To the Point Home Services Podcast

The Home Services Podcast That Gives Back

Episode 177: You Don't Have To Pay All The Taxes

July 4, 2023

Episode 177: You Don't Have To Pay All The Taxes

Published: July 4, 2023


You’re a business owner. You’ve spent countless hours building your business. It’s your life’s work. And now that you’re ready to sell and move on, the government wants to take 30% of it? Is there anything you can do about it? Yes!

We bring on CEO and Founder of VFO Advisory Group, Vince Annable, to discuss tax planning and estate planning for business owners and to dispel the notion that you have to lose a huge chunk of what should belong to you and your family. Alongside guest co-host Steven Gurley of Goettl, host Chris Yano speaks with Vince about what VFO does for their clients and why you should be thinking ahead.

It’s Your Money – Protect It

Money doesn’t come with a manual. In the home services industry, we’re so often focused on making money that once we have it, we don’t know what to do with it – and that’s okay! Just like anything else, it’s important to have coaching to maximize your potential. That includes your finances. And while you may not be thinking about it right now, at some point you’ll leave your business…willingly or not. Are you set up for success? Is your family?

With VFO, Vince is helping clients work through everything from tax planning and estate planning to buying a yacht or a private island. They coordinate and quarterback everything you need manage your wealth in a way that maximizes what you keep at the end of the day – and not just by throwing it all into stocks and bonds and calling it a day.

In this episode, we talk to Vince about:
  • Tax planning and estate planning for business owners
  • Why you don’t have to pay as much in tax as you think upon sale
  • The ideal time to start planning ahead
  • Non-traditional investment strategies and approaches
  • The Household Endowment Model
  • Why it’s important to have financial education
  • Pre-sale and post-sale tax strategy
  • Managing your wealth to maximize what you keep
  • Minimizing the amount you lose in taxes

Planning Ahead WIth The Experts

If you aren’t sure where to start, Vince recommends educating yourself. There are plenty of resources out there online. You could read Vince’s book, The Household Endowment Model. Or, better yet, you could reach out and schedule a consultation with VFO to get your education straight from the experts.

Want to connect with Vince, or VFO? You can call the VFO front desk at (480)-889-8985 and let them know you’re calling from the podcast, or email Vince directly at [email protected]!

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