Podcasts about small business taxes

Small business taxes don't have to be stressful! In this episode, Gusto's Shelly Abril and Holland King share expert insights on small business taxes. From payroll compliance to tax credits that could save you thousands, they break down what business owners need to know to stay prepared year-round and avoid costly mistakes. Tune in for actionable tips to make tax season easier and set your business up for success! Gusto Gusto's hourly paycheck calculator -- Helps business owners determine withholdings and calculate take-home pay for hourly employees. Gusto's Partner Directory -- Helps business owners find experienced accountants and bookkeepers who can help make their lives easier, based on keywords around their industry, preferred type of software, and location. You can also search based on the primary services you need (e.g. auditing, bookkeeping, financial planning, tax preparation, etc.)   Theme Music by Ali Schwartz and Meserole Sound

Happy Tax Season! We’re celebrating Season 3 of Grown-Up Stuff by filling you in on how to file your taxes. Hosts Lea Palmieri and Matt Stillo speak with Rus Garofalo of Brass Taxes about how you can save time, money, and your sanity as you tackle your taxes this year. From basic tax terms to loopholes and laws, Rus explains it all to have you feeling confident about your cash this year. For more information, visit BrassTaxes.com.See omnystudio.com/listener for privacy information.

Few things are as nerve-wracking as receiving an IRS audit notice—but how do audits really work, and what can you do to protect yourself? In this episode of Absolute Trust Talk, Kirsten Howe sits down with Anthony Kim, a former IRS Chief Counsel Attorney with 26+ years of experience, to reveal the truth behind IRS audits. Tony, who has litigated complex tax cases for the U.S. Treasury Department and represented Fortune 500 companies and high-net-worth individuals at Ernst & Young, shares insider knowledge on what triggers audits, the IRS selection process, and how to avoid common red flags. You'll learn why IRS audits are rarer than you think, the top mistakes taxpayers make, and why choosing the right representative—CPA or tax attorney?—could make or break your case. Plus, Tony drops a little-known IRS tip that could save you from missed notices and financial headaches. Don't leave your financial future to chance! Listen now to get expert advice on navigating an IRS audit with confidence.   Time-stamped Show Notes: 0:00 Introduction 0:57 Meet Anthony Kim: Former IRS Chief Counsel Attorney & tax expert 3:42 What triggers an IRS audit? Common red flags explained. 6:28 Whistleblower reports and third-party mismatches—how they lead to audits 7:46 The truth about audit risk: How rare are they, really? 8:43 Step one: How the IRS contacts you—don't fall for scams! 10:00 The one IRS form every taxpayer should file after moving 11:00 The biggest mistake taxpayers make—what NOT to say in an audit 15:32 The worst-case audit scenarios and how to avoid them 16:49 Why even a low-risk audit could turn into a criminal case 17:24 Who should represent you in an audit? CPA vs. tax attorney debate 21:38 What happens at the end of an audit—how decisions are made 22:47 How to challenge an IRS audit decision and file a protest letter

Money Plan/Budget Tracker: https://www.dakotagrady.com/subscribe/

This week, Gene Marks tries to sort through some confusion. First, he talks about Kamala Harriss's proposal to 10X a small business tax deduction, which sounds great except that it's not really going to help small businesses. And then he addresses the comments of a Houston CPA who asserts that small businesses have the best tax deal in America. Gene sees it a little differently.

On this episode of Living the Dream with Curveball, we tackle the often daunting world of tax debt with the expertise of author and tax debt specialist, Morgan Q. Anderson. With 25 years of experience negotiating with the IRS and handling tax debt cases across all 50 states, Morgan shares invaluable insights and practical tips for anyone facing tax troubles. From personal to business tax debt, Morgan breaks down the complexities of tax laws and offers solutions to help you regain control. Tune in for a conversation that promises to shed light on a topic that affects us all, and discover why there's always a solution to your tax debt problems.www.goldenliontaxsolutions.com

For small business owners, it's important to celebrate every success, but it's also important to remember that behind every accomplishment there are plenty of hardships, missteps, and valuable lessons. Going into business for yourself is not easy and often comes with economic ups and downs and hard-to-decipher tax codes - among many other challenges. That's why persevering and learning how to adapt and overcome any problems that arise is so important for every entrepreneur. On this episode, Austin and Jannese talk about the hurdles they faced and unexpected problems that arose in the initial phases of launching their businesses. Entrepreneur Taylor Randal of Softpaw Vintage details her journey of starting a business and sticking through the challenges to find success, even when an unexpected tax bill threatened to derail her entire enterprise.  Learn more about how QuickBooks can help you grow your business: QuickBooks.com QuickBooks for Solopreneurs For a recap from this week's episode visit: Episode 5 Recap with Taylor Randal of Softpaw Vintage Or learn more about this topic at this resource: 7 Cash flow problems & solutions for small businesses See omnystudio.com/listener for privacy information.

For small business owners, it's important to celebrate every success, but it's also important to remember that behind every accomplishment there are plenty of hardships, missteps, and valuable lessons. Going into business for yourself is not easy and often comes with economic ups and downs and hard-to-decipher tax codes - among many other challenges. That's why persevering and learning how to adapt and overcome any problems that arise is so important for every entrepreneur. On this episode, Austin and Jannese talk about the hurdles they faced and unexpected problems that arose in the initial phases of launching their businesses. Entrepreneur Taylor Randal of Softpaw Vintage details her journey of starting a business and sticking through the challenges to find success, even when an unexpected tax bill threatened to derail her entire enterprise.  Learn more about how QuickBooks can help you grow your business: QuickBooks.com QuickBooks for Solopreneurs For a recap from this week's episode visit: Episode 5 Recap with Taylor Randal of Softpaw Vintage Or learn more about this topic at this resource: 7 Cash flow problems & solutions for small businesses See omnystudio.com/listener for privacy information.

For small business owners, it's important to celebrate every success, but it's also important to remember that behind every accomplishment there are plenty of hardships, missteps, and valuable lessons. Going into business for yourself is not easy and often comes with economic ups and downs and hard-to-decipher tax codes - among many other challenges. That's why persevering and learning how to adapt and overcome any problems that arise is so important for every entrepreneur. On this episode, Austin and Jannese talk about the hurdles they faced and unexpected problems that arose in the initial phases of launching their businesses. Entrepreneur Taylor Randal of Softpaw Vintage details her journey of starting a business and sticking through the challenges to find success, even when an unexpected tax bill threatened to derail her entire enterprise.  Learn more about how QuickBooks can help you grow your business: QuickBooks.com QuickBooks for Solopreneurs For a recap from this week's episode visit: Episode 5 Recap with Taylor Randal of Softpaw Vintage Or learn more about this topic at this resource: 7 Cash flow problems & solutions for small businesses See omnystudio.com/listener for privacy information.

