Podcasts about deductions

In this episode of Dollars & Sense with Joel Garris and Kristin Castello, listeners get a front-row seat to a lively discussion on the latest government updates, major tax changes taking effect in 2025, and the crucial steps needed to prevent costly mistakes with retirement account beneficiaries. The show kicks off with the recent end of the government shutdown, playful banter about holiday travel and food benefits, and a spotlight on the team's annual food and toy drive. Joel and Kristin then break down the most impactful tax changes for the coming year, including a new $6,000 senior deduction, temporary exemptions for tips and overtime, expanded SALT deductions, and a car loan interest write-off. Clear income limits and practical advice make these updates easy to understand, and the hosts share candid insights about who benefits most and how to maximize your savings. The episode's second half zeroes in on retirement planning, focusing on how simple beneficiary mistakes can have dramatic financial consequences. Through real-life stories and actionable solutions, Joel and Kristin guide listeners through the top pitfalls—like neglecting beneficiary forms, naming estates instead of people, skipping contingent beneficiaries, and forgetting spousal waivers on 401(k)s. They emphasize the importance of regularly reviewing forms, keeping financial information organized, and preparing loved ones for the unexpected. Listeners walk away with a checklist of practical tips: review beneficiary forms, never name your estate, list both primary and contingent heirs, complete new paperwork when transferring accounts, and keep spouses and trusts properly documented. The hosts round out the episode with heartfelt marital and financial advice—reminding couples to share knowledge, stay organized, and plan ahead for peace of mind. 

In this episode of the Real Estate Pros podcast, host Q Edmonds speaks with tax strategist William Spar about his unique perspective on taxes and real estate. William shares his journey from commercial real estate to tax strategy, emphasizing the importance of integrity and relationships in business. He discusses key strategies for tax preparation and the significance of networking. The conversation also touches on the challenges of balancing friendships and business, the importance of being present in conversations, and the value of humor in serious discussions about taxes. William offers insightful advice on personal and professional growth, encouraging listeners to be kind and open to others.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Today, we're talking about the world of business deductions and breaking down what they really mean for entrepreneurs and business owners. I'll walk you through what counts as a deductible expense, how deductions work, and why it's so important to be able to defend your business decisions.   I'll also explain the difference between deductions and tax credits, what makes an expense truly deductible, and why documentation is everything. Plus, I'm sharing practical tips on how to categorize expenses properly, stay off the IRS radar, and make the most of every deduction available to you.   What you'll hear in this episode: [0:45] Understanding Deductions for Entrepreneurs [01:50] Defining and Defending Deductions [03:45] IRS Guidelines and Business Expenses [07:35] Documentation and Diverse Categories   If you like this episode, check out: Think Bigger Than a Niche How to Build Investor-Ready Financials Why The Rich Pay No Taxes and You Feel Left Out   Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/   Connect with Shannon: https://www.linkedin.com/in/shannonweinstein Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Follow along on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Think you're writing off everything you can? Think again. In this episode, we're exposing the bad tax tips spreading across social media and showing you the real deductions that actually work. You'll learn the 15 biggest write-offs most business owners miss — from the QBI deduction to depreciation, home office expenses, and vehicle write-offs. These are legit, IRS-approved tax strategies that can save you thousands every year. Host Tiffany Phillips breaks down what your CPA isn't telling you and how to protect yourself from bad finance advice. If you're ready to legally cut your tax bill, keep more money in your pocket, and finally understand the rules, this episode is your roadmap. Listen now and start saving before tax season hits.   Next Steps:

Deductions and Depreciation Winter Curl Mite Damage Adding Beef for the Community   00:01:05 – Deductions and Depreciation: Roger McEowen, K-State and Washburn law professor, starts the show as he discusses more changes. This week he talks about car loan interest deduction, heifer bonus depreciation and depreciation recapture.  Roger on AgManager.info www.Washburnlaw.edu/WALTR   00:12:05 – Winter Curl Mite Damage: K-State crop entomologist Jeff Whitworth keeps the show rolling as he highlights the winter curl mite and why wheat growers might be seeing their wheat look silver.   00:23:05 – Adding Beef for the Community: Ending the show is the Beef Cattle Institute's Cattle Chat podcast with special guest Dave Maples from the Kentucky Cattlemen's Association as they converse about beef being included when thinking about food as medicine. BCI Cattle Chat Podcast Bovine Science with BCI Podcast Email BCI at bci@ksu.edu     Send comments, questions or requests for copies of past programs to ksrenews@ksu.edu.   Agriculture Today is a daily program featuring Kansas State University agricultural specialists and other experts examining ag issues facing Kansas and the nation. It is hosted by Shelby Varner and distributed to radio stations throughout Kansas and as a daily podcast.   K‑State Research and Extension is a short name for the Kansas State University Agricultural Experiment Station and Cooperative Extension Service, a program designed to generate and distribute useful knowledge for the well‑being of Kansans. Supported by county, state, federal and private funds, the program has county Extension offices, experiment fields, area Extension offices and regional research centers statewide. Its headquarters is on the K‑State campus in Manhattan

Starting in 2026, gamblers won't be able to deduct all their losses. Dr. Friday breaks down what's changing and who it affects. Transcript G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Bad news for gamblers. Starting in 2026, they can deduct only ninety percent of the losses against their taxable winnings. Right now, gamblers can report total winnings on Schedule 1 of the 1040 and deduct losses on Schedule A up to the amount of their winnings. So this is going to mean a higher tax for many people that are actually going to win—I don't know, the Super Bowl or whatever you might gamble on. Just one of those things. So be sure that you’re tracking that information. A lot of times, the casinos will do a pretty good job of providing us the proper forms, but it is your responsibility to turn that in. If you have any questions, just check me out on the web. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

In today's episode, we hear from RJ Martucci, Partner and Co-Lead of the Food & Beverage Practice at PKF O'Connor Davies, to break down the latest tax rules and strategies affecting beer wholesalers. From entity structure and depreciation rules to credits, incentives, and estate planning, RJ shares practical guidance to help wholesalers reduce taxes, avoid surprises, and build long-term value. If you want to keep more cash in your business — both now and when it's time to exit — this episode is for you.Connect with RJ Martucci - RMartucci@pkfod.comGet the beer industry financial training weekly briefing. 

