🔗 LINKS
Join the group coaching program and Master Construction Cash Flow with Profit First
Visit the episode page at for more details and a transcript of the show.
Get Profit First for Commercial Construction--OUT NOW!
ℹ ABOUT THIS EPISODE
Are you running a charity for your subs and suppliers? If your construction company can't afford to pay you a fair wage, something's seriously wrong.
Wade and Stephen break down the critical balance between underpaying yourself (martyr syndrome) and overpaying (cash flow killer). Learn about S-Corp reasonable compensation rules, the 20% qualified business income deduction, and how to structure your pay for maximum tax benefits while building long-term wealth.
Subscribe to get notified as soon as new episodes go live.
⌚️ Key moments in this episode:
- 00:41 Exploring the Concept of Profit First
- 03:21 Understanding Business Structures and Compensation
- 07:54 Tax Implications and Reasonable Compensation
- 11:47 Balancing Personal and Business Financial Goals
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies!
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!