The WealthAbility Show with Tom Wheelwright, CPA

Discover how high-income earners can gain freedom through passive income. Tom Burns, M.D. joins Tom to discuss his transformation from a high-income surgeon to an investor who practices medicine. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how Bitcoin may be an emerging safe haven for protecting your wealth. Pierre Rochard joins Tom to discuss Bitcoin's maturation and evolution as a protector of money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Busy professionals work for their money. But what happens when you stop working or are unable to work? Discover how high-income earners can build wealth away from their day jobs. Learn more about your ad choices. Visit megaphone.fm/adchoices

The N.Y. Times reports that Donald Trump recently paid $750 in federal taxes. Discover how it's possible for anyone to follow the tax code, make significant income and legally pay little or no taxes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how cities plan to pay for the COVID crisis. Tom speaks with a city councilman from Phoenix who shares how local governments have been and likely will continue to tap public funds to pay for COVID. Small businesses and investors will be particularly burdened by government actions. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast65 Learn more...

Governments around the world have printed massive amounts of money in response to the COVID crisis and the effects will be felt for years to come. David Stockman joins Tom to discuss the impact of these policies on small business and personal wealth. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast64 Learn more about your ad choices. Visit megaphone.f...

Discover why wealth inequality is a bigger problem than income inequality. Annamaria Lusardi joins Tom to discuss why income and wealth inequality is growing and why it's a problem for the poor, middle class and wealthy. Lusardi offers solutions to address the issue. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast63 Learn more about your ad choices....

Joe Biden plans to substantially change the tax code if elected. Garrett Watson from the Tax Foundation joins Tom with analysis of Biden's plan. This is a must-listen show for all business owners, estate planners and investors. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast62 Learn more about your ad choices. Visit megaphone.fm/adchoices

The bill for the COVID crisis will eventually come due.  Many politicians believe the solution is to raise taxes on wealthy people. Morris Pearl joins Tom to discuss the risks and possible benefits of raising taxes on the rich. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast61 Learn more about your ad choices. Visit megaphone.fm/adchoices

The extended tax deadline is fast approaching. Discover how the COVID crisis has changed tax planning, and what you can do today to improve your economy. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast60 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how China impacts your personal economy. Whether it's the supply chain or trade wars, your business and wealth is likely affected by China. Brian Miller, a China-based entrepreneur, joins Tom. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast59 Learn more about your ad choices. Visit megaphone.fm/adchoices

Opening your business during the COVID crisis presents new liability risks. John Balitis joins Tom to discuss how you can protect your business against liability claims. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast58 Learn more about your ad choices. Visit megaphone.fm/adchoices

Landlords are caught between tenants struggling to pay rent and lenders seeking debt payments. Ken McElroy joins Tom do discuss how landlords can successfully navigate this economic crisis. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast57 Learn more about your ad choices. Visit megaphone.fm/adchoices

Businesses are reopening after the COVID-19 lockdown. Discover how to reopen your business while protecting your employees, clients and vendors. Employment lawyer Bob Robenalt joins Tom. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast56 Learn more about your ad choices. Visit megaphone.fm/adchoices

COVID is creating new rules for negotiations. Discover how to negotiate with tenants, banks, landlords, the government & employees.  Negotiating expert Peter Stark joins Tom. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast55 Learn more about your ad choices. Visit megaphone.fm/adchoices

Government aid must be spent properly to avoid penalties. Discover the right way to allocate government money that will keep your business running today and for many months to come. This is part 2 of Tom's PPP series. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast54 Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. is grappling with the right way to reopen its economy. Economist Richard Duncan joins Tom to discuss short-term and long-term strategies to navigate the unprecedented shutdown of the world's largest economy. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast53 Learn more about your ad choices. Visit megaphone.fm/adchoices

You have control over many parts of your personal & business finances even in these uncertain times. Discover how you can take action today to make sure you're financially sound during the coronavirus crisis. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast52 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tax filings and payments have been extended due to the coronavirus crisis. Discover what this means for your business and investments, and what conversations you should have with your CPA. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast51 Learn more about your ad choices. Visit megaphone.fm/adchoices

The CARES Act is the largest relief bill in U.S. history. Discover what opportunities are available to you and the action you can take today to access the $2.2 trillion. Tom also explains the tax changes and opportunities in the bill. EPISODE BONUS: For the show notes and more visit: https://wealthability.com/podcast50 Learn more about your ad choices. Visit megaphone.fm/adchoices

The coronavirus crisis has gripped the world in fear. Tom believes the real crisis is one of education and leadership. In this episode, Tom shares how he is navigating these unprecedented times and offers solutions for business owners and investors. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast49 Learn more about your ad choices. Visit megaphone.fm...

An increase in audits is coming. Tom explains how recent changes at the IRS are raising concerns in the middle of tax filing season. Discover what's changed and the steps you can take today to protect yourself. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast48 Learn more about your ad choices. Visit megaphone.fm/adchoices

Blockchain is revolutionizing the way business is conducted. Discover what blockchain is and how it can be applied to investing, accounting and more. Stephen Williams joins Tom to explain this new technology in an approachable and practical way. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast47 Learn more about your ad choices. Visit megaphone.fm/adc...

Money is the biggest source of conflict within a family. Discover how estate planning can eliminate conflict and ensure your legacy. Bill Clarke joins Tom to discuss living trusts. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast46 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover how the IRS approaches audits and tax conflicts. Ex IRS lawyer Scott Estill joins Tom and offers tips on how to successfully deal with the IRS during a tax conflict. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast45 Learn more about your ad choices. Visit megaphone.fm/adchoices