Profit Maximization & Tax Optimization: Essential Insights From A Financial Expert
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 23 April 2024
⏱️ 37 minutes
🧾️ Download transcript
Summary
As businesses emerge from tax season, many ask: How can I maximize profits and minimize taxes for next year? John Scott, an Anders CPAs + Advisors partner, sits down to enlighten us.
John has been working with Anders since 1992, leading the firm's legal industry efforts for the Virtual CFO team. He effectively uses key performance metrics to offer dedicated resources, financial insight, and critical thinking to help law firms address complex issues.
John is on a mission to help his clients understand what's going to happen based on current data. How does he achieve this? By accessing financial records and reconciling cash flows on a weekly basis…
In this episode, we cover:
- How to make data-driven decisions.
- How to stay in sync with your cash flow curve.
- Ways to determine your "working capital", and how to build cash reserves.
- Key factors that every business owner should know.
To learn more about John and his work with Anders CPAs + Advisors, click here now!
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Episode also available on Apple Podcasts: http://apple.co/30PvU9
Transcript
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| 0:00.0 | Forget frequently asked questions. |
| 0:02.2 | Common sense, common knowledge, or Google. |
| 0:04.8 | How about advice from a real genius? |
| 0:07.0 | 95% of people in any profession are good enough to be qualified and licensed. |
| 0:11.2 | 5% go above and beyond. They become very good at what they do. |
| 0:15.0 | But only 0.1% are real Jesus. |
| 0:18.2 | Richard Jacobs has made it his life's mission to find them for you. |
| 0:22.2 | He hunts down and interviews geniuses in every |
| 0:24.6 | field, sleep science, cancer, stem cells, ketogenic diets and more. Here come the geniuses. |
| 0:30.0 | This is the Finding Genius Podcast. |
| 0:33.0 | That is Richard Jacobs. |
| 0:35.0 | Hello, this is Richard Jacobs with the Finding Genius Podcast. |
| 0:41.0 | My guest today is John Scott. He's a partner at Anders, CPA's and Advisors. |
| 0:46.0 | We're going to talk about how to maximize our profits and minimize your taxes, which |
| 0:50.0 | anyone in business of any size has to deal with this all the time. |
| 0:54.0 | So welcome John thanks for coming. |
| 0:56.0 | Thank you Richard wonderful to be here. |
| 0:58.0 | Yeah well tell me a bit about what did your journey to become a CPA |
| 1:02.0 | look like? |
| 1:02.8 | You know, why do you do it? |
| 1:03.8 | Let's go into some background first. |
| 1:05.6 | Sure, I started at a large local firm, which is the firm that I'm still at Anders. |
... |
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