Podcasts about s corp

In this coaching conversation, Loral walks Arthur through the fundamentals of building wealth using smart S Corp tax strategy. She explains why shifting from W-2 income to corporate income creates better deductions, bigger retirement contributions, and more long-term financial control. From setting up LLCs for rental properties, to hiring your kids legally, to restructuring income for healthcare savings, to offsetting capital gains with depreciation, this episode lays out exactly how S Corp tax strategy can change the direction of your wealth. If you want clarity on the right structure for your business and investments, this is required listening.Loral's Takeaways:Real Estate and Tax Strategies Discussion (00:00)Transitioning to S Corp and Tax Benefits (04:19)Health Insurance and Independent Contractor Benefits (05:41)Legal and Contractual Considerations (07:40)Tax Planning and Investment Strategies (08:41)Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment. Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems: https://integratedwealthsystems.com/Affiliate Sign-Up:

Disclaimer: This is a sponsored episode. Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show.  

I'm sharing a powerful, eye-opening moment from a therapy session that totally flipped how I saw myself as a leader and a business owner. Spoiler: People-pleasing isn't a virtue—it's actually selfish.

I'm sharing a powerful, eye-opening moment from a therapy session that totally flipped how I saw myself as a leader and a business owner. Spoiler: People-pleasing isn't a virtue—it's actually selfish.

Send us a textYear-end is the last chance to lock in major tax savings for your business.In this episode, Mike walks through the exact steps business owners need to take now, from S Corp requirements and accountable plans to AGI phaseouts, QBI planning, and the Augusta Rule.You'll also learn how to hire your kids correctly, hit retirement deadlines, use timing strategies as a cash-basis filer, harvest tax losses, and document every move so you enter tax season clean, organized, and ready.

Most LLC owners are paying themselves the wrong way—and it's costing them thousands every year. In this episode, we break down exactly how to pay yourself the right way, avoid IRS trouble, and legally lower your taxes. You'll learn the difference between owner draws, guaranteed payments, and how an S-Corp election can unlock major tax savings. We also share real-life examples of small business owners who saved over $18,000 a year with smart tax strategies. Whether you're a solo entrepreneur or running a team, this episode gives you clear, actionable finance advice to keep more of what you earn. Listen now to make sure you're not one of the 90% doing it wrong.   Next Steps:

Profit First with Megan Schwan   Most owners chase revenue and wonder why cash keeps disappearing. In this episode, Rocky sits down with Megan Schwan—CEO of Sidekick Accounting and a certified Profit First Professional—to unpack the simple systems that turn chaos into cash: clean books, pricing discipline, expense sweeps, and a short list of actionable KPIs. If you want fewer surprises and fatter reserves, start here.   In This Episode, You'll Learn:  Why "good books" are your #1 tax saver—and the foundation for pricing and fraud control. How Profit First creates guardrails, gut-checks overspending, and builds real reserves. The expense analysis that finds instant profit (and all those "I thought I canceled" subs). The handful of KPIs to watch: break-even, month-end bank balance trend, gross & net margins, plus 1–2 lead metrics. Why owners must read the balance sheet (AR, debt, cash) to explain the "profit but no cash" mystery. S-Corp myths vs reality: costs, payroll, compliance, and when it doesn't save you a dime. The mindset gap: let data overrule fear and emotion—especially in weird markets.   Key Takeaways:  Clean books first; dashboards second. Messy inputs = misleading decisions. Profit First is a behavior system that forces lean ops and automatic reserves. Trim subscriptions and non-ROI spend quarterly. Every line needs a purpose. Track few, not many: break-even, margin, cash trend, and one lead indicator. Entity choice is strategy—don't elect S-Corp on hype; do the math.   Bio: Megan Schwan is the CEO and Founder of Sidekick Accounting Services, a national, virtual accounting firm working to change the statistic that 8 out of 10 small businesses fail. For over a decade, Megan and her team have educated 1000's of owners on their business accounting and taxes in order to create sustainable and successful businesses. Being in the accounting industry for over 2 decades, Megan has seen and experienced plenty of businesses' red flags and triumphs.   Links: Website: www.sidekick-accounting.com  LinkedIn: https://www.linkedin.com/in/meganmschwan/  Facebook: https://www.facebook.com/mmschwan/  Instagram: https://www.instagram.com/mompreneurof4/   Conclusion: Revenue is loud. Cash is quiet. Use Profit First to build guardrails, clean up the books so pricing and KPIs tell the truth, and revisit entity and expenses with a strategic eye. A 20-minute weekly review beats a 20-hour crisis. Start small; stay disciplined; let the numbers lead.   #ProfitFirst #CashFlow #Bookkeeping #SmallBusiness #KPIs #PricingStrategy #Entrepreneurship #CFO #TaxPlanning #BusinessSystems   Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page  Relay Bank (affiliate link): https://relayfi.com/?referralcode=profitcomesfirst Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

On today's episode of the podcast I'm talking about terrible advice I see on the internet and how to avoid it. I'm only sharing 10 of the terrible pieces of advice I often see on the Internet, but I could have made this a multi-part episode. 1. Don't form an LLC until you hit $30,000 in revenue. - I hear lots of mythical revenue markers but there's no magic number because LLCs provide liability protection at any revenue. The more money you make, the more liability you're likely open to because you're more working with more clients which can lead to more problems. The longer you wait the more hassle it is to form an LLC. 2. Form an S Corp right away. - When you form an S Corp you are legally required to put yourself on payroll, pay yourself a reasonable recurring salary, and have profit leftover in your business which you can't do if you aren't making money when you start right away. 3. Just use LegalZoom. - I'm not a huge fan for many reasons including lack of added benefits. They ask you questions to fill out a form you can fill out for free yourself online. They charge you to get an EIN when you get your EIN for free on the IRS website. 4. Just do it yourself. - If you scroll through social media I frequently see people say "use LegalZoom" or "do it yourself" or "go work with a lawyer." I suggest somewhere in-between. The problem with doing it yourself is we've seen clients who did it incorrectly. Once you file, you need to maintain your LLC compliance requirements including back franchise taxes. I believe in a well-rounded approach of doing it yourself, with guidance which is why I started creating courses. 5. You don't need trademarks. - This is kind of like telling someone you don't need health insurance. You hope you'll never need to enforce it, but if you need to use it and don't have it, it's a problem. 6. Trademark everything. - It depends on who you are as a business owner and what you're launching. 7. Don't trust templates. - The person who writes the contract template understands your industry, your business, and these templates are typically based on contracts they've custom written for clients. 8. You don't need to do that. - This can refer to a lot of things, but I see it often with things like BOI (Beneficial Information Ownership reports), testimonial requirements, website compliance, etc. Too often people think these laws are for big corporations like Amazon or Target and not small businesses like us, but we see it happen to small businesses all the time. 9. Just write it off. - Not everything is a tax deduction! You need to be using it for business. And writing it off doesn't make it free. Focus on buying things that have a high ROI. 10. You can pay $0 in taxes. - Not every strategy is helpful, even if it's not fraudulent. You may end up owing more in the long run and all tips don't apply to all businesses.

