In this episode, Tom sits down with financial expert Claudio Gambin to explore strategies for managing your finances as a contractor, reducing tax liabilities, and protecting your assets. From taxes to asset protection, Claudio offers actionable insights that can help contractors maximize profits and safeguard their financial future.

Episode Highlights:

• [00:00] - Intro and special offer details
• [01:13] - Claudio’s background and unique approach to unbiased financial consulting
• [03:40] - Current economic outlook and why contractors should “stack cash” during uncertain times
• [05:16] - Key principles for building a recession-proof business
• [06:14] - Low-hanging fruit for building a business to sell, even if you don’t plan to sell
• [08:31] - The role of personal investment for smaller contractors and larger businesses alike
• [10:29] - The importance of reinvesting surplus cash flow back into the business
• [11:55] - How a 50% gross profit goal compares to traditional investment returns
• [13:16] - The debate on diversification versus doubling down on your own business
• [16:10] - Building liquidity and minimizing fixed costs to stay prepared for future opportunities
• [17:09] - Strategies for using business earnings to invest in real estate for tax efficiency
• [19:01] - Benefits of real estate investments within a business structure for asset growth and tax reduction
• [23:07] - Why construction businesses have unique tax advantages
• [27:24] - Tax strategies for small business owners, including credits, depreciation, and deductions
• [30:15] - The importance of year-end tax planning with a proactive CPA
• [32:05] - How to choose the right CPA and the value of strategic tax planning
• [33:55] - Asset protection basics: separating business and personal assets, auditing insurance, and updating operating agreements
• [35:21] - Tax efficiency in construction: avoiding overpayment and maximizing tax strategies
• [43:45] - Turning threats into opportunities with strong operations and a solid balance sheet

Resources:

Book a FREE 30-minute consultation with Claudio:

https://gfgsolutions.com/

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