The WealthAbility Show with Tom Wheelwright, CPA

Successful tax planning doesn't happen once a year. There are actions you can take every day to help reduce your taxes. In this episode, Tom offers strategies that can be used daily to plan, execute and reduce your taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast25 Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax law presents challenges and opportunities for you and your CPA. In this episode, Tom reveals how CPAs are adjusting to the new tax law, and how it can benefit you to meet with your CPA before you file your tax return. This is am important episode for anyone trying to navigate the new tax law in the U.S. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast24 Learn more about your ad choices. Visit megaphone.fm/adchoices

Nothing strikes more fear in people than a government audit. In this episode Tom explains what triggers government audits, and what steps you can take to ensure that an audit is nothing to fear. Tom dissects how government CPAs approach audits, and how you can effectively deal with them. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast23 Learn more about your ad choices. Visit megaphone.fm/adchoices

Asset protection is a vital & basic part of any investment strategy. Tom speaks with Garrett Sutton about how to form your business or setup your investments in a way that avoids potential lawsuits. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast22 Learn more about Garrett Sutton by visiting https://www.corporatedirect.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Your CPA can't save you a dime. You have to take action in order to make way more money & pay way less taxes. In this episode, Tom discusses how investors and business owners should best position themselves to utilize the skills of a CPA and other team members to build success. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast21 Learn more about your ad choices. Visit megaphone.fm/adchoices

Record keeping is the most important skill required to build wealth. In this episode Tom discusses how to keep records, and more importantly, how to use records to make good financial decisions. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast20 Learn more about your ad choices. Visit megaphone.fm/adchoices

Professional investors enjoy higher returns and better tax benefits than amateur investors. In this episode, Tom discusses how certain investors make more money and qualify for better tax benefits based on how they invest. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast19 Learn more about your ad choices. Visit megaphone.fm/adchoices

Gold is often seen as a hedge against inflation. In this episode, Tom also explains the tax opportunities gold investing may offer. Tom speaks with a precious metals broker who offers the risks and rewards of buying gold. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast18 Learn more about Dana Samuelson and The American Gold Exchange by visiting https://www.amergold.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom discusses the three important questions you must ask yourself to create the life and business you want. This episode includes details on an upcoming special CPA Event on building your brand and finding your strengths. Sign Up For The Event: https://wealthability.com/event/ EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast17 Learn more about your ad choices. Visit megaphone.fm/adchoices

Clayton Morris, former-Fox News anchor, joins Tom to discuss his transformation from TV star to successful real estate investor. Choosing to leave a lucrative, high-profile career was an easy decision, because Morris took control of his wealth by creating passive income that allowed him to ditch his paycheck. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast16 Learn more about Clayton Morris: http://www.claytonmorris.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

All investors are not created equally. Why do some people excel at real-estate investing while others gravitate to stocks? In this episode, David Kolbe joins Tom to discuss how savvy investors pre-determine their strengths and apply this knowledge to creating wealth. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast15 Learn more about David Kolbe by visiting: http://www.kolbe.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax code offers many people the opportunity to cut income tax by 20%. In this episode, Tom offers a glimpse of how he works with clients to help them reduce taxes. Hear from a small-business owner about how tax planning helps him effectively run his business and reduce taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast14 Learn more about Cliff Holt by visiting https://www.utahfamilypharmacy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Life insurance offers tax and investment benefits to all investors. Kim Butler joins Tom to discuss the different types of life insurance available and what opportunities each presents to investors. Learn more about Kim Butler by visiting www.partners4prosperity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Understanding the new tax code not only allows you to pay less taxes, it may also encourage you to make more money. In this episode, hear a real-life case study of how a real estate investor educated himself, paid less taxes and used the tax code to increase his income. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast12 Learn more about JP Newman by visiting http://www.thrivefp.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The most important person in your financial life, other than a spouse, is your tax advisor. Robert Kiyosaki, author of "Rich Dad Poor Dad," joins Tom to discuss his hard-earned wisdom from working with bad and good tax advisors. Find out what questions to ask a tax professional so you can legally pay less taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast11 Learn more about Robert Kiyosaki and The Rich Dad Company by visiting https://richdad.com or his Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Hear the strategy anyone can use to begin successfully investing while paying less taxes. Ed McCaffery, a tax law professor at USC, joins Tom and together they discuss the strategy of "Buy, Borrow & Die." Find out how you can apply this basic formula to build wealth and eliminate taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast10 Learn more about Ed McCaffery and The Peoples Tax Page by visiting http://peoplestaxpage.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax code offers new incentives. In this episode, Tom speaks with fellow Rich Dad Advisor Andy Tanner about how spending more time with his two boys is allowing him to pay less taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast9 Learn more about Andy Tanner and investing, visit: http://andytanner.com/ or follow him on Facebook https://www.facebook.com/andytannerrichdadadvisor/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The new tax law offers opportunities to reduce taxes, but you must get educated. In this episode, Tom speaks with a real-estate investor who is currently implementing the new tax law and creating big tax savings. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast8 For more about Brad Sumrok and multifamily investing visit: https://bradsumrok.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Nobody knows more about your money than you. So why do so many people turn over their hard-earned money to strangers? In this episode Tom explains how you can become a successful investor, eliminate the Wall Street-myth of diversification, and pay less taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast7 Learn more about your ad choices. Visit megaphone.fm/adchoices

You don't need to wait until you're 65 to retire and live your dream life. In this episode Tom discusses the financial education he uses to help people achieve their financial dreams in as little as 7 years. Find out if your plan for retirement is really what you want, and if it will allow you to live the life you want. Visit the wealth evaluator here: https://wealthability.com/wealth-evaluator/ EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast6 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom has prepared a special show for CPAs (that really applies to anyone who owns a business). Find out how to better serve your clients and grow your business. Tom shares hard-earned wisdom from over 35-years running his own firms, working for corporate firms & teaching at the university level. Tom also invites CPAs to join him at the WealthAbility™ training center for a free educational seminar. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Find out how to live your dream life today, not 30 years down the road. In this episode, Tom explains that making one change to your wealth strategy can set you on the path to living your dream life today. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast4 Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is the #1 cause of divorce, and a great source of anxiety for people of all ages. In this episode Tom explains how you can overcome the fear of money and take control of your life. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast3 Learn more about your ad choices. Visit megaphone.fm/adchoices

The fastest way to put money in your pocket is to reduce taxes. In this episode, Tom offers five ways to legally reduce your taxes. Learn about the best ways to take tax deductions, the best available tax credits and why your 401(k) may be costing you money. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast2 Learn more about your ad choices. Visit megaphone.fm/adchoices

Taxes can deplete wealth or help build wealth. In his debut podcast, WealthAbility founder Tom Wheelwright dispels many common myths of the tax code, and explains how anybody can start building wealth with a strategic tax plan. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast1 Learn more about your ad choices. Visit megaphone.fm/adchoices