41:39] Expert Q&AMore on YouTUbe? Watch here: https://youtu.be/dTeulR2fNus*** Start taking action right NOW! GRAB OUR EBOOK we give our mentoring clients - for a limited time only! Download episodes to your favorite platforms at idealinvestorshow.com Connect with us through social! We'd love to build a community of like-minded people like YOU!

David Perez is the #1 Tax Strategist known for helping high-income earners reduce or eliminate their tax liability by implementing advanced tax strategies. David is passionate about helping his clients join the Elite 3% of taxpayers who make over $200,000 and pay $0 in federal taxes. In this episode, Christian and Rod sit down with David to talk all things tax strategy, equipment leasing, and deferring taxes to build wealth.   Connect with David: Website: davidaperez.com Facebook: David A. Perez YouTube: @iamdavidaperez   Money Insights is a strategic planning firm that is founded on the principle that "off-the-shelf" products and solutions often do not meet the needs of high-income earners. The Money Insights team works to collaboratively design customized financial solutions that will leave a lasting impact on each of their unique clients.   Visit Money Insights and take the Investor Quiz at https://moneyinsightsgroup.com ! Listen to the Money Insights podcast on Spotify, Apple Podcasts, or at https://moneyinsightsgroup.com/podcast

Click Here for the Show Notes ---------------------------------------------------------------------------------------------------------------- Summary In this episode of the Passive Real Estate Investing show, Marco Santarelli addresses listener questions regarding the establishment of LLCs for asset protection, the importance of insurance policies, managing finances through separate bank accounts for LLCs, and finding a knowledgeable tax strategist for real estate investments. The conversation emphasizes the significance of proper financial management and legal structures in building wealth through real estate. ---------------------------------------------------------------------------------------------------------------- Timestamp 02:24 Setting Up an LLC for Asset Protection 06:39 Understanding Insurance: The Umbrella Policy 09:57 Managing Finances: LLC Bank Accounts 10:27 Finding a Tax Strategist for Real Estate Investors ---------------------------------------------------------------------------------------------------------------- Takeaways It's important to have a separate LLC for each property for asset protection. Umbrella policies can provide additional liability coverage but are rarely used. Always keep personal and LLC finances separate to maintain legal protections. Finding a tax strategist who understands real estate is crucial for effective tax planning. Insurance policies should be reviewed regularly to ensure adequate coverage. Using online services can simplify the process of setting up an LLC. Interview potential tax strategists to gauge their expertise in real estate. Consider local real estate investment groups for referrals to tax professionals. Maintaining good records and separate accounts is essential for LLCs. Understanding the nuances of tax law can significantly impact your investment strategy. ---------------------------------------------------------------------------------------------------------------- Easy, stress-free, and personalized business formation for clever people with big ideas.  Get your FREE LLC up and running fast and hassle-free ---------------------------------------------------------------------------------------------------------------- If you missed our last episode, be sure to listen to TBT: Retire Early with Real Estate – Chad Carson Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW   (Thank you!) SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed  ---------------------------------------------------------------------------------------------------------------- Check Out These Links Norada Real Estate Investments Norada Capital Management #LearningRealEstate #AskMarco #PassiveRealEstateInvesting #Turnkeyproperties #RealEstatePodcast #Investment #investors #RealEstateInvestors #RentalProperties #TurnkeyProperties #NoradaRealEstateInvestments #NoradaCapitalManagement

