In this episode of The E-Forge Podcast, host Cory Long sits down with renowned tax strategist and fractional CFO Ron Fossum to break down the new Trump Tax Bill, a nearly 900-page game-changer every Kingdom entrepreneur needs to understand. Whether you’re just getting started or running a multi-seven figure business, the changes packed into this new bill will likely impact you, and you won’t hear these insights anywhere else.

Ron and Cory pull back the curtain on qualified business income deductions (QBI), updates to Section 179 and bonus depreciation, and the redefinition of research and experimentation (R&E), with surprising applications from bourbon distillers to gluten-free bakeries. They cover hidden landmines in tip and overtime deductions, and the clever design behind the Trump Account, a new tax-advantaged savings plan for kids that could potentially create generational wealth.

If you’re still relying on a basic CPA or tax preparer, you’re probably leaving tens, or hundreds, of thousands of dollars on the table. Ron breaks down why tax strategy is not just compliance, it’s leverage.

Key Takeaway Points:

• The difference between tax planners vs. tax preparers
  

• Entity structure analysis: Are you even in the right one?
  

• Major updates to 1099 thresholds, senior deductions, and C Corp stock sales
  

• Why “permanent” in the tax code doesn’t actually mean forever
  

• Real-world strategies for businesses earning $100K to $10M+
  

Want to know if you’re leaving money on the table? Visit taxplanwealth.com, click “Contact Us,” and mention E-Forge to get $500 off your analysis. Don’t wait for tax season, get strategic now.

“Permanent in the tax code doesn’t mean forever; it means until the next administration changes it.”

In this episode, we hear the real-life story of Cory Long, starting over from scratch at age 40; with no plan, no money, and no backup. After years in ministry, serving faithfully without a paycheck, he found himself needing to borrow money just to move his family. With a chronically ill spouse, a daughter heading to college, and no business background, he launched his first company from nothing.

What followed was nothing short of extraordinary. In under a decade, that leap of faith grew into multiple businesses, eight figures in sales, and the ability to give generously, travel freely, and remain rooted in family and faith. This journey laid the foundation for E-Forge, a Christ-centered business community designed to equip entrepreneurs with the systems, skills, and soul-alignment to scale with integrity. If you've ever felt behind, stuck, or called to more; this episode will light a fire under your vision and remind you that it's never too late to start building what matters.

Key Takeaways:

You’re not too late. Starting at 40 can become your greatest setup.

Faith-based business doesn’t mean compromising impact or income.

Building with integrity lets you love your family while scaling.

Your past ministry seasons can prepare you for marketplace mission.

E-Forge is a place to grow in business, faith, and legacy; together.

“At 40, I had to borrow money just to move… and now I’m doing in a month what I used to make in a year doing ministry.”

E-forge with Cory Long is for faith-driven entrepreneurs who know they’re called to more; but feel stuck in the daily grind. This show is about helping you rise; from overwhelmed operator to empowered leader. Cory brings real strategies on business structure, systems, marketing, AI, and mindset to help you build a business that gives you back your time, multiplies your impact, and aligns with your purpose. If you’re ready to unlock freedom, lead with excellence, and use your business to serve others at the highest level, this podcast is your next step.