The Chris Voss Show Podcast – Maximize Your Business Tax Savings with Expert Tips from Douglas Carpenter
Maximize Your Business Tax Savings with Expert Tips from Douglas Carpenter
Books4hospitality.com
About the Guest(s):
Douglas Carpenter is a seasoned financial expert with over 40 years of experience in the industry. As a Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA), Douglas started his career as the youngest registered stockbroker in America at the age of 17. He has worked at a top four accounting firm and held various consulting and chief financial officer roles. Currently, Douglas owns and operates Comprehensive Accounting Solutions, providing a full spectrum of accounting services, particularly for small businesses and the hospitality sector.
Episode Summary:
In this engaging episode of The Chris Voss Show, Chris talks with Douglas Carpenter, a renowned CPA and CFA, about smart financial strategies for businesses as the year-end approaches. Douglas shares his extensive knowledge on tax-saving tactics, business accounting, and financial planning, aiming to help business owners maximize their tax returns and keep more money in their pockets. As tax season looms on the horizon, Douglas's expert advice is especially pertinent.
Throughout the conversation, Douglas delves into various strategies for minimizing tax liabilities, discussing everything from different business structures like S Corps and C Corps to the importance of understanding cash flow and business accounting. He offers insights into how businesses can leverage opportunities for tax deductions, highlighting the need for strategic financial planning throughout the year. The importance of having a knowledgeable tax advisor is also emphasized, with Douglas warning against the risks of poorly managed finances and tax filings.
Key Takeaways:
End-of-Year Tax Strategies: Business owners should focus on maximizing their tax efficiency before the end of the year, utilizing strategies such as HSA contributions, equipment purchases, and appropriate salary distributions.
Business Structure Insights: Choosing the right business structure (e.g., S Corp, C Corp) is crucial for tax efficiency and should align with your overall financial strategy.
Professional Financial Advice: Engage a qualified CPA for expert financial advice and ensure you are not overpaying on taxes. Relying on professional help can unveil potential savings.
Importance of Documentation: Meticulous record-keeping and proper documentation of business expenses are essential and can lead to significant savings if managed correctly.
Cash Flow Management: Douglas highlights the critical nature of cash flow management for businesses, asserting that understanding and predicting cash flow are crucial for sustaining and growing a business.
Notable Quotes:
"Billionaires do pay taxes. They don't overpay taxes. You shouldn't overpay your taxes either."
"What are you going to do different next quarter that you didn't do this quarter?"
"Fulfill your obligations, but don’t pay more than you absolutely have to. There's a lot more that people leave on the table than they realize."
"Don't cheat on your taxes. It’s not worth the risk when you can save in legal ways."
"Cash flow is the lifeline of any business. Knowing where your business stands today and where it's headed is crucial."
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The Chris Voss Show Podcast – Mary Had a Little Lamb by Adrian M Hurtado
Mary Had a Little Lamb by Adrian M Hurtado
https://www.amazon.com/Mary-Little-Lamb-Adrian-Hurtado/dp/1647498600
The celebration of Christmas has nothing to do with a fictional character in a red suit, or flying reindeer. It is about the birth and life of Jesus Christ. He is the true reason for the season. Now you can read about His life in an illustrated and poetic form that touches on many of the important aspects of His life. Parents will want to share this story with their children and with their friends.About the author
Adrian M. Hurtado was born in Berkeley, CA and raised in the East Bay area. He is a former teacher and principal, having served more than 25 years in schools in Orange County, Los Angeles County, and Santa Barbara County, California. He always enjoyed working with students and in finding ways to make learning interesting and fun. Now he seeks to carry on that delight through books that students can enjoy and their parents can enjoy reading to them and with them.
Adrian also served in the Marine Corps and Air Force Reserve, retiring at the rank of Major. He and his wife, Jean, a former kindergarten teacher and his biggest encourager, have retired to the little beach town of Cayucos, CA where he is actively involved in community service.
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The Chris Voss Show Podcast – Healthy. Happy. Whole.: A Health and Wellbeing Workbook by Barbara A Palmer
Healthy. Happy. Whole.: A Health and Wellbeing Workbook by Barbara A Palmer
https://www.amazon.com/Healthy-Happy-Whole-Wellbeing-Workbook/dp/1685561233https://www.bplifecoachingservices.com/
If you have a deep desire to grow your happiness and overall wellbeing, where would you start? You may be surprised to learn the best place to start is not where you expected but is easy to access.