In this episode of the HVAC Know It All Business Edition Podcast, co-hosts Gary McCreadie and Furman Haynes discuss the foundational steps of starting your own HVAC business with Robin Henry, Owner of Pinnacle Building Performance and Ian Schotanus, The HR Guy and Co-owner of The Big Picture Consulting. From forming an LLC to hiring your first employee and handling subcontractors, the conversation focuses on the gritty, real-world decisions entrepreneurs must make. The episode features firsthand accounts from Robin Henry and Ian Schotanus, delivering both practical and legal perspectives on launching and scaling an HVAC business.   Expect to Learn: The real-life journey of launching an HVAC business from scratch. Legal and tax differences between sole proprietorship, LLC, and S Corp. When and how to hire your first employee or consider using subcontractors. Practical field decisions like truck outfitting, insurance, and storage options. How administrative responsibilities grow and how to manage them efficiently. Timestamps: [00:00:00] - Introduction & Why Start an HVAC Business [00:03:37] - Legal & Tax Steps for Starting Out [00:05:51] - Risk Management & Insurance Must-Haves [00:08:45] - Field Startup Essentials: Tools, Truck, and Branding [00:12:08] - Storage Solutions & Work-Life Separation [00:16:26] - Navigating Local Licences and Utility Rebates [00:18:55] - Hiring Your First Employee vs. Using Subs Follow Guest Robin Henry on:  LinkedIn: https://www.linkedin.com/in/robin-henry-3a460482 Facebook: https://www.instagram.com/pinnaclebuildingperformance/?hl=en Instagram: https://www.instagram.com/workhero__ Company's Linkedin: https://www.linkedin.com/company/pinnaclebp Company's Website: https://www.pinnaclebuildingperformance.com/about-us/   Follow Guest Ian Schotanus on:  Company's LinkedIn:  https://www.linkedin.com/company/the-big-picture-consulting Company's Website: https://thebigpictureconsulting.com/about-us Company's Instagram: https://www.instagram.com/thebigpictureconsulting/   Follow the Hosts: Follow Furman Haynes on:  LinkedIn:  https://www.linkedin.com/company/workherohvac/ Facebook: https://www.facebook.com/p/WorkHero-61562122449748/ Instagram: https://www.instagram.com/workhero__    Follow Gary McCreadie on: LinkedIn: https://www.linkedin.com/in/gary-mccreadie-38217a77/  Website: https://www.hvacknowitall.com  Facebook: https://www.facebook.com/people/HVAC-Know-It-All-2/61569643061429/   Instagram: https://www.instagram.com/hvacknowitall1/   

Navigating the world of business taxes can feel like walking through a minefield of conflicting advice and flashy marketing promises. In this eye-opening episode, Preston and George Azar pull back the curtain on S-Corp elections, revealing the nuanced truth behind those tantalizing internet ads claiming massive tax savings. Support our show sponsors -> https://freelancetofounder.com/sponsors Submit your own question -> https://freelancetofounder.com/ask Connect with George -> ⁠https://brightbudget.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Most business owners set up an LLC and think they're done—but the wrong tax structure could be draining $15,000 to $30,000 a year from your profits. In this episode, Tiffany Phillips explains how sole proprietorships, S-Corps, and C-Corps really work, and how each impacts your taxes. You'll learn how to legally pay less, avoid self-employment tax traps, and make smarter business structure decisions that protect both your assets and your wallet. If you've ever been confused about LLCs versus S-Corporations, or why your CPA hasn't mentioned changing your election, this episode will make it crystal clear.   Next Steps:

Before You Close Your Books This Year, Make These 3 Tax-Saving Moves When it comes to taxes, most entrepreneurs are winging it and paying the price. I'm joined by my friend and tax attorney, Braden Drake, who breaks down the must-know tax strategies that can save you thousands and help you feel confident about your business accounting. Whether you're already making six figures or simply want to feel prepared when it comes to bookkeeping, Braden is here to demystify LLC vs. S Corps, deductions, and the smartest year-end money moves you can make. In this episode, we tackle the common tax mistakes online business owners make, how to structure your business for long-term savings, and what you can do right now to set yourself up for a stress-free tax season. HERE ARE THE 3 KEY TAKEAWAYS FROM THIS EPISODE: 1️⃣ Stop Mixing Business & Personal Finances – One of the most common (and expensive) mistakes entrepreneurs make is skipping a separate business bank account. Keep your finances clean and organized to avoid audit headaches and missed deductions. 2️⃣ Understand the S Corp Advantage – Braden explains exactly how switching from an LLC to an S Corp (when your profit hits around $60K–$100K) can save you thousands each year and why getting this wrong could trigger IRS red flags. 3️⃣ Don't Spend Just to “Save” on Taxes – The smartest entrepreneurs don't buy their way into write-offs. Instead, they focus on year-end strategies that actually build wealth, like opening a retirement account, catching up on bookkeeping, and planning for profit with intention. RESOURCES MENTIONED IN THIS EPISODE: Get your copy of Unf*ck Your Biz: A Step-by-Step Framework to Get Your Legal and Tax Shit Legit Subscribe to Unf*ck Your Biz Check out Gusto Get your copy of Profit First by Mike Michalowicz MORE FROM BRADEN Learn more about Braden's offerings at notavglaw.comFollow Braden on Threads and Instagram: @notavglaw  MORE FROM ME Follow me on Instagram @amyporterfield SUBSCRIBE & REVIEWIf you loved this episode, please take a moment to subscribe and leave a review on Apple Podcasts! Your support helps us reach more entrepreneurs who need these insights.

Send us a textMost S Corp owners follow the right steps, but still pay more tax than they should. A business earning over 300K can lose thousands simply by underusing core strategies.In this live case study, Mike Jesowshek, CPA, reviews a seven-figure business with an S Corp structure, a salary in place, and a record year of profit. You will see why this owner paid 30K in taxes and how that number can be reduced.If you feel like your tax plan has stopped working, this breakdown gives you a clear blueprint for moving from basic strategies into advanced tax planning.

