92 episodes

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

Anderson Business Advisors Podcast AndersonAdvisors.com

    • Investing
    • 4.9, 33 Ratings

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

    Tax Tuesdays with Toby Mathis 05-26-2020

    Tax Tuesdays with Toby Mathis 05-26-2020

    Is it time for a fun and educational drinking game? It depends. Do you need clarification on different options in the CARES Act? You’re not alone, so does the Internal Revenue Service (IRS) and U.S. Department of the Treasury. Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.
    Highlights/Topics: 
    How do I go about researching business tax strategies? Where can I find a list of strategies? Get a free copy of Toby Mathis’s book, Tax-Wise Business Ownership 
    With COVID-19, will the IRS grant forgiveness with arrears on payroll taxes? No
    Can I take the 10K advance from the Economic Injury Disaster Loan (EIDL), deny the loan, and roll it into the CARES Paycheck Protection Program (PPP)? An up to $10,000 advance is a grant that doesn’t need to be paid back and isn’t rolled into PPP
    As a flipper in VA, is it worth incorporating to avoid dealer status and is avoiding such actually possible? Yes, if you have the intent to rehab and sell a property, not rent/invest
    What are the basic benefits of the S-Corp? Limited liability, income not subject to self-employment income, and accountable plan 
    If I haven’t yet filed a tax return for my corporation, can I still qualify for EIDL or PPP, as the sole owner/operator? Yes, you’ll qualify for EIDL, if in business on Feb. 15  
     
    For all questions/answers discussed, sign up to be a Platinum member to view the replay!
     
    Go to iTunes to leave a review of the Tax Tuesday podcast. 
     
    Resources:
     
    Tax-Wise Business Ownership by Toby Mathis (Promo Code for free copy/shipping: TUESDAY) 
    Infinity Investing Workshop 
    1 Veteran Foundation
    CARES Act
    Internal Revenue Service (IRS)
    U.S. Department of the Treasury
    Paycheck Protection Program (PPP)
    Economic Injury Disaster Loan (EIDL)
    Real Estate Professional Requirements
    501(c)(3)
    Individual Retirement Arrangements (IRAs) 
    Traditional and Roth IRAs
    Cost Segregation
    Depreciation Recapture
    Bonus Depreciation
    Section 179
    CoreVest Finance
    Equifax
    Dun and Bradstreet
    TransUnion
    Coronavirus Tax Relief
    Families First Coronavirus Response Act 
    Tax Code 7702
    1031 Exchange
    Self-Employment Tax
    Schedule E
    26 U.S. Code 1231
    Wills and Trusts
    Tax Cuts and Jobs Act (TCJA)
    Unrelated Business Income Tax (UBIT) 
    Unrelated Business Taxable Income (UBTI)
    Franchise Tax Board
    Capital Gains Exclusion/Section 121
    Form 1023 Application
    Form 1099-R
    Trader Tax Status
    457b
    403b
    Toby Mathis
    Anderson Advisors
    Anderson Advisors Events
    Events@andersonadvisors.com
    Anderson Advisors Tax and Asset Protection Event
    Tax-Wise Workshop
    Anderson Advisors on YouTube
    Anderson Advisors on Facebook
    Anderson Advisors Podcast
     
     