In this episode of the Sunlight Tax podcast, I dive into one of the most essential tax deductions for self-employed individuals, focusing on business meals and travel expenses. If you're a freelancer, creative professional, or small business owner, this episode will help you understand what truly qualifies as a deductible expense, so you can stay compliant and keep more of what you earn. I break down IRS rules for business deductions, explain the documentation you need to support your write-offs, and share examples to make these concepts easy to apply. Plus, I talk about why supporting independent bookstores is so important to me and how it ties into the launch of my upcoming book, Taxes for Humans. Also mentioned in this episode: 01:14 Understanding Business Deductions 08:25 Exploring Business Meals and Travel Deductions 15:20 The Importance of Independent Bookstores 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: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Get your free visual guide to tax deductions

The conversation explores key tax topics, including below-the-line deductions, charitable contributions, mortgage insurance deductions, gambling taxes, and the taxation of Social Security benefits. It also discusses potential changes to Affordable Care Act subsidies and highlights the importance of proactive tax planning to navigate these complexities.   Takeaways The state and local tax deduction has seen significant changes. Charitable contributions now have a new floor for deductions. Mortgage insurance premiums are deductible under certain conditions. Gambling winnings are taxed differently than before. Social Security benefits remain taxable under existing rules. The Affordable Care Act subsidies may change significantly in 2026. Tax planning is crucial to avoid unexpected liabilities. Itemized deductions can be complex and require careful calculation. Understanding AGI is essential for tax deductions. Changes in tax laws can impact charitable giving behavior. Chapters 00:00 State and Local Tax Deductions: Changes and Challenges 03:59 Roth Conversions and Tax Brackets 05:45 Below-the-Line Deductions and Itemization 06:42 Charitable Donations and Tax Changes 12:21 Mortgage Insurance Premiums and Deductions 15:20 Gambling Losses and Tax Implications 25:40 Social Security Benefits and Taxation 30:59 Affordable Care Act Subsidies and Changes   Links Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Thinking about buying a new vehicle? Dr. Friday explains the new rules for deducting auto loan interest and who qualifies based on income. Transcript G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Auto loans can deduct up to ten thousand dollars of interest, but there's always a but—it has to be new. It has to be a new car, minivan, SUV, pickup truck, or motorcycle after the year of 2024. And you need to have, again, limitations to income: $100,000 for individuals and $200,000 if filing joint. If your income is above that, you will not be able to qualify. If it's under, you might be able to qualify. So maybe this is a good time to think—do I need a car now or within the next few months? Because if you don't buy at the right time and the right car, you may not be able to deduct this interest, which normally we can't. Check me out, drfriday.com. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Daigo Sato's presentation at the JRE Summit, autumn 2025.

In this episode, Dr. Jackie Meyer and Acen Hansen discuss the intricacies of the Backdoor Roth IRA and the Mega Backdoor Roth strategy, emphasizing the importance of tax-free growth for wealth accumulation. They explore common misconceptions about Roth IRAs, the mechanics of contributions and conversions, and the significance of legacy planning. The conversation also touches on financial myths and offers insights into effective tax strategies for high-income earners.

In this episode: What the IRS's latest move on paper checks means for your refund timing. The “tip deduction” that could put more money back in the pockets of both employees and self-employed workers. New per diem rates that might change how your company reimburses travel. A helpful update for farmers dealing with drought-related losses. What crypto investors should watch for in their mailbox this coming tax season. Inside scoop on IRS staffing challenges, and how that could delay refunds and responses. The ripple effect of new legislation on tax software, filing timelines, and your 2026 tax prep. This week on Accounting and Accountability, Tammy and Hilari sit down with Amy Thompson, President and CEO of the Greater Ocean City Chamber of Commerce, to pull back the curtain on what it really takes to keep a beach town's business community thriving year-round. Amy shares how Ocean City's economy is evolving beyond tourism, why festivals like Oceans Calling and Country Calling are a massive win for local businesses, and what legislative issues are making waves,  from short-term rental regulations to the offshore wind debate. Listeners will hear how the Chamber advocates for small business owners at every level of government, why membership is more than just mixers and ribbon cuttings, and where the next wave of entrepreneurial opportunity may be hiding in Ocean City.

Bob Keebler joins Cary Sinnett to unpack why this year-end is anything but routine.  With shifting tax thresholds and surprise penalties lurking under the surface, every decision matters more than ever.  This rapid-fire episode arms CPA financial planners with critical year-end strategies, from Roth conversions to trust distribution traps.  Don't miss your chance to finish strong and plan ahead with confidence. AICPA Resources: Article:  Tax code changes: What H.R. 1 means for you and your clients Article: Tax Trifecta Trust after H.R. 1, known as the One Big Beautiful Bill Act Chart: PFP Tax Bracket Management Chart This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice.  Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients.  Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Newly enacted regulations may have an impact on the how your charitable tax deductions will be treated by the IRS. Today, John Walker, Regional Vice President, Mercer Advisors, is joined by CERTIFIED FINANCIAL PLANNER® professional Jason O'Meara, Wealth Advisor and Sr. Director, Mercer Advisors along, with Mercer Advisors colleague Bryan Strike, MS, MTx, CFA, CFP®, CPA, PFS, CIPM, RICP®, CPWA®, CAS, Director of Financial Planning. They discuss how you may be impacted by the changes. Listening Time: 28 minutes Mercer-Cordasco Disclosure Information Visit Our Website Join Our Email List Additional Mercer Advisors Disclosure Cordasco Financial Network is a tradename. All services provided by Cordasco Financial Network investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Cordasco Financial Network. Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning document preparation and other legal advice are provided through Advanced Services Law Group, Inc.

This week, AmSpa founder and CEO Alex R. Thiersch, JD, speaks with Nick Liguori, CPA, of Liguori Accounting, about the latest tax law changes and what they mean for medical spa owners in 2025. From equipment purchases to employee compensation, Liguori shares practical strategies to help med spas optimize deductions, avoid red flags, and plan proactively for the year ahead. Listen to learn: How to calculate and manage quarterly estimated taxes; Why year-round tax planning is essential and how to start; How to leverage equipment purchases and depreciation for tax savings; What the IRS is watching: audit atmosphere and red flags; How to take advantage of itemized deductions; Retirement planning tips for reducing taxable income; The tax opportunity of MSO structures for medical spas. -- Don't miss the Sell More This Holiday Season virtual event on October 21 at 5 PM ET, featuring expert speakers, tactical Q4 sales strategies, and over $100,000 in giveaways. Register now at repeatmd.com/sellmore. -- Visit https://www.wellreceived.com/amspa to learn more about WellReceived's exclusive offer for AmSpa Members. -- Music by Ghost Score

