Podcast appearances and mentions of josh bauerle

What did you think of todays show??How can you go from knowing nothing about real estate to closing seven deals in two months? Here's how Brandon Hien pulled it off as a virtual operator.This episode dives into the actions that helped him go from total beginner to building real momentum in his new real estate business. Brandon shares how he overcame early obstacles, found a reverse wholesaling partner, and successfully sources deals and makes offers remotely. Tune in to hear what it takes to break into real estate!Topics discussed:Getting into real estate with no real estate knowledge (2:37)The turning point in his real estate journey (4:41)How new investors should source deals (8:25)Three things that helped Brandon finally get deals (13:47)Establishing a reverse wholesaling relationship (18:14)Challenges of building a virtual wholesaling business (21:12)Balancing a W2 job while scaling a real estate business (24:44)Brandon's goals and how he plans to reach them (27:55)Advice for new investors (36:05)Connect with Josh Bauerle:https://www.instagram.com/josh_bauerle/Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com

What did you think of todays show??Having cash flow problems with your rental properties? Ohio real estate investor Josh Bauerle knows the struggle but he's found a solution to ensure steady monthly income.In this episode, we discuss the pros and cons of Section 8 housing and how to build wealth with rentals. Josh also shares how he runs his business with minimal overhead, finances deals with no cash down, balances his roles in the business, and more. Join the conversation now!Topics discussed:Why Josh sold two businesses and his rental portfolio (2:51)Running a lean operation with a small team (4:12)Sourcing deals: outsourcing marketing versus doing it yourself (4:45)How he funds his investment strategy (9:16)Balancing your responsibilities as a solo operator (10:42)Key KPIs is Josh's business (13:07)The pros and cons of Section 8 housing (14:22)How rentals can help you build wealth (21:42)The biggest challenge in Josh's business (23:46)Josh's crazy real estate ghost story (24:41)Connect with Josh Bauerle:https://www.instagram.com/josh_bauerle/Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com

Your small town might be the best place to invest in real estate, even if it's got only a few thousand residents. We know—everyone has told you to go to the bigger, growing cities where you can chase appreciation, but today's guest might change your mind. He was able to scale to over twenty rental properties in just a few years, all by buying in his rural Ohio town that you've probably never heard of. Even better? He bought the rentals with none of his own money, AND he was cash-flowing THOUSANDS per month. So how do you do it, too? Josh Bauerle tried to invest in real estate back in 2006. What was supposed to be a “quick flip” turned into a thirteen-year investment, which (thankfully) made a bit of money by the end. After taking a decade off from real estate investing, he got back in the game, first by buying a rental from his father and then by purchasing a twelve-unit real estate portfolio from a local friend. He then scaled FAST to a serious amount of rentals, all in a tiny town with a small population. After that, he stumbled upon the best-kept cash flow secret in real estate investing: section 8 rentals. Today, Josh is sharing how he did it without using his own money, and how you can do it, too, whether you're in a sizable city or a small town. In This Episode We Cover: Why living in a small town is a HUGE advantage for real estate investing Seller financing 101 and how to buy rental properties without getting a traditional loan Using other people's money to build a rental property portfolio Section 8 rentals, the pros and cons, and why they get you MORE rent than regular rentals The simple way that Josh has found his off-market real estate deals with social media And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Get Free Property Management Software for Landlords with Hemlane Grab Dave's Newest Book, “Start with Strategy” Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! The Pros and Cons of Accepting Section 8 Housing Connect with Josh Connect with Dave (00:00) Intro (01:27) A Failed "Quick Flip" (05:47) Taking a 10-Year Investing Break (09:17) Buying 13 Units at Once (15:13) Quitting His Job/Business (18:26) Using Other People's Money (20:11) Moving to a Bigger Market (23:53) Making More with Section 8 (30:10) Scaling Fast! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1018 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Bauerle of EOFire talks about maximizing your tax advantages as an entrepreneur Episode 726: Maximizing Your Tax Advantages as an Entrepreneur by Josh Bauerle John Lee Dumas is the founder and host of Entrepreneurs On Fire, an award winning podcast where he interviews inspiring Entrepreneurs every Monday and drops value bombs every Thursday. His goal with Entrepreneurs On Fire is to deliver the inspiration and strategies you need to FIRE UP your entrepreneurial journey and create the life you've always dreamed of. The original post can be found here: https://www.eofire.com/maximizing-your-tax-advantages-as-an-entrepreneur/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Bauerle of EOFire talks about maximizing your tax advantages as an entrepreneur Episode 726: Maximizing Your Tax Advantages as an Entrepreneur by Josh Bauerle John Lee Dumas is the founder and host of Entrepreneurs On Fire, an award winning podcast where he interviews inspiring Entrepreneurs every Monday and drops value bombs every Thursday. His goal with Entrepreneurs On Fire is to deliver the inspiration and strategies you need to FIRE UP your entrepreneurial journey and create the life you've always dreamed of. The original post can be found here: https://www.eofire.com/maximizing-your-tax-advantages-as-an-entrepreneur/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Bauerle of EOFire talks about taking the tax deductions you deserve as an entrepreneur Episode 686: Taking the Tax Deductions You Deserve as an Entrepreneur by Josh Bauerle John Lee Dumas is the founder and host of Entrepreneurs On Fire, an award winning podcast where he interviews inspiring Entrepreneurs every Monday and drops value bombs every Thursday. His goal with Entrepreneurs On Fire is to deliver the inspiration and strategies you need to FIRE UP your entrepreneurial journey and create the life you've always dreamed of. The original post can be found here: https://www.eofire.com/taking-tax-deductions-deserve-entrepreneur/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Bauerle of EOFire talks about taking the tax deductions you deserve as an entrepreneur Episode 686: Taking the Tax Deductions You Deserve as an Entrepreneur by Josh Bauerle John Lee Dumas is the founder and host of Entrepreneurs On Fire, an award winning podcast where he interviews inspiring Entrepreneurs every Monday and drops value bombs every Thursday. His goal with Entrepreneurs On Fire is to deliver the inspiration and strategies you need to FIRE UP your entrepreneurial journey and create the life you've always dreamed of. The original post can be found here: https://www.eofire.com/taking-tax-deductions-deserve-entrepreneur/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

