Private Practice Survival Guide

Tax Strategies That Actually Work: A CPA's Guide for Practice Owners with Mark Martukovich

Brandon Seigel Season 2 Episode 33

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 23:07

Send us Fan Mail

Discover powerful tax strategies that actually work for your small business and private practice with expert CPA Mark Martukovich. Learn how proactive planning can save you money, leverage your business as an investment, and avoid common pitfalls. This episode dives deep into overlooked deductions, entity structuring, and smart financial moves that can significantly boost your bottom line and ensure you're not paying more than you need to. Get ready to transform your approach to taxes and cultivate lasting financial success for your business.

What You'll Learn:

  • Why proactive tax planning is more critical than a reactive approach.
  • How to properly utilize the home office deduction without fear of audits.
  • Advanced strategies for retirement planning and stacking within your business.
  • The truth about business vehicle deductions and how to avoid common mistakes.
  • The benefits of adopting an S corporation entity structure for tax savings.
  • An in-depth explanation of the "Augusta Rule" and how to apply it ethically.
  • The importance of showing profitability for the future sale of your business.

Don't miss these actionable insights to optimize your tax situation and unlock your business's full financial potential! #TaxStrategies #SmallBusinessTax #PrivatePractice #TaxPlanning #Entrepreneurship

Mark Martukovich is a Certified Public Accountant and Managing Partner of Business Advisory and Accounting Partners (B.A.A.P.), a firm known for turning accounting from an expense into a strategic investment. With over 25 years of business development and consulting experience, and a career that spans public accounting, corporate leadership, and commercial banking, Mark brings a board-level advisory perspective to every client relationship.

Mark began his career in 1989 as a staff accountant in Cleveland, Ohio, after graduating from The University of Akron with a degree in accounting. His early work in public accounting was followed by senior leadership roles in business development, where he helped organizations scale, implement technology solutions, and open new markets.

In 2004, Mark transitioned into commercial banking, spending a decade advising small and mid-sized companies in the Tampa Bay area. His banking experience gave him a deep understanding of how lenders view business performance, insight he now uses to help clients prepare for financing, expansion, and eventual ownership transition.

Since joining BAAP in 2010, Mark has been the driving force behind the firm’s business advisory consulting model, which combines:

  • Tax efficiency strategies that are designed around each client’s long-term goals.
  • Operational and financial analysis to improve profitability and resilience
  • Succession and exit planning that helps owners turn their business into a true retirement asset.

Mark is a recognized leader in the accounting profession. He serves as a featured speaker for Thomson Reuters’ Partner Summit: Moving Your Practice Forward, where he trains other CPAs on transitioning from compliance-focused work to becoming proactive business advisors. He also served on the Board of Directors of the SPCA Tampa Bay from November 2019 until January 2025, reflecting his commitment to community leadership.

http://busadvisory.com 

https://www.facebook.com/BusinessAdvisoryAndAccountingPartners 

https://www.youtube.com/@business-advisory 

Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today’s business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast.

Get In Touch With Me
Podcast Website: https://www.privatepracticesurvivalguide.com/
LinkedIn: https://www.linkedin.com/in/brandonseigel/
Instagram: https://www.instagram.com/brandonseigel/
https://wellnessworksmedicalbilling.com/
Private Practice Survival Guide Book

This show is proudly produced at PS Studios — learn more https://www.psstudios.co