And depending on your particular facts and circumstances, an LLC might be the way to go, or an S Corporation might be the way to go. You know, so it`s usually not planned. They usually talk to their lawyer and he says, well, I like LLCs for asset protection, which is great, okay? But let`s take the legal part and the accounting part and find out what works best for you. 5. Sports Law and Paralegal Work with Ellen Kerr In this episode, I`m talking to Ellen Kerr. Ellen works as a paralegal at Morgan Sports Law. We discuss what it means to be a paralegal, how to get your first job as a paralegal, and everything about the world of “sport law” which is a fascinating part of the law! Are you interested in a legal career, but don`t know where to start? Then you`ve come to the right place! This podcast is a collection of informal conversations with industry experts who help shed light on the specifics of the legal profession. What types of roles are there for lawyers? What`s really behind these job titles? Which path should I take? This podcast will help you answer those questions, make the big decisions in your legal career a little easier, and give you a foot on the legal ladder. A quick introduction to me, why I started this podcast and what you can expect! If you are proactive, you make history. You are looking for legal ways for your clients to reduce their tax bills through good planning. It means communicating and understanding, I do this, I do that. Maybe if I do it a little differently, it could be deductible for me.
That`s what proactive tax planning is. In this episode, I talk to Rachel Segal, an assault lawyer who practices at St. John`s Chambers in Bristol. After deciding to change careers at the age of 40, Rachel switched to academic and graduate research after an already well-established career. Rachel talks about life as a junior personal injury lawyer, typical cases of assault, and the skills needed to work successfully in this field. In this episode, I talk to Madeleine Steele, a student lawyer at Unity Street Chambers in Bristol. Maddie guides us through the process of qualifying as a lawyer in the UK, giving advice for pupillage applications and interviews and how to get the most out of the process! And we`re not talking about breaking the law. We are simply trying to use the tax legislation as advantageously as possible without breaking the law.
No shady stuff here. So, welcome Craig. Can you tell us about yourself? What have you seen in the clients you`ve worked with that you would consider the biggest mistakes people make? Unless you don`t plan proactively? 7. A guide for aspiring lawyers and working in a regional law firm with Zaid Anwar 6. Lawyer Qualification and Student Guide with Madeleine Steele The first question I have for you today, Craig, is: What is proactive tax planning and how can it minimize what we pay in taxes as entrepreneurs? In this episode, I speak with lead counsel Deborah Dinan-Hayward, a marriage finance specialist and ToLATA (The Trusts of Land and Nomination of Trustees Act), a recently appointed financial disputes arbitrator and associate district judge. Drawing on such wealth and experience, Deborah offers a candid insight into the life of a seasoned lawyer, working in marriage finance, and how the pandemic will shape the future of the profession. 8. Life as a Magic Circle Intern and How to Make the Most of Virtual Work with Serena Chang and Imi Clarke Craig, welcome to the show. I am pleased that you are here today to help solve an important problem. I`ve been running my own business for almost 10 years and taxes are one of my biggest issues. Just the thought of having to spend about 40% of what I earn, sending that money directly to the government, it`s probably the biggest sorrow of running my own business, and Craig is going to share with us some strategies to minimize that tax today. In this episode, I talk to Zaid Anwar, a dispute resolution lawyer at Lennon`s solicitors.
Zaid tells us what it`s like to work at a regional law firm, the successes and challenges of its journey to qualification, and offers excellent advice to aspiring lawyers who are at the beginning of their respective journeys. An episode not to be missed! 4. Life as a Personal Injury Barrister & Personal Injury Law with Rachel Segal 3. The role of General Counsel and In-House Counsel in private practice with Jonathan Hughes Sure. Thank you for inviting me. I`m really excited to be here. Yes. I am a Chartered Accountant, CPA. I am also a certified tax coach. I am a business owner. I am a former NYPD lieutenant. I have been doing accounting for about 18 years now.
In this episode, I talk to Edward Platts, a future student at Herbert Smith Freehills and a law graduate. Ed explains what actually goes on in a vacation program, how to get that important apprenticeship contract, and gives us insight into how non-lawyer students, in particular, can make sure they stand out throughout the process. Right. The first is planning failure. You know, just people. You look at accounting and tax preparation as a cost item, not an income item. So they kind of fail. The next thing is usually choosing the wrong business unit to run your business. It`s like, what planning was required to select this entity? Are you an LLC? Are you a business? Are you an S Corporation? Why did you make that decision? I`m glad to have you with me, because I. You know, sometimes I try to tackle a financial or tax issue and I have to leave the caveat. I am not a chartered accountant and I am not a lawyer, so I am glad that you can come and talk about these topics and that we get the expert opinion directly from the expert. In this episode, I speak to Jonathan Hughes, who was previously a partner at two U.S.
law firms and, most notably, was the first global general counsel of Barclays Investment Bank (formerly Barclays Capital). Jonathan compares the two different leadership positions and breaks down the general counsel role in detail, giving advice on how to succeed as a corporate lawyer and whether this path is right for you. So what proactive tax planning is, most people are used to what we call reactive tax planning, which is a kind of rear-view mirror. You meet with your accountant or CPA, maybe in February, March or April, and they`re just recording the story. He doesn`t write history. I know that with my CPA it is. You know, I manage all my books, I put them in QuickBooks, I send a file to my CPA after the end of the year, and they prepare my taxes.