Financial Strategies from a CPA with George Birrell

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Jay Feldman 0:03
How’s it going everybody and welcome to the mentors collective on entrepreneurship. Today’s episode, I have a very special guest for you. He is a CPA and we are going to be digging into one of the bands of my existence when it comes to business. And that is finance and accounting. Luckily, my partner’s very into it, but I hate the living hell out of it. But I know that it can come back and bite you in the butt if you don’t get it right. So with that being said, I have a master’s degree in taxation CPA on board. He specifically deals with entrepreneurs, freelancers and small businesses, taxes and finances, and we’re very lucky to have them. George Burrell, thank you so much for joining me today.

George Birrell 0:39
Yeah, thanks for having me. It’s crazy times right now. So hopefully we can provide some pretty valuable information to our audience. Absolutely. And it is crazy times. I know from my businesses alone, you know, we’ve gone through all kinds of rollercoasters ups and downs applied for everything that the government throws out, got some didn’t get some and I know a lot of people similar position. And really there’s not many resources, any free resources on how to stay up to date, what’s going on with everything what the status quo is. So hopefully we can put some of those theories to rest on this episode. So with that being said, let’s let’s start with the hot topic of the quarter, I guess, which is COVID relief, small businesses across the country are going out of business across the world, even and our government has put some measures into place and passed several bills to try and get those small businesses relief. And I am not going to do the intricacies of this relief justice. So if you wouldn’t mind stepping in and just discussing a little bit about what our government has tried to do, what they have done, and what seems to be the result of those efforts. First of all, let me preface it by saying that it’s an evolving topic because the It seems the Congress and the laws are changing weekly, but essentially what they’ve done is they’re three main programs and I’ll kind of touch on each one of them. You can ask me what questions you have about each of them. The one that everybody the most popular is the PPP paper. Protection Program. That’s the big one. That’s the one that actually just got changed a week ago. Again, it was essentially meant to protect wages and keep companies from laying off people by giving them loans. And then as long as you use 75% of the loan amount, the loan was forgiven by the government, they just recently changed that to Now you only have to use 60% of the loan amount for for wages. So they’re making it more flexible. So that’s the big one, you have a 24 week period, it previously was an eight week period to keep the payroll going. So they extended that the interest rate is still 1%. So it’s an extremely low interest loan. That’s why a lot of these big businesses I’m sure you heard on the news, how these big businesses like Harvard University and a lot of franchisees were taking these loans that didn’t even really need them because there was such a low interface below market interest rate but they took a lot of bad press. A lot of us companies have paid it back. That’s the big one. You can still use some of the proceeds to pay rent to To pay like utilities and things like that, but 60% of it has to go to for payroll and payroll taxes. So that’s the big one. The next one is the ideal economic injury disaster relief loan. That’s a program that was administered by the SBA that was already in existence. That’s a smaller one, the maximum loan amount on that is 15,000. And that one is the number of employees you had, like, if you had three employees, 3000 of it would have been forgivable as long as you didn’t lay anybody off. So that’s the that’s a smaller one. It’s been harder to get that one. Initially, it was stated that if you got one, you couldn’t get the other. They just combined it. I’ve had clients that have gotten both. So we’ll see how that evolves too. But yeah, some some clients have got both and they haven’t been combined. So the legislation in general was just knee jerk legislation for both of these programs. That’s why they’re constantly involved in because Congress didn’t really know What was going on and they just pushed it out without thinking about it. And then the third option, this is more towards like solopreneurs is to apply for unemployment dependent pandemic unemployment relief, and that’s you just apply through your state unemployment agency, the maximum weekly benefit is $469. I believe that’s at least what it is where most of my clients are in Nevada. So that’s just you just go online and apply through through your state unemployment agency. And it’s intended for gig workers like Uber drivers and and the like, who have just seen like a huge drop off in their business. So that’s probably the least restrictive and of course, it’s unemployment. So it doesn’t have to be paid off.

