Podcasts about deductions

In this episode, Catrina M. Craft shares expert insights on tax strategies, entity structures, and deductions for entrepreneurs, emphasizing proactive planning and the importance of working with a strategist to optimize wealth building."Start planning now before it's too late."Chapters:00:00 Introduction to Proactive Tax Planning02:05 Introduction of Catrina M. Craft and Episode Context04:06 Using an Accountability Plan for Reimbursements06:26 Starting Tax Strategies Before Making Six Figures09:02 Risks of Not Having an Accountability Plan12:11 The Complexity of the Tax Code15:13 Difference Between Bookkeepers, Accountants, and CPAs16:21 The Value of Working with a Tax Strategist17:18 Upcoming Topics on Charitable Donations18:33 Encouragement to Follow and Learn MoreMore Key Takeaways:*Tax strategy importance for entrepreneurs*Entity structures and their impact on taxes*How to properly reimburse business expenses*Timing for tax season"It's just like a doctor, you have specialists."EPISODE #1/10: Unlocking Tax Strategies for Entrepreneurs: January 26, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18570362-unlocking-tax-strategies-for-entrepreneursEPISODE #2/10: Unlocking Home Office Deductions February 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18646020-unlocking-home-office-deductionsEPISODE #3/10: Hidden Tax Strategies Revealed: March 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedEPISODE #4/10: Strategic Family Travel & Tax Benefits: June 10, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedEPISODE #5/10: The Top 3 Tax Mistakes Entrepreneurs Make: July 29, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/19565414-the-top-3-tax-mistakes-entrepreneurs-makeSend us Fan MailSupport the showRemember to subscribe for the next episode. Show Partner: ComingAlive PodcastProduction.comMusic Credits: Copyright Free Music from Adventure by MusicbyAden.

In this episode, Catrina M. Craft shares expert insights on tax strategies, entity structures, and deductions for entrepreneurs, emphasizing proactive planning and the importance of working with a strategist to optimize wealth building.Check back for the full episode on August 26 at 4:00 AM ESTSend us Fan MailSupport the showRemember to subscribe for the next episode. Show Partner: ComingAlive PodcastProduction.comMusic Credits: Copyright Free Music from Adventure by MusicbyAden.

Spider-Man: Brand New Day is a new Box Office champion! Then we discuss Academy News and the Lineups for the Venice, New York and Toronto International Film Festivals, amongst several other pressing industry topics before ending with our thoughts on La Bola Negra's theatrical release date plan, the Peacock/YouTube update and that WB/Paramount deal. BOX OFFICE REPORT: Spider-Man: Brand New Day sets all kinds of records - 1:11 The Odyssey holds strong - 5:36 ACADEMY NEWS: Lynette Howell Taylor is re-elected as President of AMPAS - 8:44 THE VENICE FILM FESTIVAL LINEUP: Venice has an opening night selection in Ink - 11:09 - Only 1 female directed film lands in the main competition - 12:40 - Main Competition notables from Primetime to Lee Change Dong - 22:05 Werner Herzog calls in to promote Bucking Fastard! - 25:05 NEW YORK FILM FESTIVAL 64: Godzilla Minus Zero is the Spotlight Gala - 27:59 Paper Tiger & 14th are the Opening and Closing Nighters - 29:17 Behemoth is the Centerpiece & we review the Teaser Trailer - 32:24 Thoughts on the rest of NYFF 64's Main Competition - 35:18 TIFF: I Play Rocky and it's 1st trailer - 36:05 Misty Green's first trailer from Chris Rock - 39:28 Other TIFF Galas for potential contenders like Elsinore & Tender Loving Care - 42:23 Intriguing Premieres from Filmmakers like Courtney Cox & Michael Dowse - 50:43 Previously Announced Big Premieres & Crossovers From Sundance - 56:24 - Cannes Crossovers & La Bola Negra's Theatrical Play + Netflix Questions, YouTube/Peacock Deal Reactions & TIFF People's Choice Award Speculation - 59:12 - Crossovers from Venice & Deductions for Telluride - 1:08:08 Films Not Going To Any Festivals? - 1:10:22 Luca Guadagnino's Artificial finds a new home at NEON - 1:17:27 Paramount/WB Thoughts - 1:19:05 OUTRO: Make sure to follow us on social media for daily videos (on tiktok & instagram) +++ written reviews (on Letterboxd). We're everywhere on the internet, and we're all over the place in this outro, discussing our future plans for YouTube, etc. https://linktr.ee/mikemikeandoscar

This week on the Oakley Podcast, Jeremy Kellett sits down with young dispatchers Kyle Williams and Alden Hazelwood to talk about their paths to Oakley Trucking, starting in the shop, and how that hands-on experience now shapes the way they dispatch. They discuss key topics like the 2290 heavy road use tax reminder, the dangers of road rage and speeding, and why communication between drivers, dispatch, and customers is critical. Kyle and Alden explain their day-to-day responsibilities, how they plan loads, manage problems like breakdowns, and track settlements to ensure owner-operators get good miles and pay. They also highlight the importance of relationships, understanding geography and different dry bulk divisions (hoppers, pneumatics, end dumps), and seeing things from both the customer and driver perspective. The main takeaway for listeners is that successful trucking at Oakley depends on safety, clear communication, mutual trust, and a shared commitment between dispatch and owner-operators to pull in the same direction. Key topics in today's conversation include: Reminder About 2290 Heavy Road Use Tax Deadline (1:10) Discussion on Road Rage, Speeding, and Driver Professionalism (2:17) How Alden Found Oakley and His Previous Fiber Optic Job (7:27) How Kyle Pivoted From Physical Therapy to Dispatch at Oakley (8:51) How Shop Experience Helps Them Now in Dispatch (12:14) Learning Geography and Load Planning Challenges (14:03) Daily Responsibilities and Morning Problems in Dispatch (16:49) Importance of Communication vs Confrontation With Drivers (19:42) Bringing Drivers in for Face to Face Meetings About Issues (22:17) Young Dispatchers Working With Veteran Owner-Operators (24:05) Learning Drivers' Hobbies and Building Relationships (27:36) Differences Between Pneumatics, Hoppers, and End Dumps (28:39) What Dispatchers Want From Drivers to Make Jobs Easier (31:12) How Dispatchers Protect Driver Earnings and Check Settlements (32:37) Reviewing Miles, Deductions, and Detention on Settlements (34:09) Final Thoughts and Takeaways (35:11) Oakley Trucking is a family-owned and operated trucking company headquartered in North Little Rock, Arkansas. For more information, check out our show website: podcast.bruceoakley.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Individual retirement accounts (IRAs) are one of the most widely used retirement savings vehicles, yet many investors are unsure how they work. Mark Riepe breaks down IRA basics, including traditional IRAs, Roth IRAs, contribution limits, tax advantages, withdrawal rules, and eligibility requirements. He also explains key differences between IRA types and offers a framework for evaluating which option may fit your retirement-planning goals. Whether you're opening your first IRA or comparing retirement account options, this episode provides a practical guide to understanding the fundamentals. After you listen: Read the article "What Is an IRA? Traditional, Roth, and Other Types of IRAs." Learn more about IRAs and what to consider for your retirement planning. Financial Decoder is an original podcast from Charles Schwab.  If you enjoy the show, please leave us a rating or review on Apple Podcasts. Reach out to Mark on X @MarkRiepe with your thoughts on the show. Follow Financial Decoder on Spotify to comment on episodes. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Roth IRA conversions require a 5-year holding period before earnings can be withdrawn tax free and subsequent conversions will require their own 5-year holding period. In addition, earnings distributions prior to age 59 1/2 are subject to an early withdrawal penalty. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax.  You generally have to start taking required minimum distributions (RMDs) no later than April 1st of the year following the calendar year you reach age 73 or retire, whichever is later. If you were born on or before June 30, 1949, the required minimum distribution age is 70½. If you were born after June 30, 1949 and before January 1, 1951, the required minimum distribution age is 72. If you own 5% or more of the business sponsoring the Plan, other provisions may apply. Refer to your Plan document for details. However, you are not required to take a minimum distribution from your Roth accounts during your lifetime. A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options, which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution (taxes and possible withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment-related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances. Investing involves risk, including loss of principal. ​Past performance is no guarantee of future results. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc. 0826-RTYC Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

legacy nutrient soil tax deductions for farmers, ranchers and land owners. Boa Safra Ag is the leader in this space and tells us how it is done. This technique has been used by the very wealthy owners for many years. Now you can also leverage these tax savings, listen to this...

