Episode 84: Top 10 US Tax Tips for US Business Owners with Ryan Ross

In today’s episode, our host Bob welcomes tax expert Ryan Ross to share top strategies for optimizing US taxes. With over 25 years of experience, including time as a CFO for Fortune 500 companies, Ryan offers actionable advice tailored for business owners.

Bob and Ryan explore the top 10 tax tips, from choosing the right business structure to leveraging tax credits. Their practical insights aim to help entrepreneurs save money and boost financial efficiency.

Whether it's maximizing retirement plans or navigating advanced tax strategies, this episode is packed with tips to improve cash flow and ensure long-term business success.

Episode Highlights:

• 00:00 Welcome to The Wealthy Entrepreneur Podcast
• 02:41 Ryan Ross's Professional Background
• 05:04 Team Structure and Partnership with Gauvreau Accounting Tax Law Advisory
• 07:39 Introduction to the Top 10 US Tax Tips
• 09:44 Optimizing Tax Credits and Business Structures
• 18:19 Strategic Spending and Investing in Business
• 22:15 Retirement Plans and Charitable Trusts
• 30:16 Cash Flow Management and Estimated Tax Payments
• 40:20 The Role of a Tax Professional

About the Guest:
Ryan is a graduate of New Mexico State University, Ryan has been in accounting and finance for over 25 years. He has worked as the Chief Financial Officer of a local not-for-profit, financial advisor for a national brokerage firm, and a financial analyst for a public Fortune 500 company in Dallas. Ryan has an extensive background in many aspects of business and personal finances, which has made his transition into public accounting a very easy one. He also serves as the Treasurer for Casas Por Cristo, a local non-profit organization. He is well versed in business formation, business taxes and individual taxes.

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