WelcomeWelcome back to The Real Estate Nerds Podcast! On today's Best Deals episode, our host, real estate attorney Scott Smith welcomes Josh Bauerle. Josh isn't just an investor--he's also a CPA. As we soon found out, his background in number-crunching truly served him when he made his first and best deal. Listen to the full show to hear the play-by-play of how a collection of Midwestern properties (and a series of carefully planned meetings and negotiations) launched Josh into the real estate world on the right foot.Josh Bauerle's Best Deal: Josh joins Scott to tell him a bit about his life before and in the beginning of his real estate career. Then, the two get right into the circumstances that led up to his best deal.[1:30] Josh is both an investor and a CPA. His CPA background informs his real estate investing, particularly regarding how he structures deals. Today he has 15 properties, though he started with only two. [2:00] Scott asks for the “10,000 feet” view of Josh's best deal. He began looking at a triplex in the rural Midwest, where properties are cheap. He eyeballed a $40,000 triplex, but was presented with 20 properties, but settled on 13 owner-financed properties. He ended up being able to take them all. Between receiving 90% of the financing from the seller and a loan for the remaining 10%, he acquired these properties with none of his own money down.[3:00] Scott asks how Josh managed to find the seller that made this deal possible. Josh knew the seller personally from his small hometown. The seller even knew his parents. Josh was able to leverage this relationship and negotiate until he was pleased with the deal structure.[4:30] Josh's familiarity with the area helped him make this deal: “This was in my hometown. I could look at the street and know if it was a good area or bad area.”[5:00] While his prior relationship with the seller served Josh, it also made him more hesitant to “lowball” him. The seller wanted $460,000. Since he made a counter-offer of $330,000.[5:49] Josh's experience as a CPA helped him manage this negotiation: “I came in with this giant binder. I had every single property I wanted laid out. I went onto BiggerPockets, ran the numbers, and looked at the numbers on comparable properties in the area.” Being so well prepared allowed Josh to justify his counter-offer without offending the seller.[6:40] Between Josh's thorough due diligence and smart negotiations, he ended up paying only $341,000 for all thirteen properties.[7:20] Convincing the owner to finance the properties was Josh's next step. He also showed up fully prepared with his credit report, income, and all the information to respond to the seller's potential objections. He was even able to point out how the financing would save the seller money on capital gains taxes. This strategy was successful: “I think the key was I just went in and every objection he had, I had an answer for it. So there was really nothing left for him to say.” [8:40]Sealing the DealJosh surely found a great opportunity with these properties. So Scott wanted to know how he finalized the deal and ensured his success with the seller.[9:00] Scott asks whether Josh had anyone coaching him through these sophisticated negotiations. He did not. Josh relied on his experience as a CPA and his experience as partial owner of family properties to make the deal.[10:09] Josh points out that new investors are often too quick to accept unfavorable terms, and cautions against this: “You have to be willing to walk away if it's a bad deal.” Scott asks what dealbreakers Josh knew going in, and he shares what he wasn't willing to budge on and what his “walk-away number” was. [11:00] Josh was very mindful of his due diligence throughout the buying process. He was well aware that his properties, which averaged $39,000 each in value, weren't going to be perfect, but conducted thorough inspections to avoid missing major defects. The seller also had anxieties about what to do in the event he needed to foreclose on Josh. These were relieved by involving an attorney who drew up a contract that satisfied both parties.[12:51 Josh highlights a truth that this negotiation experience taught him: “I think with any deal you have to be flexible on either the terms or the price.”[13:45] Scott has found that in his experience, wealthier people are less fixated on price and more interested in good terms. He gives a couple of examples from his own investing life.[15:30] Scott asks Josh about the transition from closing to managing the properties. Josh explains that in this part of the country, owning property means managing it yourself. He had the good fortune of lucking into good tenants, and most of the properties were already occupied. His terms included that the seller get properties “rent-ready,” though the two were far apart on what that phrase actually means. For instance, he had to pay to fix a water line immediately on one property. Nevertheless, Josh's transition into management was smooth.The Takeaways: Build Trust and Do Your HomeworkJosh and Scott wrap up the show with the major takeaways listeners can learn from Josh's success story. The human pieces that made this investment work were Josh's ability to listen, research his properties exhaustively, and build the necessary trust to get the deal he wanted.[17:10] The two investors discuss the importance of trust in these transactions. Josh offers advice on going with your gut: “Something in you is going to to tell you that either you can trust someone or you can't...You've got to trust your instincts.”[18:41] Scott highlights how more points of contact and meetings with a person gives you a sense of who they really are. This doesn't apply just to his business, but is a general principle he also uses when hiring for his own firm, Royal Legal Solutions: “We don't hire anyone without having at least three contacts with them...People will tell you what's wrong with them. And everyone has something wrong with them, so once we know what it is, it's like ‘Cool. Welcome to the family!'”[20:00] While Scott's major lesson learned is getting to know a person well and develop trust, for Josh, the major lesson is the value of doing your homework. If he hadn't been thoroughly prepared and investigated every aspect of the deal--down to the cost of property taxes--he would not have been nearly as successful. He believes this also gained him credibility: “Successful people want to know that you did your homework.” [21:41][23:00] Scott makes one final observation about Josh's Best Deal: “This is a story about really listening to people and giving them what they what they want, down to an emotional level.”

In today's episode of Discount Property Investor Podcast, David Dodge is joined by Josh Bauerle. Josh posted in a group about how he had used the BRRRR method and some other methods to acquire a bunch of real estate over a short period of time and how he was able to use some tricks to pull money out of equity. Listen to this episode if you're somebody who's starting out and wanted to learn more about real estate investing as a whole and how to buy properties right. Connect with Josh to be able to get into deals and how to find them in a creative way.

Carl Peterson, the VP of Small Firm Interests with AICPA, joined us for this episode of Where Accountants Go, the Accounting Careers podcast.  In this episode, we cover Carl's not-quite-traditional start to his career, his many years of successfully running his own practice with his wife whom is also a CPA, and his eventual transition into the Small Firm Interests role at AICPA.  There definitely is much variety in this episode. If you… Didn't take college as seriously as you think you should have early on, and therefore had to work harder to get a good start, or Found that you liked public accounting due to the variety of work, or Ever felt like running your own practice may be the path to take, or Ever simply wondered what life in a small firm may be like… … then this episode will have value for you. Carl's interview is packed with great insight into what it means to work in a small firm, and what some of the unexpected advantages are.  In addition, he admittedly didn't work as hard in his early college days as he should have, and therefore had to job hunt more than the typical accounting major.  However, there are great insights to be had from that part of the story as well.  You certainly will both enjoy and learn something from this particular interview. If you do enjoy this interview, please also check out:  Josh Bauerle and Marcus Dillon Also, for other career-related advice, please check out our book “49 Tips For A Successful Accounting Career” on Amazon. To listen in on this interview with Carl Peterson, please use the player below.

Josh Bauerle from The Prestige Journal joins us on this week's Agency Journey episode to share his entrepreneurial story and tips for building a tax-efficient, tax-compliant agency.

Episode 34Josh Bauerle, CPA is a tax accountant and founder of CPA on Fire. Josh worked in a wide variety of accounting and advising positions prior starting CPA On Fire in December of 2012. His passion is working with entrepreneurs to help them maximize their profits and minimize their tax liability.On this episode, we dive into the following topics: What should ecommerce sellers that are just starting focus on in terms of taxesWhat is one of the top tax write-offs that is overlooked?What entity is better for a seller just starting to build a business, LLC, S-Corp?At what point is it better to transition from an LLC to an S-Corp?Top 3 tips to save on taxes for ecom sellersWhat are your thoughts on letting Amazon handle sales tax vs. applying for state nexus and doing it yourself?Are there any opportunities to save money on sales tax?What would you say to someone that says “I didn’t make any money from my start up this year, therefore, I am not going to file a return.”For your tax accounting needs, reach out to Josh here: https://cpaonfire.com/contact-us/ (tell them we sent you!)------------------------------------------------------------------------------------------www.FiringTheMan.comFacebookYouTubeInstagram Email us --> support@firingtheman.com

