Podcasts about personal expenses

In this episode, we dive deep into the financial side of running a business, translating the complexities into enjoyable, understandable concepts. Using engaging analogies, I shed light on IRS audits and the nuances of handling personal expenses through your business. We explore the risks associated with aggressive tax strategies, the importance of knowing your risk tolerance, and how strategic planning can help save taxes. Plus, I share practical tips to keep your business and personal expenses separate for better financial clarity. Tune in to learn how to manage your finances smartly and grow your wealth.   What you'll hear in this episode: [0:50] Understanding IRS Audits: The Speeding Analogy [2:15] Advice on Personal Expenses and Business [4:50] Risks of Aggressive Tax Strategies [9:25] Practical Tax Planning Tips [11:30] Separating Business and Personal Expenses   If you like this episode, check out: You Are Overthinking Tax Strategies How We Handle Personal Expenses in a Business What Entrepreneurs Need to Know About Tax Deductions   Want to learn more so you can earn more?  Visit keepwhatyouearn.com to dive deeper on our episodes  Visit keepwhatyouearncfo.com to work with Shannon and her team  Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ  Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

⚖️ What If Your Ex Is Using Child Support for Personal Expenses? | Los Angeles Divorce

⚖️ What If Your Ex Is Using Child Support for Personal Expenses? | Los Angeles Divorce ⚖️ Ex Misusing Child Support? Here's What You Can Do! If you suspect your ex is using child support for personal expenses instead of your child's needs, you may be wondering what legal options you have. Child support laws don't require detailed spending reports, but if your child's essentials are being neglected, you may be able to take action. In this video, I'll explain what you can do if child support isn't being used properly.

Today I discuss the common issue of commingling personal and business expenses, a practice that many entrepreneurs unintentionally fall into. While it's understandable to make occasional mistakes, it's vital to know how to handle these situations to avoid significant repercussions like audits. I'll share key pointers on why recurring personal expenses should never go through your business account and how to better manage your personal finances. Additionally, I'll explain why it's smarter to increase your salary or distributions rather than mix expenses, and how frequent usage of your business card for personal transactions can cost you more in bookkeeping fees without offering any tax benefits. Tune in to learn strategies for maintaining a clear distinction between your personal and business finances, making informed decisions, and knowing when and how to take aggressive tax positions responsibly.   What You'll hear in this episode: [0:50] The Reality of Commingling Personal and Business Expenses [1:25] Key Points on Handling Personal Expenses in Business [5:25] Mindset Differences and Financial Awareness [6:55] The Cost of Commingling and Aggressive Tax Positions   If you like this episode, check out: What Actually Happens If I Commingle Business and Personal Finances? How Can Three Simple Steps Ease Tax Season Anxiety? What Qualifies as a Deduction   Want to learn more so you can earn more?  Visit keepwhatyouearn.com to dive deeper on our episodes  Visit keepwhatyouearncfo.com to work with Shannon and her team  Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ  Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Ryan Pineda joins Jake and Gino for a deep dive into real estate investing, social media growth, and building wealth while balancing faith, family, and health.From flipping couches to flipping houses, wholesaling, and owning over $100 million in real estate, Ryan shares his entrepreneurial journey, financial mindset, and business strategies that helped him scale multiple companies while staying grounded in his "Wealthy Way" philosophy.Key Topics Covered in This Episode:How Ryan went from minor league baseball to real estateThe transition from real estate agent to real estate investorThe power of social media for scaling a businessHow to structure your life for long-term successThe role of faith in business and financial freedomAvoiding common financial mistakes entrepreneurs makeFollow Ryan PinedaYouTube: https://www.youtube.com/c/RyanPinedaInstagram: https://www.instagram.com/ryanpinedaWebsite: https://www.ryanpineda.comSubscribe for more interviews on real estate, investing, and entrepreneurship. Chapters:00:00 - Introduction  04:32 - Balancing Family, Faith, and Business  08:18 - Ryan's Relationship with Money: Lessons from Scarcity to Abundance  11:04 - The Role of Faith in Financial Success  20:47 - The Evolution of Entrepreneurship  23:57 - How to Start in Business: Avoiding Procrastination and Taking Action  26:55 - Chapter: Understanding Business vs. Personal Expenses  27:35 - Personal vs. Business Expenses: Smart Spending and Investments  33:09 - Chapter: The Impact of Macro and Micro Environments  38:32 - Gino Wraps it Up   We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

An investigation has revealed former Mayor Amanda McDougall had to pay back nearly 17 thousand dollars in personal expenses she racked up on a CBRM credit card while in office.

Have you ever found yourself using your personal credit card for business expenses? Or maybe you've accidentally paid for a personal expense from your business account? Trust us, you're not alone! In this episode, host and CEO of Kickstart Accounting, Inc., Danielle Hayden, breaks down why it's crucial to keep your business and personal finances separate and the steps you can take to make sure it's all sorted (even if things have gotten a little mixed up already). Danielle dives into the often-overlooked consequences of commingling funds, which can impact your legal protections, make bookkeeping messy, and even increase your risk of an IRS audit. But don't worry! We're here to help you understand the risks and, most importantly, what to do if you've already blurred those lines a bit with practical steps you can implement now.  Key Takeaways:  Legal & Financial Protection: Danielle explains how mixing funds can “pierce the corporate veil,” leaving personal assets exposed in case of legal claims. Keeping accounts separate ensures you maintain your business's legal integrity. Impact on Business Health: When you blend personal and business expenses, it becomes nearly impossible to get a true read on your financial health. Separating expenses helps you pinpoint what's working in your business, what isn't, and whether cash flow issues are related to personal or business spending. IRS Risks & Tax Deductions: Discover why commingling could increase your chances of an audit and how clean financial records can help you maximize deductions and minimize stress. Action Steps if You've Already Commingled: Danielle walks through actionable steps to sort it all out, from categorizing personal expenses as owner's draws to creating an accountable reimbursement plan. Regularly Reviewing Credit Cards: Thinking about rewards? Danielle shares why it's worth finding a business card with perks you love, so you won't feel tempted to use your personal card. Get Help When You Need It: If managing finances alone feels overwhelming, Danielle invites you to connect with her team at Kickstart Accounting for reliable, ongoing support to keep your finances in check. Topics Discussed:  Examples and Risks of Commingling (00:00:28 - 00:02:20) Impact on Business Health (00:02:46 - 00:04:03) Cash Flow and Commingling (00:04:03 - 00:05:01) Challenges in Tax Deductions and IRS Risks (00:05:01 - 00:06:25) What to Do if You Have Already Commingled (00:06:25 - 00:07:34) Action Steps for Business Owners (00:08:04 - 00:11:12) Wrap-Up – Importance of Recording All Business Expenses Properly (00:11:12 - 00:12:03)   Resources:  Free Guides | https://kickstartaccountinginc.com/gift/  How to Pay Yourself as a Business Owner 6 Tax Tips Every Business Owner Should Know    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

