Mac Prichard is the Founder and President of Prichard Communications, a PR company that works with foundations, non-profits, and other social change organizations. He helps his clients tell their stories in order to make a difference to the issues they care about or the communities they work in or serve. On this episode, he talks about the challenges of managing PR and marketing for “products” that do not operate in the traditional sense.

Michael Peticolas is an entrepreneur who owns the Peticolas Brewing Company. A 5th-generation Texas trial attorney, he finally turned to pursue his passion for beer in 2010 by starting his own brewery. It was not an easy journey and he had numerous obstacles to overcome, many of them to do with the archaic laws in the state of Texas. Tune in to this fascinating episode to find out more about how Michael pioneered the micro-brewery industry in Texas and the challenges he faced.

We’ve all got an image in our minds of who uses offshore tax havens to host their business — but most are not the crooked billionaires we have in mind. In fact, Paul David Hewson, dubbed “Bono” for his good voice, was linked to some fraudulent tax avoidance through sharing ownership of an offshore company — but there are two sides to every story.

Stranger Things is chock full of nostalgic ’80s references and naturally, has me nostalgic for 1980s taxes. From writing off 100% of the cost of a business lunch to people fraudulently claiming tax deductions on nonexistent children — taxes were a lot different in the 80s!

Todd Peoples is a partner at Take Command Health, a company in the healthcare space that helps people navigate the complexities of health and medical insurance, by providing people with more options to help them make better decisions based on their specific needs.

When Amazon was deciding where to place their new headquarters, municipalities all over the U.S. sent in their bids in an attempt to have it placed in their town, in turn boosting their economy. Even though you may not have the same amount of muscle to flex (as a Municipality) to negotiate your own tax rate, you still can use the tax code to your benefit.

 

Key Takeaways:

[:22] Former President Jimmy Carter once called our tax code a disgrace to the human race.

[1:26] Amazon.com: From a mere online bookseller in the ’90s to the largest online retailer in the world.

[3:15] Municipalities all over the U.S. submit their bids to have the new Amazon facility placed in their town or city in hopes of boosting their economy.

[4:12] You may not have enough muscle to negotiate your own tax rate, but you can use the tax code to your benefit.

[4:30] Call Financial Gravity for a plan and see how much we can deliver.

 

Mentioned in This Episode:

Financial Gravity

 

In this episode, Taylor and John discuss what it takes to be a best-selling author, the complexities and changes in the book publishing industry, and her journey to reaching her current level of success. Tune in to find out more about Taylor’s inspiring story!

Rich art collectors donate art to avoid tax on capital gains and receive major tax deductions from their private collections. Even though your art collection at home may be small, you can still take advantage of the same tax planning strategies that major collectors use.

 

Key Takeaways:

[:56] The new toy capitalism’s winners are showing off that comes with some beautiful tax breaks: private art museums

[1:23] Rich art collectors donate art to avoid tax on capital gains.

[2:34] The private museum: Get your deduction and have control over your collection.

[3:10] Who sets up one of these private museums? Peter Brant Jr. and Mitchell Rales.

[4:00] We realize your art collection might not include more than the dogs playing poker, hiding in your basement rec room — but that doesn’t mean you can’t canvas the tax code for the same tax planning strategies that major collectors use to structure their private museums. Just call Financial Gravity for a plan and we’ll see if we can make beautiful art with your finances.

 

Mentioned in This Episode:

Financial Gravity

EJ Carrion is the founder of Student Success Agency, an agency that represents high school students and teenagers and provides them with access to student support services around-the-clock to give them exponentially more time and readiness for college, their career, and life.

On this episode, Richard and John discuss his strategies for helping attorneys get the freedom that they want. It all boils down to creating systems that will help your business run without you, and also allow it to grow and expand. Tune in to find out more about Richard and how he has helped hundreds of attorneys maximize their practices.