Legal Talk (Aired 03-02-26) LLC vs S-Corp: Avoid Costly Tax Mistakes & Protect Your Business

March 02, 2026 00:38:48

Show Notes

In this episode of Legal Talk (Aired 03-02-26), host John Mitchell sits down with CPA and MBA Divya Gill to break down one of the most critical decisions for entrepreneurs: choosing the right business structure.

Should you form an LLC or an S-Corporation? What triggers IRS audits? How does “reasonable compensation” impact S-Corp owners? And how can poor tax planning expose your personal assets?

Divya explains how entity structure affects taxes, liability protection, payroll compliance, audits, and long-term business growth. Learn why tax planning and legal strategy must work together — and how proactive planning helps small business owners avoid penalties, disputes, and costly restructuring later.

If you’re a small business owner, startup founder, or entrepreneur looking to reduce tax liability legally and protect your company, this episode delivers practical, real-world guidance you can use immediately.

Watch now on Now Media Television and lead your business with confidence.

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Episode Transcript

[00:00:00] Speaker A: Welcome to Legal Talk. I'm John Mitchell and today we're uncovering the legal insights and strategies that help you protect what matters most. You're watching now media Television. Well, hello everybody. Welcome, welcome. Welcome to Legal Talk. My name is John Mitchell. I'm the host of the show. And boy, oh boy, do we have some wonderful, big, big, wonderful treat for everybody today. Thank you so much for being with us today. We have just Divya Gil, who is a CPA and master of business administration overachiever out there. And it's got some locations out in California where she's based. She is a business tax and advisory expert. And so we are going to have a real treat, like I said, for everybody. We're happy, so happy. Pleased to have Divya on the show today. Divya, welcome. Welcome to the show. [00:00:58] Speaker B: Thank you so much, John. [00:01:00] Speaker A: Thank you for having me. Yeah, absolutely. Now, just to mention, right, so everybody's on the same page, right? Because we had the legal talk show going for a while and we've been on hiatus for a while now we're back. Happy to have everybody back in the saddle back with us again. So this show is all about giving our small business owners some clarity, Right. Helping people to understand their legal decisions, their tax decisions and, you know, what kinds of things that shape your success and the kinds of things that might expose you to some risk. Right. So that's kind of what we're aiming for with this, with this show. So today's conversation, of course, going to be especially, especially important because one of the earliest decisions that entrepreneurs need to make is one of the ones that causes big problems later or, or, you know, might cause, or could cause problems later. And that's choosing the correct or the incorrect business structure. Right. So like I said, Divya is with us today to kind of help walk us through all of that. Divya is a second generation CPA with deep experience as an auditor, an accounting manager, controller for organizations exceeding $1 billion in revenue. And so after many years in corporate finance, Divya founded her own practice and that's what she does day to day, helping small and mid sized businesses navigate all the complexities of tax, financial decisions and all that good stuff with confidence. So like I said, Divya has her MBA and a leadership certificate from Cornell. Very nice. And she's licensed as a CPA in both California and Nevada. Like I said, o overachiever. Right. So once again, Divya, welcome to Legal Talk. We're going to be unpacking some entity structure Questions today. What structure is it that people need to consider and why? So that of course is a legal and financial foundation that can affect everything from taxes to your long term growth. Right. So that's kind of what we're going to be talking about today. And let me ask you this just to get us started, Divya, why is entity structure such an important decision for taxes and legal protection? [00:03:36] Speaker B: Well, thank you for the warm welcome, John. And this is one of my favorite topics. So let's dive right into entity structure and what business owners really need to know. Entity structure is basically the foundation of a business house. It determines how much you pay in taxes, how protected your personal assets are, and how easy it is going to grow or bring on partners later. A lot of founders pick something quickly just to get started. But that early decision can follow you or haunt you for years. When it's done right, it saves money, reduces risks and gives you the flexibility as the business evolves. When it's done wrong, it can be very expensive to find fix, [00:04:23] Speaker A: right? Oh yes, don't, don't I know it. I mean, tell you, you're preaching to the choir there. All right, so now we've kind of set up a framework. Okay, what is it and why is it important? So let me follow that up and ask you this. What kind of mistakes do you see business owners default to when they're, when they default like to when they