Service Based Business Society Podcast

From Taxes to Riches

September 27, 2023 / 38:37/S3:E4 Download MP3

Join Tiffany-Ann Bottcher and Brian Basinger as they embark on a riveting journey, spotlighting the art of proactive tax planning and the imperative for entrepreneurs to truly grasp their financial landscape. Here's what's in store:

Proactive Tax Planning: Brian emphasizes the significance of forecasting and planning for taxes in advance to avoid unexpected surprises. He believes that many people resort to questionable practices because they are caught off guard by tax bills.
The Importance of Understanding: Brian shares a story about a referral who thought she had everything in order with her CPA, only to be hit with a massive tax bill after an audit two years later. This situation derailed her business for over a year.
Avoiding Business Obstacles: Brian stresses the difference between business owners who face obstacles like audits and those who don't. The latter can continue to grow their business without interruptions.
Risk Management: Tiffany-Ann points out that when filing taxes, there's an honor system in place. However, audits can happen, and it's essential to be prepared. She also mentions the dangers of taking advice from online sources without verifying its applicability to one's specific situation.
The Value of Research: Brian believes in the importance of business owners doing their research and understanding tax strategies. However, they should also consult with experts to ensure they're making informed decisions.
Intuition in Business: Both Tiffany-Ann and Brian discuss the importance of intuition in business. If something feels off, it's essential to investigate and address it.
Choosing the Right Advisor: Brian provides tips on selecting the right CPA or tax advisor. He emphasizes the importance of finding someone who can explain complex topics simply and focuses on tax strategy throughout the year, not just during tax season.
The Importance of Keeping Records: Tiffany-Ann highlights the significance of keeping up-to-date records throughout the year. This allows for better planning and strategy implementation.
Looking Forward: Brian stresses the importance of using historical data to forecast and plan for the future. He believes that business owners should always be forward-looking in their financial planning.
Connecting with Brian: Brian invites listeners to connect with him through his website, contigoadvisors.com, where he hosts weekly live events discussing tax and business management topics.

Throughout the conversation, the overarching theme is the importance of being proactive, understanding one's financial situation, and seeking expert advice when needed.

About The Guest

For the past 12 years, Brian Basinger has dedicated himself to assisting entrepreneur clients in reducing their taxes and attaining financial freedom and security without the need to be frugal. Following a seven-figure exit from his firm in 2021, Brian established Contigo Advisors with the ambition of imparting his financial and tax expertise to all business owners, irrespective of their financial standing.

Connect with Brian:

Instagram: @brianbasinger_cpa
Web: www.contigoadvisors.com
Facebook: Brian Basinger, CPA

About The Host

Tiffany-Ann Bottcher, a beacon of modern-day entrepreneurship, adeptly balances roles as a mother of three, podcast host, and innovative business strategist. With her unique amalgamation of strategy, tech-savviness, and a deep-seated passion for connectivity, she brings a refreshing approach to the entrepreneurial world.

Connect with Tiffany-Ann:

YouTube: Bottcher Business Management Agency
Tiktok: @ta_bottcher
Web: bottcher.io
Facebook: @bottcher.io

Creators and Guests

Host

Tiffany-Ann Bottcher

Entrepreneur | Founder, Bottcher Group | Host, Service Based Business Society Podcast | Author, Data Driven Method | Helping you scale your success!

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Creators and Guests

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