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2 episodes with josh belk
2 episodes with josh belk
Welcome back to Belk on Business! I'm Josh Belk, and in this episode, we're continuing our series on the recent legislative updates within the “Big Beautiful Bill.” Today, I'm breaking down two major topics that will impact a wide range of business owners: updates to the Research & Experimentation (R&E) credit, and new thresholds and requirements for issuing 1099 forms.If you're engaged in any kind of product development, software design, or custom business solutions, the R&E credit could unlock meaningful tax savings. And if you're working with contractors or freelancers, the new 1099 rules are essential to stay compliant in 2025 and beyond.3 Key TakeawaysR&E Credit Refined and Expanded: Businesses with under $31M in annual receipts can now fully expense domestic R&D costs in 2025 and 2026—no amortization required.1099 Thresholds Increased: Starting in 2025, the threshold for issuing 1099s (NEC and MISC) increases from $600 to $2,000, reducing compliance headaches for many small businesses.Startups Can Offset Payroll Taxes: Eligible startups may use R&E credits to offset up to $250,000 in payroll tax liability—an excellent benefit for growth-stage companies.Episode Timeline & Highlights[0:00] - Intro to today's focus: R&E credits and 1099 compliance[1:10] - What qualifies as R&E: The four-part test explained[5:20] - Expense vs. amortization rules based on company size[6:03] - Retroactive application for expenses dating back to 2021[7:06] - What qualifies for the credit and what doesn't[8:27] - How R&E credits can be used against payroll taxes[9:13] - New 1099 thresholds and what's changed[10:17] - Why collecting a W-9 is critical before paying contractors[11:02] - 1099-K rules for online sales and merchant accountsLinks & ResourcesIRS R&E (R&D) Credit Details: https://www.irs.gov/credits-deductions/individuals/research-creditForm W-9 (Request for Taxpayer Identification): https://www.irs.gov/forms-pubs/about-form-w-91099 Filing Guide: https://www.irs.gov/forms-pubs/about-form-1099-necIf this episode helped clarify these tax changes for you, be sure to follow, rate, and review Belk on Business. And don't forget to share it with another business owner or financial leader in your network. Stay sharp and compliant—until next time!
Welcome back to Belk on Business! I'm Josh Belk, and today I'm diving into another round of tax law updates from the recently passed “big beautiful bill.” This episode is all about understanding how some of the most impactful elements—like the tax bracket changes, SALT deduction cap, and Qualified Business Income (QBI) deduction—will affect you and your business.If you're a business owner, high-income earner, or just someone wanting to maximize your tax savings, this episode walks you through the practical implications of these changes and what steps you should consider before year-end to stay ahead.3 Key TakeawaysLower Tax Brackets Are Now Permanent: All tax brackets—except the top one—have been permanently reduced, benefitting low- and middle-income earners the most.SALT Deduction Cap Increased Temporarily: From 2025 to 2028, the state and local tax deduction cap jumps to $40,000 for taxpayers earning under $500K.QBI Deduction Rules Refined: While the 20% QBI deduction remains, income thresholds and business classifications (like specified service trades) still limit eligibility, especially for high earners.Episode Timeline & Highlights[0:00] - Intro and recap of the ongoing breakdown of the new bill[1:04] - Overview of the bill's timeline and political context[1:40] - Permanent tax bracket changes and who benefits[2:50] - The SALT deduction cap increased—but with income limits[4:38] - Why you may need to rethink pass-through entity tax planning[5:16] - Understanding the QBI deduction and specified trade/service business limitations[7:07] - Income thresholds and complex calculation rules for high earners[7:58] - Case example: strategic entity structuring to retain QBI eligibilityLinks & ResourcesIRS Tax Bracket Information: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2025SALT Deduction Overview: https://www.taxpolicycenter.org/briefing-book/what-salt-deductionQBI Deduction (Section 199A) Guidelines: https://www.irs.gov/newsroom/section-199a-qualified-business-income-deductionIf this episode gave you clarity or sparked a few questions, be sure to rate, follow, and review Belk on Business. And don't forget to share it with a friend or colleague who could benefit from these updates. See you in the next one!
