The Financial Beast Podcast for Practice Owners

Corporate Transparency Act: What You MUST Know Now! with Host, Eric Miller & Guest, Patrick O'Connor

ATTENTION BUSINESS OWNERS!
The Corporate Transparency Act is now in effect and it's critical that you understand its implications to avoid hefty penalties and even possible imprisonment.
In this episode of the Financial Beast Podcast, your host Eric Miller and expert attorney Patrick O'Connor delve deep into everything you MUST know about this new regulation.
From the intricate details of the Beneficial Ownership Information (BOI) form to who’s exempt and who’s not, this conversation is an essential guide for every practice owner and small business. The Corporate Transparency Act aims to combat terrorism and money laundering, but its complexities could have severe unintended consequences for smaller enterprises not adequately prepared.
Don't let your business be caught off-guard. We break down the filing requirements, timelines, and potential penalties (up to $10,000 per day!) to ensure you are fully informed and can take the necessary steps to comply. This law might seem overwhelming, but with the right knowledge and preparation, you can navigate it successfully and keep your business thriving.
Remember, knowledge is power! Being informed helps you take back CONTROL, maximize the value of your business, and secure your financial freedom. Don't just listen—make sure to share this podcast with any business owner you know. They'll thank you later!
Hit subscribe for more critical updates and expert financial insights. Stay informed, stay safe, and let’s thrive together as Financial Beasts in the business world!
#CorporateTransparencyRegulations #FinancialAdvisorsAssistance #BusinessReportingCompliance #CorporateComplianceRequirements #TaxReportingRequirements

Maximize Deductions: How to Avoid the April 15th Surprise! with Host, Eric Miller & Guest, Eric Gersch

Maximize deductions like the home office and discover more crucial tax tips with Eric Miller and Gersch on the Financial Beast Podcast! In this episode, they dive deep into the essentials of tax planning for business owners, discussing how to avoid the dreaded "April 15th surprise" and effectively manage your tax liabilities. Whether you own an S-Corp, LLC, or sole proprietorship, understanding the flow of business profits to personal tax returns is crucial.
 
Learn how to take back CONTROL of your finances by setting up separate accounts for tax savings, and explore strategies to maximize the value of every dollar with deductions that build personal wealth. From leveraging your home office to making smart use of tax codes, Eric and Gersch guide you through the basics to more advanced tactics that can lead to substantial savings.
 
Expand your business knowledge by understanding how to incorporate financial planning into your daily decisions. Achieve financial freedom by becoming a Financial Beast! Connect with us on our social media platforms to continue your journey and get personalized tips from financial experts.
 
#IrsPaymentOptionsGuidance #WealthBuildingStrategies #TaxAccountManagement #TaxSeasonPreparation #FinancialDisciplineTips

Increase Profits NOW to Secure Your Dream Retirement! with Host, Eric Miller & Guest, Eric Gersch

Increase Profits NOW to Secure Your Dream Retirement!
Ready to increase profits and secure your dream retirement?
Dive into this must-watch episode of the Financial Beast Podcast where our hosts, Eric Miller and Eric Gersch, revolutionize retirement planning for practice owners like you. Forget the outdated advice of aiming for 60-80% of your pre-retirement income. It's time to take back CONTROL and aim for 100% by boosting your business's profit margins NOW!
In this enlightening discussion, discover the innovative concept of Desired Monthly Minimum Income (DIMI) and learn how to calculate the total assets needed to live comfortably in retirement without sacrificing your current lifestyle. Whether it's tackling the impact of taxes or optimizing investment returns, this episode is packed with actionable strategies to help you build personal wealth and achieve financial freedom.
#FinancialLiteracy #PreretirementIncome #RetireeIncomeNeeds #FinancialSuccessStrategies #FinancialPodcast

Master Employee Terminations: Protect Your Practice Legally with Host, Eric Miller & Guest, Devora Lindeman

Master the art of employee terminations and safeguard your practice from legal pitfalls with expert insights from Devora L. Lindeman, a seasoned employment attorney. In this enlightening episode of the Financial Beast podcast, host Eric Miller delves deep into the crucial aspects of HR and employment law that every practice owner must know to protect their business effectively. Discover why setting clear job expectations and having robust performance management systems are not just good practices but essential shields against costly lawsuits. Learn the critical steps to handle terminations the right way, ensuring that when the tough decision to let an employee go comes, it's executed with precision to prevent legal backlash. This is more than just a conversation; it's a roadmap to fostering a compliant, efficient, and lawsuit-free workplace. Whether you're grappling with performance issues, considering termination, or simply aiming to tighten your HR practices, the insights from this discussion are invaluable. Don't leave the stability of your practice to chance. Equip yourself with the knowledge and tools to manage your team effectively and legally. Tune in now and transform the way you handle HR challenges in your practice. #EPLI #Documentation #HumanResources #PerformanceReviews #JobDescriptions

Strategies to Shield Your Savings from Long-Term Care Expenses with Host Eric Miller & Guest, Eric Gersch