    • 1 hr 32 min
    An In-Depth Look with PEOs

    An In-Depth Look with PEOs

    Remember when you used to thumb through actual yellow and white pages of a phonebook to find people and services? In this episode, Toby Mathis of Anderson Advisors talks to Fred Lovingier, District Manager for Insperity, a professional employer organization (PEO). Fred has more than 15 years of management, marketing, and sales experience. 
    Highlights/Topics: 
    What is a PEO? Outsourcing firm that provides services to small- and medium-sized businesses
    Why work with Insperity? Buying power and outsourcing 
    What are the two main reasons why you should consider a PEO? Stabilize high volatility in healthcare costs and employee liability
    What are business owners’ top concerns? Don’t want to deal with other people
    Does Insperity offer employees access to a group health plan at the same price as other big companies? Yes, just like Walmart, Coca-Cola, and UnitedHealthcare
    What about workers’ comp benefits? Workers’ comp is based on a safety rating or mod number addressed as so much per hundred of payroll
    What’s Insperity’s rule of thumb? Vetted company that becomes a client, automatically reduces its current workers’ comp 10%; dangerous fields costs more money
    Whenever a PEO charges or consumes savings, what happens? Buying power is used to create offsets that help make the cost of doing business tolerable
    What if business owners carry health insurance? Most business people know that they’ll get a new rate, typically higher, every year
    What’s typical misconceptions about who’s liable? It's almost impossible to get a group plan these days; but you can go in combination with a group
    Can people be fired or released? Yes, but they may maintain direction and control of their company and receive onboarding/offboarding assistance
    What's the magic number or sweet spot for a PEO? Groups between five and 5,000
    How much does it cost? Typically, it’s less than the cost of hiring somebody, but the quality is significantly higher
    What is Insperity’s vision and mission? Give people the support and tools they need to grow and help businesses succeed for communities to prosper
    How long do Insperity’s clients stay? On average, clients stay 6.8 years, which represents an 80–85% renewal rate each year
    Resources
    Fred Lovingier on LinkedIn
    Insperity
    Fred Simonds's Website
    Fred Simonds’s Office: 10845 Griffith Peak Dr., Suite 500, Las Vegas, NV 89135
    Fred Simonds’s Phone: 702-470-1948
    Fred Simonds’s Mobile Phone: 702-203-0063
    Fred Simonds’s Fax: 866-422-1927
    Yellow Pages
    Family and Medical Leave Act (FMLA)
    UnitedHealthcare 
    Workers’ Comp
    COBRA Management
    National Association of PEOs
    Toby Mathis
    Anderson Advisors
    Anderson Advisors Tax and Asset Protection Event
    Anderson Advisors on YouTube

    • 22 min
    Secrets Of Profiting With Mobile Homes

    Secrets Of Profiting With Mobile Homes

    There are different ways to invest in real estate. Have you tried them all? If not, consider mobile/manufactured homes. Today, Clint Coons of Anderson Business Advisors talks to Glenn Stromberg of Stromberg Investment Group. Glenn describes the profit potential in alternative types of real estate investments. He began his real estate career in 1982 and has 37 years of experience in the mobile home industry. Glenn is giving our listeners 50% off his online course to learn how to invest in mobile/manufactured homes: Mobile Homes Investment Education (Coupon Code: Anderson).
    Highlights/Topics: 
    What is Glenn’s take on investing in real estate, specifically single-family homes? Buy manufactured homes and follow the same strategy.
    What are mobile and manufactured homes? Real estate, not trailers. Homes go on concrete runners and tied into concrete. Many are wood-frame or vinyl construction. Siding and skirting options vary. 
    Do mobile/manufactured homes qualify for financing? Yes, the same FHA financing as a single-family house is possible.
    Are construction standards associated with mobile/manufactured homes? Homes built since 1990 meet construction standards. 
    What do most people not understand about mobile/manufactured homes?  Homes that meet construction standards are built just as strong or better than other homes.
    Why are these homes cash cows and gold mines? They're built in a factory, they come out at a better price, and they cost less. 
    What do these homes offer investors and tenants? They get more square footage for the dollar, whether they buy or lease them. 
    Are these homes listed on MLS, as manufactured and/or mobile homes? Yes. 
    Is there much competition from companies considering manufacturing/mobile homes? No, they skip that designation because they view it as inferior.
    Do mobile/manufactured homes depreciate? A personal property mobile home will depreciate. When on land, it goes up/down with single-family house business. 
    When you remodel a manufactured home, is there anything you have to know? It's much easier because permits don’t need to be pulled, and the process is completed sooner. 
    How much do mobile/manufactured vs. traditional homes cost? $80,000-$90,000 vs. $250,000-$275,000.
    Are there zoning requirements for mobile/manufactured homes? Depends on location, city, county, and state.
    Resources
    Mobile Homes Investment Education (50% off coupon code is: Anderson)
    Stromberg Investment Group
    Clayton Homes
    Federal Housing Administration (FHA)
    MLS
    Think Realty
    Ben Carson
    Fannie Mae
    Freddie Mac
    Clint Coons
    Anderson Advisors
    Anderson Advisors Tax and Asset Protection Event
    Anderson Advisors on YouTube

