Know Your Numbers REI with Chris McCormack

Chris McCormack
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Know Your Numbers REI with Chris McCormack

Know Your Numbers REI is where you can learn how to eliminate the frustrations and chaos you've felt around tax and accounting in your real estate portfolio. Chris is a CPA, Certified Tax Planner and owner of Better Books Accounting - an accounting and bookkeeping firm focused on having real estate investors confidently pay less to the US government Be sure to visit our website betterbooksaccounting.co Connect with Chris on Facebook: Chris McCormack Follow Chris on Instagram: @chrismccormackcpa Connect on LinkedIn: Chris McCormack CPA, MBA

  1. How to Legally Beat the IRS: Proven Strategies for Real Estate Investors and Entrepreneurs

    1D AGO

    How to Legally Beat the IRS: Proven Strategies for Real Estate Investors and Entrepreneurs

    In this episode of the Know Your Numbers REI podcast, host Chris McCormack, CPA, MBA, dives into the strategies for legally beating the IRS and maximizing tax savings, regardless of your income level. Drawing from his experience at PwC, a leading global accounting firm, Chris emphasizes that you don't need to be a millionaire to benefit from the same tax strategies employed by wealthy individuals. He shares insights on how entrepreneurs, business owners, and real estate investors can eliminate the fears and frustrations surrounding taxes and accounting. Tune in to learn how to leverage these strategies to save thousands on your taxes and gain a better understanding of your financial landscape. Don't forget to leave a comment and follow for more insights on real estate investing and tax planning! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    15 min
  2. Don't Overpay on Taxes! Essential Tips for Real Estate Entrepreneurs!

    JUL 3

    Don't Overpay on Taxes! Essential Tips for Real Estate Entrepreneurs!

    In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the critical importance of having a year-round tax plan for real estate investors and entrepreneurs. He emphasizes that waiting until tax season to address taxes is far too late, especially for those making six or seven figures. Chris outlines the four pillars of real estate investment: cash flow, appreciation, tax planning, and equity. He encourages listeners to think of their tax strategy as integral to their investment decisions, akin to planning their next deal! Tune in to learn how to better manage your tax strategy throughout the year and maximize your investment potential! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    15 min
  3. Exploring the Latest Tax Law: Impact on Clean Vehicle Credits and Renewable Energy Investments

    JUN 26

    Exploring the Latest Tax Law: Impact on Clean Vehicle Credits and Renewable Energy Investments

    Welcome to the Know Your Numbers REI Podcast! In this episode, your host Chris McCormack, founder of Better Books and a Certified Tax Planner, dives deep into the latest tax changes and implications that could affect you as a business owner, investor, or real estate professional. Join Chris as he discusses the recent big bill making its way through Congress, focusing on what tax benefits are being removed, particularly those related to clean energy credits that were introduced during the previous administration. He breaks down the termination of various clean vehicle credits, commercial clean vehicle credits, and alternative fuel vehicle refueling property credits, explaining how these changes could impact your tax strategy moving forward. Stay informed about the evolving tax landscape and learn how to navigate these changes effectively. Chris emphasizes the importance of having a knowledgeable tax strategist in your corner to help you make the best financial decisions for your future. Don't miss this insightful episode packed with valuable information to help you save on taxes and grow your business! Follow to the Know Your Numbers REI Podcast for more insights on tax strategies and real estate investing! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    18 min
  4. Navigating the 2025 Tax Landscape: How Bonus Depreciation Can Benefit American Taxpayers

    JUN 19

    Navigating the 2025 Tax Landscape: How Bonus Depreciation Can Benefit American Taxpayers

    Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack dives deep into the latest developments surrounding the proposed "one big beautiful bill" currently making its way through the Senate. Join us as we explore the implications of the 2017 Tax Cuts and Jobs Act, focusing on key provisions like Bonus Depreciation and Opportunity Zones that could significantly impact real estate investors and taxpayers alike. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you navigate the ever-changing tax landscape. Don't forget to like, follow, and leave us a review if you find this content helpful! Thank you for tuning in, and let's keep moving forward together! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    29 min
  5. How the Proposed Tax Changes in the Big Beautiful Bill Affect Overtime Pay and Deductions