When I was running my practice, I dreamed of having a tax professional who would do actual tax strategy. Like WAY MORE than just getting behind my Roth conversions or more traditional ideas like QCDs, but someone that could actually sit down with my clients and tell them if they should buy their car through their business, tell them what type of entity they should be, help my boring W-2 clients find clever ways to strategize to save tax dollars well in advance of tax season, figure out a way for them to deduct their Starbucks obsession (and she shares this story in this episode), or if doing an AirBnB makes sense for their lake house… you know what I'm talking about a TAX STRATEGIST… not just a CPA. Enter, Shauna the Tax Goddess. Yes, that's the name of her company and she's known as the Tax Goddess because she is one of the most highly credentialed tax strategists in the United States. In this episode, Shauna gives us a glimpse into the world of tax strategy and how they help advisors' clients get creative and save boatloads of tax dollars without getting into the gray area of the tax code.  We get into: How having deeper conversations leads to unique tax savings opportunitiesHow to turn a hobby into a potential business for your clientsWhat the IRS considers reasonable… and Shauna shares an example that might floor you as it did me!How tax strategy differs from tax preparation and basic tax ideasIf nothing else, you will be entertained by this episode!Schedule a time to learn more about The Tax Goddess and what they can do for your clients! Join the Group Coaching Waitlist HereDownload the Family Tree Template HereEnroll in The Perfect RIA Masterclass HereConnect with Libby on LinkedIn Here!Successful businesses don't get built alone. You need community! You need collaboration! Join us in The Efficient Advisor Community on Facebook.Check out more FREE resources and our FREE video library at http://www.theefficientadvisor.comLooking for all the resources from this episode? Check out this episode's webpage for show notes, transcripts, downloads and more!

Today we're talking all about what a tax strategist is, and more importantly, why you need one in your business. We're chatting about how the right tax strategist won't just get your taxes ready once a year. They'll partner with, educate you, and empower you to make smart choices in your business – so you can keep more of your money, work less, and spend more time with your kids. If you're a CEO Mom who has been overwhelmed by anything tax-related in your business, shocked by a huge tax bill in April, or unsure if you're doing what you need to do to stay compliant with the IRS, then you need to hear this!Links:Work with the Tara CPA FirmTake the Tax Support Navigator to find out how we can ease the stress of tax strategy and prepBEYOND THE HYPE: How to Save $ with S Corps the RIGHT WayRegister now: https://taracpafirm.com/s-corp-masterclass/ Connect with Kimberly on Instagram: https://www.instagram.com/taracpafirm/ Website: https://www.taracpafirm.com/

In this episode, Shannon delves into the often overwhelming world of tax strategy and its true impact on business finances. If you've ever questioned whether you need a tax strategist or simply want to avoid surprise tax bills, this episode is tailor-made for you. Shannon will debunk common myths, highlight the importance of proactive communication with tax professionals, and stress why understanding your financial landscape is more important than chasing every possible deduction. Whether you're an experienced business owner or just starting your entrepreneurial journey, this episode offers valuable insights that could save you thousands and help you scale your business effectively. Get ready to learn and transform your approach to tax planning.   What you'll hear in this episode: 06:38 Don't sacrifice happiness for taxes; prioritize values instead. 10:02 Plan based on tax behavior updates, stress-free. 11:02 Focus on saving discipline and mindset shift.   If you like this episode, check out: Why You Want to Avoid Tax Extensions Think Twice Before Forming a Multi-Owner Business Moving to a Tax-Free State - Worth it?   Want to learn more so you can earn more? 5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on LinkedIn: https://www.linkedin.com/in/shannonweinstein/  Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Find out all the secrets to living your best entrepreneur life from anywhere in the world. Today host Natalie Benamou sits down with Sandra Morno, a tax expert and global traveler, to share her incredible journey of building a successful career that allows her to live and work from anywhere in the world. Sandra dives into how she transitioned from a traditional career path to a life of adventure and freedom, offering practical tips on managing a business remotely and the importance of financial planning. Tune in to hear Sandra's insights on balancing work, travel, and life, and learn how you can create a life that blends your professional ambitions with your personal passions.3 Key Takeaways:Embrace Change and Opportunity: Sandra shares how stepping out of her comfort zone and embracing unexpected opportunities led her to a fulfilling career that aligns with her lifestyle goals.Importance of Financial Planning: Sandra emphasizes the critical role of financial planning in enabling a flexible and mobile lifestyle, offering practical advice on budgeting, accounting software, and tax planning for entrepreneurs.Community and Support Systems: Building and maintaining strong community connections, both online and offline, is crucial when living and working abroad. Sandra highlights how these relationships provide support, safety, and a sense of belonging.3 Quotes:

