Podcasts about deductions

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.

Dr. Friday encourages taxpayers to pause before filing and make sure they have considered available deductions. She also mentions planning ahead for an extra $1,000 charity amount in 2026 that can be taken above the line. 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. You are now ready to prepare your taxes. You are doing everything you can to prepare your taxes, and now you’re ready to move forward. And this is the time when you need to think about what do I need to understand? Have I taken all of my tax deductions? Maybe you can’t itemize, meaning there’s not a lot of room for deductions, right? Maybe you have the ability to start putting some money into charity. Well remember, in 2026 we have that extra thousand dollars this year that will be coming in. So sometime during this year you might want to set aside a thousand dollars for charity so you can get that above the line. So if you need help, go to 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.

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.

Damien Martin and Tony Nitti of EY discuss the second three of their top six tax cases of 2025, focusing on what qualifies as a deduction in Savage v. Commissioner, Kelly v. Commissioner, and Weston v. Commissioner.***CreditsHost: David D. StewartExecutive Producers: Jeanne Rauch-Zender, Paige JonesProducers: Jordan Parrish, Peyton RhodesAudio Engineers: Jordan Parrish, Peyton Rhodes****This episode is sponsored by Crux. For more information, visit cruxclimate.com/contact. This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax. Nominate someone for the Tax Analysts Award of Distinction in U.S. Federal Taxation! For more information, visit awards.taxanalysts.org.

Tax season officially kicks off on January 26th, and if you're treating your filing as just a compliance chore, you're likely leaving money on the table. In this episode, Jarrod Bridgeman, Kevin Rhoton (MBA, CPA), and Brodie Hough (CPA) sit down to dissect the evolving tax landscape for dental practice owners.The guys start by debunking the "Tax Bracket Myth"—the common fear that earning more will lead to a lower take-home pay due to higher rates—and explain how this misunderstanding might be sabotaging your practice's growth.Whether you're looking to optimize your 2025 filings or set the stage for a more profitable 2026, this episode provides the roadmap to becoming a truly Millionaire Dentist.Upcoming Tour Dates: Go to our EVENTS page for infoFacebook: Four Quadrants AdvisoryInstagram: @fourquadrantsadvisoryLinkedIn: Four Quadrants Advisory

Overtime deductions became one of the most misunderstood tax topics coming out of the last election cycle—and that confusion is heading straight into tax season.In this episode, Lee Reams II and Lee Reams Sr. break down what actually qualifies as deductible overtime, why state overtime rules don't automatically apply for federal tax purposes, and why the 2025 tax season will be far more labor-intensive for firms than most people expect.This isn't about complicated tax law.It's about time, communication, and preparation.What we cover:• Why not all overtime qualifies for the federal deduction• State overtime rules vs. FLSA rules—and why the difference matters• Why weekly overtime analysis creates major prep bottlenecks• A real-world example where “earned OT” still results in no deduction• The hidden trap with time-and-a-half vs. double-time pay• Why 2025 puts the burden on firms—not employers• How structured worksheets and standardized intake save hours per return• The curveball many firms miss: tipped occupations• The advisory opportunity hiding inside a compliance headacheThe big takeaway: Firms that educate clients early, collect cleaner data, and use smarter systems will avoid chaos—and have better advisory conversations with better outcomes.This episode is a must-listen for tax and accounting professionals who want fewer surprises, better client experiences, and stronger margins heading into the 2025 tax season.Download the overtime worksheets:PDF:https://images.client-sites.com/WS-OvertimeDeduction.pdfGoogle / Excel:https://images.client-sites.com/Overtime_Deduction_Worksheet.xlsxLearn more about tech-enabled firm growth at CountingWorks PRO: https://www.countingworkspro.com/Thanks for listening—and for doing the work to build a smarter, more proactive firm.

