Tax Efficiency for Business Owners

Welcome to another episode of "Accelerate Your Business Growth" with your host, Diane Helbig! In today's episode, we have a special guest joining us, Mark Myers. Mark brings a wealth of knowledge and expertise in helping business owners and high-income earning professionals navigate the complex world of tax liability.

In this episode, Mark sheds light on the role of Certified Public Accountants (CPAs) as conservative resources on a team, especially when it comes to tax liability. He discusses how relying solely on your CPA may not maximize your deductions or take advantage of potential savings. Mark shares valuable insights on popular tax credits, such as those for purchasing solar panels, and how companies like Wells Fargo and Amazon have leveraged them.

But it's not just for big companies! Mark explains how individuals can also benefit from these tax credits and explores creative options like installing solar panels on third-party buildings. He also emphasizes the importance of planning ahead and working with professionals like accountants, tax preparers, and financial advisors to optimize tax planning and reduce liabilities. Remember to visit peakprofitsolutions.com to access case studies, book a 20-minute appointment, and explore available resources.

Mark Myers served in the Marines for 8+ years, and received the Distinguished Medal Award and Robert A. Mette Award for outstanding leadership. Today, he is the Founder and CEO of Peak Profit Solutions, a financial services company that for 15+ years has helped thousands of business owners permanently reduce their tax bill on average by 50% without replacing their CPAs or financial investment advisors.

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Each episode of this podcast provides insights and education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful. Whether it’s sales challenges, leadership issues, hiring and talent struggles, marketing, seo, branding, time management, customer service, communication, podcasting, social media, cashflow, or publishing, the best and the brightest join the host, Diane Helbig, for a casual conversation. Discover programs, webinars, services, books, and other podcasts you can tap into for fresh ideas. Be sure to subscribe so you never miss an episode and visit Helbig Enterprises to explore the many ways Diane can help you improve your business outcomes and results.

Tax Strategy for Small Business Owners: "If you can create a deduction for your business that lowers the net profit, but that expense from the business goes to the business owner's personal bank account and is not taxable, That's a pretty good deal, and we can do that every single month of the year."

— Mark Myers 00:13:35

CPAs and Coupon-Cutting: "Your CPA is generally going to be the most conservative, resource on your team. Most do not have the bandwidth nor the desire to seek out these coupons and help their clients apply them."

— Mark Myers 00:27:33

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