The WealthAbility Show with Tom Wheelwright, CPA cover image

The WealthAbility Show with Tom Wheelwright, CPA

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Oct 17, 2024 • 41min

How Entitlements Affect Your Taxes

Your finances could be at stake—learn the truth about the Republican and Democrat tax proposals at Tom Wheelwright’s Town Hall October 16th.The next election could impact your wealth?👉 https://bit.ly/TomsTownHallYT👈 Get all the details at Tom Wheelwright’s live town hall—sign up now : https://bit.ly/TomsTownHallYTJoin Tom Wheelwright as he discusses how entitlement programs affect your taxes with his guest, writer and scholar - Chris Pope.Chris Pope is a Senior fellow at the Manhattan Institute. Previously, he was director of policy research at West Health, a nonprofit medical research organization; health-policy fellow at the U.S. House Committee on Energy and Commerce; and research manager at the American Enterprise Institute. Chris’s research focuses on healthcare payment policy, and he has recently published reports on hospital-market regulation, entitlement design, and insurance-market reform.In this episode, discover how the Democrats are campaigning on a ticket that raises taxes and how America’s entitlement programs have created a working middle class that lives below the standards of non-working elderly.Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/00:00 – Intro. 02:07 - The Big Picture: Entitlements Lower Standard of Living for Working Class.07:51 - Are We Running Out of Money?13:35 - Medicare17:30 - National Healthcare: Good or Bad?22:02 - Lack of Healthcare Efficiency26:04 - Solution: Reign in the Growth Path 32:37 - An Expert's Take On "Tax the Rich!"Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility® **********************************Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/show YouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f ********************************** Resources **********************************Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/******************************** Social Media ********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbilityInstagram (WealthAbility®) https://www.instagram.com/wealthability_now/Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Chris Pope? Website: Manhattan.institute DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Oct 10, 2024 • 38min

4 Types of Collaboration to Grow Your Business

Join Tom Wheelwright as he discusses the power of entrepreneurial collaboration and how it can be the catalyst to growing your small business beyond measure with his guest, CEO and author, Chad Jenkins.Chad Jenkins is the CEO and President of Seed Spark. SeedSpark employs innovative and unconventional methods to uncover unique avenues for growth within businesses. Their commitment lies in actively supporting and growing alongside like-minded entrepreneurs who aspire to make a positive impact locally, nationally, and globally; and they strive to contribute to meaningful growth in the business landscape.In this episode, discover the four types of collaboration and what steps you can begin to take now to grow your business.Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/SHOW NOTES:00:00 – Intro.04:23 - Clients Become Partner Collaborations08:23 - Referral Collaborations14:28 - Joint Venture Collaboration23:10 - Growth Collaboration32:36 - Actionable StepsTom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility® **********************************Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/show YouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f********************************** Resources **********************************Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/*********************************** Social Media ***********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/ Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPALooking for more on Chad Jenkins? Website: https://seedspark.com/Books: “Just Add a Zero: Remove the Film, Outperform Your Competition, and Grow Exponentially through Collaboration” DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Oct 3, 2024 • 38min

Due Diligence in the AI Era

Join Tom Wheelwright as he discusses how small businesses can better decifer the real from the fake by improving their due diligence in the cyber age with author and CEO, Cynthia Hetherington.Cynthia Hetherington, MLS, MSM, CFE, CII, OSC is the Founder and CEO of Hetherington Group, a consulting, publishing, managed services, and training firm that leads in due diligence, corporate intelligence, and cyber investigations. Throughout her career, she has assisted clients on thousands of cases using online open sources and databases, as well as executing boots-on-the-ground operations. She provides specialized training for investigative professionals through the OSINT Academy, and has authored many industry-leading books on conducting cyber investigations, including her latest, OSINT: The Authoritative Guide to Due Diligence: Essential Resources for Critical Business Intelligence, 3 rd  Edition. In this episode, discover how to build a system that helps you and your business to determine what’s real in our ever-increasing make-believe world.Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/SHOW NOTES:00:00 – Intro. 05:00 – Open source resources for hiring.15:00 – Check their reputation.18:00 – Bring in a specialist.24:45 – Quickest results.26:05 – Dealing with fraudsters in your industry.29:34 – How is AI impacting due diligence.32:28 – Reputation firm companies.34:00 – Should I hire a private investigator?Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility®********************************** Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/showYouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f**********************************Resources********************************** Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/ ***********************************Social Media***********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Cynthia Hetherington?Website: https://hetheringtongroup.com/Books: “OSINT: The Authoritative Guide to Due Diligence" 3rd EditionDISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Sep 26, 2024 • 28min

