Tax Reduction Strategies with Craig Cody

Craig Cody is a Certified Tax Coach, Certified Public Accountant, Business Owner and Former New York City Police Officer with 17 years experience on the Force. In addition to being a Certified Public Accountant for the past 15 years, he is also a Certified Tax Coach. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best seller book, Secrets of a Tax-Free Life.

In this episode we discuss:

  • The importance of dentists for dentists and how having a tax plan leads to financial success
  • The role and benefits of hiring a tax coach
  • What is proactive tax planning and how it minimize your taxes
  • The biggest mistake small business owners making regarding taxes
  • How dentists can use their CPA to their advantage
  • How often business owners should communicate with his/ her CPA and why effective communication is so important
  • Tips or smart decisions dentists can make when it comes to tax write-offs as it relates to giving bonuses or buying expensive equipment
  • The rules around planning a trip to a dental meeting and what part of the trip can be deductible
  • The rules around hiring your children, and how hiring your children can reduce your taxable income

Links in This Episode:

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