Are you a business owner or an aspiring entrepreneur looking to minimize taxes, grow wealth, and avoid the most common financial pitfalls? This episode is your blueprint for building a profitable and sustainable business—without losing your mind (or your sleep).

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Michael Reeder, CPA and Managing Partner of Reeder CPA Group. Michael is a trusted advisor to franchise owners and small business entrepreneurs, known for his deep expertise in strategic tax planning, entity structuring, and creative funding strategies. With over 14 years of experience and a nationwide network of franchise consultants, Michael shares his unconventional path from college wanderer to owning the very firm that hired him out of school. From using cold showers and intermittent fasting to maintain focus to guiding clients through ROBS C-Corp structures and the SBA maze, Michael brings practical insight and infectious energy to every topic.

Key Takeaways:

→ Bookkeeping isn’t just for taxes—it’s the foundation for strategic decision-making.

→ Strategic use of S-Corp elections and self-employed retirement plans can unlock major tax savings.

→ The Robs C Corporation structure offers a way to use retirement funds to launch a business—if used wisely.

→ Successful entrepreneurs prioritize low-cost living, self-discipline, and consistent routines.

→ SBA loans, securities-backed lines of credit, and defined benefit plans are powerful, underutilized tools for business growth.

More from Michael Reeder and Reeder CPA Group:

Website: https://www.reedercpagroup.com

LinkedIn: https://www.linkedin.com/in/michael-reeder-cpa

Engage with David T. Yu:

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Visit: DTY Wealth Planning Solutions

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When it comes to running a successful business, having a solid financial strategy in place is crucial. Whether you're a startup or a well-established company, understanding your financial health, managing cash flow, and analyzing financials are all key components to achieving business success and sustainable growth.

In this episode of Jet Setting Wealth Advisory Podcast, host David T. Yu engages in a dynamic conversation with Patricia Santayana, CPA, financial strategist, and business transformation expert. Patricia's expertise lies in unraveling financial inefficiencies and guiding entrepreneurs toward enhanced cash flow and profitability. Drawing inspiration from her family's jewelry business, Patricia brings a unique perspective to the world of finance, shedding light on the importance of understanding financial statements to drive business success.

Key Takeaways:

→ Dive into your revenue drivers to optimize cash flow and profitability.

→ Tailor financial strategies based on individual business goals and aspirations.

→ Overcome the fear of numbers by deeply understanding financial reports.

→ Transform your business into a well-oiled machine by making data-driven decisions.

→ Achieve financial independence and success by aligning business growth with personal goals.

More from Patricia Santayana:

Patricia Santayana, CPA, is Delphi Advisory Services's president, specializing in helping entrepreneurs unlock their business potential. With a focus on financial assessment and strategic planning, Patricia empowers business owners to take control of their finances and achieve long-term success.

Connect with Patricia:

Free Download: https://www.delphiadvisoryservices.com/parts

Email: [email protected]

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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Have you ever wondered how owning an aircraft could transform your financial strategy? Discover insider secrets to making your aviation passion a profitable venture.

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks David T. Yu speaks with Harry Daniels Jr., a Certified Public Accountant, Certified Financial Planner, and licensed private pilot with over four decades of expertise. Together, they explore the financial intricacies of aircraft ownership, tax strategies, and how to integrate aviation into your business planning. Harry also discusses highlights from his article, Making the Most of Your Aircraft Asset, and shares actionable tips for new and seasoned aircraft owners alike.

Key Takeaways:

→The benefits and pitfalls of aircraft leasebacks for flight schools.

→ How to navigate IRS passive loss rules for aviation assets.

→ Strategies for maximizing tax benefits through bonus and regular depreciation.

→ The hidden costs of aircraft ownership and how to plan for them.

→ Why comprehensive pre-purchase inspections and proper financial planning are essential.

More from Harry Daniels Jr.:

Read: "Making the Most of Your Aircraft Asset" in Planes and Pilot Magazine.

LinkedIn: Harry Daniels Jr.

Instagram: @DuganJoinerCPA

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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How can we secure America’s fiscal future while preparing for the rising challenges of debt, government inefficiency, and economic uncertainty? Are we ready to take bold steps to ensure a sustainable path forward?

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with the Honorable David M. Walker, a renowned fiscal responsibility advocate and former Comptroller General of the United States.  With over 40 years of executive experience spanning the public, private, and nonprofit sectors, Walker shares his insights on transforming government efficiency, strategic fiscal reform’s importance, and actionable financial preparedness strategies. Drawing from his latest book, America in 2040: Still a Superpower?, he dives into the challenges facing the U.S. economy, the role of government accountability, and how individuals can safeguard their financial futures amidst growing fiscal pressures.