Have you ever found yourself using your personal credit card for business expenses? Or maybe you've accidentally paid for a personal expense from your business account? Trust us, you're not alone! In this episode, host and CEO of Kickstart Accounting, Inc., Danielle Hayden, breaks down why it's crucial to keep your business and personal finances separate and the steps you can take to make sure it's all sorted (even if things have gotten a little mixed up already). Danielle dives into the often-overlooked consequences of commingling funds, which can impact your legal protections, make bookkeeping messy, and even increase your risk of an IRS audit. But don't worry! We're here to help you understand the risks and, most importantly, what to do if you've already blurred those lines a bit with practical steps you can implement now.  Key Takeaways:  Legal & Financial Protection: Danielle explains how mixing funds can “pierce the corporate veil,” leaving personal assets exposed in case of legal claims. Keeping accounts separate ensures you maintain your business's legal integrity. Impact on Business Health: When you blend personal and business expenses, it becomes nearly impossible to get a true read on your financial health. Separating expenses helps you pinpoint what's working in your business, what isn't, and whether cash flow issues are related to personal or business spending. IRS Risks & Tax Deductions: Discover why commingling could increase your chances of an audit and how clean financial records can help you maximize deductions and minimize stress. Action Steps if You've Already Commingled: Danielle walks through actionable steps to sort it all out, from categorizing personal expenses as owner's draws to creating an accountable reimbursement plan. Regularly Reviewing Credit Cards: Thinking about rewards? Danielle shares why it's worth finding a business card with perks you love, so you won't feel tempted to use your personal card. Get Help When You Need It: If managing finances alone feels overwhelming, Danielle invites you to connect with her team at Kickstart Accounting for reliable, ongoing support to keep your finances in check. Topics Discussed:  Examples and Risks of Commingling (00:00:28 - 00:02:20) Impact on Business Health (00:02:46 - 00:04:03) Cash Flow and Commingling (00:04:03 - 00:05:01) Challenges in Tax Deductions and IRS Risks (00:05:01 - 00:06:25) What to Do if You Have Already Commingled (00:06:25 - 00:07:34) Action Steps for Business Owners (00:08:04 - 00:11:12) Wrap-Up – Importance of Recording All Business Expenses Properly (00:11:12 - 00:12:03)   Resources:  Free Guides | https://kickstartaccountinginc.com/gift/  How to Pay Yourself as a Business Owner 6 Tax Tips Every Business Owner Should Know    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

#200: Take control of your taxes and save money with unique strategies from tax expert Jasmine DiLucci. Learn how to leverage IRS transcripts, identify misleading tax advice, and differentiate between personal and business deductions. We also cover common audit triggers and valuable tax planning advice for business owners. Jasmine DiLucci is a seasoned tax attorney, Certified Public Accountant, and Enrolled Agent with over a decade of experience. She specializes in tax controversy, litigation, IRS collections, payroll debt disputes, penalty abatements, and audit representation. Link to Full Show Notes: https://chrishutchins.com/tax-savings-2024-jasmine-dilucci Partner Deals Cultural Care: Get $250 off the most reliable and trustworthy au pairs 1Password: Free 2-week trial of my favorite password manager Mint Mobile: $15/mo for unlimited wireless on the nation's largest 5G network NetSuite: Free KPI checklist to upgrade your business performance Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Jasmine DiLucci: YouTube | Website Request IRS Transcripts Donor-Advised Fund: Daffy (Free $25 for charity) ATH Podcast: Chris' Newsletter: Subscribe Ep #50: The Power (and Tax Savings) of Charitable Giving with Adam Nash Ep #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth with Patrick and Mani Ep #147: How to Save on Taxes with Ankur Nagpal Full Show Notes (00:00) Introduction (02:09) Why There's So Much Bad Tax Advice (05:17) Debating for Business Expenses vs. Personal Expenses (07:36) Can You Hire Your Kids to Work for You? (10:31) Ways to Identify Good and Bad Tax Advice Online (14:07) What Actually Happens When You Get Audited by the IRS (20:13) Do Credit Card Transactions Justify Receipts? (21:32) Common Things That Would Flag Audits (24:13) The Importance of IRS Transcripts (28:55) What Happens When the IRS Delays a Payment (30:33) Jasmine's Advice to Minimize Tax Penalties (32:36) What Kind of Tax Documents Can Have Errors? (34:44) Filing Using Tax Tool vs. Tax Expert (38:55) Chris' EOY Tax Checklist (43:41) Business Tax: Setting Up S Corps vs. LLCs (45:07) Changes to Expect in the Near Future (49:30) Where to Find Jasmine Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, John and Jack discuss the merits of buying versus building a business from their new studios. They emphasize the importance of reinvesting in the business rather than prioritizing personal expenses, and how such decisions impact growth and stability. They also explore the differing skill sets required for each approach and examine the concept of 'personal drag,' illustrating how personal lifestyle demands can affect business growth and strategy.Episode Hosts:John Wilson: @WilsonCompaniesJack Carr: @thehvacjack Special thanks to our sponsor: Service Scalers: Looking to scale your home service business? Service Scalers is a digital marketing agency that drives success in PPC and LSA. Discover more growth strategies by visiting Service Scalers.Check out Owned and Operated Weekly Insights: a newsletter where John discusses topics ranging from recruiting and marketing to the growth of your home service business.  Subscribe to the newsletter here.Contact us:Youtube: @OwnedandOperatedPodcastX: @ownedoperatedcowww.ownedandoperated.cominfo@ownedandoperated.com