In this episode, I give you 7 ways to pay less taxes. And no, they don't involve anything like sketchy offshore bank accounts. I cover: Tracking your expenses and write-offs, reinvesting in your business, the difference between contractor and employee taxes, the difference between an LLC and an S Corp, investing in your retirement, using the qualified business income deduction, and working with a CPA.If you're filing small business taxes for the first time as a beginner, or even if you're a seasoned pro, you'll find helpful tax nuggets in this episode.In this episode, you'll hear…How to use company 401(k) matching to save for your retirement and pay lower taxesDifferent business expense write-offs that you might not know existedWhy filing as an S Corp might be the right choice for your businessClick here to find the full show notes and transcript for this episode.RESOURCES:Stay organized with QuickBooksBecome a better investor with BettermentRead my blog post about the 5 qualities your accountant must haveListen to Episode 77: Small Business Taxes 101 (Guest Interview with Little Fish Accounting)Listen to Episode 91: Business Expenses 101CONNECT:Sam on InstagramSam on FacebookOn Your Terms on InstagramDISCLAIMERProduced by NOVA Media

Ever worried about staying compliant with the IRS? New business owners often face confusion around tax regulations. This week on the Play Big Faster Podcast, host Scherrlie L. Prince chats with CPA and entrepreneur Charles J. Read, founder of GetPayroll. They delve into the world of tax compliance for small businesses. Learn the 7 essential steps to fight an IRS penalty and what to do if you receive a scary notice in the mail. Discover 5 key strategies to avoid employment tax pitfalls and gain peace of mind knowing your business is on the right track. This episode is a must-listen for new entrepreneurs, solopreneurs, and small business owners looking to navigate the often-complex world of taxes. If you're loving The Play Big Faster Podcast, here's how you can show some love back. Drop a rating and review on Apple Podcasts. Your feedback fuels this podcast's mission to empower more entrepreneurs like you to build the business they've always dreamed of. Simply click the episode link, scroll down, and hit those five stars. Don't forget to share what resonated with you the most about this episode! And, if you haven't already, hit that 'Follow' button. I've got a treasure trove of bonus content lined up, and you won't want to miss out. Your follow ensures you're in the loop for all the insider insights and entrepreneurial wisdom coming your way. Hit that 'Follow' button now! Thanks for being part of this incredible journey. Together, we're redefining what's possible in the world of entrepreneurship!  

It's tax season and for small business owners, this time of year can feel a bit stressful. Whether it's your first year in business or you've been at this for a while, the thought of sorting through all your finances can seem overwhelming. But here's some good news: it doesn't have to be as hard as it looks.Coming from someone who's both a licensed CPA and a small business owner, I get it! And having been on both sides, I've learned a few things about keeping things smooth and stress-free during tax time. So in this episode, I'm excited to share some of those insights and strategies with you that can help keep your finances in tiptop shape.If you're ready to tackle tax season head-on and find ways to make it easier, you're in the right place!Disclaimer: This information is for general informational purposes only and is not intended to be a substitute for professional financial, accounting, or legal advice. Please always seek the guidance of a qualified professional with any questions you may have regarding your specific situation!Key takeaways:The importance of keeping your finances in order all yearChoosing the best way to keep track of your moneyThe basics: what you need to keep an eye on with your money coming in & going outEasy tips to cut down on the stress of tax seasonWhen it's time to call in a pro like a CPA, to help with your business taxesClearing up confusion about tax write-offs and what they really mean for your businessHow planning ahead can help save you from surprises at tax timeSimple advice to help you feel more confident about handling your small biz financesMy Bookkeeping Basics CourseThis simple and easy to follow course is designed specifically for small business owners like you. It provides all the foundational tools you need to get your bookkeeping in perfect shape for tax time, focusing on organization over complex accounting and tax rules. Click here for more info and get started!ResourcesDETAILED DIARY SHOW NOTESPatreon: Access exclusive content, start or supercharge your biz growth, and be part of an inspiring community of supportive entrepreneurs by becoming a Patreon member! Check out more details here. Follow @detaileddiarypodcast to stay up-to-date about everything related to the podcast!

Love the show? Subscribe, rate, review, and share!Here's How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter

As entrepreneurs, understanding what counts as a business expense is crucial for our financial health and legal compliance. I'm here to clear up some common misconceptions and offer practical advice on how to navigate these often-confusing waters. Whether you're just starting out or you've been running your business for a while, this discussion is going to shed light on managing your business's finances effectively.In this episode, you'll hear…Insights into what qualifies as a business expense and debunking common mythsStrategies for effectively documenting and tracking business expensesUnderstanding the IRS criteria for deductible expensesHow to differentiate between deductible and non-deductible expensesGuidance on legal and tax compliance for entrepreneursClick here to find the full show notes and transcript for this episode.RESOURCES:The Ultimate Bundle™Business Expenses | Internal Revenue ServiceGet QuickBooksBlog Post: Can I Charge Business Expenses to My Personal Card?Episode 77. Small Business Taxes 101 [Guest Interview with Little Fish Accounting]Learn more about Little Fish AccountingCheck out Megan Naasz, CPAEpisode 17. 6 Legal Must Haves for Online BusinessesCONNECT:Sam on InstagramSam on FacebookOn Your Terms on InstagramDISCLAIMERProduced by NOVA Media

Are you an entrepreneur trying to navigate the financial maze of your online business? You're not alone. Many of us jump into the entrepreneurial world, passionate about our products and services, but often find ourselves lost when it comes to understanding the financial aspects. Today, I'm diving deep into the world of business finance, shedding light on areas where many entrepreneurs, even the seasoned ones, often falter.In this episode, you'll hear…The significance of financial literacy for entrepreneurs and how it can influence business decisionsStrategies for understanding and optimizing business finances, ensuring you're not just running a business, but a profitable oneThe art of being resourceful: how to make the most of available resources and investments to grow your online businessThe shift in online marketing strategies: the declining efficacy of Facebook ads and the resurgence of traditional organic growth methodsInsights from Evolved Finance's journey: the importance of perfecting a core offering before branching out and the value of patience in business growthIf you'd like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!Click here to find the full show notes and transcript for this episode.RESOURCES:Learn more at EvolvedFinance.comTake the FREE Evolved Finance Audio CourseListen to the Evolved Finance PodcastFollow Parker on Instagram: @evolvedfinanceEpisode 77. Small Business Taxes 101 [Guest Interview with Little Fish Accounting]CONNECT:Sam on InstagramSam on FacebookOn Your Terms on InstagramDISCLAIMERProduced by NOVA Media

PODCAST REVIEW GIVEAWAY - enter before Oct 8, 2023! Click Here to Enter!   You started a business, not a hobby, so you know how important it is to pay yourself consistently. In this episode of the Business Money 201 series discover business planning strategies that will help you do just that. This series builds on information that was presented in the Business Money 101 series. If you haven't listened to those 5 episodes yet, they start here: 3 - Financial Foundations Other recommended episodes: 22 - Cash flow Forecasting and Business Planning  25 - How to Pay Yourself From Your Business   Connect with Erica: Instagram  LinkedIn Email List  

Did you know there's a difference between work-from-home and remote work? While many use the terms interchangeably, there are important differences between the two when it comes to where your employees can work. Today's guest is ready to help you understand these distinctions and navigate the complex tax implications of hiring remote and work-from-home employees. Deanna Baumgardner, owner of Employers Advantage, provides insight into how to handle compliance with tax laws for employers that hire off-site workers. Do you follow tax laws of your location or where the employee is located? What if they take their computer with them on a trip to Europe? What laws are you bound to then? Join us in this compelling conversation that will help keep your business out of hot water.  