Welcome back to Belk on Business! I'm Josh Belk, and today we're picking up where we left off with our ongoing series diving into the latest legislative updates that impact your financial strategy and tax planning. If you're a real estate professional, investor, or business owner, this episode is packed with insights you won't want to miss.In this conversation, I unpack key updates around bonus depreciation, Section 179 expensing, and important changes to opportunity zones and interest expense deductions. From cost segregation strategies to navigating new OZ rules, this episode provides the clarity you need to make informed moves in the coming years.3 Key Takeaways100% Bonus Depreciation Is Back—and Permanent: Starting in 2025, qualifying 15-year property and equipment can again be fully depreciated in the year it's placed in service, a big win for real estate pros and business owners.Section 179 Expansion: The deduction cap has increased to $2.5M, and now includes items like HVAC systems, fire protection, and roofs—if you're in an active trade or business.Opportunity Zones Require New Strategy: The OZ program has undergone major changes—new eligibility, stricter reporting, and capital gains-only funding mean it's more complex but still potentially powerful.Episode Timeline & Highlights[0:00] - Introduction[0:35] - Recap of last week's episode and transition to today's topics[1:08] - Why depreciation matters for real estate professionals and business owners[2:20] - How the 2025 bonus depreciation changes could benefit your portfolio[3:09] - Real-life example of using a cost segregation study for maximum write-offs[4:17] - Expensing new factory and plant builds—and what qualifies[5:18] - Section 179 updates: new thresholds and expanded eligibility[6:21] - Passive investors vs. active business owners: who gets to claim what[7:27] - Why you need to talk to your CPA before diving into opportunity zones[9:14] - Update on interest expense deduction changes under section 163(j)Links & ResourcesIRS Section 179 Overview: https://www.irs.gov/publications/p946Cost Segregation Guide: https://www.costsegregationinitiatives.comOpportunity Zones Overview: https://opportunityzones.hud.govIf you found this episode helpful, don't forget to rate, follow, and review Belk on Business. And be sure to share it with your fellow real estate pros or business owners who want to grow smarter with tax strategy. See you next time!
Welcome back to Belk on Business! I'm Josh Belk, and I'm excited to get back behind the mic with you. In this episode, we kick off a new series exploring the impactful legislation passed earlier this month. Over the coming weeks, we'll break down how it could affect your business, your wallet, and your financial strategies.Today, we dive into three of the campaign promises that made it into the bill—focusing specifically on no tax on tips, deductibility of car loan interest, and the new provisions around no tax on Social Security. If you're a business owner, self-employed, nearing retirement, or just curious about how these changes could affect your bottom line, you won't want to miss this one.3 Key TakeawaysNot all tipped income is tax-free: Only certain occupations listed by the IRS (to be announced) will qualify for the tip income deduction—up to $25,000 for those under specific income thresholds.Car loan interest deduction comes with conditions: Only new, personal-use vehicles manufactured in the U.S. qualify for the $10,000 deduction—use a VIN decoder to verify eligibility.Social Security tax relief is limited: Individuals 65+ may deduct up to $6,000 of Social Security income, but standard state and income-level rules still apply.Episode Timeline & Highlights[0:00] - Kicking off a new podcast series and what's coming in the next few weeks[1:02] - Overview of today's focus: no tax on tips, car loan interest deductions, and no tax on Social Security[2:16] - Breaking down the “No Tax on Tips” deduction and who qualifies[4:45] - Income limits and specific exclusions explained[6:28] - Car loan interest deduction—what qualifies and how to verify your vehicle[8:54] - New vs. used vehicle rules, commercial use exceptions, and documentation requirements[9:41] - No tax on Social Security: who qualifies and how deductions apply[10:51] - Why you still need to file in certain states—even with federal changesLinks & ResourcesIRS Occupation List for Tip Deductions (coming October)VIN Decoder for Vehicle Eligibility: https://vpic.nhtsa.dot.gov/decoder/IRS 199A Guidance: https://www.irs.gov/newsroom/section-199a-qualified-business-income-deductionIf this episode helped clear things up or sparked new questions, make sure to follow, rate, and review the podcast. And don't forget to share it with a fellow business owner or friend who could benefit from these updates. Until next time—here's to growing smarter!