Danielle Hayden continues our series on tax deductions by diving deeper into accountable plans: a tax strategy that enables business owners to efficiently manage reimbursements of personal expenses with a business purpose. She addresses the importance of separating personal expenses from business expenses before going over the guidelines and limitations of accountable plans. This episode is a step-by-step guide on creating an accountable plan and implementing this strategy within your business framework. Tune in now to learn how to leverage the accountable plan tax strategy and increase profitability in your business!   Key Takeaways: An accountable plan is a tax strategy that outlines a reimbursement process for personal expenses with a business purpose, while also decreasing net income and results in a lower tax liability. Only S Corps qualify for reimbursements through an accountable plan, while LLCs and sole-proprietors must take tax deductions. Business owners should pay themselves a reasonable salary through payroll and avoid taking draws from the business, only reimbursing themselves with the accountable plan. Qualifying business expenses include vehicle, home office, cell phone and more. Accurate tracking and proper documentation is essential for adherence to IRS guidelines.   Topics Discussed: Accountable plans: A tax strategy (1:00) The importance of separating business and personal expenses (1:30) Determining eligibility for the accountable plan strategy (2:10) Steps to implement the accountable plan strategy (4:25) The benefits of the accountable plan for businesses (4:57) Requirements of an accountable plan (5:55) The reimbursement process in the accountable plan (6:22) Qualifying expenses in an accountable plan (8:35)   Listen to Don't Jeopardize Your Business! Why Not Co-Mingle Business & Personal Finances – Ep 143: https://kickstartaccountinginc.com/dont-jeopardize-your-business-why-not-co-mingle-business-personal-finances/   Listen to Leveraging Home Office Tax Deductions for Entrepreneurs – Ep 155: https://kickstartaccountinginc.com/entrepreneur-money-stories-ep-155/   Listen to Tax Deductions: How to Maximize Vehicle Deductions in Your Business – Ep 159: https://kickstartaccountinginc.com/tax-deductions-how-to-maximize-vehicle-deductions-in-your-business-ep-159/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Danielle Hayden continues our series on tax deductions by diving deeper into accountable plans: a tax strategy that enables business owners to efficiently manage reimbursements of personal expenses with a business purpose. She addresses the importance of separating personal expenses from business expenses before going over the guidelines and limitations of accountable plans. This episode is a step-by-step guide on creating an accountable plan and implementing this strategy within your business framework. Tune in now to learn how to leverage the accountable plan tax strategy and increase profitability in your business!   Key Takeaways: An accountable plan is a tax strategy that outlines a reimbursement process for personal expenses with a business purpose, while also decreasing net income and results in a lower tax liability. Only S Corps qualify for reimbursements through an accountable plan, while LLCs and sole-proprietors must take tax deductions. Business owners should pay themselves a reasonable salary through payroll and avoid taking draws from the business, only reimbursing themselves with the accountable plan. Qualifying business expenses include vehicle, home office, cell phone and more. Accurate tracking and proper documentation is essential for adherence to IRS guidelines.   Topics Discussed: Accountable plans: A tax strategy (1:00) The importance of separating business and personal expenses (1:30) Determining eligibility for the accountable plan strategy (2:10) Steps to implement the accountable plan strategy (4:25) The benefits of the accountable plan for businesses (4:57) Requirements of an accountable plan (5:55) The reimbursement process in the accountable plan (6:22) Qualifying expenses in an accountable plan (8:35)   Listen to Don't Jeopardize Your Business! Why Not Co-Mingle Business & Personal Finances – Ep 143: https://kickstartaccountinginc.com/dont-jeopardize-your-business-why-not-co-mingle-business-personal-finances/   Listen to Leveraging Home Office Tax Deductions for Entrepreneurs – Ep 155: https://kickstartaccountinginc.com/entrepreneur-money-stories-ep-155/   Listen to Tax Deductions: How to Maximize Vehicle Deductions in Your Business – Ep 159: https://kickstartaccountinginc.com/tax-deductions-how-to-maximize-vehicle-deductions-in-your-business-ep-159/   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc

Ever found yourself exhausted from transforming your home into your dream office space, only to wonder who pays the bill? In this episode, CEO Danielle Hayden unveils the secrets to maximizing your deductions this tax season with a deep dive into the often-overlooked realm of home office deductions. Explore how your home office can become a tax strategy, the requirements for it to become a business expense, and the different models you can use for tax deductions. Don't let your hard-earned money slip away – don't miss out on this full guide to make your home office work for your business! Key Takeaways: Home-Office Deductions Basics: Learn how having a home office can be a valuable tax strategy for business owners. Deductions Requirements: Understand the requirements needed for your home office to be determined as a business expense.  Explore the different deduction models for S-Corps and LLCs based on your business and personal preferences such as the Flat Rate and the Percentage Method Models. Learn the importance of having organized documentation, and submitting monthly or quarterly business expenses.    Discover Your Money Mindset Personality Type: kickstartaccountinginc.com/quiz   Topics Discussed:  Intro (0:00) Client Example: Freshly Painted Office but Who'll Pay for it? (1:16) What is Home Office Deduction (3:13) First Step: Ask Yourself These Questions! (3:55) Conversation with Kelsey Chester on Writing Off Your Home Office (4:18) Second Step: Determine Your Entity Type (5:15)  Mindset Mastery Framework (6:03) Accountable Plan: Reimbursement and Documentation (7:06) What Does the IRS Say? (9:01) What Home Office Expenses Are Tax-Deductible? (9:54) Scorps Have 2 Options (10:57) LLCs Have 2 Methods: Flat-Rate Method and Percentage Method (11:11) Last Step in the Framework: Discuss with your CPA (12:42) Document: Get Ready for Tax Season (13:11) Don't Co-mingle Business and Personal Expenses (13:54) Don't Leave Money on the Table (14:51)   Other Episodes Mentioned: Ep 143 - Don't Jeopardize Your Business! Why Not Co-mingle Business & Personal Finances For help with your home office deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.:   Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

Ever found yourself exhausted from transforming your home into your dream office space, only to wonder who pays the bill? In this episode, CEO Danielle Hayden unveils the secrets to maximizing your deductions this tax season with a deep dive into the often-overlooked realm of home office deductions. Explore how your home office can become a tax strategy, the requirements for it to become a business expense, and the different models you can use for tax deductions. Don't let your hard-earned money slip away – don't miss out on this full guide to make your home office work for your business! Download your home office deductions checklist: https://kickstartaccountinginc.com/homeofficedeductions Key Takeaways: Home-Office Deductions Basics: Learn how having a home office can be a valuable tax strategy for business owners. Deductions Requirements: Understand the requirements needed for your home office to be determined as a business expense.  Explore the different deduction models for S-Corps and LLCs based on your business and personal preferences such as the Flat Rate and the Percentage Method Models. Learn the importance of having organized documentation, and submitting monthly or quarterly business expenses.  Topics Discussed:  Intro (0:00) Client Example: Freshly Painted Office but Who'll Pay for it? (1:16) What is Home Office Deduction (3:13) First Step: Ask Yourself These Questions! (3:55) Conversation with Kelsey Chester on Writing Off Your Home Office (4:18) Second Step: Determine Your Entity Type (5:15)  Mindset Mastery Framework (6:03) Accountable Plan: Reimbursement and Documentation (7:06) What Does the IRS Say? (9:01) What Home Office Expenses Are Tax-Deductible? (9:54) Scorps Have 2 Options (10:57) LLCs Have 2 Methods: Flat-Rate Method and Percentage Method (11:11) Last Step in the Framework: Discuss with your CPA (12:42) Document: Get Ready for Tax Season (13:11) Don't Co-mingle Business and Personal Expenses (13:54) Don't Leave Money on the Table (14:51)   Other Episodes Mentioned: Ep 143 - Don't Jeopardize Your Business! Why Not Co-mingle Business & Personal Finances For help with your home office deductions and more, visit: https://kickstartaccountinginc.com/get-started/ Connect with Kickstart Accounting Inc.:   Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. YouTube | @EntrepreneurMoneyStories Facebook | Kickstart Accounting, Inc.