Jay Feldman 4:45
Yeah, that’s great. I know a couple of my family members actually got unemployment. Me and my partner tried to file because obviously it was open to entrepreneurs. So we all got really excited and gave it a shot. I couldn’t even get into the website. I tried for weeks on end, I had to do like a social security risk. wasn’t working. There’s no one to call. You actually mailed in a paper form and still haven’t heard back. I imagine that’s where a lot of people kind of stand. It said, Yeah,

George Birrell 5:09
yeah, that is that is the state that I’m most familiar with Nevada. I think they had over 400,000 people apply within they opened it up about a week ago, actually about two weeks ago. And they’ve had 400, over 400,000 people apply. And the population of Nevada in the metro area is only about like, maybe it’s 1.5, or maybe 2 million. So man, that’s a huge percentage of third people are trying to get in on that. Yeah, but it’s good. For anybody that file the schedule C’s considered self employed. So really, if you if you see a drop in revenues, and you file this schedule C on either 2018 or 2019, then you can apply Yeah, a lot of my clients they haven’t actually heard back as well. So it’ll be interesting to see what happened. As a sap, but there’s gonna be a huge, huge demand for that. Yeah.

Jay Feldman 6:02
And it’s a crazy thing because that I mean, the government’s trying to get businesses money as fast as possible so that they don’t go out of business and they can continue to pay people as businesses are at a standstill. And I applied for everything I would say in the first week, all three of the things you’re talking about, I didn’t see money until today, and I’m the first of my friends to see any money. And that was the ideal, the ideal, the disaster relief loan did get approved for PPP, but again, that’s still on its way. I think I’ve signed three contracts that they’ve emailed over, and I only just saw the amount but it’s crazy. I mean, I can imagine that a lot of businesses are struggling to keep things afloat while they wait for this money.

George Birrell 6:37
Yeah, that’s true. That’s interesting that you didn’t that you got the ideal money and then you say you’re approved for the PPP. Because initially that they were supposed to be combined. You couldn’t get both but

Jay Feldman 6:49
I may have applied through different companies. Yeah. Okay.

George Birrell 6:53
Yeah, it’s just such a free for all right now, this system or the way it’s set up right now it’s it’s ripe for abuse. So there’s I think there’s a lot of businesses that actually do need it. But there’s a lot of business I think that are going to end up just abusing it and getting money and expecting not to have it be paid back. So we’ll see what happens. I think a year from now, the media is going to look at these programs and just completely show what like a failure it was because it was just knee jerk legislation to try and prop up the economy when I think some of it wasn’t necessary. A lot of it was but it will definitely be abuse. So it’ll be interesting to see how

Jay Feldman 7:31
Yeah, I agree with you. I’m looking forward to the flashbacks that What What a nightmare. This actually has been. So a couple of questions about what we just discussed. The big one for the PPP loan, obviously said 60% of that has to go towards wages and freelancers and solopreneurs can apply for this. Assuming that you have like, I guess contractors and employees, they continue paying the contractors and stuff. Can those wage wages include your own salary?

George Birrell 7:57
That’s a good question, the way wages work. When you’re a solopreneur or Freelancer is you either file as like a sole proprietor where you file a Schedule C you’re not considered an employee therefore you don’t get a W two in that case, I don’t think they’ve really thought about it because I’ve never seen any an answer to that and I’ve had a lot of people ask me that question. So what I tell them is just to use your net profit is your wages and I think they’ll be fine because there’s there’s nothing in the legislation right now that says you can’t do that. But if you’re a somebody who’s formed like an S corporation, which is a separate legal entity, then you pay yourself wages like w two wages, which is what you’re required to do when you form an S corp, then yeah, of course, you’re definitely considered an employee Got it? Yeah, there’s there’s a lot of uncertainty with that too. But what I like I said, what I tell people is just use your net and when they’re applying for unemployment as well just use your net profit is your wages and you should be fine. Cool.

Jay Feldman 8:58
Yeah. And this is tricky grounds. For me to navigate to I’m not sure yet does my own salary count towards those wages? And then then there’s the other expenses, obviously, luckily, PPP allows you to use it towards living expenses, rent, utilities, and several other, you know, essential things that, you know, cover your living, but it’s a very interesting loan. Very, very interesting loan, and we’ll see what happens with that.

George Birrell 9:21
Quick question, Did when you applied for that? Did you apply as an individual and are you legally liable individually? Or did you apply through your business? I applied it. Did they make you sign as an individual though, as far as taking on liability for it, or Yes, okay. All right. Yeah, that’s, that’s what most of my clients have had to deal with as well.

Jay Feldman 9:42
Yep. So we’ll see when when that hits. So for people who applied for the PPP loan, I guess you have a lot of clients who are probably on standby mode as well. What do you tell them to expect in terms of waiting and what’s going on?

