Welcome to another episode of The Six Figure Side Gig Podcast!

Joining us today is Diane Gardner. Diane is the owner of a public accounting firm, a certified tax coach and a bestselling author. Prior to becoming a tax coach Diane focused on tax preparation from a compliance perspective. As a certified tax coach Diane now provides proactive tax planning and strategies. During our conversation she shares some of the biggest and most costly tax mistakes made by entrepreneurs. Diane explains the relationship between entity type, business type and tax liabilities. She also shares tax saving opportunities for family members as employees. We discuss how a side gig operational loss can be a deduction for your main gig and when that might become a liability. Finally, Diane reveals some of the “red flags” in tax preparation that get the unwanted attention of the IRS.

All of that and more on today’s episode of The Six Figure Side Gig

More About This Show:

After spending a number of years as a public accountant Diane had to think outside the box during the recession both for herself and her clients. It was at this time she decided to become a certified tax coach and take her knowledge of tax preparation to the next level. As a tax coach Diane is able to plan and prepare tax saving strategies for entrepreneurs above and beyond that of an accountant.

In this episode you’ll hear:

• The biggest tax mistakes entrepreneurs make
• Why entity structure is important to tax liability
• How to save on taxes for medical expenses via your business
• The biggest IRS red flags for entrepreneur taxes
• The difference between a CPA and a Certified Tax Coach
• How to properly deduct and record client related expenses

Thank you to Diane Gardner for a great and very informative conversation and thanks to you for you for joining us today. See you next time on The Six Figure Side Gig podcast!

EPISODE RESOURCES

• For your free Tax Analysis
  • taxcoach4you.com
• For a free copy of 10 Most Expensive Tax Mistakes That Cost You Thousands
  • http://www.taxcoach4you.com/books/tax-mistakes/?inframe=yes&iframe=true
• To contact Diane directly
  • [email protected]
• Books mentioned in this episode
• Profit First, by Mike Michalowicz
• The Pumpkin Plan, by Mike Michalowicz
• The Toilet Paper Entrepreneur, by Mike Michalowicz
• Three Feet From Gold: Turn Your Obstacles Into Opportunities, by Sharon Lechter
• Text the word sidegig to the number 22828 to get the free video: How to Build a Six Figure Side Business
• Subscribe to Six Figure Side Gig Podcast
• Visit the website at SixFigureSideGig.com
• Write a Review on iTunes