Eric Brunner is a CPA based in Milwaukee. On today's show we are talking about which types of improvements must be capitalized versus expensed. Many accountants get this wrong and create tax liability for their clients by mistake. To connect with Eric, visit him on LinkedIn------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)  

A taxpayer says their preparer claimed fake mortgage interest on multiple returns, resulting in large refunds, two IRS audits, and a $25,000 tax bill. I explain who is responsible for the tax, how to report the preparer, whether penalties could be removed, and what the taxpayer should do about the unaudited 2023 return.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Some National Service personnel are calling on the Economic and Organised Crime Office (EOCO), the Office of the Special Prosecutor (OSP), the Attorney General's Office (AG), and the Criminal Investigations Department (CID) to investigate the alleged deduction of GH¢60 from their monthly allowances without their knowledge or consent

The One Big Beautiful Bill has been in effect for a year — but are taxpayers actually seeing the benefits? In this episode of Dollars & Sense, Joel Garris and Christina Lamb break down the latest tax changes, including larger standard deductions, new rules for tips and overtime, the senior deduction, charitable giving updates, and the expanded SALT deduction. They also explain the newly launched Trump Accounts, including who may qualify for the $1,000 government contribution, how these accounts compare to 529 plans and custodial Roth IRAs, and why families should understand the rules before contributing. Plus, Joel and Christina discuss current market headlines, strong earnings season results, rising margin debt, leveraged ETFs, cryptocurrency volatility, and why investors should stay disciplined even when markets feel strong. If you want to better understand how recent tax law changes, family savings options, and investment risks may affect your financial plan, this episode is for you. Topics covered include: Trump Accounts, the One Big Beautiful Bill, 2026 tax deductions, senior tax planning, charitable giving rules, SALT deduction changes, earnings season, leveraged ETFs, margin debt, bitcoin volatility, and long-term investment discipline. 

Distributor deductions can quietly drain a CPG brand's margins, especially when there is no clear process for planning, reviewing, and disputing them. In this episode, I sit down with Yuval Selik, co-founder and CEO of Promomash, to explore how AI is changing deduction and trade spend management.We discuss where AI can save time, why clean data and proactive planning still matter, and why experienced people must remain involved in every decision. Yuval also shares why relying entirely on AI could lead to inaccurate accruals, incorrect promotional matching, unnecessary disputes, and damaged distributor relationships.Startup to Scale is a podcast by Foodbevy, an online community to connect emerging food, beverage, and CPG founders to great resources and partners to grow their business. Visit us at Foodbevy.com to learn about becoming a member or an industry partner today.

Cameron is joined by Alexis Gallati, Founder & Tax Strategist at Cerebral Tax Advisors, to explore the critical role of tax planning for practice owners. They discuss the importance of having a tax strategist versus a traditional CPA, recognizing when to seek expert advice, and various strategies to optimize tax savings. Key topics include understanding ordinary income, the implications of entity structure, maximizing deductions, and retirement account strategies such as backdoor Roth IRAs and 401(k) plans. They emphasize the need for proactive tax planning to preserve wealth and enhance financial outcomes for medical practice owners. Cameron and Alexis talk about various strategies for maximizing retirement contributions, involving children in financial planning, leveraging equipment for tax benefits, and utilizing real estate as a wealth-building strategy. They highlight the importance of proper planning and education in financial matters, as well as the potential for significant tax savings through strategic investments and contributions. Listen In!Thank you for listening to this episode of Medical Millionaire!Takeaways:Tax optimization is crucial for practice owners.Most CPAs focus on historical data, not future planning.Recognizing when to seek a tax strategist is key.Ordinary income is taxed differently than passive income.Entity structure impacts tax liabilities significantly.Maximizing deductions can lead to substantial savings.Understanding basis is essential for tax planning.Retirement accounts offer significant tax-saving opportunities.The backdoor Roth IRA is a strategy for high earners.401(k) plans can provide both pre-tax and post-tax benefits. Maxing out retirement contributions can lead to significant savings.Cash balance plans allow for higher retirement contributions.Involving children in the family business can provide tax benefits.Children can earn money and contribute to their Roth IRAs.Equipment purchases can be written off using Section 179.Bonus depreciation allows for immediate tax deductions on equipment.Real estate can be used to offset ordinary income through depreciation.Proper documentation is crucial for tax strategies.Planning ahead is essential for financial success.Working with a knowledgeable tax strategist can maximize benefits.Medical Millionaire: The Blueprint for Scaling a World-Class Medical Aesthetics PracticeWelcome to Medical Millionaire, the go-to podcast for forward-thinking Medspa owners, Medical Aesthetics leaders, Plastic Surgery & Dermatology practices, Concierge Wellness clinics, and Elective Healthcare entrepreneurs who are ready to scale with intention and operate like a true, high-performing business.If you're building, growing, optimizing, or preparing to exit your aesthetics or wellness practice, this show is your competitive advantage.Hosted by Cameron Hemphill Your Guide to Sustainable, Scalable Growth Your host, Cameron Hemphill, is one of the most trusted growth strategists in Medical Aesthetics and Elective Wellness.With over 10 years in the industry, Cameron has helped scale 1,000+ practices and more than 2,300 providers, working alongside the most recognized KOLs, national brands, EMRs, tech companies, and private equity groups, shaping the future of aesthetics. From marketing to operations, from finance to leadership, Cameron brings a real-world, data-driven perspective on what it takes to turn a practice into a powerful business engine.What This Podcast Is All About: Each episode takes you behind the scenes of the fastest-growing practices in the country, revealing the systems, strategies, and mindset required to win in today's Medical Aesthetics landscape.Expect tactical insights, step-by-step frameworks, and conversations with:Industry thought leadersTop injectors & medical directorsEMR & tech innovatorsOperations expertsMarketing strategistsPrivate equity & M&A advisorsWellness and longevity pioneersThis is where aesthetics, business, technology, and wellness converge. What You'll Learn on Medical Millionaire Every week, you'll access expert guidance to help you scale profitably and predictably, including:Marketing & Brand PositioningCRM + Lead Management SystemsPatient Acquisition & ConversionEMR Optimization & Tech Stack ArchitectureSales Psychology & Consultation MasteryFinance, KPIs, and Practice EconomicsOperational Workflows & AutomationIndustry Trends Backed by Real Benchmark DataPatient Retention & Lifetime Value ExpansionMindset, Leadership & Team DevelopmentWhether you're opening your first location or running a multi-million-dollar enterprise, you'll gain the clarity and direction to grow with confidence. A Show Designed for Every Stage of Practice Growth Medical Millionaire breaks down the journey into four essential stages, showing you exactly how to move from one to the next:Startup – Build the foundation and attract your first wave of patientsGrowth – Scale revenue, expand services, and strengthen operationsOptimize – Increase efficiency, margins, and customer experienceExit – Prepare your practice for maximum valuation and acquisitionIf You're Ready to Grow, This Is Where You Start. Tune in weekly for actionable insights, expert interviews, and the exact playbooks high-performing practices use to dominate their markets. This is the podcast for Medspa owners who want more than a job; they want a scalable, profitable, industry-leading business. Welcome to Medical Millionaire.Let's build your practice into the empire it deserves to be.

