Get Niched with IC-DISC
from Healthy Wealthy & Wise Accountants Hosted by Heidi Henderson
This podcast is brought to you by Engineered Tax Services. To learn more go to https://engineeredtaxservices.com/ Connect with David Spray : Podcast : https://www.ic-discshow.com/ Company : https://www.exportadvisors.com/ LinkedIn : https://www.linkedin.com/in/dspray Connect with Heidi Henderson : Linkedin : https://www.linkedin.com/in/heidihendersonets Books Recommended : Man's Search For Meaning Atlas Shrugged The Fountainhead The 80/20 Principle https://healthywealthywise.show/
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What this episode covers
Heidi talks with David Spray about the importance of finding a niche, his work/life balance, what an IC-DISC is, and how it can potentially save your company tons of money a year in taxes.
Chapters
- 0:00 HWW 06 - David Spray
- 0:24 Thank you to Engineered Tax Services
- 1:03 Welcome to the Healthy, Wealthy, & Wise Podcast
- 1:53 David's introduction
- 5:08 Tell me about IC-DISC
- 7:17 What exactly is a company doing when they utilize this?
- 9:08 Can you put a value to the credit? And some more general background on IC-DISC
- 12:26 Why is this not typically handled by a CPA firm?
- 14:19 Ballpark of how much a company could save with this method? And how does it work?
- 17:38 What is the market share that your company services?
- 20:18 Where do you think you stand from a competitive standpoint?
- 23:42 Do you help ongoing management with IC-DISC
- 24:29 Overview of what they do for clients
- 27:12 David shares the story of how he started dating his wife and connects it to niching
- 32:08 If you specialize in everything, you also specialize in nothing
- 38:41 Heidi's client who specializes in gymnastic gyms
- 42:47 How do you balance your professional life with your personal life and passions
- 47:26 Evaluate you self-imposed limitations
- 50:36 Can you tell us about your cycling
- 51:49 E-bikes and beauty of the cycle
- 54:33 If you could reccomend a book, which would it be?
- 56:59 Wrap up
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