George Birrell 9:53
I don’t know. I have clients that have been waiting for over two months. So you just you keep hounding your lender that you that you applied through it’s it’s all done through private lenders. So the PPP, it’s easy just to keep hounding them and then try and get an answer from them the ideal that’s done through the SBA. So that’s a government agency, of course, you’re not going to be able to get through to them. So for that, you just, you just wait just like you have to do for unemployment. You just you’re at their mercy. But luckily, the PPP is done through private private lenders. So it’s a little the customer services a lot better, so it’s easier to get a response. Yeah, there’s no yeah, just keep hounding them.

Jay Feldman 10:32
Yeah, got it. So it’s a waiting game. Everyone’s everyone out there, be patient and then do your best to the money hopefully is coming Hang in there. With that being said, though, that was super helpful. And obviously, that’s the hot topic of the moment, but I can’t I guess there’s there’s not much information out there for people who have applied or in the waiting game, there’s not much to do. You’re at their mercy. You set it as as right as I can imagine.

George Birrell 10:53
Yeah, that’s I just can say that’s what happens when the government just has a knee jerk reaction to something like this. pandemic that they’re not used to dealing with. You just get really horribly poorly written legislation. So,

Jay Feldman 11:07
yeah, you know, you can’t even blame them for 40 million people unemployed government regulated quarantine is just the consequences of all of this. Yeah, you’re right. On another note, let’s change gears and let’s talk about entrepreneurs who might be starting their businesses now. And some of the things that they should be doing to get their taxes and get their finances right, right from the start, so that they don’t have to face any of the consequences of being several years down the road. And all of the their books are a disaster, and they face an audit and everything’s everything screwy. So from the get go, someone wants to start a business say it’s one or two guys. I know every business that I’ve ever started, either been an LLC, or a partnership, which is a form of an LLC, and I only have a very surface understanding of this stuff. I’ve also started a nonprofit organization, a corporation, but where’s the good place to start for new and upcoming entrepreneurs?

George Birrell 11:58
That’s a really good question, and I get that A lot and I’ll give you the I get that a lot from friends too. I’ll give you the answer that I that I tell friends and family members when you’re starting a business. I see a lot of people they spend all this money forming an entity setting up the payroll. Some people spend up to like two grand getting trying to get trademarks and everything. And what I tell my friends and family is open a bank account, start collecting revenue, and once you get over like $2,000 a month come to me and I can do everything you need to do after the fact because it’s just I get so many people that they get all excited they strike. They have up this business idea. They spend all this money setting up the entity getting everything and then they don’t have product market fit. They haven’t figured that out or they haven’t even found a market for what they’re selling or the service they’re providing. And they ended up just wasting it. The business never goes anywhere and they’ve wasted 1000 2000 sometimes thousand dollars. So I tell them just to open a bank account, start collecting revenue, I guess the official answer, what you would tell like a client that came into you is you should probably set up an entity for personal liability protection purposes. And also, once you start making over about 20 or $30,000 a year, if you don’t have an entity, you’re going to be taxed with self employment, which is an additional 14%. So if you set up an entity and structure it properly, you can usually cut that in half at least. So in the long run, that’s what every business person should do set up either an S corp, or a partnership and structure to the point so that you’re not having to pay self employment taxes. And then as you get bigger and bigger, there’s other implications with tax that you need consulting on. But yeah, that’s kind of the the two answers I have.

Jay Feldman 13:52
Awesome. And yeah, my kind of recipe every time I started a new business is I go on and I make a sign up for the LLC. It’s a couple hundred bucks, sign up for an IA number using that LLC document number. That’s the tax ID number from the government. And then you take those two items, you bring them to the bank, you have a business checking account, and then boom, you’re good. As far as I know.

George Birrell 14:12
Yeah, exactly. You’ve got the perfect formula worked out. And then once you start making money, then you form a relationship with a CPA, and you can you can structure it going forward. But yeah, you just do the bare minimum and start collecting revenue, and then go from there. Because like I say, everything can be done after the fact.

Jay Feldman 14:31
Absolutely. And lucky for me, my father is a CPA, and he’s been very generous with his time, but not everyone has that as their relationship. So that’s awesome. You should definitely find a CPA, I still don’t know how to do my taxes. Everything in the world that I’ve learned and I still don’t do my own taxes, which I’m kind of ashamed of.

