EP 083 | More Money For Me with Craig Cody – Part 2

October 22, 2018

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You are master of your own destiny. You are a business owner. Yes, there are risks to making this choice, but there are also rewards. In the second part of our conversation with Craig Cody we continue to explore ways to make the financial rewards even sweeter, by keeping more cash at the end of each fiscal year.

In this episode we learn:

  • choosing the right retirement plan can leave you with more money later
  • hire family members to gain big tax advantages
  • medical benefits can save thousands
  • a deduction does not always equate to a benefit, talk to your tax professional about your thresholds
  • regular communication (once a month) with your tax professional can prevent overpaying in taxes

 

Take Aways

Mileage IQ – calculates mileage, allowing you to safely write off a percentage of your car for business.

Chrometa – track what you are doing across multiple media.

Take the next step for your business (and save on your tax bill!) with Craig’s free book giveaway:

www.craigcodyandcompany.com/design/

 

Design Intervention

It’s all about cash flow. You need a consistent flow of money coming in, a consistent number of new clients and a consistent flow of leads. In addition, a consistent system for collecting money that’s owed.

Suggested Course: GETTING PAID | Collecting Billable Hours

 

 

Craig Cody is a Certified Tax Coach, Certified Public Accountant, Business Owner and Former New York City Police Officer with 17 years experience on the Force. In addition to being a Certified Public Accountant for the past 15 years, he is also a Certified Tax Coach. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best-seller book, Secrets of a Tax-Free Life.

www.craigcodyandcompany.com

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Legal Disclosure | This podcast is for educational purposes only and should not be used for any legal decisions. Kimberley Seldon Design Group, Kimberley Seldon Productions Inc., Kimberley Seldon Design and Media, Inc., Business of Design™, or any of its affiliated companies or staff is not responsible for any errors or omissions effecting accuracy in any content, and they will not be held liable for the use or misuse of information, facts, details or any other aspects should there arise any defects, errors, omissions or perhaps inaccuracies. Extensive research has been conducted to put this podcast together for the purpose of educating our industry in order to better serve the public. Care has been taken to acknowledge ownership of copyrighted material. The advice and strategies contained herein may not be suitable for every situation. This work is offered with the understanding that we do not render any legal, accounting or other professional advice. Seek the advice of a lawyer and/or other competent professional person in all matters of law. Further, listeners should be aware that internet websites mentioned may change or disappear between when this was recorded and when it was listened to.

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