CCT Episode 028: Rich Inglis Talks 2019 Tax Tips

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On this episode, we talk to Rich Inglis of Paradigm Tax Consulting in Brentwood, CA about 2019 taxes and filing. Rich specializes in advanced tax planning strategies, tax preparation for small businesses and tax resolution and representation.

  • 00:42 – Intro of Rich Inglis
  • 01:42 – What should people begin preparing for & things people do not think about when preparing for taxes? Importance of making sure all the right boxes/exemptions are selected on tax forms. Touching on the impacts.
  • 03:44 – After a year of the Trump Tax Plan, how have things changed and the impacts. Such as itemized deductions and mortgage interest tax, charitable deductions. Impact of this on the Bay Area.
  • 06:07 – Ignoring the rhetoric, has it become easier or harder for people to do taxes? Importance of using a tax expert.
  • 08:48 – Importance of tax planning. Bigger cuts/benefits to corporations.
  • 09:40 – Preparing for taxes, what are some examples of people changing their withholdings? 10:55 – how apps are helping business owners track mileage.
  • 13:32 – How retirement planning can impact taxes?
  • 14:18 – Why should people hire a tax professional?
  • 18:17 – 3 tips for 2019 when filing taxes.
  • 20:19 – Rich talks about his services and what he can offer.