Selling a highly appreciated business, property, or investment usually means writing a big check to the IRS — but the tax code offers legitimate ways to reduce or eliminate that bill. Most people either don't know these strategies exist, or assume they're only for the ultra-wealthy.In this episode, Michael Haslam and Nathan Croxford break down six legal levers for reducing your taxes — from structuring a sale so it's never a taxable event, to deferring gains for decades, to shifting income to family members in a lower bracket. They cover who each strategy actually helps (business owners selling to family, real estate investors, high income earners, anyone sitting on an appreciated asset), why a properly structured trust can turn a taxable sale into a non-event, and why any strategy — no matter how good it sounds — needs to be vetted by a real tax attorney before you use it.Key Takeaways:The Non-Taxable Sale: How selling a business to a properly structured trust for your kids — instead of directly to them — can eliminate the taxable event entirely.The 1031 Exchange: How real estate investors defer capital gains taxes indefinitely by swapping properties, and why holding until death can erase the deferred gain for good through stepped-up basis.Deductions vs. Credits: Why a tax credit saves you a dollar-for-dollar amount while a deduction only saves you your tax rate — and how a cost segregation study can turn a $1M building purchase into a $300,000 deduction.Changing Your Tax Category: Why capital gains rates beat ordinary income rates for high earners, and how an S Corp structure eliminates self-employment tax on profit distributions.Michael Haslam and Nathan Croxford are practicing attorneys at Voyant Legal in Utah. This episode is for educational purposes only and does not constitute legal advice. Visit voyantlegal.com or call 801.951.0500.

When it comes to planning for retirement, Roth IRAs have gained widespread attention for their tax-advantaged status and the promise of tax-free withdrawals in retirement. Financial experts, YouTubers, and podcasters have been touting the benefits of contributing to or converting assets into Roth accounts for years. But an often-overlooked vehicle could empower you to manage your investments just as efficiently: the humble taxable brokerage account. Surprisingly, with the right strategy, you can even pay 0% capital gains tax, mirroring one of the biggest appeals of a Roth.    You will want to hear this episode if you are interested in... 00:00 Overlooked benefits of after-tax brokerage accounts 02:29 Limitations of the Roth IRA 06:20 Tax implications of brokerage accounts 07:57 Tax benefits of growth stocks 13:14 Understanding Tax Brackets and Deductions 16:53 Inheritance rules for IRAs vs. brokerage accounts 17:44 Managing taxable brokerage accounts Understanding Taxable Brokerage Accounts A taxable brokerage account lets you invest in virtually anything: stocks, mutual funds, bonds, ETFs, and more. These accounts, however, are often dismissed when compared to their tax-advantaged counterparts because:   Annual Taxation: Every year, you pay tax on dividends, interest, and any realized gains. Ordinary Income Tax on Short-Term Gains and Interest: Holdings sold within one year and earned interest are taxed at your regular income rate. Potential for Long-Term Capital Gains Tax: Sales after more than one year are taxed at the long-term capital gains rate, which is typically lower.   When used strategically, they offer flexibility and powerful tax advantages.   Making Your Brokerage Account Behave Like a Roth The key to unlocking Roth-like benefits is understanding how and when taxes apply—and how to minimize them. Invest strategically and focus on growth over dividends. Choose investments that don't pay dividends, such as growth stocks or low-dividend index funds. No dividends mean no annual income to be taxed because gains are only taxed when you sell. You can also use Index Funds and ETFs, which usually distribute minimal dividends and capital gains, keeping annual taxes low. Avoid open-end mutual funds in taxable accounts, as they tend to generate capital gains every year, eroding long-term growth with recurring taxes.   Realizing 0% Capital Gains If your total taxable income (after deductions) stays within the 12% tax bracket—a figure that for 2026 is $50,400 for singles and $108,800 for married couples file jointly—you can sell appreciated assets and owe 0% in federal capital gains tax. It's wise to time withdrawals, plan major sales during years with little other income—such as early retirement or a gap year—to fall within the 0% bracket. Keep an eye on your other sources of income: IRA withdrawals, Social Security, and pensions count toward taxable income, potentially bumping gains into the taxable range.   Estate Planning Advantages Taxable accounts also offer:   Ability to Borrow: Take loans against your investments without triggering taxable events Step-Up in Cost Basis: Heirs inherit assets at their market value on your death, often eliminating capital gains on past appreciation—a feature that Roths don't fully replicate. By understanding how to structure and manage your taxable brokerage account, you can access strategic flexibility—not just in managing withdrawals, but in transferring wealth to future generations. The "secret" is simply knowing and applying the rules, with tax-aware investing and withdrawal strategies smoothing the way for potentially tax-free wealth growth and transfer.  Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE    Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan  

Show Notes In this episode of Be a Smarter Homeowner, host Beth Dodson sits down with Craig Sheets, founder of Crestville Accounting, to unpack one of the most misunderstood parts of homeownership: taxes. Craig brings nearly 25 years of senior-level accounting experience and helps individuals and business owners not only stay compliant, but also make smarter financial decisions throughout the year. Together, Beth and Craig discuss how homeowners can better understand deductions, tax planning, rental property rules, renovation records, mortgage interest, inherited homes, and the importance of working with a knowledgeable CPA. This conversation covers practical tax considerations for both primary residences and rental properties, including the difference between repairs and capital improvements, how renovations can affect your cost basis, what rental property owners should know about depreciation, and why keeping detailed records can make a major difference when it is time to file taxes or sell a home. Topics covered include: Homeowner tax myths, Schedule A deductions, sales tax deductions, mortgage interest, real estate taxes, rental property deductions, cost segregation, depreciation, repairs versus renovations, capital improvements, tax basis, inherited homes, revocable and irrevocable trusts, energy-efficiency tax credits, and why planning with your CPA matters. Important note: This episode is for educational purposes only. Tax laws and individual situations vary, so homeowners should consult their own CPA, accountant, or financial advisor before making tax decisions.   Episode Summary Your home is often your largest financial asset, but many homeowners do not fully understand how it connects to their tax strategy. In this episode, Beth Dodson talks with CPA Craig Sheets about the deductions, credits, planning opportunities, and recordkeeping habits homeowners should know. Craig explains why tax planning should happen year-round, not just during filing season. He discusses how homeowners may be able to deduct certain taxes, mortgage interest, sales tax on qualifying renovations, and energy-efficient upgrades. He also breaks down the difference between a repair and a renovation, explaining why that distinction matters for tax purposes. For rental property owners, Craig goes deeper into depreciation, cost segregation, active versus passive management, possible travel and business-related deductions, and the importance of understanding how a property is owned. Beth and Craig also explore how renovations can affect a home's tax basis and why detailed project records can help homeowners reduce potential capital gains later. The episode closes with practical advice: keep receipts, track home improvements, document energy-efficient upgrades, communicate with your CPA before major projects, and treat your home like the financial asset it is.   Key Takeaways Homeowners may miss deductions simply because they do not know what to track. Repairs and renovations are treated differently for tax purposes. Rental property ownership comes with additional rules, deductions, and planning opportunities. Cost segregation may help rental property owners accelerate depreciation. Home improvements can increase your tax basis, which may matter when you sell. Mortgage interest can be part of an itemized deduction strategy. Energy-efficient upgrades may qualify for tax credits, which can be more powerful than deductions. Inherited homes and trusts can create tax consequences that should be planned carefully. Good recordkeeping can save homeowners money. The best tax strategy usually begins before the project, purchase, sale, or filing deadline. Chapters 00:40 Understanding Homeownership and Taxes 01:52 Myths and Misconceptions in Home Taxation 05:40 Deductions for Home Renovations 10:42 Navigating Rental Property Deductions 15:38 The Importance of Active Management in Rentals 20:35 Repairs vs. Capital Improvements 22:24 Understanding Repairs vs. Renovations 24:25 Appliances and Their Tax Implications 27:29 The Impact of Renovations on Capital Gains 32:10 Tax Basis and Renovations Explained 36:18 Living in Your Home: Tax Implications 39:47 Mortgage Interest Deductions: A Double-Edged Sword 41:24 Understanding Mortgage Interest Deductions 42:56 The Benefits of Homeownership 44:41 Renovations and Their Impact on Home Value 48:19 Inheriting a Home: Key Considerations 53:36 Tax Tips for Homeowners

This Show has been aired before Chris Justice, an employment lawyer with Samfiru Tumarkin puts an end to all the myths around unethical dismissals and how you can them deal with them.

