Camas Advice: Tax Reduction and Financial Planning

In this episode of Get a Load of This podcast, Cameron Pechia, and Thomas Comstock are joined by Rick Bailey and Dallas Richardson of Camas Advice. They discuss the benefits of working with a team of professionals to manage company financials. Today's primary focus, saving money on taxes! Episode Highlights: Rick shares his background story and explains that the primary purpose of Camas Advice is to help save money on taxes. (3:49) Dallas shares that witnessing difficult financial situations when he was younger inspired him to help find ways to control and reduce debt and repurpose those dollars back into businesses. (6:45) Rick explains that they spend a lot of time getting to know their clients to help them be able to assess their goals and objectives. (10:37) Dallas shares how he looks for clients and the things he considers when prospecting for them. (15:51) Rick talks about how they work in collaboration with CPA’s and attorneys to come up with the best plan for the client. (21:39) Dallas recalls one of the best success stories that he has had with a client. (30:36) Rick shares their company's process, which starts with fact-finding and initial phone calls. (37:08) Rick explains that the biggest savings is peace of mind and being able to sleep at night knowing that your family and business is protect. (41:12) Rick talks about the economy and insists that people should start planning ahead. (47:58) Key Quotes: "I've been at this thing for well over 25 years, and I've said, do it in good economies, bad economies, taxes going up, taxes going down. You just need to get started. If you really don't even know what you have, let's help you figure it out. " - Rick Bailey "The goal is keeping more of your money in your pocket and you spend it the way you want versus Uncle Sam spending it the way they are going to, because they aren't going to fix the pothole in front of your house, is what I always say." -Rick Bailey "The whole point, the whole style was, how do we control and reduce debt, keep the interest for ourselves as business owners, and reduce our taxes, so we can repurpose those dollars back in our business and insulate us from recessions, supply chain issues, employee issues." - Rick Bailey Resources Mentioned: Dallas Richardson LinkedIn Rick Bailey LinkedIn Camas Advice Cameron Pechia Thomas Comstock Valley Trucking Insurance