Mar 29, 2023
This week’s episode of the Grow Money Business podcast features Wendy Barlin. She is an accountant for a CPA and worked in different accounting firms before starting her own firm after her move to Los Angeles. In today’s conversation, we talk about minimizing business owners’ taxation, handling cash, entity structure, and more.
[02.22] Wendy’s background – Starting the conversation, Wendy shares her story of moving to America in 1997 and how she worked hard to start her own firm.
[06.37] Reasonable compensation – Wendy defines reasonable compensation and how she helps people decide a reasonable compensation on the basis of industry to industry.
[14.34] Distributing cash – We talk about how business owners should think about taking money out of their business account and putting that cash on a personal bank account.
[23.29] Collaborating – Wendy shares how she collaborates with her clients.
[30.00] Attracting newcomers – We talk about why attracting newcomers to the accounting industry is a challenge.
[37.11] Observations – Wendy shares her observations of the financial advisory industry at present.
Resources
Book by Wendy Barlin
NEVER BUDGET AGAIN: 5 Simple Strategies to Manage Your Money Without a Budget Kindle Edition
https://www.amazon.com/dp/B08CT37DB1/ref=sr_1_1
That’s Deductible!: Simple Tips and Tricks to Find More Business Tax Deductions
amazon.com/Thats-Deductible-Simple-Business-Deductions/dp/1692760025/ref=sr_1_1