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Carter Cofield, a licensed CPA & tax strategist. After losing both his parents at 16, Carter worked his way through the hardship and got a job as a CPA in one of the big 4. Years later, he quit to become a tax consultant and has now helped multiple businesses save millions on taxes. In this episode, he shares everything you need to know to set a perfect tax foundation for your business and save a lot of money in compliance with IRS rules

00:00 Intro

1:30 Why Carter quit his job

04:37 How to find your way out

07:08 There are TWO things you need to become wealthy

08:58 How to make the tax system work for you!

22:37 You are in control of your life

31:11 How to make great decisions (Alex Hormozi)

33:27 The regret minimization framework (Jeff Bezos & Amazon)

36:43 The framework for building the perfect tax foundation for your business

40:43 How to choose where to set up your business

42:41 Don't do this with your business accounts

47:02 How to turn all your personal expenses into 100% tax deductible expenses.

50:30 Do you need a accountant and book keeper?

53:20 FOUR things to check before choosing an accountant.

1:02:07 How to bring down your taxable income?

1:05:13 How to navigate hiring Employee vs Contractors (and international workers)?

1:08:39 Should you use Paypal, Venmo & Zelle for your business?

1:11:00 How to organize your business.

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Carter's Free Tax book: https://rebrand.ly/TaxFreeBook