LifeBlood: We talked about becoming a bookkeeper, why it's a great opportunity for anyone looking for freedom and flexibility, how it can be a wonderful fit for single parents, immigrants, and trauma survivors, and how to get started, with Tatiana Tsoir, CPA, MBA, Tax Strategist, author, and speaker.        Listen to learn why you don't need formal education to have a great career as a bookkeeper! You can learn more about Tatiana at TatianaTsoir.com, Instagram, and LinkedIn. Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee. https://www.buymeacoffee.com/lifeblood

On this week's episode, Rich sits down with Karlton Dennis, one of America's Leading Tax Strategists who focuses on "Tax Free Living" with compliance of Federal and State Tax regulations. Carlton is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning. They dive deep into topics like How to Write off a Private Chef, Revokable vs Irrevokable Trusts, STR Loopholes and placing your spouse or child on your payroll as a business owner. You'll also learn some of the best cars to write off on your taxes for Code Section 179. Connect with Karlton Dennis on Instagram @karltondennis --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

"Where does it all go?"This is a question I often hear from new clients when discussing their revenue. No matter how hard we work and how many clients we bring on board, it can sometimes feel as though our pockets are a little empty at the end of the month. As entrepreneurs, we not only want to make more money, we also want to KEEP more of it! In this episode of The Business of Thinking Big, I chat with money expert Kimberly Tara. As a brilliant Tax Strategist and Business Growth Advisor, Kimberly fosters a supportive community where CEO moms are encouraged to ask the difficult tax and financial questions, so they can confidently make better business decisions.During this juicy and value-packed conversation, we explore the savvy marketing strategies that will help you increase your revenue, and Kim reveals her top three financial tips for holding onto more of the money that you earn.In‌ ‌this‌ ‌episode,‌ ‌you'll discover:‌ ‌3 things every entrepreneur needs to know in order to make more money in their businessThe numbers that you should be monitoring each and every monthWhy consistency is key when it comes to tracking your numbersGuest bio: Kimberly Tara, CPA, CTC, is a wife, mom of 4, and a multi-passionate entrepreneur. As a Tax Strategist and Business Growth Advisor, Kimberly and her team partner with CEO Mom service providers to build wealth through proactive tax strategy and an ongoing, trusting relationship with your CPA. She believes in putting more money back in her clients' pockets and helping them sustainably grow their business while putting family first. Timestamps:‌ ‌00:34  Meet Kimberly Tara02:38  Finding our niches06:36  Mom or badass biz owner?10:14  Co-episode explanation11:48  Post with intention15:16  Prospect18:11  Reframing the sale & knowing what to share20:43  Pitch yourself25:38  Step into your CEO role26:33  Know your numbers29:34  Focus on the right numbers32:20  Building sustainability34:17  Expenses v. investments38:56  Taking ownership41:36  Final tips45:24  ConclusionLinks mentioned:‌ ‌Kimberly Tarataracpafirm.com Facebook: facebook.com/taracpafirm Instagram: @kimberlytaracpa  A-Players Rapid Impact Business Coaching Program—Learn with me: Mamapreneur Success Path - Free Audio Training‌Connect with me:  Facebook: facebook.com/liannekimcoach  Instagram: @liannekimcoachJoin the Mamas & Co. community to get access to valuable resources and the support of likeminded mompreneurs and mentors: mamasandco.com Instagram: @mamasandcoPodcasting support:theultimatecreative.com copymagic.agency

Re-sharing one of our top episodes with Karlton Dennis. Original airdate was on November 16, 2023.Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers. They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars. Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