Episode 31:  In this episode, Timalyn focuses on preventative care for business owners.  Today, she'll focus on sole proprietor taxes.  She reminds her audience that over 90% of the clients she works with, who owe back taxes they can't pay, are business owners.  Many of these clients are single-member LLCs, also referred to as sole proprietors.  Let's listen to Timalyn as she continues her mission to fill the tax literacy gap, one taxpayer at a time. Spotting the Red Flag Timalyn begins by commenting about a common question she receives.  “I've filed my personal taxes, but can you file the tax returns for my business?”  This is a red flag.  Individual tax returns are due in April, but returns for a some corporations and partnership are due earlier.  If the person asking the question is a single-member LLC, the tax information related to the sole proprietorship should have been filed as part of the individual tax returns. What is a Sole Proprietorship? This classification refers to any business that's unincorporated.  Any individual who sets up an unincorporated business is considered to be a sole proprietor.  This would apply to an Uber or Lyft driver and many other types of individuals exchanging services for payment.  Many people don't actually realize they are a business, for tax purposes.  This can lead to confusion and potential problems down the road. What's the Difference Between a Sole Proprietorship and an LLC? A Limited Liability Company (LLC) is a state-designation.  There's no actual advantage relative to federal taxes when you're a single-member LLC.    A single-member LLC is the same as a sole proprietorship, at the federal level.  It changes if there are multiple members of the LLC. Timalyn explains the Federal 1040 tax form is used for both individuals and single-member LLCs.  However, the LLC will also file the IRS Schedule C, as part of the tax return.  This is what she referred to at the beginning regarding a red flag.  There is no separate tax return for a single-member LLC (also known as a sole proprietorship). The IRS Schedule SE is also an integral part of the tax return.  This is the form used to calculate the self-employment tax liability.  Timalyn recorded an episode on self-employment tax.  You can also watch her YouTube video explaining how to calculate the self-employment tax liability.  It's roughly 15.3% of income of your net income.  The tax rate for a sole proprietor is directly related to the tax rate for the individual's ordinary income.  You can use IRS Form 1040-ES to calculate your quarterly estimated tax payments.  Timalyn explains quarterly estimated tax payments in Episode 21.  If you're going to have a tax liability of $1,000 or more, you're required to make these payments.  Remember, we have a pay as you go system.  It has nothing to do with whether you received a tax refund last year.  If you make more than the IRS standard deduction, you're going to have a tax liability.  A Quick Tip for W-2 earners with a Side Hustle One way to deal with the issue of quarterly tax payments is to adjust your withholdings taken out of your W2-based paycheck.  This can relieve the pressure of having to make these manual payments.  Remember, if you're a sole proprietor this business income and your W2 earnings all go into the same pot for tax purposes.  For more information on filling out the IRS 1040-ES, watch Timalyn's YouTube video. State Obligations with a Single-Member LLC So far, Timalyn has focused on federal taxes.  Now, let's briefly transition to state taxes.  She uses Kentucky as a basis for the following information.  It's important to note that each state is different, so check with your state's Department of Revenue.  Kentucky requires single-member LLCs to submit an Annual Report by June 30th of each year.  This enables you to update or confirm basic information about your business.  In Kentucky, it also requires a $15 fee as of the time of this recording.    Kentucky single-member LLCs also include the Kentucky Form 725 with their end-of-year tax returns.  The current fee is $175.  Additionally, you may also have local tax requirements. Be sure to check with your local tax authority.  In the Louisville area, it's the Metro Louisville Revenue Commission.  Louisville requires businesses to submit Form OL-3, which is an occupational license.  The tax rate is 2.2% on your net profit.    In summary, single-member LLCs are sole proprietors and have specific forms required for taxes.  Rather than trying to know everything you need to know about taxes, Timalyn recommends you work with a qualified tax professional whom you trust.  They will be able to make sure the proper forms are accurately completed.  If you'd like help determining which type of tax professional to hire, please listen to Episode 23 and Episode 16. If you'd like to learn more, consider purchasing Timalyn's course:  Business Taxes 101.  She'll teach you about the other business entities and the obligations required for each.  Please consider sharing this episode with your friends and family.  There are many people dealing with tax issues, and you may not know about it.  This information might be helpful to someone who really needs it.  After all, back taxes shouldn't ruin their life either.   As we conclude Episode 31, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, Google Podcasts, and many other podcast platforms.   Remember, Timalyn Bowens is America's Favorite EA and she's here to fill the tax literacy gap, one taxpayer at a time.  Thanks for listening to today's episode. For more information about tax relief options, visit https://www.Bowenstaxsolutions.com/ . If you have any feedback, or suggestions for an upcoming episode topic, please submit them here:  https://www.americasfavoriteea.com/contact.   Disclaimer:  This podcast is for informational and educational purposes only.  It provides a framework and possible solutions for solving your tax problems, but it is not legally binding.  Please consult your tax professional regarding your specific tax situation.