Key Takeaways:

→ The U.S. is on an unsustainable fiscal path, and immediate action is required to address rising debt and interest expenses.

→ Government transformation must focus on outcomes, with streamlined operations and a clear national strategic plan.

→ The private sector can play a key role in reform, but public-private partnerships must balance innovation with public accountability.

→ Young leaders must engage in the conversation and push for responsible fiscal policies to avoid mortgaging their futures.

→ Personal financial preparedness is essential, with strategies like tax efficiency, private pensions, and diversified income sources critical for retirement security.

More from David M. Walker and the Federal Fiscal Sustainability Foundation:

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

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Visit: DTY Wealth Planning Solutions

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Are you ready to take control of your finances and build wealth on your terms?

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Dan Nicholson, bestselling author, award-winning CPA, and founder of Nth Degree CPA. Known for his groundbreaking book Rigging the Game and the (UN)conventional Wealth podcast, Dan shares his unique approach to achieving financial certainty, navigating risks, and optimizing wealth for small business owners. From debunking myths about financial success to explaining how to leverage "solvable problems," this episode is packed with insights that challenge traditional financial wisdom.

Key Takeaways:

→ The importance of creating and following your personal "money rules" for financial success.

→ Why defining your "solvable problem" is essential for aligning wealth with life goals.

→ How understanding risk and leveraging asymmetric opportunities can optimize financial outcomes.

→ The critical distinction between maximizing and optimizing wealth strategies for entrepreneurs.

→ How innovative tax strategies, such as sovereign tax credits, drastically reduce tax liabilities.

More from Dan Nicholson and Nth Degree CPA:

Website: Nth Degree CPAs

Listen: (UN)Conventional Wealth Podcast

Read: Rigging the Game: How to Achieve Financial Certainty, Navigate Risk and Make Money on Your Own Terms

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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Are you ready to take control of your finances and build wealth on your terms?

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Dan Nicholson, bestselling author, award-winning CPA, and founder of Nth Degree CPA. Known for his groundbreaking book Rigging the Game and the Rigging the Game podcast, Dan shares his unique approach to achieving financial certainty, navigating risks, and optimizing wealth for small business owners. From debunking myths about financial success to explaining how to leverage "solvable problems," this episode is packed with insights that challenge traditional financial wisdom.

Key Takeaways:

→ The importance of creating and following your personal "money rules" for financial success.

→ Why defining your "solvable problem" is essential for aligning wealth with life goals.

→ How understanding risk and leveraging asymmetric opportunities can optimize financial outcomes.

→ The critical distinction between maximizing and optimizing wealth strategies for entrepreneurs.

→ How innovative tax strategies, such as sovereign tax credits, drastically reduce tax liabilities.

More from Dan Nicholson and Nth Degree CPA:

Website: Nth Degree CPAs

Listen: (UN)Conventional Wealth Podcast

Read: Rigging the Game: How to Achieve Financial Certainty, Navigate Risk and Make Money on Your Own Terms

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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Ever wondered how to navigate the maze of IRS tax controversies and safeguard your wealth in a changing tax landscape?

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Michael Kramarz, Principal at Kaufman Rossin's Tax Service Advisory Group and a former IRS Special Trial Attorney. Michael shares over 14 years of expertise in navigating complex tax matters, from high-stakes IRS disputes to creative tax planning for businesses and high-net-worth individuals. With insights drawn from his work in the public and private sectors, Michael offers actionable advice on managing IRS audits, understanding policy changes, and protecting your financial future.

Key Takeaways:

→ How preparation can shield you from IRS penalties.

→ Why consulting with advisors helps you adapt to evolving tax laws and keeps your finances stress-free.

→ The secret to staying ahead of IRS scrutiny.

→ Why you should pay attention to legislative changes.

→ How innovative strategies, such as using the Cohan Rule, can turn seemingly dire situations into opportunities for success.

More from Michael Kramarz and Kaufman Rossin:

Website: http://www.kaufmanrossin.com/

LinkedIn: https://www.linkedin.com/in/michael-kramarz/

Instagram, Facebook, YouTube: @kaufmanrossin

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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Are you ready to unlock the secrets to financial freedom and learn how to build lasting wealth as an entrepreneur?