You spend money on meals and travel all the time; Client lunches, flights, hotels, conferences, team dinners, and networking events are all part of running a business.But most business owners don't know what is actually deductible anymore.In this episode, Mike breaks down the 2026 rules for meals, travel, and entertainment deductions. He explains what still qualifies, what changed, what is no longer deductible, and how business owners can turn everyday spending into legitimate tax savings without creating unnecessary IRS risk.

Most real estate investors are leaving hundreds of thousands of dollars on the table… without even realizing it. What if a $37K deduction could turn into $300K+ in year one? In this episode, we break down: Cost segregation (and why it's a game changer) How bonus depreciation is back And how smart investors are massively accelerating tax savings If you own real estate—or plan to—this is one you don't want to miss. _______________________________________ Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals. Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes. For additional information and links to all available platforms please visit our website at www.wealthgame.io Contact Us: Websites: www.wealthgame.io www.bementcompany.com You can also stream The Wealth Game on: Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155 Connect with Brent Bement: LinkedIn: www.linkedin.com/in/brentbement X: https://x.com/brentbement Instagram: https://www.instagram.com/brentbement/

Most business owners avoid the home office deduction because they think it's risky. That's flat-out wrong. In this episode, we break down a powerful tax strategy that can legally save you thousands every year. You'll learn how the home office deduction really works, even if you have another office. We explain how to use it for administrative tasks and how to set up an accountable plan to make it clean and IRS-compliant. This is real, practical CPA advice focused on tax planning, tax savings, and smarter business finance decisions. No fluff. Just clear steps you can use. If you want better tax strategies and more control over your money decisions, this episode matters. Listen now and stop leaving money on the table.   Next Steps: ➡️ Overpaying your CPA and the IRS? Learn how to stop it in this free training: https://go.phillipsbusinessgroup.com/registration

This week on the Oakley Podcast, Jeremy Kellett sits down with Todd Amen, president of ATBS, to break down the 2026 trucking market, how recent tax law changes (including the Big, Beautiful Bill Act) impact owner operators, and what truck drivers should be doing right now in tax season. They cover extensions, quarterly estimated taxes, the power of the qualified business income deduction, and how per diem really works in simple, practical terms. Todd explains common, often-missed deductions specific to truckers, how the ATBS app helps track income, expenses, and per diem, and why maintenance reserves and smart money management separate profitable owner operators from those who struggle. The episode closes with guidance for drivers who are behind on taxes, free tools available from ATBS, and how Oakley owner operators compare financially to the broader industry. Key topics in today's conversation include: Welcome to Today's Episode with ATBS (0:42)   Episode Overview, Guests, Sponsors, and Bulk Loads Video Series (3:16)   Introducing Todd Amen and Current Trucking Market Outlook for 2026 (6:51)   Tax Season Strategy, Extensions, and Paying Quarterly Estimated Taxes (10:01)   Impact of Big Beautiful Bill Act on Truckers' Taxes and Deductions (13:15)   Per Diem Rules for Truck Drivers and How to Track Days on the Road (17:03)   ATBS Mobile App Features for Capturing Receipts and Managing P and L (20:02)   What Separates Profitable Owner Operators from Those Who Struggle (23:19)   Maintenance Costs, Reserve Accounts, and Equipment Breakdowns (26:11)   Handling Back Taxes, Unfiled Returns, and Working with the IRS (29:30)   Free Owner Operator Tools on ATBS Website and Deduction Lists (32:19)   How Oakley Owner Operators Compare on Net Income and Performance (35:49)   Owner Operator Model as Win-Win for Carriers and Drivers (0:37:42) Oakley Trucking is a family-owned and operated trucking company headquartered in North Little Rock, Arkansas. For more information, check out our show website: podcast.bruceoakley.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This special bonus episode of So Money is brought to you by TurboTax Experts for Business.And today, we are tackling a topic that so many of you are thinking about right now… taxes.If you are freelancing, consulting, running a side hustle, or fully self-employed, this episode is for you.Because here is the truth. No one really prepares you for this part of entrepreneurship. One minute you are feeling proud of the income you are generating on your own, and the next you are wondering, wait… what does this mean for my taxes?Joining the show is CPA and TurboTax expert Lisa Greene-Lewis, who has more than 20 years of experience helping individuals and small business owners navigate the tax code. She has also been self-employed herself, so she gets it. The overwhelm, the confusion, and yes, the fear of doing something wrong or leaving money on the table.We unpack:The biggest mistakes solopreneurs make when filing taxes and how to avoid themWhat you actually need to know if you are earning income outside a traditional jobWhy quarterly estimated taxes matter and what happens if you skip themDeductions you might be missing, including home office, startup costs, and even your carHow to stay organized without making this a full-time jobWhat really triggers an audit and what does notWhether filing an extension is a smart moveHow TurboTax Can Support YouOne of the things I appreciate about TurboTax Experts for Business is that you have options.You can file your taxes working alongside an expert, or you can hand it off to a pro who can do it for you! - either way, you're matched with an expert that knows your specific industry. That part is key. Whether you are a freelancer, consultant, or small business owner, you can get matched with someone who knows your world.They also offer year-round support, which means you do not have to wait until next April to ask your questions. And with new tools, including AI features, they can help you stay organized and even uncover deductions you might not realize you qualify for. Visit TurboTax.com/Business to learn more. Hosted on Acast. See acast.com/privacy for more information.

We hosted a concise and practical discussion on tax planning after OBBBA, led by Senior Accountant Juhi Khandelwal and Client Services Manager Arianna Gonzalez, MBA. The session focused on the critical shift from maximizing deductions to managing adjusted gross income (AGI), which now drives eligibility for deductions and credits and can expose individuals to additional taxes such as NIIT.The presenters covered key strategies, including SALT cap considerations and passthrough entity tax elections, AGI reduction techniques, charitable contribution planning ahead of upcoming changes, and opportunities related to retirement distributions, capital gains, and business deductions. Attendees gained actionable insights to optimize tax outcomes and approach filing season as a strategic planning opportunity rather than just compliance.