Are you overwhelmed and confused by your financial statements and bookkeeping? Let's review the basics! In this episode, Victoria joins Danielle to discuss the significance of a balance sheet. Discover the difference between income, balance, and cash flow statements, and delve deep into asset and liability management.   Topics Discussed:  Intro (0:00) The Balance Sheet - Knowing Your Business's Health (1:56) Three Areas: Balance Sheet Overview (5:11) Determining Assets on the Balance Sheet (6:25) Defining Liabilities: Shot-Term vs. Long-Term (7:45) Equity: The Value of Your Business (10:29) S Corp. Impact on the Balance Sheet and Asset-Liability Balance (11:48) Money Mindset Mastery Framework (14:42) Balancing Act in Managing Business and Using Quickbooks (15:44) Cash Basis vs Accrual Basis Accounting (17:48) Balance Sheet Common Errors: Sales Tax, Mystery Assets, and Personal Expenses (21:25) Balance Sheet Nuances (26:30)   For help with your business's finances and more, visit: https://kickstartaccountinginc.com/get-started/   Connect with Danielle: Instagram | @Daniellehayden__OH Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.   Get Started Today: https://kickstartaccountinginc.com/get-started  

Are you overwhelmed and confused by your financial statements and bookkeeping? Let's review the basics! In this episode, Victoria joins Danielle to discuss the significance of a balance sheet. Discover the difference between income, balance, and cash flow statements, and delve deep into asset and liability management.   Topics Discussed:  Intro (0:00) The Balance Sheet - Knowing Your Business's Health (1:56) Three Areas: Balance Sheet Overview (5:11) Determining Assets on the Balance Sheet (6:25) Defining Liabilities: Shot-Term vs. Long-Term (7:45) Equity: The Value of Your Business (10:29) S Corp. Impact on the Balance Sheet and Asset-Liability Balance (11:48) Money Mindset Mastery Framework (14:42) Balancing Act in Managing Business and Using Quickbooks (15:44) Cash Basis vs Accrual Basis Accounting (17:48) Balance Sheet Common Errors: Sales Tax, Mystery Assets, and Personal Expenses (21:25) Balance Sheet Nuances (26:30)   For help with your business's finances and more, visit: https://kickstartaccountinginc.com/get-started/   Connect with Danielle: Instagram | @Daniellehayden__OH Instagram | @Kickstartaccounting Website | Kickstart Accounting, Inc. Facebook | Kickstart Accounting, Inc.   Get Started Today: https://kickstartaccountinginc.com/get-started  

"When you take cash from the business, you are strangling cash flow, and you end up in a situation where you can't pay your bills." Murray Voth, Rick White, and Bill Haas discuss the consequences of not reporting income, the importance of understanding cash flow in business, the pitfalls of tax evasion, and using personal credit cards for business expenses. It's not just about making money, but also about managing it effectively. Murray Voth, RPM Training. Listen to Murray's previous episodes HERE Rick White, President and Lead Coach for 180BIZ, Listen to Rick's previous episodes HERE. Bill Haas, Haas Performance Consulting, Bill's previous episodes HERE. Show Notes: Watch Full Video Stealing from yourself and the consequences of not reporting income (00:01:29) Discussion on the potential consequences of not reporting income and the impact it can have on succession or eventual sale of a business. The importance of cash flow and its impact on paying bills (00:03:01) Exploration of how taking cash out of a business can strangle cash flow and lead to difficulty in paying bills. Being a role model in business and the value of ethical behavior (00:06:37) Discussion on the importance of being a role model in business, including paying for personal expenses and setting an example for employees. Profit and Taxes (00:10:21) The misconception of avoiding taxes in business and the challenge of having positive cash flow but negative profit. Personal Expenses on Business Credit Card (00:12:03) The consequences of using personal credit cards for business expenses and the tax implications of treating it as a shareholder distribution. The concept of profit first (00:19:06) Mention of Mike Michalowicz's book "Profit First" and the idea of paying oneself as a business owner. The consequences of not reporting income (00:20:27) A story about a shop owner trying to sell their business while hiding income, and the potential legal consequences of normalizing income statements for the purpose of selling a business. The consequences of not reporting income (00:24:36) Discussion on the importance of planning and preparing for taxes, and the potential legal and financial consequences of not reporting income. The need for processes and accountability in end-of-day closing (00:27:17) Conversation about the necessity of implementing disciplined processes and accountability measures to ensure accurate end-of-day closing, including balancing cash, credit card payments, and accounts receivable. Using budgets and comparing to previous years (00:33:56) Exploring the use of budget and previous year's numbers in analyzing the profit and loss statement for better understanding of the business. The impact of stealing from oneself on business valuation (00:37:42) The consequences of stealing from oneself on the valuation of the business when it comes to selling or succession planning. The consequences of not reporting income (00:40:16) Discussion on the importance of running a business independently and...

President Joe Biden's brother was tied to a potential fraud scheme this week after it was revealed that he allegedly spent a business loan on personal expenses, RadarOnline.com can report.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode, Katie Singer discusses the personal expenses you can claim against your self-employed income. Also, she reminds you the importance of getting your tax return information in as early as possible. RBP are one of the leading medical specialist firms of chartered accountants in the UK. They have over 30 years' experience in the medical field and they will be sharing their broad and experienced knowledge through their fortnightly Accountancy on Prescription podcasts. Listeners who will be interested in subscribing to these informative and relevant shows are doctors in general practice, locum doctors, hospital consultants, practice managers and PCNs. RBP can be contacted via their website, www.rbp.co.uk, by email info@rbp.co.uk, or call 020 8370 7777. We are always here to help. The content of RBP's podcasts has been obtained from, or is based on, sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we broadcast in our shows. We accept no liability for any errors or omissions in information provided by the RBP team or their guest speakers. You should always carry out your own independent verification of facts and data prior to making any investment, legal or tax decisions.

When you're beginning your entrepreneurial journey, I want you to avoid comparing your business expenses to personal expenses. Running your finances for your business is a different game and your have to draw a hard line in the sand. In this episode, I talk about how you can have a better mindset when it comes to your expenses.    ⬇️ Click to view my available resources! https://andyisom.com/   Some products and resources mentioned in this episode may no longer be offered. Please visit my website or DM me on social media for currently available downloads, resources, and coaching programs!

Bruce LeVell joins Tudor and shared his journey into politics and his unwavering support for Donald Trump. He revealed how his personal experience during the 2010 financial crash led him to question the influence of special interest groups in politics. Bruce's frustration with the lack of support from local politicians and his discovery of connections between campaign funding and bank lobbyists ultimately led him to stand behind Trump, who promised to be independent from these special interests. The Tudor Dixon Podcast is part of the Clay Travis and Buck Sexton Podcast Network - new episodes debut every Monday, Wednesday, & Friday. For more visit TudorDixonPodcast.comFollow Clay & Buck on YouTube: https://www.youtube.com/c/clayandbuckSee omnystudio.com/listener for privacy information.

Bruce LeVell joins Tudor and shared his journey into politics and his unwavering support for Donald Trump. He revealed how his personal experience during the 2010 financial crash led him to question the influence of special interest groups in politics. Bruce's frustration with the lack of support from local politicians and his discovery of connections between campaign funding and bank lobbyists ultimately led him to stand behind Trump, who promised to be independent from these special interests. The Tudor Dixon Podcast is part of the Clay Travis and Buck Sexton Podcast Network - new episodes debut every Monday, Wednesday, & Friday. For more visit TudorDixonPodcast.comSee omnystudio.com/listener for privacy information.

