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IRP #21: Avoiding Accounting Pitfalls with Brent Cox
Manage episode 308984032 series 3024596
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Are taxes and financial matters the last thing you want to deal with after a long day at the track? Are you constantly worried about compliance? Are you maximizing deductions and getting all of your expenses accounted for? The racing business is a whole different animal. At times, it can be overwhelming to manage. In this episode of The Inside Racing Podcast, we chat with CPA and former racing promoter Brent Cox. Brent shares his strategies and recommendations for building a great financial foundation. Whether you are concerned with maximizing revenue, managing expenses or proper reporting, we cover it all. Business expert and motorsports professional John Robbins asks Brent about the unique nature of racing and how to avoid typical accounting pitfalls. Brent provides clarity when it comes to employees vs. contractors, part-time workers and managing a seasonal business. Stop guessing and start getting the help you need to build your racing operation. Whether you are just getting started or you've been promoting racing for decades, there's something here for you.
Want more episodes like this? Visit www.NSTAracing.com/archive for past episodes. Become a VIP Listener and get access to exclusive listener bonuses. Join the conversation on Twitter (@NSTA_Racing), Facebook (@NSTAracing) or email podcast@NSTAracing.com.
Are you interested in official advice from Brent? Visit www.coxbeckmangoss.com, call 317-545-0845 or email Brent: brentc@coxbeckmangoss.com
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