There's a lot of confusion about the new $6,000 deduction for seniors. Dr. Friday clears up the difference between a deduction and a credit. Transcript G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. I'm gonna talk a lot about the OBBB, because especially for seniors, Social Security, there's a lot of myths and things going on out there that you're gonna get $6,000 if you have Social Security. It's not going to be the same thing. This is a deduction, right? Deductions mean we get to reduce our income. Credits mean we get to put the money in our pocket dollar for dollar. So if we have a $6,000 deduction that you'll be able to add if you have taxable Social Security and your income source is trackable, that's great. But you're not going to be $6,000 in your pocket. That is not a refundable credit. If you got more questions, call us 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Driving for work? Dr. Friday explains the rules for mileage deductions, who qualifies, and what trips don't count toward your tax write-offs. Transcript G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. For all of my people that drive their car for making money—meaning your Ubers, or if you're a real estate individual and you're tracking your miles—this is a perfect time. We get 70 cents a mile for true business miles. Now that does not include commuting. So if you're at home and you're going to your office and then you're coming back home, even if you have a home office, in some cases you cannot deduct two offices. If you're working from home for your own purpose, that's not gonna be a deduction. If you're doing it because the boss says, “Hey, we don't have room in the office, you work from home,” then that home office may qualify as long as you're on a 1099. You have any more questions, just give our office a call. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

This week, we dissect who's in the hunt for individual event medals, obviously the most important phase of the competition. Who are the favorites? Who could pull off an upset? And how can you watch like an expert? UPDATE: Indonesia has denied all Israeli athlete visas. Vault Preview: Deng Yalan vs. the United States of Cheng Leanne Wong and Joscelyn Roberson are tied for the highest combined two vault D-scores this year, but should we be worried that these vaults won't materialize in time for competition? Why Deng Yalan could be the first Chinese gymnast to win a World Championships vault title since Cheng Fei Why you need to keep your eyes on Karla Navas, Angelina Melnikova, and Valentina Georgieva Will the double-twisting Yurchenko and Lopez group have enough D to sneak into vault finals? What do you need to know to watch vault like an expert?  Chapters  00:00 Intro  01:02 Show Open – Welcome to the Worlds Event Finals Preview 02:14 Update from Singapore – Israeli Visa Controversy & FIG Rules 05:53 How to Watch Worlds – BBC & Broadcast Info 06:25 Vault Preview 07:19 Pre-Meet Favorites – Wong, Roberson, Deng Yalan 10:13 Wide World of Spoilers – Melnikova, Navas, Georgieva 13:20 DTY/Lopez Group Questions – Fontaine, Martin & Co. 17:03 How to Watch Vault Like an Expert – Hand Support & Deduction Drama 22:33 Bars Preview 23:02 Pre-Meet Favorites – Nemour, Yang, Roshchina 25:05 What Is an Inbar Skill & Why It Matters 26:17 Wide World of Spoilers – Italians, Blakely, Dutch Contenders 27:34 Questions – Can You Succeed Without Connections? 29:14 How to Watch Bars Like an Expert – Handstands, Kips, & Deductions 31:45  Beam Preview 32:11 Sam Peszek Promo – Beam Queen Fear & Confidence 32:53 Pre-Meet Favorites – Zhou, Zhang, Hwang 35:04 How the Chinese Score 15s on Beam 37:19 Wide World of Spoilers – Nemour, Flavia, Okamura, Blakely 42:22 Coping with No Manila Esposito – Giulia Perotti 45:04 Team Layout Full – Ossysek & Voinea 46:10 Does Big Difficulty Pay Off? 47:02 How to Watch Beam Like an Expert – Why E-Scores Are “Crimes” 50:28 Beam Deductions Explained – Rhythm, Pauses, and Artistry 53:01  Floor Preview 53:22 Pre-Meet Favorites – Roberson, Voinea, Kalmykova 54:44 Why There Are No Clear Favorites This Year 55:36 Wide World of Spoilers – Moerz, Sugihara, Kishi, Ruby Evans 56:13 Who Doesn't Belong in Dance Prison – Fontaine, Marta Pihan-Kuleza, Petisco 58:03 The 3-Pass vs 4-Pass Debate 58:44 How to Watch Floor Like an Expert – Inquiry Rules Explained 01:01:08 When to File a Floor Inquiry & What's Changed 01:02:05  Show Close & Updates 01:02:36 Thank You Gifts & Travel Blessing from Vicky 01:03:21 Worlds Coverage Schedule & Club Gym Nerd Live Access 01:04:00 Sign-Off – “Take off and split on rights!” Bars Preview: The Kaylia Nemour Show How Kaylia Nemour and her gargantuan 6.9 D-score will win the World bars title Could Yang Fanyuwei and her eponymous full-twisting Jaeger give Nemour a run for gold? Which one of the AIN Russians will use the power of an inbar to make it into bar finals? The wide world of spoilers from the Italians, Skye Blakely, and the Dutch Can you qualify to bar finals without connecting everything? We look at Nakamura Haruka dilemma as a case study How can you watch bars like an expert Beam Preview: The Confidence Game Who are the current world leaders on beam? Why Zhou Yaqin and Zhang Qingying are leading the world beam rankings Whatever you do, DO NOT sleep on Hwang Seohyun and her massive new 6.9 D-score Why being a nonchalant beamer is the key to getting a 15 Is doing big-time F+ elements still worth the risk? There are probably 30 people who could legitimately contend for a World beam title, who else is on our list? Why is beam evaluated so harshly? We go over everything you need to know to watch beam like an expert Floor Preview: Doing Less is More Who are our favorites to win the title? Hint: it's nobody Who is currently leading the world floor rankings? Joscelyn Roberson is coming in HOT with her 6.5 D-score, but is she healthy enough to pull it off? Could this be Sabrina Voinea's Paris revenge tour? Why floor is probably one of the most unpredictable events this year. We have a looong list of gymnasts who could contend for a medal Who doesn't belong in dance prison? Why the three or four pass floor routine debate is the "is a hot dog a sandwich" debate of gymnastics How do you submit an inquiry on floor? What are the new procedures to submit an inquiry? WIN STUFF Raffle: Win a Full Commission Episode for $10! Raffle closes Oct. 7th! Club Gym Nerd Membership Scholarship GymCastic is matching all donations Nearly 50 scholarships have been awarded so far UP NEXT: Behind The Scenes: Live Podium Training Report podcast with Q&A from Jakarta on October 17th. SUPPORT THE SHOW Join Club Gym Nerd: https://gymcastic.com/club/ Headstand Game: https://gymcastic.com/headstand-plugin/ Forum: https://gymcastic.com/community/ Merch: https://gymcastic.com/shop/ Try Huel with 15% OFF for New Customers today using my code GYMCASTIC at https://huel.com/gymcastic. Fuel your best performance with Huel today! RELATED EPISODES: Episode – Jakarta World Championships Preview Part One: AA Draft, Stats, Subdivision Deep Dives Episode – Rolled Ankle-Gate! Selection Camp Down to 8 | Perotti Leads Italian World Team Episode – Jakarta World Team Trials Preview & Sho Nakamori on Judge-Eye-View Cameras Episode – Paris World Cup with Laura Cappelle Behind the Scenes – all episodes NEWSLETTERS Sign up for all three GymCastic newsletters  RESOURCES The Balance: My Years Coaching Simone Biles by Aimee Boorman with Fact Checker. Aimee coached Simone from day one in gymnastics to three back to back World All Around titles, 14 world medals and an unprecedented 5 medals at the Rio Olympics. Get your copy now. And if you loved reading (or listening) to the book, please leave a review. Spencer's essential website The Balance Beam Situation  GIFs of the Week and Meet schedule with links. Gymnastics History and Code of Points Archive from Uncle Tim Kensley's men's gymnastics site Neutral Deductions RESISTANCE RESOURCES > here Cover Art & Photos by Steve Cooper © Gymcastic