You've set up your LLC, you're running an established business, and things are moving along, but are your financial habits actually helping you grow and is your LLC protecting you the way you think it is?    In this episode, Danielle Hayden, reformed corporate CFO and CEO of Kickstart Accounting, Inc., breaks down the five hidden mistakes that hold LLC owners back and shows you how to build the right habits to protect your business, pay yourself confidently, and prepare to scale into an S Corp when the time is right. Key Takeaways:  Separate Your Business and Personal Finances: Mixing personal and business expenses can "pierce the corporate veil" and undo your legal protections. Keeping everything separate not only protects your assets, it also keeps your books clean and your numbers clear. Pay Yourself Intentionally with Owner's Draws: If you're not paying yourself regularly, it's easy to dip into business funds without realizing it. Taking consistent draws helps you stay disciplined and sets the foundation for switching to payroll when you become an S Corp.  Save for Taxes Every Single Month: You pay taxes on your profits, not just what you take home. Setting aside 25–30% of your net income for taxes keeps you from being blindsided at tax time. Review Your Numbers Monthly: If you're not looking at your profit, cash flow, and expenses every month, you're running blind. Regular reviews help you catch errors, make smart decisions, and identify when it's time to level up to S Corp status. Keep Educating Yourself: Knowledge is power—and profit. Understanding deductions, tax rules, and best practices can save you thousands and help you confidently step into your CEO role. Topics Discussed: (00:00) Intro: What an LLC Is and Why It Matters for Your Taxes  (02:32) Mistake 1: Co-Mingling Business and Personal Funds  (03:40) Mistake 2: Not Taking Owner's Draws (03:24) Mistake 3: Not Saving for Taxes (05:16) Promo Break: Kickstart's "Check Your Books" Service (07:34) Mistake 4: Ignoring Your Numbers or Not Regularly Reviewing Financials (08:29) Deciding When to Elect for S Corp Status (09:04) Mistake 5: Not Educating Yourself (09:55) Real Life Client Success Story (11:12) Action Step: Audit Your Current Habits (11:47) Outro: Like, Share and Subscribe!   Related Episodes: YouTube Playlist | Small Business Tax Tips: Deductions, Entity Types, 1099s, & IRS Strategies Ep. 189 – LLC vs. S Corp: Which Is Right for Your Business? Ep. 115 – Entrepreneurs: Should You Go S Corp? Pros & Cons + Expert Insight   Resources: Check Your Books | kickstartaccountinginc.com/checkyourbooks    Book a Call with Kickstart Accounting, Inc.: https://kickstartaccountinginc.com/book-a-call/    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

You've set up your LLC, you're running an established business, and things are moving along, but are your financial habits actually helping you grow and is your LLC protecting you the way you think it is?    In this episode, Danielle Hayden, reformed corporate CFO and CEO of Kickstart Accounting, Inc., breaks down the five hidden mistakes that hold LLC owners back and shows you how to build the right habits to protect your business, pay yourself confidently, and prepare to scale into an S Corp when the time is right. Key Takeaways:  Separate Your Business and Personal Finances: Mixing personal and business expenses can "pierce the corporate veil" and undo your legal protections. Keeping everything separate not only protects your assets, it also keeps your books clean and your numbers clear. Pay Yourself Intentionally with Owner's Draws: If you're not paying yourself regularly, it's easy to dip into business funds without realizing it. Taking consistent draws helps you stay disciplined and sets the foundation for switching to payroll when you become an S Corp.  Save for Taxes Every Single Month: You pay taxes on your profits, not just what you take home. Setting aside 25–30% of your net income for taxes keeps you from being blindsided at tax time. Review Your Numbers Monthly: If you're not looking at your profit, cash flow, and expenses every month, you're running blind. Regular reviews help you catch errors, make smart decisions, and identify when it's time to level up to S Corp status. Keep Educating Yourself: Knowledge is power—and profit. Understanding deductions, tax rules, and best practices can save you thousands and help you confidently step into your CEO role. Topics Discussed: (00:00) Intro: What an LLC Is and Why It Matters for Your Taxes  (02:32) Mistake 1: Co-Mingling Business and Personal Funds  (03:40) Mistake 2: Not Taking Owner's Draws (03:24) Mistake 3: Not Saving for Taxes (05:16) Promo Break: Kickstart's "Check Your Books" Service (07:34) Mistake 4: Ignoring Your Numbers or Not Regularly Reviewing Financials (08:29) Deciding When to Elect for S Corp Status (09:04) Mistake 5: Not Educating Yourself (09:55) Real Life Client Success Story (11:12) Action Step: Audit Your Current Habits (11:47) Outro: Like, Share and Subscribe!   Related Episodes: YouTube Playlist | Small Business Tax Tips: Deductions, Entity Types, 1099s, & IRS Strategies Ep. 189 – LLC vs. S Corp: Which Is Right for Your Business? Ep. 115 – Entrepreneurs: Should You Go S Corp? Pros & Cons + Expert Insight   Resources: Check Your Books | kickstartaccountinginc.com/checkyourbooks    Book a Call with Kickstart Accounting, Inc.: https://kickstartaccountinginc.com/book-a-call/    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

Good news for small business owners! Dr. Friday explains the now-permanent 20% qualified business income deduction and who can benefit. Transcript G'day, I'm Dr. Friday, president of Dr. Friday's Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Businesses get lots of tax breaks—most of them are maybe more permanent than others. Some are going to disappear. But one that we did like, that was made permanent, was the 20% qualified business income deduction for us self-employed independent contractors, S Corps, LLCs. This is where we get a percentage of the profits that we make kind of as a deduction on our return so we can reinvest that back into our businesses. It's a great way for us to get a little bit of an incentive to be more profitable, to make more money, pay a little more taxes, and get a rebate. 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

In this episode of The Liquidity Event, AJ and Shane cover everything from shattered mirrors to shattered housing markets. AJ shares an update on her book deadline and upcoming Thanksgiving travel while Shane recounts a chaotic morning involving a Roomba and a broken mirror. The duo unpack the hidden tax pitfalls of S-Corps in New York City, debate credit card rewards and travel perks, and react to the Frontier Airlines CEO telling customers to buy a backup ticket. They also dive into the strange slowdown in new home sales, the Trump administration's proposed 50-year mortgage, Elon Musk's massive pay package, and whether the AI boom is already bubbling over. Timestamps (00:00) Welcome, introductions, and AJ's end-of-year check-in (01:00) Shane's Roomba disaster and chaotic morning (02:30) AJ's book update and Thanksgiving travel plans (04:00) Delta, Marriott, and Chase credit card strategy for the holidays (08:45) Why S-Corps don't make sense in New York City (12:20) Frontier Airlines CEO tells customers to buy a backup ticket (15:15) AJ on the government shutdown and SNAP benefits (18:15) Housing market troubles and unsold new builds (23:10) The Trump administration's 50-year mortgage proposal (29:45) AI, crypto, and whether the boom is just another bubble  