go to a straight with a llc s corp and they don't fully understand the implications. What kind of curve balls do you see coming people's way? [00:04:55] Speaker B: Sure, that's another great question. And I truly think that founders or business owners don't make bad choices, but they make fast choices without context. LLCs and S Corps can be powerful tools when they're used intentionally. The issue is when someone picks a structure before understanding how that structure impacts their business. In context of growth, making more revenues, multi state expansion and adding partners and or investors. When founders take the time to align the entity with their real goals, they usually unlock better tax savings, cleaner operations and a lot more confidence in their decisions. As your business grows, your structure should evolve with it. I like to think of it as renovating a home. Your entity is the foundation. You, you have a kitchen remodel which is upgrading your systems and then adding rooms is like expanding your services or your team. So if the foundation isn't right, every upgrade becomes harder and more expensive. [00:06:02] Speaker A: Yes, yes. Oh my God, that is so important. So these kinds of decisions really do set the foundation right. So tell me this Then how would you say that wrongly selected business structures might affect you in terms of, you know, IRS audits, liability exposure and even long term scalability? [00:06:29] Speaker B: Sure. And we see that a lot in my CPA practice where the wrong structure doesn't really cause problems immediately or right away. It creates friction over time. From an audit perspective, it can trigger audit red flags like inconsistent reporting, improper payroll commingling. From a liability standpoint, it can blur the line between your personal as well as business assets, which defeats the whole purpose of having protection and the ability not commingle your assets. And also, when it comes to scaling to your point or your question, the wrong structure can make it much harder to raise capital, add partners, or even exit clearly and cleanly if you want to close the business tomorrow or sell it, get acquired or and be a part of that process. So the right structure keeps things clean, defensible, scalable. So growth feels supported instead of stressful or forced. [00:07:31] Speaker A: Right. Right. Well, let me. Okay, that is excellent, wonderful information, good perspective. Let me ask you this question then, because this brings up, you mentioned something about audits and have you, let me ask you this. Have you seen in your practice any kind of an effect like let's say, any additional scrutiny from the IRS because of a business structure that has been chosen or a tax election that has been made? I'm thinking particularly about like reasonable compensation for S Corps or something like that. Have you seen any of that? [00:08:09] Speaker B: Actually, you raise a good point. And yes, we have. People will form S Corps. And I can give you an example out of it. We had a client who formed an S Corp, decided he still did not want to pay himself a reasonable compensation or his salary to make it easier for people to comprehend the situation. And then he ended up getting audited by the irs. They decided to disregard some of his owner's draws because that's the direction he choose to go with saying, I don't need to run a payroll, I'm just going to take a couple hundred thousand out in owner's draws. IRS did not not like that move. They went in, they disallowed all the draws and they forced him to recognize that as an expense on the payroll end and pay back payroll taxes. What made it worse was once that got triggered, the state got a notification from IRS because a lot of states and IRS have started talking now. And then came one of the employment departments too, with back taxes. So as you can understand, it can accumulate and culminate into a situation which can be easily controlled if you choose the right structure from the start from the IRS side, entity choice isn't about punishment. It's about clarity, consistency. Every structure comes with specific expectations around reporting, payroll and documentation. Like you mentioned in S Corp, an S Corp needs to have reasonable compensation, but then you have the ability to go into retirement planning and different other advanced retirement options that any non eligible CPA should be able to help you with. When the entity does not match how the business is actually operating, that's when scrutiny increases. Clean entity alignment makes returns easier to review, disputes easier to resolve, and enforcement far less likely. In other words, the right structure makes you invisible. Doesn't make you invisible, it makes you defensible. [00:10:09] Speaker A: Right? Exactly. And folks out there, that is why it's very important to find, you know, hook up with Divya or hook up with somebody like Divya Expert that's going to be able to help walk you through all of these things real quickly because we've only got a couple of minutes left. Time flies when you're having fun. When should a business owner pause and reassess their structure? When's a good time to take a look at that? And, and then if you can tell people how they