02.12.2020 Sharon Spano, Ph.D.

Proactive Tax Planning: Strategies for Business Owners, with Craig Cody

 

Craig Cody is a Certified Public Accountant, Certified Tax Coach, Business Owner and Former New York City Police Officer with 17 years of experience on the Force. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain certified. Craig has just written his 3rd book: The 12 Biggest Tax Mistakes That Cost Dentists Thousands.

What you will learn in this episode:

  • How Craig's career path led to working as a Certified Tax Coach and planner after serving in the U.S. Air Force and the NYPD
  • How Craig's specialty in proactive tax planning helps his business clients legally lower their tax bill over the course of the year
  • Why business owners of all kinds often make important tax mistakes that cost them money, and why it is important to speak to your CPA on a regular basis
  • What valuable tax strategies and deductions business owners often overlook that can help them save money on their taxes
  • How a CPA differs from a financial planner, and how Craig managed a quick and easy transition from working as a police officer to working as a CPA
  • Why Craig believes his work in the police department helped him develop communication skills and prepared him for his CPA work
  • What advice Craig would offer to anyone considering a major career pivot, and how Craig dealt with the challenge of learning a new career after retirement
  • What key qualities Craig suggests you look for in a good CPA, who Craig considers to be his ideal client, and what challenges he faces in his work
  • Why proactively and thoroughly documenting your expenses is crucial for saving money on your taxes while obeying legal requirements
  • How to get a free printed copy of Craig's previous book The 10 Most Expensive Mistakes That Cost Business Owners Thousands

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Published by Sharon Spano, Ph.D. February 12, 2020