#493 What started with a garden hose and a vacuum is now a thriving $400K+ detailing business! In this episode, host Brien Gearin chats with Josh Belk, founder of Belk Detailing in Springfield, Missouri. Josh shares how he went from reselling sneakers to building a full-service car detailing company with a growing team, strong brand, and daily inbound leads. You'll hear how he uses Google, Facebook, and social media to drive sales, why great communication trumps fancy equipment, and how he's built a reputation that keeps customers coming back. If you're thinking about starting or scaling a service-based business, this episode is full of honest insights and practical advice you can use right away! What we discuss with Josh: + From reselling sneakers to detailing + Starting with $30 car details + Growing to $400K+ in annual revenue + Importance of customer service over products + Transitioning from mobile to a shop + Marketing through Google, SEO, and social media + Daily posting and VA support + Building a lean, effective team + Why answering the phone matters + Sales mindset: qualify, don't push Thank you, Josh! Check out Belk Detailing at BelkMobileDetailing.com. Follow Josh on Facebook, YouTube, and Instagram (here and here). Watch the video podcast of this episode! To get access to our FREE Business Training course go to MillionaireUniversity.com/training. And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices
Josh Belk is a full-time college student, he works full-time in web design, and in what little spare time, he's started a $6,000 a month mobile detailing business with his younger brother. This idea came about when Josh connected the dots between obsession and opportunity. On the obsession side, Josh would always see his brother out in the driveway cleaning his car. On the opportunity side, he received an email about business ideas anyone could start, and mobile car washing was one of them. He asked his brother if he wanted to team up to see if they could make some money cleaning cars — and with that, Belk Mobile Detailing was born. Tune in to hear the full podcast episode to hear how the pair: landed their first mobile detailing customers price their service stand out from the competition Full Show Notes: Zero to $6k a Month With a Mobile Detailing Business New to the Show? Get your personalized money-making playlist here! Sponsors: Mint Mobile — Cut your wireless bill to $15 a month! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! OpenPhone — Get 20% off of your first 6 months! Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!
Achieve Wealth Through Value Add Real Estate Investing Podcast
Join us in this insightful webinar hosted by Josh Belk, a trailblazer in financial consulting, and James Kandasamy, a seasoned real estate investment expert. Dive into the complexities of year-end tax planning for 2023-24, and uncover the silent wealth killers lurking in common tax errors. Gain unparalleled insights into optimizing tax strategies, reducing liabilities, and steering clear of costly mistakes. This session is an unmissable opportunity for every real estate investor aiming to fortify their financial position in the rapidly evolving tax landscape. Don't miss out on these expert strategies to protect and grow your investments. Follow us on Instagram: https://www.instagram.com/jameskandasamy/ Linkedin: https://www.linkedin.com/in/jameskandasamy/ Twitter: https://twitter.com/JamesKandasamy Facebook: https://www.facebook.com/jameskandasamy/ Youtube: https://www.youtube.com/@JamesKandasamy2023
Are you ready to learn from a young, successful entrepreneur who has taken the vehicle cleaning industry by storm? If so, you won't want to miss this episode of The Growth Circle Podcast featuring Josh Belk. At just 23 years old, Josh has already achieved a level of success that many entrepreneurs only dream of. After graduating from Missouri State, he founded Belk Mobile Detailing, which has quickly become the leading vehicle cleaning business in Springfield, Missouri. So, how did Josh do it? According to him, it's all about hard work, taking calculated risks, and building systems to run a successful business. In this episode, Josh shares his insights on what it takes to build a successful business from the ground up. One of the key takeaways from the episode is the importance of building systems to streamline your business operations. Josh explains how he developed a system for his mobile detailing business that allows him to efficiently manage his team and provide high-quality service to his customers. Whether you're an aspiring entrepreneur or a seasoned business owner, you won't want to miss this episode. Josh's insights and advice, shared with Lincoln, are sure to inspire and motivate you on your own entrepreneurial journey. So, tune in to The Growth Circle Podcast now and get ready to take your business to the next level! What You'll Learn: How did Josh develop the systems and processes that helped him run his business efficiently? What advice does Josh have for aspiring entrepreneurs? How did Josh build a strong team to support his business growth? Why did Josh Belk choose to focus on vehicle cleaning, and what sets his business apart? And much more! Favorite Quote: "Effective communication is critical for success." Josh Belk How To Connect: To connect with Josh Belk and learn more about his mobile detailing business, you can visit the company's website, Facebook, and Instagram. These platforms provide information on services, pricing, and contact details, as well as photos, videos, and customer