Tax Strategies for Business Owners | Dean Vance CPA | Authentic Business Adventures Podcast
Free downloadable audio podcast can be found here: https://drawincustomers.com/tax-strat... 00:00 "From Bakery Job to Business Owner" 05:40 Atypical, Big-Picture CPA 12:48 Decoding Business Patterns Mystically 16:47 "Fridays: Cakes, Beer, and Nostalgia" 23:55 Law School Decision and Karma 30:43 "Tax Return Amendment Review Process" 33:21 Bookkeeping for LLCs and Corporations 38:16 "Bimonthly Financial Meetings Routine" 46:38 "Inside vs. Outside the Box" 50:56 Leveraged Medical Supply Deduction Strategy 56:37 The Rosetta Stone's Impact 01:02:57 Choosing a Trained Tax Strategist 01:04:03 Captive Insurance Company Basics 01:12:20 S Corp vs. C Corp for E-commerce 01:15:47 Client Assessment and Discovery Process 01:19:54 "Entertainer Computes Cost of Labor" 01:27:50 "Creedal Country: Merit Over Origin" 01:33:57 Basement Drywall Experience 01:35:56 "Opportunity and Ambition Dynamics" 01:44:42 "German Cultural Traits & Influence" On a the Brutal Truth About the CPA World: "It's the people who are not part of the orthodoxy who are outside the box that ask those, quote, unquote, 'silly questions', that actually dig in. 99% of this space has been following a fallacy about things." As an entrepreneur, the government rewards you, kind of, for building your business to create jobs and keep the economy moving. But these rewards are typically given as tax breaks that are not at the forefront of the minds of accountants. You know them the professionals that you trust to know the tax code to help minimize your tax burden. Dean Vance is a CPA that comes at this from a different angle. Dean has an eye and a mind for helping business owners navigate the tax code to make sure they are taking advantage of the opportunities the tax code offers them. Dean Vance of Vance and Associates CPA talks taxes, accounting, and small business finance. As a seasoned CPA with nearly thirty years of experience, Dean shares the ins and outs of tax strategy, the importance of tax planning, and why having someone regularly “look under the hood” of your business books can make all the difference. The conversation covers everything from the often-overlooked tax opportunities for small business owners—like paying your kids to work in your business—to the crucial role of systems, checklists, and company culture in building a successful business. Dean also gives listeners a peek behind the scenes of his own firm, discusses the value of industry specialization (“riches are in niches!”), and highlights the human side of accounting, including personality fit and team building. Along the way, James and Dean swap stories about navigating the real challenges and triumphs that come with entrepreneurship, making this episode a must-listen for business owners who want to stop leaving money on the table and start running a leaner, smarter operation. Whether you’re dreading tax season or just want to better understand the numbers driving your business, you’ll find plenty of practical wisdom—and maybe a little inspiration—in this week’s conversation. Listen as Dean shares some tax tips, as well as offers you things to look for when searching for a professional to help you with you tax strategy. Enjoy! Visit Dean at: https://www.deanvancecpa.com/ Some videos have been recorded with Riverside: https://www.riverside.fm/?utm_campaig... Visit James at: www.DrawInCustomers.com, www.CallsOnCall.com and get a copy of The BOLD Business Book here: http://amzn.to/2yWVqIE Visit https://drawincustomers.com for more great small business videos, blogs, podcasts and general business building good times! Draw in Customers Business Coaching brings you another Authentic Business Adventures Podcast to help you with your business knowledge. Email [email protected] to get the business help you need. Subscribe to our channel to get all of the latest podcast episodes. Visit https://drawincustomers.com for business coaching. Visit http://amzn.to/2CI2r2h for your copy of The BOLD Business Book. Fair Use Disclaimer: Our purpose is to produce quality, educational and motivational video content, and to share it with our viewers. This video has no negative impact on the original works. This video is used for educational purposes. This video is transformative in nature. This channel’s owner claims no copyright, and cannot be held accountable. If you are the legal content owner of any audio used here and would like them removed, please contact [email protected]. Any infringement was not done on purpose and will be rectified to the satisfaction of all parties.