John Maytham speaks to Yanga Sibembe, sports journalist, who has followed Bafana Bafana’s campaign closely. He provides insight into the pressure on the squad, strategic strengths, and the key players who could make the difference in these high-stakes encounters. Afternoon Drive with John Maytham is the late afternoon show on CapeTalk. Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Bongani Bingwa in conversation with Barbara October, Editor of GroundUp, about the top stories on their news website, including the chaotic start to Gauteng Social Development Department’s 2026 funding cycle and pensioners being refunded following queries over funeral policy deductions. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Listen live on Primedia+ weekdays from 06:00 and 09:00 (SA Time) to Breakfast with Bongani Bingwa broadcast on 702: https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/36edSLV or find all the catch-up podcasts here https://buff.ly/zEcM35T Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702See omnystudio.com/listener for privacy information.

Tune into this weeks podcast as we look back at the Wakefield game. We have all the big news including points deduction for the Saints game, RFL look to fine us for pitch invasion, former players retire, Million Pound miracle remembered and we still wait for answers to questions about the future of the Salford Red Devils

Welcome back to the Know Your Numbers, REI podcast with your host Chris McCormack, the founder of Better Books. In this episode, Chris discusses the importance of understanding tax deductions, wrapping up a seven-part series on significant tax-saving strategies.Chris dives deep into the intricacies of tax deductions, how to maximize them, and common mistakes people make that lead to overpaying. He covers entity structuring, retirement planning, income sources, and the legal perspectives of ordinary and necessary expenses. Get ready to rethink your approach to taxes creatively and strategically.God bless you, and keep moving forward!••••••••••••••••••••••••••••••••••••••••••••➤➤➤ 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.

In this National Inventor Club session, we were joined by a seasoned CPA expert who shared financial strategies that can save inventors and entrepreneurs thousands while pursuing their creative ventures. From tax write-offs to business structures, this information-packed session broke down how to maximize your resources and protect your bottom line as you build your invention or startup.

Send us a textAre you spending money the wrong way? Every dollar is either pre-tax or after-tax money. Knowing the difference is the key to thousands in tax savings.In this episode, we cover how to turn everyday expenses into business deductions. From meals and travel to home office and even hiring your kids, you'll learn the mindset shift that could save you thousands each year. 

This week we interview competition judge Chris Rutledge to find out what his TOP TEN DEDUCTIONS are when judging competition dances. We were thrilled to learn all about Chris and his journey from tapper to adjudicator and specifically what he is looking for while sitting behind the judges table! And tappers will not want to miss all the special insights to their style! This episode is a must listen. CHRIS RUTLEDGE:Chris on InstagramWho Brought on the HumbugEPISODE SPONSORSDream Duffel, the original rolling duffel with a built in garment rack! Choose from multiple sizes, colors, patterns, & styles!www.dreamduffel.comApolla Performance Compression Socks, Made by dancers for dancers! Increase stability and support, while reducing pain and fatigue. www.apollaperformance.comRATE & REVIEWRate & Review Apple Podcast Rate on Spotify SOCIALS Instagram: https://www.instagram.com/twodancemomspodcast/

Tax Relief with Timalyn Bowens Charitable Contributions Episode 68:  In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act.   Today, she's explaining the charitable contribution deduction and the changes that have been made to it under the One Big Beautiful Bill Act. What is a charitable contribution? Charitable contributions are money or property that are given to a 501(c)(3) nonprofit organizations, religious organizations, educational institutions, fraternal organizations, public cemetaries, and certain government organizations. The IRS has a search tool that can be used to look up tax exempt organizations.  Charitable Contributions Deduction The IRS allows taxpayers to receive a deduction for the charitable contributions they give to qualified organizations. This deduction lowers the taxpayer's taxable income. In the past this deduction has been reserved for taxpayer's who itemize deductions. During COVID taxpayers who didn't itemize could receive a partial charitable contribution deduction . The One Big Beautiful Bill Act brings this back with an increased amount. Taxpayers who do not itemize can still deduct up to $1,000 of their charitable contributions ($2,000 if married filing jointly).  For those who do itemize the One Big Beautiful Bill Act introduces a floor to this deduction. Taxpayers can deduct the amount they have given that is over .5% of their adjusted gross income (AGI). Timalyn uses the example of a taxpayer having an AGI of $100,000. .5% of that is $500. That means the taxpayer can deduct the amount they have given to charitable organizations that is over $500. Donation Tax Deduction Limit The amount that can be deducted for charitable contributions is not unlimited. For cash donations it is limited to 60% of the taxpayer's adjusted gross income. So for the taxpayer who has an AGI of $100,000 they cannot deduct more than $60,000 in cash donations for the current tax year.  If the taxpayer has given more than 60% of their AGI in charitable contributions the amount that exceeds the limit rolls over to the next year. This does not apply to those who receive will take the partial charitable contribution deduction.  Deductions given to private foundations and cemetery organizations are limited to 30% of taxpayer's adjusted gross income.  Charitable Contribution Record Keeping Taxpayers are responsible for keeping track of their donations. For any cash donation of $250 or more a contemporaneous statement from the organization is required to substantiate the deduction.  If volunteering the value of the taxpayer's time may not be deducted. However, the mileage they drive with their personal vehicle can be deducted at 14 cents per mile (2025). Also the direct costs associated with volunteering may be deducted. For non-cash donations of at least $500 written acknowledgement from the organization from the charity and Form 8283, Noncash Charitable Contributions is required.  For non-cash donations valued at $5,000 or more a qualified appraiser must do an appraisal of the property, complete section B of Form 8283, and sign it along with someone from the charity.    Need Tax Help Now? If you need answers to your tax debt questions, book a consultation with Timalyn via her Bowens Tax Solutions website.  Click this link to book a call. Please consider sharing this episode with your friends and family.  There are many people dealing with tax issues, and you may not know about it.  This information might be helpful to someone who really needs it.   As we conclude Episode 68, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, YouTube, and many other podcast platforms.   Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap, one taxpayer at a time.  Thanks for listening to today's episode. For more information about tax relief options or filing your taxes, visit https://www.Bowenstaxsolutions.com/ . If you have any feedback or suggestions for an upcoming episode topic, please submit them here:  https://www.americasfavoriteea.com/contact. Disclaimer:  This podcast is for informational and educational purposes only.  It provides a framework and possible solutions for solving your tax problems, but it is not legally binding.  Please consult your tax professional regarding your specific tax situation.

