Royal Tax Podcast

By Royal Legal Solutions

The Royal Tax Podcast offers you tax and financial strategies to the next level. Join Megan Templeton Royal Legal Solutions' Consulting Attorney and Royal Legal Solutions CPA, MBA, and CFO, Pete Schin... more

· Business

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FAQs about Royal Tax Podcast:

How many episodes does Royal Tax Podcast have?

The podcast currently has 25 episodes available.

Royal Tax Podcast episodes:

December 05, 2022 Episode 25 - Solo 401k Custodian Duties with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
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MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
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KEY TAKEAWAYS
First, what is a custodian? Investopedia describes it as " ... a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks, bonds, or other assets in electronic or physical form on behalf of its customers."
In this session, Pete breaks down a few key differences between the Self-Directed IRA and the Solo 401k as they relate to custodian duties.
Tax code regulations dictate that if you are using an IRA, the custodian must be a 3rd party bank or trust company. This means that they control when, where, and how assets are invested. Pete explains that this reduced flexibility for investors makes the Solo 401k a beloved alternative.
So what's the difference? With a Solo 401k, you are your own plan administrator. You take on the role of the bank, trustee, or custodian, and the fiduciary responsibilities fall on you. With that, you have the freedom to invest your funds directly without having to work through a 3rd party custodian for a fee.
There are some caveats, though, such as being responsible for monthly, quarterly, and annual reporting. Along with keeping good records that document distributions.
Listen in as Pete and group members discuss how this retirement vehicle can be used to invest in various asset classes, including real estate to grow wealth with less hassle than an IRA.
Want a refresher or to see what you missed? Watch the replay.
REGISTER FOR ROYAL INVESTING and attend for FREE on Zoom, Wednesdays at 11:30 p.m. CST.
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
For tax questions complete this quiz: https://go.royallegalsolutions.com/tax-discover-quiz
For insurance questions complete this quiz: https://go.royallegalsolutions.com/insurance
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DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: http://royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith
https://www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
...more
11min
October 20, 2022Episode 24 - Cash In On Green Energy with Inflation Reduction Act Credits with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
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KEY TAKEAWAYS
The Inflation Reduction Act is creating a lot of buzz. While the IRA has been signed into law, tax service providers and investors alike await the release of IRS guidance as to how the provisions will be applied. Curious about what clauses are most relevant to you, as a real estate investor? Join us as Pete Schindele, Royal Legal Solutions CFO gives a run down on two areas in which you can cash in on green energy rebates.
Changes to the Residential Energy Efficient Program Credit
The credit period has been extended through 2033
It may be applied to non-primary residence
Qualified product upgrades include heating and cooling systems, appliances, water heaters, lighting, building products, and appliances.
Qualified Plug-in Electric Drive Motor Vehicle Credit
Amended and renamed the Clean Vehicle Credit
A new requirement states the final assembly must occur in North America
Imposed income cap at $300k for married couples
Claim a credit of up to $7,500
Pete also touched on changes in Medicare where out-of-pocket expenses were capped and more.
Want a refresher or to see what you missed? Watch the replay.
REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
For tax questions complete this quiz: https://go.royallegalsolutions.com/tax-discover-quiz
For insurance questions complete this quiz: https://go.royallegalsolutions.com/insurance
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: http://royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith
https://www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
...more
16min
October 20, 2022 Episode 23 - Filing Taxes as Partners with a LLC or Series LLC with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
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KEY TAKEAWAYS
Have you wondered how you would file taxes if you had or formed a partnership through an LLC or Series LLC? Partnerships are required to file additional documentation with the IRS called form 1065.
An entity owned by two or more people is considered a partnership by the IRS. The one exception is if the partners are married. In this case, married partners may choose to file a joint personal tax return and forgo form 1065. However, there may be advantages to filing form 1065. Find out why you might want to file form 1065, even though you technically don't have to, in this session of Royal Investing with Pete Schindele.
Want a refresher or to see what you missed? Watch the replay.
REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
For tax questions complete this quiz: https://go.royallegalsolutions.com/tax-discover-quiz
For insurance questions complete this quiz: https://go.royallegalsolutions.com/insurance
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: http://royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith
https://www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
...more
40min
October 13, 2022Episode 22 - How Land Trusts Reduce the Risk of Lawsuits with Scott Royal Smith
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
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KEY TAKEAWAYS
This session of Royal Investing opened with a quick presentation about tax implications relative to land trusts. Not all trusts are required to file taxes. Revocable trusts are the simplest to set up and have no impact on your tax filings.
The remainder of the time involved a QA session with attendees. Scott provided valuable insight on a variety of land trust questions, including:
Does a land trust need to be listed on my insurance policy and an additional insured?
How does a land trust add a layer of asset protection?
