Podcasts about s corp

  220.  The #1 Legal Mistake New Entrepreneurs Make — And How to Avoid It" - with Latrice Smith, Esq. Are you building your dream business on shaky legal ground?  It's a common — and costly — mistake. In this episode of Life After Corporate, host Deb Boulanger sits down with attorney and entrepreneur Latrice Smith, Esq., to unpack the legal essentials most new business owners overlook. Whether you're choosing between an LLC vs S Corp, drafting your first client agreements, or just trying to figure out how to start a consulting business without screwing it up, this conversation is your legal GPS. Latrice pulls back the curtain on the biggest missteps she sees founders make — from downloading generic business contracts off Google, to skipping crucial business formation documents that protect your assets. She also dives deep into small business legal advice that helps you avoid drama down the road, including partnership agreements, lease negotiations, and why a solid contract is worth more than a catchy brand name. If you've been skipping the fine print, this is your wake-up call.   Connect with Deb Boulanger To Watch the Show, click HERE For Full Notes, Go to LifeAfterCorporate.com/podcast Connect with Deb on LinkedIn, Instagram, and the private Facebook Group!  Read More about Life After Corporate HERE     Connect with Latrice Smith, Esq.  Thrive360 Program – Business blueprint for solopreneurs: https://thomaslaw.org Free Discovery Call with Latrice Smith: https://thomaslaw.org Instagram: @latricesmithesq. YouTube: @LatriceSmithEsq. Facebook: thomaslawandconsulting   Here are some other episodes you might enjoy as well: Podcast - Life After Corporate Podcast 219.  Are We Doing Facebook Groups Wrong? Key Lessons on Growing Your Business with Facebook with Tracy 218.  Attention Alchemy: How to Build a Business That Books Itself  217.  Webinar Sales Secrets Every Entrepreneur Should Know   Tweetable Quotes: "You have to talk to experts that can help you develop your vision—not people who didn't receive it."... Latrice Smith, Esq. "Your service agreement is not optional—it's your protection, your leverage, and your peace of mind." ... Latrice Smith, Esq.   SUBSCRIBE & LEAVE A FIVE-STAR REVIEW and share this podcast to other growing entrepreneurs!  Get weekly tips on how to create more money and meaning doing work you love, and be one of the many growing entrepreneurs in our community. CLICK HERE to join our private Facebook Group!  Connect with me on Instagram, LinkedIn, or check out our website at www.lifeaftercorporatepodcast.com

Anton dives deep into the concept of building multi-store networks for high-ticket dropshipping. He shares his own journey from a single e-commerce shop to a multi-million-dollar network, and walks you through why niche-specific stores convert better, how to structure your business entity, and strategies to drive free and paid traffic across multiple sites.Key TakeawaysWhat Is a Multi-Store Network?Independent, niche-specific Shopify stores (e.g., bouncehousesplus.com, trampolinesplus.com, swingsetsplus.com)Cross-promotion flywheel: customer journeys between related nichesWhy Not One “Superstore”?Niche focus boosts conversion rate (CR) – e.g., 2.5% from targeted trafficSuperstores dilute authority, lower Return on Ad Spend (ROAS)Selecting Store NichesBrainstorm products that share a customer base (e.g., backyard play equipment)Exclude unrelated niches to preserve brand relevanceBusiness Structure & TaxesUse a single LLC (e.g., AK Stores LLC) with S-Corp tax electionSimplified accounting and exit strategy (sell the entire network)Cross-Promotion Traffic StrategiesOrder Confirmation EmailsMonthly Promotions & RemarketingScaling Your RevenueEarly strategy took Anton from ~$340K/year to ~$3.2M/yearEach store remains highly profitable on its own, but network multiplies ROINext Steps & ResourcesDrop any questions in the commentsFor in-depth niche research, store builds, and traffic modules, grab the free 2-hour webinar at dropshipwebinar.com

In this episode, we're joined by financial educator and profit strategist Jamie Trull for a conversation that bridges travel, family, and finance. Jamie shares how her background as a CPA led her to help families and small business owners make smarter financial decisions—and how those choices can open the door to more meaningful (and affordable) travel.We dig into how points and miles fit into a bigger financial strategy, the importance of separating personal and business expenses, and when it might make sense to form an LLC or S-Corp. Jamie also breaks down the often-overlooked tax implications of credit card rewards and offers tips for keeping finances organized to maximize benefits.One highlight? Our chat about teaching kids financial literacy—whether by adding them as authorized users, paying them through a family business, or simply involving them in travel budgeting. Jamie encourages families to create “fun funds” by setting aside a percentage of profits, making room for joy and connection without financial guilt.This episode is packed with practical advice and empowering insights for anyone looking to make their money—and their miles—go further.Submit Your Summer Road Trip Series Story HEREFacebook GroupSponsors For This EpisodeTour Radar MEGA Sale!Find Us On InstagramMary Ellen | JoJamie's ResourcesHire Your Kids MasterclassHidden Profit BookYoutube ChannelInstagramFacebookAffiliate LinksCredit Card Affiliate LinksThe above link includes referrals for almost all travel cards (AMEX, CapitalOne, co-branded cards)If you need Chase links please reach out! We would be happy to send you our personal referral links or the Daily Drop newsletter link that will allow you to access our affiliate links.We receive a small commission when you use our links. This is an amazing way to show your support for the show at no cost to you ❤️

In this eye-opening episode of Go Ask Allyson, host Allyson Sullivan sits down with trusted tax consultant Maxwell Lorrow to break down the real talk realtors aren't getting on TikTok. From LLCs and S Corps to SEP IRAs and what gifts are actually tax-deductible (spoiler: your fancy closing baskets may not be), this conversation spills the financial tea every agent needs to hear.Whether you just passed your real estate exam or are finally hitting your stride, this episode covers the pivotal moment when it's time to level up your business structure and start playing the tax game legally and smartly. Plus, Allyson shares hilarious “girl math” hacks, hard-earned lessons from the 2008 crash, and why a flashy G-Wagon may actually cost you more than you think.Contact Allyson Sullivan:Email: AllysonSL@hotmail.comIG: @allysonsullivanrealtorWebsite: www.allysonsullivan.com

Key Takeaways: Tax Structure Variations: C Corporations are taxed at the corporate level, unlike S Corps and LLCs, which pass profits and losses directly to their owners. Double Taxation Risk: C Corps face double taxation—once on corporate profits and again when those profits are distributed as dividends to shareholders. Compensation Strategy: Shareholders who are also employees can reduce double taxation by receiving salaries, which are deductible to the corporation. Separate Tax Filings: C Corps file Form 1120, and their profits/losses don't pass through to owners unless distributed. Loss Limitations: Corporate losses stay with the C Corp and cannot offset shareholders' personal income, unlike in pass-through entities. Chapters: Timestamp Summary 0:00 Exploring the Benefits of C Corporations for Entrepreneurs 2:05 Tax Differences Between C Corps, S Corps, and LLCs 4:54 Avoiding Double Taxation Through Strategic Income Distribution 6:08 Understanding C Corp Tax Implications and Shareholder Considerations 8:20 Exploring C Corp Benefits and Strategic Financial Planning   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Send us a textMissed the S Corp deadline? Don't panic. In this episode, Mike breaks down how to file a late S Corp election the right way so you can still unlock major tax savings. You'll learn what an S Corp really is, who qualifies, how to calculate your savings, and what to watch out for when making the switch. Plus, the exact steps to file a late election with the IRS, without triggering a red flag.