Grant Baldwin and Josh Bauerle hosted a Q&A on Facebook Live to talk about how speakers can benefit from the stimulus and address your questions about the stimulus check, unemployment, EIDL, and PPP. DISCLAIMER: We are not finance or tax experts. Please contact your financial planner or local financial institution for professional advice. EIDL - Economic Injury Disaster Loan PPP - Payroll Protection Program During the live stream, Grant and Josh discuss: Unemployment being extended to business owners and freelancers Two loan/grant programs for small businesses to take advantage of Which program is best for speakers to pay attention to? Are earning thresholds for the stimulus based on Billings or on adjusted gross income? How much unemployment can you claim? What is the timeline for unemployment payouts? How to apply for the EIDL Would speakers apply for unemployment? Or the grant? Or both? Can you apply for EIDL if you have a W-2 in addition to speaking gigs? What happens if you get denied? Being patient and persistent Do unemployment and IDL go off of W2 and/or K-1? Does past credit history (specifically bankruptcy) factor into EIDL acceptance? Do you need an LLC to apply for EIDL or can you apply as an individual citizen? Two placed to get financial help What is the PPP? Who is eligible? Discretionary power of banks in deciding who gets access to PPP How the PPP math breaks down on calculating what you’re eligible for Tips on selecting a financial institution to apply through What happens if the loan isn’t forgiven? Is the PPP looking at average gross or net profits? How to calculate payroll for a speaking business formed after the 2/15/19 date What to do if you started your speaking business on Jan 1, 2020 Will interest accrues on the unforgiven portion of the loan? What happens if you posted a loss because it was a new business? Can you apply for more than one of these programs? Or do you have to pick one route to go? Talk to your financial institution sooner vs later to figure out what you qualify for and how to get it For the EIDL, do you need an EIN? or can you use a DBA? What’s a "qualifying expense" to have the PPP converted from loan to forgiven? Do “contractors” = “employees”? If you file as an S-Corp, but are the only owner/employee, are you still eligible for the PP/EIDL benefits of a Sole Proprietor? If approved for EIDL loan, can you take the advance and not take the loan portion? If you’re a sole proprietor with little overhead, is it better to apply for EIDL or PPP? Making it easy for the financial institution to process your application Do you have to payback the stimulus? Will the bank look at your credit score? Are you taxed on unemployment? Taking a tip from Frozen II And more EPISODE RESOURCES The Prestige Journal Coronavirus (COVID-19): Small Business Guidance and Loan Resources from the SBA Video discussing the Paycheck Protection Program (PPP) Economic Injury Disaster Loan (EIDL) walkthrough Small Business Association (SBA) resources for EIDL and PPP The Successful Speaker, by Grant Baldwin Got questions? Send them in here Email me! Subscribe on iTunes, and leave us a rating or review

Learning the fundamentals of accounting is like learning a new language. Becoming “literate” in accounting doesn’t take quite as long as learning Russian, Spanish, or Chinese, but the advantages are indeed comparable. It’s safe to say that many people fear numbers – “I was terrible at math in school!” – so the word “accounting” calls up, for many, memories of days spent struggling over high school algebra. They prefer to leave the accounting to those who hang a CPA shingle outside their door, confident that the professionals will do a much better job of managing their money. But the fact remains that everyone should have a little accounting knowledge and, truly, the math involved isn’t all that difficult. Nonetheless, knowing the basics, from how to balance your checkbook to learning to keep good financial records for tax purposes, can go a long way, whether you’re a small business owner, investor, manager, lender, or just in charge of the household finances. Having a clear knowledge of your business’s financial life is important. No one should be in the dark about their overall financial picture. That’s a disaster waiting to happen. However, with a perfunctory knowledge of basic accounting principles, including assets and liabilities, creating financial statements, budgeting, and more, you’ll be on the road to healthier relationship with your money. PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio. ©2016 ClydeBank Media LLC (P)2016 ClydeBank Media LLC #accounting #learning #math #knowledge #lender #llc #liabilities #budgeting #assets #investor #joshbauerle #russellnewton #quickstartguide #newtonmg #clydebankmedia Blog it! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/voiceoverwork/message

Today we are speaking with Josh Bauerle, a CPA and series 65 licensed financial advisor. Has worked in a wide variety of accounting and advising positions prior to starting my own business, CPA On Fire, in December of 2012. His passion is working with entrepreneurs to help them maximize their profits and minimize their tax liability, and also a love of writing and talking with people. Josh also has a truly inspirational story to tell regarding IVF and the challenges faced, and the awesome work he is doing with his very own foundation, plus we discuss junior tennis and his involvement in the sport. What an incredible way to give back! Relevant Links: Linked In: https://www.linkedin.com/in/joshbauerle/ Twitter: https://twitter.com/cpaonfire YouTube: https://www.youtube.com/channel/UC5R6REmuJGIVxwY-LcAqUbQ

Have you ever had a moment when you got amazing news and then a few minutes later you find out that the news wasn’t as great as you thought it was? Unfortunately, a similar situation has cropped up in ecommerce circles with the new tax law. Here to help bring clarity to the subject is Josh Bauerle. In his conversation with Scott, Josh explains the confusion surrounding the tax law, how it will affect ecommerce sellers like you, steps you can take to make sure you are working off of the right information, and much more. Don’t miss a minute of this informative episode of The Amazing Seller! Wait, what happened? Like most ecommerce sellers you were probably pumped to hear about the new change in the tax policy that allows businesses to write off inventory whether they sell it or not. This news was hailed as a game changer as it would save small business owners a ton of costs when it comes to taxes. Sometimes that old saying holds, “If something sounds too good to be true, it probably is.” Josh Bauerle and Scott took their time and did their due diligence tracking down all the info they thought they’d need to bring this new change to the TAS community. As it turns out, the tax policy is not as clear as they thought it would be on this change. The debate continues as different CPA’s have different takes on how business owners should interpret the new tax law. Why you need a CPA. This issue serves as a prime example to show ecommerce sellers why they need to have established a relationship with a CPA that they can trust. The benefit of having a relationship with a CPA who knows your specific business is that they can take a look at this new tax policy and give you their professional opinion on how you should adjust your business practices accordingly. If you only take your financial advice from what you hear or read online, pause! You need a CPA in your corner helping you through all the ins and outs. Don’t try to game the system. If you’ve been around the TAS community for very long, you know that Scott works hard to make sure that the advice he gives toes the ethical line. He doesn’t want to walk right up to it or mess around with shady business practices, and neither should you! Some voices in the ecommerce community are sharing ways you can manipulate your business and game the system to work in your advantage. You should see blaring red lights when this happens! While it may take more work and cause you to take the long route to success, keeping your business practices ethical will allow you to build something you can be proud of. To hear more about this tax policy news and more from Josh and Scott, make sure to listen to this episode of The Amazing Seller! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:35] Scott’s introduction to this episode of the podcast! [1:50] Scott welcomes Josh Bauerle to the podcast. [3:15] The guys talk about the confusion around the new tax policy. [8:00] Where is the line? [17:30] Closing thoughts from Scott. RESOURCES MENTIONED IN THIS EPISODE www.theamazingseller.com/591 Rich Dad Poor Dad Tom Wheelwright Josh[at]cpaonfire.com Info[at]tpjllc.com www.cpaonfire.com

