Contractors vs. Employees: Key IRS Aspects

August 16, 2023

Welcome to the Jeff Trapp Podcast! In this episode, Jeff dives into a crucial question that plagues many business owners: How do you differentiate between contractors and employees for tax purposes? Delve into the distinctions that matter, such as control, tax withholding, benefits, and expense reimbursement. Jeff expertly guides you through the nuances, ensuring you […]

Making 'Back-To-School' Expenses Tax Deductible

August 9, 2023

In the Jeff Trapp Podcast, host Jeff Trapp delves into tax strategies, especially with the back-to-school season in full swing. Many are unaware of the potential tax benefits tied to education, which is why Jeff sets out in this episode to break these down for his audience. Whether discussing the American Opportunity tax credit, which […]

Demystifying Complex Business Structures

August 2, 2023

Welcome to this week's episode of The Jeff Trapp Podcast. In this episode, Jeff delves into the pulse of the current economy, discussing the Federal Reserve's latest moves, and assesses the potential market implications. With the summer season winding down, he provides a timely reminder about impending tax filing deadlines and offers critical advice on […]

The Best Overlooked Tax Strategy

July 26, 2023

In this episode of the Jeff Trapp Podcast, Jeff dives into one of his all-time favorite tax strategies that can save you a ton of money on taxes. Forget complex schemes and loopholes – the key to maximizing deductions and building long-term wealth lies in understanding your financial statements every month. So in this round, […]

Behind The Scenes With Jeff Trapp

July 19, 2023

In the latest episode of "Behind the Scenes with Jeff Trapp," we get an exclusive look into Jeff's transformation from a teenage part-time employee at a pizza shop to a leading tax strategist and entrepreneur. Jeff shares intimate stories of his early encounters with taxation, his explorations into various professions, and the culmination of his […]

How Different Income Streams are Taxed

July 12, 2023

In the latest episode of "Jeff Trapp Podcast," Jeff dives into how different incomes are taxed. He explains that in the U.S., taxes are based on a progressive system where the tax rate increases with income, ranging from 10% to 37%, and varies depending on the type of income. For example, earned income (like salary […]

Avoiding DIY Tax Planning Pitfalls

July 5, 2023

Welcome to the Jeff Trapp Podcast! In this episode, Jeff dives deep into the world of tax planning and the common mistakes that business owners often make when they attempt to go the DIY route. Drawing from his recent experience at a Mastermind event, where he engaged with 250 business owners during a lively Q&A […]

Unraveling Entertainment Deductions

June 28, 2023

Hey folks, welcome to the Jeff Trapp Podcast. We're thrilled that you're tuning in today. We’ve got a somewhat unusual episode lined up as we gear up for the holiday weekend and 4th of July celebrations. Freedom is in the air, and what better way to kick things off than discussing what you can and […]

The American Families & Jobs Act

June 21, 2023

Welcome to the Jeff Trapp Podcast. If you haven't heard, there is a lot happening in the economy, and with taxation. So with that said, Jeff is diving into the economy, where things stand with regard to inflation, and as it relates to your taxes. He'll then discuss a new bill, 'The American Families & […]

100% Business Meal Deduction Tip Part 2

June 14, 2023

Welcome to the Jeff Trapp Podcast. If you haven't heard, there is a lot happening in the economy, and with taxation. So with that said, Jeff is diving into the economy, where things stand with regard to inflation, and as it relates to your taxes. He'll then discuss a new bill, 'The American Families & […]