Learn how the One Big Beautiful Bill Act changes the Qualified Business Income (QBI) Deduction, expanding phase-in ranges and tax planning opportunities. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights, and commentary on subjects that affect the profession and clients. Learn more in this podcast.

Megan chats with Amy Northard about how to treat your blog like a business, what expenses you can write off, and how to finally feel confident about finances as a food blogger. Amy Northard is the Accountant for Creatives®. She is a Certified Public Accountant (CPA) who specializes in working with creative small business owners to make taxes and bookkeeping less stressful. She has a passion for helping small business owners navigate the financial aspects of starting and operating a business so they can focus on their craft. Money can feel overwhelming, but the right systems and mindset will save you stress, time, and money. This episode covers the essential steps to separate hobby from business, make smart financial decisions, and prepare for tax season without panic. Key points discussed include: - Start with separation: Why opening a business bank account is the easiest first step. - Bookkeeping basics: How to track income and expenses without overcomplicating it. - Avoid hobby status: What the IRS looks at when deciding if you're really running a business. - LLC vs. S Corp: When it makes sense to take the leap and what benefits each structure offers. - Top deductions to claim: From groceries and mileage to courses, masterminds, and retreats. - Quarterly taxes explained: How to set aside the right amount without stress. - Documentation made simple: The easiest way to track receipts and stay audit-ready. - Hiring help wisely: What you need to know about contractors and 1099s. If You Loved This Episode… You'll love Episode 632: How to Survive an IRS Audit and Which Red Flags to Look Out For with Ansley Beutler. Connect with Amy Northard Website | Instagram

Welcome back to the Dollar Wise Podcast. In this episode, Andrew Barnhardt and Brett Herron of HFM Advisors dive into the world of above-the-line tax deductions. These often-overlooked deductions can reduce your adjusted gross income and improve your eligibility for other tax benefits. From retirement contributions and HSAs to student loan interest and self-employment tax breaks, Andrew and Brett break down how these deductions work, why they matter, and how to take advantage of them. Whether you're planning for next April or the next decade, this episode offers a practical look at reducing your tax bill.Tune into this episode to also learn:● Why above-the-line deductions matter for your tax planning strategy. ● How HSAs and retirement plans offer triple tax advantages. ● The difference between above-the-line and below-the-line deductions. ● Lesser-known deductions like student loan interest and self-employment tax offsets.What we discussed● [00:01:00] Why tax planning is a year-round activity and the role of above-the-line deductions. ● [00:03:04] Key differences between above-the-line and below-the-line deductions. ● [00:05:34] How retirement contributions reduce your taxable income. ● [00:06:30] The triple tax advantage of Health Savings Accounts (HSAs). ● [00:08:20] Student loan interest deduction and its phase-out thresholds. ● [00:09:37] Self-employment tax deductions and how they encourage small businesses. ● [00:11:08] Humorous examples of niche deductions: Olympic medals, timberland, IRS tip-offs. ● [00:13:15] Why adjusted gross income is the “halftime” point of your tax return. ● [00:14:22] Tease for upcoming episode on below-the-line deductions.3 Things To RememberAbove-the-line deductions reduce your adjusted gross income and can unlock other tax benefits.Common deductions include contributions to retirement accounts, HSAs, and student loan interest.Understanding and using these deductions can significantly lower your tax liability year after year.Useful LinksConnect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedInLike what you've heard…Learn more about HFM HERESchedule time to speak with us HERECheck out our Financial Wellness Program – HFM Ignite102 WEST HIGH STREET, SUITE 200GLASSBORO, NJ 08028HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

In this interview, Hawk Tax Solutions Tax Director and Enrolled Agent Ashley Davis joins URComped CEO Craig Shacklett to answer some of the most common gambling accounting and tax questions players face. She breaks down what qualifies as a professional gambler, how to properly track wins and losses, and which expenses can be deducted. The conversation also covers tricky areas like sweepstakes casinos, crypto play, state-to-state taxation, and how content creation can support professional claims.   Topics Discussed: - Why sweepstakes casino losses don't offset winnings - How to keep an acceptable gambling journal or win-loss record - Criteria for qualifying as a professional gambler, even with a day job - Using YouTube or content creation to support professional status claims - Deductible expenses for professional gamblers (travel, software, coaching, tournaments, ATM fees) - Tax treatment of daily fantasy sports, offshore casinos, and crypto gambling - State taxation issues and when it makes sense to itemize losses   Learn more: https://urcomped.com/blog/details/6131103/casino-tax-rules-tracking-wins-losses-deductions-more

In this episode of Energy Newsbeat – Conversations in Energy, Stu Turley sits down with Graham Patterson and Nathan Myers, co-founders of Shalehaven Partners, to discuss their innovative approach to oil & gas investing. Broadcasting from the heart of the Bakken in Williston, ND, they break down how Shalehaven's diversified, low-fee, non-operated fund model delivers strong returns while reducing investor risk—plus how their strategy aligns closely with the needs of accredited investors facing rising tax burdens.Topics covered:Why not all oil & gas investments are created equalHow Shalehaven reduces risk through portfolio diversificationThe power of 90%+ first-year tax deductionsDifferences between investing in AFEs vs. joining a fundTransparent fee structure with no acquisition or disposition feesHow hedging protects investors from price downsideShalehaven's expanding focus on natural gas demand from AI/data centersWhether you're an energy insider or an investor in high-tax states looking for yield and tax efficiency, this episode unpacks how Shalehaven's model stands apart from the pack.It is refreshing to find oil and gas investments that have good benefits to investors, by design. I learned a lot, and it is easy to see why many of their investors are in the oil and gas space. Trust is earned, and by what I can see, they are performing on earning everyone's trust. Thanks for stopping by the podcast - Stu Learn more: shalehaven.comPlus: Check the show notes for the investor video Graham mentions!Highlights of the Podcast 00:00 - Intro01:00 – Meet Shalehaven's Founders02:15 – What Shalehaven Is and Why It Was Built04:01 – Risk Reduction Through Diversification05:32 – Only Proven Assets—No Exploration Risk06:45 – Why Invest in a Shalehaven Fund Instead of Direct AFEs?07:45 – Fee Transparency and Investor Alignment08:33 – Credibility Within the Energy Industry09:49 – Transparency and Simple Structures12:17 – Tax Efficiency: 90%+ Deductions in Year One14:32 – Oil & Gas vs. Green Energy Returns16:39 – Target Returns: 15–20% Base with Tax Bonus18:47 – Hedging Strategy: 75% at $65 Oil20:05 – Why $55–$75 Oil is the Sweet Spot22:00 – Data Center Growth = Natural Gas Tailwinds24:15 – Future Investment in Behind-the-Meter Infrastructure?25:04 – How to Invest with Shalehaven26:29 – Wrap-Up & Looking Ahead to Fund III

