Most business owners see their CPA once a year, drop off a folder, and hope for good news. Ryan Mink, CPA, explains why that relationship is costing you money, and what a real one looks like.

Bobby Mink sits down with Ryan, a partner at Suttle & Stalnaker in West Virginia and, as it turns out, his own son, for a plain English walk through the questions every owner asks and almost nobody gets a straight answer to. Do you actually need an LLC? Should you elect S corp status because someone on TikTok said so? Why does the money in your bank account tell you almost nothing about whether your business is healthy?

Ryan has spent 19 years in audit and tax, and he makes the case that the most expensive mistakes he sees are not aggressive ones. They are the quiet ones: jumping into a structure too early, spending a hundred thousand dollars to save thirty, and never asking why.

If you have ever nodded along in a meeting about your own money and had no idea what was being said, this one is for you.

"Just because there's cash in the bank doesn't mean you're doing well."

Chapters:

0:00 The surprise $30,000 tax bill

0:20 Welcome and meet Ryan Mink, CPA

0:52 Inside a full service CPA firm

2:14 Why the same questions come up over and over

4:19 Do you need an LLC?

5:01 An LLC is a liability tool, not a tax strategy

5:30 Single member LLC: the disregarded entity

6:01 What changes when you add a second owner

7:00 S corporations and how the tax savings work

7:39 C corporations and the double taxation problem

10:50 The reasonable compensation problem

12:14 Why leverage matters before you elect S corp

13:13 The S corp downsides nobody mentions

14:25 The truck, the son, and the deemed sale

16:40 Do not jump the gun on S corp

17:47 The taxes nobody warns you about

19:44 Estimated taxes and the four checks a year

21:12 The restaurant that closed over a tax bill

21:41 Profit First: pay yourself before you reinvest

22:52 Do not outspend your growth

24:56 Your CPA should be your partner

25:43 Why once a year is not a relationship

29:52 What a real quarterly check in looks like

30:32 Cash in the bank is not profit

35:45 The windfall and the Florida property

37:25 Do not let tax savings drive business decisions

39:18 The truck trap: $100K to save $30K

40:42 The Toyota Highlander phone call

42:27 Red flags: when to find a new CPA

48:47 Get your books in order

51:08 Seek to understand why

54:54 Takeaways and how to reach Ryan

55:37 Close and how to suggest a topic

Guest:

Ryan Mink, CPA, partner at Suttle & Stalnaker, PLLC, a full service West Virginia CPA firm with four offices offering tax, audit, consulting, bookkeeping, payroll, and virtual CFO services. The firm is a member of Allinial Global.

Mentioned in this episode:

Profit First, by Mike Michalowicz

Suggest a topic for a future episode: ChoiceConsultingMan.com/Podcast

Schedule a coaching conversation: ChoiceConsultingMan.com/contact

Bobby's books, Choices and Clarity: ChoiceConsultingMan.com/books

A video version of this episode is on YouTube. Search Choices Create Change.

This episode is for general education only. It is not tax, legal, or financial advice, and tax rules and thresholds change. Talk to your own CPA or attorney about your specific situation before acting on anything discussed here.

You explained it. They nodded. Two weeks later nobody is doing it. That is not a people problem, it is a clarity problem. In this episode, Bobby Mink wraps up the two-part series on The Advantage by Patrick Lencioni with the part most companies skip: creating clarity, overcommunicating it, and reinforcing it until it sticks.

Bobby walks through the six questions every leadership team has to be able to answer the same way, including why you exist, how you behave, and the one almost nobody gets right, who must do what. Then he gets into why complexity kills execution, why your 33-item checklist is usually fear wearing a process costume, and why the owner who walks the floor giving orders is quietly undercutting every manager in the building.

The back half is the practical part: the meeting rhythm that actually works (daily check-ins, weekly tactical, monthly strategic, quarterly offsite, annual), how to run a review that is not a trip to the principal's office, and how repetition turns into alignment.

Whether you lead 500 people, 15 people, or a family, this is about making sure the people around you actually understand what you are asking for.

In this episode:

- The six critical questions: why do we exist, how do we behave, what do we do, how will we succeed, what is most important right now, and who must do what

- Why core values need descriptive words, not just words on a wall

- The builder who said we are creating a home where families make memories

- Role clarity: the 11-person company where nobody knew who to ask

- A warning for owners: telling someone on the floor what to do knocks the legs out from under their manager

- Why complexity kills execution, and how fear-based checklists and multiple layers of approval cost you real money

- Accountability, ownership, and setting expectations that actually match

- Clarity leaks: why you have to overcommunicate the same message far longer than feels reasonable

- Repetition creates alignment, and the moment you know it is working (when your newest hire quotes a core value back to you)

- The meeting rhythm: daily check-ins, weekly tactical, monthly strategic, quarterly offsite, and annual

- Reinforcing clarity through hiring, exit interviews, quarterly reviews, managing by walking around, promotions, and recognition

- The eight essentials of great organizations

- The biggest lessons from The Advantage, and why great companies are built from the inside out

Mentioned in this episode:

- The Advantage: Why Organizational Health Trumps Everything Else in Business, by Patrick Lencioni

- The Heart of Leadership, by Mark Miller

- "Vision leaks." (Andy Stanley)

"People cannot execute what they do not understand."

Learn more: ChoiceConsultingMan.com/Podcast

Book a coaching call: ChoiceConsultingMan.com/contact

Bobby's books, Choices and Clarity: ChoiceConsultingMan.com/books

Website: ChoiceConsultingMan.com

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Missed part one? Start with Organizational Health Beats Smart Every Time (Ep 16).

Most companies pour all their energy into being smart: strategy, marketing, finance, technology, operations. Very little goes into being healthy. In this episode, Bobby Mink kicks off a two-part series on The Advantage by Patrick Lencioni and makes the case that organizational health, not raw intelligence, is the single greatest competitive advantage any company can have. Part one breaks down the difference between a smart company and a healthy one, why talented companies still struggle, and the signs of an unhealthy organization: politics, confusion, low morale, silos, and poor communication. Bobby then moves into the first discipline, building a cohesive leadership team, and why trust has to come before strategy. Whether you lead a company of 500 or a team of 5, or even a family, this is about creating an environment where people can actually crush it. In this episode: - Smart vs. healthy: why talented companies still struggle - What smart companies focus on, and the three places Bobby sees the biggest struggles (marketing, finance, and technology) - What a healthy organization looks like: trust, productive conflict, commitment, accountability, and results - Why nobody on your front line knows whether to ask Bill, Susie, or John - The hidden cost of an unhealthy culture: politics, confusion, low morale, silos, and wasted energy - Why health pays off: lower turnover, better customer experience, higher profit, faster decisions, and better execution - One company that climbed from 5% margins to 20% margins over three years by getting healthy - The four disciplines of a healthy organization (overview) - Building a cohesive leadership team: trust before strategy - What breaks leadership teams: egos, politics, hidden agendas, and a lack of trust - Vulnerability-based trust: admitting mistakes and asking for help - Authentic leadership and healthy conflict: how to disagree hard and still leave the room united Mentioned in this episode: - The Advantage: Why Organizational Health Trumps Everything Else in Business, by Patrick Lencioni - The Five Dysfunctions of a Team, by Patrick Lencioni - "Everything rises and falls on leadership." (John Maxwell) "Organizational health is the greatest untapped competitive advantage in business." (Patrick Lencioni)