might get ahold of you if they need to find you, [00:10:40] Speaker B: sure, I'll make this quick. The moment your business grows shifts, it starts asking more of you. That's the moment to assess. You want to, as a founder, look at it and you want to make sure you work with the right person to understand how to go about navigating through the complexities of those structures. It could be a big jump in revenue, adding partners or investors, hiring employees and so on. So your business evolves, your structure has to work with it because it's all about building the right foundation, which is sustainable, defensible and intentional. And if you would like somebody to help you and be on your side, you can go to our website. It's GilTaxGroup.com if you scroll at the bottom. Besides all the content within the website, you also find our social media links where we post a lot from time to time about educating our clients and prospects about tax strategy, entity structure, proactive planning and beyond that, we regularly do a lot of podcasts and conferen to educate all the individuals to the best ability we can. [00:11:43] Speaker A: Well, that is all wonderful information, Divya, thank you so much for being with us and folks out there. Go, you know, get yourself some rest, relaxation, hit that big restroom, you know, get your hot or cold beverage of your choice because we are going to be right back and up next we will be talking a little bit about what happens when business owners operate without a legal strategy at all and how proactive planning changes everything. We'll be right back. We'll be right back with more practical, real world legal guidance. This is Legal Talk on NOW Media Television. And we're back. I'm John Mitchell, and you're watching Legal Talk on NOW Media Television. Let's continue the conversation. Welcome back, everybody, to Legal Talk. Thanks very much for being with us. So if you want more of what you're watching, by the way, you can stay connected to Legal Talk and every NOW Media TV favorite live or on demand, anytime you like. So you Download the free Now Media TV app on Roku or iOS, unlock nonstop bilingual programming in English and Spanish. Are you on the move? You can also catch the podcast version right from our website at www.From business and news to lifestyle, culture and beyond, now Media TV is streaming around the clock. Ready whenever you are. So I'm here again with Dibia Gil. In our first segment, we talked about how the wrong business structure can quietly create some big tax and legal risk. Now let's zoom out a little bit because even with the right entity, many owners are still operating without a legal strategy at all. Right. And so we want to dive a little bit into that with Divya. Divya, thanks for being back with us again. [00:13:46] Speaker B: My pleasure. [00:13:48] Speaker A: All right. Yes. So jumping right in, what does a simple but effective strategy look like for small business owners? [00:13:58] Speaker B: Sure. So what I call a simple yet effective legal strategy for small business owners is really about getting the fundamentals right. And I often share this with my clients. What we call is a clean legal framework where clean the word C stands for choose and maintain the right entity, L stands for lock and key relationships, E stands for establishing protections, and A stands for actively complying. N is for navigating with the advisors, having professionals by your side who will help you pick the right strategies that should complement and help you grow your business, be it your written agreements, be it your legal agreements, which we would associate with lawyers like you, John. At its best, a strategy that is rightly driven should be boring, preventative, cost effective. The goal is not to eliminate all the risks, but to avoid the avoidable problems so the owner can focus on growing the business with confidence. [00:15:02] Speaker A: Right? Oh, that is so important, man. That's so important. So let me ask you this, Dan. How have you know, how have you seen in your many years of expertise and wisdom, how would you say that tax planning and legal planning work together rather and rather than work in kind of on their own in silos. Right. How they work together. [00:15:25] Speaker B: Right. And that's a very good point that people often miss. And they'll be like, I'll just do the legal planning and I'll worry about taxes or the other way around and we go. No. Tax planning and legal planning work the best when they're integrated and not in silos. Because every smart move needs a solid legal foundation to hold up your entity choice will shape your both liability and tax outcomes, be it your payroll distributions, retirement strategies, hiring employees, bringing on partners. They only work if the property structured and documented. Strong legal compliance paired with that kind of planning protects those tax benefits from audits and penalties. When it comes to growth exits, legal decision making or business decision making, all of these decisions that you're making early on and together in harmony will directly impact your future tax results. Tax planning shows what's efficient. Legal planning makes it defensible. [00:16:27] Speaker A: Excellent. So