This episode of the Small Business Origins podcast features guest David Encarnacion, the founder of Day Care Accounting Pro. They discuss David's journey into entrepreneurship, from working various jobs like driving a cab and bartending while attending college, to becoming a stockbroker and eventually an accountant focused on helping daycares. If you have tax questions and would like to limit your liability, this episode is for you!Main discussion points:- The importance of tax planning for small businesses instead of just tax preparation- Common mistakes David sees daycares making with their taxes and entity structure - How proper bookkeeping, payroll, and taxes can help daycares grow their business and retain more of their income- Actionable tax strategies listeners can implement like retirement contributions and bonus depreciation Guest Bio:David is a Tax Strategist, Speaker and Founder of Daycare AccountingPRO. David runs a boutique accounting practice exclusively servicing the Daycare Industry for over 10yrs. David and his team provide modern-day accounting tactics & strategies to help Daycare Owners increase profits, cut cost, pay the least amount to the IRS and put owners on the road where they can focus on building their business so they can ultimately enjoy peace of mind. David has put together a team of strategic thinkers focused on exploring tax strategies, uncovering hidden gems in the tax code, and executing outside-the-box tactics that will increase revenues, save on taxes, and bring unsurmountable VALUE to the Daycare Industry. If Owners are not as financially successful as they want to be, the team will help them to get there. David's mantra is “Daycare Owners suffer from an inherent number of challenges; Accounting should NOT be one”.Key Quotes:"Everyone talks about, without naming any names, all these companies and individuals that are paying 0 in taxes or very little. Well, guess what? That's what you should be following." [00:20:29]"If you're paying tax, you're in a group that doesn't know." [00:36:33] "How much business can you bring in if you had an additional 43 days?" [talking about spending less time on bookkeeping] [00:43:43]Links Mentioned:Daycare AccountingPRO OnlineX (Twitter)InstagramFacebookYouTubeLinkedInTikTokBeefy MarketingSmall Business Origin OnlineSponsor: WingmanJohn Kelley's Links

In today's episode, we'll dive into a topic that often complicates business finances—business travel deductions. Whether you're a solo entrepreneur or managing a team of traveling employees, keeping track of travel expenses can be daunting. But don't worry, I've got you covered. I'll be sharing a smart strategy using GSA per diem rates to simplify this process, ensuring you stay organized and compliant. Plus, I'll sprinkle in some practical tips to make your travel expense tracking hassle-free. Stay tuned for valuable insights that will make your next business trip smoother and more efficient.   What you'll hear in this episode: 03:23 Employees choose necessary incidentals, not transportation costs. 07:11 Control spending on company credit card effectively.   If you like this episode, check out: What They Never Tell You About Depreciation How to Deduct Self-Employed Health Insurance Premiums Should I Hire a Tax Strategist?   Want to learn more so you can earn more? Transform your small business journey – download the Small Business $tarter Kit here. Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In today's episode, we're diving into one of the less talked about aspects of tax deductions: depreciation, and specifically, depreciation recapture. We'll unravel the intricacies of bonus depreciation and Section 179, and reveal why these strategies might seem like tax eliminators but are often just tax deferrals. Plus, you'll learn how selling your business assets can lead to unexpected tax consequences. Stay tuned for actionable tips on how to navigate these financial nuances and safeguard your business's wealth.   What you'll hear in this episode: 05:21 Consult tax advisor before selling business or assets. 07:26 Foundational business resources for successful startup.   If you like this episode, check out: Should I Hire a Tax Strategist? How to Read Your Tax Return S Corp Salary Explained Like a 3rd Grader   Want to learn more so you can earn more? Transform your small business journey – download the Small Business $tarter Kit here. Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In today's episode, we'll be tackling a crucial topic for those of you who have transitioned from being employees to becoming self-employed or small business owners—deducting self-employed health insurance premiums. Navigating the intricacies of health insurance as an entrepreneur can be daunting, especially when it comes to tax deductions. We'll break down everything you need to know, whether you're a sole proprietor, single-member LLC, or operate under an S corporation or C corporation. From understanding where to report your premiums on your tax return to making sure you get the maximum deduction, this episode is packed with actionable insights.   What you'll hear in this episode: 04:45 Use an accountable plan for business reimbursements. 07:46 Filing through corporation saves on taxes.   If you like this episode, check out: Should I Hire a Tax Strategist? How to Read Your Tax Return S Corp Salary Explained Like a 3rd Grader   Want to learn more so you can earn more? Join Gusto today and get a $100 Visa Gift Card Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