Maximize Your Business Tax Savings with Expert Tips from Douglas Carpenter Books4hospitality.com About the Guest(s): Douglas Carpenter is a seasoned financial expert with over 40 years of experience in the industry. As a Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA), Douglas started his career as the youngest registered stockbroker in America at the age of 17. He has worked at a top four accounting firm and held various consulting and chief financial officer roles. Currently, Douglas owns and operates Comprehensive Accounting Solutions, providing a full spectrum of accounting services, particularly for small businesses and the hospitality sector. Episode Summary: In this engaging episode of The Chris Voss Show, Chris talks with Douglas Carpenter, a renowned CPA and CFA, about smart financial strategies for businesses as the year-end approaches. Douglas shares his extensive knowledge on tax-saving tactics, business accounting, and financial planning, aiming to help business owners maximize their tax returns and keep more money in their pockets. As tax season looms on the horizon, Douglas's expert advice is especially pertinent. Throughout the conversation, Douglas delves into various strategies for minimizing tax liabilities, discussing everything from different business structures like S Corps and C Corps to the importance of understanding cash flow and business accounting. He offers insights into how businesses can leverage opportunities for tax deductions, highlighting the need for strategic financial planning throughout the year. The importance of having a knowledgeable tax advisor is also emphasized, with Douglas warning against the risks of poorly managed finances and tax filings. Key Takeaways: End-of-Year Tax Strategies: Business owners should focus on maximizing their tax efficiency before the end of the year, utilizing strategies such as HSA contributions, equipment purchases, and appropriate salary distributions. Business Structure Insights: Choosing the right business structure (e.g., S Corp, C Corp) is crucial for tax efficiency and should align with your overall financial strategy. Professional Financial Advice: Engage a qualified CPA for expert financial advice and ensure you are not overpaying on taxes. Relying on professional help can unveil potential savings. Importance of Documentation: Meticulous record-keeping and proper documentation of business expenses are essential and can lead to significant savings if managed correctly. Cash Flow Management: Douglas highlights the critical nature of cash flow management for businesses, asserting that understanding and predicting cash flow are crucial for sustaining and growing a business. Notable Quotes: "Billionaires do pay taxes. They don't overpay taxes. You shouldn't overpay your taxes either." "What are you going to do different next quarter that you didn't do this quarter?" "Fulfill your obligations, but don't pay more than you absolutely have to. There's a lot more that people leave on the table than they realize." "Don't cheat on your taxes. It's not worth the risk when you can save in legal ways." "Cash flow is the lifeline of any business. Knowing where your business stands today and where it's headed is crucial."

Are you building something beautiful—but feeling overwhelmed by the business side of things? You're not alone. So many founders and creatives avoid the legal foundations—contracts, LLCs, trademarks—because it feels intimidating, expensive, or out of reach. But avoiding structure only weakens the foundation beneath your magic.In this conversation with attorney Morgan Ipanema, founder of Ipanema Law Group, we explore how legal protection can be an act of self-respect, clarity, and power. Morgan brings a refreshing, grounded approach to the law—making it accessible, transparent, and empowering for small business owners.Whether you're just starting out or restructuring what you've built, this episode will help you see that legal strategy isn't something to fear—it's one of the most powerful tools you have for scaling your business with confidence, sovereignty, and integrity.TOPICS COVERED:

Starting a business seems funs until you get into the nitty gritty of the tax side. Here is what you should know before deciding to become an S Corp.Do you have tax debt? 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:   / taxrelief   

Most business owners are wasting thousands of dollars every year because they're set up under the wrong business structure. In this episode, we cut through the noise and show you the real truth about LLCs and S Corps. You'll learn when an S Corp actually saves you money—and when it backfires. We'll break down the math, explain how self-employment tax works, and share smart strategies that could mean thousands in tax savings. You'll also discover the hidden costs of switching too soon and how to know your true break-even point. If you've ever asked, “Should I become an S Corp?” this episode gives you the clear, direct answer. Don't let bad cpa advice or generic tax tips cost you thousands. Tune in now to learn how to make smarter money decisions and keep more of what you earn.   Next Steps:

Does the business side of design intimidate you? Many creatives dream of launching their own interior design business but freeze when it comes to legal paperwork, contracts, licenses, or financial planning. It feels complicated—almost like a foreign language that wasn't covered in design school.The truth is, understanding the legal and financial setup isn't as scary as it sounds. When you have a clear checklist and guidance, you can turn your creative passion into a legitimate business that clients trust.In this episode, I'm breaking down the non-negotiable legal and financial must-haves to help you build your business on a solid foundation. From your EIN and business license to contracts and bookkeeping systems, you'll have a clear checklist for setting up your design business legally and professionally—so you can stop second-guessing yourself and finally take confident action.What You'll Learn in This Episode✔️ The essential legal steps for launching your interior design business✔️ How to apply for an EIN and why it protects your privacy✔️ Choosing the right business structure: LLC, S-Corp, or Sole Proprietor✔️ The importance of licenses, permits, and business insurance✔️ Why contracts are non-negotiable for every client relationship✔️ Setting up business banking and payment systems for clean finances✔️ How to shift your mindset from hobbyist to confident CEORead the Blog >>> Essential Steps to Set Up Your Design Business LegallyNEXT STEPS:

Send us a textIf you've ever paid for business expenses out of pocket, like your phone bill, internet, or home office, and wondered if you can get reimbursed without paying more tax, this episode is for you.In this episode, you'll learn how an Accountable Plan lets business owners legally reimburse themselves and their employees tax-free. You'll also discover the 4 key rules every plan must follow to stay IRS-compliant, and the most common mistakes that lead to audit trouble.