Aren’t you ready for some good news to hit the ecommerce sector? If you could pick one area that you’d like to hear good news about when it comes to your business, what would it be? On this episode of The Amazing Seller, you’ll hear from Scott as he welcomes his guest, Josh Bauerle. In his conversation with Scott, Josh breaks the amazing ecommerce news, what the new Trump tax policy means for your bottom line, which business entity you should form, and so much more. Don’t miss a minute of this exciting and informative episode with Josh! The BIG News! Here it is, the big news that will help ecommerce sellers like you save money and take your ecommerce business to the next level. You can now deduct one hundred percent of the inventory that you purchase in a given year. This is huge news! You no longer have to worry about that inventory that you bought that failed to sell, you get to write that off. Goodbye, “Inventory tax!” To hear the full break down of this exciting news and what it means for you, make sure to listen to this episode of The Amazing Seller! Which business entity should you form? As you get your ecommerce business off of the ground, you might be wondering which business entity you need to create. Here to help navigate the complexity that comes with that question is, Josh Bauerle. According to Josh, there are three different entities you could create for your ecommerce business, Sole proprietor / general partnership Limited Liability Corporation (LLC) S-corporation Find out how each entity operates differently and which one is the best fit for your ecommerce business by listening to this helpful episode of The Amazing Seller! Don’t try to game the system. Let’s face it, the pressures of building an ecommerce business from the ground up are significant. There is no need to compound your stress by trying to game the system. There have been some substantial changes to the federal tax code that makes it easier for sellers like you to build a successful business the right way. Don’t be tempted to take a shortcut! To hear more about his vital topic from Scott and Josh, make sure to catch this engaging episode of The Amazing Seller! Changes in your favor. Are you ready to get your ecommerce business out there and making a profit? The great news is that the government is actually passing policy that will make your life easier! Not only do ecommerce sellers like you get to write off inventory that you purchase, but you also get a twenty percent tax break on your profit! This is wonderful news! Now you can use these funds to expand your business as you look to the future or put that money back into your pocket. For further info on this important development, make sure to listen to this episode of The Amazing Seller! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast! [0:30] Josh Bauerle joins the podcast. [2:15] BIG TAX NEWS! [11:00] What does the new tax policy really mean for your bottom line? [16:00] Which business entity should you form? [22:30] Don’t try to game the system! [25:45] How to connect with Josh. [29:00] Closing thoughts from Scott. RESOURCES MENTIONED IN THIS EPISODE Josh[at]cpaonfire.com Info[at]tpjllc.co www.cpaonfire.com

This week on the Real Estate Nerds Podcast, our host and real estate attorney Scott Smith welcomes Josh Bauerle. The two investors talk about Josh's life before real estate as a young CPA, and how he seized on an opportunity to buy 13 properties near his Midwestern hometown. Josh ended up closing on those properties […]

How much will you save from the new tax law? It turns out that while there are some great "gives" from Uncle Sam for entrepreneurs, there are several potentially costly "takes" as well. Death and taxes, right? To help talk through how some of the most important tax law changes will impact your bottom line, I invited Josh Bauerle from CPAonFire.com back on the show. You might remember Josh from episode 208 where he answered tax questions from the Side Hustle Nation community. This time, Josh talks through the new benefits for pass-through entities, changes in C-Corp taxes, the new standard deduction amounts, changes to child tax credits, and more. Note: Click here to download Josh’s breakdown of how the new tax law impacts your personal bottom line. Tune in to hear Josh talk through the most important tax changes and how they affect you as a small business owner or side hustle entrepreneur.

Josh Bauerle is the founder and operator of CPA On Fire. As a CPA who has prepared thousands of tax returns, I have seen what makes some small businesses a success and others nothing more than a tax loss. Josh has turned being a CPA into a brand and built a very successful business in the process. In this episode: How does the new tax plan affect us? What are we missing on our taxes? Practical and tactical goals we can all follow...   To connect with Josh, visit his CPA On Fire website! Join the Code of Character Facebook group! Follow us on our CodeofCharacter.com!

This week I sat down with CPA, Josh Bauerle. Josh is a CPA an the founder of CPA on Fire, a tax and accounting firm that specializes in working with online based entrepreneurs. HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE: An overview of some of the big changes with the new tax reform. Updates to the Standard and Itemized deductions along with the Personal Exemption and how they impact you. The changes made to how local and state income and property taxes are deducted and how this could be less than ideal depending on the state you live in. Are you a homeowner or anticipating become one? There’s a change to mortgage interest deductions as well. If your business is a pass-through entity, there are some beneficial changes you’ll want to be aware of for your income. How the 529 plan can now benefit your children’s education beyond college. How to identify some of the myths that have been going around about the tax reform. What entrepreneurs should be doing in order to better prepare for the changes from the new tax reform. The biggest action item an entrepreneur can do to better understand the success of their business. When to establish a payroll for yourself and when to take distributions. If you do switch to payroll, what to consider when deciding the amount to pay yourself. Retirement savings tips for entrepreneurs. A good rule of thumb to follow when taking deductions for your business. LINKS WE MENTIONED ON THE SHOW: CPA on Fire (Josh’s Website) How to file Form 2553 (to file as an S-Corp) Gusto

Josh Bauerle with Entrepreneur on Fire shares how to maximize your tax advantages as an entrepreneur. Episode 298: Maximizing Your Tax Advantages as an Entrepreneur by Josh Bauerle with Entrepreneur on Fire (Small Business Write Offs). Kate Erickson joined John Lee Dumas and the EOFire team in April 2013 as the Content Creator. Since then, she's grown to consider herself the overall Implementer of all things at EOFire. Over the past several years at EOFire, she has uncovered new passions. Her most recent: helping entrepreneurs create freedom in their business and life through developing systems and processes that can help their business scale and grow. The original post is located here:  and  Thank you to ZipRecruiter for sponsoring! Listeners of O.L.D. can post jobs on ZipRecruiter for FREE! Just go to:

Josh Bauerle with Entrepreneur on Fire shares how to maximize your tax advantages as an entrepreneur. Episode 298: Maximizing Your Tax Advantages as an Entrepreneur by Josh Bauerle with Entrepreneur on Fire (Small Business Write Offs). Kate Erickson joined John Lee Dumas and the EOFire team in April 2013 as the Content Creator. Since then, she's grown to consider herself the overall Implementer of all things at EOFire. Over the past several years at EOFire, she has uncovered new passions. Her most recent: helping entrepreneurs create freedom in their business and life through developing systems and processes that can help their business scale and grow. The original post is located here:  and  Thank you to ZipRecruiter for sponsoring! Listeners of O.L.D. can post jobs on ZipRecruiter for FREE! Just go to:

