Episode 50: Bridging Tax, Legal, and Financial Strategy for Business Owners
5/26/202640 min
Want to stop treating your business, taxes, and legal planning like separate conversations? On this episode of Jet Setting Wealth Advisory, David T. Yu speaks with Chris Papin, founder of Papin CPA and Papin Law, about why business owners struggle when tax, legal, insurance, and financial planning are handled in silos. Chris shares how his dual background as both a CPA and an attorney allows him to serve as a “quarterback” for business owners who need help translating complex financial decisions into coordinated action. From audit-proofing your books and avoiding common tax pitfalls to aligning business cash flow with personal wealth and estate planning, this episode highlights how small gaps in coordination can create very expensive problems. Key Takeaways:→ Business owners often understand their business but not how financial statements truly work→ Audit-proofing your books is about discipline, separation, and how you treat your business → Debt decisions, spending habits, and cash flow timing can quietly derail long-term goals→ The biggest financial mistakes often come from lack of coordination between advisors→ The right professional should act as a translator and facilitator, not just a technician More from Chris Papin and Papin CPA: Email: chris@papincpa.com Website: papincpa.comLinkedIn: linkedin.com/in/chrispapinFacebook: https://www.facebook.com/PapinCPA Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
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Transcript preview
First 90 secondsSpeaker 10:00
[upbeat music] The Jet Setting Wealth Advisory Podcast, where your financial journey takes flight with David T. Yoo. As an airline pilot and financial expert, David merges the aviation industry and wealth management to help you navigate today's complex financial skies. Each episode features expert insight, blending personal stories with essential financial strategies. We ask that you fasten your seatbelts and sit back as we prepare for takeoff. Our destination, your financial empowerment.
David T. Yoo· Host0:32
Hey, everybody. Welcome to Jet Setting Wealth Advisory. I'm your host, David T. Yoo, airline pilot and wealth advisor. Today, we're joined by Chris Poppen, a uniquely positioned advisor who is both a certified public accountant and a licensed attorney. Chris is the founder of Poppen CPA and Poppen Law, where he provides integrated financial, tax, legal, and estate planning services to individuals and closely held businesses. His firm brings together accounting, legal, and insurance expertise under one single roof, allowing clients to take a proactive and comprehensive approach to their financial lives. Chris works closely with business owners on everything from formation and planning to tax strategies, estate planning, and long-term [laughs] wealth preservation. So here we are, Chris. Welcome to the show.
Chris Papin· Guest1:28
Thank you,