Tax Savvy

Summary

In this podcast episode, Ryan Stephenson interviews Jason Frownfelter, VP of Client Relations at TaxMatrix, a company specializing in sales and use tax recovery and exemption compliance. Jason shares his unique journey into the tax consulting industry, the services offered by TaxMatrix, and the importance of technology in streamlining operations. The conversation also delves into the challenges faced in tax consulting, the significance of building strong partnerships across tax firms, and the ethical considerations in client relationships. Jason emphasizes the value of treating employees as top assets and the importance of personal relationships in sustaining business success.

Chapters

00:00 Introduction to TaxMatrix and Jason's Journey
02:43 Understanding Sales and Use Tax Services
05:30 Technology in Tax Consulting
08:04 Building Strong Partnerships
10:57 Challenges in Tax Consulting
16:44 The Importance of Employee Relationships
19:13 Ethics and Client Relationships

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

In this conversation, Craig Fouts CPA, Partner at Align Tax Consulting and Kyle Stephenson D.O. discuss the intersection of real estate investment and tax strategies, particularly for physicians. Kyle shares his journey from being an orthopedic surgeon to becoming an informed real estate investor, emphasizing the importance of education and understanding tax benefits. They explore various strategies for building wealth through real estate, including the significance of due diligence, the role of passive income, and the necessity of aligning with trustworthy operators. The discussion concludes with practical advice for aspiring investors, highlighting the need for organization, education, and strategic planning.

https://youtu.be/eiDvP3Bz6Fo

Sound Bites

• "Find your investor DNA."
• "Don't let the tax tail wag the dog."
• "Surround yourself with experts."

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

In this episode, Owen Pryor of Evans May Advisory shares his journey in the financial services industry, the innovative structure of his CPA firm, and the importance of client service. Owen emphasizes leveraging technology to enhance client engagement and the evolving needs of clients in today's market. The discussion also covers the significance of quarterly planning in light of recent tax law changes, the value of partnering with Align Tax for specialty tax services, and strategies for talent acquisition and firm growth. Owen shares insights on community engagement and the future plans for Evans May Advisory, highlighting their commitment to providing exceptional service.

Takeaways

• Owen has been in the financial services industry since 2006.
• Owens May Advisory aims to provide a unique approach to CPA services.
• They do not track billable hours, focusing instead on value-added services.
• Leveraging technology is key to enhancing client communication.
• Quarterly planning is essential for effective tax strategy.
• Clients prefer a seamless transition between CPA and wealth management services.
• The firm is focused on community engagement and providing affordable space for not-for-profits.
• Talent acquisition is a priority, with a focus on work-life harmony.
• The firm is excited about their new office and growth opportunities.

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

In this episode of the Tax Savvy podcast, our host Craig Fouts of Align Tax Consulting speaks with international tax lawyer, Sean King about the evolving landscape of global business and taxation. Sean shares insights from his extensive experience in the field, discussing the challenges and opportunities faced by companies operating across borders. Key topics include the importance of transfer pricing, the impact of recent tax legislation, and the trend of reshoring operations back to the U.S. The conversation emphasizes the need for collaboration among trusted advisors to navigate the complexities of international tax compliance and business strategy.


Key Takeaways:

• Transfer pricing is a critical compliance issue for multinational companies.
• Recent tax legislation has created both challenges and opportunities.
• Reshoring operations can lead to significant tax implications.
• Collaboration among advisors is essential for client success.
• Companies must revisit transfer pricing documentation after supply chain changes.
• Inbound investment in the U.S. is currently high due to various initiatives.
• Understanding local tax implications is crucial when exiting foreign jurisdictions.

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

In this conversation, Bob Lewis, President of the Visionary Group, discusses the current challenges and opportunities in the accounting industry, particularly focusing on M&A, private equity, and the impact of AI. He emphasizes the importance of having a clear independence plan for firms, the need for informed decision-making in succession planning, and the potential for firms to reshape their pricing and service models to enhance profitability. Bob also shares insights on the future of M&A activity and the evolving landscape of accounting firms as they adapt to new market demands.

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

In our very first episode, we sit down with Jason Werner of Werner Financial to talk about the power or pairing strategic financial planning with specialty tax strategies.  Jason brings his signature energy and insights as we dig into how thoughtful planning can unlock major opportunities for clients. 

If you've ever wondered whether your financial plan is missing a critical piece, this is the episode to start with!

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.

Welcome to the Tax Savvy Specialty Tax Podcast!  In this sneak peek, Ryan and Craig give you a behind-the-scenes look at what's coming.  This isn't your typical tax podcast - expect engaging guest experts, real business case studies, and technical insights that actually make sense. Tune in to see how specialty tax can deliver real value to your business and get ready to subscribe before our first full episode drops!

You've been listening to the Tax Savvy Specialty Tax Podcast: real business stories, engaging guest experts, and practical tax strategies, all designed to help you keep more money in your pocket. Subscribe now to catch every episode.