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the latest developments around the One Big Beautiful Bill Act and how it may impact your ability to claim a SALT deduction in 2025. From understanding the SALT cap to weighing the benefits of standard vs itemized deduction, they break down what these tax changes could mean for your retirement planning strategy. Taxes are complex, but this conversation aims to simplify what you need to know so you can plan for retirement with confidence.Listen in to learn about how state and local taxes, the property tax deduction, and the mortgage interest deduction might shift under new legislation. You'll also hear strategies that combine charitable giving strategy, donor advised funds, HSA contributions, and 401k contributions to optimize your plan. Whether you're exploring high income tax strategies or building your personal retirement checklist, this episode helps you position yourself to retire comfortably and secure your retirement.In this episode, find out:· What the One Big Beautiful Bill Act could mean for the SALT deduction 2025.· The differences between standard vs itemized deduction in today's environment.· How the SALT cap impacts state and local taxes, and why it matters for retirees.· Ways to leverage a charitable giving strategy or donor advised fund for tax efficiency.· How retirement tax planning integrates with 401k contributions, HSA contributions, and other tools to help you plan for retirement.Tweetable Quotes:· “When it comes to taxes, the goal isn't just to reduce today's bill—it's to create a strategy that works for your entire retirement.” – Radon Stancil· “Understanding the SALT cap and knowing when to use itemized deductions versus the standard deduction can make a huge difference in your long-term retirement planning.” – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

Veronique de Rugy critiques US tax "carveouts," identifying them as inefficient special interest deductions that often fail to incentivize desired behaviors, citing employer health insurance and mortgage interest deductions. While a flat tax would streamline the system and boost economic growth by focusing on consumption, de Rugy emphasizes that no tax system alone can resolve the severe US debt crisis; crucial reforms to Social Security and Medicare are indispensable. 1870 SIEGE OF PARIS

Ready to make the most of your taxes in 2025 and beyond? In this value-packed episode of Dollar & Sense, Joel and Kristin break down the latest game-changing updates to tax deductions, with a spotlight on the new senior deduction and major changes for charitable contributions. Discover how seniors can benefit from a $6,000 deduction—even if they're not yet on Social Security—and learn the income thresholds you need to know to qualify. The hosts also unravel the new opportunities for charitable giving, including a $1,000 deduction for everyone, the upcoming AGI floor of 0.5% for itemized deductions, and smart strategies to maximize your benefits before the rules shift in 2026. From increased state and local tax caps to permanent bonus depreciation for businesses, this episode is full of essential tips for making the most of your money at tax time. Tune in and get ahead of your financial game—your future self will thank you! 

On the second episode of a 5-part tax series of the Dentist Money Show, Tom Whalen, CPA joins Matt to unpack some of the most common misunderstandings in the world of tax planning for dentists. They explore the trade-offs that come with chasing deductions, the critical role of liquidity, and why long-term wealth building should take priority over short-term tax savings. They also highlight common mistakes dentists make—like ignoring cash flows or overemphasizing tax breaks—and why ongoing communication with your financial advisor is key. If you missed the first episode of this tax series, check it out here! Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

In this Tax Tuesday episode, Anderson tax attorneys Amanda Wynalda, Esq., and Eliot Thomas, Esq., tackle a diverse range of tax questions covering rental property strategies, depreciation rules, and business structure optimization. They explain the tax implications of renting property to family members below market rates, including income reporting requirements and limited deduction capabilities. The attorneys discuss gifting rental properties to children and the associated gift tax filing requirements, while exploring sophisticated property management company structures for generating earned income and maximizing retirement contributions. They provide detailed guidance on utilizing IRS sections 168 and 179 for depreciation and bonus depreciation, clarifying the current 100% bonus depreciation rules and debunking outdated 80% figures. Other topics include S-corp benefits for 1099 contractors, holistic health business taxation, accountable plan cell phone deductions backed by IRS Notice 2011-72, vehicle deduction methods and limitations, and even professional gambling expense deductions for Vegas visitors. Throughout the episode, they emphasize proper entity structuring, asset protection, and tax planning strategies. Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: "I have a question about tax implications of renting my property to my parents. If I rent it to them for less than fair market value, are there any tax incentives or exemptions in this situation? I'm trying to understand whether I would still need to report the income and if I would lose the ability to deduct expenses associated with the property." - Must report income; IRS treats below-market family rentals as not-for-profit activities. "In 2024, I deeded some rental properties to my children about $250,000 each. Is there a way to write this off?" - No deduction available; must file Form 709 for gift tax reporting. "I have four rental properties. I personally manage them through an LLC. Can I use my company as a management company and charge a 20% fee for managing it to be able to show I have earned income and then contribute to an IRA? Also, would I be able to establish a Roth IRA?" - Yes, with reasonable fees and proper structure; enables IRA contributions. "How do I utilize IRS code section 168 and 179 for depreciation and bonus depreciation? How do I buy cars and furniture right off up to 80% of the value of the property every time I buy a house rental or asset? Can I utilize AI or any AI software with these to automate and hands off anything?" - Use 179 first, then 168 bonus depreciation; now 100% not 80%. "I'm a 1099 independent contractor. I own two pieces of property, one is my primary residence, the other has a home and a small apartment on it that I rent out long term under the table. My thoughts are that I need to create an LLC for my business, possibly an S corp. As I understand the tax laws, there will be no way to use any of the rental properties to reduce the tax burden of my 1099 income. Am I on the right track here?" - Report all income; S-corp saves self-employment tax; passive losses don't offset. "I'm going to start a consulting business that focuses on holistic health. What should I be looking for in the next six months or so when I launch? Is taxation different from real estate and in what way?" - Consider S-corp for self-employment tax savings; business expenses differ significantly. "With an accountable plan, can I deduct a hundred percent of a cell phone? Is there some documentation that backs this up? Prove it." - Yes, 100% deductible with S/C-corp; IRS Notice 2011-72 provides documentation. "I have a question about vehicle deductions. There are two methods available, the standard mileage deduction and the actual expense method. Can I use the actual method to claim all the depreciation in one year, then switch to the standard mileage deduction in subsequent years. If this is possible, how does it work? Assume the vehicle is used a hundred percent for business purposes." - Three methods exist; business-owned vehicles allow 100% bonus depreciation benefits. "Since you're in Vegas, you might know the answer to this one. My friend won a reportable jackpot, mid five figures, and he was wondering if he could deduct the travel lodging expenses just as he might do if he made this money as a business deal or future excursions to Sin City to try and extend his winnings." - Only if professional gambler with business intent and meticulous records. Resources: Schedule Your Free Consultation https://andersonadvisors.com/ss/?utm_source=5-reasons-restructure-sole-proprietorships&utm_medium=podcast Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ 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

