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Tax Hacks— How to Pay Less Without Crossing the Line with Brady Slack
Manage episode 399445045 series 3552208
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“The more apt you are to help someone in need; look outwards, the more you will find what you need internally.” —Brady Slack
As entrepreneurs, having an effective tax strategy is crucial but often overlooked as our businesses grow and change. Without a plan tailored to our goals and circumstances, unnecessary taxes can eat into profits and stall growth. Therefore, every business owner needs to understand the various structures and elections available so they can legitimately reduce their obligations.
This week, Brady Slack joins Scott to share tax strategies for entrepreneurs. Brady Slack is the founder and CEO of High Country Finance, an accounting and finance firm that provides personalized tax, accounting, and business advisory services to hundreds of clients. Brady is also passionate about empowering other entrepreneurs through his "Slacking Off" podcast where he shares financial advice and answers listeners' questions.
Listen in as Scott and Brady explore how AI is transforming accounting workflows, the pros and cons of hourly billing vs subscription models in legal and accounting services, how a recurring revenue approach can help scale a business, vetting strategies through a trusted advisor based on your unique situation, how to overcome challenges by serving others in need, and more.
Connect with Scott:
As the official Zig Ziglar Small Business Lawyer and a Ziglar Legacy Certified Trainer, it’s no wonder that Scott Reib is known as “America’s Legal Coach.” For the last two decades, Scott has been helping business owners, entrepreneurs, and coaches “shatterproof” their businesses by implementing specific strategies for structure, growth, and protection.
Episode Highlights:
03:11 Business Growth and Unique Sales Proposition
08:06 Tax Strategies and IRS Incentives for Business Owners
12:27 How AI Impacts the Tax Industry
16:50 The Benefits of a Subscription-Based Legal Service
20:47 Tax Strategies and Financial Advice
27:35 S-Corp Election
36:55 Serving Others in Challenging Times
30 episodes
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