Teaching Tax Flow: The Podcast

In this exciting episode, we jump into the complex legal realm of short-term rentals with our special guest, Jeff Hampton, an esteemed expert in the field and co-founder of STR Law Guys. As the popularity of platforms like Airbnb and VRBO continues to soar, so does the need for a comprehensive understanding of the legalities involved in this growing industry.

Join us as we explore the key legal aspects that both hosts and guests need to be aware of when engaging in short-term rentals. Jeff Hampton brings his extensive experience and deep knowledge of the subject, shedding light on common legal challenges, local regulations, and best practices to ensure a smooth and compliant experience for all parties involved.

Throughout the conversation, we cover a range of topics, including the importance of reviewing local laws and regulations before listing a property, the potential liabilities for hosts and guests, and the evolving legal landscape surrounding short-term rentals. Jeff shares valuable insights, practical tips, and cautionary tales, offering listeners a clear understanding of navigating legal complexities and protecting their interests.

Guest:
Jeff Hampton
Owner and Managing Partner @ STR Law Guys
www.strlawguys.com

Lessons:
www.teachingtaxflow.com/store

Episode Sponsor:
Strategic Associates, LLC
Roger Roundy
www.linkedin.com/in/roger-roundy-86887b23

In this episode, we discuss what qualifies as legitimate business deductions. As a business owner, knowing what expenses you can deduct to lower your tax bill is essential.

Crammed into this 20-minute chat, we will provide various examples of deductible expenses, including some do's and don'ts. We will cover expenses such as office supplies, travel expenses, and advertising costs. But we won't stop there. We will also touch on unique expenses, such as Pitbulls and airplanes. Yes, you heard that right! We will explain how even these expenses can be deductible under certain circumstances.

Whether you're a seasoned business owner or just starting out, this episode is a must-listen for anyone looking to file their taxes confidently and maximize their deductions. Tune in now to learn more.

As promised, here's the direct link to our new YouTube Channel.
www.youtube.com/@teachingtaxflow

Episode Sponsor:
REPStracker

https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)

In this episode, we're joined by Trevor Terndrup and Tommy Putnam of the pop-rock band Moon Taxi to discuss the intersection of music and money. These guys have graced large-scale festival stages at Lollapalooza, Coachella, and Bonnaroo amongst many others. They are also no strangers to National TV appearances such as those on Late Show with David Letterman, Late Night with Seth Meyers, The Late Show with Stephen Colbert, Conan, and Jimmy Kimmel Live!

We dive into the financial side and management within the music industry and how they started as a live band in the early 2000s. We also hear from the guys, their advice to others getting started, and even their favorite cereal.

Whether you're a music lover or an aspiring musician, this episode offers valuable insights into the financial realities of the music industry.

Tune in to learn how Moon Taxi has navigated the business side of music while staying true to their artistic vision.

Guests:
Trevor Terndrup
Tommy Putnam
www.ridethemoontaxi.com

Episode Sponsor:

Legacy Lock (www.teachingtaxflow.com/legacy)
DISCOUNT CODE: Enduring1295

In this episode, we had the honor of Michael Gomez (Hive Nashville) joining us to discuss the current state of the Nashville, TN real estate market.

Nashville has been a hotbed of growth and development in recent years, and Michael provides insights into the key drivers behind this boom.

We explore topics such as the impact of the pandemic on the market, the role of new construction in meeting demand, lending challenges, and the areas of the city that are experiencing the most growth. Michael also shares his thoughts on the future of the Nashville real estate market and what investors and homebuyers can expect in the coming years.

Beyond the knowledge he brings, his optimistic and can-do attitude is nothing short of motivating! He even goes into detail on how he and his wife ended up on Flipping Showdown, one of HGTV’s competition shows.

Whether you're a local resident or an out-of-state investor looking to break into the Nashville market, this episode offers valuable insights into one of the most dynamic real estate markets in the country.

Guest:
Michael Gomez
Owner-Broker @ Hive Nashville
www.hivenashville.com

Episode Sponsor:
The Mortgage Shop

www.mortgage.shop

In this episode of "Self-Employed Basics," we jump into the world of taxes for self-employed individuals.

Being self-employed comes with many benefits, but it also means you are responsible for managing your taxes. This episode covers a range of topics, including entity formation, asset protection, and fringe benefits.

Whether you're a freelancer, contractor, or small business owner, understanding your tax obligations is crucial for your financial success and sanity. Join us as we provide practical tips and insights on simplifying the somewhat complex world of self-employed taxes.

