More Money in Your Pocket

In this episode, we dive deep into: Planning for retirement: transitioning from accumulation to distributionUnderstanding Roth conversions and their tax implicationsDiversifying investments to manage risk and maximize returnsProtecting your retirement with a volatility shield"Diversification, to me, also means that we have our assets segregated into a number of different buckets. Some of those are fully taxable, some of those are tax-deferred and taxable later, some of those are not taxable."  – John EnsleyAbout John Ensley:John Ensley is leading a financial planning revolution to help you take back control of your money, your lifestyle and your retirement plan. John is president of J-Ensley Financial, a registered investment adviser firm in Washington State. He holds a Chartered Financial Consultant® and National Social Security Advisor designation and is one of an elite group of highly trained Bank On Yourself® Professionals. John is passionate about helping individuals, families, and small businesses succeed financially, without taking on unnecessary risk.Connect with John Ensley:Website: https://retirewellwithjohn.com LinkedIn: https://www.linkedin.com/in/johnensley/Facebook: https://www.facebook.com/JEnsleyFinancialTwitter: https://twitter.com/johnensley Connect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: End-of-year strategies to maximize tax savingsHiring your kids to save on taxesBenefits of health savings accounts and Roth IRAsAvoiding common tax penalties and misconceptions"Over the years, I have found that most people put things off until the last minute. Well, if that is you, then you only have a couple of weeks left to finish out the 2024 tax year." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Understanding payroll tax letters and deposit schedulesRecognizing the importance of S Corporation election lettersNavigating adjustment, audit, and penalty lettersEnsuring compliance with address change and identity verification letters"This time of year, the IRS and the state will send letters to a lot of business owners, and these letters are very important, so it is very important that you open them to see what's in there." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: The importance of opening IRS lettersHow IRS systems generate letters and common issuesUnderstanding stimulus payments, tax credits, and payment adjustmentsWhy timely action on IRS correspondence matters"The IRS isn’t going to just forget about you or the issue that generated this letter in their system." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: The value of time and how to use it wiselyPrioritizing health as a business ownerCreating a quiet mind to reduce stress and anxietyEmbracing travel and meaningful relationships for a fulfilled life"Stop focusing on those luxuries and pay more attention to these six: your time, your health, a quiet mind, slow mornings, ability to travel, and a house full of love." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Determining your true hourly rate as a business ownerTracking time and tasks for effective managementUnderstanding the impact of admin tasks on profitabilityLeveraging numbers to make strategic business decisions"I highly doubt you would want to work for me or anyone else 80 hours per week and get paid for only 40, so why should your business be any different?" – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Knowing your value and setting boundaries with clientsTracking expenses to understand profitabilityRecognizing the true costs of "free" consultationsThe importance of hourly rate and time management for business success"Making money should be your number one goal. When you’re a business owner, if you don’t know your numbers, then chances are you’re being sold out and not making what you should." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Overcoming fears in business and personal growthRecognizing the impact of daily habits on successThe risks of relying on bad adviceUnderstanding the P&L as the lifeline of your business"Your future is going to change. The economy is going to change. The only way to be prepared is by reading your P&L and understanding the money that’s coming in and the money that’s going out." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Roth IRA conversions and tax strategiesBuilding wealth through rental properties and 1031 exchangesUnderstanding depreciation and its tax benefitsLong-term planning for estate protection and retirement"Wealth building is a process that takes time, and you can’t take a shortcut." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Long-term planning for retirementThe benefits of Roth IRA vs. Traditional IRATax planning for retirement incomeUsing a Health Savings Account (HSA) for future medical costs"Building wealth is a long-term goal and not saving a few dollars." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Preparing for the fourth quarter of your businessThe importance of tracking net income vs. gross incomeUnderstanding when to switch to an S CorporationHow to save on self-employment taxes with proper planning"The profit loss statement is your lifeline. If you want to put more money in your pocket, you will need to keep your finger on that net income at tax time." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Understanding the W9 form for business ownersThe distinction between being self-employed and employedSteps to correctly complete a W9 formImportance of using an EIN number for business protectionConsequences of incorrect W9 filing"Completing the W9 correctly can be the difference between putting more money in your pocket or putting more money in the IRS pocket with fines and penalties." