Unlock Big Tax Savings with Renewable Energy Credits with B•10 Energy

B10energy.com

About the Guest(s):

Eric Gordon is the Vice President of Professional Services at B•10 Energy, a company specializing in renewable energy tax credits. He holds a degree from Boise State University and began his career in accounting before transitioning to commercial real estate. Gordon's professional journey includes a stint as an auditor with Deloitte, where he sharpened skills in areas such as pre-acquisition due diligence and asset purchase negotiations. Outside of his professional commitments, Eric is an avid traveler, baseball fan, and enjoys spending quality time with his family.

Episode Summary:

In this engaging episode of The Chris Voss Show, host Chris Voss speaks with Eric Gordon, the VP of Professional Services at B•10 Energy, a firm dedicated to assisting individuals and corporations in saving money through renewable energy tax credits. With a blend of insightful conversation and humor, the episode delves into B•10 Energy's mission of making accounting — and by extension, tax savings — an exciting and profitable endeavor for its clients.

Eric Gordon discusses the intricacies and benefits of tax credits, particularly focusing on the renewable energy sector. The dialogue covers how B 10 Energy positions itself as a unique player in helping businesses and individuals maximize tax savings, emphasizing the opportunity to invest in tax credits at a discount. Gordon attributes much of his interest in accounting and tax strategy to a motivating early experience with an academic mentor, highlighting how the right guidance can pivot a career trajectory. He opens up about the company's vision of enabling businesses to change the world by offering tools that enhance their financial health.

Key Takeaways:

The Difference Between Deductions and Credits: Understanding the unique characteristics of tax credits, which provide a direct dollar-for-dollar reduction in tax liability, unlike deductions.

Investment Opportunities in Tax Credits: Insights into how profitable corporations and high net worth individuals can leverage renewable energy tax credits for substantial tax savings.

Transferability of Tax Credits: Highlighting recent changes stemming from the Inflation Reduction Act, which allows tax credits to become transferable for the first time.

Strategic Use of Tax Credits: The pivotal role tax credits play in financial planning for those with significant passive income or those who own C-corporations.

Educational Mission: Eric Gordon emphasizes the importance of educating clients and the general public about tax strategies, making them more accessible and actionable.

Notable Quotes:

"At B•10 Energy, we want to help those changing the world have more resources to keep on changing it."

"Understanding some accounting, some taxation can do wonders for business owners and entrepreneurs out there."

"The credits are a way the government incentivizes certain behaviors and supports specific industries."

"If you're going to spend a hundred dollars, might as well spend ninety and benefit from it."

"It's all about the time value of money, and making sure you're utilizing your capital wisely."