Know Your Numbers

Chris McCormack
  • 4.8 (13)
  • Investing
  • Updated Biweekly

Welcome to the Know Your Numbers Podcast with Chris McCormack and Better Books Accounting — the podcast for real estate investors, business owners, and entrepreneurs who want to build wealth by truly understanding their numbers. Each episode breaks down tax strategies, accounting insights, cash flow, profitability, real estate investing, and financial planning in a practical, easy-to-understand way. Whether you're scaling your portfolio, growing a business, or trying to keep more of what you earn, this podcast delivers actionable conversations, expert advice, and real-world strategies.

  1. 4d ago

    Why Your Business Always Feels Broke (And How to Fix It)

    Is your business creating freedom or financial chaos? In this episode of the Know Your Numbers Podcast, Chris McCormack shares four proven financial systems that help business owners regain control of their money, reduce stress, and build a business that works for them. Learn why monthly bookkeeping, YNAB (You Need A Budget), Profit First, and regular financial reviews can transform your cash flow, improve profitability, and eliminate the constant anxiety of running a business. Whether you're an entrepreneur, small business owner, or real estate investor, these practical systems will help you organize your finances, make smarter decisions, and create lasting financial freedom. If this episode helps you, Like, Follow, and Share to support more business owners on their journey to financial freedom. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  2. Jul 16

    Your Business Is Trapping You... Here's How to Escape

    Are you building a business or has your business started controlling you? In this episode of the Know Your Numbers Podcast, Chris McCormack reveals the financial systems that help entrepreneurs escape the stress of living paycheck to paycheck and build lasting financial freedom. Learn why emergency funds matter, where business owners should invest first, how retirement and Roth strategies fit into your plan, and why alternative investments can accelerate long-term wealth. If you're a business owner, entrepreneur, real estate investor, or self-employed professional, these practical money management strategies can help you reduce financial anxiety, strengthen cash flow, and create a business that serves your life, not the other way around. Like, Follow & Share if you're ready to build a business that gives you freedom. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  3. Jul 9

    5 Compensation Mistakes That Kill Financial Freedom

    Are you paying yourself the wrong way as a business owner? That one mistake could be costing you thousands in unnecessary taxes and even increase your IRS audit risk. In this episode of the Know Your Numbers Podcast, Chris McCormack kicks off the Freedom Series by revealing the 5 most common compensation mistakes that keep business owners, entrepreneurs, and real estate investors from achieving true financial freedom. Learn how to optimize your salary as an S Corporation, reduce payroll taxes legally, maximize retirement contributions, unlock the Qualified Business Income (QBI) deduction, and take advantage of valuable tax-saving benefits. If your business earns $500K–$1M+, these strategies could save you thousands every year. Like, follow, and share this episode with another business owner who wants to keep more of what they earn. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  4. Jul 2

    How One Business Helped Rescue 5,000 Victims of Human Trafficking (with Ryan Skoog)

    Can generosity actually make your business more profitable? Ryan Skoog reveals how purpose-driven leadership has helped rescue thousands from human trafficking, feed millions, and transform businesses around the world. In this episode of the Know Your Numbers Podcast, Chris McCormack and Ryan discuss the Business for Good movement, meaningful work, faith-driven entrepreneurship, employee engagement, and why generosity creates lasting business success. Discover practical insights on building a purpose-driven company that impacts both your bottom line and people's lives. If you enjoyed this conversation, be sure to like, subscribe, and share for more episodes on business, leadership, and financial wisdom. Follow for more conversations about money, investing, tax strategy, and financial education. •••••••••••••••••••••••••••••••••••••••••••• To connect with Ryan, visit his Social Media Platforms: Facebook: https://www.facebook.com/ryanhenryskoog/ Instagram: https://www.instagram.com/ryanskoog/?hl=en LinkedIn: https://www.linkedin.com/in/ryanskoog Website: https://venture.org/ •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  5. Jun 18

    How to Predict Your Tax Bill Before It's Too Late (2026 Tax Guide)

    In this episode of the Know Your Numbers Podcast, CPA and Certified Tax Planner Chris McCormack walks business owners, entrepreneurs, and investors through a step-by-step guide to running a mid-year tax projection so you can estimate your tax bill, avoid costly surprises, and uncover opportunities to legally reduce your taxes before year-end. Many business owners wait until tax season to find out what they owe, but by then, most tax-saving opportunities are gone. Chris breaks down the exact process used by professional tax planners to project taxes, calculate taxable income, understand tax brackets, apply deductions and credits, and make strategic decisions before December 31st. Whether you're a small business owner, real estate investor, self-employed professional, freelancer, or entrepreneur, this episode will help you gain clarity on your tax situation and identify potential opportunities to keep more of your hard-earned money. If you're looking to reduce your tax burden, improve cash flow, and make smarter financial decisions, this episode is for you. If you found this episode valuable, please LIKE, FOLLOW, and SHARE it with another business owner who wants to pay less in taxes and gain confidence in their financial future. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  6. Jun 11

