Vast Voice: Telling Business Secrets to Entrepreneurs‪!‬ R. Kenner French and VastSolutionsGroup.com

AI is changing everything and it's essential for businesses to implement AI to stay competitive. Vast Solutions Group specializes in helping businesses implement AI.



They offer tools and services to automate processes, onboard clients, and provide value to customers. AI can automate social media, automate client onboarding, and provide automated responses to customer inquiries.



It's important for businesses to stay ahead of the curve and leverage AI to improve efficiency and growth.

Entrepreneurs often miss deductions which means they are leaving money on the table. What is the number one missed deduction? Hmm, read on…

One of the most commonly missed deductions for entrepreneurs is the home office deduction. This deduction allows business owners who work from home to claim a portion of their home expenses, such as mortgage interest, property taxes, and utilities, as business expenses.

To claim the home office deduction, business owners must use a dedicated space in their home exclusively for business purposes. This space must be used regularly and exclusively for business, and cannot be used for any personal purposes.

In order to claim the home office deduction, business owners must also keep detailed records of their home office expenses, including receipts, invoices, and other documentation. They must also calculate the percentage of their home that is used for business purposes, and only claim a deduction for that percentage of their home expenses.

Overall, the home office deduction can be a significant tax savings for entrepreneurs who work from home, but it is commonly missed due to the requirements and limitations of the deduction. It’s important for business owners to familiarize themselves with the rules and requirements for claiming this deduction, in order to maximize their tax savings.

R. Kenner French, is a small business contributor at Forbes.com, author of three books, an executive at both VastSolutionsGroup.com and VastHoldingsGroup.com, a keynote speaker, and a Dave Matthews Band fan!

Kenner and Lily introduce themselves as co-hosts of the podcast 'The Vast Voice: Telling Business Secrets to Entrepreneurs.' They discuss the benefits of podcasting for entrepreneurs and the importance of choosing a co-host who can connect with the audience. They also talk about the logistics of podcasting, including the technology and platforms they use. Kenner shares his experience of how podcasting has helped strengthen relationships with clients and increase brand visibility. They encourage entrepreneurs to start their own podcasts and embrace the vulnerability and excitement that comes with it.

This conversation is an introduction to captive insurance, a strategy that can help business owners lower their tax liability and mitigate risk. R. Kenner French, explains that a captive insurance company is a privately owned property and casualty insurance company that allows business owners to customize their own coverage. By setting up a captive, business owners can write a check to their own insurance company, lower their tax liability, and keep the assets within their control. The conversation also covers the benefits of captive insurance, such as risk reduction, wealth accumulation, and asset protection. The speaker emphasizes the importance of compliance with regulations and the need for a feasibility study before setting up a captive.

You may choose any recordkeeping system suited to your business that clearly shows your income and expenses but, yes, YOU NEED TO KEEP RECORDS, per the IRS. The business you are in affects the type of records you need to keep for federal tax purposes. Your recordkeeping system should include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers). Your books must show your gross income, as well as your deductions and credits. For most small businesses, the business checking account is the main source for entries in the business books.

In this episode of the Vast Voice, we sit down with Matthew Coates, an industry leader, to explore three key areas for thriving in today's world. We delve into the rise of Artificial Intelligence (AI) and its impact on the field of architecture, design and investing. Matthew offers insights on how architects and real estate investors can leverage this technology to enhance their work.

Next, he unpacks the secrets to success for aspiring and established architects alike. From navigating the industry to honing your skills, Matthew provides valuable advice for achieving your architectural goals.

Finally, the conversation shifts to the ever-evolving creative landscape. Matthew equips listeners with strategies to spark innovation and stay ahead of the curve in today's competitive marketplace.

Whether you're an architect, a design enthusiast, or simply someone who enjoys thought-provoking discussions, this episode is packed with valuable takeaways. Tune in!