EP231: Why Every Contractor Needs a Specialized Tax Advisor: A Conversation with Cody Daniels

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 backgroundImportance of understanding taxes for entrepreneursExplanation of cost segregation and its benefitsCommon accounting mistakes contractors makeTax strategies for contractors, including R&D creditsOverview of the One Big Beautiful Bill and its implicationsImportance of hiring a specialized tax professionalRecommendations for effective tax planningMentioned: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:Laying The FoundationLink to Resources:Grab Brad's tell-all book: The Contractor Profit Blueprinthttps://thecontractorprofitblueprint.comHelp us get the word out to other contractors by leaving us a review or sharing our podcast! Hosted on Acast. See acast.com/privacy for more information.