George Birrell 14:47
That’s actually good. You shouldn’t be doing your own taxes. That’s a big part of our business. We get people who there’s so much information out there. They think they can do it themselves. They think they can form the entity they don’t file the project. For papers with the IRS and they do it wrong and they ended up wasting, like however much they’re making an additional five or 6000 in taxes sometimes I have clients come to me that have overpaid because they didn’t structure it properly. Once you start making money and actually have profits, you definitely want to get in touch with the CPA to guide you. So you’ve optimized your your CPA, you’re in a good situation.

Jay Feldman 15:26
I appreciate that. I think it might be time for an upgrade soon with everything that’s been going on. But yeah, like my mentor said, Don’t cheap out on a lawyer and don’t cheap out on a CPA. Those two people are going to save you money in the long run. Oh, yeah,

George Birrell 15:36
Sure. That’s huge. Yeah, all the time that I can I save a lot of money. So it makes me happy, but they’re not too happy about it.

Jay Feldman 15:45
So that’s the end goal, right is to save your client money, you’re paying for somebody to save you money. And if you hire the right guy, they’re gonna they’re gonna do it. And it’s one of the only things you can really say about that, like, drop that line that you’re paying them to actually save you money in the long run. so worth it Yeah

George Birrell 16:00
yeah and and I always spell out exactly how how much money we’re we’re saving you versus how much we’re charging you and it’s it’s very rare that whatever we charge is in at least like a third of what we save them so

Jay Feldman 16:17
that’s barring any nightmares happening in their future if they didn’t hire you like a an audit or something horrible I haven’t had to deal with any of that luckily I’m knocking on wood right now. But you never know the other question that I had for you. You mentioned s corpse Can you give us a one minute breakdown of what an S corp is and why a small business owner should be aware of them.

George Birrell 16:35
An S corp is actually you fought you file the corporate the corporate charter with whatever state you’re in, or you can do it with in any state. Right now. The popular state is either Nevada or Wyoming but an S corp is really just an election with the IRS for the corporation that with that you have formed so you elect S corp status which essentially make your corporate entity not taxable and all the income flows through to the owners personally so with a corporation Corporation subject to corporate income tax, and then if you have owners when they get dividends, those dividends are subject to taxation. So if you form a corporation, you’re essentially paying double tax. So the government to remedy that for small businesses and you have to have less than 500 owners to be an S corp, they created the S corp status where it’s essentially treated like a partnership and the income doesn’t isn’t taxed at the corporate level flows through to the individual. So and then one step above that is you’re required to pay yourself a reasonable wage as an owner, which is extremely subjective. So say you’re an S corporation that the the net profit in the Corporation was 100,000 and you paid yourself a salary of 50,000. And that salary that you pay is subject to fica and Medicare, you pay 50% which is roughly 7%. And then the corporation pays 50%, which is roughly 77%. With S corporations, the wages of the 50,000 would be subject to that 15%. But the other 50,000 of net profit would flow through to you but would not be subject to self employment tax, if that makes sense. Interesting. I actually didn’t know that.

Jay Feldman 18:22
What is the downside of an S corp LLC,

George Birrell 18:24
the LLC is taxed as a partnership, and you can actually even elect for an LLC you can even elect S corp status. But normally an LLC, is taxed as a partnership. See, the IRS only recognizes three types of businesses, they recognize corporations, they recognize partnerships and they recognize sole proprietors all these LLC s and professional LLC s. They’re what they are is called a disregarded entity. So they default to either a partnership if there’s more than one member or a sole proprietorship if there’s only one member. So back to your original question and S corp, the excess earnings beyond what your reasonable wages were, aren’t subject to that additional 15% self employment tax where as a partnership, a partnership files a 1065, the earnings of that flow through to you and they are subject to the additional self employment tax, which is 50%. So as corporations is, in 90% of the cases, the preferred entity to file with the IRS.

Jay Feldman 19:28
Interesting, is that a special filing or designation that you have to elect and is there any…

George Birrell 19:32
Yeah, exactly. Yeah, you have to elect it. You have to fill the second month of the of the tax year to elect it. It’s easy to elect you just fill out a couple forms and send them to the IRS and you get a confirmation and then from then on, you’re treated as an escort. You’re not treated as a corporation or a partnership. Oh,

Jay Feldman 19:51
I’ll be done that in January for all of my businesses. That is very Yeah,

George Birrell 19:54
I wouldn’t be surprised if you’re you say your father’s a CPA. I wouldn’t really do price if he’s already done that for you.

