199: Financial Gravity: Lower Taxes and Higher Profits with John Pollock

What this episode covers

John Pollock is the CEO of Financial Gravity and an expert in tax planning for entrepreneurs and small business owners. He is the author of a book about the 10 biggest tax mistakes small business owners make, which is available for free through his website or by text. John has also created a program to train accountants and financial professionals in tax-saving strategies. John Pollock from Financial Gravity wants to help you save on your taxes, since accountants and bookkeepers aren't trained for that. He has some unique insights on how you can get a tax blueprint to proactively plan your finances. Be sure to text "TAXBOOK" to phone number 33-4444 for a free bonus. https://www.youtube.com/watch?v=XTwD2CvmCSM Quotes: “If I can show you ways to save on federal and state taxes, you'll also gain savings on payroll taxes and sales taxes, leading to a compounding effect.” – John Pollock “The tax code is not designed for the rich. It's actually designed for the small business owner.” – John Pollock “The IRS is a collection agency. That's the stark reality, and collection agencies are going to go after people that don't know the tax code, not people that do know the tax code.” – John Pollock Takeaways: 02:08 Many business owners are surprised by big tax bills, and most accountants are not trained to help lower taxes. 06:00 There are thousands of pages in the tax code that can help business owners save money, but most people don’t know about them. 08:32 Using legal tax rules does not make you more likely to get audited. 14:00 Changing how you handle your business taxes can save you a lot of money. 20:08 Having a clear tax plan, like a “tax blueprint,” helps you know what steps to take to pay less in taxes.

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