The Hidden Power in Your Financial Reports with Sugey PiedraNov 16, 2023
In this episode, our host Shannon Weinstein sits down with Sugey Piedra, a financial expert with a passion for helping high-earning, service-based business owners achieve long-term wealth through a holistic approach to financial services. Sugey, along with her two sisters and co-founders, runs a business that provides bookkeeping, tax prep, financial planning, and tax strategy all under one roof.
During the conversation, Sugey emphasizes the importance of looking beyond just the profit and loss statement when analyzing your financial numbers. She highlights the need to consider additional expenses when hiring someone and understanding the true cost of bringing someone on board. Sugey also discusses the value of regular financial reports in identifying opportunities for growth and making informed decisions.
Additionally, Sugey offers insights into tax planning and suggests hiring an Enrolled Agent (EA) for tax-related matters over a Certified Public Accountant (CPA). She explains why EAs, with their specialized knowledge and experience in taxes, can provide the same services as CPAs, sometimes at a lower cost. Accuracy and reliable information are also emphasized when working with tax professionals.
Throughout the episode, Sugey shares personal anecdotes from her experience and provides practical tips for shifting your perspective on financial decision-making, anticipating slower periods in your business, and collaborating effectively with your financial team.
If you're looking to gain a better understanding of your financial numbers, optimize your tax strategy, and take control of your financial future, this episode is a must-listen!
You can find the episode, along with our previous episodes, on our website or through your preferred podcast platform.
Remember, the information shared on our podcast is for educational purposes only and not individual tax advice. It's important to consult with a qualified professional for personalized advice.
Thank you for being a valued subscriber and supporting "Keep What You Earn"! We hope you find this episode insightful and empowering.