Episode 71: 10 Most Expensive Tax Mistakes with Craig Cody

In this episode David talks with Craig Cody from “Craig Cody and Company” a certified CPA and Tax Coach.  David and Craig talk about how having a tax coaching could possibly be the best decision a business person makes.  Craig and his clients review financial statements monthly and review all the ways to save money by NOT paying taxes.  Basically he is a master of the tax loophole, deductions and how to avoid paying taxes.   He knows his stuff and he shared his list of the “10 Most Expensive Tax Mistakes” most people make.   This list contains items like audit paranoya, having the wrong business entity, missing medical benefits, home offices and athletic facilities.  He also talks about qualified business income and setting up the right retirement plans.   The most important thing to avoid expensive tax mistakes is Failing to Plan.   Tax Planning is a year round activity not just something that is done on April 15th each year.