“I'm Not Paying for Oil—I'm Protecting the Engine” There's a moment in our house where Lucas will look at me—calm as can be—and say, “Rachel… I'm not paying for oil. I'm protecting the engine.” And every time he says it, it reminds me of how people think about taxes. https://www.youtube.com/live/1bgZWYxu3jo Because an oil change feels annoying. It's inconvenient. It's not “fun money.” It's something you can easily delay—especially when life is full. But what Lucas understands is what most families don't realize until it's painful: small, responsible decisions today protect what you've built tomorrow. That's exactly what a Roth conversion strategy is. Not a trendy tactic. Not clickbait. Not “always do this” or “never do this.” It's stewardship. And it's one of the most misunderstood decisions families make—because it's not just about your tax bracket this year. It's about your lifetime taxes… and in many cases, your kids' taxes too. “I'm Not Paying for Oil—I'm Protecting the Engine”A Long-Range Roth Conversion StrategyRoth Conversion Strategy: Start With the Right Lens (Not a Hot Take)What Is a Roth Conversion?Why Roth Conversions Are Everywhere Right NowRoth Conversion and Future Tax Rates: The Real Issue Is ControlShould I Do a Roth Conversion? When It Makes Sense1) You're trying to reduce lifetime taxes (not just this year's taxes)2) You have high tax-deferred balances and don't expect to spend them down3) You have a window of lower-income years4) Your goal is tax diversification and retirement flexibilityRoth Conversion Mistakes to AvoidMistake #1: Ignoring IRMAA (Medicare Premium Surcharges)Mistake #2: Treating Roth conversions as staticMistake #3: Trying to time the market perfectlyHow Does a Roth Conversion Affect Your Heirs?Roth Conversion Estate Planning Strategy: When Roth Isn't the End GameReframe the Goal: Not “Highest Return,” but “Best Outcome After Taxes”What This Roth Conversion Strategy Changes for Your FamilyListen to the Full Roth Conversion Strategy EpisodeBook A Strategy CallFAQWhat is a Roth conversion strategy?When does a Roth conversion make sense?What are the downsides of a Roth conversion?Is it better to do Roth conversions when the market is down?How do I avoid Roth conversion mistakes? A Long-Range Roth Conversion Strategy In this blog (and podcast), Bruce Wehner and I unpack Roth conversions the way we believe every financial decision should be unpacked: with a long-range view, a clear understanding of tradeoffs, and a focus on control. If you're asking questions like: Should I do a Roth conversion? When does a Roth conversion make sense? What are the downsides of a Roth conversion? How does a Roth conversion affect my Medicare premiums (IRMAA)? How does the SECURE Act change inherited IRA taxes for my heirs? …this article is for you. You'll learn what a Roth conversion is, why people are talking about it more right now, and the biggest blind spots that can cost families real money—especially under the SECURE Act's inheritance rules. We'll also show you why this isn't a one-variable decision. The best Roth conversion planning is dynamic and integrated—because taxes, Medicare premiums, market timing, and estate planning all collide here. Roth Conversion Strategy: Start With the Right Lens (Not a Hot Take) Bruce opened our conversation with something that matters: There is no such thing as universal Roth conversion advice. If someone on social media tells you, “Always do a Roth conversion,” they're selling certainty—not stewardship. And if someone tells you, “Never do a Roth conversion,” they're doing the same thing in reverse. A real Roth conversion strategy requires your full financial picture. And not just your picture. It often requires understanding your heirs' tax picture, too. Because what happens after you're gone is part of the strategy—not an afterthought. If your goal is to pay the least amount of taxes over your lifetime and your family's lifetime, then this is a conversation worth slowing down for. What Is a Roth Conversion? A Roth conversion is when you move money from a tax-deferred account (like a Traditional IRA) into a Roth IRA. Here's the simple trade: With a Traditional IRA, you get a tax break today, but you pay taxes later when you withdraw. With a Roth IRA, you pay taxes now, and then your money can grow tax-free, and you can access qualified withdrawals tax-free. So the core question isn't “Do I like Roths?” The core question is: Do I want to pay the tax now or later—and what does that choice do to my lifetime tax bill and my heirs' tax burden? This is why we call it Roth conversion planning—because the conversion itself is just a move. The strategy is the plan around it. Why Roth Conversions Are Everywhere Right Now If you've noticed the sudden spike in Roth conversion content, you're not imagining it. Yes, people are thinking about inflation and national debt. But the bigger driver is a policy change that quietly shifted the math for families: The SECURE Act and the 10-Year Rule The SECURE Act changed how inherited IRAs work for most non-spouse beneficiaries. Before the SECURE Act, many beneficiaries could “stretch” distributions over their lifetime. That often meant smaller annual distributions and a more manageable tax impact. Now, in many cases, heirs must empty an inherited IRA within 10 years. That means more money forced out over a shorter time window, often during your child's peak earning years—when they're already in higher tax brackets. This is why the question “How does a Roth conversion affect your heirs?” is not a niche question. It's central. Roth Conversion and Future Tax Rates: The Real Issue Is Control One of Bruce's strongest points was this: You can try to predict future tax rates… but the bigger issue is control. Tax policy changes. Brackets change. Deductions change. Rules change. And governments are always solving for revenue. So instead of pretending we can forecast everything perfectly, we ask: How do we increase your control over when and how taxes are paid? That's what a tax diversification retirement strategy is about: having money in different “tax buckets” so you can choose how you pull income in retirement. Because a family with options has leverage. A family with only tax-deferred money has constraints. Should I Do a Roth Conversion? When It Makes Sense Let's bring it down to practical guidance. A Roth conversion can make sense when: 1) You're trying to reduce lifetime taxes (not just this year's taxes) If you're doing a Roth conversion to reduce lifetime taxes, you're looking at: your expected retirement income your required minimum distributions (RMDs) your spouse's situation your heirs' likely income levels future tax law uncertainty This is not a “this year only” decision. It's long-range strategy. 2) You have high tax-deferred balances and don't expect to spend them down Bruce sees this often with high net worth families. They have significant IRA/401(k) balances, but they live on cash flow from businesses, real estate, or other income sources. So the tax-deferred accounts are likely to be inherited—not consumed. That's when the SECURE Act 10-year rule becomes a real problem for adult children. 3) You have a window of lower income years Many families have lower income years: early retirement before Social Security a gap between selling a business and reinvesting proceeds years with unusually high deductions These windows can be ideal for Roth conversion planning, because you can “fill up” lower tax brackets strategically. 4) Your goal is tax diversification and retirement flexibility A Roth IRA can be a powerful tool for controlling adjusted gross income in retirement—especially when it comes to Medicare premiums and other phaseouts. But that leads to a major pitfall… Roth Conversion Mistakes to Avoid Mistake #1: Ignoring IRMAA (Medicare Premium Surcharges) If you're near Medicare age, this is huge. A Roth conversion increases your adjusted gross income (AGI). Higher AGI can trigger IRMAA—Income Related Monthly Adjustment Amount. In plain language:the more income you show, the more you can pay for Medicare Part B and Part D premiums. Bruce shared how common it is for people (and even many advisors) to miss this entirely. And here's the kicker: IRMAA is based on a two-year lookback so a conversion today can impact Medicare premiums two years from now This doesn't mean “don't convert.”It means: run the math. Because sometimes the tax savings over your lifetime is still worth it. But you should know what you're trading. Mistake #2: Treating Roth conversions as static Bruce said it well: this can't be a static strategy. It must be dynamic. He gave an example of a client who retired, started a multi-year Roth conversion plan, and then unexpectedly received a consulting contract paying several hundred thousand dollars. That income changed everything. Their conversion strategy had to be adjusted immediately—because the tax brackets, Medicare implications, and intended “conversion window” shifted. The point is simple: A Roth conversion strategy needs ongoing review. Mistake #3: Trying to time the market perfectly Yes, it can be advantageous to convert when markets are down. But most families wait for the perfect moment… and miss years of opportunity. Bruce's guidance is the steady kind of wisdom we live by: Control what you can control. Don't pretend you have a crystal ball. A good strategy often beats “perfect timing.” And in some cases, converting a depressed holding into a Roth can be a smart move—because future growth happens inside the Roth structure.

What information to we use to diagnose and deduce what is going on in a situation? What is a useful or less-useful way of going about this?  The highlighted charity this month is the Coalition for Humane Immigrant Rights, CHIRLA. Go to www.chirla.org to learn about and support this wonderful nonprofit working to support and protect the rights of immigrants. 

Tax season just got a major overhaul. The One Big Beautiful Bill changed more tax rules than anything since 2017, and if you're over 65, retired, or earning tip or overtime income, you could be leaving serious money on the table. In this episode of Friends Talk Money, we sit down with Lisa Green-Lewis, TurboTax spokesperson and trusted tax expert, to break down every major change you need to know before you file. The NEW $6,000 deduction for seniors and who qualifies Tips & overtime income deductions - brand new for 2025 Auto loan interest deduction - what cars qualify Social Security & taxes - the surprise that shocks retirees RMDs, Roth conversions & how to avoid a massive tax bill IRS audits - should you be worried? Free filing options and how to get help Whether you use TurboTax, work with an accountant, or file on your own - this episode could save you thousands. Don't miss it.  TurboTax Free Filing: https://www.turbotax.com AARP Free Tax Help: https://www.aarpfoundation.org/taxhelp

In 2026, we're launching a brand-new monthly gymnastics show on The Sam Oldham Podcast. Across the year, you can expect deep dives into the biggest names in the sport, the major storylines building toward championship events, and post-competition debriefs featuring some of the most passionate experts and analysts in artistic gymnastics.In this week's episode, I'm joined by Kensley Behel, the brilliant mind behind the Neutral Deductions team, who focus on the sport of men's artistic gymnastics.We take a deep dive into the recent Home Nations competitions that have taken place across the UK as athletes begin building momentum ahead of this summer's Commonwealth Games in Glasgow. Kensley also brings me up to speed with all the latest news from the U.S. men's gymnastics program, and together we recap the key performances from the Winter Cup.Finally, we look back at the Cottbus World Cup in February, where several standout routines came from the Neutral Russian athletes—gymnasts who will undoubtedly be motivated to make an impact on the world stage in 2026.This year, we plan to continue sharing the incredible stories of the very best athletes in the sport of gymnastics. A huge thank you to our listeners, sponsors, and supporters for being part of the journey.Welcome to Episode 2 of the Gymnastics Show.