    • 27 min
    Investment Securities & PPM

    Investment Securities & PPM

    Signs are pointing to big opportunities, so position yourself to take action when investing in real estate. However, avoid mistakes that put you in the ‘big house’ wearing an orange jumpsuit. For example, do you know how to put together an operating agreement to buy an apartment complex? Today, Clint Coons of Anderson Business Advisors talks to Dugan Kelley, a securities attorney and co-founder of Kelley Clarke, PC. As chairman of the firm’s securities and real estate practice group, Dugan assists clients in all phases of multifamily, commercial, and residential acquisitions and sales. Also, Dugan serves as a mediator for other attorneys or settlement counsel for complex litigation matters that require unique solutions. 
    Highlights/Topics: 
    Should you partner with friends/family on real estate investments? Manage expectations. Anytime you take money from someone, they expect a return on that investment. 
    What’s the difference between raising capital as a security versus a capital contribution? There’s no friends or family exemption to securities. Contributing equal shares is a joint venture and involves an active role in buying/managing the entity/asset.
    What are the penalties for legal mistakes? Avoid being cheap by taking short-cuts on the legal side. There’s potential for severe/massive fines, penalties, and criminal charges.
    What is the purpose of a Private Placement Memorandum? Protect yourself as a sponsor or syndicator and your investors by identifying potential real estate risks.
    When and who should create a Letter of Intent (LOI)? After a property is under contract and through your entity, not your individual name.
    When should new operators/investors call a securities attorney? After conducting due diligence to determine the possibility to raise capital on property. 
    What information needs to be provided to the securities attorney to set up a syndication or transfer entity to start raising capital? LOI and Private Placement Memorandum.
    Is public registration necessary for private placement offerings? Two exemptions: 506b (pre-existing, substantive relationships) or 506c (restricted to accredited investors).  
    Should an individual manager create a separate entity to be responsible for the debts and obligations of the syndicated entity? Anybody can be sued for anything. Securities is not something that you want to mess with—cover your assets.
    How to vet deals and investors by identifying red flags? Know what you are buying, your rights and obligations, and who gets paid what and when. 
    Resources
    Dugan Kelley's Email
    Kelley Clarke, PLLC: Legal Services
    Purpose, Passion & Profit
    Treasured Vessels Foundation
    U.S. Securities and Exchange Commission (SEC)
    Rule 506 of Regulation D
    506(b)
    506(c)
    Grant Cardone
    LegalZoom
    Freddie Mac
    Fannie Mae
    HUD
    Clint Coons
    Anderson Advisors
    Anderson Advisors Tax and Asset Protection Event
    Anderson Advisors on YouTube

    • 44 min
    Tax Tuesdays with Toby Mathis 05-12-2020

    Tax Tuesdays with Toby Mathis 05-12-2020

    Do you loathe the Internal Revenue Service (IRS) and Small Business Administration (SBA)? Why? Lately, both are doing everything possible to undo what Congress is doing to provide financial assistance and relief related to the coronavirus pandemic (COVID-19). Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions and clarify information about the CARES Act. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.
    Highlights/Topics: 
    Updates on Tax Impact of CARES Act:Paycheck Protection Program (PPP) 
    Economic Injury Disaster Loan (EIDL)
    Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act
    My wife is 60. In 2019, she had $13,200 of Social Security income and $0 in income earned from work. Can she contribute to her health savings account (HSA) for 2019? High-deductible health plan is required to make contributions to HSA
    What’s the best way to set up a real estate LLC, if you’re an investor that does both buy and hold, and fix and flips? Split them; put buy and holds into LLC or partnership, and fix and flips into S- or C-Corp
    If I pull equity from a house, does the money need to go back into the house or can I use it on another property or for other things? You can use it for whatever you want, but deduct interest on Schedule A
    Can we write off donations to our nonprofit, even though we still haven’t been approved for 501(c)(3) status? Yes, you have 27 months from the application date to get approval 
    Is it too late to apply for a PPP loan for a contract worker? No, but apply ASAP
    Will there be a penalty (forgiveness/tax) for paying an employee more than the average 2019 salary calculated (PPP) because of overtime or pension plan payments? There’s no penalty to help with forgiveness amount, but can’t pre-pay anything  
    For all questions/answers discussed, sign up to be a Platinum member to view the replay!
    Go to iTunes to leave a review of the Tax Tuesday podcast. 
    Resources:
    Infinity Investing Workshop 
    CARES Act
    HEROES Act
    SECURE Act
    Small Business Administration (SBA)
    Internal Revenue Service (IRS)
    U.S. Government Accountability Office (U.S. GAO)
    Paycheck Protection Program (PPP)
    Economic Injury Disaster Loan (EIDL)
    Coronavirus Tax Relief
    Individual Retirement Arrangements (IRAs) 
    Traditional and Roth IRAs
    IRS Payment Tool
    Tax Cuts and Jobs Act (TCJA)
    Self-Employment Tax
    Unemployment Insurance
    Non-Filers: Enter Payment Info Here
    Real Estate Professional Requirements
    501(c)(3)
    Schedule A
    Schedule E
    457b
    403b
    Employer Identification Number (EIN)
    Schedule K-1/Form 1065
    Wills and Trusts
    1031 Exchange
    Cost Segregation
    Section 1031
    Section 1245
    1244 Stock
    Capital Gains Exclusion/Section 121
    Form 1099
    Form 1099-H
    Depreciation Recapture
    Bonus Depreciation
    Franchise Tax Board
    25 CFR 162.2
    Lady Bird Deeds
    Toby Mathis
    Anderson Advisors
    Anderson Advisors Events
    Events@anderssonadvisors.com
    Anderson Advisors Tax and Asset Protection Event
    Tax-Wise Workshop
    Anderson Advisors on YouTube
    Anderson Advisors on Facebook
    Anderson Advisors Podcast