Bruce LeVell joins Tudor and shared his journey into politics and his unwavering support for Donald Trump. He revealed how his personal experience during the 2010 financial crash led him to question the influence of special interest groups in politics. Bruce's frustration with the lack of support from local politicians and his discovery of connections between campaign funding and bank lobbyists ultimately led him to stand behind Trump, who promised to be independent from these special interests. The Tudor Dixon Podcast is part of the Clay Travis and Buck Sexton Podcast Network - new episodes debut every Monday, Wednesday, & Friday. For more visit TudorDixonPodcast.comSee omnystudio.com/listener for privacy information.

This personal trainer is struggling with separating his personal and business finances. Can we give him a boost so he can get back to focusing on push-ups? Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week. Show notes: SideHustleSchool.com Email: team@sidehustleschool.com Be on the show: SideHustleSchool.com/questions Connect on Twitter: @chrisguillebeau Connect on Instagram: @193countries Visit Chris's main site: ChrisGuillebeau.com If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes.

On this episode of REI Mastermind Network, host Jack Hoss talks with expert guests Michael Coffee and others about strategies for analyzing seller's profit and loss statements when reviewing potential real estate investments. They highlight the importance of examining repair and maintenance costs and discuss how underwriting guidelines can impact loan proceeds. Listeners will learn about factors lenders consider when evaluating deals, such as credit, cash flow, and experience. Additionally, the speakers provide insights into the loan origination process and offer tips for screening potential capital sources. Whether you're a seasoned real estate investor or just starting out, this episode has something valuable for anyone interested in the intricacies of the industry.

Welcome to the Tearsheet Podcast. I'm Zack Miler, Tearsheet's editor in chief.  We've covered a lot about buy now, pay later over the years. BNPL's rise was strong, given how it is embedded into a merchant's checkout process and appealed to younger customers who preferred financing certain transactions and not the revolving credit of a credit card. Honestly, BNPL's takeup and growth has overshadowed the emergence of other forms of financing. One of those is lease to own – if you're my generation and grew up in the US, you're probably familiar with lease to own through Rent-A-Center commercials. In my mind, that always associated lease to own with some kind of shady business to finance subpar pre-owned furniture with cigarette burns. Neil Desai is my guest today – he's co-founder and CEO of Kafene, which takes a lease to own financing model and embeds itself within in-store shopping experiences of over 1000 merchants. Embedding lease to own opens up new products and experiences for lease to own customers, primarily subprime buyers. Neal and I talk about the difference between BNPL and lease to own and why there's room for both. Neal feels it's a better model for many people. We discuss the challenges and opportunities in building out Kafene's merchant network and the flywheel that Neal feels is kicking in now. We also look at consumer lending in light of what's happening economically today.  Neal Desai is my guest today on the Tearsheet Podcast.

In today's episode Bob continues his dive into understanding the planning process of a business owner and how to reduce your tax liability. He dives into how personal expenses are affected by inflation and taxes and how over time your wealth can dwindle.  Inflation and taxes are great wealth destroyers.To learn more, visit:https://terrafirmaconsultantsllc.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/robert-wolf/

Do you want to learn the tax strategies to save your business money? In this episode of the Happy Hustle Podcast, I have with my man, Sean Pfalzgraf, a CPA & CEO of Blue Peak Financial and he shares the 3  proactive tax strategies to save you $$.   Sean is a certified public accountant and founder of BluePeak Financial with 10 years of experience, specializing in serving clients with wealth building proactive tax planning strategies, outsourced accounting and finance operations to save you time and energy, and scaling businesses with agile project management consulting services. He has built a strong accounting and tax foundation with a background working for KPMG (Big4 Firm) serving Fortune 100 companies. He is an agile project management consultant that helps growing businesses bridge strategy to execution in mobilizing teams and measuring leading and lagging indicators that drive results. Sean also serves as Treasurer and CFO of Adventure for All, a non-profit organization that expands inclusive opportunities for individuals with intellectual and/or developmental exceptionalities through interactive adventure programs.  Additionally, he sits on a committee dedicated to cultivating and growing Benefit Corporations in the state of Florida. So, if you're a small business owner, entrepreneur, or self-employed individual this episode is a must-listen!   Here are 3 Proactive Tax Strategies to Save You $$:   1. S-Corp Election2. Separating Business/Personal Expenses3. Business Deductions For a limited time, Sean is offering a free consultation on how to maximize wealth through proactive tax planning strategies, you can grab this opportunity by going to https://thehappyhustle.com/sean    Connect with Seanhttps://www.facebook.com/spfalzgrafhttps://www.instagram.com/spfalzgraf55/https://www.linkedin.com/in/seanpfalzgraf/ Find Sean on this website: https://bluepeakfinancial.com/ Connect with Cary!https://www.instagram.com/cary__jack/https://www.facebook.com/SirCaryJackhttps://www.linkedin.com/in/cary-jack-kendzior/https://twitter.com/thehappyhustlehttps://www.youtube.com/channel/UCFDNsD59tLxv2JfEuSsNMOQ/featured Get a free copy of his new book,  The Happy Hustle, 10 Alignments to Avoid Burnout & Achieve Blissful Balance https://www.thehappyhustlebook.com/  Sign up for The Journey: 10 Days To Become a Happy Hustler Online Course http://www.thehappyhustle.com/JourneyApply to the Montana Mastermind Epic Camping Adventure https://caryjack.com/montana “It's time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!”  Episode Sponsor You probably all have heard about the superpowers of mushroom extracts and collagen. So guess what!? The product I want to share with you today contains the most hyper-concentrated forms of 4 of the best health-boosting mushrooms: lion's mane, chaga, cordyceps and reishi, collagen and Peruvian cacao.   This magic in a jar is called CollaGenius!   When you combine the cultivating powers of the 4 mushrooms mentioned above, with the various benefits of collagen, it is truly the most effective way to energize your brain and body.   It is genius! It is delicious! It is effective! As soon as I tried this product I became a super fan of it and I was just blown away by the immediate results! I felt focused, my mind was clear, and it just doubled my mental performance. It became my go-to routine for a productivity boost, immune support, and even glowing and healthy skin!   So if you struggle with brain fog, have difficulty focusing, and want to repair your brain in a most natural way. Do not wait and check this product out. It's for sure the hottest mushroom and collagen product on the market which you must try! It was just launched but I believe that it will be sold out soon, so do not wait and check it out onwww.nootopia.com/happygenius and use promo code happy10  during checkout to save 10 percent.

Presentations - Financial Services, Financial Institutions, Bank Reconciliations- 4060 Financing Personal Expenses https://accountinginstruction.info/

The economy is in flux, and you're nervous about how it will affect you. The good news is that there are steps you can take to prepare for a downturn. In this episode I discuss are 5 steps in preparing for a downturn in the economy: Evaluate your Operating Expenses and Cut Unnecessary Costs Evaluate your Personal Expenses. Pulse Differently, Shift your Planning Frequency. Check your Mindset. Align Your Offers to Maslow's Hierarchy of Needs. Info and Links New Way Growth - Your Success Is Our Business

Hour 3 -  Happy Tuesday! Here's what Nick Reed covers this hour:  Thousands of utility company customers in Colorado were locked out of changing their thermostats due to an "energy emergency."  A lawsuit filed on behalf of 26 grassroots Black Lives Matter (BLM) chapters last week alleged that the leader of the national organization siphoned $10 million in charitable contributions to pay for his own personal expenses.