Welcome back to Belk on Business! I'm Josh Belk, and today we're picking up where we left off with our ongoing series diving into the latest legislative updates that impact your financial strategy and tax planning. If you're a real estate professional, investor, or business owner, this episode is packed with insights you won't want to miss.In this conversation, I unpack key updates around bonus depreciation, Section 179 expensing, and important changes to opportunity zones and interest expense deductions. From cost segregation strategies to navigating new OZ rules, this episode provides the clarity you need to make informed moves in the coming years.3 Key Takeaways100% Bonus Depreciation Is Back—and Permanent: Starting in 2025, qualifying 15-year property and equipment can again be fully depreciated in the year it's placed in service, a big win for real estate pros and business owners.Section 179 Expansion: The deduction cap has increased to $2.5M, and now includes items like HVAC systems, fire protection, and roofs—if you're in an active trade or business.Opportunity Zones Require New Strategy: The OZ program has undergone major changes—new eligibility, stricter reporting, and capital gains-only funding mean it's more complex but still potentially powerful.Episode Timeline & Highlights[0:00] - Introduction[0:35] - Recap of last week's episode and transition to today's topics[1:08] - Why depreciation matters for real estate professionals and business owners[2:20] - How the 2025 bonus depreciation changes could benefit your portfolio[3:09] - Real-life example of using a cost segregation study for maximum write-offs[4:17] - Expensing new factory and plant builds—and what qualifies[5:18] - Section 179 updates: new thresholds and expanded eligibility[6:21] - Passive investors vs. active business owners: who gets to claim what[7:27] - Why you need to talk to your CPA before diving into opportunity zones[9:14] - Update on interest expense deduction changes under section 163(j)Links & ResourcesIRS Section 179 Overview: https://www.irs.gov/publications/p946Cost Segregation Guide: https://www.costsegregationinitiatives.comOpportunity Zones Overview: https://opportunityzones.hud.govIf you found this episode helpful, don't forget to rate, follow, and review Belk on Business. And be sure to share it with your fellow real estate pros or business owners who want to grow smarter with tax strategy. See you next time!

Aug 4, 2025 – Wondering how the sweeping tax changes in the One Big Beautiful Bill could impact your retirement? In this edition of Lifetime Planning on the Financial Sense Newshour, Jim Puplava and Crystal Colbert break down the latest rules...

Unpack the "Big Beautiful Tax Bill" with Steve Levy, CPA & JD, and Brodie Hough, CPA, and its profound impact on your dental practice. We'll simplify the tax cuts, the boosted State and Local Tax (SALT) deduction cap, the 100% permanent bonus depreciation for equipment, and more.Interested in more info on how to: Earn More, Save More, and Retire EarlyUpcoming Tour Dates: Go to our EVENTS page for infoFacebook: Four Quadrants AdvisoryInstagram: @fourquadrantsadvisoryLinkedIn: Four Quadrants Advisory

In this special solo episode, Melissa Joy, CFP®, CDFA, breaks down the newly passed One Big, Beautiful Bill Act—yes, that's really the name! Signed into law on July 4th, this sweeping piece of legislation (affectionately nicknamed “OB3”) will impact everything from your tax brackets to your charitable deductions, and much more in between. Whether you're a retiree, parent, small business owner, or high earner, Melissa walks through what's changing, what's staying, and what you need to know to navigate the financial road ahead.⚖️ Key Topics Covered:

Tax can be overwhelming, especially when it feels like the rules keep changing and the grey areas keep growing. In a recent episode of Business Built Freedom, Lawrence Petruzzelli from MDB Taxation & Business Advisors unpacked the most common traps and misconceptions around business tax deductions, vehicle claims, and business structures. Whether you are starting out or scaling fast, getting this stuff right can save you money, stress, and even your business.  Key Takeaways  The ATO only allows business tax deductions that have a direct connection to generating business income, so not everything “business-related” is claimable.  High-end vehicles and luxury claims attract serious ATO scrutiny, especially without proper Fringe Benefits Tax documentation.  Everyday items like phones and internet still require proportionate claims and supporting records.  Structuring your business properly from the beginning can prevent tax headaches and protect your assets.  Late lodgements can be more damaging than late payments, with serious consequences for directors if ATO debt builds up.  Read More

On July 4, the One Big Beautiful Bill Act was signed by President Trump - 1,000+ pages - a lot to digest. Bob Casarona, CFP with Sequoia Financial, to break down a few of the provisions - Extension & Expansion of TCJA Provisions New Credits & Deductions for individuals Timing and next steps

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money's Two Cents, Matt and Rabih break down the current economic climate as summer kicks in. They discuss the Federal Reserve's recent actions, market behavior during slower months, and how new tariff policies and changes to SALT deduction rules could affect high earners. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

In this episode: Announcement of two new partners at the firm, Andy Tobias and Dan Steele, and their leadership roles. Discussion of the renamed "One Big Beautiful Bill" (now simply “the Act”) and its key tax provisions. Confirmation that individual tax brackets and standard deduction increases are now permanent. Explanation of the new $15 million estate and gift tax exemption for 2026. Details on the repeal of moving expense and miscellaneous itemized deductions (except for military and intelligence). Expansion of the SALT deduction cap to $40,000 through 2029 with income-based phaseouts. Child tax credit increased to $2,200 with refundable portion made permanent. New above-the-line deductions for: Overtime pay ($12,500 single / $25,000 joint, 2025–2028) Tipped income (industry list pending, capped and phased out by income) Seniors over 65 ($6,000 deduction, 2025–2028) Car loan interest for American-assembled vehicles (post-2024 purchases only, capped at $10,000) Charitable contributions (up to $1,000 single / $2,000 joint for non-itemizers) The 20% Qualified Business Income Deduction (QBI or “CID”) is made permanent and inflation-adjusted. Bonus depreciation is restored to 100% for qualifying business assets purchased after January 19, 2025. R&D expense deductions reinstated (no longer amortized). Business interest deductions revert to being based on EBITDA instead of EBIT. Changes to 1099 reporting: threshold for 1099-NEC/MISC rises to $2,000 starting in 2026. 1099-K reporting threshold set at $20,000 or 200 transactions (postponing more burdensome lower thresholds). Final reminder that many provisions are subject to budget reconciliation constraints, meaning some are temporary or have sunset dates. Interview Overview: Michael Kopp, Executive Director of the Elizabeth W. Murphey School In this inspiring interview, Michael Kopp shares how the Murphey School provides more than just shelter, it offers structure, support, and stability to Delaware youth in need. With a focus on life skills, financial literacy, and emotional growth, the school helps prepare kids for adulthood. Mike also emphasizes the deep-rooted commitment of the staff and the powerful impact of community involvement. Want to Help? You can donate or get involved by visiting: murpheyschool.org/donations/make-a-donationv