    • 1 hr 46 min
    Taking your Real Estate Business to the Next Level

    Taking your Real Estate Business to the Next Level

    Are you taking time to retool and rethink everything you’re doing in real estate investing? Don’t pass up opportunities. Today, Clint Coons of Anderson Business Advisors talks to Adam Adams from BlueSpruce Holdings. Adam took the plunge into part-time real estate investing, but it quickly became his full-time passion. He has educated and inspired thousands of investors and influencers to build and take their businesses to the next level.
    Highlights/Topics: 
    How did Adam get started in real estate? Christmas present that led to paying property taxes as a child, although he didn’t do anything wrong; eventually, sold it for profit
    What is BlueSpruce Holdings? Finds and manages apartment communities to allow passive investors diversification, cash flow, tax benefits, and freedom of time
    What is Adam’s primary role in the company? Attract capital, so far successfully raising millions of dollars from private investors and continuing to grow his company’s brand
    What leads to bigger and better deals? Whether people know, like, and trust you
    Why are we here? Why are we different? Because...don’t fake it till you make it
    What are the main components to success? Social media, live events, and meetup/mastermind groups
    Why do people keep coming back? Even if weekly topic isn’t perfect fit, they make sure that they're there because they can start doing business with other serious people 
    Why does marketing matter when launching a podcast?  Episodes: Make sure to have more than one episode ready and post consistently
    Ratings and Reviews: Ask for ratings and reviews to gain traction and get noticed
    Avatar: Attract, understand, and think like your perfect client/target avatar
    What podcast services does Adam offer? Create, manage, edit, and promote for a fee
    What is Adam’s complete money back guarantee? By charging a set amount and understanding the algorithm, he can easily get a top 1% podcast
    Resources
    BlueSpruce Group
    BlueSpruce Holdings
    Creative Real Estate Podcast
    Adam Adams Real Estate Meetup
    Best Ever Conference
    Joe Fairless
    Rich Dad Poor Dad
    Russell Brunson
    Steven Pesavento's Investor Mindset Podcast 
    BiggerPockets
    Clint Coons
    Anderson Advisors
    Anderson Advisors Tax and Asset Protection Event
    Anderson Advisors on YouTube

    • 43 min

Customer Reviews

4.9 out of 5
33 Ratings

33 Ratings

Amkrad1 ,

SUPER.HIGH.YIELD

Phenomenal podcast ! Chock full of incredible tax
Knowledge nuggets for all.
From the seasoned investors to newbies.... if you pay tax (and with good planning hopefully it’s minimized) then this show is for YOU.

Clint, Toby and Jeff have hit a true home run with this show. Tax Tuesday’s w/ the focus on answering listeners’ questions gives great breadth and depth of tools to learn about tax optimation... the other podcasts have fantastic interviews on variety of subjects.

All of the hosts are super approachable and make the subject of Taxes.... dare I say....FUN?!!

Keep up the amazing work all of you.
# gratitude

howard n olivia ,

Invaluable information: FOR FREE!

Toby and jeff make taxes surprisingly fun and interesting! All of this information is extremely helpful, comprehensive and free!
Keep up the great work!

DbagLV ,

Knowledgeable and helpful

Toby and Jeff take complicated tax situations and make it relevant to how I can implement these strategies in my business.

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