    Your Books Might Be Wrong (And Costing You $10,000 in Taxes)

    Mid-year bookkeeping mistakes can quietly turn into expensive tax problems at year-end. In this episode of the Know Your Numbers podcast, we break down the warning signs of messy books, just like a strange noise in your car means it’s time to visit a mechanic. If your financial reports or bank accounts don’t line up, it’s not something to ignore; it’s a signal that cleanup is needed. We cover the most common issues that lead to inaccurate financial statements and tax surprises, including variances between bank accounts and QuickBooks, unrecorded transactions, personal expenses incorrectly categorized as business expenses, and negative balances on your reports. You’ll also learn why up-to-date bookkeeping is the foundation for accurate tax projections and smarter financial decisions throughout the year. If you want more clarity, fewer tax surprises, and confidence in your numbers, this episode will help you understand when and why to clean up your books, and what to do next. Visit our website to connect with our team and see if we’re a good fit to help you get your books in order and build a stronger tax strategy. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guest.

  7. Jun 4

    5 Mid-Year Tax Mistakes Costing Business Owners Thousands

    Are you making costly tax mistakes halfway through the year without even realizing it? In this episode of the Know Your Numbers Podcast, Chris McCormack breaks down the 5 biggest mid-year tax and bookkeeping mistakes that can lead to surprise tax bills, missed deductions, cash flow issues, and unnecessary stress for business owners and investors. You'll learn why up-to-date bookkeeping is critical, how tax projections can help you avoid year-end surprises, why strategic tax planning beats simply preparing for taxes, and how setting aside money throughout the year can protect your business. Chris also explains the importance of thinking outside the box when it comes to tax-saving opportunities and wealth-building strategies. Whether you're an entrepreneur, real estate investor, or growing business owner, this episode will help you take control of your numbers, reduce your tax burden, and make smarter financial decisions before the year is over. Don't wait until tax season, start planning now and position your business for greater profitability and long-term success. Follow for more tax planning, investing, entrepreneurship, and wealth-building insights from the Know Your Numbers Podcast. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

  8. May 28

    How Billionaires LEGALLY Pay Less Taxes

    Why do billionaires like Elon Musk, Jeff Bezos, Warren Buffett, and Mark Zuckerberg often pay lower tax rates than many employees? In this episode of the Know Your Numbers Podcast, Chris McCormack breaks down the legal tax strategies wealthy individuals use to build and protect their wealth and why ownership is the key to long-term financial success. Chris explains how billionaires generate wealth through stocks, businesses, real estate, and equity instead of relying solely on earned income. He also dives into capital gains taxes, leveraging equity, debt strategies, delayed gratification, and why the tax code rewards ownership and investing. If you’ve ever wondered how the wealthy legally reduce taxes while continuing to grow their net worth, this episode gives a practical and thought-provoking breakdown of how the system actually works. Whether you’re building a business, investing in real estate, growing a stock portfolio, or simply trying to become more tax-efficient, this episode will help you understand how ownership can create long-term wealth and open the door to powerful tax advantages. Follow for more tax planning, investing, entrepreneurship, and wealth-building insights from the Know Your Numbers Podcast. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation •••••••••••••••••••••••••••••••••••••••••••• Connect with Better Books on Social Media Facebook: https://www.facebook.com/betterbooksaccounting.co Instagram: https://www.instagram.com/betterbooksaccounting.co → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksaccounting The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

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4.8
out of 5
13 Ratings

About

Welcome to the Know Your Numbers Podcast with Chris McCormack and Better Books Accounting — the podcast for real estate investors, business owners, and entrepreneurs who want to build wealth by truly understanding their numbers. Each episode breaks down tax strategies, accounting insights, cash flow, profitability, real estate investing, and financial planning in a practical, easy-to-understand way. Whether you're scaling your portfolio, growing a business, or trying to keep more of what you earn, this podcast delivers actionable conversations, expert advice, and real-world strategies.

Information

  • Creator
    Chris McCormack
  • Years Active
    2021 - 2026
  • Episodes
    219
  • Rating
    Clean
  • Copyright
    © 541785
  • Show Website
    Know Your Numbers