Show Notes
Think tax strategy is just for April? Think again—this episode dives into how proactive planning, multi-state considerations, and personal client relationships can save businesses big and help them scale smarter.
In this episode of Sterling Insights, guest host Seth Krussman sits down with Joseph Witzig, a seasoned CPA and founder of a thriving multi-state advisory firm. Together, they explore the evolving tax and accounting landscape, sharing valuable insights and practical tips for listeners. Joseph draws from a diverse background—ranging from military intelligence to boutique accounting firms—to discuss the real challenges business owners face when navigating complex tax codes and growth. This episode is a must-listen for advisors, CPAs, and business owners, providing both knowledge and tools to navigate this critical but often overlooked subject.
Key Takeaways:
● 🧭 Proactive Planning Pays Off: Why forecasting taxes and financials in advance can make or break a business. ● 🗺️ Multi-State Blind Spots: How hiring remotely or expanding into new states can create unexpected tax liabilities. ● 💼 The S-Corp Decision: A deep dive into whether S-Corp status actually makes sense—and how to know for sure. ● 🤝 Human First, Virtual Second: Why hybrid accounting firms with in-person options are standing out in a remote-first world. ● 🧠 Experience Over Speed: Advice to aspiring CPAs on why waiting and gaining experience is the best foundation for starting your own firm.
Quotes from the Joseph:
● “We started the firm on the idea of being proactive—not just reacting to what already happened.” ● “One employee in another state can trigger tax filing requirements you never planned for.” ● “The balance sheet matters just as much as the P&L—if not more.” 🔗 Conclusion: This episode highlights the power of proactive strategy, cross-state awareness, and personalized client service—offering a refreshing lens on what modern advisory firms can and should be doing to stay ahead. Connect with Joseph Witzig: Website: https://www.witzigcpa.com/ LinkedIn: https://www.linkedin.com/company/witzig-cpa?trk=public_profile_experience-group-header With Your Guest Host Seth Krussman: Seth Krussman is a seasoned financial advisor and partner at Brayshaw Financial Group, LLC, with over 30 years of experience in entrepreneurship, business development, and wealth management. A Registered Representative and Investment Advisor Representative with Osaic Wealth, Inc., Seth specializes in tax-efficient investment strategies, executive compensation, and succession planning for high-net-worth clients. Based in Hillsboro, Oregon, he is also the nationally recognized co-host of the radio show Money On Tap and an active community leader, husband, and father. Connect with Seth: Website: https://www.brayshawfinancial.com/ Podcast: https://www.brayshawfinancial.com/money-on-tap Facebook: https://www.facebook.com/3Dinvesting/ X: https://x.com/BFG_LLC/New boost
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