Episode 55: How Taxes Affect Your Points Hobby with Carter Cofield

Episode 55: How Taxes Affect Your Points Hobby with Carter Cofield

Podcast Links

Check out the episode featuring how taxes affect your points hobby with Carter Cofield on Apple, Spotify, RadioPublic, Google Podcasts, and more! And check out all the episodes of your new favorite travel hacking podcast!

Show Notes

Carter Cofield of @cofield_advisor is a Certified Public Accountant (CPA) who is dedicated to helping entrepreneurs save money on taxes. He’s spent years learning the best tax savings strategies so that he can teach them to entrepreneurs and business owners everywhere. He’s also the owner of Cofield’s Concepts which is a financial literacy website teaching people how to make more money, pay less taxes, and be their own boss!
In this episode, Carter and I discuss tax considerations if you’re getting deeper into the points hobby. Are points taxable? What about bank bonuses? Will the IRS get mad at you if you use personal expenses to meet minimum spends for business credit cards? What are some tax writeoffs you can get for being in this hobby? Get excited to find out!

If you are a small business owner, one of the best cards to have is the Chase Ink Business Unlimited. You’ll earn an easy 1.5x for all of your business expenses and pay no annual fee! Additionally, you can consolidate your Chase log ins so that your Chase Ink accounts are under the same log in as your Chase Sapphire account. That way, the cash back introductory bonus you earn on the Chase Ink Business Unlimited card can be used as travel points when transferred to a Chase Sapphire Preferred or Chase Sapphire Reserve! Remember: never ever ever apply for a card through Google. Always use a friend or creator’s links when you apply.

Card of the week: Chase Ink Business Unlimited card

https://milevalue.com/creditcards/chase-ink-business-unlimited/?aff=gbt


This podcast was made in partnership with the Fluz App. The Fluz marketing team is open to working with small creator channels, and I have personally made more than $700 through Fluz’s cashback and referral program in just a few weeks. Would you be interested in a PAID collaboration with Fluz?

If so, Step 1: download the app via my referral code: GEOBREEZETRAVEL and get three (3) vouchers to earn up to 35% cashback on merchants such as CVS, UberEats, Doordash and more!

Step 2: send me an email at julia@geobreezetravel.com letting me know you’d be interested in hosting a paid giveaway, and I’ll introduce you to the Fluz team!

Download the Fluz app at:

https://joinfluz.app.link/GEOBREEZETRAVELPODCAST

You can find Carter at:

Instagram: http:/www.instagram.com/cofield_advisor

You can find Julia at:

Website: https://www.geobreezetravel.com

Instagram: https://www.instagram.com/geobreezetravel

Credit card links: https://www.geobreezetravel.com/cards

Hangouts: https://www.geobreezetravel.com/hangouts

Patreon to access recordings of hangouts: https://www.patreon.com/geobreezetravel

Free 30-minute coaching call: https://www.geobreezetravel.com/calendly

Geobreeze Travel is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

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Julia Menez is a travel hacking coach, speaker, and founder of Geobreeze. Through her content and coaching services, she aims to spread travel hacking to underrepresented communities by featuring the points and miles stories you won't normally find on the first page of Google or in the bigger blogs. Julia has been a speaker for FinconX and has led a travel hacking workshop for thousands of registered attendees at the SHEFACTOR 2020 Launch Your Life Summit, an event that featured speakers such as Bethany Hamilton, Kaitlyn Bristowe, and Missy Franklin. She has also been featured in numerous business and travel podcasts.

geobreezetravel

Julia Menez is a travel hacking coach, speaker, and founder of Geobreeze. Through her content and coaching services, she aims to spread travel hacking to underrepresented communities by featuring the points and miles stories you won't normally find on the first page of Google or in the bigger blogs. Julia has been a speaker for FinconX and has led a travel hacking workshop for thousands of registered attendees at the SHEFACTOR 2020 Launch Your Life Summit, an event that featured speakers such as Bethany Hamilton, Kaitlyn Bristowe, and Missy Franklin. She has also been featured in numerous business and travel podcasts.