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Innhold levert av Eddie Isin. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Eddie Isin eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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Stop Overpaying the IRS: Discover the Best Business Structures to Save Thousands

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Manage episode 426615770 series 3554252
Innhold levert av Eddie Isin. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Eddie Isin eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Send Eddie a Text Message

Join the Transform Your Future Newsletter, where I write about personal growth, identity and reinvention.

Description:
In this eye-opening episode of Transform Your Future, host Eddie Isin sits down with Roger Pearson, a master tax advisor with over 50 years of experience in small business management and tax advising. Roger shares invaluable insights on how to structure your business to minimize tax liabilities legally. Learn how to save thousands by understanding the best business structures and avoiding common tax pitfalls.

Timecodes:

  • 00:00 - Introduction
    Eddie introduces the episode's theme: minimizing tax liabilities through proper business structuring.
  • 02:38 - Meet Roger Pearson
    Introduction to Roger Pearson, his background, and his mission to help small business owners save money on taxes.
  • 05:09 - The Problem with Current Tax Education
    Roger discusses the lack of practical tax education for small business owners and the common mistakes they make.
  • 08:13 - Understanding Business Structures
    Roger explains the differences between sole proprietorships, LLCs, S Corporations, and C Corporations, and their tax implications.
  • 12:11 - Role of an Enrolled Agent
    Roger details what an enrolled agent is and why they are crucial for small business owners.
  • 15:44 - Choosing the Right Tax Professional
    Tips on how to find a tax advisor who genuinely cares about your business and can provide personalized advice.
  • 19:30 - Tax Law Changes and Their Impact
    Discussion on how the 2018 tax law changes affected deductions for W2 employees and what business owners can do to navigate these changes.
  • 22:52 - Home Office Deductions and Other Complexities
    Clarifying who can take home office deductions and the limitations for different business entities.
  • 25:13 - Practical Tax Strategies for Business Owners
    Practical advice on how to legally reduce your tax bill, including setting up as an independent contractor and utilizing business expenses.
  • 29:44 - Creating a Solid Foundation for Your Business
    Roger shares his approach to educating business owners through online courses and consulting, emphasizing the importance of a strong business foundation.
  • 35:17 - Real-Life Success Stories
    Roger recounts success stories of clients who have saved significant amounts by restructuring their businesses based on his advice.
  • 41:41 - The Importance of Ongoing Tax Advice
    The benefits of regularly consulting with a tax advisor to keep your business optimized for tax savings.
  • 47:40 - Final Thoughts and Contact Information
    Eddie and Roger wrap up the conversation with final thoughts. Information on how listeners can contact Roger and access his educational resources.

Links and Resources:

Don’t forget to comment and subscribe to the podcast for more episodes on personal growth, reinvention, and achieving your dreams. Please reach Text Eddie at +1-813-722-1417 and let us know what you think.

Subscribe to Transform Your Future Newsletter Where Eddie writes about personal development, reinvent & identity: http://transformyourfuture.com

  continue reading

50 episoder

Artwork
iconDel
 
Manage episode 426615770 series 3554252
Innhold levert av Eddie Isin. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Eddie Isin eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Send Eddie a Text Message

Join the Transform Your Future Newsletter, where I write about personal growth, identity and reinvention.

Description:
In this eye-opening episode of Transform Your Future, host Eddie Isin sits down with Roger Pearson, a master tax advisor with over 50 years of experience in small business management and tax advising. Roger shares invaluable insights on how to structure your business to minimize tax liabilities legally. Learn how to save thousands by understanding the best business structures and avoiding common tax pitfalls.

Timecodes:

  • 00:00 - Introduction
    Eddie introduces the episode's theme: minimizing tax liabilities through proper business structuring.
  • 02:38 - Meet Roger Pearson
    Introduction to Roger Pearson, his background, and his mission to help small business owners save money on taxes.
  • 05:09 - The Problem with Current Tax Education
    Roger discusses the lack of practical tax education for small business owners and the common mistakes they make.
  • 08:13 - Understanding Business Structures
    Roger explains the differences between sole proprietorships, LLCs, S Corporations, and C Corporations, and their tax implications.
  • 12:11 - Role of an Enrolled Agent
    Roger details what an enrolled agent is and why they are crucial for small business owners.
  • 15:44 - Choosing the Right Tax Professional
    Tips on how to find a tax advisor who genuinely cares about your business and can provide personalized advice.
  • 19:30 - Tax Law Changes and Their Impact
    Discussion on how the 2018 tax law changes affected deductions for W2 employees and what business owners can do to navigate these changes.
  • 22:52 - Home Office Deductions and Other Complexities
    Clarifying who can take home office deductions and the limitations for different business entities.
  • 25:13 - Practical Tax Strategies for Business Owners
    Practical advice on how to legally reduce your tax bill, including setting up as an independent contractor and utilizing business expenses.
  • 29:44 - Creating a Solid Foundation for Your Business
    Roger shares his approach to educating business owners through online courses and consulting, emphasizing the importance of a strong business foundation.
  • 35:17 - Real-Life Success Stories
    Roger recounts success stories of clients who have saved significant amounts by restructuring their businesses based on his advice.
  • 41:41 - The Importance of Ongoing Tax Advice
    The benefits of regularly consulting with a tax advisor to keep your business optimized for tax savings.
  • 47:40 - Final Thoughts and Contact Information
    Eddie and Roger wrap up the conversation with final thoughts. Information on how listeners can contact Roger and access his educational resources.

Links and Resources:

Don’t forget to comment and subscribe to the podcast for more episodes on personal growth, reinvention, and achieving your dreams. Please reach Text Eddie at +1-813-722-1417 and let us know what you think.

Subscribe to Transform Your Future Newsletter Where Eddie writes about personal development, reinvent & identity: http://transformyourfuture.com

  continue reading

50 episoder

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