#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few People

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 2 October 2020

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Kelly Erb (@taxgirl) on the pod today. In today’s episode you’ll hear: Shaan introduces Kelly Erb and she gives her take on President Trump’s tax return (0:20), Shaan asks Kelly “what should business owners look at to minimize their own tax liability (10:30), Kelly gives some key tax points to focus on for business owners and how to think about expenses (16:05), Sam asks Kelly to explain QSBS for the listeners, Sam and Shaan riff on businesses that look big, but are actually operated by one or two people (32:30), Sam talks about what kind of guests he likes on the podcast (40:50), the guys talk about how involved a company should be in a political stand based on a letter from the Coinbase CEO (47:10). Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.

Transcript

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0:00.0	All right, let's take a second to talk about our sponsor today, HubSpot.
0:04.0	They have two new AI tools that are pretty cool I want to tell you about.
0:06.5	So the first one is Content Assistant.
0:09.1	So we know that Content's key for driving revenue because you write content, you get traffic,
0:14.7	the traffic turns into leads, the leads turn into revenue.
0:17.0	But not everybody's great at doing content.
0:19.3	And so the content assistant is basically an AI based tool that will help you come up
0:24.3	with blog post ideas or even draft the blog post or an outline for it.
0:28.9	And you can use it to write the copy that you need for your website, your landing page,
0:31.9	your prospecting emails, whatever you need to write content, this can do it for you.
0:35.6	It's built on top of OpenAI's GPT model.
0:38.5	And the differentiator is that it's an all-in-one AI power tool that's designed to help you
0:42.3	get more done, save your time, and help you grow your business faster.
0:45.9	So that's the first one.
0:46.9	The second one is ChatSpot.
0:48.4	So ChatSpot, think of that like a Chatbot that you can talk to, just ask your questions,
0:52.8	like, hey, what's our web traffic or revenue?
0:54.7	Or, hey, is there anybody in our CRM that fits this criteria?
0:57.8	It'll just pull it up.
0:59.2	Or you can ask it to do things like, hey, draft a email follow up to this prospect.
1:03.8	So ChatSpot has got your back.
1:05.2	Think of it like an intelligent assistant.
	...

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