reviews. By engaging with Belk Mobile Detailing on social media and visiting the website, you can connect with Josh and his team and get a better sense of the quality of service provided. Links are below: https://www.belkmobiledetailing.com/ https://www.facebook.com/belkmobiledetailing https://www.instagram.com/belkmobiledetailing --------------------------------------------------------------------------------------------------------------------------- If you would like to know more about The Growth Circle podcast, click the below links: The Growth Circle Facebook Page: https://www.facebook.com/thegrowthcirclepodcast The Growth Circle Podcast: https://podcasts.apple.com/us/podcast/12-steps-to-achieve-any-goal/id1547508256?i=1000595896007 Connect with Lincoln Amstutz: Website: https://homelinkprop.com/ LinkedIn profile: https://www.linkedin.com/in/lincoln-amstutz-597205219/?trk=public_profile_browsemap Instagram page: https://www.instagram.com/lincolnamstutz/?hl=en Facebook: https://www.facebook.com/HomeLinkP --- Support this podcast: https://podcasters.spotify.com/pod/show/thegrowthcircle/support
Welcome to the Next Level American Dream Podcast. We have an educational guest for you today, but first please make sure you have subscribed, if you haven't already. We also love getting your feedback through likes, comments, ratings, and reviews. Today, Sean has a conversation with Josh Belk. Josh is the owner of a holistic accounting firm that works to give its clients the best strategies possible for their financial goals. He talks with us about the benefits and impacts of cost segregation, accelerated depreciation, and IRAs. If you found any value from today's episode, then please share it with a friend and help us grow. For more information on our sponsor, visit: thomsonmultifamilygroup.com to start taking your American Dream to the next level through passive investing! How to Contact Josh Belk: www.lodestar.tax
Passive Income, Active Wealth - Hard Money for Real Estate Investing
Join us LIVE on Thursday, February 3rd at 12:00 PM Eastern as the Carolina Capital Management team is joined by Josh Belk of Lodestar Tax and Consulting. Josh Belk and his firm, Lodestar Tax and Consulting have been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. In addition to helping businesses and business owners reach their financial goals, Josh also helps to educate them in the complex matters of the business world which at times can be tedious for a business owner. Timestamps: 0:01 - Introduction: Taxes and Real Estate 1:02 - https://www.CarolinaHardMoney.com 1:21 - Wednesday with Wendy: https://calendly.com/wendysweet/wedne... 2:04 - Cash Flow Expo: https://bit.ly/CashFlowExpo 4:08 - Today's guest: Josh Belk 7:00 - Do you need a fractional CFO in your business? 8:39 - Do you focus on a certain niche of businesses? 10:25 - New tax strategies business owners need to know 14:03 - Effect of Labor & Materials In Your Business 22:01 - How to move from being a small business to becoming a company? 27:25 - Get Connected with Josh Belk: https://www.Lodestar.Tax Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management. Listen to our Podcast: https://thealternativeinvestor.libsyn... Visit our website: https://carolinahardmoney.com YouTube Channel: https://www.youtube.com/channel/UCYzC... Facebook: https://www.facebook.com/CarolinaHard... https://youtu.be/UOVOtpccCbc
He is a senior at Missouri State University graduating in May, The owner of Belk Detailing, founder of the Student Hustles podcast, and future financial representative for Synergy Wealth Solutions.
He is a senior at Missouri State University graduating in May, The owner of Belk Detailing, founder of the Student Hustles podcast, and future financial representative for Synergy Wealth Solutions.
Josh Belk is a full-time college student, he works full-time in web design, and in what little spare time, he’s started a $6,000 a month mobile detailing business with his younger brother. This idea came about when Josh connected the dots between obsession and opportunity. On the obsession side, Josh would always see his brother out in the driveway cleaning his car. On the opportunity side, he received an email about business ideas anyone could start, and mobile car washing was one of them. He asked his brother if he wanted to team up to see if they could make some money cleaning cars -- and with that, Belk Mobile Detailing was born. Tune in to hear to the full podcast episode to hear how the pair: landed their first mobile detailing customers price their service stand out from the competition Full show notes
What is the main reason and purpose of everything you do in life? is it to make more money? buy a newer car or to get a bigger house?. With Episode #10 with my dear friend Josh Belk from Lodestar Tax and Consulting, we set down and staring asking questions as business owners, and how we utilize our core values to perform and work with excellence in the market place representing the Kingdom of God.
On today's episode we are joined by Josh Belk. Josh has been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. He often teaches and educates business owners and entrepreneurs on valuable information to help them remain compliant and scale their businesses. We are excited to share his vast knowledge of taxes, and how you can benefit from certain codes. He can be easily found on Facebook and LinkedIn and he also has his own podcast, Belk on Business. https://belkassociatesllc.com
Listen to Tom Olson, Josh Belk and Damon Riehl answer questions about the Economic Stimulus Package.
