Unmasking the Secrets: Is Your CPA Costing You $30,000 in Unnecessary Taxes?

Is your Certified Public Accountant (CPA) secretly costing you $30,000 or more every year? Many entrepreneurs are oblivious to the fact that their accountant might be more defensive than offensive, which could be draining their profits. In a revealing episode of the Amazing Marketing Show, CPA Nick Foster, founder of Foster Financial, unveils five key signs that your CPA might be failing you. Equally important, he shares strategies on how to amend the situation and sustain more cash in your pocket. Firstly, Nick Foster explains why individuals with six-figure income often end up paying the wrong kind of tax, and how you can steer clear of it. Secondly, he introduces the S-Corp advantage that saves thousands in self-employment taxes. He also differentiates between filing and strategic tax planning, asserting that understanding this distinction could translate into $40,000 in savings. The episode also covers smart Q4 moves involving 401(k), SEP IRA, HSA, and bonus depreciation strategies. Lastly, Foster advises on when it's time to upgrade from a CPA to a fractional CFO to scale your business with confidence. Taxes form one of the largest expenses in business. Leaving them to chance could be a costly mistake. This episode promises to potentially save you five figures or more in 2025. If you're looking to build a 6-figure brand that dominates your niche, this episode is a must-watch. To work with Nick Foster, visit https://fosterfinancialcpa.com.