What if tax planning—not investing—is your biggest missed opportunity? Jackie Campbell explains new deductions, smarter buckets, and guardrail systems that can elevate your entire plan. From inflation realities to Warren Buffett‑style patience, she reveals how to secure income, reduce risk, and build a retirement strategy rooted in clarity and gratitude. For more information or to schedule a consultation call 352-251-1015 or visit www.mycampbellandco.com! Follow us on social media: Facebook | YouTube | X | InstagramSee omnystudio.com/listener for privacy information.

Think your estate plan is set because you have a will? Art McPherson reveals why most trusts remain unfunded, why probate can derail your family’s finances, and how new senior tax deductions change the planning landscape. From legacy misconceptions to smart charitable strategies and Roth opportunities, this episode helps simplify complex decisions and protect what matters most. For more information visit www.artofmoney.com! Follow us on social media: YouTube | Instagram | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

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.

A listener from Cleveland asks Loral two big questions:Can college tuition be put through a business and paid for before taxes?Can an SBA loan help reduce personal liability?Loral's answer is clear: yes, but it's all tax strategy, and it has to be done precisely. She explains that tuition can be paid through a business only when the student's education aligns with the company's purpose and when the proper corporate resolutions and legal documentation are in place.This episode digs into what most people miss: tax strategy isn't a one-day event at tax time, it's a year-round plan that affects how you spend, invest, and document everything. Loral's Takeaways:Discussion on Business Tax Strategies and SBA Loans (00:00)Corporate Structure and Tax Planning (04:24)Challenges with Current CPA and Tax Planning (06:03)Personal Financial Goals and Future Planning (07:16)Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment. Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems:

In this episode, Brent discusses fractional share real estate investments and what investors need to know before buying in. He explains how fractional ownership works, why these properties are often priced lower, and the key pros and cons investors should consider. Brent also covers the tax deductions many investors assume they can take but often cannot, along with other common issues that can affect returns and exit strategies. This episode is a must-listen for anyone evaluating fractional real estate as part of their investment plan. ___________________________________________________________________________________ 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/

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.

SummaryIn this episode of Whistle Talk, host Michael D'Ambrosio welcomes tax expert Jeff Conrad to discuss the intricacies of tax reporting for football officials. They cover topics such as income reporting, the importance of 1099 forms, allowable deductions, self-employment tax, and the significance of meticulous record-keeping. Jeff shares insights on navigating tax season, avoiding common pitfalls, and understanding the implications of hobby loss rules. The conversation emphasizes the need for officials to stay organized and informed as they prepare for the upcoming season and tax obligations.Chapters00:00 Introduction to Whistle Talk03:16 Meet Jeff Conrad: The Tax Expert04:12 Understanding Officiating Income06:48 Navigating 1099s and Tax Reporting10:40 Expenses and Deductions for Officials14:15 Self-Employment Tax and Hobby Loss Rules20:39 Record Keeping and Audit Preparedness27:28 Multiple Sports and Deductions34:54 Home Office Deductions and LLCs39:31 State vs. Federal Tax Considerations40:04 Avoiding Gray Areas in Tax Reporting44:19 Final Thoughts and RecommendationsAbout Jeff ConradProfessional:Tax Partner at FGMK, LLP Licensed attorney and CPA for 30 yearswww.fgmk.comFootball Officiating:- Licensed 38 years- 91 playoff games, including 6 state finals- IHSA Football Clinician 20 years- Illinois - 2023 NFHS Football Official of the Year - Southwest Prairie Conference Football Assigner- Athletic Officials Association - football division president & Executive Board Vice  President- Joliet Football Officials Association - Board Member- IACO Football Clinic - Past Chairman- Referee Magazine - 2 articles publishedIn addition, for the last 8 years, I have prepared video based training for all IL associations, and I have assisted Sam Knox with a training video series - Football Focus -  you can find on Youtube.  I also speak/present at 10 to 12 football clinics each year.

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."

