Welcome to a new episode of Business Lunch! In this session, we dive into the complexities of tax management and business scaling with John Briggs, a tax expert and business strategist from Insight Tax. John shares his journey from struggling with traditional employment to building a thriving business that helps entrepreneurs navigate the intricate world of taxes. Roland Frasier, your host, explores John’s insights on operational efficiency, the impact of proper entity selection, and strategic hiring practices that can propel a business forward.

Highlights:

"Owning a business made more sense through the trial of hard knocks." 

"By being smarter with processes, you can actually work less." 

"Our first project with robotic process automation... will save us a significant amount in labor costs." 

"Structure is a big issue... making sure they understand how expenses work is the biggest opportunity." 

Timestamps:

00:00 - Introduction

02:53 - Insight Tax and the Entrepreneurial Mindset

05:25 - Transitioning from Employment to Entrepreneurship

08:25 - The Evolution of Insight Tax and Operational Efficiency

13:14 - Implementing Robotic Process Automation

16:06 - Scaling the Team from 30 to Over 200

20:02 - Strategic Partnerships and Business Growth

23:34 - Publishing the 3.3 Rule and Insightful Insights

28:11 - S Corp Benefits and Reasonable Compensation Strategies

31:33 - Exploring Deductions: Ordinary and Necessary Expenses

34:22 - The Misconceptions of Tax Deductions in Digital Marketing

37:53 - The Line Between Business and Personal Expenses

40:00 - Closing Remarks and Further Resources

CONNECT 

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RESOURCES:

• 7 Steps to Scalable workbook

 • Get my book, Zero Down, FREE

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