Are you throwing away $30,000 in taxes every year? You might be if your business has the wrong structure! In this eye-opening episode, I reveal how I saved a client exactly that amount by switching them from an LLC to an S Corporation. But wait - this strategy isn't right for everyone! I'll break down: The big differences between LLCs and S Corps How each affects your tax bill When the S Corp starts saving you money (hint: it's around $60,000 in profit) What "reasonable salary" means and why the IRS cares The 5 questions to know if you should switch Plus, I share real stories of business owners who saved thousands - and one who got caught by the IRS and paid dearly! Don't miss this episode that could be the most profitable 30 minutes you spend all year. Your future self (and bank account) will thank you!   Next Steps:

In this episode, I break down the benefits and drawbacks of S-Corps, including self-employment tax savings, the impact on retirement contributions, and the qualified business income deduction.Learn how your profit level can influence whether an S-Corp is the right choice for you, and discover the importance of calculating a reasonable salary.---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

Wondering how to save thousands in taxes while building legacy wealth? This deep-dive breaks down real tax strategies from cost segregation and paying your kids, to choosing between an S Corp or C Corp. Learn how one investor wiped out $500K in taxable income and why planning quarterly can make all the difference.Whether you're flipping homes, managing rentals, or scaling a service biz, this is the money game you can't afford not to play. Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/ If you want to level up, text me at 725-527-7783!--- About Ryan Pineda: Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue. Ryan has amassed over 2 million followers on social media and has generat...

Felddog Summer: It is officially Felddog Summer! We got new Corey music on the horizon! Follow the Jim and Them socials like Instagram and Tiktok and comment #FelddogSummer to win some prizes. Corey On Ice: We start with Corey's Twitter that lays out what would be required for him to come on Jim and Them and we attempt to start watching Corey's old appearance on Dancing On Ice. Zeke: Zeke is upset over the show and decides to call in and call us bullies. COREY FELDMAN!, SHOW STOPPER!, LET'S JUST TALK!, DON CHEADLE!, BOOGIE NIGHTS!, JIM AND THEM IS POP CULTURE!, YOU KNOW THAT!, REAL ONES!, FELDDOG SUMMER!, NEW MUSIC!, HORIZON!, EXCITED!, STREET TEAM!, PACT!, WAIT!, UNALIVE YOURSELF!, 6/22!, 6/27!, CAST OF CHARACTERS!, NEPO BABY BODYGUARD!, COURTNEY FELDMAN!, ZEN!, ADRIEN!, HEATHER DAWN!, APPLAUSE-O-METER!, JAKE PERRY!, FREE ZEN SHIRT!, LET DOWN!, NEW MUSIC!, EXPECTATIONS!, HYPE!, DECEPTIVE DEBORAH!, FEELING FUNKY!, STREAM ISSUES!, VAMPING!, SHANE CULKING IN THE CHAT!, VAMPING!, GOBLINS!, COREY'S TWITTER!, 10K A MINUTE!, DOG POUND!, SNOOP DOGG!, GEN X ARE WE ADULTS YET!, CHANNEL!, GIVE COREY MONEY!, FRONT RAT TAIL!, 2012!, DANCING ON ICE!, UK!, CULTURAL IMPACT!, MAKE UP!, CAKED UP!, BUFFALO ASS!, MOONWALK!, FAIR!, ICE!, ZEKE!, BULLIES!, UNC!, OG!, ANGRY!, BUSINESS!, MILLION!, SMOKING A SQUARE!, GIMME YOUR LLC!, S-CORP!, C-CORP!, TRANSMISSION!, MS-13!, EL CHAPPO!, REAL MEN!, TRANSPHOBIC!, PROBLEMATIC!, KKK!, ARYAN BROTHERHOOD!, ALGORITHM!, CLOWNS!, ANDREW DICE CLAY!, ABUSE!, BRUCE LEE!, LIVE MUSIC!, JOHNNY LAWRENCE!, KARATE KID!, FUCK!, DUDE!, AMERICA!, FRIENDSHIP ARC!  You can find the videos from this episode at our Discord RIGHT HERE!

Kevin Nash has a lot on his mind this week, and it goes far beyond the Knicks. From getting high before a back workout to debating the collapse of American politics, this episode moves fast and hits hard. Expect tangents, truths, and a few curveballs only Big Sexy could throw. There's a new movie in the pipeline, a Martin Short story that involves a robe, and some choice words about the Hollywood Walk of Fame. Nash shares a few memories from the road, reflects on his singing skills, and maybe overshares about what it's like to receive Uber Eats in nothing but a talk show gift. The conversation turns serious as Kevin and Sean tackle issues like autism, dyslexia, and how the education system fails kids who don't fit the mold. They also respond to a heartfelt message from a listener whose son with autism is a big fan of the show. It's one of the most personal segments they've done in a while. Later, they go deep into testosterone replacement therapy, longevity doctors, and what it means to stay sharp, healthy, and functional into your sixties. If you've ever wondered what it's like to navigate aging while still grinding, this is a window into the mindset. And yes, the NBA comes up. Knicks, Pacers, Vegas odds, and the unspoken truth about who the networks actually want in the Finals. It's a mix of hoops and hustle, politics and pop culture, heart and heat. Just another Monday with Nash and Oliver. BlueChew- Visit BlueChew.com and try your first month of BlueChew FREE when you use promo code NASH -- pay $5 shipping. Get Blitzed-Save 15% at Get-Blitzed.com by entering the code KLIQ at checkout. Mando-Control Body Odor ANYWHERE with @shop.mando and get 20% off + free shipping with promo code KLIQ at shopmando.com! #mandopod 00:00 Kliq This #152: Go Knicks? 01:30 Nash+Martin Short 04:09 New Film 06:09 Working out stoned 11:26 Democrats need a pro-gun candidate 14:38 Trump's BBL 20:57 my son has autism 23:34 Dyslexia 24:56 Colin Jost and Michael Che 27:09 Weekend Update 28:23 Holiday weekend 33:00 Satellites on the whole moon 37:23 BREAK MANDO 40:36 The value of an S-Corp 41:47 400$ Gucci beanie 42:43 20 somethings watch this show 45:15 Kevin Nash doesn't 'get' the business? 49:10 TRT 53:34 Knicks/Pacers 01:05:01 KTTV 01:07:10 India/Pakistan 01:10:25 RAW 01:13:47 Bronn Breakker 01:14:26 Cody Rhodes in a tracksuit 01:14:37 Kofi hits the apron screen 01:18:01 Superheroification of Pro Wrestling 01:22:20 BREAK GET BLITZED 01:24:09 LAURENITIS FLIPS ON VINCE 01:36:00 Tristen 01:40:56 BREAK BLUECHEW 01:42:42 FL vs NJ 01:45:23 ASK NASH 01:45:29 What pizza do you eat? 01:46:28 PENTA overselling 01:47:09 Geckos in your house 01:49:39 Mets broadcasts 01:50:58 Coming to San Diego 01:51:15 MJ legalized?

