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The Educational Accountant: Learning to Minimize Your Tax Bill featuring David Encarnacion with Daycare AccountingPRO
- 2024/07/14
- 再生時間: 46 分
- ポッドキャスト
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サマリー
あらすじ・解説
This episode of the Small Business Origins podcast features guest David Encarnacion, the founder of Day Care Accounting Pro. They discuss David's journey into entrepreneurship, from working various jobs like driving a cab and bartending while attending college, to becoming a stockbroker and eventually an accountant focused on helping daycares. If you have tax questions and would like to limit your liability, this episode is for you!
Main discussion points:
- The importance of tax planning for small businesses instead of just tax preparation
- Common mistakes David sees daycares making with their taxes and entity structure
- How proper bookkeeping, payroll, and taxes can help daycares grow their business and retain more of their income
- Actionable tax strategies listeners can implement like retirement contributions and bonus depreciation
Guest Bio:
David is a Tax Strategist, Speaker and Founder of Daycare AccountingPRO. David runs a boutique accounting practice exclusively servicing the Daycare Industry for over 10yrs. David and his team provide modern-day accounting tactics & strategies to help Daycare Owners increase profits, cut cost, pay the least amount to the IRS and put owners on the road where they can focus on building their business so they can ultimately enjoy peace of mind. David has put together a team of strategic thinkers focused on exploring tax strategies, uncovering hidden gems in the tax code, and executing outside-the-box tactics that will increase revenues, save on taxes, and bring unsurmountable VALUE to the Daycare Industry. If Owners are not as financially successful as they want to be, the team will help them to get there. David’s mantra is “Daycare Owners suffer from an inherent number of challenges; Accounting should NOT be one”.
Key Quotes:
"Everyone talks about, without naming any names, all these companies and individuals that are paying 0 in taxes or very little. Well, guess what? That's what you should be following." [00:20:29]
"If you're paying tax, you're in a group that doesn't know." [00:36:33]
"How much business can you bring in if you had an additional 43 days?" [talking about spending less time on bookkeeping] [00:43:43]
Links Mentioned:
Daycare AccountingPRO Online
X (Twitter)
YouTube
TikTok
Beefy Marketing
Small Business Origin Online
Sponsor: Wingman
John Kelley's Links