what's legal versus what's defensible? Excellent, excellent, excellent advice and excellent thoughts on all of this to be very helpful for all the folks out there in the audience that are wondering about all this good stuff. Now, how would you say, how does having a strategy prevent problems or prevent disputes before they ever even exist? [00:16:53] Speaker B: Sure. So that is a great question and here's why. We have a lot of clients who walk in clueless about what will work for them and what will last them in the real world. A strong strategy prevents disparities, disputes by eliminating uncertainties before emotions, money and pressure enter the picture. Clear entity structure will define who owns what, who decides what. Well written agreements set expectations around roles, compensation, profit sharing before relationships are tested. Proper documentation supports decisions so they are not second guessed later. Proactive compliance removes the gray areas that offer trigger audits, penalties and internal conflict. Often we have clients walking in saying we don't have an agreement placed. We have been friends since high school and we got each other's back. And next thing, what you see a dispute or disagreement happens later on, which was not even foreseen. So most disputes don't start with bad intentions, they start with assumptions. A thoughtful legal and tax strategy replaces assumptions with clarity, allowing you to grow without friction. [00:18:00] Speaker A: Right. That's a very important point. Grow without further friction. So take care of problems before they ever even become problems and go in hand in glove with that. And I've been preaching this, you know, for years and years now, the importance of being in contact, having your professionals on board. You know, I tell people, put my number in your phone and put me on speed dial. Right. Because it's so much easier and better to take care of things before, before they become problems than to try to come back and clean up a mess afterwards. And so I have been for many years recommending to people that they go ahead and stay in contact regularly at least once or twice a year with their attorney or their CPA or maybe even both, depending on how complex their life and their business situation is. Right. [00:18:57] Speaker B: So. [00:18:58] Speaker A: So speaking about that. Right, right. So I know you're on board with that. Right. So what should every business owner be looking at reviewing annually with their tax professional or their cpa? What should they be looking at on an ongoing annual basis to be able to stay protected and kind of stay compliant? [00:19:22] Speaker B: Sure. And I totally agree with you, John, on that. What is needed is at least an annual legal and tax check. Because the business you're running to get today is really the same one you started. You have grown, you have hired employees and you have added probably more nuances to the business, maybe more locations. That review should include confirming what you have right now. Your filings, your payroll, your operating agreements, decision making, contracts, insurance, everything matches to your real world risk. It means reviewing payroll. It means worker classification should be correct. Tax filing should be accurate and defensible. Just as important it is to revisit all the compensation and everything. It's important that you not only do this for compliance reasons, but also making sure that your strategy legally and tax wise is evolving with the business. So small gaps never turn into big problems. [00:20:23] Speaker A: Yes, yes, again. Oh, that is so wonderful. We are feasting on the veritable steak dinner of good advice today. Right. This is wonderful stuff. Okay, now one final kind of question. I want to hit it from this angle for you. Right? So let's say we've already talked a little bit about having a strategy, you know, foundation basis for your business decisions and stuff. How in a practical sense, Right. How have you been able to see the difference in how business owners lead and make decisions when they have clear tax plan and clear legal planning behind them? How have you seen that when the rubber meets the road? [00:21:10] Speaker B: You know, it's very gratifying when I say that, that when clear legal tax plan and strategy is put in place, it's amazing to see how owners show up as leaders. They are empowered, they're confident. Instead of operating cautiously or second guessing every move, they make decisions with speed and conviction because the rules, protection, tax consequences are already understood. Risk becomes more strategic, not emotional growth. Decisions are evaluated through a clear mindset instead of fear and it's not forced. And it also changes the tone off the business owner. As a leader, you will be more decisive, your boundaries are clearer, your accountability is built in. So as I tell my clients, when the foundation is solid, leadership becomes intentional. [00:22:01] Speaker A: Well, David, this has been just super, incredibly valuable information for everybody out there. I hope everybody, you know, can just soak it all up like a sponge and in case they need to, you know, follow up with you, follow your work, you know, connect with