Jay Feldman 20:02
Yeah, no, it’s possible. That’s a great thing for me to talk to him about. If he hasn’t, I’m gonna, I’m gonna yell at him for sure.

George Birrell 20:07
Yeah, no, he’s CPAs. That’s, that’s pretty standard operating procedure for them to do for their clients. So awesome. So that’s roughly Yeah, a lot of our business comes from that converting customers who thought they could do it themselves and just didn’t understand the law. And then they file their taxes, they have a $15,000 tax liability. They don’t know why. So they come to us and we can’t do it after the fact. But going forward, we can we can fix it. Save them. Thousands. So

Jay Feldman 20:38
Yeah, so January, February comes around, and this is what entrepreneurs should do.

George Birrell 20:41
Yes, exactly. If they haven’t done it yet. Yeah.

Jay Feldman 20:44
Talk to your accountant. Get that S corp status. That’s Yeah, I look for little gold gold nuggets in each episode that we’re going to highlight and really give back to the to the listeners. And that’s definitely one of them. So thank you for sharing that. Sure.

George Birrell 20:57
Yeah, I mean, that’s accounting 101 NBC Almost considered malpractice for a CPA not to tell a customer to do that.

Jay Feldman 21:05
Yeah, I think so. It’s one of them. Your father, I guess, maybe he probably just

George Birrell 21:10
Yeah. Well, that. I would imagine he did. Yeah.

Jay Feldman 21:14
Anyways, changing gears again, new businesses. And this is something that we’re still struggling with, which is bookkeeping. I know a lot of accountants don’t do the bookkeeping as just an bookkeeping, kind of just going through all the transactions and categorizing them and reconciling them. Where would you suggest a good place to start is for sole proprietors, entrepreneurs and small business owners to start and kind of live in their in their bookkeeping returns.

George Birrell 21:37
If they’re just like a sole proprietor and making like under 100,000 revenue, they can probably do most of it themselves. So the bookkeeping industry is in major fluctuation right now. It used to be like a you could go to a mom and pop CPA and get bookkeeping service. But now it’s all going online. It’s going virtual. There’s companies like TurboTax as well into what has QuickBooks, there’s zero. There’s a company that I really like called les accounting. They’re all just online bookkeeping software that you can do it yourself. It integrates with your with your bank account, you code the expenses, and then it usually spits out a report every month or every quarter, depending on how you set it up. That’s probably the first step. And then if you get bigger, there’s actual virtual CPA or virtual bookkeeping firms, like benches, one of them and then there, there’s a lot of others. I can’t think of anything off the top of my head right now. But once you get to that level, you’re probably over 100,000 in revenue and you need somebody that can do like a more thorough reconciliation of your banking activity. That’s kind of the the way that industry is evolving. So the days of the mom and pop bookkeeper where you can just go to your main street and walk in and hand them 12 months worth of bank statements is pretty much over.

Jay Feldman 22:57
Thank God for that because I hate numbers. I’ve been doing bookkeeping on we use wave. It’s a free platform that’s evolved a lot over the past couple of years.

George Birrell 23:07
Yeah, I’ve heard of that one.

Jay Feldman 23:08
Yeah, I like QuickBooks, but it’s it’s like 70 bucks a month for what we what wave does for free. And it’s a cleaner user interface. So I mean, yeah, like you said, it’s evolving very quickly, and very well. It’s amazing what the software can do. How diligent? Would you say that small businesses need to be with their bookkeeping. And have you seen anything bad happen with improper bookkeeping.

George Birrell 23:29
Again, it just depends on how big you are. If you’re, if you’re a smaller, single person shop, you can do it. A lot of people that are in that the single person under 100 grand in revenue, they tend to mix their business account with the personal account. So say they’re, they’ll be out taking client out to dinner, and they’ll accidentally pay with their personal instead of their business card. Unless they go back and reconcile both accounts. They tend to miss a lot of expenses when they do stuff like that. So I think that’s the big The big thing that that small business people should watch out for is is creating a clear path between your personal expenses and your business expenses.

Jay Feldman 24:09
And I’ve been guilty of that several times over. Awesome, thank you. And this episode, I would love to ask you to share some of your top three financial mistakes that you see your clients and new entrepreneurs making. And then also a couple of your top golden nuggets for them to take away from this, whether it be bookkeeping software, accounting hacks, like we just shared with the S corp, or just some simple financial tricks.