Historic National Debt: Protect Your Assets Now

Join Tom Wheelwright as he discusses why the time is now to protect your assets amidst our historic national debt with investment banker, economics expert, and author of "Seeing Around Corners", Christopher Whalen.Christopher Whalen is an investment banker and writer. He is Chairman of Whalen Global Advisors LLC and focuses on the banking, mortgage finance and fintech sectors.In this episode, discover how inflation, the election, and public policy are increasing risk in our economy, and how our politicians are ill equipped to handle the risk. Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/00:00 – Intro. 02:06 – A Brief History on our Economy.05:43 – Inflation & Deficit: Fiscal policy on steroids.10:00 – Goosing Demand: Harris's "gift" to new home buyers.14:09 – Protect your assets!22:40 – Steps to protect yourself from inflation.Tune in to Tom's Town Hall October 16th for a deep analysis on the economic plans of both candidates. Available on zoom, youtube, and social media.Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility®********************************** Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/showYouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f**********************************Resources********************************** Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/ ***********************************Social Media***********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Christopher Whalen?Website: https://www.rcwhalen.com/, https://www.theinstitutionalriskanalyst.com/Books: “Seeing Around Corners: Achieving Success in Business and Life”X / Twitter: @rcwhalenDISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Sep 20, 2024 • 41min

Career Switching

Join Tom Wheelwright as he discusses the evolution of a business and when to recognize it is time to exit with entrepreneur and investor, Greg Jaggers.Greg Jaggers is co-owner of J&H Livestock located in the Shadows of the Wind River Range, which served as an essential corridor for the Lander Trail which is a spur to the Oregon Trail. His ranch lies along over 6 miles of the New Fork River.In this episode, discover how two entrepreneurs successfully launched, built, and continue to expand multiple businesses. Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/00:00 – Intro. 05:13 – The Beginning: "When things were tight, expand."10:00 – The Challenge: Impact of covid, interest rates, etc.15:12 – The Revelation: Catalyst for change.20:00 – What's Next: "Speed dating" with investor bankers.25:20 – Balance: Juggling growth in multiple businesses. 29:15 – Advice for entrepreneurs on selling & expansion.33:00 – Private Equity Math: What buyers are looking for.Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility®********************************** Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/showYouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f**********************************Resources********************************** Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/ ***********************************Social Media***********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Greg Jaggers?Website: https://jandhlivestock.com/Facebook: www.facebook.com/people/JH-Livestock/100091607241726/Email: greg@jandhlivestock.comDISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Sep 18, 2024 • 49min

