The Top 10 Types of Nonprofits You Can Set Up
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
6d ago
Today Toby Mathis, Esq. speaks with Karim Hanafy, Esq., Anderson’s non-profit expert, about the top ten types of non-profits you can form to access tax benefits for your charitable activities. These range from familiar causes like humanitarian aid (both domestic and international) to education (including scholarships) and even combating social issues through activities and therapy animals. Research, veteran/elderly assistance, and various housing needs rank high, as well as animal welfare, environmental causes, and empowering communities. Finally, the importance of supporting other nonprofi ..read more
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How To Write Off Travel Expenses
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
1w ago
Welcome to the Anderson Business Advisors podcast. Today, experts Toby Mathis, Esq., and Eliot Thomas, Esq., explain tax strategies for common questions concerning how to write off business travel that includes personal days (hint: business days have to be more than 50% of your trip), how and when you can qualify as a real estate professional, investing in real estate from your investment accounts, and some of the helpful tax benefits of creating and using a Health Savings Account. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: “Can I deduct travel expenses to r ..read more
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How to Form a Nevada Asset Protection Trust
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
1w ago
In this episode, Toby Mathis, Esq. chats with fellow attorney John Anderson, Esq. of Anderson Business Advisors about the pros and cons of establishing trusts in Nevada. The discussion digs into Nevada trusts’ specific functions and benefits, including the “seasoning period” and the role of trustees. Toby and John explore how a third-party trustee can offer protection, methods for withdrawing funds, and the power of appointment in Nevada trusts. Additionally, they touch upon safeguarding your home with a trust, using a trust for essential expenses, and the potential risks of insolvency and ..read more
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How To Wholesale Real Estate (Best Structure & Asset Protection!)
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Clint Coons
2w ago
Clint Coons, Esq. and Greg Helbeck from Velocity Home Buyers tear down the facade that wholesaling is a no-risk investment, exposing the legal snares and fiscal sinkholes that might just catch you off-guard. Hear about Greg’s near-miss disaster when a contracted property burned to the ground, a story that underscores the need for bulletproof business strategies to safeguard your ventures against the unpredictable foibles of real estate. Lastly, we traverse the digital landscape of virtual real estate, covering the essentials for managing sales and renovations without once stepping foot on t ..read more
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Investing In CASHFLOWING RENTALS (How To Get Started)
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Clint Coons
3w ago
Clint Coons, Esq. speaks with Kenji and Letizia Alto, who are both MDs and founders of Semi-Retired MD. They share their journey from being high-income physicians to achieving financial freedom through real estate investing. The episode delves into the mindset shifts required to excel in the property market, overcoming common obstacles, and utilizing strategic tax benefits. The couple also introduces their new fable-like book, contrasting the financial paths of two couples. You’ll hear about building a strong investment team, identifying hidden equity, and leveraging techniques like cash-ou ..read more
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How To Report Income From A Short-Term Rental Property
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
3w ago
Today, experts Toby Mathis, Esq., and Elliot Thomas, Esq., explain valuable tax strategies for real estate investors, traders, and various income earners. You’ll hear about the optimal tax classifications for short-term rentals, using retirement funds for real estate investment, and the transition from W-2 to 1099 income for tax benefits. Additionally, Eliot and Toby discuss maximizing deductions through trading partnerships, the benefits of Health Savings Accounts, vehicle write-offs, and home office deductions. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is ..read more
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Profit First and Beyond: Mike Michalowicz Unveils ‘All In’ Strategies and Success Stories
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
1M ago
Have you ever wondered how flipping the script on profit can revolutionize your business? Mike Michalowicz joins Toby Mathis, Esq., to dissect his innovative ‘Profit First’ formula, a game-changer for entrepreneurs swimming against the tide of traditional financial management. Mike, the sage behind several seminal business books, engages in a no-holds-barred discussion about the essentials of a prospering business—prioritizing profit, pinpointing pressing needs, and strategies for organic growth. You’ll also hear the details of Toby’s own multi-million-dollar tumble and the invaluable lesso ..read more
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Are Gifts To Clients And Employees Tax Deductible?
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
1M ago
This episode of Tax Tuesday with Toby and Eliot is brimming with strategies to supercharge your financial savvy. From unlocking the mysteries of deductions and depreciation to turning real estate activities into a tax-saving powerhouse, we dissect the fine print of the tax code and transform it into actionable advice. The episode covers various topics including handling missed 1099 deadlines, gifting to clients and its tax implications, maximizing deductions, the benefits of cost segregation studies, combining short and long-term rentals for tax advantages, and the intricacies of aircraft de ..read more
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How Do Offshore Corporations and Trusts Work in the US
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
2M ago
Join Toby Mathis, Esq., as he speaks with international tax expert Jimmy Sexton, LLM., the Founder & CEO of Esquire Group, about unraveling the enigma of offshore banking and its impact on US taxpayers. Despite popular belief, Jimmy reveals that the era of offshore banking providing substantial tax benefits is over, with the true perks lying elsewhere such as asset protection and market access. We navigate through the murky waters of tax evasion myths and scrutinize how various income structures, including disregarded and taxable entities, bear on one’s tax obligations. Moreover, Jimmy ..read more
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When Are Crypto Earnings Taxed?
Podcast | Anderson Advisors | Asset Protection & Tax Advisors
by Toby Mathis
2M ago
Ever wonder how cryptocurrencies and real estate investments play together in the sandbox of taxation? Or how to pay your family members through your business in a way that could benefit everyone’s wallet? We’ve got answers to these questions and more. Welcome to another episode of Tax Tuesday, where tax experts Toby Mathis, Esq., and returning guest Jeff Webb, CPA, and CFO of Anderson Business Advisors share their expert advice. This episode delves into the nuances of crypto transactions and the impact on your tax bill, along with a deep dive into payroll complexities that could save you a ..read more
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