In this week’s episode of Stand Out, How To Grow Your Organizational and Productivity Practice, host Sarah Karakaian talks with CPA Eric Levenhagen about the new tax law and how the right tax professional can help grow your business.

As a business owner, you probably started out with certain skills, a set of knowledge, and above all, passion for what you are doing. But did you understand the money? Guest Eric Levenhagen finds in his financial coaching business that entrepreneurs have tons of passion, but often don’t have a clear enough understanding of the money side of the business.

This year adds a new money-wrinkle. How frustrated do you get in a “normal” tax year? Well, buckle up because the new tax laws are in effect and many tax professionals are just catching up with what all this means for individuals, solopreneurs and businesses. What’s deductible? What should I count in my personal taxes? What about my business taxes?

Levenhagen doesn’t think this should be such a roller coaster ride. Confusion about the new tax law should not stop you from taking advantage of the savings to be had. The right tax professional can help guide you through the process and beyond the tax preparation treadmill.

The goal is to have a tax strategy that takes you beyond gathering receipts and checking boxes on this year’s tax docs. Running your business better, saving on individual taxes and business taxes – these are the ways a tax strategist can help you look to the future, rather than just slogging through this tax season.

The conversation between Sarah and Eric goes in many directions, but the bottom line about taxes: don’t panic! You’ll learn that staying legal, ethical and saving you tax dollars – these are not contradictory goals! Understanding the law AND your business are what a good tax professional should be all about. With the right guidance, you can think more strategically about your business, your money and your tax obligations.

There’s much more packed into the interview – be sure you take a listen. To check out the podcast and subscribe so you don’t miss an episode, visit: https://napopodcast.com/

Eric Levenhagen is a CPA and owner of Prowise Financial Coaching. Eric’s mission is to empower entrepreneurial abundance. To that end he leads small business owners through a proven process to drive permanent profits into their business, minimize their personal income taxes and maximize their after-tax wealth.  His insights can help any business owner looking to save on taxes and take a longer, more strategic view about their business.

Early on in his career, Eric identified that most of the financial services industry is broken and not built to get entrepreneurs the best results. Outside of the office, Eric enjoys spending time with his wife and kids. His hobbies include reading, following college and professional football, and music.