you so that they can, you know, strengthen their business and protect it. How in the world would they go about connecting with you? [00:22:26] Speaker B: So you could check us out on our website, GilTaxGroup.com if you scroll down. There are social media platforms like TikTok, Instagram, Facebook, YouTube and LinkedIn where we are constantly sharing ongoing information, educating our clients about strategy, social media structuring and everything else we have been talking about today. John, it's all about proactive planning and not taking a reactive approach. You could also call us at 866-GIL-TRAX. That's G I L L T X again, 866-G I L L T A X. And our goal is always the same, to help business owners who are watching the show to move from a reactive to strategic mindset so their businesses aren't just profitable, they're protected. Because the way we look at it, your then your success is our success. [00:23:17] Speaker A: Man, oh man, that is wonderful. So folks out there, follow up with Divya, you know, give her a call, 866 G I L L T A X 866 Gil Tax. And you're going to get the help that you need to be able to move forward, be on solid footing with your business and have some, some good tax and legal planning behind you, right? So that you, you can move forward on solid ground. So Divya, thank you very much for joining us on Legal Talk and thank you very much to the audience for being with us. We really appreciate it. Hope that we brought some excellent information for you today. Today's conversation reinforces that simple truth, right? So clarity creates confidence. Clarity create. It creates confidence. Listen to that nice alliteration right there. When business owners understand their structure and they have a legal strategy in place, they are no longer out there guessing and reaching for straws. So protection isn't about fear. It's about foresight. The right structure, the right plan, the right advisors helps you grow with confidence and not be mired in uncertainty. So I am John Mitchell and this has been Legal Talk until next time. Stay informed Stay protected and lead your business with confidence. We'll be right back. We'll be right back with more practical real world legal guidance. This is Legal Talk on NOW Media Television. And we're back. I'm John Mitchell and you're watching Legal Talk on NOW Media Television. Let's continue the conversation. Well, hello, folks. Welcome, welcome, welcome, everybody. Back to Legal Talk. I am John Mitchell, host of your show and boy, oh boy, we are following up with a real treat today. We have Divya Gill of Gill Tax Services and she is a CPA and mba. And she has some really beautiful and valuable information to bring forward to us. But I thought we would take a little time, you know, and get to know Divya a little bit. So, Divya, welcome to the show. Thanks for being with us. [00:25:33] Speaker B: Thank you, John. Thank you for the warm welcome again and morning to you again. [00:25:37] Speaker A: Oh, yes, absolutely, Divya. So now let me ask you this, right? First of all, how long have you been doing tax work? [00:25:49] Speaker B: I have been doing tax work for a few, few for a minute now, let's put it that way, for over a decade. I am a second generation cpa, so I started this in the family business and then I did work in the corporate for a long time in various roles in audit, accounting, et cetera, and working for large organizations with over a billion dollars in revenue. And then in the tax practice, at some point I decided I wanted to work on my own. And about eight years ago, I decided to our very first office. And there has been no stopping since then. Now we are up to four offices in California and one office in Nevada at this point. And we practice nationwide. We primarily help businesses focus on their tax planning, tax preparation and compliance work. [00:26:44] Speaker A: Wow. Eight big years and four offices. Man, that is super impressive. So, you know, big, big kudos to you. So you say you're in, what did you say? Four different locations. So three of them are in California and one in Nevada. Where specifically in California? California is a big place. [00:27:03] Speaker B: Yes, it is. So there are four locations in California and one in Nevada. So there are a total of five. The Nevada one is easy to remember. It's in Summerlin. The ones in California we cover essentially from northern to southern. So we have an office in Santa Francisco, Los Angeles, Orange county, and then San Diego. [00:27:23] Speaker A: Wow. My goodness. That's right. So you are literally north to south. That's. Man, that is wonderful. That is absolutely wonderful. But you can also, I think we were talking about a few minutes off camera when we were getting all set up. You can also handle clients like, let's say somebody from Florida called you and they have federal tax situation going on. So you could actually take on clients from basically anywhere in the US or even foreign locations if they have US tax situations they want to work on. [00:27:57] Speaker B: Absolutely. And we have plenty of clients who fit that scenario that you just described, John, where they are nationwide or housed internationally and they have their business offices here in US, in