Are you worried about the financial burden of long-term care expenses depleting your hard-earned savings? Dive into this comprehensive guide on "Strategies to Shield Your Savings from Long-Term Care Expenses," where financial experts discuss actionable steps to protect and preserve your wealth against unforeseen healthcare costs. Grasp the essentials of long-term care, understand the full spectrum of care options, and learn how to strategically plan for future needs without compromising your financial stability. In this episode, financial gurus from the Financial Beast Podcast for Practice Owners break down the complexities of long-term care—highlighting practical tips and insights to fortify your financial defense. From defining long-term care to exploring cost implications and insurance solutions, this video is your one-stop resource for becoming financially astute about securing your future. Whether you're in your prime earning years or witnessing the care challenges faced by elderly relatives, now is the time to act to safeguard your assets. Learn about the different types of long-term care policies, the ideal times to secure one, and the investment strategies that can keep you protected as healthcare needs evolve.

4% Rule: Too Safe or Risky for Retirement? with Host, Eric Miller & Guest, Eric Gersch

4% Rule: Too Safe or Risky for Retirement? Dive deep into the heart of retirement planning with "4% Rule: Too Safe or Risky for Retirement? In this episode Eric Miller and Eric Gersch, seasoned financial advisors, tackle the age-old debate surrounding the 4% withdrawal rate, offering you insights to empower your retirement strategy. Is the 4% rule a beacon of safety or a path to financial constraint? Discover the answer as we explore the importance of diversification, multiple income streams, and personal financial goals to ensure a retirement filled with financial freedom and peace of mind.

Maximizing Deductions: Overlooked Strategies for Practice Owners with Host, Eric Miller & Guest, Mark Martukovich

Are you tired of watching your hard-earned money disappear come tax season? It's time to challenge the status quo and become a Financial Beast, expanding your business and building personal wealth like never before.  Dive deep into the world of strategic tax planning with Eric Miller and tax specialist Mark Martukovich, as they unveil the untapped tax strategies that could save practice owners thousands. This isn't your average financial advice. We're here to disrupt the system, revealing the truth about maximizing deductions and securing your financial freedom. Are you ready to defy expectations and master the art of wealth building? The path to financial liberation begins here. Don't just survive the system; manipulate it to your advantage and thrive beyond your wildest dreams. Become part of the movement. Join us now.

The Hidden Checklist Secret to Skyrocket Your Practice with Host, Eric Miller & Guest, Neil Trickett

Unlock the secrets that elite practice owners know and take back CONTROL of your financial future! Eric Miller and Neil Trickett unveil the hidden checklist secret that could skyrocket your practice to new heights. If you've ever felt overwhelmed by the unpredictable waves of the financial world, especially amidst recessions, it's time to arm yourself with knowledge that empowers you to not just survive but THRIVE. Discover how to maximize the value of your practice, build personal wealth, and secure financial freedom. This isn't just about making more money; it's about transforming your approach to your practice and your finances. Learn from marketing genius, Neil Trickett of Practice Promotions, who shares unparalleled insights into expanding your business and becoming a Financial Beast. Join us, and let's defy the odds together. Start transforming your financial life today.

Unlock the Secret to Financial Freedom with Host, Eric Miller & Guest, Eric Gersch

Unlock the SECRET to financial freedom with this episode. Dive deep with host Eric Miller and special guest Eric Gersch as they shatter the conventional financial model, empowering practice owners like YOU to take back CONTROL of your financial destiny. Discover how to maximize the value of your practice, build personal wealth, and navigate the treacherous waters of the financial industry with confidence. In an industry dominated by outdated advice and a one-size-fits-all approach, two Eric's challenge the status quo, revealing the pitfalls that could be draining your wealth and the strategies to turn your business into a powerhouse of financial growth. Learn how to become a Financial Beast by expanding your business, leveraging your investments, and securing your future in ways traditional financial advisors won't tell you. Ready to challenge the financial norms and pave your own path to prosperity? Don't let traditional financial models hold you back. Become a part of the movement that's redefining financial success for practice owners across the nation.

The REAL Cost of Ignoring Real Estate in Healthcare with host, Eric Miller & Guest, Kris Benson

Unlock the secrets to financial mastery with "The REAL Cost of Ignoring Real Estate in Healthcare"! Dive into the world of real estate investments and discover how they can be the game-changer for your healthcare business. This video isn't just another talk. It's a wake-up call to all healthcare practice owners who've been overlooking the monumental potential real estate holds in expanding your business and securing your financial future. Whether it's about choosing the right property, navigating the murky waters of interest rates, or leveraging tax benefits, we've got you covered. Remember, financial freedom isn't just a dream—it's within your grasp. But, it requires action, education, and the right strategies. Let us guide you on how to safeguard your investments and capitalize on real estate opportunities. Don't wait for a financial crisis to realize the power of real estate in healthcare. Become an informed investor and a savvy practice owner. Connect with us on our social media platforms to stay ahead of the curve. Take the first step towards securing your financial legacy. It's time to challenge the status quo, make informed decisions, and transform your practice into a wealth-building powerhouse. Are you ready to join the ranks of healthcare professionals who refuse to ignore the real cost of sidelining real estate in their financial strategy? Let's get started.