Tax blog featuring strategies to help dentists and dental professionals save money on taxes now. Craig Cody is a CPA licensed in all 50 states.
Okay. Tell me about your hypothetical business. Lets do some tax planning for your business.
I’m a painting business. We’ve been in business two and a half years, roughly. We just did $550,000 in … Read more
I can’t do that. If I do, I’m going to get audited. That is Audit Paranoia! Very few people get audited, and if you’re deducting something, you’re doing it correctly, and you’re documenting it, do not worry? Most … Read more
What would you say are some of the biggest tax mistakes you’ve seen in your experience?
The biggest tax mistakes we see is, as far as in my world … Read more
So I have a question for you. Let’s say you feel like you haven’t done it right in the past few years. Can you go back to the past years and right your wrongs so … Read more
For potential tax breaks and benefits as far as that goes, I don’t know if you’d be able to answer this question or not? Can you tell me, let’s say I was going to go out and look … Read more
It’s all about keeping more of what you make, and you want to find that person that’s going to help you legally keep more of what you make.
Exactly. I love it. When we … Read more
Craig, we were talking pre show and you were telling me about a Medical Expense Reimbursement Plan. Can you tell us about them and some outside of the box tax deductions available for real estate investors.… Read more
There’s something in the new tax rules called qualified business income, which has to do with pass throughs such as your S corporations and your LLCs, and what that does is it gives you a pass through … Read more
As a business owners, we all have the same problems? Sometimes they’re worse than others, but most people that have been in business have experienced all those problems. You might be … Read more
An ideal relationship is, you should be communicating least once a month. What we do with our clients is, when we go through their books and we get them straightened out every month, we schedule the Zoom call, and … Read more
