Carter Cofield
speaker
215 appearances
3 recordings
3 series
first heard Jan 2025
last heard 29 Jun
Carter Cofield’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
Just because we put out those three videos a week, long form content.
We also host these virtual wealth workshops a couple, a few times a year to really give people like, you know, we believe in greatness on display.
Well, we literally spent five days with these people and give them our best wealth and tax strategies and then allow them to become clients after.
And they want to, instead of that, it's just joinwealthworkshop.com.
I'll get you both links.
I'll have the team send you our YouTube link and then that link if they want to get closer to us.
But that's really it.
And we just put a lot of time, effort, and energy into showing people that we can help them by first actually helping them.
If your tax strategist can't tell you before you hire them how much money they're going to be able to save you, walk away. Because we work for all of our clients for free. I know how much I'm going to save you before I pay you. So I'm an investment more than I am a call.
But investing money to get a deduction isn't even better. Another strategy that I think is big in today's space is...
Well, so it was funny because we all want to make money, right? And so when I started working in corporate America in the tax field, our clients would make a lot of money, but they were really upset because they were paying a lot of money in taxes. So I learned very early on that it's not about how much money you make. It's about how much money you can't, right?
And so I decided I want to leave corporate America and start a company where I can just help entrepreneurs save on taxes because we work the hardest. We put our butt on the line. We do everything. And then a silent business partner says, hey, you made a million. I want to take 50% of that. And that's not fair. So I found out we can do two things.
We can get upset about it or we can get smart about it. So that's what I decided to do.
One of my favorite quotes is that we should all pay what we legally owe in taxes. Let's not leave a tip. You know what I'm saying? A lot of people are tipping the IRS unwillingly or unknowingly because they don't have a tax strategy. And that's where I come in, that's where me and my team comes in, because there are strategies that we can implement to make sure you minimize your tax bill.
And that's what our goal.
Yeah, so intro tip is understanding that the IRS says any expense that is both ordinary and necessary for your business, you get to deduct. So it's up to you to define if something is ordinary or necessary for your business. So if you buy a drone, a lot of people think that's a personal expense.
But you as a marketer understand that a drone is a perfect way to shoot amazing content for your business. So now we are in this position of shifting personal expenses from our personal books to switching up the business expenses, which the IRS gives us a tax deduction for these expenses.
So I think the simplest level is what am I already paying for personally that I can turn it to a business expense so my business can start paying for it versus me having to pay for it. So I think that's the base level for people to understand.
Yeah, so I love what you said because you determine on the front end, right? Before you spend the money, is it a personal expense or is it a business expense? And then use that card for it, right? So now that we understand the basics, we can expand and get a little bit more creative.
So one of the most profound examples that we've seen in our company recently of somebody turning a potential personal expense to a business expense was the following. So our client was in the coaching space, high-ticket mastermind client, and he wanted to purchase a yacht. And it was expensive. Yeah, it was gonna be about three to four million.
Showing 161–180 of 215 · page 9 of 11
← Previous
Next →