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

On this powerful episode of Talk Law Radio, host Todd Marquardt is joined by Joseph Warren of Financial Planning HQ and Mark Nelson, CPA of Nelson & Mata for an in-depth conversation about tax law, retirement strategy, cryptocurrency reporting, and legacy planning.

The Moneywise Radio Show and Podcast Monday, January 5th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management Guest: Karen Clemans, CES®, Business Development Director for Accruit website: www.accruit.com/ The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Karen Clemans and their company are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management].

Learn how the 2026 tax law changes impact charitable deductions, SALT limits, and QCD planning—especially for donors over age 70½ and high-income taxpayers. 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.

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 episode:  What Trump Accounts are, who qualifies, and why parents of young kids should pay attention in 2026. How the "no tax on tips/overtime" headlines are misleading and what employers need to prepare for now. Why hobby losses are red flags for the IRS, especially for side gigs that never turn a profit. A timely breakdown of gift tax rules, including how to move money to family members tax-free and when you do have to file something. Creative ways to give to charity, including donor-advised funds and how businesses can deduct donations as advertising.

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

In this conversation, Vanessa Larios, founder of Closing Day Accounting, shares her journey into the world of bookkeeping and accounting for real estate agents. She emphasizes the importance of early financial help for new realtors, the value of streamlined services, and the significance of tax strategy in maximizing financial success. Vanessa discusses how her firm specializes in providing comprehensive financial services tailored to the unique needs of real estate professionals, ensuring they can focus on closing deals while leaving the financial complexities to experts.   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   —--------------------

KKOS Webinar: Solo 401(k) Tax Credit for New and Existing PlansMark and Mat return to the Directed IRA Podcast with holiday cheer, quick-fire banter, and a stocking stuffed with three Roth strategies that can transform your long-term wealth. This is the year-end roadmap every proactive investor needs.They break down how to time Roth conversions for maximum tax efficiency, how a Kid's Roth IRA can quietly grow into a seven-figure legacy, and how the mega backdoor Roth lets both employees and small business owners pump serious dollars into the tax-free zone.If you want your money growing tax-free, your strategy dialed in, and your year-end planning wrapped with confidence, settle in for this quick, insightful, and entertaining episode.Chapters: 0:00 - Warm Welcome And Light Banter1:12 - Roadmap: Three Year-End Roth Strategies1:54 - Strategy One: Roth Conversions And Chunking4:20 - Brackets, Deductions, And Timing The Tax7:16 - Backdoor Roth Clarified For High Earners8:04 - Strategy Two: Kids Roth IRA Mechanics11:18 - Paying Kids Legitimately And Funding Options15:02 - Early Compounding And Grandparent Angle18:27 - Strategy Three: Mega Backdoor Roth OverviewDirected IRA Homepage: https://directedira.com/ Directed IRA Explore (Linktree): https://linktr.ee/SelfDirectedIRA Book a Call: https://directedira.com/appointment/ Other:Mat Sorensen: https://matsorensen.com & https://linktr.ee/MatSorensen KKOS: https://kkoslawyers.comMain Street Business https://mainstreetbusiness.com