Interior designers often get confused about whether to hire an employee or an independent contractor because the decision involves several complex factors—legal, financial, and practical—that aren't always clear at first glance.In this episode, I break down the pros and cons of both options, including cost, commitment, legal rules, and how much control you have. I also share my real-life experience of hiring interns and contractors to full-time employees, and explain why shifting your mindset from fear to strategy is key to sustainable growth.I also talk about setting up your business as an S-Corp, protecting your work with contracts, and why thinking like a CEO is key to building a business that lasts.Tune in now and start building a business that supports your growth.And if you need help getting your business off the ground and running, join the Launch Your Business Bootcamp. Classes start in July.Why you've got to check out today's episode:Get a clear comparison of hiring options to make the right decision for your interior design businessLearn how setting up your business structure (like switching to an S-Corp) can make hiring easier and more legitSet up your design business for long-term success and potential future succession planningNEXT STEPS:Join the Launch Your Business Bootcamp and launch your design business this summerGrab your freebies:Your Roadmap to a Career in Interior Design3 Things I Wish I had known when I Started my CareerConnect With Me:Email: podcast@rwarddesign.comInstagram: @rwarddesign Website at rwarddesign.comThanks for listening! I hope this helps you discover if interior design is the career for you. See you next week...Timestamps:(0:00) Introduction: Why Hiring Help Becomes Necessary(02:48) Fears and Misconceptions About Hiring Employees(04:16) Low-Risk/Low-Reward of Contractors vs. High-Risk/High-Reward of Employees(04:54) Rebecca's Journey into Hiring(08:23) Benefits of Becoming an S-Corp(13:15) Advantages of Hiring Employees Over an Independent Contractor(16:47) Legal Considerations (Especially in California)(18:58) Mindset Shift and Strategic Hiring(20:37) Practical Tips for Hiring and Managing Employees(22:10) Final Thoughts

Send us a textWe celebrate our 100th episode by giving listeners a behind-the-scenes look at our podcast journey, from inception to production challenges to our biggest wins.• Started the podcast in January 2023 to help people we couldn't take on as clients• Purchased a podcast course for $150 which provided crucial guidance on equipment, hosting, and editing• Recording during tax season was challenging but strategic, as downloads are highest in the first half of the year• Initially scripted episodes but became more comfortable with time, though still prepare notes for specific tax regulations• Hired an editor (Kevin) which made continuing the podcast possible• Our top three episodes: QuickBooks, paying kids from your business, and common startup mistakes• Biggest wins include the personal finance series and S Corp series, which have helped listeners save thousands in taxes• Moving to a bi-weekly schedule to make production more manageable• Planning a second, more personal podcast focused on family lifeThanks for helping us reach 100 episodes! We'll continue providing tax and accounting wisdom every other week, focusing on the latest tax code changes and business strategies to help you save money.Create a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

Are you extremely behind on your S Corp and personal taxes? What is the solution? I may have one for you in today's episode...Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec

In this episode, I break down the essentials of self-employment tax and explore how forming an S Corporation can unlock valuable tax benefits. I walk through key tax strategies, what makes an S Corp worth considering, and why understanding state regulations matters for self-employed entrepreneurs like us. I also highlight how strong bookkeeping, proper payroll, and strategic financial planning help protect your business income and maximize your tax return. If you're navigating entrepreneurship and want to keep more of what you earn, this episode offers practical, real-world guidance.   Also mentioned in this episode: 00:00 Understanding Self-Employment Tax 03:25 The Benefits and Risks of S Corporations 06:20 Criteria for Forming an S Corporation 11:55 Navigating State Regulations and Compliance   Takeaways Self-employment tax is 15.3% for self-employed individuals. An S Corporation can help save on self-employment taxes if criteria are met. Forming an S Corp requires running payroll and compliance with employment laws. You cannot undo an S Corp election for five years. Check state regulations as some may tax back S Corp benefits. Consistent profit over $60,000 is a key criterion for forming an S Corp. Bookkeeping is essential when operating as an S Corp. Having more money than time indicates readiness for an S Corp. Professional guidance is crucial when forming an S Corp. Be cautious of advice from unlicensed sources regarding taxes.   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Get your free visual guide to tax deductions Check out my program, Money Bootcamp

For our final episode of this podcast, we look back at our past 10 years of freelance writing and look forward to what we hope is next for us.This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

Brian Skrobonja breaks down 11 small business tax tips that could help you keep more of what you earn. He explains how the wealthy leverage these strategies, ways to apply them to your own business, and how being proactive now can save you thousands down the road. Tune in to discover practical steps you can take today to reduce your tax burden, boost your bottom line, and build long-term financial security. Brian starts by revealing how the tax code can be used as a tool to build wealth. According to Brian, the difference between the wealthy and the average American is that the wealthy are more informed about tax-saving strategies. Unfortunately, many business owners treat taxes like a once-a-year nuisance. They write a check and move on.  For Brian, taxes are a bigger expense than rent and payroll--and being informed can mean hundreds of thousands of dollars in your pocket over time. #1 The R&D Tax Credit. Brian explains how this overlooked credit isn't just for tech businesses in Silicon Valley — if you're improving a product, process, or even internal software, you might qualify. #2 The Augusta Rule. Brian reveals how you can rent your own home to your business for up to 14 days a year and not pay a dime in taxes on that income. #3 De Minimis Safe Harbor. Brian shares how to write off things like laptops, chairs, and tools right now instead of dragging those deductions out for years. #4 Qualified Business Income Deduction (QBI). Brian highlights how small business owners operating through a pass-through entity like an S-Corp or LLC can deduct up to 20% of their qualified business income. #5 Bonus Depreciation. Brian explains how business owners can immediately deduct a significant percentage of the cost of qualifying property like machinery, vehicles, furniture, and computer equipment, in the year it's placed into service, rather than spreading the deduction over years through traditional depreciation. #6 Intangible Drilling Costs (IDCs). Business owners in oil and gas can deduct up to 100% of certain drilling expenses upfront, regardless of whether the well is productive. #7 Cost Segregation for Real Estate. Brian breaks down how, for commercial property owners, this strategy is a highly effective tool to accelerate depreciation and create early tax savings.  Instead of depreciating an entire building over the standard 39-year life for commercial real estate, a cost segregation study identifies and reclassifies specific building components, such as HVAC systems, that could be depreciated over a five to 15-year period. #8 Market Value Adjustments for Roth Conversion. Brian explains how doing a Roth conversion when asset values are low can lock in long-term tax-free growth, especially if it's inside a traditional IRA. #9 Build Banking. Brian shares ways to use specially designed whole life policies to create your own private banking system so you can grow wealth tax-deferred and access it tax-free. #10 1031 Like-Kind Exchange. Brian shows how real estate investors can defer capital gains by rolling proceeds into another similar investment without paying taxes. #11 Opportunity Zones. Reinvesting gains into a qualified opportunity fund can help you defer, and possibly erase, capital gains taxes altogether. Brian believes business owners should act fast to take advantage of the tax code. The tax code doesn't reward procrastination. Every day you wait is money left on the table.  Before implementing any of these strategies, always consult your CPA to make sure the structure is appropriate for your business situation.     Mentioned in this episode: BrianSkrobonja.com SkrobonjaFinancial.com SkrobonjaWealth.com BUILDbanking.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify     Alternative investments may be subject to less regulation than other types of pooled investment vehicles. Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains and an individual's net returns may differ significantly from actual returns. Such fees may offset all or a significant portion of such Alternative Investment's trading profits. Incorporating alternative investments into a portfolio presents the opportunity for significant losses including in some cases, losses which exceed the principal amount invested. Also, some alternative investments have experienced periods of extreme volatility and in general, are not suitable for all investors. Asset allocation and diversification strategies do not ensure profit or protect against loss in declining markets. ---- BUILD Banking™ is a DBA of Skrobonja Insurance Services, LLC. Benefits and guarantees are based on the claims paying ability of the insurance company. Not FDIC insured. Results may vary. Any descriptions involving life insurance policies and its use as an alternative form of financing or risk management techniques are provided for illustration purposes only, will not apply in all situations, may not be fully indicative of any present or future investments, and may be changed at the discretion of the insurance carrier, General Partner and/or Manager and are not intended to reflect guarantees on securities performance. The term BUILD Banking™, private banking alternatives or specially designed life insurance contracts (SDLIC) are not meant to insinuate that the issuer is creating a real bank for its clients or communicating that life insurance companies are the same as traditional banking institutions. This material is educational in nature and should not be deemed as a solicitation of any specific product or service. BUILD Banking™ is offered by Skrobonja Insurance Services, LLC only and is not offered by Madison Avenue Securities, LLC. nor Skrobonja Wealth Management, LLC. ---- This content is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Skrobonja Financial Group, LLC, Skrobonja Insurance Services, LLC, Skrobonja Wealth Management, LLC are not permitted to offer and no statement made during this presentation shall constitute tax or legal advice. Our firms are not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Skrobonja Financial Group, LLC, Skrobonja Insurance Services, LLC, Skrobonja Wealth Management, LLC.

