Thinking Like a Bank

Episode 48: Tax Savings Tips with Jason Osser, CPA

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Jason Osser graduated from State University of New York at Oneonta with a Bachelor of Science in Accounting and Economics, and from Binghamton University with a Master of Business Administration with a concentration in Human Resource Management.

After relocating to the Washington, DC metropolitan area in 1996, Jason held a series of accounting positions, from staff accountant to controller, until he decided to own and run his own business.

Since leaving corporate America over 15 years ago, Jason has been a successful franchise business owner, an accounting and small business expert, a Certified Public Accountant, a real estate investor, and an adjunct professor at local colleges. Jason’s diverse experience enables him to bring insights into how to create a growing and successful small business through disciplined accounting best practices and tax planning.

This episode talks about:

  • Jason’s CPA tax practice and what the types of businesses he focuses on
  • The importance of identifying and making the right business entity selection.
  • The 4 most common types of business entities and their differences
  • Qualified business deductions
  • Who is eligible for the qualified business income (QBI) deduction or the Section 199A?
  • Do businesses get taxed differently from individuals?
  • What is a pass-through entity?
  • Taxes for franchises
  • How do small business owners reduce their taxes and take control of their businesses?
  • What is “QuickBooks”?
  • What is a Self Directed IRA (SDIRA)? Advantages? Disadvantages?
  • Required Minimum Distribution (RMD) and how it is calculated?
  • How to set up a self-directed IRA?
  • Rules to follow when engaging in a transaction using your self-directed account.
  • Recourse vs. Non-Recourse Loan, differences with tax deductions?
  • Can you invest in a real estate syndication with your retirement account?
  • Recommended book- “Riding Quickbooks to the Promised Land”

    • To connect with Jason Osser, please visit:

    👉Company Website:➡️https://ossercpa.com

    👉Linkedin ➡️ https://www.linkedin.com/company/jason-s--osser-cpa-&-assoc-/about

    👉Facebook ➡️ https://www.facebook.com/ossercpa

    👉Twitter ➡️https://twitter.com/ossercpa

    👉Email: 📧[email protected]

    👉Contact Number 📞 571.331.1652

    👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

    👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

    📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

    🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

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