More Money in Your Pocket

Hosted by Jeff Hockett

Business Entrepreneurship Education

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Episodes

108

Latest episode

Dec 2024

Language

EN-US

About the show

Real Estate Agents don’t understand the tax part of their business. They are losing the tax game with every transaction and it is costing them money. Join Jeff Hockett weekly to learn the tax rules, basic and advanced strategies, and the basics of running a business so you can keep more money in your pocket and pay as little in taxes as legally required. If you are new to real estate, have been there a long time, or are thinking of becoming a real estate agent, this podcast is for you.

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60 recent

December 16, 2024Episode 10720 min

John Ensley on Investments

In this episode, we dive deep into: Planning for retirement: transitioning from accumulation to distributionUnderstanding Roth conversions and their tax implicationsDiversifying investments to manage risk and maximize returnsProtecting your retirement with a volatility shield"Diversification, to me, also means that we have our assets segregated into a number of different buckets. Some of those are fully taxable, some of those are tax-deferred and taxable later, some of those are not taxable."  – John EnsleyAbout John Ensley:John Ensley is leading a financial planning revolution to help you take back control of your money, your lifestyle and your retirement plan. John is president of J-Ensley Financial, a registered investment adviser firm in Washington State. He holds a Chartered Financial Consultant® and National Social Security Advisor designation and is one of an elite group of highly trained Bank On Yourself® Professionals. John is passionate about helping individuals, families, and small businesses succeed financially, without taking on unnecessary risk.Connect with John Ensley:Website: https://retirewellwithjohn.com LinkedIn: https://www.linkedin.com/in/johnensley/Facebook: https://www.facebook.com/JEnsleyFinancialTwitter: https://twitter.com/johnensley Connect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

December 9, 2024Episode 10611 min

What you should do before the end of the year

In this episode, we dive deep into: End-of-year strategies to maximize tax savingsHiring your kids to save on taxesBenefits of health savings accounts and Roth IRAsAvoiding common tax penalties and misconceptions"Over the years, I have found that most people put things off until the last minute. Well, if that is you, then you only have a couple of weeks left to finish out the 2024 tax year." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

December 2, 2024Episode 10514 min

IRS and State Letters

In this episode, we dive deep into: Understanding payroll tax letters and deposit schedulesRecognizing the importance of S Corporation election lettersNavigating adjustment, audit, and penalty lettersEnsuring compliance with address change and identity verification letters"This time of year, the IRS and the state will send letters to a lot of business owners, and these letters are very important, so it is very important that you open them to see what's in there." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

November 25, 2024Episode 1049 min

Do you have IRS letters?

In this episode, we dive deep into: The importance of opening IRS lettersHow IRS systems generate letters and common issuesUnderstanding stimulus payments, tax credits, and payment adjustmentsWhy timely action on IRS correspondence matters"The IRS isn’t going to just forget about you or the issue that generated this letter in their system." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

November 18, 2024Episode 10311 min

What are your Luxuries?

In this episode, we dive deep into: The value of time and how to use it wiselyPrioritizing health as a business ownerCreating a quiet mind to reduce stress and anxietyEmbracing travel and meaningful relationships for a fulfilled life"Stop focusing on those luxuries and pay more attention to these six: your time, your health, a quiet mind, slow mornings, ability to travel, and a house full of love." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

November 11, 2024Episode 10215 min

How much do you make per hour?

In this episode, we dive deep into: Determining your true hourly rate as a business ownerTracking time and tasks for effective managementUnderstanding the impact of admin tasks on profitabilityLeveraging numbers to make strategic business decisions"I highly doubt you would want to work for me or anyone else 80 hours per week and get paid for only 40, so why should your business be any different?" – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

November 4, 2024Episode 10112 min

Do you work for free?

In this episode, we dive deep into: Knowing your value and setting boundaries with clientsTracking expenses to understand profitabilityRecognizing the true costs of "free" consultationsThe importance of hourly rate and time management for business success"Making money should be your number one goal. When you’re a business owner, if you don’t know your numbers, then chances are you’re being sold out and not making what you should." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

October 28, 2024Episode 10011 min

What does the future hold?

In this episode, we dive deep into: Overcoming fears in business and personal growthRecognizing the impact of daily habits on successThe risks of relying on bad adviceUnderstanding the P&L as the lifeline of your business"Your future is going to change. The economy is going to change. The only way to be prepared is by reading your P&L and understanding the money that’s coming in and the money that’s going out." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

October 21, 2024Episode 9913 min

Building Wealth Part 2

In this episode, we dive deep into: Roth IRA conversions and tax strategiesBuilding wealth through rental properties and 1031 exchangesUnderstanding depreciation and its tax benefitsLong-term planning for estate protection and retirement"Wealth building is a process that takes time, and you can’t take a shortcut." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

October 14, 2024Episode 9813 min

Building Wealth Part 1

In this episode, we dive deep into: Long-term planning for retirementThe benefits of Roth IRA vs. Traditional IRATax planning for retirement incomeUsing a Health Savings Account (HSA) for future medical costs"Building wealth is a long-term goal and not saving a few dollars." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/