In this episode, Erica welcomes Julie Maison, a Chief Communications Officer for nonprofits and churches. This episode is an open Q&A session where Erica answers questions many new business owners have, including accounting concepts like cash and accrual basis accounting, the differences between an LLC and S-Corp, and the importance of accurate bookkeeping. 00:00 Introduction 00:54 Meet Julie Maison: Communications Expert 02:08 Julie's Journey to Entrepreneurship 04:20 Navigating the Challenges of a New Business 09:55 Understanding Accounting Basics 10:58 Cash vs. Accrual Accounting Explained 17:32 Planning for Financial Success 19:35 Example of Setting Aside Money for Taxes 20:11 Owner's Distribution vs. Salary 23:51 Owner's Distribution Framework 25:43 Sole Proprietorship vs. S Corp 30:05 Strategic Cash Flow Planning 32:43 Common Financial Mistakes 37:28 Retirement Savings for Entrepreneurs EricaGoode.com ____________________ Resources Referenced: Ep4 - Ep7 Consultants & Money: Business Money 101 series Ep86 - Retirement Plans for Consultants ____________________ Connect with Julie | LinkedIn | Website Connect with Erica | LinkedIn | Website | Newsletter

Starting an interior design business is exciting—but if you're like most designers, the legal side of things can feel overwhelming. Should you stay a sole proprietor, form an LLC, or register as an S Corp? What does any of that even mean for your taxes, liability, or peace of mind?In this episode, I sit down with Jonathan Feniak, attorney and co-founder of LLCAttorney.com, to talk about how to choose and form the right business entity for your interior design business. Jonathan breaks down the legal side of starting and running a design firm, explaining how to protect yourself with the proper business structure and why liability protection and insurance are essential for every designer. He also walks us through the natural progression many creatives take, from sole proprietorship to forming an LLC or S Corp, and how to know when it's time to make that shift.Whether you're just starting your design journey and ready to set up your business the right way, or you're an established designer questioning whether your current setup still fits, this episode will help you get clear and confident. You'll walk away knowing exactly how to protect your assets, stay legally compliant, and make smarter financial decisions for your interior design business.Featured GuestJonathan Feniak is the lead attorney behind LLCAttorney.com, a company dedicated to making quality legal guidance accessible to small business owners. Specializing in LLC formation, business compliance, and asset protection, Jonathan helps entrepreneurs create strong legal foundations that empower their businesses to thrive. With decades of experience across finance, operations, and law, he combines real-world business insight with expert legal advice to simplify complex legal decisions for creatives and entrepreneurs.What You'll Learn in This Episode✳️ The difference between a sole proprietorship, LLC, and S Corp—and how each affects your taxes and liability✳️ Why insurance often matters more than your business entity when you're just starting out✳️ How to know when it's time to switch from a sole proprietor to an LLC or S Corp✳️ Why forming an LLC can make your design business look more professional and credible✳️ The most common mistakes designers make when setting up their businesses legally✳️ Simple steps to stay compliant and protect your personal assets✳️ How to avoid piercing the corporate veil and losing your liability protectionRead the Blog >>> >>> LLC or S Corp? How to Choose the Right Business Entity for Your Interior Design BusinessNEXT STEPS:

Are you paying more in taxes than you should? Chances are, yes. Most business owners are losing thousands every year because their CPA only files returns instead of creating a smart tax strategy. In this episode, you'll learn five powerful tax strategies every LLC owner should know—ones that could legally save you $15,000 or more. From startup cost deductions and home office write-offs to vehicle expenses, marketing deductions, and the S-Corp election, we're breaking down exactly how to keep more of your hard-earned money. You'll discover why tax planning isn't just for the wealthy, and how simple steps can create immediate savings for your business. Stop leaving money on the table. Listen now to uncover the tax secrets your CPA isn't sharing—and start taking control of your business finances today.   Next Steps:

Send us a textA single medical bill can wipe out your profits. But health expenses don't have to drain your cash flow. In this episode, you'll learn three powerful ways to turn your medical costs into legitimate tax deductions. From self-employed health insurance and Health Savings Accounts (HSAs) to Section 105 reimbursement plans and employee health benefits, these strategies can help business owners save thousands while staying fully IRS-compliant.

As a small business, your salon company has options when it comes to paying taxes. But are you chosing the right one? Whether you're in a parternship, an S corp or a C corp, the best entity for your business might not be the same as the salon across town, or even the same as it was a few years ago when you had four chairs instead of eight. For the second in our Financials 101 series, Boyum Associates accounting wiz Chris Wittich breaks down everything you need to know to make an informed decision. You'll hear:The differences between Schedule C, partnerships, S Corps, and C CorpsWhy S Corps are often the go-to for salons—and when it's time to make the switchHow state laws and the new FICA tip credit can impact your decisionThe importance of paying yourself a “reasonable salary” as a salon owner (and what that really means)Why setting up an LLC is a smart move, even if you're just starting outCommon mistakes salon owners make with their taxesGet more tips and reach out to Chris Wittich at salon.cpaLearn more about the FICA tax tip credit and tax-free tips!  Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry.

S-Corp highlighted a recent report by economist Don Schneider quantifying the tax relief millions Americans can expect in the next year as a result of the OB3. It's a big number, so we invited Don, the Deputy Head of US policy at Piper Sandler, to explain why this could be the biggest refund season ever. Don also reviews the future of tariffs (and why they're likely here to stay even if courts weigh in) and shares his thoughts on why the government shutdown might end in early November. 

Paden Squires' approach centers around fostering financial clarity for entrepreneurs at every stage of their journey. By implementing actionable strategies, such as guiding startup founders through critical tax decisions or optimizing advanced structures for established businesses, he ensures clients avoid overwhelm and maintain focus on their long-term vision. His systems encourage business owners to streamline operations, reduce burnout, and align their tax planning with broader goals for sustainable and meaningful growth. Crucial to his philosophy is empowering individuals with practical playbooks that demystify complexity without losing sight of purpose. Whether assisting in the transition to S Corp status or helping navigate multi-state regulations, Paden's advice is rooted in clear, step-by-step methods that support both financial efficiency and clarity of mission. He understands that financial management, when approached proactively, can serve as a foundation for building resilient companies and confident leaders. If you're seeking to simplify your finances while fueling growth, learn more about Paden Squires' strategies and services. Discover how tailored tax planning and financial systems can elevate your business and support your long-term goals. Visit his website here. For the accessible version of the podcast, go to our Ziotag gallery.We're happy you're here! Like the pod?Support the podcast and receive discounts from our sponsors: https://yourbrandamplified.codeadx.me/Leave a rating and review on your favorite platformFollow @yourbrandamplified on the socialsTalk to my digital avatar Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Choosing the right entity taxation is not just a startup decision, it's a lever that can create or erase six figures as your business grows. In this episode, Jaime and Katina discuss the difference between an S Corp and a C Corp, how LLCs fit into the picture, and why entity choice should be reviewed over time, not just once when you file paperwork. Katina explains the tax implications of each structure, including when C Corp double taxation is actually worth it, how reasonable compensation works for S Corp owners, and the five-year lock-in rule when switching. We also talk about the types of businesses that should consider each approach and why service-based businesses often start with S Corp but shouldn't assume they'll stay there forever. If your business has grown and you've never re-evaluated your entity structure, this episode will help you know what to revisit with your CPA or CFO. This episode is for educational purposes only and not legal or tax advice.

