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Taxes as a Coach & Entrepreneur: The Ultimate Guide
In this episode, Hailey Rowe welcomes Dr. Sherry Peel Jackson, a retired CPA, to discuss essential tax tips for business owners. Together, they delve into key topics, including the dos and don’ts of managing taxes as a business owner, the differences between an S-Corp and LLC, and the latest updates on the BOIR Form as of November 6th, 2024. This episode is packed with actionable advice to help you navigate the complexities of business taxes and make informed decisions for financial success.
In this episode, you’ll learn…
- Taxes do’s and dont’s as a business owner
- The difference between an S-Corp and LLC
- What’s the low down on the BOIR Form as of November 6th 2024
Quotes from the episode
- “Now, a lot of CPAs don’t even deal with taxes. The ones that do, they may not have the experience. So somebody that has maybe taken the Enrolled Agent class, if they’re not a CPA, it used to be where any shade tree Joe could do a tax return, but then they tightened up on that, and they want CPAs and attorneys or enrolled agent.” – Sherry Peel Jackson (CPA)
- “If you do the scanning and it goes into some kind of a software, you just make sure that those receipts are somewhere on an external hard drive, just in case your computer fries or something like that. You want to have the receipts on there, because when you scan them, they are legitimate copies. And then once you scan them and put them on an external drive, you save that as if it’s part of your records for that year.” – Sherry Peel Jackson (CPA)
About Sherry Peel Jackson (CPA)
Dr. Sherry Peel Jackson is a seasoned expert in personal finance, taxation, and wealth-building strategies. With a rich background spanning over three decades, she has empowered countless individuals to get out of debt, minimize their taxes, and maximize their financial growth.
As a retired CPA, Dr. Sherry has educated thousands on achieving financial freedom, while her experience as a former IRS agent provides her with insider knowledge on the deductions and strategies used by the wealthy to maintain their wealth. In her role as a business strategist, she equips individuals with proven techniques to shift from working for money to having their money work for them. Additionally, as a real estate investor with holdings both in the U.S. and internationally, Dr. Sherry brings a diverse perspective to wealth creation. Her dedication to helping others keep, protect, and grow their earnings makes her a trusted authority in financial success.
Links & Resources
- Sherry’s Website
- Sherry’s Instagram
- Debt and Credit Cards for Your Business Growth with Jack McColl
- Organization & Overwhelm With Kris Ward
Disclaimer
The advice given on this episode does not qualify as financial, legal, or investing advice. Make choices at your own risk
