Taxes for Entrepreneurs: How to Keep More of What You Earn | ft. Pat Darby - Episode 107 (30JAN26)

It’s time to look, move, and feel your best. If you’re looking to elevate your health (and your business) to the next level, reach out to us at:https://bluechipathleticclub.comIn this episode of the Blue Chip Athletic Club Podcast, Blaise sits down with Pat Darby—founder of Sin City CFO and Darby Wealth Planning—to break down the money side of being a fitness entrepreneur. Pat explains the difference between tax prep (recording the past) and proactive tax strategy (planning ahead), why there’s no extension on tax payments even if you extend paperwork, and the “silent killer” for new business owners: self-employment tax.You’ll learn the first best move for brand-new entrepreneurs (separate business bank account + card), what you can and can’t write off, and why an LLC is mainly a legal/asset-protection tool—not a tax strategy. Pat also breaks down when an S-Corp actually starts to make sense (often around ~$50K net profit), how to think about quarterly taxes, and how business owners can legally pull levers that W-2 employees don’t have access to.We also go into wealth-building: how Pat helps clients lower taxes, increase net profit, and then invest intentionally (including the concept of self-directed retirement accounts and why big institutions often won’t even bring it up). If you’re an online coach, gym owner, or health pro who wants to keep more of what you earn and build wealth without getting blindsided every April, this is a must-listen.Connect with Pat:Website: https://www.darbyba.com/Instagram: https://www.instagram.com/thepatdarby/Podcast: https://www.darbyba.com/podcastsMore from Blue Chip:Podcast hub: https://bluechipathleticclub.com/podcastCoaching & programs: https://bluechipathleticclub.comApp (first month free): https://bluechipathleticclub.com/free-month-trialPartners & Resources1st Phorm supplements:https://1stphorm.com/66bf90e5bed64Sweet Profections protein cookies (code BLUECHIP10 for 10% off):https://sweetprofections.com/?ref=mhcptczoBuilt Different Mastermind (code BLAISE25 for $25 off first month):https://www.builtdifferentcommunity.com/feed​LogTen Pro pilot logbook (free 3 months):https://logten.com/partner/logten-for-bluechip/DISCLAIMER: We are not healthcare professionals (doctors). This podcast is not medical advice. Consult your physician for personal guidance.