EP 083 | MORE MONEY FOR ME – PART 2
About this Episode
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
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:
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: Collecting Billable Hours: Getting Paid
Meet Craig Cody
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.
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