The WealthAbility Show with Tom Wheelwright, CPA

Discover how to take money out of your business, pay the least amount of taxes, and protect yourself from lawsuits.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast40 Learn more about your ad choices. Visit megaphone.fm/adchoices

Apple, Google & Amazon use the tax code to sharply reduce taxes. These same laws apply to anyone, you just need the education. In this episode, Tom explains how businesses of any size, and even employees, can reduce taxes like the big guys.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast37 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate can offer an investor five avenues to make money. Tom speaks with Keith Weinhold about maximizing the return on your real estate investmentsEPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast26Learn more about Keith Weinhold by visiting: https://www.getricheducation.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Successful tax planning doesn’t happen once a year. There are actions you can take every day to help reduce your taxes. In this episode, Tom offers strategies that can be used daily to plan, execute and reduce your taxes.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast25 Learn more about your ad choices. Visit megaphone.fm/adchoices

Hear the strategy anyone can use to begin successfully investing while paying less taxes. Ed McCaffery, a tax law professor at USC, joins Tom and together they discuss the strategy of “Buy, Borrow & Die.” Find out how you can apply this basic formula to build wealth and eliminate taxes.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast10Learn more about Ed McCaffery and The Peoples Tax Page by visiting http://peoplestaxpage.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

There are many paths to success. Determining the best path to match your skills requires education. Buck Joffrey joins Tom to discuss his journey to financial freedom and offers tips to anyone trying to determine their path.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast43 Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is the #1 cause of divorce, and a great source of anxiety for people of all ages. In this episode Tom explains how you can overcome the fear of money and take control of your life.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast3 Learn more about your ad choices. Visit megaphone.fm/adchoices

Mobile homes may have a stigma, but to savvy investors they offer attractive cash flow and tax benefits. Kevin Bupp joins Tom to discuss the benefits of mobile home investing.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast34Learn more about Kevin Bupp by visiting:https://sunrisecapitalinvestors.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The rich invest differently than the middle class and poor. In this episode, Tom speaks with Patrick Donohoe about advanced techniques of investing in life insurance that offer opportunities to expand wealth and reduce taxes.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast27 Learn more about Patrick Donohoe athttps://paradigmlife.net/about/patrick-donohoe/ Learn more about your ad choices. Visit megaphone.fm/adchoices

You don’t need to wait until you’re 65 to retire and live your dream life. In this episode Tom discusses the financial education he uses to help people achieve their financial dreams in as little as 7 years.  Find out if your plan for retirement is really what you want, and if it will allow you to live the life you want.Visit the wealth evaluator here: https://wealthability.com/wealth-evaluator/EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast6 Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax code offers new incentives. In this episode, Tom speaks with fellow Rich Dad Advisor Andy Tanner about how spending more time with his two boys is allowing him to pay less taxes.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast9Learn more about Andy Tanner and investing, visit: http://andytanner.com/  or follow him on Facebook https://www.facebook.com/andytannerrichdadadvisor/ Learn more about your ad choices. Visit megaphone.fm/adchoices

An increase in audits is coming. Tom explains how recent changes at the IRS are raising concerns in the middle of tax filing season. Discover what’s changed and the steps you can take today to protect yourself.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast48 Learn more about your ad choices. Visit megaphone.fm/adchoices

Business is a team sport. Like any successful team, players need to constantly be evaluated. In this episode, Tom discusses how to continually evaluate your tax professional so that he or she is matched to your growth.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast39 Learn more about your ad choices. Visit megaphone.fm/adchoices

Life insurance offers tax and investment benefits to all investors. Kim Butler joins Tom to discuss the different types of life insurance available and what opportunities each presents to investors.Learn more about Kim Butler by visiting www.partners4prosperity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax law offers opportunities to reduce taxes, but you must get educated. In this episode, Tom speaks with a real-estate investor who is currently implementing the new tax law and creating big tax savings.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast8For more about Brad Sumrok and multifamily investing visit: https://bradsumrok.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The interplay between income tax and estate planning offers an attractive financial opportunity. In this episode, Tom speaks with Andrew Howell about creating a better life for you today, and a better life for your family tomorrow.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast32 Contact special guest Andrew Howell by emailing Andrew here: teamandrew@yorkhowell.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Record keeping is the most important skill required to build wealth. In this episode Tom discusses how to keep records, and more importantly, how to use records to make good financial decisions.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast20 Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax law presents challenges and opportunities for you and your CPA. In this episode, Tom reveals how CPAs are adjusting to the new tax law, and how it can benefit you to meet with your CPA before you file your tax return. This is am important episode for anyone trying to navigate the new tax law in the U.S.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast24 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tax filings and payments have been extended due to the coronavirus crisis. Discover what this means for your business and investments, and what conversations you should have with your CPA.EPISODE BONUS: For the transcript, show notes and more visit:https://wealthability.com/podcast51 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom has prepared a special show for CPAs (that really applies to anyone who owns a business). Find out how to better serve your clients and grow your business. Tom shares hard-earned wisdom from over 35-years running his own firms, working for corporate firms & teaching at the university level. Tom also invites CPAs to join him at the WealthAbility™ training center for a free educational seminar.EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast5 Learn more about your ad choices. Visit megaphone.fm/adchoices