In this episode of the Sunlight Tax podcast, I dive into the essentials of choosing the right business structure for anyone in self-employment, especially when it comes to forming an LLC or electing S-Corp status. I highlight why it's important to avoid unnecessary business formations and walk you through the proper order of business operations—reminding you that your business officially begins the moment you start advertising. I also share practical tax advice, including how different structures impact your taxes, and offer tips on bookkeeping and protecting yourself with liability insurance. Whether you're a new entrepreneur or already deep into running your business, this episode will help you assess your needs and make confident decisions about your structure. Understanding your options as a self-employed business owner can save you time, money, and headaches down the road. Also mentioned in this episode:   00:00 Understanding Business Structures: LLCs and S-Corps 04:02 Order of Operations in Business 09:58 The Role of LLCs in Business 12:20 Understanding S Corporations 19:00 Final Thoughts on Business Structure and Operations   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight podcast to new audiences.   Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Get your free visual guide to tax deductions Check out my program, Money Bootcamp

In this episode, we're diving into the details around the templates we use, tweak, and sell as freelance writers. If you've ever wondered how we boost efficiency in our workdays and cut out the repetitive pieces of day-to-day work, this is a must-listen. This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

If you're a dental practice owner—or planning to become one—this episode could save you thousands. Wes Read, CPA and CFP, breaks down the financial fundamentals every dentist needs to master, especially when it comes to getting money out of your business without triggering IRS penalties.Wes unpacks the critical role of choosing the right business structure—S Corporation, LLC, or sole proprietorship—and how that decision directly impacts your taxes. You'll learn why S Corps are often the go-to for dentists, and how your “stock basis” plays a central role in what you can legally distribute from your business.What's the danger? “Excess distributions”—taking more out of the business than your basis allows. Do this, and you could be looking at capital gains taxes and serious IRS scrutiny.Wes explains the three primary ways dentists take money out of their practices—payroll, direct distributions, and personal expenses—and how to do it smartly. If you're in the middle of a buildout, just bought a practice, or making big equipment purchases, this episode is a must-listen.With clear explanations and actionable advice, Wes helps you sidestep costly tax traps and plan your cash flow more strategically.What You'll Learn:How excess distributions work—and why they're a silent profit killerWhat “basis” really means, and how it affects your ability to take money outThe pros and cons of S Corps, LLCs, and sole proprietorships for dentistsThe three most common ways money exits a dental practice—and the tax implications of eachHow to work with your CPA to avoid penalties and optimize your income #DentalBoardroom #DentalCPA #DentalFinance #ExcessDistributions #SCorporation #DentalPracticeOwner #DentistTaxTips #DentalPo

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Work With Erica Erica explains the potential savings on self-employment taxes and the trade-offs with the Qualified Business Income Deduction (QBID). Erica advises listeners to hold off on making the S-Corp election until there's more clarity on tax laws, which are expected to change with the expiration of the Tax Cuts and Jobs Act in 2025.   00:00 Intro 00:45 The Importance of Timing for S Corp Election 01:49 Understanding S Corp and QBID 02:50 The Impact of the Tax Cuts and Jobs Act 04:11 Why Waiting is the Smart Move 05:52 Practical Steps for 2025 07:13 Concierge Bookkeeping   ____________________ Connect with Erica | LinkedIn | Website | Newsletter

Send us a textEvery dollar you save in taxes is another dollar you can reinvest in your franchise. But are you leaving money on the table? In this eye-opening conversation, CPA Michael Reeder reveals the tax strategies that have helped franchisees nationwide maximize their profits and build sustainable wealth.Michael brings 14+ years of specialized franchise accounting experience to the table, explaining how the right approach to entity structure, vehicle acquisitions, and compensation can dramatically reduce your tax burden. His "three bucket methodology" cuts through the confusion of LLCs, S-Corps, and C-Corps to help you make decisions based on your unique financial situation rather than one-size-fits-all advice.The discussion breaks down practical strategies that could save you thousands, including how to properly handle vehicle purchases (hint: "purchase and heavily finance" rather than lease), the potential restoration of 100% bonus depreciation, and how S-Corp owners can save approximately $17,000 in self-employment taxes on $200,000 of business income through strategic salary allocation.What makes this conversation particularly valuable is Michael's ability to translate complex tax concepts into actionable insights. He addresses common misconceptions about franchise fees (which must be amortized over 15 years) and explains how to capture tax benefits even when selling your business before the amortization period ends.Whether you're considering franchise ownership or already running your business, this episode provides the financial clarity needed to make informed decisions that align with both your short-term cash flow needs and long-term wealth building goals. Connect with Michael at readercpagroup.com to learn how specialized tax planning can transform your franchise's financial picture. The Franchise Insiders Podcast Schedule A Call Text: 305-710-0050 Take our FREE Business Builder Assessment

Are you stuck in analysis paralysis when it comes to investing in real estate? Joel Miller, author of Build Real Estate Wealth, joins us for a powerful conversation packed with actionable advice, personal insights, and a wealth of real-world experience. In this episode, Joel breaks down the foundational steps to becoming a successful real estate investor—starting with mindset and moving all the way through to tenant selection and cash flow management.He reveals how the book, originally written as a guide for his son, has become a comprehensive manual for anyone interested in income-producing properties. From understanding why the first investment is often the hardest to navigating the complexities of entity structures (LLC, partnership, S Corp, etc.), Joel emphasizes the importance of getting your business house in order before making offers. He also shares why tenant selection starts long before someone fills out an application, and how every decision—location, property type, and even ad language—affects your pool of potential renters.You'll also hear how his 18-year-old son purchased his first rental property just after high school graduation and is already closing on his second one. Joel's message is clear: with the right knowledge and tools, building wealth through real estate is possible for anyone willing to follow the blueprint.Key Takeaways:(02:13) Why the first investment is the hardest—and how to move past the fear(09:25) The #1 advantage of small properties for first-time investors(14:08) How Joel's son started investing at 18—and what you can learn from it(20:04) Choosing the right entity structure: LLC, partnership, S Corp, and more(21:07) Tenant selection starts before your property search even begins(26:30) How to scale from zero to $10,000/month in net cash flowResources Mentioned: Grab a copy of Build Real Estate Wealth by Joel Miller on Amazon or visit JoelMillerBooks.com to view the full table of contents, sample chapters, and access exclusive house-flipping content via QR code.Connect with Joel:Buy the Book: https://www.amazon.com/Build-Real-Estate-Wealth-Investment/dp/B0DG48NHPCWebsite: https://www.joelmillerbooks.com/Linkedin: https://www.linkedin.com/in/joel-miller-42981811/Connect with Corwyn @:Contact Number: 843-619-3005Instagram:⁠⁠ https://www.instagram.com/exitstrategiesradioshow/⁠⁠FB Page:⁠⁠ https://www.facebook.com/exitstrategiessc/⁠⁠Youtube:⁠⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠⁠Website:⁠⁠ https://www.exitstrategiesradioshow.com⁠⁠Linkedin:⁠⁠ ⁠⁠https://www.linkedin.com/in/cmelette/⁠⁠Shoutout to our Sponsor: EXIT Realty Lowcountry GroupDo you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative. EXIT Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call EXIT Realty Lowcountry group today at 843-619-3005 that is 843-619-3005 or visit ⁠https://exitlowcountry.com/joinexit⁠ and make your Exit today.

