Podcast 20: It’s Not How Much Money You Make, It’s How Much You Keep with Craig Cody

Learn how to avoid the Top 10 Most Expensive Tax Mistakes contractors make in today’s interview with CPA and Certified Tax Coach Craig Cody. One of the best reasons to start a contracting business is the tax advantages available to simply working as an employee. To take full advantage of the tax deductions available you have to start off with a proactive tax plan to be sure you keep more of your hard-earned money.

What you’ll hear in this episode:

• Craig’s story: from NY cop to CPA and Certified Tax Coach
• The biggest of Craig’s Top 10 Tax Mistakes? Failing to plan
• Craig gives tips and advice on the following areas to help contractors keep more of what they make:
  1. Setting up your business entity—See an attorney!
  2. Home office deductions—You might be surprised!
  3. Family employment—How to make it work for you
  4. Retirement plans
  5. Using vehicles for business use
  6. Travel and entertainment deductions
  7. Health care strategies
  8. Owning your own building