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Building consistency in bookkeepingUnderstanding profit and loss for business successThe importance of staying engaged in your financesThe power of referrals in real estateNavigating business challenges with proper tax planning"When you do things consistently when you create habits, it's going to be more beneficial to you." – Mark CannonAbout Mark Cannon:Mark Cannon is a top-tier real estate agent in the Phoenix area, ranked among the top 5% of Realtors. His approach to real estate is centered on one key goal: making his clients so happy with their experience that they naturally refer him to their friends and family. Mark believes in building long-lasting relationships based on trust, integrity, and transparency.With a background as a trained negotiator from a Fortune 50 company, Mark leverages his skills to ensure his clients achieve their real estate goals, whether buying, selling, or investing. He is committed to staying informed by studying strategic real estate data and trends on a weekly basis.Mark’s client-focused approach includes a unique Client Appreciation Program, and he places the relationship above any transaction. By taking the time to truly understand his clients' wants, needs, and goals, he ensures that they are taken care of every step of the way.Connect with Mark:Website: https://benchmarkforecast.com/ Instagram: https://www.instagram.com/m_cannon888/ Connect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Five things to quit for business successEmbracing change in businessLetting go of overthinkingManaging client expectationsThe impact of tax planning"Our minds are the most powerful part of our body. If you channel positive thoughts and have big dreams and goals, then there is nothing that can stop you." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Controlling what we can't controlManaging perceptions and actionsDealing with change and people's beliefsFocusing on controllable factorsTax planning and taking control"Taxes are out of our control as well, but with proper planning, we can make it a better experience." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into: Labor day reflections and business ownership challengesThe 80/20 rule in health and exerciseSetting boundaries and work-life balanceAchieving goals and persistenceUnderstanding and applying the 80/20 rule"Success, freedom, and higher income means you have to understand the 80/20 rule." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In our latest episode, join host Jeff Hockett and guest Tilden Moschetti as they delve deep into the intricacies of real estate syndication, discussing:Tax strategies in real estateUnderstanding Regulation D and investor rolesLegal and consulting services for syndicatesAssessing risks and returns of syndication investmentsAsset protection for real estate investorsPitfalls in real estate investment and underwritingAlternative investment advantages"I think a good investor would also want to look at the investment, through the sponsor's eyes, to kind of understand that there's certainly no secrets that should be kept from investors when they're going into a deal." – Tilden MoschettiAbout Tilden Moschetti: Tilden is a securities attorney who helps fund managers, venture capitalists, and syndicators (of all deal types and sizes) ensure their deals are legal, their custom-drafted documents are SEC-clean, and their business models work. He has been practicing securities law for over twenty years. As a Syndication Law and Private Placement Memorandum attorney at Moschetti Law, his firm specializes in providing expert legal guidance for raising capital through Regulation D. Our services cater to various sectors, including real estate, entrepreneurs, crypto-businesses, and private equity. They pride themselves on preparing customized, attorney-drafted private placement memorandums, operating agreements, and subscription agreements. Their primary focus is to ensure compliance with Regulation D, allowing you to navigate the capital-raising process confidently and successfully.Connect with Tilden Moschetti: Website: https://www.moschettilaw.com/ YouTube: https://www.youtube.com/@syndicationattorney Connect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into:Tax rules and savings opportunitiesNavigating offers in compromise with the IRSFinancial missteps of business ownersTax liabilities for W2 vs. business owners"Understanding the intricacies of tax rules can not only prevent headaches but can also lead to unexpected savings and financial growth." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into:The differences between short-term and long-term capital gains across various assetsCommon misunderstandings about tax exemptions for personal and rental propertiesGuidelines on carrying forward losses to offset future gains during tax filingsThe methodology for calculating capital gains upon selling a home, the nuances of personal vs. rental properties, and the impacts of depreciation recapture"Understanding capital gains tax is crucial for making informed financial decisions and optimizing your tax outcomes." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

In this episode, we dive deep into:Understanding 179 depreciationMaximizing real estate tax benefitsDebating cost segregationCustomized financial planning and tax strategies"Effective tax strategy is not just about saving money now, but planning your financial future." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/