Your journey to new levels of aliveness awaits you as you read this book and navigate twelve steps towards a greater mind-body connection and a prosperous soul.
ONE: maximize your awareness and set SMART goals
TWO: clarify wellness and wellbeing
THREE: stress management
FOUR: stress management self-assessment
FIVE: explore negatively charged emotions like depression
SIX: differences between depression and grief or loss
SEVEN: your relational support system
EIGHT: support system development
NINE: assertiveness
TEN: coaching, counseling; facts, myths, and fiction
ELEVEN: reassess, review, and realign
TWELVE: prayers and affirmations.
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The Chris Voss Show Podcast – Tennessee Thunder: A Tale of Two Armies by Daniel F Korn
Tennessee Thunder: A Tale of Two Armies by Daniel F Korn
https://www.amazon.com/Tennessee-Thunder-Tale-Two-Armies/dp/195919786X
https://ayrpresents.com/
Everyone has heard of Gettysburg, but for sheer ferocity of fighting, it is tough to match the horrendous stories of what happened in the fight for Tennessee in the battles of Stones River and Chickamauga. This is the story of two very different armies, and their equally different commanders. The Union Army of the Cumberland, led by the charismatic, but excitable William Starke Rosecrans against the Confederate Army of Tennessee, and its hot-tempered and irascible commander; Braxton Bragg. As 1862 ends, and the birth of a new year of the war looms on the horizon, an end to the bloodletting is nowhere in sight. It was a year that had just seen the April horrific fight at Shiloh, the incredible ineptness of McClellan in the Peninsula /Seven Days Campaign, the September bloodbath known as Antietam, and President Lincoln's launch of a huge gamble in the Emancipation Proclamation, all followed by the near disaster for the Union at Fredericksburg. It would be followed by a year that would see death, destruction, and a level of ferocity in warfare on a scale never before seen on the American continent. Of all the major battles of the Civil War, Stones River had the highest percentage of casualties on both sides. Although the battle itself was inconclusive, the Union Army's repulse of two Confederate attacks and the subsequent Confederate withdrawal were a much-needed boost to Union morale after the defeat at the Battle of Fredericksburg. It dashed Confederate aspirations for control of Middle Tennessee. Names such as the Dragons Teeth, Slaughter Pen, the Round Forest, and the Orphans Brigade would enter the American lexicon. The battle was very important to Union morale, as evidenced by Abraham Lincoln's letter to General Rosecrans: "You gave us a hard-earned victory, which had there been a defeat instead, the nation could scarcely have lived over." The Confederate threat to Kentucky and Middle Tennessee was gone, and Nashville was secure as a major Union supply base for the rest of the war.
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The Chris Voss Show Podcast – Hope and Destiny: A Novel by Niklas Natt och Dag
Hope and Destiny: A Novel by Niklas Natt och Dag
https://www.amazon.com/Hope-Destiny-Niklas-Natt-och/dp/1668069873
The author of the “thrilling, unnerving, clever, and beautiful” (Fredrik Backman) Wolf and the Watchman series presents a new historical series that takes us to medieval Sweden to unravel one of the country’s most infamous murder mysteries.
1434: The unified kingdoms of northern Europe are cracking at their seams as a peasant rebellion, led by the charismatic figure Engelbrekt Engelbrekts, erupts in the north. Sent by his family to find a foothold in this rising revolutionary movement is young Magnus Bengtsson, who must win Engelbrekt’s trust and favor no matter the cost. Back at Magnus’s family castle, his mother, father, and sister wait for news of his success. One is lost in longing, another is forging his own plan for the throne and crown, and one is looking for the opportunity to rise from her brother’s shadow.
With nearly 10 million downloads, The Chris Voss Show Podcast is a top 1% most popular shows out of 3,254,177 podcasts globally. Over 17 years, 27 millions views of amazing interviews of top CEOs, BILLIONAIRES, Astronauts, the hottest new book Authors, TV & Print News & Pulitzer Prize-winning Journalists, Governors, Congress Members and other inspiring and insightful guests that will expand your mind. Our podcast guests are the CEO’s, thought leaders, presidential advisers and the hottest new book authors and journalists from all the large publishers like Simon & Schuster, Penguin Random House, Hachette, Harper Collins, Macmillan, etc. Interviewed guests include top journalists from news anchors & journalists from all the top media: CNN, MSNBC, Washington Post, WSJ, NYT, The Guardian, etc. FTC Disclosure: Some guests pay advertising/production costs to appear on the show. See more at TheChrisVossShow.com