Welcome back, friends! This week, we dive deep into the fundamentals of Limited Liability Companies (LLCs) and why they matter for real estate investors. Whether you're just starting out or scaling your portfolio, understanding how to properly use an LLC is key to protecting your assets and building a strong foundation.We're debunking common myths—like the belief that forming an LLC automatically makes you a business owner or offers bulletproof protection—and explaining why careless mistakes can still leave you personally liable. One key topic we cover in this episode is "piercing the corporate veil," where mismanagement (like co-mingling funds or using incorrect signatures) can strip away an LLC's legal protections.Lastly, we also share real-life lessons from transaction missteps and offer actionable tips: keep business and personal finances separate, use proper documentation, counter-sign leases, and file biennial reports to stay compliant. Walk with us as we even break down structuring strategies, like separating active and passive income and considering an S-Corp or series LLC, depending on your goals and state laws.Want the deets on our 1:1 consulting program—designed to empower women to confidently transition into full-time real estate investing? Click here for more information.Tune in to learn how to protect your assets, avoid costly mistakes, and start treating your business like a business.  Resources:Simplify how you manage your rentals with TurboTenantGet the deets on our 1:1 consulting programGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram 

In this episode, we'll share a look under the hood at what it takes to plan, market, and host your own in-person gatherings (meetups, retreats, etc.) as a freelance writer, sharing our own experiences doing just that!This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

Key Takeaways: LLC vs. S Corp vs. C Corp = Different Tax Rules Think of your business like a costume—it can dress up as different types (like LLC, S Corp, or C Corp). Each costume changes how much tax you pay and how your money is handled. How You Pay Yourself Matters If you run your own business, you can pay yourself like a worker (salary) or take money out like an owner (distribution). Each way has different tax effects, so you want to choose smartly. Keep Up With the Rules Tax laws can change, kind of like rules in a game. You need to know the current rules to keep winning, but don't get so caught up in the future that you stop growing your business today. Plan Your Income and Deductions If you know how much money you're making and spending ahead of time, you can use that info to lower how much tax you owe. That's called “strategic planning,” and it saves you money. Think Big Picture With Your Finances Taxes are just one part of your business. To really succeed, you need to look at everything—how much you make, spend, save, and grow—like one big puzzle. Chapters: Timestamp Summary 0:00 Strategies for Entrepreneurs to Minimize Taxes Legally 1:39 Choosing Between LLC, S Corp, and C Corp for Business 4:27 Understanding Tax Implications of Paying Yourself in Different Business Structures 6:25 Strategic Tax Planning for Business Growth 8:32 Strategies for Managing Year-End Business Expenses and Taxes 9:26 Big Picture Strategies for Business Finances and Investment Advice   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode of Thrive LouD with Lou Diamond, Lou sits down with Scott Arden, CEO of Controllers Limited, to unpack the essentials of building generational wealth through savvy use of corporations, LLCs, and trusts. Scott shares his unique journey—starting his first business at age 19!—and what inspired him to become an expert in tax planning, asset protection, and estate planning.From busting myths about tax deductions and revealing insider strategies for reducing your tax bill, to discussing how to set your family up for long-term financial success, Scott breaks down topics that every entrepreneur, business owner, and even everyday listeners can benefit from. You'll learn about:Picking the right business structure (LLC, S-Corp, C-Corp… or a combo?)Strategic ways to legally lower your taxesHow to hire your kids and give them a financial head startNavigating changing tax laws, even internationally or across statesThe surprising IRS codes that allow you to deduct things like golf clubs—or even your dog!Plus, stick around for the fun part at the end, as Scott shares his favorite movies, music, foods, and the new experiences he's loving lately.If you're interested in protecting your wealth, saving on taxes, and leaving a real legacy, this is one episode you don't want to miss!Check out Controllers Limited: www.controllersltd.comConnect with Scott: Instagram @ScottArdenCEO | Call (775) 384-8124 | Email: contact@controllersltd.comListen, learn, and thrive!

In this episode, Ron Apke is joined by his personal accountant, Ashish Acharya, to break down everything land investors need to know about taxes and how to legally minimize your tax bill. Whether you're just getting started in land flipping or already scaling your business, this is a must-watch conversation that could save you tens of thousands in taxes every year.They cover key questions like: Should you get an LLC? When do you switch to an S-Corp? Plus, they explain how reinvesting your land profits into other real estate (like short-term or long-term rentals) could save you up to $100K in taxes.If you're flipping land and not thinking about taxes, you're doing it wrong.================================ 

If you're looking for ways to increase your income as a freelance writer, you should consider opportunities for upselling. In this episode, we look at a few options for additional services and add-ons you can offer clients to earn more money and become even more valuable to your clients.This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, Ryan Bakke breaks down the key differences between LLCs and S Corporations—and why putting your rental real estate in an S Corp could cost you thousands in taxes. While S Corps are great for service-based businesses, Ryan walks through three major tax traps for real estate investors who use them. He also shares his recommended entity structure for those running both passive rental portfolios and active real estate businesses. If you're a real estate investor or advisor trying to optimize your tax strategy, this episode is essential listening.Timestamps:00:00:00 – Intro: When an LLC beats an S Corp for real estate00:00:37 – Key differences: Tax treatment, liability, and ownership flexibility00:01:44 – Why S Corps are popular for service businesses (and when they work)00:02:29 – How an S Corp can save $9,000/year in self-employment tax00:03:43 – Why those savings don't translate to real estate investing00:04:12 – S Corp disaster #1: Losing depreciation deductions00:05:40 – S Corp disaster #2: Refinance triggers a taxable event00:07:28 – What happens when you move property from an S Corp to personal name00:08:25 – S Corp disaster #3: Paying self-employment tax on passive income00:09:26 – When S Corps do make sense (flipping, development, active real estate)00:10:08 – Ryan's recommended entity structure: Active vs. Passive buckets00:10:29 – Benefits of using LLCs for rentals: Depreciation, 1031s, flexibility00:11:11 – Recap: Avoiding tax nightmares with the right structureWant me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Dean Vance - Vance and Associates CPA On a the Brutal Truth About the CPA World: "It's the people who are not part of the orthodoxy who are outside the box that ask those, quote, unquote, 'silly questions', that actually dig in. 99% of this space has been following a fallacy about things." As an entrepreneur, the government rewards you, kind of, for building your business to create jobs and keep the economy moving.  But these rewards are typically given as tax breaks that are not at the forefront of the minds of accountants.  You know them the professionals that you trust to know the tax code to help minimize your tax burden. Dean Vance is a CPA that comes at this from a different angle.  Dean has an eye and a mind for helping business owners navigate the tax code to make sure they are taking advantage of the opportunities the tax code offers them. Dean Vance of Vance and Associates CPA talks taxes, accounting, and small business finance. As a seasoned CPA with nearly thirty years of experience, Dean shares the ins and outs of tax strategy, the importance of tax planning, and why having someone regularly “look under the hood” of your business books can make all the difference. The conversation covers everything from the often-overlooked tax opportunities for small business owners—like paying your kids to work in your business—to the crucial role of systems, checklists, and company culture in building a successful business. Dean also gives listeners a peek behind the scenes of his own firm, discusses the value of industry specialization (“riches are in niches!”), and highlights the human side of accounting, including personality fit and team building. Along the way, James and Dean swap stories about navigating the real challenges and triumphs that come with entrepreneurship, making this episode a must-listen for business owners who want to stop leaving money on the table and start running a leaner, smarter operation. Whether you're dreading tax season or just want to better understand the numbers driving your business, you'll find plenty of practical wisdom—and maybe a little inspiration—in this week's conversation. Listen as Dean shares some tax tips, as well as offers you things to look for when searching for a professional to help you with you tax strategy. Enjoy! Visit Dean at: https://www.deanvancecpa.com/     Podcast Overview: 00:00 "From Bakery Job to Business Owner" 05:40 Atypical, Big-Picture CPA 12:48 Decoding Business Patterns Mystically 16:47 "Fridays: Cakes, Beer, and Nostalgia" 23:55 Law School Decision and Karma 30:43 "Tax Return Amendment Review Process" 33:21 Bookkeeping for LLCs and Corporations 38:16 "Bimonthly Financial Meetings Routine" 46:38 "Inside vs. Outside the Box" 50:56 Leveraged Medical Supply Deduction Strategy 56:37 The Rosetta Stone's Impact 01:02:57 Choosing a Trained Tax Strategist 01:04:03 Captive Insurance Company Basics 01:12:20 S Corp vs. C Corp for E-commerce 01:15:47 Client Assessment and Discovery Process 01:19:54 "Entertainer Computes Cost of Labor" 01:27:50 "Creedal Country: Merit Over Origin" 01:33:57 Basement Drywall Experience 01:35:56 "Opportunity and Ambition Dynamics" 01:44:42 "German Cultural Traits & Influence" Podcast Transcription: Dean Vance [00:00:00]: Third would be tax planning, I guess, generally. You want a professional who knows what they're doing to In go through your books and say, hey. Just like I mentioned with my with the the the prospect that that turns into a client was, you know, just have somebody who does this all the time. Right? Take a look at your books and take a look at your tax returns. Okay? Is there is there a fidelity between the closing of your books and your tax return? So you check all these different things, one. And then two, you can look at how they're situated legally, how how their entity is set up legally. Right? James [00:00:35]: You have found Authentic Business Adventures,