    JUN 12

    How the Proposed Tax Changes in the Big Beautiful Bill Affect Overtime Pay and Deductions

    In this episode of the Know Your Numbers REI podcast, host Chris McCormack, a CPA and certified tax planner, dives into the latest tax news and insights that affect entrepreneurs, real estate investors, and business owners. Chris discusses the implications of the "one big beautiful bill," which is currently under consideration in the Senate, highlighting key tax provisions that could impact listeners. He emphasizes the importance of proactive tax planning to help reduce stress and improve cash flow for business owners. Tune in as Chris unpacks potential changes to federal and state income taxes, payroll taxes, and more, providing valuable information to help you make informed financial decisions. If you find value in this episode, please leave us a five-star rating and review! Don't forget to follow to our channel for more insights and updates on tax strategies that can benefit you and your business. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    24 min
  6. Understanding the Section 199A Deduction: How the QBI Tax Changes Impact Real Estate Investors

    JUN 6

    Understanding the Section 199A Deduction: How the QBI Tax Changes Impact Real Estate Investors

    Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack dives deep into the latest developments in tax law, specifically focusing on the Section 199A deduction, also known as the Qualified Business Income (QBI) deduction. Whether you're a seasoned business owner or just starting out, this episode is packed with valuable insights to help you navigate the complexities of tax law and make informed decisions for your financial future. Don't forget to like, follow, and share this episode with anyone who could benefit from understanding these important tax changes! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    16 min
  7. Navigating Future Tax Changes: Essential Tax Planning Tips for Real Estate Investors Amidst Potential Expirations

    MAY 29

    Navigating Future Tax Changes: Essential Tax Planning Tips for Real Estate Investors Amidst Potential Expirations

    Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA, Certified Tax Planner, and founder of Better Books Accounting, dives deep into the implications of the 2017 Tax Cuts and Jobs Act for real estate investors. As we approach the expiration of key provisions in this tax act, Chris discusses the potential changes in tax brackets, bonus depreciation, and capital gains tax rates that could significantly impact your bottom line. He emphasizes the importance of proactive tax planning and staying informed about current tax laws to make confident decisions regarding your investments. Whether you're considering selling a property, refinancing your rental portfolio, or simply looking to optimize your tax strategy, this episode is packed with valuable insights and actionable advice. Don't miss out on this essential information that could shape your financial future! Follow to the Know Your Numbers REI Podcast for more insights on real estate investing and tax planning! •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    14 min
  8. Unlock Tax Benefits with Strategic Entity Structures: A Guide for Real Estate Business Owners

    MAY 22

    Unlock Tax Benefits with Strategic Entity Structures: A Guide for Real Estate Business Owners

    Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, a Certified Tax Planner and CPA, dives deep into the importance of proactive tax planning for real estate investors and business owners. Are you feeling overwhelmed by your tax situation? You're not alone! Many entrepreneurs struggle with the complexities of the tax code, leading to confusion and anxiety about their tax bills. Chris shares valuable insights on how to take control of your tax strategy and avoid the pitfalls of reactive tax filing. Don't wait until tax season to think about your tax strategy! Tune in to discover how you can save money and gain peace of mind by taking action now. If you find this episode helpful, please like, share, and follow for more insights on tax planning and real estate investing. •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@chrismccormackcpa 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.

    22 min
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4.8
out of 5
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About

Know Your Numbers REI is where you can learn how to eliminate the frustrations and chaos you've felt around tax and accounting in your real estate portfolio. Chris is a CPA, Certified Tax Planner and owner of Better Books Accounting - an accounting and bookkeeping firm focused on having real estate investors confidently pay less to the US government Be sure to visit our website betterbooksaccounting.co Connect with Chris on Facebook: Chris McCormack Follow Chris on Instagram: @chrismccormackcpa Connect on LinkedIn: Chris McCormack CPA, MBA

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