Welcome to another exciting episode with the Karwells! Today, we are thrilled to introduce you to Steven Gabrielsen, a seasoned CPA and MBA, and the President of Creative Advising, LLC.With over eight years of experience as a CPA and tax strategist, Steven's mission is to empower individuals who are thriving in their careers to minimize their tax liability and secure their financial futures.In this episode, Steven dives into the world of tax strategies, providing invaluable insights for anyone involved in short-term rentals. He sheds light on the numerous benefits of having a single point person to navigate the complexities of business setup, as well as the advantages of working with a dedicated tax strategist.Steven also delves into the essentials of assembling the ideal team for real estate professionals, and the crucial aspects of setting up an asset protection and deal structure. His expertise in asset protection advice will leave you better equipped to safeguard your investments.Discover the art of writing off business expenses, a skill that can help you optimize your financial situation. Steven also unravels the advantages of making the switch to an S Corporation, opening doors to tax benefits you may not have considered.Join us for this enlightening conversation with Steven Gabrielsen as we explore the world of tax strategies, asset protection, and the path to financial success. Tune in to Snapback CPA and learn how to take control of your financial future! ????TIMESTAMPS:00:18 - Guest Intro: Steven Gabrielsen01:19 - Tax Strategies for Short-Term Rentals04:01 - Horror story05:01 - Benefits of having one person for business setup10:01 - Benefits of a Tax Strategist15:01 - Real Estate Professional's Ideal Team20:01 - Setting up an asset protection and deal structure25:00 - Asset Protection Advice30:00 - Tax Strategies for Emily and Steven35:01 - Writing off business expenses40:00 - Benefits of switching to an S Corporation45:01 - Steven Gabrielson of Snapback CPA46:02 - ClosingConnect with the KarWellsWebsite: https://thekarwells.space/stay-with-us-2YouTube: https://www.youtube.com/@thekarwells/aboutInstagram: https://www.instagram.com/thekarwells/TikTok: https://www.tiktok.com/@thekarwellsConnect with the GuestWebsite: https://www.creative-advising.com/Linkedin: https://www.linkedin.com/in/stevengabrielsen/YouTube: https://www.youtube.com/channel/UCamKZcOVQjBWY832mOO4FtwInstagram: https://www.instagram.com/snapbackcpa/TikTok: https://www.tiktok.com/@snapbackcpa?lang=enLinktree: https://linktr.ee/stevengabrielsenHosted by Emily Karnaz & Sarah Glidewell // The KarWells Intro Music: We Are One by Vexento https://soundcloud.com/vexento https://www.youtube.com/user/Vexento Free Download / Stream: http://bit.ly/2PaIKcR Music promoted by Audio Library https://youtu.be/Ssvu2yncgWU You can view the video & audio version on our Youtube Channel Thanks for listening!