Many new business owners tend to set their prices based on the amount of money they need each month to cover their personal expenses. However, this is not how you want to do it but I want to explain why and how you still can accomplish the same thing but look at it differently. Plus, let's discuss those personal expenses that are also business expenses sometimes.   _______________________________

Welcome back to another episode of Fish Food, the podcast for entrepreneurs that are building companies that grow into thriving businesses. We aim to provide accounting/business tips in 20 minutes or less!  As a small business owner, it can be natural to use personal funds for business (and vice versa). Even though you are a small business, creating separate accounts for business and personal matters is critical to protecting yourself, your business, and any assets you have.Today, we are going to go over a few key tips on why creating this separation is so important. Building this infrastructure can play a major role in your business's vitality. We discuss the reasons why you should have separate accounts, debunking common LLC myths, and the steps you should take if you need help getting started. This is a great listen for anyone looking to set their business (and themselves) up for financial success. Thanks for listening!We love hearing from our listeners! How'd you like this episode? Visit us on Instagram and let us know via DM or send us an email at podcasts@littlefishaccounting.com. Check out these resources 3 Steps to Setup a Business Bank Account4 Common Errors that Small Businesses Make & How to Avoid ThemFind us online:Website: www.littlefishaccounting.comInstagram: www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg 

Cannabis Has Greater Economic Impact Than Just Tax Revenue, WNBA Star and Gold Medalist Detained In Russia over Cannabis, Oklahoma Releases New Restrictions for Growers, The IRS Makes It Clear that Personal Expenses on Medical Marijuana Are Not Tax Deductible, Rhode Island May Legalize Adult Use This Year, US House Agriculture Chairman Urges Adding Cannabis to Next Farm Bill

Episode 96:  Business Planning Part 1 (3 part series) - What needs funding in your life?  In this episode, Scott & Renee go over the first phase of business planning which is calculating all of the elements of your life that needs funding.  Specifically they cover 1) Life Aspirations  2) Personal Expenses   3) Business Expenses

Over the last few episodes, I've talked about why you shouldn't be commingling your personal and business funds, and today's episode is no different, but like I've mentioned in the past, I understand that there are times when this happens, and you need to know how to account for it in your bookkeeping so that your financial statements are not reflecting the wrong data about your business.  In today's episode, I am going to focus on times when you may have paid for a personal expense out of your business account.  This could be the result of accidentally grabbing the wrong credit card or checkbook when you are shopping for personal items.  Even though you know these expenses are not supposed to be in your business financials, you will still need to record the transactions so that your books will still be in balance.  The question of how to record these transactions comes up a lot and after today's episode, you will know exactly what you need to do if this ever happens to you.  Don't miss this episode if you are using a computerized bookkeeping system like QuickBooks, Wave, Xero or FreshBooks or a manual system such as an Excel spreadsheet or Google Sheets and you happen to have a situation where you have used your business funds to pay for a personal item.  This happens in businesses periodically no matter if you are just getting ready to start your small business, you're a solopreneur, entrepreneur, small business owner, virtual online bookkeeper or virtual assistant, so listen in and make sure you are prepared to record transactions like this in your business… Fill out the Contact Us form if you have a question or need help with your bookkeeping: www.FinancialAdventure.com/Contact-Us Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: www.FinancialAdventure.com/5Essentials Register For My 4 Step Framework For Creating A Profitable Bookkeeping Business (Or Improve Your Existing Bookkeeping Business) Masterclass Here: www.FinancialAdventure.com/MasterClassRegistration Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path is waiting for you: www.FinancialAdventure.com/StarterGuide Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you: www.FinancialAdventure.com/Discovery Join Our Facebook Community:  www.Facebook.com/Groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique Are you a bookkeeper looking to start, grow or scale your bookkeeping business?  Join our FREE bookkeeper community here: www.FinancialAdventure.com/BookkeeperCommunity QuickBooks Online - Save 50% Your First 3 Months: www.FinancialAdventure.com/QuickBooks Show Notes:  www.FinancialAdventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources.

Advanced planning strategy series sponsors: Jon Thurmond (Axis Financial) and Alison Reiff-Martin (ReiffMartin CPA)   Powered by Stone Hill Wealth Management

On this episode Mike Jesowshek, CPA talks about what to do if you have business expenses that you accidentally paid for personally. 1) Why Should I Separate Business and Personal Expenses? 2) Okay, I Accidentally Paid For A Business Expense On My Personal Account. Now What? 3) FREE WEBINAR: Tax Secrets Nobody Tells Entrepreneurs - Sign-Up: https://www.taxsavingspodcast.com/secrets Details: Tuesday, May 18, 2021 12:00 PM CDT 4) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com) Article: https://www.jetrotax.com/i-accidentally-paid-for-business-expenses-using-personal-funds-now-what/ FREE Bookkeeping Training Program Sign-Up: https://www.taxsavingspodcast.com/offers/BxrnWMYN/checkout JETRO Packages: https://www.jetrotax.com/packages/ Book an Initial Consultation: https://harmonizely.com/mjesowshek -------- Podcast Website: https://www.TaxSavingsPodcast.com Facebook Group: https://www.facebook.com/groups/taxsavings/ -------- To find out more on this topic and many others visit our website at www.JETROtax.com. You can also give us a call at 844-327-9272 or send your questions to us at: Sales@JETROtax.com

The simplest thing to do is to keep your personal and business records separate. However, if you follow these simple steps you should be able to create a combined financial statement that reflects both your personal and business records on one sheet of paper!  *NOTE* I am not a CPA and these records should be for internal purposes only.  Ok, now thats out of the way….  Keep all business and personal transactions separate by bank or credit card account. I have said this before and I will say it again. If you are commingling your funds, the next few steps will be MUCH harder to complete. Label every personal account as a “Personal” account. Make this ABUNDANTLY clear to anyone who is reading the financial statements. Keep all personal transactions on the BALANCE SHEET only! Do not, I repeat in bold Do not, put any personal income or expenses on the business income statement. Instead, create sub-categories under the “Owner's equity” section of the balance sheet. Label all sub-categories using “Personal” at the beginning ( see #2) Use tax schedules and forms to choose sub-categories Keep all transfers to and from business accounts from personal accounts in one category (be careful not to double count these!) Remember to “zero” out these accounts at the end of the year and before handing them over to any one outside of the owners. 

