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Journey To Launch

203- Tax Free Living: Tax Tips for Entrepreneurs, Side Hustlers, and W2 Employees with Carter Cofield

Journey To Launch

Jamila Souffrant

Business, Investing

4.9 • 1.7K Ratings

🗓️ 3 March 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you leaving a generous tip to the IRS every time you pay your taxes? Carter Cofield, this week's podcast guest, is sharing tips on how to save yourself and your business money during tax season. 

Carter is a CPA, a Certified Public Accountant, and he genuinely enjoys talking about taxes. His goal is to educate people on how to make their taxes work for them. This episode is for you whether you are an entrepreneur, side hustler, or W2 employee. 

Tune in to hear how you can potentially save money this tax paying season. Plus, Carter even shares with us where he is on his own journey to financial freedom. 

In this episode you'll learn:

  • How you can make your taxes work for you 
  • What is a tax write off + what's included in it
  • What is the golden formula
  • Tax paying season vs. tax planning season
  • What to look for when hiring a good CPA
  • How to account for taxes as an active trader
  • Pre tax vs. post tax investing and much more...

Other related blog posts/links mentioned in this episode:

Connect with Carter:

Connect with me:

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the Journey to Launch Podcast, Tax Free Living,

0:04.8

Tax Tips for Entrepreneurs, Side Hustlers, and W2 Employees with Carter Kofield.

0:10.5

Team Minus 10 seconds.

0:13.0

Welcome to the Journey to Launch Podcast, with your host, Jamila Sufront,

0:17.5

as a money expert who rocks her top.

0:20.0

She helps brave juniors like you, get out of debt, save, invest, and build real well.

0:27.0

Join her on the Journey to Launch to Financial Freedom in 5-on-4-3-2-1.

0:37.0

Hey, hey, hey, juniors. Welcome to the Journey to Launch Podcast.

0:41.0

I'm excited for this conversation and I'm about to share with you.

0:45.0

I always typically do a tax episode around this time of year.

0:50.0

Now is when taxes are coming due. You may be filing things now, preparing to file taxes.

0:56.0

And so I thought, what better way to help guide us, to help us all figure out how we can better work within the system,

1:05.0

the American system for my American listeners, in learning how to be efficient with our taxes.

1:11.0

So I invited Carter Kofield, who was a CPA, a certified public accountant, dedicated to helping entrepreneurs

1:17.0

save money on taxes to the podcast in the rocket chair, to help us learn.

1:22.0

Now, he has a course. It's called Tax Free Living. I became an affiliate. I checked out the course.

1:27.0

And I actually really learned a lot going through his course. So you'll hear him talk a little bit about it.

1:31.0

But if you want to check it out, you can go to journeytolaunch.com slash Tax Free Living.

1:36.0

And you know, within the conversation, right, like when we first kind of connected before the interview,

1:41.0

and I saw a tax free living, I'm like, yes, I want to share this with my audience.

1:45.0

We all need to be more efficient. This is what the rich people do.

1:48.0

They either pay very little on taxes or no taxes at all.

...

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