On today's episode, Rich sits down with Amanda Han – Real Estate CPA, Tax Strategist, and Managing Director of Keystone CPA. CPA by day and real estate investor by night, Amanda Han is a tax expert who helps entrepreneurs and real estate investors save money. When she's not busy helping others with their taxes, she's looking into the numbers to help leverage her own real estate portfolio. She's been featured on Money Magazine, Google, and Forbes.Rich and Amanda start off by discussing the podcast voice, the times that are most fulfilling in business, connecting with Karlton Dennis and Bethany LaFlam, Weezer, yacht parties, 506b and 506c syndications, what you need to scale up deals,  international interest rates, using debt to create tax benefits, cashflow and hold periods, lazy 1031 exchanges, and finding the right CPA.They then reflect on 100% bonus depreciation and current politics, the IRS and syndication returns, the CPA pay scale working for the government, the step up tax basis, the disconnect of passing down wealth, what happens when you're audited, and cost segregation studies. Lastly, they talk about down payments and roll overs, Amanda's advice for Rich's companies and properties, Yachts, Code section 179 and exotic car clubs, STR Tax loopholes, and taxing unrealized gains.Connect with Amanda on Instagram: @amanda_han_cpa--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

In today's episode, we're diving into the realm of tax strategists. I'll be sorting out the hype from the truth and guiding you on whether you genuinely need a tax strategist or if you're simply buying into the marketing noise. We'll talk about the problems that a tax strategist can solve for you, why a close relationship with your CPA might be what you truly need, and how to steer your business towards wealth without letting tax worries slow you down. And for those of you stressed about high tax bills, I've got insights that might just change your perspective. Stick around to finally learn how to make tax planning empowering, not daunting. Let's get into it.   What you'll hear in this episode: 07:04 California has high taxes, but estimation process. 09:17 Plan taxes around lifestyle, not vice versa. 12:37 Focus on earning, planning, and professional advice.   If you like this episode, check out: How to Read Your Tax Return S Corp Salary Explained Like a 3rd Grader CFO Q&A - Tax Estimates   Want to learn more so you can earn more? Join Gusto today and get a $100 Visa Gift Card Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

On this weeks episode Steven is joined by an Advisor who is generously sharing what worked so well for him as he built and sold a planning practice across multiple decades. Derrick Kinney, host of the Good Money Podcast, gives specific approaches he has used and coached advisors on that he has seen produce results time and again. His recommendations are not on specific tax principles but give Advisors the tools to communicate in a way that is going to have lasting impact. https://zurl.co/Lglt

On today's "Saturday Edition" episode, Rich is joined by co-host Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber, to answer the top question of the week that was sent in by our listeners. Rich and Karlton reflect on how to save on income taxes this year and fully analyze what cost segregation studies actually are. They also discuss the 14 day rule, the 7-7-1 strategy, grouping elections, the personal use test, and how to utilize ADUs. If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned every Saturday to see if it's featured!Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

Rich sits down with Karlton Dennis - a Licensed Enrolled Agent, Tax Strategist, Forbes council member, Consultant and YouTuber. Karlton has helped over 10,000 clients and 3200 real estate investors and entrepreneurs save millions of dollars in taxes in real estate and business. Karlton also hosts the podcast “Tax Free Living.”Rich and Karlton start off by discussing the LA Lakers and Clippers, how Karlton became a tax professional, the benefits of setting up holding LLCs in Wyoming and Delaware, the benefits of having a living trust, the differences between a revocable trust and irrevocable trust, and the STR loophole for high earning w2 taxpayers. They also reflect on the intricacies of depreciation recapture, the 1031 exchange, cost segregation studies, Tenancy in Common, reverse 1031 exchanges, the definition of like kind exchanges, the child payroll strategy, S Corps and C Corps, the intricacies of Roth IRAs and backdoor IRAs, whether high income earners should put their money into Roth IRAs or 401ks, and self directed 401ks.Lastly, Rich and Karlton talk about setting up Simplified Employee Pension Plan (SEP), stepping up and taking action during the COVID-19 lockdown, tax strategies for high income earners of $10 million or more, and the tax benefits of purchasing jets, yachts, and luxury cars. Connect with Karlton on Instagram: @karltondennis--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.