Who should sign as the trustee to maintain anonymity?
How does discovery work if a litigation attorney is considering taking a case?
Can I do anything to protect my assets if I am already involved in a lawsuit?
... and more!
Want a refresher or to see what you missed? Watch the replay.
REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
For tax questions complete this quiz: https://go.royallegalsolutions.com/tax-discover-quiz
For insurance questions complete this quiz: https://go.royallegalsolutions.com/insurance
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: http://royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith
https://www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
...more
13min
October 13, 2022 Episode 21 - Entity Selection to Maximize Tax Savings Opportunities with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Megan Templeton, Esq. Megan Templeton is from Birmingham, Alabama. She attended Auburn University and graduated in three years with a Bachelor’s in Psychology. While attending Auburn University, Megan was actively involved in the Auburn Honors College and Omega Phi Alpha, a service sorority. Upon graduation from Auburn University, she pursued her Juris Doctorate from Samford University’s Cumberland School of Law and her Master’s of Public Administration from the University of Alabama at Birmingham. Megan obtained both her JD and MPA in December 2015. Megan’s previous law positions have included clerk at the U.S. Attorney’s Office of the Northern District of Alabama, manager of a closing and title company, and currently the owner and principal attorney of Iron City Law, a boutique law firm in Birmingham, AL serving small businesses and the real estate community.
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KEY TAKEAWAYS
Royal Legal Solution's CFO, Pete Schindele, led an informal discussion about appropriate entity selection for real estate investors to maximize tax savings. Many people start out as a Sole Proprietorship that sets up an LLC for asset protection from personal loss. As your business grows, you will find that an S Corporation or C Corporation may be more beneficial to lower your tax burden by avoiding the self-employment tax.
Pete shared a simple cost benefit analysis guideline to help determine which entity structure is the best relative to current business size or earned income. Also, learn how your decision may be affected depending on if your income is active or passive.
Want a refresher or to see what you missed? Watch the replay.
REGISTER FOR ROYAL INVESTING and attend LIVE on Zoom, Wednesdays at 11:30 p.m. CST.
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Asset Protection, Tax Strategy, or Estate Planning?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: http://royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith
https://www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
...more
50min
June 07, 2022Episode 20 - Wrap-Up Session with Tax Code Updates with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Pete Schindele, CFO, CPA. Pete is from Boise, Idaho, where he attended the University of Idaho and earned a Bachelor of Science in Business, majoring in Accounting and Finance. Pete has been a licensed CPA in the State of Idaho since 2011. He is the owner of Gryphon Financial Consulting, PLLC, a boutique consulting firm in Boise, advising small businesses and real estate investors on budgeting, forecasting pro forma financial statements, scenario analysis, tax, and financial modeling. In 2020, Pete joined Royal Legal Solutions as their Chief Finance Officer. Pete enjoys domestic and international travel, attending concerts, and seeking out investment opportunities in real estate around the Northwest.
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KEY TAKEAWAYS
In our final Royal Tax live group mentoring session, Pete shared changes in the tax code that were most relevant to real estate investors.
These included:
Standard deductions increase for all filing statuses
Health Savings Account contribution limits increased
Estate Tax and Gift Tax limits raised
The group discussed other ways to reduce their taxable income, such as hiring your children to work for your business. One of our seasoned investor attendees outlined the mechanics of how he maximizes his tax advantage through a structured approach to compensating family members. At the same time, he highlights the significance of using this as a technique to teach responsibility while creating generational wealth.
Additional ideas were shared by group members that are worth a listen.
Ready to catch up and see what you missed? Watch the replay.
*********************************************************************************
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Tax Strategy?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith. www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. www.facebook.com/groups/495820367909918/
...more
32min
June 07, 2022Episode 19 - Equity Stripping to Raise Capital for Real Estate Investing
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Pete Schindele, CFO, CPA. Pete is from Boise, Idaho, where he attended the University of Idaho and earned a Bachelor of Science in Business, majoring in Accounting and Finance. Pete has been a licensed CPA in the State of Idaho since 2011. He is the owner of Gryphon Financial Consulting, PLLC, a boutique consulting firm in Boise, advising small businesses and real estate investors on budgeting, forecasting pro forma financial statements, scenario analysis, tax, and financial modeling. In 2020, Pete joined Royal Legal Solutions as their Chief Finance Officer. Pete enjoys domestic and international travel, attending concerts, and seeking out investment opportunities in real estate around the Northwest.
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KEY TAKEAWAYS
Equity stripping is a varsity-level real estate move, but it’s also an asset protection classic for good reason. If you are unfamiliar with equity stripping, please see these resources as a primer to the somewhat advanced conversation during Royal Tax group mentoring.
Equity Stripping for Real Estate Investors
The Pros and Cons of Equity Stripping
5 Strategies for Protecting the Personal Equity in Your Home
Ready to catch up and see what you missed? Watch the replay.
*********************************************************************************
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Tax Strategy?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith. www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. www.facebook.com/groups/495820367909918/
