Build Your Wealth Muscle Patrick Darby
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- Business
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Growing sales & revenue for Online Health & Fitness Coaches can be a challenge...but converting that business success into wealth can be even harder. This podcast breaks down strategies for Building & Protecting Wealth specifically for Online Coaching businesses. You will learn 1 action step per episode in the areas of Cash Flows, Finance, Tax, Risk Protection, Legal, etc, that can help you grow your wealth inside & outside your business.
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Episode 108: WHEN YOU OWE STATE TAXES
In this episode, Patrick delves into the complexities of state taxes, focusing on unexpected state tax liabilities and the concept of nexus. He covers who owes state taxes and under what conditions, including economic activity in a state without physical presence, dubbed as 'nexus'. Key nexus triggers are explored, such as W-2s from another state, owning rental property, business operations in other states, and sales without a physical presence. The episode also touches on gray areas in nexus laws and offers insights into how business owners can manage liabilities and avoid unexpected taxation. This episode aims to equip listeners with the knowledge to navigate state taxes more effectively and make informed decisions about their businesses and personal finances.
Episode Highlights:
How to avoid state tax!
What is Nexus & why that is very important?
How to properly move to a No Tax State!
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#StateTax #TaxLiabilities #Nexus #StateTaxes #BusinessOwners #Taxation #NoTaxState #TaxPlanning #TaxationLaws #FinancialEducation #SmallBusiness #TaxSeason #EconomicActivity #GrayAreas #TaxStrategies #BusinessInsights #TaxManagement #PersonalFinance #W2 #RentalProperty #BusinessOperations #SalesTax #AvoidTaxation #FinancialDecisions -
Episode 107: 3 REASONS NOT TO FEAR THE IRS
In this episode, we're breaking down essential insights to ease your worries. Discover the IRS penalty that's a whopping 10 times higher than failing to pay, explore the two main payment plans offered by the IRS, and learn what activities are off-limits while you're on an IRS payment plan. Tune in for expert advice on navigating taxes with confidence!
Episode Highlights:
What IRS penalty is 10X higher than failing to pay?
2 types of payment plans by IRS
What is prohibited while you are on an IRS payment plan
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#NoFearIRS #IRSInsights #TaxConfidence #IRSMythsBusted#PaymentPlansDemystified #AvoidThePenalties, #TaxNavigation, #InformedTaxpayer, #IRSProhibitions, #FinancialFreedomJourney, #UnderstandingTaxes, #TaxAdvice, #NoMoreTaxFears, #IRSExplained -
Episode 106: WHY SELF-DIRECTING HAS A BAD REPUTATION
In this episode, we uncover why self-directing, or managing your investments, often gets a bad rap. We explain why paying attention to this topic matters for your financial well-being. Plus, we outline three types of investments you should avoid when self-directing: risky ventures, complicated financial tools like derivatives, and unconventional assets such as collectibles or cryptocurrencies. Tune in for practical insights on avoiding common pitfalls and making smarter investment choices.
Episode Highlights:
What is Self-Directing?
Why you should care about it?
What are 3 investments you can NOT make?
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#SelfDirecting #InvestmentKnowledge #FinancialSecurity #InvestmentRisks #SmartInvesting #AvoidingPitfalls #MoneyManagement #FinancialWellness #InvestmentEducation #DIYInvesting -
Episode 105: 3 RETIREMENT STRATEGIES AVAILABLE NOW
In this episode, we delve into the three cutting-edge retirement strategies currently available, each offering unique advantages and unparalleled benefits. From the exclusive realm of the only Triple Tax Free Strategy to unlocking the holy grail of Retirement Vehicles, and not forgetting the significant perks tied to Solo 401Ks, we navigate through the intricacies of these options to empower you in making informed decisions for your retirement planning. Join us as we explore these innovative approaches that could redefine the way you envision and achieve your retirement goals.
The only Triple Tax Free Strategy
The holy grail of Retirement Vehicles
The major perk of Solo 401Ks
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#RetirementStrategies #TripleTaxFree #HolyGrailRetirement #Solo401K #FinancialPlanning #SecureFuture #TaxFreeInvesting #WealthManagement #FinancialFreedom #RetirementGoals -
Episode 104: HOW TO PREPARE FOR TAX FILING
In this episode, we demystify the key questions accountants need answers to, empowering individuals to proactively engage with their financial professionals. Additionally, we unveil three invaluable templates designed to streamline the tax-filing process for clients, providing practical tools for organizing financial information effectively. Join us as we unravel the complexities of tax preparation, offering valuable insights to ensure a smooth and informed filing experience.
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#TaxPrep101 #FinancialWisdom #1099Insights #AccountingKnowHow #TaxFilingTips #ClientTemplates #MoneyMatters #FinancialOrganization #TaxSeasonReady #SmartFinances #AccountantAdvice #FiscalClarity -
Episode 103: HOW S-CORPS SAVE TAXES
In this episode, we explore S-Corporations' intricacies and their substantial potential for tax savings. Uncover the critical areas where S-Corps can significantly decrease taxes for business owners, unraveling the complexities of tax minimization strategies. The spotlight will also be on common mistakes entrepreneurs often make when establishing an S-Corp, presenting valuable insights to assist listeners in navigating potential pitfalls. From grasping the tangible benefits to delving into the potential drawbacks, we'll thoroughly analyze the costs of establishing and maintaining an S-Corp.
Episode Highlights:
What tax S-Corps reduce!
Mistake Business Owner's make setting up an S-Corp
What it costs to have an S-Corp
LINKS:
Profit & Loss Template
Save Taxes: Free Discovery Call
Follow me: https://www.instagram.com/thepatdarby
#SCorporationsSavings #TaxMinimizationStrategies #EntrepreneurMistakes #SoleHostInsights #BusinessTaxTips #FinancialWellBeing #TaxEfficiencyGuide #SavingsUnveiled #BusinessFinance101
Customer Reviews
Transforming The World
Thank you for the opportunity of being on Building Your Wealth Muscle. Fantastic show. Continued success my friend
GREAT SHOW!
I really enjoy your show, after listening to a few episodes I was totally hooked, it has great direction, it deals with very instructive and interesting topics. I really love this program!
Great Episode 2: Melissa Gamarra♥♥♥
Melissa Gamarra Bright Stars for Online Business.She is an extraordinary genius and a blessing for online entrepreneurs.I regard her as a guide in my business and she is my inspiration.