Power Talk Friday: Profit Planning and Tax Planning Tips for 6 and 7 Figure Firms

Episode 501 of A Well-Designed Business®
501: Power Talk Friday: Profit Planning and Tax Planning Tips for 6 and 7 Figure Firms

Welcome to Power Talk Friday! Today, we have one of our early guests back on the show. Diane Gardener, known as The Tax Coach (Episode #54) is back with us to talk about the specific niche of seven-figure interior design firms. Although LuAnn has done a lot of shows about getting a design business off the ground, she realized that she’s done way fewer shows about what to do when you are in the seven-figure bracket. And there are very specific challenges that come with this area. When moving into the seven-figure bracket, business owners frequently experience higher expenses, cash flow problems, and higher taxes. So be sure to listen in today even if you’re still a #babydesigner because LuAnn fully intends for you to become a seven-figure interior designer someday.

Diane Gardner is a Certified Tax Coach, a Quilly award recipient, and a best-selling author whose expert planning approach has saved her clients over three-million dollars in taxes. Her expertise lies in the area of tax planning. And her goal is to make sure that successful entrepreneurs across the United States are paying the least amount of income tax that they can legally pay. She aims to save taxes, one business at a time, through the use of pro-active tax planning. Diane has been featured on popular podcasts such as CEO Warrior, For the Love of Money, Listen Money Matters, Investing in The U.S, Cashflow Ninja, SharkPrenuer, Wealth Formula and Profit Boss. Tune in today, to learn about what you need in your seven-figure business to mitigate risk, increase your profits, and legally decrease your taxes.

Show Highlights:

  • Diane is a certified Profit First coach.
  • Planning ahead to pay less tax when moving into the seven-figure tax bracket.
  • Increased income often means increased expenses.
  • Becoming an active partner with your CPA or Business Coach.
  • The tax planning strategies that seven-figure businesses need to implement to keep more money
  • A great way to incentivize your people and lessen your tax load.
  • It takes a different set of skills to run a bigger business.
  • How to increase your cash flow to leverage growth from multi-six-figures to seven-figures.
  • Diane explains how a tax coach can be your ultimate advocate and partner in growth.
  • Doing an entity analysis for your business.
  • An amazing strategy for saving money by investing in your own insurance company.

Other guests mentioned in this show:

Michele Williams #180, #395 

Peter Lang # 349, #464 

Diane Gardner was on the show before in episode #54

Links:

Diane’s website: Tax Coach 4 You

Diane’s offer: Planning guide for the new tax law vs old tax law.

Diane’s Facebook handles:       @taxcoach4you @AdeptBusinessServices  

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