Wicon, constantly working with all kinds of CPAs and CAs overseas to make sure they're compliant in partnership with those people. They're compliant here in US because there's extra reporting for financial aspects that need to be done when you have big organizations that are housed entirely outside of us or that has small offices here in US or huge presence in us. So absolutely we can help and we do help everybody and anybody who has any kind of complicated tax situation. [00:28:43] Speaker A: Oh, yes, ma'. Am. That is perfect. That's wonderful. Hey, so let me ask you this then. All right, so you mentioned second generation cpa. So would you say that, that what's the origin story? How was that, was that seed planted? Would you say that, you know, maybe as a kid you saw one of your parents working as a CPA and thought, boy, that's interesting. You know, how, how did every. How did, what was the, what was the genesis? How'd you get started? [00:29:13] Speaker B: Absolutely. I get that question a lot and I love talking about it because it's something that tells you where you come from, you know your roots and makes you reflect how much of a valuable experience you have had. My dad is the CPA in the family and he was the one who planted that seed that I was really good with numbers. And it just came to me naturally. Next thing, he made me part of work on a daily basis and started involving me with return work over time, doing a lot of text tax preparation for him on different aspects and different clients. And that's where I started picking up that, hey, I really like this and I would like to pursue it as part of a long term career plan. And it just build, build organically for me. And then after pursuing a corporate role for almost over 20 years, decided that I wanted to essentially follow him in his footsteps and go towards having my own practice like he does in Central California. And I decided to venture into California, Nevada, as discussed, because over time I also saw so many business owners in his career and mine that needed more than just tax filing. They needed guidance, planning, a trusted advisor who could help that would make better business business decisions. And that made me realize that as, as an individual who is part of this and so close to, would be great if I can partner with these small and medium sized businesses and help them, help them grow. And once they hit that spot, it's just fascinating, gratifying itself. It's like my own business is growing. [00:30:58] Speaker A: Right, exactly. So you, you kind of have a way of looking, looking at it kind of like I do. Right. Like I take my clients by the hand and I feel almost like we're partners, like we're together in this. Right. And I can tell that you have the same kind of mentality and that's really what it takes. And you know, I had people ask me before, John, how do you sit there and stare at, you know, numbers and stuff all day? I'll tell you what, I don't know if you agree with this, DB I think you probably would agree. Being a CPA or even being an attorney. It's kind of like a backstage pass, right? So if you enjoy understanding how things work and you understand, you like understanding business and finance and really digging in and understanding how things work out and how people, you know, go about their business and make their decisions and stuff, this is, you know, you've got seats on the 50 yard line if you're the seat or the attorney. Right. Would you, you kind of agree with that? [00:31:58] Speaker B: Absolutely, totally agree with that. And I can still relate to that, Norm, because to me, people will tell me, oh my God, I can tell you really like what you do. And I almost always say I love what I do. And it's a passion for me, it's something that clicks, comes naturally to me. And when you plant those seeds, you know, in terms of different businesses who take your strategy, and next year they come in, they're up a number, another million, then another million, and now they're growing so big that they have multiple offices. That's the gratification that I certainly see you relate to, to John. It just comes naturally to you too, right? [00:32:40] Speaker A: And so that, that is true. And thanks for that. That's so true. And so that brings me to my next question. Right. We're delving in a bit, little, little bit here now. So you started off your career, you know, working with those big billion dollar companies. So that's good experience. So that means that you're not scared when you see big, you know, big numbers on a spreadsheet or, God forbid, God help us, on an IRS notice or something, right? So not scared of those big numbers. But what would you say is the biggest difference that you see between working, you know, kind of in the as a cog in a big machine versus being out on your own, one on one kind of helping people. What's the big difference there? [00:33:25] Speaker B: I would say the biggest difference is how you can make a difference. Because I always thought back in corporate career I could make a difference. However, a shift in the leadership or shift in the economy or something else that would shake the core of that business one way or the other. You realize that you are really tiny in the grand scheme of