Its that topic that few people like to talk about, taxes! But with tax season fast approaching, business owners like you need to know the most important information to stay productive. On this episode of The Amazing Seller, Scott invites Josh Bauerle back on the podcast to talk about all the relevant info sellers like you need to be aware of for the upcoming tax season. Together they cover why bookkeeping is so important, when to outsource a bookkeeper, what you can deduct as a business owner, what to do will inventory that won’t sell, what type of business entities to create and when, and so much more! You don’t want to miss a minute of this helpful episode! Why good bookkeeping is so important. Any good builder knows that if you want to have a solid end product, you’ve got to have a quality foundation. That same truth applies to building a business, if you want to succeed, don’t skimp on the basics! On this episode of The Amazing Seller, you’ll hear from CPA Josh Bauerle as he shares the importance of good bookkeeping. According to Josh, part of the process of keeping organized books is having separate accounts for your business. You need to have a bank account that is specifically set aside for your business, not a mixture of business and personal use. That same principle needs to be applied to your use of credit cards too. Get more helpful advice regarding bookkeeping and much more from Josh on this episode! How deductions can help you save BIG! Did you know, as a business owner, that you have a wide range of options at your disposal for deducting costs associated with your business? As a business owner who is likely running a large part of your business out of your home, there is a list of ways you can use deductions on everyday categories. For instance, you can deduct up to ten percent of your mortgage payments if you work out of a home office. You can also deduct utilities such as internet service and even travel costs! Learn more about tax deductions on this episode of The Amazing Seller with guest CPA, Josh Bauerle! What you can do with inventory that won’t sell. Have you ever been told that you should buy up lots of inventory before the end of the year to use it as a tax write off? Is that sound advice? What should you do with inventory that you can’t seem to sell no matter what you do? On this episode of The Amazing Seller, Scott and his guest, CPA Josh Bauerle go over some helpful options to both scenarios for sellers like you to consider. For the first scenario, Josh says that you can not use the purchase of new inventory as a write off until that inventory has been sold. For the second scenario, Josh says that it is a good idea to consider inventory you can’t sell as “Scrapped Inventory,” this allows you to write off the cost of acquiring that product as long as you document that you’ve disposed of it. To hear the guys expand on both of these topics and much more, make sure to listen to this fascinating episode! Four different types of business entities you should consider creating. As you start building your ecommerce business, you might be left with the question of which business entity you should create. Which option is the best one to select at the stage you find yourself in? On this episode of The Amazing Seller, Josh Bauerle breaks down the four options of business entities you can create and roughly when is the most appropriate time to set them up for your business. The four entities you can create are; Sole Proprietorship or if you have a partner, a General Partnership. Limited Liability Company also known as an LLC. S Corporation. C Corporation. To hear Josh break down each option and when it would be best to consider creating the entity that is the best fit for you, listen to this episode to find out! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast! [5:00] Why bookkeeping is so important for business success. [12:30] Outsource a bookkeeper. [15:00] What can business owners deduct? [25:00] Can you deduct inventory that hasn't been sold? [28:00] What is “Scrapped Inventory?” [32:30] The question you should ask yourself when thinking through deductions. [35:30] Josh talks about the different types of entities that you can create. [47:00] How do you know which entity to create? [48:30] When do you have to collect sales tax? [55:00] How you can save money by running your business outside of the US. [58:30] Will the new US tax legislation impact Amazon sellers? [1:04:00] Closing thoughts from Josh. RESOURCES MENTIONED IN THIS EPISODE www.cpaonfire.com www.cpaonfire.com/firenation Zero Quickbooks Online Wave GoDaddy Bookkeeping www.theamazingseller.com/fetcher Bench Bookkeeping www.taxjar.com

Josh Bauerle of CPA on Fire guest posts on Entrepreneur On Fire, sharing how to take tax deductions you deserve as an entrepreneur. Episode 248: Taking the Tax Deductions You Deserve as an Entrepreneur by Josh Bauerle with EOFire (Business Taxes and Accounting). Kate Erickson joined John Lee Dumas and the EOFire team in April 2013 as the Content Creator. Since then, she's grown to consider herself the overall Implementer of all things at EOFire. Over the past several years at EOFire, she has uncovered new passions. Her most recent: helping entrepreneurs create freedom in their business and life through developing systems and processes that can help their business scale and grow. The original post is located here:   & in ! and  Get a free 30-day trial of LinkedIn Learning today: 

Josh Bauerle of CPA on Fire guest posts on Entrepreneur On Fire, sharing how to take tax deductions you deserve as an entrepreneur. Episode 248: Taking the Tax Deductions You Deserve as an Entrepreneur by Josh Bauerle with EOFire (Business Taxes and Accounting). Kate Erickson joined John Lee Dumas and the EOFire team in April 2013 as the Content Creator. Since then, she's grown to consider herself the overall Implementer of all things at EOFire. Over the past several years at EOFire, she has uncovered new passions. Her most recent: helping entrepreneurs create freedom in their business and life through developing systems and processes that can help their business scale and grow. The original post is located here:   & in ! and  Get a free 30-day trial of LinkedIn Learning today: 

Josh Bauerle, an Ohio CPA that serves many clients including podcaster John Lee Dumas of Entrepreneur On Fire, joined us for this week's episode of Life In Accounting: The Where Accountants Go podcast. “CPA on Fire” Josh started his career by trying several different roles – cost accounting, financial advising, and public accounting – before deciding that developing his own practice was the ideal fit for him. He came from an entrepreneurial family, so although he and his wife had just become the parents of twin boys (!), the risk didn't thwart his determination. He talks a little about the early years, but it was when he started working with John Dumas of Entrepreneur On Fire that his technology clientele seems to have started to grow exponentially. As of the timing of this interview, almost all of his clients have some type of online business – with many being in the e-commerce sales industry. All Remote! One of the more interesting parts of this interview is when Josh gets to talking about the make-up of his current clientele. Due to the nature of how his practice has grown, he doesn't actually serve any local clients. All of his clients live in other cities. Therefore, the majority of their interaction is online via portals or Skype. In fact, even his contracted help is all remote. He has three team members that assist him with servicing his clients, all three of which work remotely. Positioning & branding One of the leading reasons we wanted to interview Josh was for his leading edge view of positioning and branding. Josh has built a unique practice focused on serving clients in a specific industry, and in a specific way. It can be difficult for many entrepreneurial CPAs to differentiate themselves in the market, so I think you will find this discussion with Josh very enlightening. Make sure you listen closely – you may even want to take notes. Although Josh says he isn't particularly tech-savvy, he does list a few tools he uses as well as processes that work well for him in this remote-based practice. I hope you enjoy! See you next week. There's more to come… Mark Goldman CPA President – Where Accountants Go www.WhereAccountantsGo.com If you found this episode beneficial and haven't subscribed yet, please visit https://whereaccountantsgo.com/blog/ and click on the orange “Subscribe” button in the upper right hand corner to be notified every time we post new content. Thank you!