New tax laws are on the horizon—and they could significantly influence the way you give. The recently passed One Big, Beautiful Bill Act (often shortened to the OBBBA) introduces several changes that affect charitable givers today and in the years to come. To help unpack these shifts, we sat down with Bruce McKee, attorney and Senior Vice President of Complex Gifts at the National Christian Foundation (NCF).What the OBBBA Actually DoesDespite its cheerful name, the OBBBA carries serious implications for donors. Bruce explains that the bill makes permanent many provisions that were originally scheduled to expire at the end of 2025 under the 2017 Tax Cuts and Jobs Act. Key extensions include:Higher standard deductionsHigher estate tax exclusionsNew deduction floors for charitable giftsA new limit on itemized deductionsExtended business deductionsUpdated rules for university endowment taxesThese changes will affect different givers differently, but nearly everyone will feel the impact of the new standard deduction.The Standard Deduction Gets Bigger—AgainThis update alone affects roughly 90% of taxpayers.The OBBBA permanently extends the increased standard deduction and even boosts it for the 2025 tax year:Individuals: $15,750Married couples filing jointly: $31,500Because the standard deduction is now higher, fewer people will itemize. And when giving is lumped under the standard deduction, charitable gifts are no longer deductible.But there's a powerful workaround.If you want to maximize your tax benefits while maintaining your giving rhythms, “bunching” can help. Bunching means:Grouping several years' worth of charitable gifts into a single tax yearItemizing in that year, instead of taking the standard deductionUsing a donor-advised fund (DAF)—such as an NCF Giving Fund—to distribute gifts gradually over future yearsA giving fund works like a charitable checking account—a powerful tool for strategic, tax-efficient generosity. Bunching is especially impactful when paired with gifts of appreciated assets.New Charitable Deduction Floors Coming in 2026Beginning in 2026, charitable deductions will include a “floor”—a small portion of giving that won't be deductible at all.For IndividualsOnly the amount of charitable giving above 0.5% of your Adjusted Gross Income (AGI) will be deductible. Here's an example:AGI = $200,0000.5% floor = $1,000Whether you give $20,000 or $40,000, the first $1,000 is not deductible.For CorporationsA similar rule applies, but the floor is 1% of taxable income.Why This MattersThis floor means that givers with large AGIs—especially in high-income years—should consider giving earlier, before 2026 arrives. Strategic timing will matter more than ever.Even high-capacity donors who itemize may benefit from bunching in alternating years.New Limits on Itemized DeductionsThe OBBBA also introduces a “haircut” affecting all itemized deductions—not just charitable ones.Because the highest tax bracket (37%) is now permanent, itemized deductions typically reduce income taxed at that rate. But beginning in 2026:Deductions in the highest bracket will be valued at 35 cents per dollar, not 37.It's a relatively small shift, but it slightly increases tax liability and adds another layer of planning complexity. Once again, Bruce recommends intentionally reviewing giving strategies before the 2025 year closes.Estate and Gift Tax Exclusions: Higher and More StableThe OBBBA also stabilizes estate planning by raising the estate and gift tax exemption to:$15 million per individual$30 million for married couplesThese thresholds—once set to sunset back to near half—are now permanent (as permanent as tax law can be). This gives families greater clarity as they plan inheritances and consider charitable tools like trusts or family foundations.When people settle their estate planning, it often helps them focus their hearts on where God is calling them to give—what Ron Blue usually describes as “giving while you're living so you're knowing where it's going.”Good News for Non-Itemizers: The Above-the-Line Charitable Deduction ReturnsBeginning soon, non-itemizers will be able to deduct modest charitable amounts:$1,000 for individuals$2,000 for married couples filing jointlyThis applies to cash gifts made to churches and public charities. It's a welcome incentive for households that rely on the standard deduction.Navigating Change with WisdomThe tax landscape may shift, but God's call to generosity never does. Thoughtful planning ensures you can give joyfully, efficiently, and impactfully.If you want to steward God's resources with greater intentionality, a Giving Fund through the National Christian Foundation can help you:Maximize tax benefitsSimplify your givingSupport ministries you loveInvest funds for future generosityYou can open one in just a few minutes at FaithFi.com/NCF.On Today's Program, Rob Answers Listener Questions:My husband and I are turning 68 and need to move from our two-story home into a one-story house. We're considering new construction, but we'd either need a small mortgage or withdraw $50–60,000 from our 401(k). Our income is stable—he gets $3,000 from Social Security, and I make about $2,000. We manage fine month to month. Which option makes more sense?I'm 73, single, living on Social Security with excellent credit and no debt besides a small monthly charge card. I'm looking into either a HELOC or another home-equity option so I can access some of my home's value to help others before I pass away. What's the best way to proceed?Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)The National Christian Foundation (NCF) Movement MortgageWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.