In this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Suzanne Mariga, CPA, fractional CFO, and CEO of the Mariga Group. Suzanne is a Profit First expert and author of Profit First for Minority Business Enterprises, a Publisher’s Weekly Editor’s Pick. In this engaging conversation, Suzanne dives deep into actionable strategies for wealth building, tax optimization, and creating a profitable business, drawing on her extensive experience with seven- and eight-figure entrepreneurs and top firms like Arthur Andersen and KPMG. She also shares insights from her podcast, Profit Talk, and the systems that have changed the financial trajectory of countless businesses.

Key Takeaways:

→ Learn ways to ensure profitability from the start.

→ How to identify and cut unnecessary costs to maximize your cash flow.

→ Discover how to hire family members, implement 401(k) vesting schedules, and use tax-efficient investments to build generational wealth.

→ Why create automated systems to save and invest regularly, even during uncertain market conditions.

→ Way to reinforce financial accountability and focus on high-ROI reinvestments.

More from Suzanne Mariga and the Mariga Group:

Website: https://marigagroup.com/

Listen: The Profit Talk

Read: Profit First For Minority Business Enterprises

LinkedIn: @susannemariga 

Instagram: @susanne.mariga

Engage with David T. Yu:

Connect on LinkedIn, Instagram, & Facebook

Sign up for our newsletter or book a call!

Visit: DTY Wealth Planning Solutions

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Tamika Moses and Denise Chambers Palmer are two trailblazing figures in the South Florida real estate landscape, whose journeys reflect their dedication to excellence and empowerment in the industry. Tamika, who originally aspired to be a sportscaster, has become an award-winning real estate leader and the first African American woman to serve as president-elect of the Miami Association of Realtors Commercial Board, emphasizing the importance of confidence, community involvement, and continuous education. Denise, with over 15 years of experience, founded Keys to Legacy Realty Brokerage and focuses on the relentless effort and consistency required in real estate, advocating for mentorship and personalized client service as keys to success. Both women highlight the need for perseverance and adaptability in the evolving market, while championing diversity and community engagement as essential components of a thriving real estate career.

Here’s what to expect this episode:

• Tamika is the president elect of the Miami Association of Realtors Commercial Board for 2024, breaking barriers as the first African American woman in over a hundred years to serve as president.

• Continuous learning and adaptability are significant in the real estate industry, as demonstrated by Tamika's journey mastering short sales and navigating the market crash of 2008.

• Client relationships in real estate are built on a client-centric approach, personalized service, and long-term relationships that extend beyond business transactions.

• The real estate market in South Florida is shifting towards niche neighborhoods, live-work-play developments, and concerns in the condo market for 2024 and beyond.

• Tax mitigation strategies like 1031 exchanges are crucial for real estate and business owners to maximize tax benefits and financial gains.

• Client education is emphasized by Denise and Tamika to empower clients to make informed decisions and build wealth through real estate investments.

• Tamika and Denise are dedicated to community involvement through initiatives like feeding the homeless and establishing scholarships in their real estate careers.

Connect with Tamika Moses:

https://www.linkedin.com/in/tamikamosesrealtor/

Connect with Denise Chambers Palmer:

https://www.linkedin.com/in/denisechamberspalmer/

https://keystolegacy.com/

Connect with David T. Yu:

https://www.dtywealthplanningsolutions.com/ 

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Charles Read, a seasoned certified public accountant with extensive experience in various sectors, offers a critical perspective on the current state of IRS budget allocation. With a looming personnel crisis as many agents near retirement and the agency's reliance on outdated technology, Read underscores the urgent need for increased funding to modernize and improve efficiency. However, he cautions that while the IRS is set to receive a substantial budget over the next decade, the benefits of these investments will take time to manifest, particularly in training new agents. Read advocates for a balanced approach to tax policy, emphasizing fair contributions and the importance of strategic adaptation to global economic changes.

Here’s what to expect this episode:

• The IRS is facing challenges like budget constraints and potential brain drain due to retirement eligibility of 40% of civil servants in the next two years.

• Investment in rebuilding infrastructure, technology, and human resources at the IRS will not have immediate effects.

• Outdated technology and ineffective communication between silos hinder IRS's data integration and lead to operational inefficiencies.

• Fair share taxes and $85-86 billion budget over the next 10 years are important for IRS operations and efficiency.

• Globalization affects tax policies, and companies take advantage of different tax rates across countries.

• Effective strategies for wealth transition, retirement planning, and mitigating taxes are crucial, including charitable contributions and estate planning.

• Individuals who haven't filed taxes in many years should approach the IRS to make necessary arrangements and file past returns to avoid potential issues.

Connect with Charles Read:

https://www.linkedin.com/in/charles-j-read-cpa/

Connect with David T. Yu:

https://www.dtywealthplanningsolutions.com/ 

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