Properly Building Your Business's Foundation with Roger Pearson

Getting to the Bottom Line: Conversations to help business owners maximize revenue, profit, and cash flow

Getting to the Bottom Line, Episode 06: Properly Building Your Business's Foundation with Roger Pearson
Ever wondered how to keep more of your hard-earned money in a high-tax state? Learn practical strategies from our guest, Roger Pearson, a master tax advisor and IRS-enrolled agent with over 50 years of entrepreneurial experience. From his humble beginnings running a paper route to managing multiple small businesses, Roger has transformed his passion for business into a mission: helping small business owners navigate the labyrinth of tax laws to maximize their profits.
In this episode, we uncover the nuts and bolts of essential tax deductions and the importance of meticulous record-keeping. Roger emphasizes the necessity of maintaining a detailed mileage log, complete with backup documentation like oil change receipts, to meet IRS requirements. He also demystifies the complexities of depreciation laws and shares why hiring a qualified accountant or CPA can be a game-changer for your business. Regular consultations with your tax professional can ensure strategic financial planning and keep your business on the right track.
We also highlight the significance of effective bookkeeping in determining your net profit and ensuring clear documentation of business expenses. Roger offers insights into overcoming the common resistance to paperwork and the advantages of using modern tools to stay organized. He passionately advocates for self-education, mentorship, and understanding basic business management principles. To continue your journey towards business success, visit seagulltechnologies.com and newlightfs.com for more resources and expert advice. Don't miss this episode packed with actionable tips to elevate your business's financial health!
To learn more about my guest, Roger Pearson, visit him online at https://seagulltechnologies.com/
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My name is Stephanie Smith, owner of New Light Financial Solutions, and we help business owners stay on the one clear path to generating more cash flow in their business. To learn more, visit us online at https://newlightfs.com/
Need help generating more cash in your business? Book a right fit call with us today: https://newlightfs.com/#rightfit
Interested in being on the show? Complete this form: https://newlightfs.com/#podcast-speaker

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1. Introduction (00:00:00)

2. Meet Roger Pearson (00:00:43)

3. Roger's Background (00:01:59)

4. Discovering Tax Advisory (00:04:18)

5. Business Success Stories (00:09:48)

6. Importance of Education (00:16:34)

7. Paperwork Challenges (00:24:02)

8. Final Thoughts (00:27:27)