In this episode, Stephen Schmidt interviews David Wiener, a leading expert in cost segregation and tax strategies for real estate investors. David shares his journey into the field, explaining the intricacies of cost segregation, its benefits, and how it can significantly reduce tax liabilities for property owners. He discusses the importance of mid-year tax preparation, the advantages of short-term rentals, and the 179D deduction for energy-efficient buildings. Throughout the conversation, David emphasizes the value of proper cost segregation studies and dispels common misconceptions in the industry, sharing success stories and encouraging listeners to connect with him for personalized advice. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

How do new parents balance limited paid leave and a newborn who has to spend weeks in intensive care? Becoming a NICU family is heart-wrenching enough, but having to weigh returning to work before your newborn has come home from the hospital makes this already-stressful time even harder.Today, I'm thrilled to share some good news about a new groundbreaking law that has  Colorado once again on the forefront of caring for caregivers.Whether you're living in Colorado or wondering how to advocate for your state to take more action on this front, this episode is essential listening for anyone passionate about the infrastructure of care and gender equality in America.Learn all about the new legislation, including:How inspiring new benefits will benefit parents with babies in the NICU;How employees and businesses alike are benefiting;And how the state is reducing premiums while increasing benefits. Related Links:Episode 489, How the Cost of Childcare Has Become a Workforce Issue -  https://www.bossedup.org/podcast/episode489Episode 434, The Economic Imperative of Affordable Childcare -  https://www.bossedup.org/podcast/episode434Episode 479, America's Parents Are Not Okay - https://www.bossedup.org/podcast/episode479Senate Bill 25-144, “Change to Paid Family Med Leave Insurance Program” - https://leg.colorado.gov/sites/default/files/documents/2025A/bills/fn/2025a_sb144_00.pdfA Better Balance, “Colorado Expands Paid Family and Medical Leave for NICU Parents” - https://www.abetterbalance.org/colorado-expands-paid-family-and-medical-leave-for-nicu-parents/Colorado General Assembly, “Change Paid Family Medical Leave Insurance Program” - https://leg.colorado.gov/bills/sb25-144Colorado Politics, “Colorado governor signs bill increasing family leave for parents of NICU babies” - https://www.coloradopolitics.com/governor/colorado-governor-signs-bill-increasing-family-leave-for-parents-of-nicu-babies/article_04eeae6d-9c50-485d-bbde-9feadc2d062c.htmlDenver7, “Deductions for Colorado's paid family, medical leave program begin in 2023” - https://www.denver7.com/news/politics/deductions-for-colorados-paid-family-medical-leave-program-begin-in-2023Colorado's Family and Medical Leave Insurance (FAMLI) program - https://famli.colorado.gov/TAKE ACTION with Bossed Up - https://www.bossedup.org/takeactionBossed Up Courage Community - https://www.facebook.com/groups/927776673968737/Bossed Up LinkedIn Group - https://www.linkedin.com/groups/7071888/

Many people give to charity but may not be doing so in the most tax-efficient way. In this episode, you'll learn:How charitable deductions work (and when they benefit you)The advantages of using Donor Advised Funds (DAFs)How donating appreciated stock can lead to significant tax savingsTips for high-income earners on structuring their charitable giving for optimal tax benefits---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In Part 2 of our series on tax strategies for real estate investors, Yonah Weiss breaks down cost segregation—a powerful but underutilized tool that can significantly reduce taxable income by accelerating depreciation. Yonah explains how cost segregation works, the benefits for real estate professionals, audit considerations, and common mistakes to avoid. 3 Key Takeaways: Front-Load Your Tax Savings: Cost segregation lets you write off big depreciation early—boosting cash flow and slashing taxes when it matters most. Use Pros or Pay the Price: DIY cost seg = audit risk. The wealthy hire experts who follow IRS rules and unlock every legal advantage.  Wealth Is Strategy, Not Luck: High-level investors study the tax code and use it. They don't guess—they play offense and reinvest savings to scale fast. If you want to learn more or need guidance on how to implement these strategies, don't hesitate to reach out to experts like Yonah Weiss or connect with real estate-savvy CPAs.  Until next time, keep educating yourself, stay strategic, and keep breaking away from the ordinary. Connect with Yonah Weiss: Website: www.madisonspecs.com/ Instagram: www.instagram.com/yonahweiss/ Linkedin: www.linkedin.com/in/cost-segregation-yonah-weiss/ Twitter: https://twitter.com/YonahWeiss

If you'd like a free copy of the book, just email us at team@thewealthelevator.com and tell us how you found us.In this episode, we dive deep into various tax strategies tailored specifically for business owners. We cover essential topics such as home office deductions, the Augusta Rule, paying your kids on payroll, Solo 401(k)s, and advanced strategies like captive insurance. The first half of the podcast is dedicated to potential tax changes currently under review by the Senate. We discuss extensions of the Tax Cuts and Jobs Act, increases in qualified business income deductions, and more. In the second half, we bring on guest Patrick Lonergan to discuss specific strategies for business owners and how to optimize personal taxes linked with business operations.00:00 Introduction to Today's Podcast00:18 Overview of Potential Tax Changes00:41 Extension of Tax Cuts and Jobs Act01:26 Bonus Depreciation and Section 17903:13 Qualified Opportunity Zone Program03:57 State and Local Tax Cap Increase04:33 Lifetime Estate and Gift Tax Exemption06:19 Additional Tax Changes and Implications08:03 Infomercial: Family Office Ohana Mastermind08:35 FOOM and Real Estate Professional Status11:33 Tax Strategies for Business Owners14:00 Home Office Deduction17:09 The Augusta Rule21:28 Family on Payroll24:37 Qualified Business Income Deduction29:18 Level Two Tax Strategies37:27 Setting Up Retirement Plans for Solopreneurs38:46 Navigating IRS Audits and Employee Classifications39:17 Overview of Level Two Tax Strategies39:37 Understanding ROBS and Roth Conversions41:08 Introduction to Level Three Tax Planning41:22 Captive Insurance: Benefits and Risks46:38 Investing Through Captive Insurance55:31 Level Four: Tax Fraud and Evasion57:30 Common Pitfalls and CPA Involvement01:05:39 Final Thoughts and Contact Information Hosted on Acast. See acast.com/privacy for more information.