EP 083 | Tax Strategies for Interior Designers with Craig Cody (Part 2)

October 22, 2018

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Are you keeping as much of your hard-earned money as possible?

In this episode, Kimberley Seldon continues her conversation with Craig Cody about practical tax and financial strategies that can help business owners retain more of their profits. From retirement planning and employee benefits to working more closely with tax professionals, Craig shares insights that can have a significant impact on long-term financial success.

For interior designers looking to build wealth and improve profitability, this episode offers valuable guidance on making smarter financial decisions throughout the year.

In this episode, we learn:
• How choosing the right retirement plan can increase long-term financial security
• Why hiring family members may create legitimate tax advantages for business owners
• How medical benefits can generate significant savings
• Why tax deductions are not always as beneficial as they appear
• How regular communication with a tax professional can help prevent overpaying taxes
• Why proactive financial planning is essential for building a profitable design business

 

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 provides general business advice for interior designers and design professionals. It is not intended as individual legal, accounting, or professional guidance. Kimberley Seldon and Business of Design® make no guarantees regarding accuracy and are not liable for how information is used. Strategies shared may not apply to every situation—listeners should seek qualified legal, financial, or professional advice before making business decisions. References and resources mentioned may change over time.

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