You don’t have to be afraid of the IRS! When we strategize and seek out the right advice on how to Tax PLAN properly, it can be an extreme difference to the bottom line of our businesses. Carter Cofield, CPA, PFS, joins us to GIVE THE GAME on how to win the tax game.
Teaching Entrepreneurs How to Live Tax- Free is Carter’s specialty and in this episode we discuss :
- How to transform your personal expenses into business expenses.
- Where start if you don’t have good bookkeeping systems in place for your business.
- The major difference between an LLC and S- Corp ( how you can save a fortune by switching your status).
- Capital Gains : Long Term Vs. Short Term ; what we need to know about how to navigate this game.
- The truth about Charitable Deductions ; how to balance your heart to give vs. strategic giving.
- TAX FREE LIVING : What it does and doesn’t mean and how your tax strategy can help you build generational wealth.
And so much more!
Grab Carter’s TAX FREE LIVING E-BOOK with this link
www.taxfreelivingbook.com/ebo...
Show notes:
00:00 Podcast Preview And Sponsored By
03:03 Introducing Carter Cofield
05:16 How Taxes Work
20:18 Commercial Break
21:19 Leveraging A Bookkeeper
31:32 Accounts To Set Up
40:27 Commercial Break
41:20 Solo 401K Strategy
50:00 Tax Write Off Book
1:00:50 Charitable Tax Deduction
1:05:56 Questions And Answers
1:11:55 Podcast Prediction
1:15:28 Podcast Principles
1:16:36 Commercial
Timestamped By @TheYouniversityLive