George Birrell 24:34
The top three mistakes I would say are things we’ve kind of already touched on, but just being diligent or having a program or a setup to where you can track all the expenses you make because as a solopreneur, you’re not to the point where you need like a full a full scale bookkeeping system. So you need to make sure you have a system down to track everything throughout the year and even with mileage There’s a lot of apps you can use an app that I recommend a lot is tax bot where you can track your expenses, you can take a picture of like, say you’re out with a client, you can take a picture of the receipt, and it’ll log it in. And then you can also track your mileage. So setting up a good system, those, there’s a lot of software for that that helps is probably the biggest mistake. And another mistake is once you start making over like 20 or 30,000 a year, you’re gonna get killed with self employment taxes. So if you’re not properly structured and have an elected S corp status, then you’re just wasting, you’re throwing away a lot of money that you shouldn’t be. So establishing a relationship with with a CPA, get good consulting to where you can know exactly how you need to be structured. That’s kind of what our my virtual platform is set up for. We make it really easy for a solopreneur to establish a relationship with a CPA. It’s all done virtually it’s way more efficient, and it’s a lot cheaper. So that’s another mistake. And then I would say With the within this current current environment with the pandemic not being flexible and serving your customers, which means you should probably be setting up a system to where you can interact if you’re a service provider where you can interact with your customers nobody knows really how long this is going to go on this may be the new norm we don’t know yet. So establishing a protocol or regime to where you can interact with your customers remote remotely. I think that’s a big something that a lot of these solopreneurs need to really focus on. I mean, if you’re some if you’re in like the travel industry, obviously that doesn’t work. But if you’re in like the professional services industry, like tax accounting or or legal, there’s a tremendous amount of stuff you can do to set that up. So that’s another thing people need to be focused on.

Jay Feldman 26:45
So the last one I wanted to end with was some golden nuggets of information for new entrepreneurs out there in terms of their finances and accounting, just like the S Corp. If you have anything else like that of enormous value would love for you to share.

George Birrell 26:56
There’s a tremendous amount of this is just with Anybody have tricks that a CPA can help you with? Like, you can actually hire your children and pay your children as long as they actually do services for you like clean up or I don’t know, do marketing or reconcile the books, whatever, you can actually hire your children. And because you’re at a much higher tax bracket, then your children would be you can get the deduction. And they they’ll be though they’ll be tax free. And you can do that, depending on how many children you have. You can. I’ve saved clients over like three or $4,000 just telling you them to do that. That’s what benefit I should say is of working with the CPA, you get little tricks like that. There’s another trick that CPAs use where you can actually if you have a corporation, you can rent your house out to the Corporation for less than 14 days a year and get the deduction on the corporation side and not have to pick up the income on the personal side. So say you own a corporation and you need to have monthly or quarterly corporate meetings. You can find out the market value of your house using like a platform like Airbnb, have the corporation pay you personally, the value of that for renting it for one day and get a deduction for that. So that’s another trick that I’ve saved a lot of customers. Wow, those are awesome.

Jay Feldman 28:15
Especially the hiring of children. That’s very interesting. Well, let’s, uh, talk to you a little bit more about that afterwards. Yeah. But yeah, on that note that that’s an awesome way to end and really appreciate all the the wisdom that you shared in terms of finances and accounting. And for anybody out there who’s interested in hiring an accountant or has some general Tax Questions about their business or their finances. George is on get tech at get Tech’s hub on social media. I’ll be linking all of his socials in the description and caption of this podcast episode, so please reach out to him. He is an awesome CPA and he will definitely be working with you in the future. George, thank you so much for for being a being an awesome guest for me today.

George Birrell 28:55
Yeah, thanks a lot. I just want one quick shout out or a plug for myself. Just go to our website and you can book a free five minutes CPA chat you can just establish a relationship that way it’s it’s no obligation no cost. You just go to the website book the time, and myself or another CPA can call you and answer any quick questions you have.

Jay Feldman 29:16
That’s huge. Thank you for offering that to the listeners that that’s awesome. Thanks again, George. Yep. All right. Thanks a lot. Have a great day and mentors collective. We’ll see you on the next episode. Thank you so much for watching this episode of the mentors collective. This is Dr. Jay Feldman. And I just wanted to take a moment to thank you so much for your support, and also ask you for a little bit more. If you can take the next 10 seconds and write us a review on iTunes, Google Play or Spotify should let me know your feedback. It means the world to me again, thank you for watching. If you love this episode, please share it with your friends. Share it with your family. Until next time!

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