Are you structuring your business the right way — or making costly mistakes that could be draining your profits? In this episode of the Main Street Business Podcast, Mat Sorensen and Mark J. Kohler team up to answer your questions on taxes, legal structures, and real-world strategies for small business success. Together, they uncover the truth about LLCs, S-Corps, and the $50K rule that determines when to make the switch.From transferring real estate into an LLC safely to understanding what truly qualifies as business income, this discussion covers the practical steps every entrepreneur should take to protect their assets, reduce taxes, and stay compliant. You'll also learn how to pay yourself properly, avoid due-on-sale issues, and maximize wealth through smart entity planning.If you're serious about building your business the right way and keeping more of what you earn, this is an episode you can't afford to miss!You'll learn:How to decide when it's time to convert your LLC to an S-Corp — and how the $50K rule really worksHow to transfer real estate into an LLC without triggering the due-on-sale clause or losing financing optionsThe difference between true business income and passive income (like royalties, rentals, and trading profits)How to pay yourself correctly as a business owner — and avoid IRS red flags with payroll, draws, and distributionsSimple bookkeeping and payroll strategies to stay compliant and ready for tax seasonHow to use smart entity structuring to protect your assets and save thousands in self-employment taxesPractical tips for maximizing retirement contributions through Solo 401(k)s and Mega Backdoor Roth strategiesGet a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!! Here's the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description-link&utm_content=msbp597-smart-strategies-to-pay-yourself&utm_campaign=main-street-business-podcast Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Welcome back to The Entrepreneur's Journey. In this episode, Jason Gabrieli sits down with John Cavanaugh, CPA and tax attorney at Firenze Advisors, to discuss the foundational role that legal entity structure plays throughout the life of a business—from launch to scale to exit. They explore common pitfalls, how to adjust structures as businesses grow, and key planning considerations for exits, succession, and estate transitions. If you're a business owner thinking about growth or preparing for a future sale, this episode is packed with practical knowledge.Tune into this episode to also learn:● Why your legal entity structure isn't just paperwork—but the core of your business.● How and when to shift from LLC to S-Corp or C-Corp status.● The role of installment sales, trust planning, and QSBS in reducing tax liability.● What business owners often overlook when preparing for a sale or succession.What we discussed● [00:01:36] Why entity structure is foundational—and what most owners overlook.● [00:03:16] How and why business structures should evolve over time.● [00:05:06] The niche John fills: strategic planning across legal and tax.● [00:06:54] Real estate and multi-entity structures: liability and tax traps to avoid.● [00:09:01] Debt, partners, and why cross-collateralization needs careful planning.● [00:10:40] Transitioning a business: selling to outsiders vs. keeping it in the family.● [00:13:03] What surprises owners during due diligence and how to be prepared.● [00:16:45] Why planning ahead matters: using trusts and state residency smartly.● [00:18:11] Charitable trust and life insurance planning to reduce estate tax.● [00:20:31] Holding company structures: when and why to consider one.● [00:24:31] What clients usually miss: books, documentation, and cleanup.● [00:26:24] Installment sale example that saved significant taxes.● [00:30:07] Managing wealth post-sale and preserving it for future generations.● [00:32:06] The power of looking at your structure every 2–3 years.3 Things To RememberYour legal and tax entity structure should evolve as your business grows.Planning for sale or succession starts years in advance—don't wait.Holding companies, trusts, and installment strategies can drastically reduce taxes and protect assets.Useful LinksConnect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedInLike what you've heard… Learn more about HFM HERE Schedule time to speak with us HERE

As a young doc, it can seem like everyone has something to sell you. Many physicians can end up with a whole life policy that they don't actually need, and that policy can have a loan against it without you really knowing what's happening. Nate Reineke and Chelsea Jones break down why these policies are often sold in the first place, how the loans work, and how you can get out of them. They also give some suggestions on what you can do with that money once you escape the trap. We also answer your colleagues' questions. A webinar attendee asked, “Should I make a retirement budget or use 80% of my current expenses when calculating how much I need to save?” A double doc family in West Virginia says both of us work at a University and have a plan with a mandatory 6% contribution. Is this outside the $23,500 limit in 401(k)'s (or other plans)? An emergency med doctor in Tennessee wants to know if he should set up an S-Corp instead of being a sole proprietor, and if he can pay his wife a salary for the work she does to help him. A Psychiatrist in West Virginia just relocated and has some cash leftover from the sale of their home. They want to know where the best place is to put this? Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It's time to make a plan and get on track. To find out if we're a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

I'm chatting with Tracy Hoth about simplifying things. I talk about this topic a lot, but today, we're coming at simplification from a different angle. Get a FREE MONTH with the Inventory Genius Calculator - https://www.ciarastockeland.com/inventory-genius-calculator Work with Me - https://www.ciarastockeland.com/work-with-meVisit the Bookstore - https://www.ciarastockeland.com/bookstoreSign Up for Free Weekly Tips and Trainings - https://www.ciarastockeland.com/subscribe Connect with Tracy:Website https://simplysquaredaway.com/Free 15 Minute Declutter Challenge http://simplysquaredaway.com/declutterFree Digital Files Training https://simplysquaredaway.com/5filesThe Organized Coach Podcast https://simplysquaredaway.com/podcast/LinkedIn https://www.linkedin.com/in/tracyhoth/Instagram https://instagram.com/tracyhoth More About the Episode Sponsor:T&O Strategic Advisory (http://www.tostrategicadvisory.com/) - Offering a wide range of tax and accounting services, including entity election and S-Corp advisory.

