In this week’s episode of the GPS to Your Business Success podcast, we dive into the implications of relocating your business or residence, inspired by the classic song from Eric Burdon and the Animals, “We Gotta Get Out of This Place!” Join host Nick Papakyrikos, as he explores the challenges faced by residents in high-tax states like CA, MI, NJ, and NY. Learn about the importance of establishing a new domicile, the necessary documentation to support your move, and how to navigate the complexities of state residency requirements.
As we unpack these topics, we’ll provide practical insights to help you assess whether a change of residency could benefit your financial situation. Whether you're considering a move for tax reasons or a lifestyle change, this episode offers valuable guidance to help you make informed decisions. Tune in to discover how to steer your business and financial goals back on track!
00:00 Introduction and Podcast Overview
01:18 The Impact of State Income Taxes
02:06 Meet your Host: Nick Papakyrikos
03:21 Sponsor Message
06:17 Understanding Residency Changes
08:11 Proving Your Residency Change
13:12 Common Mistakes and How to Avoid Them
18:15 Using Technology to Track Residency
25:30 Conclusion and Final Thoughts
Special Thanks to Our Sponsors: Steer CRM and Auto Shop Answers
Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.
Auto Shop Answers is an industry-leading automotive shop training program led by Todd Hayes, COO of Adams Automotive in Houston. Learn more at autoshopanswers.com.
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