Do you ever find your head spinning when trying to figure out all the in’s and out’s of your ecommerce business’s taxes? Don’t you wish there was someone who could cut through all the clutter and give you clear answers to some of your top questions regarding taxes? On this episode of The Amazing Seller, you’ll hear from Josh Bauerle as he addresses common questions and issues ecommerce sellers like you run into. He covers topics like bookkeeping, keeping separate bank accounts, quarterly taxes, and more! Make sure you have your pen and paper ready for this helpful episode! How Important is Bookkeeping? It's probably one of the least sexiest yet MOST important subjects when running an ecommerce business… bookkeeping. What do you need to do to protect yourself and make sure you are operating within the confines of the law? How do you start small and scale your approach as your business gets off the ground? On this episode of The Amazing Seller, Josh Bauerle breaks down why you should focus on keeping your business account separate from your personal account. He also provides helpful tips on which tools you can use that will ensure that you have a clear accounting of all your business details. To hear Josh go further with this topic, make sure you catch this episode! How Should You Pay Your Taxes? So you have your business up and running and your product launch ready, but you still have to figure out details like how to pay your business taxes. What do you do? What is the best way to pay for your taxes, quarterly or annually? On this episode of The Amazing Seller, Josh Bauerle explains why paying your taxes quarterly is the best solution. He also provides a helpful tip for estimating how much you should pay each quarter so you aren’t left with a huge difference or even a penalty at the end of the year. Josh’s insights might be just the thing you need to make sure you have all your ducks in a row, don’t miss it! Why You Should Set Up An LLC Did you know that if you don’t set up an LLC you are personally vulnerable to any lawsuits brought against your company? Is setting up an LLC the best option for you and your ecommerce business or are there other routes to take? On this episode of The Amazing Seller, you’ll hear from Josh Bauerle as he goes over the benefits of setting up an LLC and how other business entities work. Josh explains how an LLC can provide an extra wall of protection for business owners like you should your company become the subject of a lawsuit. In addition, he goes over how virtual assistants and contractors fit into the tax equation. Don’t miss this helpful episode! Navigating Sales Taxes One of the most complicated areas of running an ecommerce small business is dealing with sales taxes. The reason this can be so complicated is due to the fact that there isn’t a unified explanation from the government on how to respond to this issue. It's complicated by the fact that your location, your product’s location, and where you customer buys the product can all be in different states which increases the difficulty of assessing what sales tax level you need to pay. To help you make some sense of this issue, Josh Bauerle joins Scott on this episode of The Amazing Seller. Josh doesn’t have all the answers on this topic because it's such a complicated and difficult one, but he does have a place for ecommerce seller like you to start. Make sure to catch this episode! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast! [3:00] Josh Bauerle joins the podcast. [4:30] Josh talks about the necessity of good bookkeeping. [11:00] Why you need to have a separate bank account for your business. [17:00] Can you use product inventory as a tax deduction? [20:30] Why should you pay quarterly taxes? [22:00] A great tip for projecting your quarterly taxes cost. [28:30] How do business entities work? [31:30] Why you should set up an LLC. [47:00] Josh and Scott discuss the role of sales taxes. [55:00] Josh talks about the exciting service that he is developing for FBA Seller! RESOURCES MENTIONED IN THIS EPISODE www.CPAonfire.com Mention “Full Service” Josh’s email: jose[at]cpaonfire.com Mention “Full Service” in the subject line. www.theamazingseller.com/fetcher Jungle Scout Wave Splitly Quickbooks FreshBooks Xero TaxJar

Josh Bauerle is the CPA on Fire. He provides accounting advice and services for many successful entrepreneurs such as John Lee Dumas of Entrepreneur on Fire. Listen in as he explains what entrepeneurs need to know (choose the right business entity, don't want until tax time, separate your business and personal bank accounts and credit card) as well as how he's marketed himself online and discovered his unique hook. Resources CPA on Fire (Website) Four Finance Lessons Entrepreneurs Can't Afford to Miss (Free Report) Contact Josh: josh@cpaonfire.com

Ready for another one?! Today on The Speaker Lab we have two more questions from listeners just like you. Stephanie sent a voicemail asking about the proper strategy for thanking clients after a speaking gig. She wondered if it's okay to send gifts, or what other approaches are acceptable to say thank you to a client. We have a second and equally interesting question from John. He is getting into speaking and starting to build his platform. He has written a book and intends to write more, and he plans to give away some of those books. John asks if he needs to be a non-profit, or if he can still operate as a for-profit business. Listen in to hear the answers to both of those questions and then apply them in your speaking career! It's all here on episode 129 of The Speaker Lab. THE FINER DETAILS OF THIS SHOW: The four reasons to give thank yous to your clients after an event. Which should you go after: relationships or gigs? What is something most speakers don't do (but should)? The 5 ways my team and I show appreciation after an event. Who should you give handwritten thank you cards to? What types of thank you gifts can you send? Do you need to operate as a non-profit to make donations? Why it's okay to receive money for helping people. And so much more!   EPISODE RESOURCES Stephanie Salasek's web site John Mouser's web site How to Manage Your Taxes with Josh Bauerle, Episode 72 Choosing a Business Structure for Your Speaking Business, Episode 38 Booked and Paid to Speak Free speaker workshop The Speaker Lab Facebook group Got questions? Send them in here Email me! Subscribe on iTunes, and leave us a rating or review

Entrepreneurship is such a hot topic right now. In fact, it's a buzz word that gets tossed around quite carelessly but it's something every man should, at least, consider. Not only does entrepreneurship provide opportunities for additional income, but there are tons of other benefits as well. Today, Josh Bauerle - the CPA on fire - joins me to talk about what those benefits are, the common pitfalls and mistakes young entrepreneurs make, where anyone considering launching a business should start, and why every man should consider building a business on the side. Josh Bauerle Gentlemen, I am honored to be introducing you to my friend and guest today, Mr. Josh Bauerle, the CPA on Fire. I'll be honest with you, I was a little hesitant to bring a CPA on the show because they're notorious for being a little dry to say the least. But you're going to hear in a minute that Josh is anything but dry and has a passion for helping entrepreneurs start, grow, and maximize their business through some very simple yet effective strategies. In fact, some of the strategies he shares in this interview allowed him to start his own busines in 2012 and team up with some podcasting powerhouses like John Lee Dumas with Entrepreneur on Fire. You're going to get a ton from this interview because we don't just talk theory and tax code, we talk about real tips, tactics, and tricks you can use to reap all the benefits of starting your own business. Please leave us a review at http://www.orderofman.com/itunes Shownotes: http://www.orderofman.com/099 Website: http://www.orderofman.com

Note: Click here to download Josh's top tax saving tips and advice from this episode. Josh Bauerle is the CPA on fire at cpaonfire.com. Josh specializes in tax preparation, tax planning, booking keeping, and general consulting services to take the accounting side of your business to the next level. Just 30 minutes with Josh about a month ago saved me thousands of dollars, so you owe it to yourself to listen to this episode and see if you can put some money back in your pocket too. In this episode, Josh goes into detail about the tax implications with each type of business entity you can form, as well as how you can potentially save thousands of dollars by registering as an S-Corp. Josh also covers which expenses are deductible to your business, how to include health insurance as a tax-deductible, and how you can reduce your tax bill by investing more into retirement accounts. He also spends some time explaining the often confusing issue of how much sales tax FBA sellers should be paying and under which state tax laws, as well as recommending a service to automate the process. Tune in as Josh answers several questions from the Side Hustle Nation community and shares some of his best tax saving tips and advice. This isn’t another one of those dry conversations around tax, it’s packed with actionable tips and advice to help you put more money back into your pocket.