Heading into tax season unprepared can be costly—missed deductions, lost paperwork, and sometimes, a surprise check to the IRS. But it doesn't have to be that way! In this episode, Danielle Hayden, reformed corporate CFO and founder of Kickstart Accounting, Inc., shares the ultimate year-end checklist every business owner needs to save on taxes, protect their business, and walk confidently into tax season. From organizing your paperwork to making smart tax moves and maximizing personal financial strategies, Danielle gives you practical steps you can take before December 31st that can make a big difference in the new year. Key Takeaways:  Get Your Paperwork in Order: Before December 31st, ensure all your partnership agreements, legal documents, and W9s are signed, stored, and ready. It'll save you major headaches during tax season. Use the January 1st Advantage: The first of the year is the best time to make big structural changes, like starting an LLC, switching payroll providers, or filing for S Corp status. This avoids partial-year filings and confusion. Pay Your Kids (Properly!): You can pay your children for legitimate work in your business and enjoy tax advantages while teaching them financial responsibility. Take Advantage of Accountable Plans: Reimburse yourself consistently for things like your home office and cell phone. It's an important benefit that shouldn't be skipped, even in slower years. Review Personal Tax Opportunities: Before year-end, check your 529 plans, HSA, and FSA balances and make contributions to maximize your deductions and savings. Max Out Retirement Contributions: Don't forget to fund your retirement plan! Whether it's a 401(k), SEP IRA, or solo 401(k), you're building wealth beyond your business. Meet with Your Tax Accountant Early: Schedule a pre-tax-season check-in to confirm your estimated payments, review your strategy, and avoid surprise penalties. Don't Spend Money Just to Save on Taxes: Avoid the trap of prepaying expenses or buying things you don't need. Focus on building a healthy, sustainable, profitable business instead. Topics Discussed: (00:00) Intro + Critical Paperwork to Get In Order for Year-End (02:24) Setting Up or Switching Your Business Structure for 1/1: LLC, Payroll, S Corp Election (05:02) Paying Your Kids the Correct Way for Tax Benefits (06:36) Accountable Plan Reimbursements (07:24) Collecting W9s from Contractors (08:13) Personal Tax Strategies: 529 Plans, HSAs, FSAs, and Health Insurance  (11:13) Retirement Contributions and Your Different Options (12:31) Meeting with Your Tax Accountant (13:28) Smart Tax Planning Strategies to Avoid IRS Penalties and Spending Profit When You Don't Need To (15:36) Itemized Deductions, Charitable Contributions, and the Big Beautiful Bill's Effect on Depreciating Equipment (17:17) Outro: Kickstart's Free Year-End Tax Checklist, Like, Share and Subscribe!   Resources: Free Download | Ultimate Year-End Tax Checklist Related Episodes: Entrepreneurs: Should You Go S-Corp? Pros & Cons + Expert Insight – Ep 115 Can You Legally Hire Your Children?: How to Pay Your Kids, Get Tax Advantages, & Create Generational Wealth – Ep 137 Beyond the Business: Preparing for a Secure Retirement – Ep 188 KSA Tax Partners | https://ksataxpartners.com/    Book a Call with Kickstart Accounting, Inc.: https://kickstartaccountinginc.com/book-a-call/    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

I'm chatting with Tracy Hoth about simplifying things. I talk about this topic a lot, but today, we're coming at simplification from a different angle. Get a FREE MONTH with the Inventory Genius Calculator - https://www.ciarastockeland.com/inventory-genius-calculator Work with Me - https://www.ciarastockeland.com/work-with-meVisit the Bookstore - https://www.ciarastockeland.com/bookstoreSign Up for Free Weekly Tips and Trainings - https://www.ciarastockeland.com/subscribe Connect with Tracy:Website https://simplysquaredaway.com/Free 15 Minute Declutter Challenge http://simplysquaredaway.com/declutterFree Digital Files Training https://simplysquaredaway.com/5filesThe Organized Coach Podcast https://simplysquaredaway.com/podcast/LinkedIn https://www.linkedin.com/in/tracyhoth/Instagram https://instagram.com/tracyhoth More About the Episode Sponsor:T&O Strategic Advisory (http://www.tostrategicadvisory.com/) - Offering a wide range of tax and accounting services, including entity election and S-Corp advisory.

Attorney and entrepreneur Wesley Henderson shares practical legal insights every small business owner needs to protect their business and operate with confidence. Show Notes Page:  https://www.thehowofbusiness.com/584-wesley-henderson-legal-tips/ Disclaimer: The information in this episode is for general educational purposes only and does not constitute legal advice; listeners should consult their own attorney for guidance specific to their situation. From forming an LLC to crafting airtight contracts, this episode is packed with essential legal guidance for small business owners. Henry Lopez welcomes Wesley Henderson, a business attorney, entrepreneur, and founder of multiple ventures including Drafted Legal and Henderson & Henderson Law Firm. Wesley shares how his early career in corporate law led him to focus on helping entrepreneurs avoid costly mistakes and proactively protect their businesses. Together, Henry and Wesley explore critical legal fundamentals including when to form an LLC, how insurance differs from legal protection, and why clear contracts can prevent disputes before they start. Listeners will learn how to navigate partnerships, set up operating agreements, avoid “scope creep” with service contracts, and safeguard intellectual property. Wesley also explains the real difference between LLCs, corporations, and S-Corp elections and clarifying common misconceptions that confuse many first-time business owners. They also discuss trademarks, non-compete and non-solicit clauses, and how to use ChatGPT safely when drafting or reviewing legal documents. Wesley emphasizes the importance of doing the right things early, not just staying busy because the right legal foundation can save you from future financial and emotional headaches. “Contracts aren't just for protection,” Wesley explains. “They show professionalism and set expectations — they protect you and your clients.” This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Time is running out, and the IRS won't wait. In this episode, Tiffany Phillips, CPA and tax strategist, breaks down five powerful tax strategies you must act on before December 31. These aren't generic tax tips — they're real moves that can save you tens of thousands. You'll learn how a retroactive S-Corp election can cut self-employment taxes, how bonus depreciation turns business equipment into big deductions, and why paying family members through your business is a legal tax savings strategy. We'll also cover estimated payments to avoid penalties and how to prepay expenses for instant relief. This is practical, clear finance advice for business owners who want to keep more of their money. If you're ready to stop handing cash to the IRS, this episode is your wake-up call. Listen now — because once January 1 hits, these opportunities are gone.   Next Steps:

On the third episode of a 5-part tax series of the Dentist Money Show, Tom Whalen, CPA joins Matt to explain how to choose the right entity structure for your dental practice. They discuss why understanding the implication of an S-Corp election is important, highlighting the most common mistakes dentists make—and how to avoid them. They review the critical role of tax allocation and how to pay yourself a reasonable wage. If you missed the last two episodes of the tax series you can find them here and check out our 2025 year-end tax planning checklist for dentists for more guidance! Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

George Dimov, CPA, shares the biggest tax mistakes real estate investors make, why proactive planning matters, and how to build smarter portfolios.In this episode of RealDealChat, Jack sits down with George Dimov, CPA and founder of DimovTax.com, to discuss proactive tax planning, common mistakes investors make, and why accounting + real estate go hand in hand.George shares his journey from immigrant beginnings to building a tax practice that serves thousands of clients nationwide. He explains why he invests heavily in real estate himself, how tax strategies like cost segregation and 1031 exchanges really work, and why many accountants fail to guide clients beyond tax season.Here's what you'll learn in this conversation:The biggest lie real estate investors tell themselves about appreciationWhy many accountants don't help with tax planning year-roundCommon investor mistakes: emotional purchases & ignoring due diligenceHow CPAs view real estate vs other asset classesThe hidden risks of ignoring property management in rentalsWhy proactive planning in July beats rushing in AprilThree underutilized tax strategies for small business owners & investorsThe truth about short-term rentals, real estate professional status & auditsHow to pick the right business structure (LLC, S-Corp, C-Corp)Why AI won't replace accountants but will make relationships more important

In this episode, I break down a detailed case study for business owners making over a million dollars a year. Some highlights & notes:The importance of choosing the right business entity (S-Corp vs. Sole Proprietorship)Understanding safe harbor tax payments to avoid penaltiesSetting up the right retirement accounts, including solo 401(k)s and cash balance plansMaximizing deductions and expenses to reduce taxable incomeStrategies for managing cash flow and building wealth outside of your business-------✅ 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.

