Joe is from Hamburg, NY. He is the President of Tax Relief, Inc., an Enrolled Agent and National Tax Practitioners Institute Fellow. Joe worked for eight years in the Financial Services industry in New York, New Jersey, and Florida. His work experience includes service for the Small Business Administration providing disaster relief loans to individuals and corporations subsequent to the attacks on the World Trade Center. He is a graduate of Rochester Institute of Technology with a major in International Finance. His focus is Tax and Management Consulting.
In this episode, Philip and Joe Shadle discuss:
- Attacking tax problems proactively and methodically
- Addressing trust fund recovery penalty
- Applying quarterly and semi-annual reviews
- Finding fulfillment in life
Key Takeaways:
- Have a plan and know how to attack tax problems methodically and efficiently. Don’t procrastinate resolving tax issues, act as early as possible in order to avoid incurring significant penalties and complications. Be proactive, don’t wait until a problem escalates before you seek any help.
- Trust fund recovery penalty can be assessed against officers and employees of a business for unpaid employment taxes. Business owners must proactively monitor their tax filings and ensure compliance to avoid penalties and legal issues. Another thing that can help is to maintain a good relationship with CPAs and other professionals.
- Quarterly or semi-annual reviews of tax filings go a long way in helping businesses ensure compliance. Business owners need to set up accounts with the IRS in order to monitor their tax status regularly. Have a checklist in place to ensure timely and accurate tax filings. Be proactive, don’t rely solely on CPAs.
- Understand what you want and be content with what you have. Strive to find fulfillment in the various aspects of your life. Be truthful to yourself and practice continuous self-reflection.
“If there is an issue, attack early. Procrastination is not the answer.” - Joe Shadle
Duelling Pianos 22nd Annual Fall Benefit, check out this link to RSVP: https://one.bidpal.net/carsduelingpianos/welcome
Connect with Joe Shadle:
Website: https://taxreliefinc.com/
Email: info@taxreliefinc.com
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Website: https://www.fornarolaw.com/
Podcast Website: https://lbmpodcast.com/
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