It’s one thing to learn the hard way. It’s an even BETTER thing to learn from the hard mistakes that OTHER PEOPLE have made. You can be one of the smart people who learns from that second option by listening to this episode of The Amazing Seller. It’s one of the Friday, “Ask Scott” episodes where you are able to ask your questions, share your mistakes, and find out how to an experienced Amazon seller would handle your situation or circumstance. It’s a great way to learn from the experiences of others to shorten your learning curve and make your business more profitable, faster. What happens on Amazon when you change your product packaging? One of the listeners to The Amazing Seller podcast called in to ask Scott about the impact of changing his product packaging. He’s making improvements to the quality and appearance of his product, which is always a great thing to do for the sake of customer perception of your brand and products. But does a change in packaging change the way Amazon handles his products? Does it affect his product listings in any way? Is he going to run into trouble because his products are not exactly the same as they have been in the past? Scott Voelker has a great answer about this issue and even gives some advice about how to go about deciding on the better packaging options for your products - it's all on this episode. Use existing products and reviews to magnify sales of product variations. When you’ve got an existing product for sale on Amazon and the reviews have already been coming in, you’ve got a great asset that you need to capitalize on. But how do you do that? Scott’s got some suggestions for how you can use the reviews and the ratings on your current Amazon product SKUs to help you build brand awareness, cross-selling possibilities, and more for your related or variation products. He’s sharing those ideas on this “can’t miss” episode of the podcast, so be sure you make the time to listen. How to create a brand name or brand identity for your eCommerce products. We all know the brands that have dominated the retail industry. Nike. Apple. Harley Davidson. These companies are known for their brand identity as much as they are for the products or services they provide. How do you create a brand that is THAT powerful? Is there a simple but effective way to begin the process? Scott Voelker is a proponent of what he calls “Open Branding” and on this episode of The Amazing Seller Podcast, in response to a listener question, he walks through what it takes to build an open brand, what it means for you as a person growing a brand from nothing into prominence, and how you can get started today. What is your biggest eCommerce or Private Label struggle? Get a solution here. There’s nothing like an experienced voice of reason to come alongside you when you’re struggling to find an answer to a pain point or problem you have. In business, that can be extra helpful because every delay or misstep can cost you money. This is an “Ask Scott” episode of The Amazing Seller Podcast where Scott Voelker answers your eCommerce, business, and Amazon sales questions. You don’t have to learn all the lessons yourself by making mistakes. You can learn from someone who’s been down the road ahead of you and is happy to help you learn to navigate your journey using his mistakes and lessons learned. If you’re at all interested in eCommerce, this episode is a great introduction to what it takes to build a successful business. OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this Q& A session of the podcast! [5:07] An upcoming TAS unofficial meetup in San Diego! [6:20] QUESTION ONE: Upgrading my packaging… does Amazon care? Does it change anything? [14:10] QUESTION TWO: When my product has variations and I stop selling the original SKU, will I lose the reviews I have accumulated? [20:28] QUESTION THREE: What is your process of coming up with an actual brand name? RESOURCES MENTIONED IN THIS EPISODE www.TheAmazingSeller.com/ask - how you can ask your own questions www.TheAmazingSeller.com/288 - episode with Josh Bauerle about taxes www.TheAmazingSeller.com/workshop - Register for 1 of 2 workshops www.TheAmazingSeller.com/FB - the TAS Facebook group

  It’s nearing the end of the year and most sellers are so busy preparing for a great fourth quarter that they aren’t thinking a bit about preparing for tax season. That’s pretty normal but could be a mistake. You’ve got to begin thinking through your tax liability a long time before tax season comes. That’s why Scott is doing this episode with his friend and business accountant, Josh Bauerle. Josh works with lots of online entrepreneurs and Amazon sellers and has a great deal of experience dealing with the tax implications of those kinds of businesses. You’re going to learn some great things from Josh on this episode so make sure you carve out the time to listen and get yourself ready for tax season. One of the biggest tax mistakes Amazon sellers make has to do with inventory. As a seller of online products you naturally have inventory. Inventory is the products you purchase to resell through your online platforms. You can write off your inventory when it comes to taxes - BUT inventory for tax purposes is NOT what you might think it is. You’ve got to know what the IRS considers to be inventory, how it handles these things, and how it requires you to keep your inventory records. Josh Bauerle is an expert on these things and he’s got a very clear explanation of how you need to handle your inventory issues - and he shares it on this episode. Sales tax is a real headache for eCommerce sellers. Do you know how to handle it? Every person or company who sells products online is liable for sales tax on those products. It's not only a federal issue, it also varies with each state in which the products are sold. If you spend even a small amount of time thinking about that you’ll realize that the potential sales tax liability for an Amazon private label seller can get pretty heavy, pretty quickly. And on top of all that, every state handles the rules differently. You’ve got to get this one figured out though - it could make or break your business. CPA Josh Bauerle is Scott’s guest on this episode and he’s got lots of wisdom for you regarding taxes and tax liability. Why it’s legally vital for you to keep business funds separate from personal funds. Many people start out in business flying by the seat of their pants. Every business expense and every personal expense seem to be the same thing because they are living off of the money they make from the business. But today’s guest, Josh Bauerle is a CPA who has worked with business people for a long time and he’s got some horror stories about the kind of things that can happen when you co-mingle your personal and business expenses. On this episode, he highlights the reasons you need to keep those funds separate and how you can easily track and coordinate them to keep you out of tax trouble. This section alone is worth the time it will take you to listen. Are you getting all the business tax deductions that are rightfully yours? When you start a business of any kind you’re going to spend money for a variety of things that go into the operation of your business. From office supplies, to educational resources, to trips, you can legally and ethically write off many of the expenses you have in order to decrease your tax liability. But there are guidelines for how you do it that you have to understand so that you don’t get yourself in trouble with the IRS. Find out how to do tax deductions the right way from Josh Bauerle, CPA on fire, on this episode of The Amazing Seller. OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to this episode of the podcast with Josh Bauerle. [4:00] Josh’s experience with Amazon clients so far. [6:15] How you should track inventory for tax purposes. [11:18] The variety of business entity options you could form for your business. [16:30] The essential nature of using a separate checking account for your business. [20:00] The tax advantages of forming an S-corp. [25:50] What is sales tax and why it’s a mess for Amazon sellers. [33:30] The tax breaks that come through business deductions. [42:00] Why bookkeeping is vitally important for eCommerce sellers. RESOURCES MENTIONED IN THIS EPISODE www.CPAOnFire.com - Josh’s company website. www.TheAmazingSeller.com/143 AND www.TheAmazingSeller.com/241 - episodes where Josh was featured in the past. www.TheAmazingSeller.com/257 - episode about sales tax. www.TaxJar.com www.JungleScout.com Quickbooks Xero Wav Apps Freshbooks

Do you dread taxes or worry you aren’t using the right entity for your business? Then this is the episode for you! Josh Bauerle, CPA, accountant and all-around tax wizard is here for the 72nd edition of The Speaker Lab. Josh has started his own business working directly with entrepreneurs as a CPA. Between tax entities, business entities, and deductions, there’s a lot to know, and Josh has you covered. Josh has worked as an accountant for over a decade, and currently works as a CPA for Entrepreneur on Fire as well as running CPA on Fire. He provides services to small business owners that are both high-quality and affordable, and shares his knowledge and experience with us today. In this episode we talk through the different types of small business classifications and how taxes factor into each of them. Tune in for all this and more on this episode of The Speaker Lab! THE FINER DETAILS OF THIS SHOW:    What are the differences between an S Corporation, sole proprietorship, and an LLC? How to set your salary in order to maximize your income. What are the benchmarks you should be looking for when moving to an S Corp? How do you set aside money for taxes? What can you write off as tax-deductible? How do legal concerns factor into your small business type? Josh explains. What happens when your business crosses state lines? And so much more! EPISODE RESOURCES Josh Bauerle's web site Josh Bauerle on Twitter The Speaker Lab Facebook group Top Speakers Tips Ready for more speakers? Join our free speaker workshop Got questions? Send them in here Email me! Subscribe on iTunes, and leave us a rating or review

CPA On Fire is a tax and accounting firm focused on helping entrepreneurs, wantrepreneurs, sidepreneurs and all the other preneurs you can think of. We love small businesses and their owners and want to help make their tax and accounting as simple as possible. If you have a business, or are thinking of starting one, and the idea of taxes, accounting and bookkeeping have your head spinning or keep you up with cold sweats at night, you are in the right place.