99.9% of businesses across the U.S. are small businesses, with eight out of ten being owner-only businesses. In this episode of the One for the Money podcast, I share strategies that small business owners can consider to save on taxes. This episode is the second of two on the subject. I recommend you listen to episode 35 to hear other strategies. Listen to the end when I share an approach to tax deductions for vehicles used in your business.In this episode...Kids earning income [01:41]The power of a Roth IRA [04:18]The Augusta Rule [07:36]Tax deductions on vehicles in your business [11:08]Small businesses and paying familyBusiness owners can save on taxes by paying their children for work they do at the company in a family-run business. Sometimes the entire family is needed to keep a business viable. The whole family commonly runs family restaurants and family farms. In these instances, the children can be paid for the work they do for the business. Because the children will be earning an income, they must pay taxes at a certain level. As a reminder, that level is anything above the standard deduction of $13,850.If your children each earned $13,850, they would pay $0 in federal income taxes. That money could be used to help them pay for their own expenses, such as cars and clothes, all while your business gets a deduction for their salary. That's a much better thought than having the business owners receive their taxed income and pay for the same expenses.Child Roth IRAsOne of the best things you could have your kids do with this earned income is to fund a Roth IRA. With retirement accounts, you always have to pay income taxes. Of course, you'd want to pay taxes when it's to your advantage and when rates are lowest. The tax rate for children can be as low as $0. If your kid earns $6,500, they could contribute that to an IRA and pay nothing in federal income taxes. Because it's a Roth IRA, taxes on that money won't have to be paid again.The best thing you can do as an investor is to increase your time horizon. Having your kids set up a Roth IRA gives them decades more time for their investments to benefit from compound interest. While hiring a child may not be top of mind for many business owners, there can be a surprisingly broad array of tax and other benefits. The caveat is that the child must be doing age-appropriate work for a reasonable wage.Vehicle tax savings for small businessesIf you use a vehicle for your small business, how and when you deduct the business use for the vehicle can have significant tax savings. The cost of operating vehicles used for business activities is typically deductible, along with the cost of the vehicles as equipment. You can calculate expenses using the IRS' standard mileage rate for most vehicles. For 2022, that average is between 58.5 cents per mile and 62.5 cents per mile. The other option is to add up actual expenses, including gas and oil changes, tires, repairs, etc. The vehicle doesn't have to be owned by the company itself but can also be owned by the employee.If your business leases a vehicle, you can calculate the deduction using either the standard mileage or the actual expenses method. For new and pre-owned vehicles put to use in the tax year of 2022, the maximum first-year depreciation write-off is $11,200, plus an additional $8,000 bonus depreciation. If you use the vehicle for personal and business use, you can split the percentage between the two. Be sure to keep excellent records and speak with an accounting professional. Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.Resources & People MentionedSmall...

Small business owners have much to consider to maximize their tax savings. In this episode of the One for the Money podcast, I share strategies that small business owners can consider to save on taxes. As there are many strategies to consider, this will be the first of two episodes on the subject. In the tips, tricks, and strategies portion, I share an additional business tax strategy utilizing the home office deduction.In this episode...Small businesses and the economy [01:10]What are payroll taxes? [03:20]Saving for retirement as a business owner [04:58]Personal Defined Benefit Plans[10:29]The home office tax deduction [13:37]The importance of small businessesMost of us are familiar with prominent companies here in the United States, but the majority of companies in the U.S. are much smaller. In fact, 99.9% of businesses across the country are small businesses. Despite their minimal size, their importance cannot be understated. Over the past 25 years, small businesses have added nearly two out of every three jobs to the economy. Because of the incredible importance of such businesses, I want to share some provisions the tax code has that small businesses should know. Taxes for the self-employedNearly eight in ten businesses have no employees besides the owner. Often individuals are paid as independent contractors or 1099s. However, these individuals may want to add themselves to the ranks of business owners and incorporate instead of being paid as a 1099 employee. Being a corporation can save money on payroll taxes. Social Security and Medicare are the two most common examples of these taxes paid to the government for social programs. Collectively, they are called your FICA taxes. Employees contribute 6.2% to Social Security, and employers make a matching contribution. Employees also make a 1.45% contribution towards Medicare, which employers also match. Altogether that's 15.3% of a person's income being contributed before any state and federal income taxes.Taxes are even more expensive for the self-employed because they must pay both the employee and the employer contributions. Individuals who receive a W2 pay a total of only 7.65%, while sole proprietors pay double that. But, self-employed individuals can form a corporation, and the IRS allows corporations to pay employees a reasonable wage. The rest of the funds can be transferred as a quarterly distribution instead. There are expenses to consider and rules on reasonable wages and distributions, so you would want to enlist the work of accounting professionals with this area of expertise.Retirement plans for business ownersAs the business owner, you are solely responsible for saving for your retirement as there isn't a company making a matching contribution from your employer. Many business owners reinvest much of their money into their businesses but miss out on years of investments compounding in the stock market. Diversifying investments outside of your business is critical, and doing so early, even in small amounts. The best thing you can do to increase your investment returns is to increase your time horizon. Small amounts can grow to enormous sums given a lot of time. A self-employed individual has several options for saving for retirement, and choosing the right one ultimately depends on income. The simplest option is an Individual Retirement Account, either Traditional or Roth. These types of accounts are only taxed once with ordinary income taxes. You decide when. With a traditional IRA, taxes are applied in retirement. With a Roth, taxes are applied now. There are many factors to consider, so it's recommended that you check with a certified financial planner.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.Resources &

Ryan & Becca are joined today by Jamie Boyack, a Chartered Professional Accountant (CPA) from Aloha Friday CPA. She answers so many of our tax questions ranging from the differences between sole proprietor/single person LLC/S corp,  how to effectively keep track of expenses/income, collecting & remitting sales taxes, how to handle cash, common reasons small businesses struggle, what are costs of goods sold, & many more to list. Ryan & Becca learned quite a few things from this chat and we know you will as well. Please use our discussion as a start point for learning and ask your own accountant questions to ensure you're doing what is correct for your own business. Reach out to Jamie with any accounting services you may need help with and let her know your biggest takeaway from our discussion today. ResourcesTaxJar - What creates sales tax nexus in every stateSBA - State tax department resourcesAloha Friday CPA - Entrepreneur Virtual Experience (coming soon)Where you can find us for NCECA 2023-----Find more about Jamie's business below-----Website - https://www.alohafridaycpa.com/Instagram - @jamie_boyackFacebook - https://www.facebook.com/alohafridaycpa/Listener QuestionsSend us questions so we can answer anything you've been thinking about on a future episode. Send those through Instagram @wheeltalkpodcast or email us at wheeltalkpodcast@gmail.com.Sponsors - L&L KilnsThe durable kiln that potters trust to fire evenly & consistently. Find your L&L kiln at hotkilns.comSupport the show on Patreon for as little as $3 per month: https://patreon.com/WheeltalkpodcastBecca's Patreon: https://patreon.com/superpotladyFollow us on Instagram:@wheeltalkpodcast@rdceramics@5linespotteryVisit our website:www.wheeltalkpotcast.comWheel Talk YouTube ChannelSupport the show

What are the taxes small business owners need to know about?INCOME TAXIncome tax is the first tax small business owners need to be aware of. Once a year you file a tax return for your business and your personal income. These income tax returns will cover your federal income tax and state income taxes. You may get a request from your accountant to pay estimated quarterly taxes for your business. Listen to find out the remaining four taxes small business owners should know about when filing their taxes each year. John Briggs | Tax Geniusinfo@incitetax.com801-999-8295Visit our website @ Incite Tax Schedule A CallIRS Sucks T-shirts now for sale @ Incite Shop Follow us on…FacebookLinkedInInstagramTwitterYouTube

