121 Your Books Are Caught Up... Now What? Tax Strategy and Building Wealth with Emily Bowie

Today I'm sitting down with Emily Bowie, one of the partners at Thorne Advisors, and y'all... this conversation is SO good. We're talking about what happens AFTER your books are clean, why profit doesn't always equal cash, and how to know when it's time to bring a tax strategist into your corner.

In this episode, we cover:

The red flags that you've outgrown basic bookkeeping and need a tax strategist

What tax strategy actually is (and why it's not the same as just filing your taxes)

Questions you should ask before hiring a CPA

Why your bookkeeper and tax person need to actually talk to each other

The S corp breakdown you didn't know you needed, including when it actually makes sense to make the switch

Why a good tax pro will never make you feel like you're in the principal's office

The S corp tipping point:

Emily drops a really helpful rule of thumb here. That S corp conversion makes sense when your profit (not revenue!) hits $100k. Not $40k, not $60k. She explains why making the switch too early can actually create more headaches than it solves.

Questions to ask when interviewing a CPA:

Do you offer tax strategy, or just tax prep? What's driving your strategy recommendations? What are your core values around communication and timeliness? The biggest thing most business owners are missing? Having their bookkeeper and tax strategist actually in the same conversation. If those two people have never met, this episode will change how you think about your money team.