In this episode: Why tax season gets significantly more intense in March, and why accountants push for earlier deadlines to ensure returns are accurate and thoroughly reviewed. How accounting firms stay engaged in their communities even during the busiest time of year, including charitable initiatives and local philanthropy. A lesser-known tax rule affecting investments in physical gold and silver, and why these assets are taxed differently than many other investments. Planning strategies involving IRAs, including how charitable distributions can reduce taxable income while supporting causes you care about. What beneficiaries need to know about Required Minimum Distributions after inheriting an IRA, and the potential tax consequences of missing them. A detail many business owners overlook about tip deductions for self-employed individuals and why proper reporting matters. A recent change to the business interest deduction rules and how it may impact larger businesses starting in 2025. Important filing deadlines for businesses and partnerships during tax season, and why extensions are often part of a smart filing strategy. What really happens if taxes aren't paid on time, including how IRS interest works on both unpaid balances and delayed refunds.

Charitable giving rules are changing in 2026, and many business owners have no idea their tax deductions could quietly shrink.The One Big Beautiful Bill Act introduced new limits, floors, and deduction caps that change how charitable donations work depending on your income level and whether you itemize deductions. In some cases, you could donate the exact same amount and receive a smaller tax benefit than before.Today we're breaking down the new charitable giving tax rules, who wins under the new system, who loses, and how smart business owners can still give generously while protecting their tax strategy.

Alicia recaps Intuit's February ProAdvisor In the Know webinar, covering a packed slate of product updates across QuickBooks Online, Intuit Enterprise Suite, and the newly renamed Intuit Accountant Suite. Highlights include a new Affirm Buy Now Pay Later option appearing on invoices, major bank feed customization improvements, an AI-powered deduction maximizer for business owners, and new construction-specific tools in IES. Intuit also teased a July launch of AI agents that will handle tasks like invoicing, payment tracking, and book reconciliation — though details remain scarce.SponsorsUNC - https://uqb.promo/uncResources:In the Know Slide Deck: https://staticassets.goldcast.io/public_images/organization/c1847aac-670a-476f-9c63-ad93ce43b7eb/yq4uYaZUSYqvQm6KaCIZ_February2026_ProAdvisor_InTheKnow_Handout.pdfPartner Webinars (Double & Method upcoming): https://eventhub.goldcast.io/?eventHubId=15cc4a3e-96eb-4910-973c-45f143b60e60Canny for product feedback: http://intuit.canny.ioCustomer Hubba-Hubba (our episode about the new Customer Hub): www.uqb.show/107Dan and Alicia deep dive into Intuit Accountant Accelerate and Books Close: www.uqb.show/130Alicia's current classes: Tricky Situations: http://royl.ws/QBOtricks?affiliate=5393907 Next-level Accrual Accounting: http://royl.ws/NextLevelAccounting?affiliate=5393907  10 Best Practices in QBO: http://royl.ws/QBO-Best-Practices?affiliate=5393907  QBO Hacks (Tips & Tricks) http://royl.ws/QBOHacks?affiliate=5393907 We want to hear from you!Send your questions and comments to us at unofficialquickbookspodcast@gmail.com.Join our LinkedIn community at https://www.linkedin.com/groups/14630719/Visit our YouTube Channel at https://www.youtube.com/@UnofficialQuickBooksPodcast?sub_confirmation=1 Sign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding  (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (03:21) - Upcoming Partner Webinars (Double & Method) + Why They Matter (04:08) - New Invoice Payment Option: Affirm ‘Buy Now, Pay Later' in QuickBooks (07:51) - Product Innovations Kickoff: Intuit Enterprise Suite February Releases Overview (14:29) - Inventory & Order Management Upgrades: Item Receipts, Valuation Methods, Sales Orders (22:02) - Workflow Automation Improvements: Parallel Approvals + Audit Trails + Dimensions (23:32) - Business Intelligence in QBO: Modern Reports + Calculated Fields Without Excel (23:58) - Intuit Intelligence (ChatGPT-Powered): Ask Questions About Your Books + Prompt Limits/Pricing (26:39) - Bank Feeds Updates: New Experience Rollout Timeline & Why to Adopt Early (28:29) - Bank Feed Fix: Warn When Payee Is Blank (1099s & Clean Vendor Lists) (30:05) - Navigate Tons of Accounts Faster: Searchable Bank/Credit Card Dropdown (31:12) - Drag-and-Drop Receipts + Check Image Attachments That Now Carry Through Matches (37:24) - Performance Boosts + Poll Results: Is the New Banking Feed Ready for Prime Time? (39:23) - Business Tax AI: Deduction Maximizer & Where to Find It in QBO (52:43) - What's Next: Intuit Podcasts, Intuit Connect, and July's Mysterious AI Agents (55:17) - Wrap-Up & Training Plug: Tricky Situations, Accrual Accounting, and Upcoming Classes

Taxes don't have to be the thing you avoid until April. In this episode of The Portrait System, Nikki sits down with Heather Leicy (tax prep educator + bookkeeper + working photographer) to break down photographer tax deductions, year-round tax prep, and the biggest “can I write this off?” mistakes.You'll learn:What to do monthly so you're not scrambling at tax timeA simple system for setting aside 20–30% for taxesCommon photographer deductions: education, software, gear, website costs, client giftsThe truth about meals/coffee write-offs (when it counts, when it doesn't)Home office deduction basics and “dedicated space” rulesWhy mileage tracking is one of the most missed deductions (and the app Heather recommends)A simple breakdown of LLC vs S-corp taxation and why it's a math decisionWhy sales tax rules vary so much by state (digital vs physical vs services)Important: This episode is for educational purposes only and is not tax, legal, or accounting advice. Tax laws vary by location and change over time. Always consult a qualified CPA/tax professional about your specific situation.Find HeatherInstagram: @heather.marie.LeicyCommunity: Conquer Community – theconquercommunity.comIf you enjoyed this episode, please subscribe, leave a review, and share it with a photographer friend who needs a tax reset.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

You Can Follow Laura Here:Instagram: https://www.instagram.com/ganacomobookkeeper/?hl=en LinkedIn: https://www.linkedin.com/in/laura-grajales-51b226152/ Website: https://www.paragonacct.com/ Portal del Cliente & Acceso a Recursos: https://www.paragonacct.com/recursos Client Portal & Access to Resources: https://www.paragonacct.com/en/recursos Tools Mentioned: Influencer Taxes 101 Masterclass: https://sidewalkerdaily.com/influencer-taxes-101/ Gusto: https://gusto.pxf.io/55XYOn Monarch Money: https://monarchmoney.sjv.io/DyjnDy QuickBooks: https://quickbooks.partnerlinks.io/poygo9t2u82pIn today's episode of Influencer Confidential, we did things a little differently.I invited my CPA, Laura Grajales, to join me for a live Q&A all about Influencer Taxes, where Creators from our Inner Circle community were able to ask their real questions in real time.This episode was all about breaking down the things Creators are most confused (and stressed) about when it comes to money and taxes, in a way that actually makes sense.We covered topics like how much Creators should be setting aside for taxes, paying quarterly estimates, understanding tax brackets, and when it makes sense to form an LLC or S-Corp.Laura also cleared up common misconceptions around brand trips, gifted collaborations, reimbursements, and what actually counts as taxable income.If you're a Creator who wants to feel more confident managing your money and running this like a real business, without fear or overwhelm, this episode is a must-listen.Want to join our Inner Circle? Email: team@sidewalkerdaily.com to learn more!This episode can be seen on YouTube: https://youtu.be/bLpAfdV0NMc