A podcast for entrepreneurs who started working for themselves to build companies that grow into thriving businesses, The Fish Food Podcast is here to provide bite-sized accounting and entrepreneurship advice in 20 minutes or less. With host and CPA Keila Hill-Trawick, tune in as each episode presents easily digestible tips and tricks for small business owners, from start-ups to established companies. So whether you're acting as your own accountant or looking for a new one, the Fish Food Podcast is for you!  RESOURCES:Like what you're hearing? Check out Little Fish Accounting at: www.littlefishaccounting.comFollow Little Fish Accounting on social media!IG | instagram.com/littlefishaccounting    The Fish Food Podcast is edited by Instapodcasts (visit at instapodcasts.com)

Welcome to the new version of the Fish Food Podcast, now on audio and video, making it even easier for you to get the accounting and tax advice you need!While we are here to talk making money, keeping as much of it as you possibly can, and tracking it appropriately for taxes, in this episode, host Keila Hill-Trawick answers some common questions about herself and Little Fish Accounting.From why Keila decided to leave corporate to who can benefit from her services, lean in and learn why Little Fish Accounting and the Fish Food Podcast are your new true partners in finance. KEY POINTS:- The inspiration behind Little Fish Accounting- What makes Little Fish Accounting stand out?- How does Little Fish Accounting help entrepreneurs?- Why is Keila Hill-Trawick so passionate about her work?- The biggest myths about financial experts QUOTABLES:“One of the reasons that I knew I could be good at it is because I care. And I know that kind of sounds cliche, but I realized that a lot of people that were in what are essentially ‘done for you' service industries are so focused on the task that they're not thinking about the experience.” RESOURCES:Like what you're hearing? Check out Little Fish Accounting at: www.littlefishaccounting.comFollow Little Fish Accounting on social media!IG | instagram.com/littlefishaccounting   The Fish Food Podcast is edited by Instapodcasts (visit at instapodcasts.com)

Are you unsure about what qualifies as a business expense? Confused about when you can start counting them or what happens to expenses incurred before registering your business? In this episode, we'll be diving into all of that and more. Learn about what business expenses you may be missing out on — and what things you may think are an expense but actually aren't. Let's make sure you're not missing out on any deductions for your business.In this episode, you'll hear…What business expenses are and why they are so misunderstoodWhether or not you can deduct expenses incurred before you register your business and which ones countCommon write-offs many online business owners miss (and things you think you can write off but actually can't)Click here to find the full show notes and transcript for this episode.RESOURCES:The Ultimate Bundle™Business Expenses | Internal Revenue ServiceQuickbooks // bookkeeping software. Organize and track your business expenses and income with this easy-to-use tool. Get 50% off with my link.Blog Post: Can I Charge Business Expenses to My Personal Card?Episode 77. Small Business Taxes 101 [Guest Interview with Little Fish Accounting]Episode 17. 6 Legal Must Haves for Online BusinessesResources & Links:If you'd like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!Read Sam's Blog for the latest legal tips, podcast episodes & behind the scenes of building her seven-figure business.Listen to our customer stories to see how getting legally legit has helped 1,000s of entrepreneurs grow their own businesses.Follow us on social media: Sam on Instagram, Facebook, On Your Terms on Instagram Subscribe and follow on all podcast platforms and activate notifications for new episodesKajabi // use Kajabi to sell your course, program, or even build your entire website. Get a 30-day free trial with my link.SamCart // what I use for my checkout pages and payment processing and LOVE. And no, not because it's my name.ConvertKit // what I use to build my email list, send emails to my list, and create opt-in forms &...

Wondering what it's like to work with a tax professional? In this episode, I continue last week's conversation about how to prepare for a stress-free tax season and invite Kenya Todd, our account manager, to lay out what it's like to work with Little Fish. Not only do we lay out what our year-round service, Tax Prep Suite, entails, but we also interview one of our clients, Nix Avant-Brown, about her experience with this service. In the interview, Nix tells us how using Tax Prep Suite helped her go from feeling beat down and completely financially disorganized to being motivated about taking control of her business finances by asking for help. Before wrapping up the episode with details on how you can sign up for Tax Prep Suite, I also answer a couple more specific tax questions.If you haven't already, check out part one of this conversation for everything you need to prepare for end-of-the-year taxes.Looking for tips, insights, and support with all your accounting needs? Then head over to  Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs, then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg 

Let's talk small business taxes. It's a confusing, occasionally frightening, topic for many business owners — and rightly so! I have Keila of Little Fish Accounting here to break down all the basics: Why taxes are so confusingHow you can track your expensesWhen to hire a bookkeeperHow to pay yourself from your businessBy the end of this conversation, you'll have a better grasp of what you need to know, and what you can leave to the experts.Click here to find the full show notes and transcript for this episode.RESOURCES:Learn more at littlefishaccounting.comOutsource Guide from KeilaHow to Find an Accountant for Your Online Business: My Top 5 Qualities to Look ForEpisode 58. Paying Yourself 101 [Everything Business Owners Need to Know]Follow Little Fish Accounting on Instagram: @littlefishaccountingTax Prep Suite from Little Fish: littlefishaccounting.com/tax-prep-suite Free Resource: Yearly Planning & Reflections Guide Resources & Links:If you'd like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!Read Sam's Blog for the latest legal tips, podcast episodes & behind the scenes of building her seven-figure business.Listen to our customer stories to see how getting legally legit has helped 1,000s of entrepreneurs grow their own businesses.Follow us on social media: Sam on Instagram, Facebook, On Your Terms on Instagram Subscribe and follow on all podcast platforms and activate notifications for new episodesKajabi // use Kajabi to sell your course, program, or even build your entire website. Get a 30-day free trial with my link.SamCart // what I use for my checkout pages and payment processing and LOVE. And no, not because it's my name.ConvertKit // what I use to build my email list, send emails to my list, and create opt-in forms & pages.DISCLAIMER: Although Sam is an attorney she...

