Summary

In this enlightening conversation, Charles J. Reed, a CPA and IRS insider, shares invaluable insights into navigating the complexities of taxes and the IRS for small business owners. He emphasizes the importance of understanding the human aspect of the IRS, the significance of maintaining accurate records, and the potential for appealing IRS decisions. Charles also discusses lesser-known tax deductions, strategies to avoid audits, and the critical role of financial advisors in business success. This episode is a must-listen for entrepreneurs looking to optimize their financial strategies and avoid costly mistakes. In this conversation, L. Michael Burt and Charles discuss the essential aspects of running a business, focusing on the importance of professional advisors, payroll services, and financial habits for entrep ...