How to Stop Hidden Money Leaks in Your Small Business
If you’re a solopreneur or small business owner, chances are you’ve unknowingly let money slip through the cracks of your business. In episode 272 of Gratitude Geek, I sit down with IRS Enrolled Agent and small business expert Roger Pearson to uncover the hidden money leaks that are draining your profits.
Whether you’re just starting out or scaling up, this conversation is packed with insights every entrepreneur needs to hear.
Meet Roger Pearson
Roger Pearson is an IRS Enrolled Agent and Master Tax Advisor with over 50 years of experience in business ownership and consulting. After watching countless entrepreneurs lose thousands due to preventable financial mistakes, he made it his mission to educate small business owners on building a solid financial foundation. Roger combines real-world business savvy with deep tax knowledge to help solopreneurs keep more of their hard-earned money.
What You’ll Learn
- The most common financial mistakes solopreneurs make—and how to avoid them
- Why choosing the right business structure (LLC vs. sole proprietorship) matters more than you think
- How to spot and stop hidden money leaks in your business
- The truth about tax deductions, depreciation, and capital expenditures
- What makes a great tax professional—and how to find one
- Why record-keeping is your best defense against IRS audits
- The role of legacy planning in building a sustainable business
- How to make smarter financial decisions starting today
Episode Breakdown
- 00:00 – Introduction to Costly Business Mistakes
- 03:06 – Roger’s Journey: From Business Owner to Tax Expert
- 11:15 – The Importance of Education in Business
- 19:24 – Hiring the Right Tax Professional
- 21:53 – Identifying Financial Leaks in Small Businesses
- 22:25 – Maximizing Tax Deductions: The Importance of Record Keeping
- 26:06 – Legacy Planning: Thinking Beyond the Present
- 27:20 – Choosing the Right Business Structure: LLC vs. Sole Proprietorship
- 35:13 – The Value of Professional Advisors: Budgeting for Tax Help
- 36:40 – Practical Steps for Business Owners: Plugging Financial Leaks
Connect with Roger Pearson
- Website: http://seagulltechnologies.com
- Book: http://seagulltechnologies.com/books
- LinkedIn: http://linkedin.com/in/Roger-Pearson
Mentioned
Disclaimer: Some of the links on this page may be affiliate links, meaning I may earn a small commission if you make a purchase. This helps support the podcast at no extra cost to you.
- H&R Block
- Bill Gates announces plan to give ‘virtually all’ his money away and end the Gates Foundation in 20 years
Want to practice with women who get it?
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