Daniel HonanFounder, Profitable Painter CPA PLLC · I help painting contractors increase profits & cash flow while reducing taxes♦ Bookkeeping ♦ Tax

Painting Biz Owners: Exercise your level of control to know how much taxes you’ll have to pay.

Name: Painting Biz Owners: Exercise your level of control to know how much taxes you’ll have to pay.
Uploaded: 2024-04-09T13:45:01+00:00
Duration: 34 s
Channel: Daniel Honan
Description: A CPA shortage leaves accountants buried in compliance work instead of tax planning. The real value is advisory services that let painting business…

9 Apr 2024 · 1 min

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A CPA shortage leaves accountants buried in compliance work instead of tax planning. The real value is advisory services that let painting business owners control how much they'll owe.

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Every tax professional has to be concerned about compliance, but we also want to be concerned about advising and planning. It's like two sides of the same coin, but so many of us just kind of look at the one side. Unfortunately, there's a real shortage of CPAs and tax professionals right now. And so a lot of accountants are just overwhelmed with the compliance side. They don't offer those advisory services, that tax planning that you're talking about. That's kind of where the magic happens, right? That's where we get to exercise that level of control over what we pay.