Merry-almost taxes! This week I have a special episode where I'm sharing actionable steps to help you prepare for a stress-free tax season. I'm answering frequently asked questions about quarterly estimates, best practices when working with a tax professional, and what expenses you should deduct annually.In this episode, I'm sharing an overview of how taxes work and why the IRS prefers that you make an educated guess and 'pay on the go.' I'm also breaking down the different types of taxes that you need to be aware of, why staying on top of your bookkeeping will help avoid financial surprises at the end of the year, and what happens if you don't pay your quarterly taxes.Do you know the first two rules of deductible expenses? Worry not; I'm sharing what the IRS expects and why we should all be thoughtful of year-end spending versus deducting expenses just for the sake of it. Finally, I share a crucial tip for staying organized (hint: it's bookkeeping) and why honesty and transparency is vital when working with your tax preparer, especially if you want to minimize the amount of taxes you need to pay at the end of the year.Are you interested in working with Little Fish? Curious about our year-round service, the tax-prep suite? You'll want to tune in next week for part two of this conversation, where we chat with our account manager and spotlight a client success story.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg 

It seems like everyone in the business and entrepreneurship world is always moving on to new goals, and aiming for new heights.  However, I've always known that there was going to be a cap to Little Fish's growth because there are sacrifices I'm not willing to make for the sake of my team and the lives that I want us to be able to lead. And that's okay.In today's episode, I'm talking about what it means to intentionally reject never-ending growth and how you can do so with care and intention. I talk about optimizing the way we, as a team work, in order to meet our revenue expectations without burning out and how you can too.Then, I talk about the important role numbers play in determining your team size and how much effort you'll be putting into reaching your goals. Finally, I talk about getting honest with yourself about your goals and the life you want to live, and how change is always in the air if you want it.  This is an important conversation that isn't discussed much in the entrepreneurial space, so tune in and join us for this discussion.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram: www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

When I first started Little Fish, I had one mission – to make accounting information accessible and digestible for small business owners who are often left out of the conversation. I didn't have my branding figured out, I didn't have a clear target audience in mind, and I didn't even have a business plan or a real goal until this year. So this episode is for my listeners who have dreamed about starting a business of their own, but are remaining on the fence because they don't know where or how to begin. In this episode, I share why you don't need to have everything figured out before starting your business. Then, I walk you through the things you should prioritize as you continue to build your business. This episode is your permission to simply just start and go after the business you can't stop thinking about. Tune in, take notes, and know that you're not alone on this crazy, exciting journey of entrepreneurship.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

Confession: I don't like tracking my time. It's hard for me to clock in and clock out when I'm wrapped up in my day-to-day tasks. But in this episode, I'm making the case for tracking your time. Today, I share 3 reasons why you should track your time and the benefits you and your business will gain from doing so. Tracking your time reveals the gaps and needs in your business so that you can develop a more strategic plan of action. From reflecting on what you and your team have been able to focus on to developing realistic and accurate estimates, this episode is a must if you don't have a good grasp on the amount of time you're spending on your business.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

Did you know that 37% of small businesses outsource accounting and financial responsibilities? However, many of them report having bad experiences that make it difficult to trust a new provider. In this episode, I'm sharing what you need to look for when you're finding the right accountant or tax professional for your business. I share tips to help you navigate the process, the basic services to look for when hiring an accountant, and why you need to get transparent about the deliverables you're expecting from them. I also share why it's so important to look for an accountant or tax professional that is interested in having a long-term relationship with you and your business, and why that will benefit you in the long run. Tune in to this episode and learn how to find the right person to handle the financial responsibilities of your business.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comEpisodes Mentioned:What's The Difference Between an Accountant and a Bookkeeper Outsourcing Finance FunctionsFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

As the end of 2022 approaches, you'll hear a lot of your favorite influencers share the rush of squeezing in your end-of-year tax spending. This isn't sound advice, but it's common because it gives off the impression that it'll save you in tax deductions. In today's episode, I share why the “spending free” advice is just cash out the door. From what deductions really look like and why they don't equate to an even dollar-to-dollar amount, I share why you shouldn't follow the advice to go spend crazy just to fit in a deduction or two. This is an important episode, so tune in and listen to why you shouldn't follow this popular advice and what you should do instead if you're looking for beneficial and strategic tax deductions.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comPast Episodes Mentioned:Having Business Cash On Hand and Establishing Emergency FundsFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

Tax season is a notoriously stressful time of year. But what if I told you that by doing 3 simple things, you can eliminate the shock, surprise, and strain of it all? In this episode, I'm sharing the 3 steps you need to take in order to prepare for taxes throughout the year. This will help you alleviate worry during the already stressful tax season, so you can head into it confidently, knowing exactly what to expect. From why bookkeeping is the foundation to how to manage the contractors you hire, this episode is an incredibly valuable resource for business owners who normally feel overwhelmed by their taxes. So tune in, especially if you're feeling unprepared for the upcoming tax season. Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

Is a business owner, it's important to understand your federal, state, and local tax requirements. This will help you file your taxes accurately and make payments on time. The business structure you choose when starting a business will determine what taxes you'll pay and how you pay them.

In today's episode, we're discussing taxes. More specifically, we're reframing your beliefs around taxes by helping you understand why taxes are funds that never belonged to you. If you listened to last week's episode all about having cash on hand, this episode will help you understand why taxes are different from your business cash and how you can better prepare your business to handle them when tax season approaches. From how to have better insight on your taxes to why you should hire a professional to handle your taxes as a small business owner, this episode will give you the tools and resources you need to feel better prepared and more equipped to handle your taxes without the stress.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

A lot of business owners tend to make a clear distinction between their bookkeeper, their accountant, and their tax person. However, it is extremely valuable to have all your accounting and tax functions in one place instead of spreading it across experts. This is why in today's episode, I'm talking all about why small businesses can benefit from a more cohesive accounting and tax support. I share 3 benefits of having all your accounting and tax functions under one roof, from avoiding the hassle of being a middleman between your bookkeeper and tax specialist, to have a more cohesive and comprehensive look at everything regarding your finances. So tune in and take notes.Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.comFind us online:Website: www.littlefishaccounting.comInstagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctg

Ryan H. Law talks about small business taxes Episode 654: Small Business Taxes by Ryan H Law Ryan's goal is to teach financial planners, coaches, and counselors how to use simple, evidence-based action steps to provide outstanding client care.  He received his bachelor's degree from Utah State University in Family Finance. After he graduated he worked in the financial planning field for several years then decided to return to school.  He received his master's degree in Personal Financial Planning from Texas Tech University.  He is a Certified Financial Planner and an Accredited Financial Counselor He currently teaches at Utah Valley University in the Financial Planning program where he teaches financial counseling courses and runs their on-campus Money Management Resource Center.  He serves on the AFCPE (Association for Financial Counseling and Planning Education) Board of Directors where he has served as Treasurer and President.  The original post can be found here: https://ryanhlaw.com/small-business-taxes/  Indeed is the #1 source of hires in the U.S., according to TalentNest. Go to Indeed.com/STARTUP to get started  Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you an entrepreneur, or you're wanting to start your business, but the subject of small business taxes is confusing (or maybe terrifying!) to you? If so, today's episode will be such an important one, as we dive into all things that you wished your CPA knew when it comes to small business. Our special guests are Teran Sands and her husband Carson, who operate a CPA firm together and are a wealth of knowledge when it comes to taxes and accounting, especially as it relates to small businesses. As we're learning here at Pursuing HER Purpose, getting these pieces into place correctly from the start can save a lot of time, and a lot of headaches, so we're excited to learn more from Teran and Carson alongside you today! As mentioned in the episode, Teran and Carson have an amazing guide, What Your CPA Wants You to Know About Starting a Business, which we'd encourage you to get now! As well, please share your thoughts and feedback on this episode with us on Instagram, tagging @pursuingherpurpose and @whatyourcpawantsyoutoknow. It's episodes like these with small business experts that will really help you form the foundation for your company from the very start! Download the tax date freebie here: https://view.flodesk.com/pages/627556a91e8046b22025469eMEET Teran & Carson: https://www.instagram.com/whatyourcpawantsyoutoknow10% off at BETTERHELP: https://www.betterhelp.com/herpurpose Links & Resources:Teran & Carson's Website & Instagram Get Their Guide, What Your CPA Wants You to Know About Starting a BusinessLet's connect!Purposeful Week Planner: https://www.pursuingherpurpose.com/shop Our WEBSITE: https://www.pursuingherpurpose.comINSTAGRAM: https://www.instagram.com/pursuingherpurpose/MEET AMY: http://instagram.com/ameskiefer/MEET KAT: https://www.instagram.com/kat.herro/ MEET ABBY: http://instagram.com/abbyrosegreen/

Have you spoken with your CPA about the pass-through tax deduction? If not, then you might be missing out on the opportunity to write off a significant portion of your business income. In this episode, Gene Marks and special guest, Hal Rosen of Haynie & Company, discuss how small business owners who run sole proprietorships or S-corps can benefit from this substantial tax break. Podcast Key Highlights The Advantages of Hiring a Licensed CPA to Prepare YourTaxes CPAs are more familiar with business-related tax laws andpolicies. Continue reading The Pass Through Deduction: Can It Help Your Business? at .

ROI Podcast Disclosures: https://tinyurl.com/4xszxuea   Tune in today as Rob and Sue talk about the basics of small business taxes.     https://delavan-realty.com https://roi-fa.com https://roi-tax.com https://www.directorsmortgage.com/loan-officer/adrian-schermer

FREESTYLE FRIDAY: CREDIT REPAIR, SMALL BUSINESS TAXES, VISION, JOY AND EVENTSTune in for Freestyle Friday on The Kim Jacobs Show on January 14th at 11 AM EST to hear from some of our experts! Take a quick moment to subscribe now and turn your notifications on to receive an alert when we go live: HTTPS://YouTube.com/c/KimjacobsshowToday's episode is sponsored by:Snowlegal.comSilverShield-Security.comHunter-Everage.comLambfuneral.com#thebalancedoctor #kimjacobsshow #motherdreamer #explorepage #Expertadvice #actors #TipExperts #FreestyleFriday #ExpertAdvice #SelfHelp”

Josh Jalinski, The Financial Quarterback, is joined by Barbara Weltman, attorney, author, and public speaker who has been called "the guru of small business taxes” by The Wall Street Journal. She is a nationally recognized expert on tax and small business and a member of the J.K. Lasser Institute Team of Editors & Writers. She joins us to discuss end-of-year tax planning for individuals and small businesses. Her new book J.K. Lasser's Small Business Taxes 2022, just came out. She also serves as Staples.com's Small Business Tax Expert and is a member of the Small Business Advocate Brain Trust. She serves on the advisory boards for Small Business & Entrepreneurship (SBE) Council and is an adjunct professor at Manhattanville College, where she teaches Principles of Entrepreneurship. In this segment, Josh and Barbara talk about the loans and grant programs that became available as part of pandemic relief efforts and how small businesses can take advantage of the tax deductions. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Barbara Weltman, attorney, author, and public speaker who has been called "the guru of small business taxes” by The Wall Street Journal. She is a nationally recognized expert on tax and small business and a member of the J.K. Lasser Institute Team of Editors & Writers. She joins us to discuss end-of-year tax planning for individuals and small businesses. Her new book J.K. Lasser's Small Business Taxes 2022, just came out. She also serves as Staples.com's Small Business Tax Expert and is a member of the Small Business Advocate Brain Trust. She serves on the advisory boards for Small Business & Entrepreneurship (SBE) Council and is an adjunct professor at Manhattanville College, where she teaches Principles of Entrepreneurship. In this segment, Josh and Barbara discuss some of the tax tips that small businesses need to be aware including retirement plans, year-end bonuses, and benefits. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Barbara Weltman, attorney, author, and public speaker who has been called "the guru of small business taxes” by The Wall Street Journal. She is a nationally recognized expert on tax and small business and a member of the J.K. Lasser Institute Team of Editors & Writers. She joins us to discuss end-of-year tax planning for individuals and small businesses. Her new book J.K. Lasser's Small Business Taxes 2022, just came out. She also serves as Staples.com's Small Business Tax Expert and is a member of the Small Business Advocate Brain Trust. She serves on the advisory boards for Small Business & Entrepreneurship (SBE) Council and is an adjunct professor at Manhattanville College, where she teaches Principles of Entrepreneurship. In this segment, Josh and Barbara talk about the build-back better plan and what small businesses need to be prepared for. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Barbara Weltman, attorney, author, and public speaker who has been called "the guru of small business taxes” by The Wall Street Journal. She is a nationally recognized expert on tax and small business and a member of the J.K. Lasser Institute Team of Editors & Writers. She joins us to discuss end-of-year tax planning for individuals and small businesses. Her new book J.K. Lasser's Small Business Taxes 2022, just came out. She also serves as Staples.com's Small Business Tax Expert and is a member of the Small Business Advocate Brain Trust. She serves on the advisory boards for Small Business & Entrepreneurship (SBE) Council and is an adjunct professor at Manhattanville College, where she teaches Principles of Entrepreneurship. In this segment, Josh and Barbara discuss enhanced standard deductions and offer some tips for taking advantage of the tax benefits. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Barbara Weltman, attorney, author, and public speaker who has been called "the guru of small business taxes” by The Wall Street Journal. She is a nationally recognized expert on tax and small business and a member of the J.K. Lasser Institute Team of Editors & Writers. She joins us to discuss end-of-year tax planning for individuals and small businesses. Her new book J.K. Lasser's Small Business Taxes 2022, just came out. She also serves as Staples.com's Small Business Tax Expert and is a member of the Small Business Advocate Brain Trust. She serves on the advisory boards for Small Business & Entrepreneurship (SBE) Council and is an adjunct professor at Manhattanville College, where she teaches Principles of Entrepreneurship. In this segment, Josh and Barbara talk about why people should make sure to take their qualified charitable distribution (QCD) and RMD because different rules apply and you don't want to be hit with that tax bill. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Rushion McDonald talks to Laura Foos, Owner, of Foos Financial Services. Foos Financial Services provides Tax Preparation Services to individuals and specializes in Small Business Taxes.Rushion McDonald talks to Alisa Bowens-Mercado, Owner & Brewmaster of Rhythm Brewing Co. Affectionately known as "Lady Lager", she made history by becoming the first African-American, woman-owned beer brand in the state of Connecticut (4th in the Country).https://www.moneymakingconversations.comhttps://www.youtube.com/MoneyMakingConversationshttps://www.facebook.com/MoneyMakingConversations/https://twitter.com/moneymakingconvhttps://www.instagram.com/moneymakingconversations/Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Tax expert Eva Rosenberg is a certified public accountant, reputed tax writer, and the founder of TaxMama.com, with over thirty years of experience in the financial sector. Eva is the author of multiple books on taxes, including The Tax Anxiety Xperience – a T.A.X. Planning Guide, Deduct Everything!, and Small Business Taxes Made Easy, which Entrepreneur Magazine deemed one of the best tax books of 2005. Eva is also a TaxWatch columnist for Dow Jones and a public speaker and teacher, sharing her insights on platforms including U.S.C.'s School of Engineering's Interactive Instructional Television Network. She is also the host of the TaxQuips podcast. Eva joins me today to share insights into managing your business taxes so you can approach filing confidently and strategically. She shares insights that all small business owners should know about regarding the latest tax reform and how to avoid unnecessary penalties and costs. Eva also highlights the value of working with the right tax professional as you go through the filing process and answers common questions small business owners tend to have when it comes to deductions. “If you're in business, it is your responsibility to sit down with a good tax professional.” - Eva Rosenburg This week on the SmallBizChat Podcast: Resources Mentioned: Connect with Eva Rosenberg: Fix Your Business! Are you ready to run your business with intention? Ready to create a business that allows you to live your dream life and take those dream vacations you deserve? Then you need a copy of my latest book: Fix Your Business: A 90-Day Plan to Get Back Your Life and Remove Chaos From Your Business. Fix Your Business gives you concrete advice on the problem areas many small business owners face as well as the step-by-step process to find solutions so you can live the life of your dreams. It's time to take back control of your business and change how your business is run. Order your copy of Fix Your Business and design your business - and life - with intention. Let's End Small Business Failure - Together! Thanks for tuning into this week's episode of the SmallBizChat Podcast - the show on a mission to improve small business success. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show, and leave us a rating and review. Help us spread the word and end small business failure by sharing your favorite episodes with your friends and colleagues on social media. Visit our website or follow us on Facebook, Twitter, LinkedIn, Instagram, or YouTube for more great content, tips, and strategies to improve your small business.See omnystudio.com/listener for privacy information.

