Diane Gardner guest starred on the amazing podcast, Six Figure Side Gig “What You Don’t Know About Your Tax Bill” – with Dr. Mark Costes
Diane is the owner of a public accounting firm, a certified tax coach and a bestselling author. Prior to becoming a tax coach Diane focused on tax preparation from a compliance perspective. As a certified tax coach Diane now provides proactive tax planning and strategies. During our conversation she shares some of the biggest and most costly tax mistakes made by entrepreneurs. Diane explains the relationship between entity type, business type and tax liabilities. She also shares tax saving opportunities for family members as employees. We discuss how a side gig operational loss can be a deduction for your main gig and when that might become a liability. Finally, Diane reveals some of the “red flags” in tax preparation that get the unwanted attention of the IRS.