Adulting Demystified with Odelia Goldberg, Episode 5

In this episode of Adulting Demystified, Odelia Goldberg speaks with Daniel Bengio, CPA, Chief Tax Minimization Officer at his firm, DBCPA. With over 30 years of experience in tax and financial consulting, Daniel shares key insights on navigating LLCs and S Corporations, minimizing tax burdens, and improving financial literacy.

Tune in to the episode to hear about:

* LLC vs. S Corporation Confusion: Daniel Bengio clarifies that LLCs can opt for S Corporation tax benefits, a frequent source of client confusion.

* Distributions Misconception: Daniel Bengio notes that business distributions don’t affect tax liability, which is based solely on income.

* Double Taxation Avoidance: Daniel Bengio explains that S Corporations prevent the double taxation common in C Corporations.

* Financial Literacy Gaps: Daniel Bengio emphasizes the importance of financial literacy, especially for younger people.

* Need for Accounting Specialization: Daniel Bengio stresses the value of specialized accounting knowledge for complex financial matters.

Learn more about Daniel Bengio:

* Connect with Daniel Bengio on Linkedin: http://www.linkedin.com/in/danielbengiocpa

* Visit Daniel Bengio’s website: https://bengio.tax

* Email: daniel@bengio.tax

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About Adulting Demystified:

In each episode of Adulting Demystified, your host, Odelia Goldberg, invites subject matter experts to discuss things that most people don't know, but probably should.

Watch more episodes of Adulting Demystified:

* YouTube: https://www.youtube.com/@thelawofficesofodeliagoldb2657

* Website: http://ogoldberglaw.com

Connect and learn more from your host, Odelia Goldberg:

* Connect with Odelia on LinkedIn: https://www.linkedin.com/in/odelia-goldberg-2ab89b37

* Follow The Law Offices of Odelia Goldberg on LinkedIn: https://www.linkedin.com/company/the-law-offices-of-odelia-goldberg

* Follow The Law Offices of Odelia Goldberg on Facebook: https://www.facebook.com/OGoldbergLaw

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Disclaimer: You should never get legal advice from a podcast. Please don't do anything stupid and ruin it for the rest of us. You deserve to have your own legal advice from a legal professional.