State of Multi-Family Real Estate

Join Tom Wheelwright as he discusses where to put your money in the current real estate market with expert and multi-family real estate investor, Brad Sumrok.Since 2005, Brad has personally helped his students purchase over $6 Billion in apartment complexes, involving thousands of investors who have taken his training. Many of Brad’s students began with zero previous investing experience and, within a few short years, hundreds of his mentoring students have retired and/or increased their net worth by over $1 MILLION. Even more are earning double-digit average annualized returns.In this episode, discover the current opportunities and risks of multi-family real estate investing. Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/00:00 – Intro. 05:00 – Syndications & an overview of the multi-family space.10:10 – Anticipating & adapting to market cycles.15:00 – When to make the capital call.20:00 – How to project growth in a deal.24:18 – Boom Market vs. Consistent Market30:51 – How has WFH changed the market?35:22 – Projections & The Election.40:00 – Where are we at 2024 compared to 2008 / 2010?42:45 – Education. Education. Education.Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/********************************** PODCAST: WealthAbility®********************************** Listen & Subscribe on iTunes, Stitcher & Spotify! https://wealthability.com/showYouTube Playlist https://www.youtube.com/playlist?list=PLydsKeyc6R5yuFA9nSBycu9Rj2jfdPN-f**********************************Resources********************************** Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/ ***********************************Social Media***********************************Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Brad Sumrok?Website: https://bradsumrok.com/Instagram: https://www.instagram.com/bradsumrok/Facebook: https://www.facebook.com/brad.sumrok/X / Twitter: @BradSumrokLinkedIn: https://www.linkedin.com/in/brad-sumrok-30402218DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Sep 5, 2024 • 35min

A Discussion with Tax Experts on Loper Bright Enterprises v Raimondo

Join Tom Wheelwright as he discusses how much control the government has yielded over the average business owner with guest, tax expert, and attorney, Joe Bishop-Henchman.Joe Bishop-Henchman is vice president of tax policy and litigation at the National Taxpayers Union Foundation and an adjunct scholar at the Cato Institute. He has worked with elected officials and stakeholders to achieve major state-level tax changes, advised on the interplay between federal and state policy changes, and authored over 100 studies on tax policy and tax law. Bishop-Henchman is a class plaintiff in a major lawsuit against the Internal Revenue Service seeking refund of $300 million of illegally collected fees, and his brief in South Dakota v. Wayfair was cited twice by the majority opinion.In this episode, discover how taxpayers and small businesses will be impacted by the recent changes from the Loper Bright Enterprises v Raimondo ruling.Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
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Sep 5, 2024 • 44min

Power Pricing Your Services

In this discussion, Adam Wallace, an expert and author renowned for his insights into pricing power, shares his wealth of experience from the corporate world. He delves into how aligning pricing with perceived customer value can significantly boost profitability. Adam reveals the importance of understanding client behavior beyond feedback and the need to embody clients' aspirations. He also discusses the 80/20 Rule, how connection enhances the sales funnel, and practical strategies for raising prices without losing customer satisfaction.
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Aug 22, 2024 • 40min

Differentiation vs. Commodity

Join Tom Wheelwright as he discusses how entrepreneurs can succeed in a world full of commodities by using the power of differentiation through discovering their strengths, value, and everything that makes them unique with guest, entrepreneur, CEO, and author of "The Power of Differentiation," - Barry Labov.Barry LaBov is the founder and CEO of LABOV Marketing Communications and Training. He is a two-time Ernst & Young Entrepreneur of the Year recipient and an inductee into the Entrepreneur of the Year Hall of Fame. He is also a Better Business Bureau Torch Awards for Ethics recipient. Under his leadership, LABOV Marketing Communications and Training received the Indiana Growth 100 Award six times, was named small business of the year, and recognized as one of the best places to work. Additionally, LABOV’s client work has been honored with nearly 100 national and regional awards.In this episode, learn how to amplify your uniqueness to build success through meaningful relationships, determine what exactly makes you unique, and key steps you can take now on your entrepreneurial journey.Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
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Aug 8, 2024 • 39min

Build Your Supply Chain Strategy

In a dynamic conversation, Peter S. Goodman, a global economic correspondent for The New York Times, enlightens listeners on supply chain resilience. He discusses the pandemic's impact on pricing and the essential playbook for small businesses. Goodman highlights the challenges of just-in-time inventory systems and how market monopolization affects smaller producers. The discussion also reveals the growing influence of AI in improving supply chain forecasting and identifies strategies for localizing operations to enhance business resilience. A must-listen for entrepreneurs!

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