Real Talk on Social Media Tax Advice

Today's episode is a replay of my episode on The Money Bare Podcast. Below is the episode recap from Chloe.

We've all seen it-- tax advice on Instagram telling folks they can write off their dog as office security, or folks telling people to buy a g-wagon to write it off... but how does that stuff hold up with the IRS??? And what tax-saving tips should small business owners pay attention to? In this week's episode, Shannon Weinstein, CPA, breaks it down.

Shannon is a CPA and fractional CFO for growth-minded business owners. A teacher at heart, her real-life relatable examples simplify the financial side of the business so you can stop stressing and start scaling. She hosts the IRS's least favorite podcast, Keep What You Earn, which consistently ranks in the top 200 in Entrepreneurship. She is a frequent speaker in business coaching communities and masterminds.

What you'll hear in this episode:

[0:12] Episode and guest introduction.

[1:22] Doing the CPA thing differently

[2:55] Buying stocks at 12 years old

[8:18] Shannon's father's vision for her

[12:43] Shannon's view on money growing up

[18:20] Ending up in Costa Rica

[27:10] Tax advice on Instagram

[33:32] The Augusta Rule

[51:00] Inheritance money

[52:30] Very first money memory

* Related episodes:

3 Steps to Hire Your Kids the RIGHT Way

Protecting Your Legacy Through Estate Planning with Clara Delgado Rossell

Understanding Criminal Tax Activity and The Repercussions with Robert Nordlander

Tactical Resources:

5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh

Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa

Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash

Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide

CFO Power Session: https://www.keepwhatyouearn.com/power-session-inquiry

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

Additional Resources:

Find everything you need at https://www.keepwhatyouearn.com

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Hire us: https://www.fitnancialsolutions.com/accounting

Find me on IG https://www.instagram.com/shannonkweinstein/

Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.