Marco Flores, the owner of MFCPA, addresses the importance of investing in employees and why it is the most essential pillar of your overall business strategy.
Heather:
What are some techniques you use to help your clients be on the smaller percentage end of paying that taxes?
Marco:
Yeah, so I think the number one thing is to invest in your employees. That's the one thing that I think every business owner needs to do. Now, of course, if you don't have any employees, or if you're like Marc and you're doing the Philippines thing, it's a little bit different. I always say your employees are your biggest asset.
Marc:
And that's true even for outsourcing because it's like a whole other family of employees. It's a culture, it's just online.
Marco:
So I think the difference is implementing something like a 401k or there's just every dollar you spend as a business owner is, in theory, it's a write-off. It just has to be for a business purpose. We do a lot of planning. We do a lot of year-end planning. Okay. Go out, buy a truck, buy a piece of equipment before the end of the year, whatever it may be.
But I think it's really just making it something that makes sense for the business, not forcing it.
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- [109] SQ Segment 2 - Clip 4 -
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