The Resolution Project (0:00:00) Have you ever heard the phrase “the youth of today are the leaders of tomorrow”? What if those youth were the leaders of today? According to the Resolution Project, a non-profit that specializes in providing meaningful opportunities to young adult leaders and entrepreneurs, it's a better idea than some might think. So what does this sort of youth empowerment look like? Joining us on the show today is George Tsiatis, the CEO and co-founder of the Resolution Project, here with us to discuss the impact of today's young leaders and how you can get involved.   Choosing Flexibility over Frustration (0:17:21) We've all heard the phrase “happiness is a choice”, but unfortunately that decision isn't as simple as turning on the ‘happy switch' in our brain. It takes a lot of effort to do the right things that we know bring joy in our life when things, or people, are getting in our way. We need to choose a happy lifestyle while at the same time waiting in line at the DMV, paying for car our teenager rear ended, or realizing we're never going to make that deadline. So, how can we maintain happiness when we're getting frustrated? The choice we need to make is to be flexible. Or at least that's the advice from friend of the show, Michelle McCullough. She's a businesswoman, speaker, and author of her most recent book “The Happyist”.   Small Businesses and Taxes (0:28:20) While it can be rewarding to see your own business flourish, the financial side of it can be daunting. Survey says that the three most confusing business tasks are filing business taxes, determining business tax write-offs, and bookkeeping. Today we are joined by Block Advisors' master tax advisor Ramon Vasquez. He is going to share tips to reduce some of the stress and confusion associated with filing taxes for your own business.   Quick Smartphone Fixes (0:38:46) Does this situation sound familiar? You're running around your house trying to get stuff done, and your phone slips out of your hand and lands face down onto the tile floor. As you bend down to pick it up, you say a million little prayers hoping your screen isn't cracked. And then of course, your phone, despite the thousands of other times you've dropped it, is shattered. You now have two options—drop 200 dollars on a new screen or deal with looking at text messages through what's left of your phone. We've all done it. Those smartphones are slippery things. But is there another way to fix your phone other than going to the apple store or your service provider? Burton Kelso, chief tech expert at Integral and friend of the show, is here to tell us about our third option—fixing it ourselves.   Sunscreen A to Zinc (0:52:47) According to the Skin Cancer Foundation, more people are diagnosed with skin cancer in the U.S. than all other cancers combined, and one in five Americans will be diagnosed with skin cancer by the age of 70. With such a high likelihood of developing skin cancer, it's important that we take measures to prevent it. One of the most obvious ways, as we all know, is to wear sunscreen, and today we have dermatologist Dr. Cynthia Bailey on the show to tell us everything we need to know about using the right sunscreens, as well as give us other ways to protect our skin.   Phantom Traffic (1:08:13) Have you ever been driving on the freeway and had to slam on your brakes? Sometimes it's even worse and you have to come to a complete before moving forward a couple yards... only to have to stop again immediately! Driving in traffic can be stressful and frustrating, especially when we encounter backups that don't seem to have a cause. Stop-and-go traffic is the bane of every commuter and oftentimes seems inevitable during rush hour. But is it inevitable? Is there anything a driver can do today to minimize stop-and-go traffic? Here to shine some light on the subject is Dr. Benjamin Seibold. Dr. Seibold directs the Center for Computational Mathematics and Modeling at Temple University, where his studies in applied mathematics focus on traffic flow, among other things.   How to Stop Being Defensive (1:28:01) As humans we are social creatures. Even in the corona-days while we are social distancing, we still have to communicate and collaborate with our families, friends, and coworkers. But working together with others is easier said than done, especially when they disagree with us. In fact, when someone shares an opposing view, it's easy to get defensive rather than listen to what they have to say. But defensiveness is one of the biggest roadblocks to successful collaboration according to our next guest, Jim Tamm. Jim, author of “Radical Collaboration,” has spent 25 years helping people settle arguments. We thought he'd be the perfect person to talk to about how to overcome our defensiveness.