Hello! Welcome to Money Matters- Ask the bookkeeper series, the accounting show answering burning accounting questions! You know, the ones you would only ask your best bookkeeping buddy!  Each show will have one main question from the audience with supporting questions from my various travels. Have a question to ask? Don't be shy, step right on up! You can submit your questions directly to Hello@kashthebookkeeper.com! You may hear your question aired live across the globe!  We have discussed Assets and Liabilities questions and today we move forward with Owner's Equity! Owners' equity rounds out one of the basic equations of accounting: Assets = Liabilities + Owners Equity.  We can rearrange this equation to say:  Assets- Liabilities = Owners Equity.  Catch up on the concept from last season's podcast here: https://pod.co/money-matters-with-kash-the-bookkeeper/1-money-matters-owners-equity-you-are-worth-it-kasfia-rashid Today's question is a continuation of our conversation from last week: “How do I track personal expenses along with my business expenses?” One of the buckets of expenses we covered last week was personal expenses that the business was responsible for paying on behalf of the owner to determine a sufficient salary, so let's add to that  data by creating personal financial statements that we can use in conjunction with business ones! 

Financial statements can be prepared for either companies or individuals. An individual's financial statement is referred to as a personal financial statement and is a simpler version of corporate statements. Both are tools that can show the financial health of the subject. Keeping an updated personal financial statement allows an individual to track how their financial health improves or deteriorates over time. These can be invaluable tools when consumers want to change their financial situation or apply for credit such as a loan or a mortgage. Knowing where they stand financially allows consumers to avoid unnecessary inquiries on their credit reports and the hassles of declined credit applications. When you are a business owner and your business is responsible for your lifestyle, having a personal income statement has some serious long term benefits.  It solves the question of “where did all the money go?” by breaking down the personal expenses that the business's income (via distribution or wage) pays for. Makes tax time easier by having information relating to home offices, personal investments, personal loans and other key tax information on hand at all times. Allows the business owner to control expenses that may otherwise affect the business's health. 

The term personal financial statement refers to a document or spreadsheet that outlines an individual's financial position at a given point in time. The statement typically includes general information about the individual, such as name and address, along with a breakdown of total assets and liabilities. Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages. Debts that are jointly owned are also included. Married couples may create joint personal financial statements by combining their assets and liabilities. Income and expenses are also included if the statement is used to attain credit or to show someone's overall financial position. This can be tracked on a separate sheet. This includes all forms of income and expenses—typically expressed in the form of monthly or yearly amounts. The following items are not included in a personal financial statement: Business-related assets and liabilities: These are excluded unless the individual is directly and personally responsible. So if someone personally guarantees a loan for their business—similar to cosigning—the loan is included in their personal financial statement.Rented items: Anything rented is not included in personal financial statements because the assets aren't owned. This changes if you own the property and rent it out to someone else. In this case, the value of the property is included in your asset list.Personal property: Items such as furniture and household goods are typically not included as assets on a personal balance sheet because these items can't easily be sold to pay off a loan. Personal property with significant value, such as jewelry and antiques, may be included if their value can be verified with an appraisal.

Every entrepreneur does not have the privilege of seed rounds of funding to get their idea off the ground. If you are not so fortunate and want to have as much available cash to fund your growing company, these are a few tips to help you reduce your personal expenses.

Clay answers questions from two listeners about how to avoid mixing personal and business funds, how to determine what name/trademark you can use for your business, how to not work 20 hours per week and how to keep your payroll costs down.

7/26 Eric Rasmussen from 5 Eyewitness News was on to chat about his report that uncovered at least $30,000 in personal expenses charged to the U of M by a high-profile professor over several years. Joe also had a great wind-milling story and the weekly chat with Reusse.

IRA Financial's Adam Bergman discusses the many ways you can tap your 401(k) plan to pay for personal expenses.

You want to start a business, but you're terrified. You're terrified that you could find yourself unable to fund your basic needs like housing, food, and Netflix (ok, maybe that last one's not technically a “need,” but still). Entrepreneurship is risky, and takes time, and you have to make a living while your business grows. […] The post MBA1137 4 Steps to Make Enough Passive Income For Your Personal Expenses + Free Ride Friday! appeared first on The $100 MBA.

You want to start a business, but you’re terrified. You’re terrified that you could find yourself unable to fund your basic needs like housing, food, and Netflix (ok, maybe that last one’s not technically a “need,” but still). Entrepreneurship is risky, and takes time, and you have to make a living while your business grows. […] The post MBA1137 4 Steps to Make Enough Passive Income For Your Personal Expenses + Free Ride Friday! appeared first on The $100 MBA.

It’s important to have good records when running your business for many reasons. Sometimes you need to run your personal expenses through your business, but this can cause your business records to be messy. In today’s episode of MissionBusinessPodcast.com, Bernard Roesch explains how to separate personal and Expenses>Business Expenses effectively within QuickBooks. If you have […] The post Separating Business and Personal Expenses in QuickBooks appeared first on MISSION.

Are your ears ready for an ALL NEW LV Real Estate Radio coming at you? This week, Harvey welcomes Equity Title of Nevada president Tracy Ruccia and Piercy Bowler Taylor Kern CPA Bill Nelson to the show. Tracy takes the mic first. When you are involved in a real estate transaction, recording fees are typically involved. These fees varied by document. They used to be $25 for the first page and then $1 for each additional page. Now, the prices are a flat $45 across the board. What does this mean for consumers? How about the Consumer Financial Protection Bureau (CFPB)? Get the low-down from Tracy right here! Bill is up next. As of tomorrow (October 1st), the 3rd quarter of the tax year is over. What does this mean for your taxes? You should be preparing for the year-end. How do you keep business expenses and personal expenses separate? Then, he talks about the ways you can control fraud. What should you be doing to make sure you’re not a victim? Find out more from Bill coming up here! Harvey has some topics up his sleeve today as well. He’s got his Headlines vs. Reality and Realty Realities for you folks. In his Headlines vs. Reality, he discusses a recent headline about the Southern California real estate market and just how they affect the real estate in Las Vegas. Then, in Realty Realities, he covers what is involved if you want to become a Realtor. You’re not going to want this show, so be sure to check it out! As always, please be sure to tune in each and EVERY Saturday at 11 AM to LV Real Estate Radio on AM720 KDWN.