This week on CPG Vibes, We talk with Yuval Selik. Yuval is the Co-Founder and CEO of Promomash and Host of the 7 Hats Podcast! Yuval is a fantastic follow on LinkedIn where he drops CPG wisdom nearly daily with more than 20+ years of CPG leadership experience. Promomash is the people + platform solution CPG brands rely on to achieve more in trade. Powered by CPGenius™, we help brands improve trade spend efficiency across trade promotion planning and execution, deduction management, and field marketing — combining purpose-built software with hands-on industry experts who work as an extension of your team.http://promomash.comhttp://the7hats.com/

Some 401(k) plans let you put in extra after-tax money and move it into a Roth so it can grow tax-free—but you have to know what your plan allows. Richard Rosso & Jonathan McCarty share 10 questions to ask your 401(k) provider so you don't miss it. Rich & Jonathan also explain a new bill that would make the $6,000 senior deduction permanent. It's not the same as “no tax on Social Security” for everyone—and the Social Security tax rules still depend on income thresholds that haven't kept up with inflation. Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer 0:00 - INTRO 0:20 - Mancards & Oven Replacements 3:21 - OBBA & Larger Tax Refunds 10:16 - The $6k Senior Tax Deduction 16:52 - Are You Mega Roth Eligible? 21:18 - The Super Saver Endorphen 24:24 - The Roth Aging Issue 27:25 - Changes in the AMT 30:56 - OBBA & Marginal Rates Will Go Up 36:10 - Candid Coffee Preview ------- Register for our next Candid Coffee, 2/21/26: https://streamyard.com/watch/Wq3Yvn9ny5GV ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/fEk6rYGzFkA?feature=share ------- Watch our previous show, "Dalio at Davos: Calm Markets, Hidden Currents," here: https://youtube.com/live/mippkxiCJQI -------- The latest installment of our new feature, Before the Bell, "Dow Streak Signals Pullback ," is here: https://youtu.be/zor3I7w1wLA ------- Visit our E-book Library (no library card required!) https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #RetirementPlanning #RothIRA #Roth401k #SocialSecurity #TaxPlanning

Some 401(k) plans let you put in extra after-tax money and move it into a Roth so it can grow tax-free—but you have to know what your plan allows. Richard Rosso & Jonathan McCarty share 10 questions to ask your 401(k) provider so you don't miss it. Rich & Jonathan also explain a new bill that would make the $6,000 senior deduction permanent. It's not the same as "no tax on Social Security" for everyone—and the Social Security tax rules still depend on income thresholds that haven't kept up with inflation. Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer 0:00 - INTRO 0:20 - Mancards & Oven Replacements 3:21 - OBBA & Larger Tax Refunds 10:16 - The $6k Senior Tax Deduction 16:52 - Are You Mega Roth Eligible? 21:18 - The Super Saver Endorphen 24:24 - The Roth Aging Issue 27:25 - Changes in the AMT 30:56 - OBBA & Marginal Rates Will Go Up 36:10 - Candid Coffee Preview ------- Register for our next Candid Coffee, 2/21/26: https://streamyard.com/watch/Wq3Yvn9ny5GV ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/fEk6rYGzFkA?feature=share ------- Watch our previous show, "Dalio at Davos: Calm Markets, Hidden Currents," here: https://youtube.com/live/mippkxiCJQI -------- The latest installment of our new feature, Before the Bell, "Dow Streak Signals Pullback ," is here: https://youtu.be/zor3I7w1wLA ------- Visit our E-book Library (no library card required!) https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #RetirementPlanning #RothIRA #Roth401k #SocialSecurity #TaxPlanning

Common Tax Credits and Deductions for Practice Owners in 2026Tax season doesn't have to be a mystery, and you might be leaving money on the table without even realizing it. In this episode, Julie Herres sits down with Adam Rook from the GreenOak Accounting tax team to break down the most common tax credits and deductions practice owners may qualify for—both on the business and personal side. Whether you run a solo or group practice, you'll walk away with clarity about the tax savings that could make a real difference for your bottom line.3 Reasons to ListenCut Through the Confusion: Learn the difference between tax credits and deductions—so you'll understand exactly how each one impacts your taxes.Find Money-Saving Opportunities: Discover which credits and deductions are actually available (and common!) for private practice owners in 2026, and learn what to ask your tax preparer.Avoid Costly Mistakes: Get tips on documentation, common pitfalls, and why you should never take your tax advice from TikTok (really!).Resources and LinkGreenOak Accounting: greenoakaccounting.com – Book a free consultation or explore services for practice owners.Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startupGreenOak Accounting - www.GreenOakAccounting.comTherapy For Your Money Podcast - www.TherapyForYourMoney.comProfit First for Therapists - www.ProfitFirstForTherapists.comProfit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production, Audio Mixing, and YouTube Video Production by James Marland Get the All About Taxes Course.

In this episode, we discuss how many of the new deductions under the OBBBA passed July 4, 2025 work and interact with each other.

Join host Chris McCormack on the Know Your Numbers, REI podcast as he breaks down the updates to tax brackets and taxable income for 2026. This episode covers the importance of maintaining clean financial records, understanding the U.S. progressive tax system, and leveraging tax brackets for maximum savings.Chris also explains the significance of the standard deduction, capital gains tax brackets, and the qualified business income deduction. Whether you're single, married filing jointly, or head of household, this episode equips you with crucial tax planning strategies to minimize your tax liability and maximize your savings.••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

If you're already giving to charity, you're leaving thousands of dollars in tax deductions on the table. What is a donor-advised fund and why should you care? Mike sits down with Adam Nash, CEO of Daffy, to break down how Donor-Advised Funds (DAFs) work and why they can be a powerful tax strategy for business owners and high-income earners. If you regularly give to your church, your kids' school, your alma mater, or other charities, this episode shows you how to give more strategically, reduce taxes, and increase your impact.

In her second episode with us, Catrina Craft shares essential tax strategies for entrepreneurs, focusing on home office deductions, the Augusta rule, and the importance of understanding entity structures. She emphasizes the significance of retirement planning and preparing for professional tax assistance to maximize deductions and minimize tax liabilities.As you listen:00:00 Introduction to Tax Strategies for Entrepreneurs02:48 Understanding Home Office Deductions05:54 Leveraging the Augusta Rule for Tax Benefits08:39 Entity Structures: Sole Proprietorship vs. LLC10:40 Retirement Planning and Tax Deductions15:32 Preparing for Professional Tax Assistance"Get your books in order.""Let the IRS fund your retirement.""Outsourcing may be the way to go."Takeaways:-Get your books in order to save time and money.-Use tax strategies to benefit your business.-Home office deductions can include utilities and cleaning services.-The Augusta rule allows you to rent your home to yourself for tax benefits.-Understand your entity structure for optimal deductions.-Retirement contributions can be a significant tax deduction.-You can borrow against your retirement funds if structured correctly.-A sole proprietorship is the simplest business structure.-Investing in retirement now can lead to tax-free growth later.-Outsourcing accounting tasks can reduce the risk of errors.

In this episode, Catrina Craft, a CPA and tax strategist, discusses the importance of tax planning for entrepreneurs. She emphasizes the need for proper business structures, the significance of maximizing deductions, and the benefits of understanding the tax code. Catrina shares practical tips on hiring family members, vehicle expenses, and the importance of not co-mingling personal and business finances. The conversation highlights the value of having a tax strategist who understands the specific needs of different industries.As you listen:00:00 The Importance of Tax Planning04:53 Understanding Business Structures09:45 Maximizing Deductions and Tax Strategies14:36 Vehicle Expenses and Tax Benefits17:20 Conclusion and Future Insights"Income shifting can save you money.""Start with the proper structure."Takeaways:-Have separate bank accounts for personal and business finances.-The IRS code is designed to benefit business owners.-Hiring family members can lead to significant tax deductions.-Understanding your business structure is crucial for tax savings.-Income shifting can help reduce tax liabilities.-Proper tax planning can save you thousands of dollars.-A heavy SUV can qualify for a 100% tax deduction if used for business.-The tax code is complex; seek a knowledgeable CPA.-Start tax planning early to maximize savings.-Learning from lived experiences is invaluable in entrepreneurship.