...more
51min
June 07, 2022 Episode 18 - Tax Deadline Follow-Up ‘Fireside’ Chat with Pete Schindele
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Pete Schindele, CFO, CPA. Pete is from Boise, Idaho, where he attended the University of Idaho and earned a Bachelor of Science in Business, majoring in Accounting and Finance. Pete has been a licensed CPA in the State of Idaho since 2011. He is the owner of Gryphon Financial Consulting, PLLC, a boutique consulting firm in Boise, advising small businesses and real estate investors on budgeting, forecasting pro forma financial statements, scenario analysis, tax, and financial modeling. In 2020, Pete joined Royal Legal Solutions as their Chief Finance Officer. Pete enjoys domestic and international travel, attending concerts, and seeking out investment opportunities in real estate around the Northwest.
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KEY TAKEAWAYS
This episode involved an informal discussion amongst participant about how their tax filing experience had gone. Attendees volunteered that many had filed for an extension. Is this a relevant concern of yours? Don’t worry. Filing an extension is especially common to investors who may be delayed in obtaining necessary paperwork to file. One example of this is the K1 documentation.
During the Q/A portion, members asked questions to clarify the Real Estate Professional specific to when you should vs. when you shouldn’t take this designation. Enjoy the collective wisdom shared in this group session.
Want a refresher or to see what you missed? Watch the replay.
*********************************************************************************
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Tax Strategy?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith. www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. www.facebook.com/groups/495820367909918/
...more
1h 16min
June 07, 2022Episode 17 - Apps to Help Run Your Business More Efficiently
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Pete Schindele, CFO, CPA. Pete is from Boise, Idaho, where he attended the University of Idaho and earned a Bachelor of Science in Business, majoring in Accounting and Finance. Pete has been a licensed CPA in the State of Idaho since 2011. He is the owner of Gryphon Financial Consulting, PLLC, a boutique consulting firm in Boise, advising small businesses and real estate investors on budgeting, forecasting pro forma financial statements, scenario analysis, tax, and financial modeling. In 2020, Pete joined Royal Legal Solutions as their Chief Finance Officer. Pete enjoys domestic and international travel, attending concerts, and seeking out investment opportunities in real estate around the Northwest.
*********************************************************************************
KEY TAKEAWAYS
This session opened with clarification on the application of the August Rule.
Augusta Rule: Homeowners Can Earn Tax-Free Income
Then, Megan Templeton, Esq. led a group discussion about the best apps for real estate investors and entrepreneurs to track and manage their activities.
Recommendations were shared in the areas of:
Business expense tracking
Time tracking
Reciept tracking
Streamlining communication channels
Discover a few techniques used by seasoned investors. These solutions range from robust and high-tech to "tried and true" legacy methods.
Want a refresher or to see what you missed? Watch the replay.
*********************************************************************************
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Tax Strategy?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith. www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. www.facebook.com/groups/495820367909918/
...more
43min
June 07, 2022 Episode 16 - Active vs Passive Income Defined & How to Make a Shift
ROYAL LEGAL SOLUTIONS
Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.
*********************************************************************************
MEET THE HOSTS
Scott Royal Smith, Esq., CEO, Real Estate Investor. As the founder of Royal Legal Solutions, I am an asset protection attorney and long-time real estate investor in every asset class in 10+ states. My background in litigation and investing uniquely has provided me with insights into how to best use the law for maximum legal advantage while streamlining operations, taxes, and compliance.
Pete Schindele, CFO, CPA. Pete is from Boise, Idaho, where he attended the University of Idaho and earned a Bachelor of Science in Business, majoring in Accounting and Finance. Pete has been a licensed CPA in the State of Idaho since 2011. He is the owner of Gryphon Financial Consulting, PLLC, a boutique consulting firm in Boise, advising small businesses and real estate investors on budgeting, forecasting pro forma financial statements, scenario analysis, tax, and financial modeling. In 2020, Pete joined Royal Legal Solutions as their Chief Finance Officer. Pete enjoys domestic and international travel, attending concerts, and seeking out investment opportunities in real estate around the Northwest.
*********************************************************************************
Want a refresher or to see what you missed? Watch the replay.
*********************************************************************************
Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains our top 5 video Masterclasses and ebooks.
*********************************************************************************
ENGAGE WITH US
Are you ready to take action on Tax Strategy?
Take our Financial Freedom Quiz, where we will gather your general information to have a productive conversation. At the end of the quiz, you will have the opportunity to schedule your consultation. https://hubs.la/Q014rfVz0
*********************************************************************************
DISCORD COMMUNITY
https://discord.gg/KKS7rZG5kM
*********************************************************************************
WEBSITE: royallegalsolutions.com
LINKEDIN: Check out what folks are saying and make a professional connection with Scott Royal Smith. www.linkedin.com/in/scott-royal-smith/
FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. www.facebook.com/groups/495820367909918/
...more
15min

FAQs about Royal Tax Podcast:

How many episodes does Royal Tax Podcast have?

The podcast currently has 25 episodes available.