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In this Read Listen Watch® (RLW), join host Karen Edwards and legal expert Ashlee B. Poplin, partner at Adams & Reese with extensive experience in civil litigation and construction law, as they discuss the essential legal aspects of starting and running a roofing business. From choosing the best legal structure (LLC, S-Corp, C-Corp) for your company and understanding its impact on taxes and liability, to navigating the necessary licenses and permits required across different states, they cover it all. Learn how to minimize insurance costs while ensuring adequate coverage, the risks of operating without liability insurance and best practices for managing cash flow and enforcing payment from customers.   Learn more at RoofersCoffeeShop.com!  https://www.rooferscoffeeshop.com/     Are you a contractor looking for resources? Become an R-Club Member today! https://www.rooferscoffeeshop.com/rcs-club-sign-up     Sign up for the Week in Roofing!  https://www.rooferscoffeeshop.com/sign-up     Follow Us!   https://www.facebook.com/rooferscoffeeshop/   https://www.linkedin.com/company/rooferscoffeeshop-com   https://x.com/RoofCoffeeShop   https://www.instagram.com/rooferscoffeeshop/   https://www.youtube.com/channel/UCAQTC5U3FL9M-_wcRiEEyvw   https://www.pinterest.com/rcscom/   https://www.tiktok.com/@rooferscoffeeshop   https://www.rooferscoffeeshop.com/rss     #adamsandreese #RoofersCoffeeShop #MetalCoffeeShop #AskARoofer #CoatingsCoffeeShop #RoofingProfessionals #RoofingContractors #RoofingIndustry 

In this episode, we get into the career path of journalism, the education/types of training available for those wanting to get a secondary degree for it (with costs!), and some hard truths from firsthand experience doing this work. This is a great episode for anyone wanting to pursue this path!This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

Today we're talking about freelance writers who are launching courses, templates, digital products, and more + the promotion it entails to be successful. To do this well, does a freelance writer need to think of themselves as a full-time Creator or Influencer? We discuss our different stances and experiences doing this work.This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I talk with Chelsea Cutrer—former tech executive turned short-term rental queen—about her incredible journey from W2 to full-time real estate entrepreneur. Chelsea shares how she leveraged her design eye, sales background, and business instincts to build a growing STR portfolio in the competitive 30A market. We dive into the systems she uses to manage her own properties and her 20+ management clients, her take on revenue strategy, and how she's already changing her family tree.Timestamps:00:00:00 – Intro and Transitioning from W2 tech job to full-time STR investor00:01:08 – Education, career at Dell, and early interest in real estate00:04:14 – How Chelsea's mom inspired her real estate journey00:05:38 – Buying the first STR during COVID and the tax motivation behind it00:08:40 – What makes her listings outperform in 30A00:10:10 – The power of private beach access and listing clarity00:14:45 – What her current STR portfolio looks like00:16:26 – Markets she's exploring next (like Cape San Blas)00:19:04 – From co-hosting to full management and revenue strategy00:20:21 – The biggest mistakes property managers make00:22:36 – How she prices for the off-season and fills gaps00:24:40 – Teaching her kids real estate and building generational wealth00:26:40 – Growth plans, S Corp planning, and how she found Ryan00:28:54 – Her top advice for anyone thinking about leaving their W2Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Send us a textIn this throwback episode of the Tatter-a-Fact PMU Podcast, Teryn Darling sits down with her long-time tax advisor and friend, Mark Rizzo—a tax pro who actually loves taxes (yes, really!). They dive deep into real-world money advice every permanent makeup artist should hear—from understanding LLCs and S Corps, to claiming your cash income properly, to investing smart and building wealth while doing what you love.Mark shares the wild tax history of tip earners in Las Vegas, breaks down how artists can avoid audits, and reveals the two things every entrepreneur should have by the time they retire. If you've ever stressed over taxes, struggled to stay organized with receipts, or wondered how to set up your business structure the right way—this is your episode.✅ Topics covered:- Why PMU artists NEED to claim cash income- LLC vs S Corp: What's best for solo artists?- How to pay less tax legally- Quarterly tax payments simplified- How to retire early (even if you start small)- The Roth IRA vs Traditional IRA debate- Tips to stay organized + audit-ready- Investing advice for creatives who hate finance

In this conversation, Larry Pendleton, a CPA specializing in real estate, shares his insights on achieving financial independence through passive income and effective tax strategies. He discusses various passive income strategies, common tax mistakes individuals make, the benefits of S-Corps for real estate investors, the intricacies of 1031 exchanges, and the importance of involving family in business for tax benefits. Larry emphasizes the need for education in navigating the tax code and estate planning, debunking myths about trusts and their tax implications.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

What We Cover In This Episode: The difference between an LLC and an S-Corp, and how that affects liability, taxation and future growth [4:31] What the purpose of a legal entity is, and how it protects your personal assets from business lawsuits [7:04] How to negotiate commercial leases effectively, plus the strategies you can use to protect your wealth [15:45] What makes membership and staff agreements critical for a new gym business and why not having these in place isn't an option [19:33] The significant financial risks of misclassifying staff and how the true costs this type of mistake can have [25:17] What specific lease clauses gym owners should negotiate, and how to get better protection within those contracts [29:32] What you need to keep in mind as you future plan for the sale of your business [35:08]   Quotes:    “The whole purpose of the legal entity is to protect your personal assets. Think about it as we're basically putting a roof over your head so that the lawsuit comes at you, at the legal entity, and it's going to bounce off you personally, and it's going to stick to the legal entity." [Matt, 6:59]  “The lease is a contract and every contract is negotiable. So the landlord will present you with an initial copy of the lease and recommend that you hire somebody to go through and basically say, we like this language. We don't like this language." [Matt, 15:27]  "So it's not really a question of whether or not you think you should have a membership agreement. You have to. By law." [Matt & Nick, 22:26]  “We want to make sure that we are building an asset, this is an investment, this is an asset that is growing and it is nice and packaged up, because it's a nice little LLC and the more you operate in it the more you can remove yourself from the business it is going to increase its evaluation and then ultimately, we are going to try to sell it.” [Matt, 36:40]   LINKS:  Gym Lawyers Website  Gym Wealth Strategies Website  Their Gym Ventures & New Gym Owner Services Matt's Previous Episode on fitSpot Guru Learn More About All of Our Partners & Get Exclusive Offers Visit the fitDEGREE Knowledge Base Send Megan Your Playlist or Discuss the Podcast Here!  fitDEGREE's Business Portal https://calendly.com/fitdegree-support  support@fitDEGREE.com https://www.instagram.com/fitdegree/ ​​https://www.instagram.com/fitspot_guru/  https://www.fitdegree.com/blog  https://www.youtube.com/channel/UChJ5rK6zWPXjbxtUQx3ys9Q https://www.tiktok.com/@megan_fitdegree  