Get a pen and a pad of paper ready because in today's session, Tyler asks CPA Josh Bauerle everything you ever wanted to know about Kickstarter and taxes...but were afraid to ask. A must listen for creators who see their work not just as a hobby, but as a business.

Who are CPA on Fire and how can they help you? Keepin’ it legal. How, when and  *how much* should you be paying yourself? The different arrangements for sole proprietor, LLC and S corp We’re talkin’ taxes- Do you pay, or does the business pay? Get informed about self employment taxes: the 15.3% you *maybe* could save What is considered a ‘reasonable salary’ for an S Corp company member?   Panicked about payroll? How to outsource, and what you should be paying

  What is CPA on Fire, and how can they help you? Dominate your deductions! We’re breakin’ it down The difference between personal and business expenses when deducting What you can and can’t write off- and how to tell the difference Still feeling confused? If you’re an entrepreneur, then you need an accountant!

Who are CPA on Fire and how can they help you? Why you just gotta get a business bank account. Like, now How to ace your accounting with automation, separation and outsourcing How to choose accounting software and organize your schtuff Make books your bitch with these tips

What is CPA on Fire and how can they help you? Help! LLC or S-Corp? We’re breakin’ it down The huge tax savings you need to know about Why isn’t everyone S-Corp? Misinformation and salary obligations Get the right help! We talk pay-roll companies and automation systems

In today's Q&A, we are helping Preston figure out health insurance as an entrepreneur and how it can help him save on taxes. Do you have a question you want answered on our podcast? We would love to help you! Click here to ask your question! [Tweet "Learn what to do with health insurance costs on your taxes with @CPAonFire"] Resources Mentioned in this Episode Today's expert is Josh Bauerle from CPA on Fire Today's question is from Preston from Graphic Design Blender Last time Josh was on Flipped Lifestyle Let's dive into this week's question! JOCELYN: Hey y'all! You're listening to an Expert Q&A with S&J. Today's expert, Josh Bauerle of cpaonfire.com Welcome to the Flipped Lifestyle podcast where life always comes before work. We're your hosts, Shane and Jocelyn Sams. Join us, each week, as we teach you how to flip your lifestyle upside-down, by selling stuff online. Are you ready for something different? All right, let's get started. SHANE: What's going on guys, welcome back to the Flipped Lifestyle Q&A with S&J. We have another Expert Q&A for you guys today; we have an awesome guest on, his name is Josh Bauerle, and he is from cpaonfire.com. Josh, welcome to the program. JOSH: Thank you, glad to be back. SHANE: And you may remember Josh, we had him in a long episode talking about running his online business. His wife was on with him, a great episode, we'll put that on the show notes and today we have him on to answer a tax question because Jocelyn and I are scared to death to answer anything about accounting and taxes. JOCELYN: And for good reason. SHANE: For good reason, okay? So Jocelyn, do you have a question for Josh? JOCELYN: Yes, and it is from Preston, and Preston is from graphicdesignblender.com, and says, “Hey guys, you all are so inspiring. Congratulations on all the success; I have a question for you, one of the biggest fears I have faced from quitting my job is losing our insurance. How did you guys bridge that gap? Also, will buying private health insurance save me anything on taxes? Can I write that off?” SHANE: And this was a huge question that we had too because we were teachers, the State was basically – our jobs were paying for our insurance and we had no clue how this would impact us or the taxes. So josh, why don't you tell Preston a little bit about that and how switching to private insurance can impact what he pays on taxes. JOSH: Absolutely, and you guys have been much better experts at the part about getting private insurance, but I'll go over the tax benefits here. So, this is actually one area that is actually a huge benefit to be an entrepreneur. So typically, if you are going to get private insurance, the only way there can be a tax deduction is to write them off in what they call ‘itemized deductions' and medical expenses are super-hard to take as an itemized deduction. Basically in the simplest terms possible, they are going to reduce it by 10% of your income, and then you can only take the amount over that. So, if you made 100,000 dollars, they would immediately take off 10000 dollars of your insurance costs and then you can only take the amount over top of that. So that's if you are an employee. As an entrepreneur, if you have a business that makes money, you can write off those insurance costs against the revenue in your business, all right? So, let's say that you made the same 100,000 dollars, as an entrepreneur you paid 20,000 dollars in insurance, and now it's gonna look like you made 80,000 dollars instead of 100,000. SHANE: This will save you a fortune really, ain't it? JOSH: It is and one key here to remember though is that's if you made money in your business. So if you are showing a loss in your business, you are not going to be able to write that off. SHANE: Wow, so you can't just start a random business and not make a dime, and actually claim anything for your health insurance stuff. JOSH: Exactly,

In today’s Q&A, we are helping Preston figure out health insurance as an entrepreneur and how it can help him save on taxes. Do you have a question you want answered on our podcast? We would love to help you! Click here to ask your question! Resources Mentioned in this Episode Today’s expert is Josh Bauerle from CPA on Fire Today’s question is from Preston from Graphic Design Blender Last time Josh was on Flipped Lifestyle Do you have a question about online business that you would like to have answered on a future episode of the Q&A with S&J Flipped Lifestyle podcast? If you do, it’s super-easy to submit your question. All you have to do is text the letters ‘QASJ’ to the number 38470 and we will send you a text message back with a link to our website, where you can submit your question. That’s ‘QASJ’ to the number 38470. Send us your text and we will shoot you a link back where you can ask your question and maybe you can be featured on a future episode. If you are outside the United States or near a computer, you can also submit your question over on our website, at Flippedlifestyle.com/qasj.

In this episode, I interview Josh Bauerle, CPA and real estate investor.

Josh Bauerle, CPA's Summary Specialties: Tax preparation, financial planning, tax planning, 401k and IRA rollovers, 401k plans, personal finance, investing.   Show Keywords: Bookkeeping Bookkeeper CPA Tax Firm Managment Accounting  Accountant

Josh Bauerle, CPA's Summary Specialties: Tax preparation, financial planning, tax planning, 401k and IRA rollovers, 401k plans, personal finance, investing.   Show Keywords: Bookkeeping Bookkeeper CPA Tax Firm Managment Accounting  Accountant

Hello & Welcome to another episode of Franchise Euphoria, THE Podcast to help people succeed in franchising.  Today I am thrilled to have on the show, Josh Bauerle.  Josh is a CPA and his firm, JDB Business Solutions, specializes in working with entrepreneurs and small businesses to minimize their exposure to taxes while keeping them in line with the ever-changing tax laws. Key take aways: Understand the difference between an LLC and an SCorp The importance of hiring  an accountant. The right time to contact an accountant. How working with the right accountant can actually save you money. If you enjoyed this episode, I invite you to Rate & Review it at the links below. iTunes: https://itunes.apple.com/us/podcast/franchise-euphoria-helping/id739728748?mt=2 Stitcher:  http://www.stitcher.com/podcast/franchise-euphoria?refid=stpr