Tax Strategy for Business Owners

This week on Grow Money Business our guest is Jeff Trapp, who is a tax strategist and the founder of Tax Planning Pros. Jeff has devoted his career to assisting business owners in reorienting their perspectives towards their taxes, their companies, their wealth, and the legacy they will leave behind. He has saved clients thousands of dollars through innovative tax tactics and preparation. Jeff joined us today to talk about top tax planning strategies for business owners, common mistakes, how to reduce your chances of getting audited, general tax savings tips, and more.

 

Show Notes

[05:35] The importance of tax planning –Jeff starts the conversation by explaining the importance of tax planning.

[13:24] Oil & gas investing – Jeff explains the benefits of oil and gas investing.

[17:56] Common mistakes – Grant and Jeff discuss some of the most common mistakes people make.

[21:01] Clean books – Grant and Jeff describe the importance of keeping clean books and records when it comes to calculating correct deductions.

[32:41] Tax laws – Jeff shares his opinion on planning long-term perspectives with constantly changing tax laws

[38:15] The future – Jeff describes his vision for helping business owners create additional cash flow and create a long-term wealth legacy for them and their families.

 

Resources

Connect with Jeff

LinkedIn – linkedin.com/in/jeffntrapp/

Facebook – web.facebook.com/TaxPlanningPros/

Podcast – podcasts.apple.com/us/podcast/the-jeff-trapp-podcast/id1628629412

Website – thetaxplanningpros.com/

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