We're starting the new year with intention; and getting our finances in order.In this episode of The Sexy Escort Guide Podcast, Vivian is joined once again by Diamond sponsor Eric Polacek of Companion Tax & Accounting Services, for our annual tax preparation conversation.Eric breaks down the recently passed “Big Beautiful Bill” and explains what it means for sex workers and independent escorts specifically, including what to expect moving forward. Together, we discuss common deductible expenses within the industry, what not to deduct, and clear up some of the most common tax misconceptions that often lead to confusion or unnecessary stress.This episode is designed to make taxes feel less overwhelming, more empowering, and entirely manageable — so you can stay compliant, confident, and well clear of the IRS's radar as you head into the new year.Whether you're newly independent or a seasoned professional, this is a must-listen episode to help you start the year informed, organized, and prepared.Book A Consultation with Companion TaxFollow Companion Tax on TwitterFollow Companion Tax on Instagram

In this episode of the Sunlight Tax Podcast, I break down the most important 2025 tax law changes in clear, jargon-free language. I explain the new Schedule 1-A and its temporary deductions, including no tax on tips, overtime, car loan interest, and enhanced senior deductions, plus what the latest tax bill really means for your wallet. You'll also learn about "Trump accounts" for children born 2025–2028, updated 1099 reporting rules, retirement catch-up contribution changes, and the higher standard deduction. This practical episode helps you understand key tax changes, which tax benefits apply to you, and how to avoid missing important deductions this tax season.   Also mentioned in today's episode:  03:39 New Tax Forms and Deductions 06:44 Understanding the Schedule 1A 10:31 Trump Accounts: A New Initiative 13:14 Changes in 1099 Forms and Reporting 15:52 Updates on Standard Deductions and Child Tax Credit 18:47 Join my Upcoming Free Class   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Join my free class on 1/27: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed Get your free visual guide to tax deductions  

Taxes are one of the most confusing parts of being a working artist, especially when you're self-employed, selling through galleries, or juggling multiple income streams. In this episode, I'm joined by Hannah, a working artist and the founder of Sunlight Tax, to break down the tax basics every artist needs to understand, in clear, plain language. We cover: What a Schedule C is and how artists are taxed when self-employed How self-employment tax actually works (and why it's higher than you expect) 1099s explained, including galleries, Stripe, PayPal, and Etsy Why you still need to report income even if you don't receive a 1099 Simple ways to stay organized without rigid bookkeeping systems When an LLC makes sense for artists and when it doesn't The easiest first step to take if taxes feel overwhelming right now This is a practical, grounded conversation designed to help artists feel clearer, more confident, and better prepared without turning finances into a second full-time job. Resources mentioned in this episode:Sunlight Tax: https://www.sunlighttax.com/1099s for creatives: https://www.sunlighttax.com/1099 If you're an artist building a sustainable career and want to understand the business side without losing your creativity, this episode is for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1930: Josh Bauerle breaks down the critical tax advantages available to entrepreneurs, and how to actually make the most of them. From selecting the right business entity to treating everyday expenses as potential deductions, this guide equips business owners with actionable steps to lower tax liability and stay audit-ready without losing focus on what really matters: growing the business. Read along with the original article(s) here: https://www.eofire.com/maximizing-your-tax-advantages-as-an-entrepreneur/ Quotes to ponder: "Being an entrepreneur offers significant tax perks that simply aren't available to employees." "Your cell phone, your meals and entertainment and even your vacations can be written off on your tax return, in part or in whole, if they meet the IRS requirements of a business expense." "There are said to be three rules when it comes to dealing with the IRS: Documentation, Documentation, Documentation." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1930: Josh Bauerle breaks down the critical tax advantages available to entrepreneurs, and how to actually make the most of them. From selecting the right business entity to treating everyday expenses as potential deductions, this guide equips business owners with actionable steps to lower tax liability and stay audit-ready without losing focus on what really matters: growing the business. Read along with the original article(s) here: https://www.eofire.com/maximizing-your-tax-advantages-as-an-entrepreneur/ Quotes to ponder: "Being an entrepreneur offers significant tax perks that simply aren't available to employees." "Your cell phone, your meals and entertainment and even your vacations can be written off on your tax return, in part or in whole, if they meet the IRS requirements of a business expense." "There are said to be three rules when it comes to dealing with the IRS: Documentation, Documentation, Documentation."

Can you believe it's 2026 already?? Ready or not here we go! In this episode, I'm sharing the updated tax brackets, standard deductions, capital gains brackets, IRMAA brackets, provisional income brackets, and more.

In this Tax Tuesday episode, Anderson Advisors' Barley Bowler, CPA, and Eliot Thomas, Esq., tackle a wide range of listener questions covering everything from business structures to retirement planning. They discuss the pitfalls of investing in movie production under Section 1801, explain why commuting expenses aren't tax-deductible even for long-distance work arrangements, and clarify the new 1099-NEC reporting thresholds and the upcoming 1099-DA requirements for digital assets. Barley and Eliot break down Section 179 vehicle deductions and the advantages of heavy SUVs over luxury vehicles, explain the reasonable wage requirements and distribution strategies for S corporations, and provide guidance on structuring spec house construction businesses to minimize employment taxes. They also cover mark-to-market elections for traders, the tax consequences of below-market rent to friends or family, and the complications of placing a personal residence in an LLC. Tune in for expert advice on these topics and more! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics:   "Any thoughts about investing in movie production for high-income earners?" - Section 1801 expires 2025, creates passive losses, not recommended for most. "I work for a local government agency in Cochise County, Arizona and live in Maricopa County, Arizona, approximately 215 miles apart. I commute in on Monday, stay in a hotel and leave on Thursday. I've been doing this every week since December of 2024. Is there a tax break deduction for this?" - No deduction available; this is considered commuting, not business travel. "Is the new 1099-NEC now starting after $2,500?" - Still $600 for 2025; increases to $2,000 in 2026 only. "Who needs to file this new 1099-DA digital asset form?" - Brokers must send to clients by February 15, 2026. "I'm a sole proprietor and would like to buy a BMW X7 to save the tax based on section 179. Is it covered?" - Yes, if over 6,000 pounds; 100% write-off available first year. "I'd like to know the proper ratio of distribution payments to salary within an S corporation." - One-third to 60% of net income is typical rule of thumb. "Can I pay myself quarterly out of my S corporation LLC?" - Yes, quarterly W-2 payments are acceptable and help avoid penalties. "What's the best way to structure a business to minimize taxes when building spec houses? I do the majority of the work on the houses, so it looks like a lot of profit on my labor, which is not good. I'm currently structured as a pass through LLC and purchase the house lots in a different LLC from my construction LLC." - Use S corporation for labor; sell land separately at capital gains rate. "Is it too late for a mark to market election for 2026?" - No, must file on 2025 return by April 15, 2026. "Is mark to market a good tax deduction?" - Only if trader status qualifies; creates ordinary losses on unrealized gains. "I'm renting to a friend for $300 a month. Fair market rent would be over $1,500. Any tax consequences?" - Deductions limited to income received; cannot create rental loss at all. "How can I have an LLC for my personal residence if the house is the residence of both my son and I as joint tenants?" - Possible but risks losing section 121 exclusion and homestead exemption. Resources: Schedule Your Free Consultation https://andersonadvisors.com/strategy-session/?utm_source=how-to-structure-multiple-llcs-for-spec-home-building-and-lower-taxes&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=how-to-structure-multiple-llcs-for-spec-home-building-and-lower-taxes&utm_medium=podcast Anderson Advisors https://andersonadvisors.com/ Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq Clint Coons YouTube https://www.youtube.com/@ClintCoons