things. However, once you start working on your own, it's scary initially. But once you start building a client base and start putting your name out there and people start trusting your decisions by trusting you with their returns as well as the complicated tax matters like audits and whatnot, you then realize that you are able to make that difference. So I realized that the difference I was looking for and the gratification I was looking for was something I could not find in the big, you know, big boys world, you could say. And I could really find that here. Another thing I would like to highlight is a big difference. As a brown woman, I'm making and as a woman entrepreneur is empowering and working with a lot of women entrepreneurs and business owners who are of course men and women, but a lot of women out there who are looking for that knowledge and the financial expertise that has been missing. So when I see all of this coming together, it sets like a true purpose for me that this is why I went on my own and I am glad I did. [00:35:04] Speaker A: Well, now that you're out on your own, let me ask you this. What would you say is your one or two main areas of focus of your practice? [00:35:13] Speaker B: Sure. So we specialize in, of course we do tax preparation for businesses and if you are s corp owner, will also pair it with the individual return. Because strategy has to happen at all levels. But our primary focus is businesses, and I do a lot of tax strategy for the businesses to ensure that we make the dollars work to your advantage and you pay the legal minimum tax liability. The goal is to implement enough program planning and make it more effective so that you don't miss out on the opportunities that come your way. We also do accounting and bookkeeping. We also engage in IRS and state audits, representation, and a lot of consulting. But primarily our work is structured around tax strategy, tax planning preparation, and accounting services. [00:36:06] Speaker A: All right. And in the less than one minute that we got left, I wanted to just make sure and ask you this really important question. Is there any nugget of wisdom Any pearls of wisdom that you'd like to share? One thing that you wish everybody knew when they walk in your door. [00:36:25] Speaker B: Yes. I will leave you with this thought that most people think taxes are once a year annual event. They're not real savings for businesses. Happens over months before you ever file. So it's. And reach out to people like us who are CPAs and are year round partners and not a seasonal service. If you need the true bang for your buck and the true advice that will help you gear towards success and growth. [00:36:51] Speaker A: Yes, ma'. Am. Very good stuff. And so final question. How do people get ahold of you if they need to do so? [00:37:00] Speaker B: Yes, absolutely. You could check out the check us out on our website. It's GilTaxGroup.com we have our social media platform. Links in there to TikTok, Instagram, Facebook, YouTube and LinkedIn. You could also call us at 866-GIL-TAX. That's 866-G-I L L TAX. And we are here to help you with any of your growing business needs. We want to make you profitable and protected. Your business is our business. Your success is our success. [00:37:30] Speaker A: Excellent, Divya. Well, thank you very much and thanks to the audience for being with us again. I am John Mitchell. This is Legal Talk. You know, stick with us, come back for, for more later on. And we'll be right back. We'll be right back. We'll be right back with more practical real world legal guidance. This is Legal Talk on NOW Media Television. And we're back. I'm John Mitchell and you're watching Legal Talk on NOW Media Television. Let's continue the conversation. [00:37:55] Speaker B: Being part of the show was such an honor and it was really enlightening. It was great talking to John prior to the show at a personal level and connecting with him. He has a lot of legal expertise and a lot of knowledge, I could tell. And at the same time, the team at NOW Media made it flawless in terms of, of the entire experience. There were no glitches. It was seamless. And Abraham, you have been great as well. I am sorry if I messed up your name but you have been completely great and this was an absolute delight. I look forward to contributing in any future shows if need be and look forward to long term continued success.

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February 28, 2026 00:44:54
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Legal Talk (Aired 02-23-26) New Tax Breaks Explained—Overtime, Tips, Car Loan Interest & Seniors

On Legal Talk (aired 02-23-26), host John Mitchell breaks down the latest tax changes that could affect everyday Americans. This episode covers potential savings...

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Episode

March 10, 2026 00:47:52
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Legal Talk (Aired 03-09-26) Employment Law Mistakes That Can Destroy Small Businesses

In this episode of Legal Talk (Aired 03-09-26), host John Mitchell sits down with attorney Elizabeth Troon, an experienced immigration and criminal defense lawyer...

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