EP231: Why Every Contractor Needs a Specialized Tax Advisor: A Conversation with Cody Daniels
Description
Taxes might not be the most exciting topic but they play a huge role in both personal and business finances. Whether you're an individual or a business owner, understanding how taxes work is essential. It’s not just about staying on the right side of the law, it’s also a key part of smart financial planning and growing your wealth over time.
In this episode, Brad and Cody talk about:
- Introduction to Builders Tax Group and Cody's background
- Importance of understanding taxes for entrepreneurs
- Explanation of cost segregation and its benefits
- Common accounting mistakes contractors make
- Tax strategies for contractors, including R&D credits
- Overview of the One Big Beautiful Bill and its implications
- Importance of hiring a specialized tax professional
- Recommendations for effective tax planning
Mentioned:
Website: https://builderstaxgroup.com/
Instagram: https://www.instagram.com/builders_tax_group/
Facebook: https://www.facebook.com/p/Builders-Tax-Group-61567222373060/
LinkedIn: https://www.linkedin.com/in/cody-daniels-btg/
Book:
Link to Resources:
Grab Brad's tell-all book: The Contractor Profit Blueprint
https://thecontractorprofitblueprint.com
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