Lessons:
www.teachingtaxflow.com/store

Episode Sponsor:
Strategic Associates, LLC
Roger Roundy
www.linkedin.com/in/roger-roundy-86887b23

In this episode, we sit down with Chris Gilroy, Co-founder of WildLife Partners, to discuss the world of alternative investments and the unique opportunities that exist within the exotic animal industry.

Chris shares his expertise on how these investments can tie directly into a tax strategy and provides insights into the benefits of investing in wildlife conservation. We explore how WildLife Partners is providing a way for investors to contribute to conservation efforts while also potentially earning returns on their investments.

We also chat about a Cape Buffalo that just sold at auction for $790,000!

Tune in to learn more about the fascinating world of exotic animal investments and how they can potentially fit into your financial portfolio.

Guest:
Chris Gilroy
Co-Founder @ WildLife Partners
www.wildlifepartners.com

Episode Sponsor:

Legacy Lock (www.teachingtaxflow.com/legacy)
DISCOUNT CODE: Enduring1295

In this episode, we sit down with Roger Roundy, CEO of Strategic Associates LLC, to talk about opportunities within Private Reinsurance Programs. An 831(b) is a tax provision that allows small insurance companies to receive certain tax benefits by creating their own private insurance company that insures risks in their business that are typically considered "uninsurable." This program can be massively beneficial for those who fall into a high marginal tax rate, as it allows for up to $2.5M in tax deductions.

Join us as we dive into the details of the 831(b) and private reinsurance program with Roger Roundy.

Episode Sponsor:
REPStracker

https://repstracker.com/affiliate/teachingtaxflow (CODE: IFG)

Guest:
Roger Roundy
CEO @ Strategic Associates, LLC
www.linkedin.com/in/roger-roundy-86887b23
www.rogerroundy.youcanbook.me

Filing taxes can be a stressful time for many individuals and businesses. With the deadline approaching, it's easy to feel overwhelmed and unprepared. However, a solution can alleviate some of that stress: filing a tax extension.

In this episode, we'll explore the value of filing a tax extension and how it can benefit taxpayers. We'll discuss how an extension can give you more time to gather necessary documents, review your tax return, and avoid costly mistakes. We'll also delve into some common misconceptions about tax extensions and explain why they are a valuable tool for taxpayers.

Chris Picciurro, our co-host and an experienced certified public accountant (CPA), will share his insights on the benefits of filing a tax extension and offer tips on making the process as smooth as possible.

Whether you're a small business owner or an individual taxpayer, this episode will provide valuable insights into the benefits of filing a tax extension. So, tune in to discover how a tax extension can help you avoid stress and potential filing errors, resulting in a better outcome for the taxpayer and preparer. 

Episode Sponsor:
The Mortgage Shop
www.mortgage.shop

Teaching Tax Flow Article:
www.teachingtaxflow.com/blog/value_of_a_tax_extension 

On this week's episode of Teaching Tax Flow: The Podcast, we have two special guests back with us: Heidi Henderson and Stacy Deru from Engineered Tax Services. 

Join us as we dive into the exciting world of Research & Development credits and learn how these credits can benefit innovative companies throughout the United States. Many can take advantage of R&D credits from tech startups to established businesses to boost their bottom line and aid in their continual growth. Heidi and Stacy will break down the ins and outs of R&D credits, providing invaluable insights and tips for businesses looking to maximize returns. Get ready to nerd out on tax savings and innovation.

Guests:
Heidi Henderson
www.linkedin.com/in/heidihendersonets

Stacy Deru
www.linkedin.com/in/stacyderu

Episode Sponsor:
Strategic Associates, LLC
Roger Roundy
www.linkedin.com/in/roger-roundy-86887b23

During this episode, we'll discuss the importance of choosing the best tax professional for your specific needs. We'll dive into the importance of assessing the elements that make them the best fit, such as technology for communication and file sharing, client data security, tax prep style, and much more. Additionally, we'll highlight some things to watch out for. Better know the “red flags”.

By the end of this episode, you’ll be equipped with the necessary knowledge to make an informed decision when choosing a tax professional to ensure you receive the best possible outcome for your tax situation. 

You may already have the best team in place already!

Episode Hosts & Guests: 

Christopher Picciurro, CPA, MBA, PFS, ARA

John Tripolsky⁠

Episode Sponsor:  Spotify for Podcasters

Episode Resources:

www.micpa.org/resources/resources-for-taxpayers