Episode Details

Unlock Big Tax Savings with Renewable Energy Credits with B•10 Energy

B10energy.com

About the Guest(s):
Eric Gordon is the Vice President of Professional Services at B•10 Energy, a company specializing in renewable energy tax credits. He holds a degree from Boise State University and began his career in accounting before transitioning to commercial real estate. Gordon’s professional journey includes a stint as an auditor with Deloitte, where he sharpened skills in areas such as pre-acquisition due diligence and asset purchase negotiations. Outside of his professional commitments, Eric is an avid traveler, baseball fan, and enjoys spending quality time with his family.

Episode Summary:
In this engaging episode of The Chris Voss Show, host Chris Voss speaks with Eric Gordon, the VP of Professional Services at B•10 Energy, a firm dedicated to assisting individuals and corporations in saving money through renewable energy tax credits. With a blend of insightful conversation and humor, the episode delves into B•10 Energy’s mission of making accounting — and by extension, tax savings — an exciting and profitable endeavor for its clients.

Eric Gordon discusses the intricacies and benefits of tax credits, particularly focusing on the renewable energy sector. The dialogue covers how B 10 Energy positions itself as a unique player in helping businesses and individuals maximize tax savings, emphasizing the opportunity to invest in tax credits at a discount. Gordon attributes much of his interest in accounting and tax strategy to a motivating early experience with an academic mentor, highlighting how the right guidance can pivot a career trajectory. He opens up about the company’s vision of enabling businesses to change the world by offering tools that enhance their financial health.

Key Takeaways:
The Difference Between Deductions and Credits: Understanding the unique characteristics of tax credits, which provide a direct dollar-for-dollar reduction in tax liability, unlike deductions.
Investment Opportunities in Tax Credits: Insights into how profitable corporations and high net worth individuals can leverage renewable energy tax credits for substantial tax savings.
Transferability of Tax Credits: Highlighting recent changes stemming from the Inflation Reduction Act, which allows tax credits to become transferable for the first time.
Strategic Use of Tax Credits: The pivotal role tax credits play in financial planning for those with significant passive income or those who own C-corporations.
Educational Mission: Eric Gordon emphasizes the importance of