Money doesn't have to be complicated—and talking about it shouldn't be taboo. In this episode of Spa Marketing Made Easy, I'm joined by Danielle Hayden, founder of Kickstart Accounting and a former hairstylist turned CPA, to normalize money conversations and share the vital role that financial visibility plays in building a sustainable spa business. From building your “money team” to knowing when it's time to become an S Corp, Danielle breaks down financial concepts into approachable, actionable strategies that empower spa CEOs to make confident business decisions. We also share a big announcement—Kickstart Accounting is officially a partner inside the Addo Professional Alliance! If you've been searching for a reliable, woman-led accounting firm that truly understands the spa and aesthetics industry, you're going to love this episode. What you'll learn during this episode: The 4 essential members of your “money team” and how they work together Why your bookkeeper should be your first hire—not your CPA How to make financial decisions based on your life goals (not just revenue) The 3 benchmarks that indicate you're ready to switch to an S Corp The difference between bookkeeping, tax planning, and CFO strategy—and why you need all three How Kickstart Accounting supports spa businesses with clarity, confidence, and care Resources Mentioned in Episode #429: Using Your Numbers to Make Better Business Decisions with Danielle Hayden Visit Danielle's business website, Kickstart Accounting Follow Danielle on Instagram: @kickstartaccounting Tune into Danielle's podcast Business by the Books Keep the conversation going inside the Spa Marketing Made Easy Community by clicking here. IG / @addoaesthetics WEB / addoaesthetics.com YOUTUBE / @addoaesthetics LINKEDIN / @addoaesthetics WANT MORE FROM ADDO AESTHETICS? Take just 5 minutes and find out YOUR biggest area of opportunity by taking my FREE Spa Business Assessment here → scorecard.addoaesthetics.com Join the Addo Professional Alliance (APA), an association dedicated to empowering women and strengthening their community by helping aesthetic professionals build meaningful connections with one another and fostering support and guidance to create businesses that align with the lives they love → https://www.addoaesthetics.com/addo-professional-alliance/ ABOUT THE SPA MARKETING MADE EASY HOST      About Your Host, Daniela Woerner Daniela Woerner is the founder of Addo Professional Alliance, a leading spa association for aesthetic professionals, and the creator of the Growth Factor Framework—a proven system that has helped 582 six- and seven-figure spa owners scale their businesses with strategy and systems. With nearly two decades in the aesthetics industry, Daniela has trained alongside top physician-dispensed brands, consulted with leading dermatologists, and helped thousands of spa professionals streamline their operations and maximize profitability. Her mission? To transform overworked aesthetic professionals into Spa CEOs—building a business and life they love with the strategic systems needed for long-term financial growth. As the host of the Spa Marketing Made Easy podcast, Daniela brings expert insights, real-world strategies, and in-depth conversations to help spa owners elevate their marketing, optimize their operations, and create sustainable success. With over 400 published episodes, 1 million+ downloads, and a ranking in the top 1% of all podcasts worldwide, Spa Marketing Made Easy is the go-to resource for spa and aesthetic professionals looking to level up. Tune in each week for actionable strategies, expert interviews, and inspiration to help you build a thriving, systemized, and scalable spa business!

Most business owners are paying way more in taxes than they should—and they don't even know it. In this episode, we reveal the #1 mistake that's costing entrepreneurs $10,000 to $20,000 (or more) every single year: picking the wrong business structure. Whether you're an LLC, S-Corp, or C-Corp, your setup could be helping or hurting your bottom line. You'll learn the truth about how each entity is taxed, how to know when it's time to switch, and the exact numbers to watch for if you want to start keeping more of what you earn. If you're running a business and want to stop handing extra money to the IRS, this episode is for you.

Today, we want to talk about social media in an age of complicated social media. This is more about how we focus our efforts on social media when there is a lot of tumult in the space, whether it's due to political concerns or their own mental health concerns.This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

What if your next listing appointment helped you build wealth too?

In this episode of The Perfect RIA, Matthew Jarvis and Catherine Tindall, CPA ,explore the intricate world of tax strategies specifically tailored for financial advisors. Their conversation cuts through the complexity of S-Corp structures and tax planning, offering practical wisdom for professionals looking to optimize their financial approach. Catherine brings her expertise to the forefront, challenging traditional thinking about retirement planning and business investment. The discussion reveals how financial advisors can make more strategic decisions about compensation, business structure, and tax optimization. Rather than following conventional wisdom, they explore how reinvesting in one's business can potentially create more value than standard retirement contributions. Matt and Cathering dive into critical areas often overlooked by financial professionals, including the nuances of reasonable compensation, the importance of meticulous documentation, and the strategic implications of different income sources. The S-Corp Advantage: What You Need to Know with Guest Catherine Tindall [Episode 303] Resources in today's episode: - Matt Jarvis: Website | LinkedIn - Catherine Tindall, CPA: LinkedIn | Website - Fleischer Case

In this episode of the Machine Shop MBA series, we go beyond vision boards and get into the meat and potatoes of launching your shop legally—with the right entity type and structure to support your short and long-term goals. Whether you're looking to stay solo, bring on partners, or position for future investment or acquisition, your business formation choice can be the foundation—or the friction—of your growth.  In this episode, the team dives deep into the critical, yet often overlooked, process of legally forming a manufacturing business. The hosts, alongside experts Nick Vargosko and Brad Botcher from CliftonLarsonAllen, break down the most important steps in choosing the right legal entity, from sole proprietorship to S-corporation and LLCs. They also touch on how these decisions will impact your long-term goals, including potential exits and tax benefits. Why does the structure of your business matter? It's all about protecting your personal assets, optimizing your tax strategy, and setting your business up for future growth or eventual sale. The team discusses real-world examples and offers insights into what business owners often miss when it comes to entity selection. With the right foundation, your machine shop can thrive, but getting it wrong early could mean expensive and painful mistakes down the road. Tune in as we walk you through the legal nuts and bolts of starting your shop, with expert advice on how to build a business that can scale and survive. If you're planning on making chips, don't miss this critical episode that could shape the future of your manufacturing business. Segments (0:00) Introduction to Episode 2 of the Machine Shop MBA series (1:12) Learn how you can grow your top and bottom-line with CLA (3:50) Introducing Nick Vargosko and Brad Boettcher (5:39) The importance of long-term thinking in business formation (10:02) Overview of what a Sole Proprietorship is (12:02) Breaking down LLCs and the different election options (15:30) LLC vs Sole Proprietorship: Which one should you choose? (16:35) Why you need to complete the Top Shops survey (18:14) What to do if you chose the wrong structure (19:07) The difference between S-Corps and C-Corps (28:02) When to choose a partnership (and why it might offer flexibility) (29:47) What do you need to do to change your structure?  (31:32) Horror stories when things have gone wrong (38:01) Why you need to check out Buy the Numbers Resources mentioned on this episode CliftonLarsonAllen (CLA) Take The Modern Machine Shop Top Shops Survey Connect with Nick Vargosko on LinkedIn Connect with Brad Boettcher on LinkedIn Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Maybe you're at a stage in your career where you're looking to pivot away from freelancing and into something new. Emma and I are considering this ourselves! In this episode, we get into how to think about what's next for you post-freelancing, get out of your own way when it comes to limited beliefs, and take real, incremental steps toward something new.This season is brought to you by Collective, and they're giving you your first month free! Just use code FWCP at checkout.Tax season is stressful—no doubt about it. Are you overpaying? Are you even doing it right? It's a headache, but here's the good news: you don't have to figure it all out alone. Collective is built exclusively for solopreneurs and is here to help. If you're a freelance writer, you could be leaving major savings on the table by not having an S Corp. Collective helped me make the switch last year, and they handled everything—S Corp election, bookkeeping, payroll, taxes—you name it. Now, I get to focus on what I love, without stressing over receipt tracking and tax forms.

