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The Jeff Trapp Podcast

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  • Are We In A Recession? August 17, 2022
    Join us for The Jeff Trapp Podcast, where Jeff will cover the economy and dive deeper into the GDP decline, the risk of a recession, or whether we are already potentially in one despite what you’re hearing in the public or virtual square. You’ll also gain some insights into surviving and thriving during a recession. […]
  • IRS Small Business Audit Expansion August 10, 2022
    In this jam-packed episode of The Jeff Trapp Podcast, Jeff piggybacks off of the last episode "Inflation Reduction Act Explained." This time around he'll cover the new bill and how the government plans to raise revenue through small businesses by increasing IRS audits. To say that this bill may potentially deliver quite a stinger to […]
  • Inflation Reduction Act Explained August 3, 2022
    Inflation is currently affecting everyone. In June, inflation jumped to 9%. This has resulted in us spending more than last year on our purchases. Software costs are rising, wages are rising, and everything is generally going up. As a result of rising inflation, Senator Joe Manchin and Senate Majority Leader Chuck Schumer recently announced a […]
  • Tax Law Update: Bonus Depreciation July 27, 2022
    Today Jeff Trapp, founder of The Tax Planning Pros, shares changes happening with the Bonus Depreciation when 2022 comes to an end. The Bonus Depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets rather than writing them off over the “useful life” […]
  • What is Tax Planning? July 20, 2022
    Many business owners are convinced that tax planning and tax preparation achieve the same results. In spite of this misconception, tax planning which takes place throughout the year can reduce taxes more effectively than waiting until taxes are due. In this episode, Jeff Trapp founder of The Tax Planning Pros unravels the nuances of tax […]
  • Tax-Free College Money for Kids July 13, 2022
    As a business owner, there are tax strategies that you can use to provide tax-free income to your kids as a way of covering college expenses. So, today on The Jeff Trapp Podcast, Jeff covers smart ways that you can provide tax-free funds, or in other terms shift income towards your kids who are in […]
  • Make Summer Camp Tax Deductible. Hire Your Kid's! July 6, 2022
    Do your kids constantly complain that they are bored? Well, why not put them to work for your business. Yes, you can legally hire your children who are under 18 years old. This week Jeff Trapp, the founder of The Tax Planning Pros and father of five boys, discusses the tax strategies you can tap […]
  • Hangry From Missing Meal Deductions? June 29, 2022
    Planning to golf and lunch with a friend or colleague to tee up for a business venture and wondering how you can deduct the outing as a business expense rather than eating the cost? Well good news, Jeff covers the do’s and don’ts for business meals, including what you can and cannot deduct, what qualifies […]
  • Creating Cash Flow With Your Car Expenses June 22, 2022
    Trying to figure out the best way to deduct your vehicle expenses? Here, Jeff Trapp explains the different routes you can take when it comes to vehicle expenses and provides examples of how each strategy can work in your favor. Tune in to hear which could work best for your situation. UPDATE: Since this podcast […]
  • Unpacking Road Trip Write-Offs June 15, 2022
    Summer is a great time to take a vacation. Maybe you're wondering if you can deduct a family vacation or a vacation with friends as a business expense. On today's podcast, Jeff reveals what qualifies as business travel, who you can take a deduction for, as well as other examples for taking the business travel […]
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