[The] FOUNDATION - HOW TO MAKE PERSONAL EXPENSES(SSN#) BUSINESS EXPENSES(EIN#) As We Transition from Public to Private, WE Continue to SEEK OUT ways to Minimize OUR INDIVIDUAL Expenses. Alot of This Can and IS Accomplished through Maxing Out Personal Expenses Through YOUR BUSINESS. (HOMEBASED OR COMMERCIAL, BOTH QUALIFY) So Let's Talk about How We Lower the INDIVIDUAL or PERSONAL Expenses Through the BUSINESS! Join Host Sot El as we Discuss this and other Topics. As We Lay the FOUNDATION... LIVE CALL # (424)222-5250 or (563)999-3625 - Press 1 to interact with Sot EL. Email:  admin@welcometothefoundation.com Thanks for listening and sharing! www.highfrequencyradionetwork.com www.welcometothefoundation.com

SARA NETANYAHU INDICTED FOR FRAUD Israel's attorney general has just confirmed that he will now be criminally indicting Sara Netanyahu, on allegations of misuse of public funds and fraud. She's formally accused of using over $100,000 of state money on private expenses like personal chefs, and more.     P.M. NETANYAHU FLIES TO LATIN AMERICA Despite the mounting pressures on himself and his family, Prime Minister Benjamin Netanyahu sets of to become the first sitting Israeli P.M. to tour Latin America. ILTV's Joy Gavillon reports.     NEW HAMAS LEADER MAKES FIRST VISIT TO EGYPT Terror group Hamas' newly elected leader travels to Cairo to discuss the possibility of mending the relationship between Gaza and Egypt with Egyptian President Abdel Fattah Al-Sisi.   Headline: CONTROVERSIAL “PLAN FOR VICTORY” MOVES FORWARD Dr. Martin Sherman, the Founder and Executive director of the Israel Institute for Strategic Studies voices his reasons Israel should adopt a newly proposed bill. The legislation would monetarily compensate Palestinian and Israeli Arabs in exchange for their agreeing to pick up and move away. Headline: ISRAEL HOLDS RECORD SIZED ANIMAL RIGHTS DEMO Thousands march for animal rights across the city streets of Tel Aviv. One of the biggest such marches in history… demonstrators pointed fingers at every industry from food to entertainment, research, and more. Headline: WHAT CAN WE DO TO SUPPORT THE CAUSE? Shira Hertzanu, the Head of Media Relations at the organization, Anonymous for Animal Rights, comes into the studio to discuss what we can do in our daily lives to support the efforts against animal cruelty.   ISRAELI FILM ‘FOXTROT' WALTZES INTO VENICE GLORY Israeli film “Foxtrot” makes major waves at the Venice Film Festival as it takes the Silver Lion award. Foxtrot is the second major film by Director Samuel Maoz… and the second to win an award in Venice. ILTV's Aaron Poris Reports. 8. Headline: NEW ISRAELI TECH PROMISES MORE PRIVACY Yaif Shviro, the owner of Shviro Holon comes into the ILTV Studios to show his amazing glass stick-on that turns any pane from transparent to opaque at the push of a button. 9. URBAN OUTFITTERS BECOMES ISRAEL-BOUND Outlet stores; Urban Outfitters and Anthropologie are making their way to Israel! Hebrew word of the day: B'GADIM | בגדים = CLOTHING Learn a new Hebrew word every day. Today's word is “b'gadim” which means clothing. Weather Tonight should be clear with light winds and a low of seventy-four, or twenty-three degrees celsius. Tomorrow will also be clear but a heat-wave is heading our way, and temperatures are expected to climb. The high will be around eighty-nine, or thirty-two degrees celsius. See omnystudio.com/listener for privacy information.

Discover the secrets to creating buy in to your idea and building a team while staying true to your company's values. List of Negotiable Business and Personal Expenses and Partnership Guide Connect with me on LinkedIn Hosted by Kwame Christian Esq., M.A. Keywords: Small business, negotiate, sales, selling, negotiation, mediation, mediate, law, business, entrepreneurship, entrepreneur, salary negotiation. You'll find this helpful if you're a fan of the following podcasts: Smart Passive Income (Pat Flynn), Entrepreneur on Fire (John Dumas), Eventual Millionaire (Jamie Tardy Masters), Social Media Marketing Made Easy (Amy Porterfield), The Human Experiment (Tim Ferriss), $100 MBA (Omar Zenhom), The School of Greatness (Lewis Howes), Startup (Gimlet), Shark Tank (ABC- Mark Cuban, Daymond John, Barbara Corcoran, Robert Herjavec, Kevin O'Leary, Lori Greiner), The Profit (CNBC Marcus Lemonis), Tony Robbins, Suze Orman, Robert Kiyosaki, Napoleon Hill, Getting to Yes, Donald Trump, Art of the Deal, Bargaining for Advantage.Keywords: negotiation, negotiate, persuasion, influence, leadership, psychology, sales, compassionate curiosity

Since April is Financial Literacy Month and tax time has passed, let's begin focusing on our finances for the remainder of 2015.  I know you have been putting your receipts into a shoebox or an accordion file, so let’s start recording, tracking and managing those expenses so we can make some basic financial decisions like; what vacation(s) can we schedule this year?  Which expense(s) can we cut back on to start saving towards our year-end-goal?   Let me share with you this awesome tool that you can create by attending my signature Microsoft Excel training program called the "Manage Your Personal Finances" or MYPF Learning Program. The MYPF Learning Program takes a total of eight hours to complete.  During the training you will learn various Microsoft Excel functions and concepts that will provide you with knowledge that can be used in other aspects of your life (personally, professionally, or academically).  The program is now being offered in a virtual platform, over the Internet, and it is designed for the beginner or novice computer user.  All that you need is the Microsoft Office Excel application and an Internet connection.  The goal of the program is to help individuals become more "efficient, effective and productive" users of technology.  Join me during the broadcast to learn more about this simple and easy-to-use tool that you create as the result of completing the MYPF Learning Program.

Did you know that April is Financial Literacy Month?  Do you have in place the means to track your daily, weekly, or monthly expenses?  Was this one of your New Year’s Resolutions...and how is that going?  I know, from personal experience, that recording things like "where I spend my money" and "how much I spend on certain non-essential items are things I don't like to know about or see (especially in a documented format).   What typically works for most is to just check the current bank balance(s) and determine how things are until the next payday...but in that regard, how does one truly understand where money is being spent?  This is something that my family and I had to deal with, just within the past year.  During this broadcast I will be promoting April as Financial Literacy Month and the importance of knowing the how much, the where, the when and the why of our personal spending habits as a way to begin leveraging our financial status.  Join me during the broadcast to learn more about simple ways to use the technology that is already at our fingertips (literally) as a way to get a better grasp of our financial picture.  You can simply listen in to the broadcast or you can call in if you have a question or a comment that you would like to add.  I look forward to you joining me this upcoming Sunday at 3:00 pm.

Please join me for this afternoon's for Part 2 of my broadcast entitled "Start Managing Your Personal Finances - Now!. I will share during this broadcast more about the MYPF Learning Program that I created as the result of a major health obstacle that I was forced to deal with in 2014 that created unforeseen and unfortunate financial hardships for me and my family. The "MYPF Learning Program" teaches how to use varying levels of Microsoft Excel concepts to build a customized tool for managing and tracking monthly expenses and income.  The goal of the program is to provide individuals with additional skill sets toward becoming a more effective, efficient and productive user of technology. Successful understanding of the training program instills individuals with the ability to use, manage, and undertsand technology which translates into increased employment, career advancement opportunities, and individuals better equipped to becoming successful managers or directors. Learn more about the full MYPF Learning Program which consists of three Modules; Basic, Budget and Analysis Module. #MYPF2015

Explain the underlying principle regarding the deductibility of expenses, and describe the tax treatment of personal expenses.

Explain the underlying principle regarding the deductibility of expenses, and describe the tax treatment of personal expenses.

Explain the underlying principle regarding the deductibility of expenses, and describe the tax treatment of personal expenses.