What if you could pay yourself tax-free using your own home? In this episode of The Rich Somers Report, Rich sits down with Karlton Dennis, tax strategist and founder of Tax Reduction Company, to break down one of the most overlooked tax-saving strategies for business owners—the self-rental loophole, also known as the Augusta Rule.Rich and Karlton discuss:How to rent your personal residence to your business and collect tax-free incomeThe specific documentation and setup required to make this strategy audit-proofCommon mistakes entrepreneurs make when trying to implement tax strategiesWhy mindset matters just as much as tax code when building long-term wealthHow to think like a CFO and stop overpaying the IRS year after yearKarlton shares practical examples of how high-income entrepreneurs and real estate investors are using advanced strategies like the Augusta Rule, S-Corp structuring, and entity stacking to build generational wealth. If you're ready to stop leaving money on the table and start using the tax code to your advantage, this episode is a must-listen.Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

Do you know the biggest hidden drain on your wealth? It's not bad investments, risky business moves, or even extravagant spending. It's tipping the government—paying more taxes than you actually owe.And that's just one of the four silent killers of efficiency that are quietly eating away at your financial future.I recently had the privilege of hosting an epic Montana Mastermind Skiing Adventure, where 25 high-level entrepreneurs came together to mastermind, ski, and talk shop. One of our guest speakers was my brother from another mother, the legendary Garrett Gunderson—New York Times bestselling author, wealth strategist, and straight-up financial genius.Garrett dropped some serious knowledge on the Four I's of Efficiency, a framework he shares with his millionaire and billionaire clients. And I'm about to break it down for you—so buckle up, take notes, and let's make sure you keep more of what you earn.These four areas are where most entrepreneurs unknowingly lose thousands (or even millions) of dollars over their lifetime. Fix these, and you'll be on your way to financial freedom.IRS – Stop Tipping the GovernmentThe IRS is the number one silent wealth killer. Taxes are likely your biggest business expense, yet most entrepreneurs don't have a solid tax strategy in place. If you're just handing over whatever your CPA tells you to pay, you're probably leaving a ton of money on the table.How to fix it:Be proactive, not reactive. Most CPAs are just paper pushers—they file your taxes but don't actively strategize for you. Work with a tax planner who can help minimize what you owe.Optimize your business structure. Whether you're an LLC, S-Corp, or C-Corp, your choice of entity can save (or cost) you thousands every year.Maximize deductions. Home office, travel, business meals, health insurance—if it's a legitimate business expense, make sure it's written off.Leverage advanced tax strategies. Cost segregation on real estate, R&D credits, retirement plans—these aren't just for big corporations. They're for you, too!Happy Hustle Takeaway: The tax code is designed to benefit entrepreneurs. Learn the rules, play the game, and keep more of your hard-earned money—ethically, of course.Interest – The Hidden Cost of BorrowingDebt is sneaky. It's not just about what you borrow—it's about how much interest is quietly stacking up against you.How to fix it:Know your rates. If you've got debt above 8% interest, that's a red flag. Credit card debt at 20%+? That's straight-up robbery.Refinance smart. If rates drop or your credit improves, renegotiate your mortgage, car loan, or business debt.Pay off high-interest debt first. Prioritize the most expensive debts and get rid of them ASAP.Use low-interest business credit instead of personal credit. Protect your personal score and leverage better financing options.Happy Hustle Takeaway: Every dollar wasted on interest is a dollar you could be using to fund your dream life, travel, or invest in your next big idea.Investment Fees – The Silent Wealth DrainCompounding fees can quietly eat away at your investment returns over time. Even a "small" 1% management fee can cost you hundreds of thousands of dollars over decades.How to fix it:Audit your investment accounts. Check your 401(k), IRAs, brokerage accounts—what are you actually paying in fees?Shift to low-fee funds. Index funds and ETFs usually have lower fees than mutual funds.Work with fee-only advisors. Avoid financial "advisors" who earn commissions from selling you products. Pay for advice, not someone's hidden agenda.Happy Hustle Takeaway: Compound interest can make you rich, but compound fees can keep you broke. Know what you're paying and eliminate unnecessary costs.Insurance – Protect Yourself Without OverpayingInsurance is crucial, but overpaying for coverage you don't need is just as bad as not having enough coverage.How to fix it:Conduct an annual insurance audit. Prices change, and so do your needs. Make sure your coverage is still the best fit.Insure for the catastrophic. Cover the big stuff—like life-altering events—not minor expenses.Raise your deductibles. This can significantly lower your premiums.Eliminate redundant coverage. Make sure you're not paying for overlapping policies.Happy Hustle Takeaway: Insurance is peace of mind, but it shouldn't drain your bank account. Be strategic and only pay for what truly matters.By optimizing these four areas, you'll not only stop the leaks but also create a stronger financial foundation for yourself and your business.If you want to dive deeper into these strategies, don't miss this episode. Trust me, this knowledge is worth thousands—probably more—so tune in and start Happy Hustlin your way to financial freedom!Connect with Cary!https://www.instagram.com/caryjack/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.thehappyhustle.com/bookSign up for The Journey: 10 Days To Become a Happy Hustler Online Coursehttps://thehappyhustle.com/thejourney/Apply to the Montana Mastermind Epic Camping Adventurehttps://thehappyhustle.com/mastermind/“It's time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!”Episode Sponsor: Magnesium Breakthrough from BiOptimizers (https://bioptimizers.com/happy)If you've been on a restricted diet lately or maybe even taken some meds to shed those pounds for the summer, I gotta warn ya—be careful! You might have unknowingly created a nutrient deficiency that could not only mess with your health but also jeopardize those weight loss goals.Did you know that over 75% of Americans are already deficient in magnesium? Yeah, it's wild! Magnesium is this powerhouse mineral that's involved in over 600 biological reactions in your body. It helps with everything from sleep to stress management to hormone balance—all key players in keeping your weight on track.And if you're still on those meds, you might be dealing with some side effects like sleepless nights, digestive issues, or irritability, which can totally throw off your commitment to your goals. Whether you're taking meds or not, setting up healthy habits is crucial to maintaining your weight over time. One of the best things you can do? Make sure you're getting all the magnesium your body needs.Don't let a magnesium deficiency derail your progress! Give Magnesium Breakthrough by BIOptimizers a shot. Unlike other supplements, this one's got all 7 forms of magnesium that your body can actually absorb, so you get the full spectrum of benefits.This approach will help you crush your goals and maintain a healthy weight while keeping your overall health in check. For an exclusive offer, head to bioptimizers.com/happy and use the promo code 'happy10' at checkout to save 10%. And if you subscribe, you'll snag amazing discounts, free gifts, and a guaranteed monthly supply.