Lynn Swann is on the way out after three years as USC's athletics director. We break down the movement in the latest AP Top 25 and catch you up on the latest injury news. Plus, former five-star defensive tackle Josh Belk levies a serious allegation against South Carolina. And LSU and Texas argue about air conditioning. Learn more about your ad choices. Visit megaphone.fm/adchoices
For this episode, I sat down with my rockstar CPA, Josh Belk. He shares with us the importance of living an abundant life, not only personally and financially, but also spiritually! We hope you enjoy this one!
In this episode, Keliko interviews Josh Belk who is the owner of Belk & Associates LLC which is a offers tax, business, and financial consulting. Josh is located in the Chicagoland area and he is apart of the Good Success Mastermind for elite real estate investors. Josh shares his story and thoughts on mindset towards business today! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/thete5life/support
The topic of a "Fractional CFO" has been tossed around quiet a big in the business world, but very few people know what it is and how it can benefit their business. We bring on Good Success Mastermind Member and accountant extraordinaire, Josh Belk to give us insight on what a Fractional CFO can do!
Opportunity Zone's are a hot topic and Investors should pay attention. We discuss why they were created and how investors can take advantage of them. You need an accountant on your team that knows real estate and Belk and Associates is a great place to start.
We're back with another jam packed episode of The Spurs Up Show. Chris breaks down South Carolina basketball getting two huge wins, including beating Ole Miss to secure the #4 spot in the SEC standings. Also, Chris breaks down Gamecocks baseball opening weekend, stealing a big midweek win and what it means for the team moving forward. Also discuss some football news and notes including Josh Belk quitting football, Evan Hinson quitting basketball, Jake Bentley's status as starting quarterback and more. Finally, former Gamecock and current Buffalo Bills fullback Pat Dimarco joins the show (45:10-99:00) to talk about his career at USC, playing for Steve Spurrier, life in the NFL, Super Bowl LI, adjusting to Buffalo and more. Support the show ( https://www.patreon.com/thespursupshow ) Support this podcast at — https://redcircle.com/the-spurs-up-show/donations Advertising Inquiries: https://redcircle.com/brands
SEC Mike Bratton and his cousin Shane discuss Papa John cursing Kentucky after betraying Louisville; Wildcats lose for the first time in 10 games (1:30), Todd Grantham staying at Florida; gets raise and an extension (3:30), Matt House ends up leaving Kentucky after all (6:30), Mark Stoops on the challenge of maintaining Kentucky’s success (9:30), Barry Odom pissed off at Jeremy Pruitt for trying to poach his seniors (14:00), Mizzou chairman gives the worst pep talk ever (20:30), Ole Miss forced to vacate 33 wins from 2010 to 2014 (22:00), Josh Belk walking away from South Carolina football team (25:00), Jeffery Simmons tears his ACL; should elite prospects even train for the draft? (28:00), Vanderbilts promote QB coach Gerry Gdowski to OC, hire Tim Horton (former Auburn RB coach), Devin Fitzsimmons from the Lions and Nick Eason, former Titans DL coach (31:30), SEC Network losing key sponsorship deal as Pilot pulls its sponsorship money from ESPN (34:30), ESPN Football Power Index rankings (37:15), Mike’s All-SEC breakout team (40:00), SEC Media Days Schedule (51:00), Shane apologizes to Chad Morris (55:30)
Josh Belk made the decision to step away from football, while Evan Hinson is leaving the basketball program to double down on football. PLUS a quick look ahead to some 2020 visitors this weekend.
Josh Belk made the decision to step away from football, while Evan Hinson is leaving the basketball program to double down on football. PLUS a quick look ahead to some 2020 visitors this weekend.
We discuss the Josh Belk situation (2:36) and would you trade football titles for basketball titles (51:34)?
We discuss the Josh Belk situation (2:36) and would you trade football titles for basketball titles (51:34)?
Opportunity Zones are a hot topic in the real estate investing community, but no one is officially an expert on this topic. Josh Belk comes in to have a great conversation with Tom and Josh about the potential strategies for opportunity zones and how you can possibly capitalize on them. We also have some great end of the year tax information for businesses in this episode! Take notes!
This is an uncut presentation from the May 2018 Good Success Mastermind, presented by Josh Belk of Belk & Associates. Josh talked to the group about how fear can creep into our lives and how to overcome that fear.
Freshman defensive tackle Josh Belk was granted his full release from Clemson.
Freshman defensive tackle Josh Belk was granted his full release from Clemson.
This new Tax Cuts and Jobs Act has taken America by storm this week, raising a plethora of questions. Our accountant and mastermind member, Josh Belk of Belk & Associates gives us a brief overview of everything going down with the new change.
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