Kelly Runge | Navigating Taxes and Growing Your Business
Let's face it: taxes are often a source of discomfort for many of us. Nonetheless, they are an integral part of the entrepreneur's journey, regardless of our preferences. It might appear that as our profits increase, so do our tax burdens, but we mustn't underestimate the significance of taxes and all the intricacies involved in the annual return process. It's more than just another task; it requires attention and consideration.
On today's episode of Women Choosing Growth Podcast, Tina Sue interviews Kelly Runge, an expert in tax and business advisory services for small and medium-sized companies. Kelly is a partner at Wipfli, a tax consulting firm that spans over 20 states and three countries. Her expertise is world-class, and her team's approach goes beyond the tax return, focusing on being a partner to their clients.
In this episode, Kelly shares her entrepreneurial journey and how she navigated her way to becoming a partner at a prominent CPA firm. She discusses the importance of finding a strategic partner who can help you navigate the complexities of taxes and business finances. Kelly emphasizes the need for proactive planning and communication with your CPA, ensuring you maximize opportunities for deductions and tax strategies while aligning with your long-term business goals.
Throughout the conversation, Kelly sheds light on the considerations for business owners looking to maximize enterprise value, whether through mergers, acquisitions, or exits. She highlights the importance of both tactical and mental preparation for such transitions, stressing the need for clear leadership succession planning.
Tune in to this insightful episode and discover valuable strategies to manage your taxes, grow your business, and plan for a successful financial future!
What You’ll Learn in this Show:
- The importance of finding a strategic partner to navigate tax complexities.
- Kelly's entrepreneurial journey and lessons learned.
- How to balance profitability and tax strategies to maximize enterprise value.
- Essential tax deductions and expenses that business owners should be aware of.
- Tips for preparing for business exits and transitions.
- The value of mentors and building a strong team to support your business.
- And so much more…
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