Episode 125: In the final Hoop Commitment Podcast episode, Kyle Jordan discusses the complexities of navigating taxes for college athletes, especially in light of the new NIL (Name, Image, Likeness) opportunities.  He shares the importance of understanding tax obligations, the benefits of forming LLCs or S-Corps, and strategies for managing finances effectively,Kyle shares insights on common misconceptions athletes have about taxes, the significance of write-offs, and the benefits of working with financial professionals to help athletes grow their wealth.  The conversation emphasizes the need for athletes to think of themselves as businesses and to plan for their financial futures. If you want to learn about compounding wealth, health and happiness, follow along at compoundcommitment.com, join one of the 30-Day Commitments and listen to my new podcast, The Compound Commitment.  The first episode launches Tuesday, October 7th!Kyle Jordan is the owner of a CPA firm that employs a team of 17 professionals and serves more than 3,000 clients across a broad range of tax and accounting services. A lifelong athlete and former high school basketball coach, Kyle has combined his knowledge in accounting with his passion for sports to build a specialized focus in the Name, Image, and Likeness (NIL) space. His deep understanding of both the athletic and financial landscapes has played a key role in the firm's growing reputation as a trusted advisor to collegiate and professional athletes navigating complex tax matters. A team is never just one individual. Kyle has a terrific team of accountants and CPAs working alongside him and collectively they are all in on helping athletes navigate tax and financial related matters.If you want to learn more about Kyle, check him out at: gameplantax.com  or email him at kyle@gameplantax.com 

How protected is your wealth if something goes wrong? In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with asset protection expert Adam Kintigh to share practical strategies every pilot and high-income professional should know. From real estate privacy trusts that cut transfer taxes to Wyoming LLCs that safeguard syndications, Adam explains how to structure your assets the right way. You'll learn why a clean tax return matters, how partnerships and S-Corps simplify filings, and why umbrella policies aren't enough. If you're growing wealth through rentals, syndications, or brokerage accounts, this episode shows you how to keep it safe and secure.Adam Kintigh is an asset protection strategist with over 24 years of experience, currently with Nevada Corporate Headquarters (NCH). He specializes in forming entities, estate planning, tax and accounting strategies, and business structuring for investors nationwide. Adam is an expert on practical, legally sound frameworks for protecting rental portfolios, drawn from decades of industry knowledge and client success.Show notes:(0:00) Intro(02:32) Why asset protection matters now(06:45) Real lawsuit examples and lessons(10:40) The truth about anonymity and privacy(13:44) First rental: when to start protecting(19:02) Insurance basics every pilot needs(27:33) Why true anonymity doesn't exist(30:08) Alternative structure to LLC stacking(37:10) How partnerships clean up tax returns(44:10) Correct way to hold syndications(49:07) Moving brokerage accounts into LLCs(51:27) OutroConnect with Adam Kintigh:

Send us a textWhat happens when you take a real small business owner, put them in the hot seat, and break down their tax strategy live? That's what we're doing in this episode.Eric runs a successful appraisal business, pays himself through an S-Corp, and last year wrote a $50,000 check to the IRS. Did he really have to? Mike digs into Eric's setup and reveals how simple shifts could slash his tax bill. From adjusting his salary to using the Augusta Rule, hiring kids, and planning for real estate, you'll see how the right strategy can cut thousands off your tax bill.

Send us a textMost business owners are driving right past thousands in tax savings without realizing it. In 2025, the IRS raised the standard mileage rate to 70 cents per mile, but that's only the beginning.In this episode, Mike breaks down exactly how to structure your auto deductions, avoid costly mistakes, and choose between the mileage method and actual expenses.

In this episode of The Dept., Omar sits down with Karlton Dennis, tax strategist, entrepreneur, and content creator. To unpack how he built an eight-figure business by blending tax strategy with personal branding. Karlton shares how he grew his YouTube channel from zero to 100,000 subscribers in just three months, why content is the ultimate trust builder, and how he turned videos into both cash flow and clients. They dive into smart tax strategies for entrepreneurs, from when to move from an LLC to an S-Corp, to making your lifestyle legally deductible, to building wealth through real estate. If you want to grow your brand, pay less in taxes, and scale your business with confidence, this episode is packed with practical insight and inspiration.

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Send us a textDo you have a home office? The desk you're sitting at could save you up to $1,500 a year in taxes.Many business owners skip this deduction because they think they don't qualify or fear an IRS audit. The truth is, most do qualify. One client of mine saved $1,100 in just 30 minutes by setting it up.In this episode, Mike Jesowshek, CPA, explains who qualifies, the two ways to calculate it, how to document properly, and the mistakes that cause business owners to miss out. You'll also learn how the home office deduction can unlock other tax savings like business mileage.

Why risk your business and hard-earned money with the wrong setup when you could be protecting yourself and saving on taxes? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down the critical steps every small business owner and new LLC owner must take to avoid costly mistakes. From choosing the right entity structure to understanding tax advantages, they reveal the insider strategies that keep more money in your pocket and safeguard your future.Discover how to set up your LLC the right way, when an S Corp might make sense, and how to keep your business compliant without overspending on fees. Learn practical legal and tax moves that help you reduce liability, maximize deductions, and protect your assets — so you can focus on growing your business with confidence.If you're serious about building a strong foundation for your company, this is an episode you can't afford to miss! Subscribe for more real-world strategies from Mark J. Kohler and Mat Sorensen, and get expert support for your business today through KKOS Lawyers and Main Street Business Services.You'll learn:Why setting up your LLC in the wrong state (like Nevada, Delaware, or Wyoming) can cost you extra fees and headaches — and where you really should fileHow to avoid exposing your home address by properly using a registered agent and company addressThe critical documents every LLC needs beyond the one-page state filing, including an operating agreement, membership certificates, and minutesWhy your LLC must have its own bank account, tax ID, and records to be treated as a separate legal entityHow the right tax election (like electing S Corp status) can save business owners thousands in self-employment taxes each yearThe importance of annual compliance — renewals, meetings, and minutes — and why outsourcing this can save time, stress, and penaltiesReal-world “cleanup” strategies for fixing LLCs that were set up wrong or neglected, so you can get back on trackGet a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!! Here's the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description&utm_campaign=10-LLC-mistakes Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!