Know Your Numbers

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, a CPA and certified tax planner, dives deep into the newly signed tax law, including the exciting introduction of "Trump accounts." Join us as we explore how these accounts serve as a new wealth-building tool for families, business owners, and everyday Americans. Learn about the benefits of tax-deferred...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, CPA, MBA, dives into the strategies for legally beating the IRS and maximizing tax savings, regardless of your income level. Drawing from his experience at PwC, a leading global accounting firm, Chris emphasizes that you don't need to be a millionaire to benefit from the same tax strategies employed by wealthy individu...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the critical importance of having a year-round tax plan for real estate investors and entrepreneurs. He emphasizes that waiting until tax season to address taxes is far too late, especially for those making six or seven figures. Chris outlines the four pillars of real estate investment: cash flow, appreciation, ta...

Welcome to the Know Your Numbers REI Podcast! In this episode, your host Chris McCormack, founder of Better Books and a Certified Tax Planner, dives deep into the latest tax changes and implications that could affect you as a business owner, investor, or real estate professional. Join Chris as he discusses the recent big bill making its way through Congress, focusing on what tax benefits are being...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack dives deep into the latest developments surrounding the proposed "one big beautiful bill" currently making its way through the Senate. Join us as we explore the implications of the 2017 Tax Cuts and Jobs Act, focusing on key provisions like Bonus Depreciation and Opportunity Zones that could significantly...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack, a CPA and certified tax planner, dives into the latest tax news and insights that affect entrepreneurs, real estate investors, and business owners. Chris discusses the implications of the "one big beautiful bill," which is currently under consideration in the Senate, highlighting key tax provisions that could impact listen...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack dives deep into the latest developments in tax law, specifically focusing on the Section 199A deduction, also known as the Qualified Business Income (QBI) deduction. Whether you're a seasoned business owner or just starting out, this episode is packed with valuable insights to help you navigate the complexities...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA, Certified Tax Planner, and founder of Better Books Accounting, dives deep into the implications of the 2017 Tax Cuts and Jobs Act for real estate investors. As we approach the expiration of key provisions in this tax act, Chris discusses the potential changes in tax brackets, bonus depreciation, and capital g...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, a Certified Tax Planner and CPA, dives deep into the importance of proactive tax planning for real estate investors and business owners. Are you feeling overwhelmed by your tax situation? You're not alone! Many entrepreneurs struggle with the complexities of the tax code, leading to confusion and anxiety about...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack welcomes special guest Rachel Wortman, author of "The Money Mandate" and three other books. Rachel shares her inspiring journey of moving to Oklahoma City to plant a church and how a pivotal moment led her and her husband to embrace a bivocational lifestyle. Rachel and her husband, Grant, manage 3 real estate-related busine...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack sits down with entrepreneur Martha Picciao, who shares her inspiring journey from a single mom running a home daycare to building a multi-location daycare business with over 150 employees and 500 students. Martha discusses the challenges she faced along the way, including the importance of understanding her numbers...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA, MBA, and certified tax planner, dives deep into the world of tax strategies that can benefit everyone, regardless of income level. Are you an entrepreneur, business owner, or real estate investor feeling overwhelmed by taxes? Chris shares his journey from working at PwC, one of the largest accounting firms, t...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, founder of Better Books and certified tax planner, dives deep into the importance of year-round tax planning for real estate investors and entrepreneurs. Are you only thinking about taxes once a year? It’s time to change that mindset! Chris outlines the four key pillars of real estate investment: cash flow, apprec...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA, MBA, and founder of Better Books, dives deep into the topic of tax extensions. If you or someone you know has filed for an extension, this episode is a must-listen! Chris explains what it means to file an extension, addressing common questions such as whether it's a good or bad decision. He emphasizes the...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and Certified Tax Planner, dives deep into the booming short-term rental industry and the unique tax-saving opportunities it presents for investors. Are you an Airbnb or VRBO host? You might be sitting on hidden tax savings! Chris discusses how to legally minimize your tax bill, avoid self-employment tax, and...

Welcome to the Know Your Numbers REI Podcast! In this episode, your host Chris McCormack, a certified tax planner, dives in to five essential tax strategies that every real estate agent should know. Are you a real estate agent or thinking about becoming one? This episode is packed with valuable insights that could save you thousands of dollars on your taxes. Chris shares his expertise on how many...

Welcome to another episode of the Know Your Numbers REI podcast! In this episode, your host Chris McCormack, CPA and Certified Tax Planner, dives deep into the world of tax strategy for real estate investors, entrepreneurs, and business owners. Are you tired of feeling overwhelmed by high tax bills? Chris discusses how the wealthy leverage tax planning to keep more of their hard-earned money. Disc...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormick dives deep into the critical topic of tax planning, especially relevant as we navigate tax season. Are you a business owner or real estate investor who only thinks about taxes at year-end? If so, you might be leaving thousands—if not hundreds of thousands—of dollars on the table! Chris discusses the costly mistakes...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack welcomes Airbnb data expert John Bianchi, the founder of STR Search. John shares his passion for analyzing Airbnb data and discusses how his company helps clients identify profitable short-term rental properties. With a remarkable track record of over 200 successful property identifications. John Bianchi is a leading expert...

Join Chris McCormack, CPA and Certified Tax Planner, on this episode of the Know Your Numbers REI podcast as he reveals how rental properties can serve as the ultimate tax shelter. Chris discusses strategies like cost segregation, 1031 exchanges, and depreciation to legally and ethically reduce your taxable income through real estate investments. He shares success stories of clients who have saved...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and founder of Better Books Accounting, dives deep into the powerful combination of cost segregation and 1031 exchanges. Are you a real estate investor looking to maximize your tax savings and accelerate your portfolio growth? This episode is for you! Chris breaks down the intricacies of both strategies, expla...

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and Certified Tax Planner, dives deep into the world of cost segregation and how it can significantly reduce your tax bill—potentially by half! Are you an income-producing property owner frustrated by shrinking profits come tax season? Discover how cost segregation can help you accelerate depreciation, save th...

Welcome to the Know Your Numbers REI Podcast! In this episode, Chris McCormack, CPA and Certified Tax Planner, dives deep into the hidden mistakes that cost real estate investors thousands of dollars each year. If you're feeling overwhelmed by taxes, accounting, or the amount of money you're paying to the IRS, this episode is for you! Chris discusses the four essential spokes of a successful real...

In this episode of the Know Your Numbers REI podcast, host Chris sits down with Daniel Kaminski, founder of Foundation Launch, to explore the world of private family foundations. Daniel shares his journey from co-founding Better Wealth to establishing his own family foundation, highlighting the importance of understanding the intricacies of charitable giving. Discover what a private family foundat...

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the importance of having a qualified CPA and tax planning for real estate investors and business owners. He shares his background working at PwC and emphasizes the need for proper planning and working with professionals. He focuses on entity structure and provides valuable insights for real estate investors to mak...