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The Young CPA Success Show: Episode 39
Co-host Hannah shares her experiences with tax planning and defined benefit plans, setting the stage for guest expert David Podell from Business Benefits Consultants. David demystifies defined benefit plans, emphasizing their relevance and tax advantages. The discussion covers identifying client opportunities, the importance of advisory roles, and resources for further learning.
Episode Notes
"You could increase your retirement benefit, take money out of the business pre-tax, and I'm going to save you this on your taxes." -David Podell
The Finer Details of This Episode:
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Common misconceptions about defined benefit plans and their relevance in modern financial strategies.
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Importance of collaboration with financial advisors, third-party administrators, and attorneys in implementing defined benefit plans.
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Resources available for CPAs to deepen their understanding of defined benefit plans and tax strategies.
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Encouragement for young CPAs to engage with clients and explore tailored financial solutions.
Episode Resources:
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Summit Virtual CFO by Anders website: https://www.summitcpa.net/
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Email us with questions or if you’d like to be a guest on the show: youngcpasuccessshow@anderscpa.com
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We’re hiring! Check out our open positions: https://www.summitcpa.net/career-opportunities
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Check out Business Benefits Consulting! https://businessbenefitsconsultants.com
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