Taxes and Best Business Practices with Fred Martin, CPA – 001

Your Business Money! Is it all yours?

Probably not. Uhh… Taxes! Yep. Major Bummer.

But it can be better. If you take control. Listen in with Fred Martin and I – as we tackle taxes shmaxes.

Our podcasts are interviews between Justin Krane, Krane Financial Solution’s President, and various professionals, one or more of which are or have been Krane Financial Solutions clients. However, nothing stated within the podcasts should be considered a testimonial or endorsement of Krane Financial Solutions or Justin Krane, and the professionals have not been directly or indirectly compensated for being interviewed.

Fred Martin is the CFO of Winningham Becker & Company. Has been with Winningham Becker & Company for 27 years and has been a partner for 12 years. Fred specializes in tax planning and preparation, business management, and consulting for high net worth individuals and companies. He also offers his clients Business Management services and runs the day to day operations of their lives.

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Managing Employees

Employees are our biggest assets within our company.
Always make sure you hire the best people and take care of them appropriately.
Fred offers flexibility with his employees where they can come and go as needed, or have a stand-up desk, or work from home opportunities.
His company also brings bagels on Fridays or takes lunch and dinner orders during tax season when people are working extra hard.

Hiring the Best

You have to follow your gut feeling when interviewing and hiring.
Sometimes people don’t work out after 6 months or a year, it’s a hit or miss process.
Luckily, Fred has hit more than missed by going with his initial feelings on employees.
You want to find the great people who will do the work and help the whole team to succeed.

Connecting with Clients

Customer service is so important.
Make sure to follow up on emails and make people feel valued.
Even when you’re off work, let people know that you will get back to them first thing in the morning.
Clients love and appreciate that level of service.

The Most Important Thing I’ve learned About Money

Don’t spend more money on stuff you don’t need.
People often ask how they can get more deductions. Fred advises that you not spend more, so that you can save.
You want to have something for retirement or something to leave your children or grandchildren.
Save 10% per year for retirement and you will be doing great.
Also, with tax laws that continue to change, we have to keep learning. Fred takes lots of CE classes.