Episode 217

3/13/25

Topic: Taxes 101: Make Better Decisions & Save Money

Guests: Dan Gordon & Donnie Shelton

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In this episode we discuss:

• Our sponsors Coalmarch by Workwave, PestSure & Voice for Pest

• PMP Industry Insiders Peer Groups

• Individual taxes (Form 1040) and how "it all passes through"

• Tax rates and brackets

• How much to pay

• Types of income and capital gains

• Adjust Gross Income

• How the tax environment might change under the new Trump administration

• Standard deductions and itemized deductions

• Qualified Business Income — 199A

• Credits vs. deductions

• Estimated payments and withholdings

• Credits to beware of

• The strategy of deferring revenue and accelerating expenses

  
  

Resources mentioned:

• Donnie's books: Build & Grow

• IRS Form 1040

  
  

Notable: "It's important for people to understand taxes because it's one of the largest expenses on your P&L." —Dan Gordon, PCO Bookkeepers & M&A Specialists

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