Podcasts about sole proprietor

In this episode of LIGHT TALK, The Lumen Brothers and Sister talk about everything from Knowing Your Value, to David's Tax School.  Join Ellen, Steve, David, and Stan as they pontificate about: ETC's 50th Anniversary Bash in Orlando; Lobster Rolls in Orlando?; Meatballs with Faces; The High End Halcyon Silent; Are 1970's lighting angles still relevant today?; The "Jewel System"; "Adolescence"; Phone controlled motorized track-lights;  RCL's DX series; Should you file your taxes as a Sole Proprietor or an Employee?; Pet Sweat and 7-11's "Late Night Gourmet Wonders"; "Am I insured?"; Knowing your value; and What to bring to an industry portfolio review.  Nothing is Taboo, Nothing is Sacred, and Very Little Makes Sense.

Hey Friend, You already know—the legal side of business can feel like a whole thing. When I first started, I was overwhelmed trying to figure out what contracts I needed, how to set up my business structure, and whether trademarks were even worth considering. But let me tell you, finding Andrea Sager and discovering The Legalpreneur was a game-changer! In this episode, we're getting all the legal tea straight from Andrea herself. If you're a Jesus-led working mom with over 10 years of professional experience, launching your first coaching or service-based business, this is for you. We're talking about: The must-have legal steps before you launch Business structures—LLC, Sole Proprietor, S-Corp—what's right for you? The legal protections most entrepreneurs overlook (don't get caught slipping!) Why contracts are your best business bestie—and the key clauses you need When to start thinking about trademarks and how they protect your brand The #1 legal mistake new business owners make (so you can avoid it) Listen, I bought my first contract bundle from The Legalpreneur, and it took all the stress out of getting my legal foundation right. Now, Andrea is here to help you do the same! Tune in, take notes, and let's make sure your business is legally protected from day one. I pray this empowers you! .

Trusts, LLC's - How to form and structure your business? Today I bring on my attorney, Kris Mukherji to help me guide you through it. Join us!00:00 Introduction01:48 What is a Trust?04:11 Does a Trust protect you from liability?05:25 How complex should your structure be? 07:26 Difference between Sole Proprietor, LLC, C-Corp, S-Corp?11:54 Advantage of having an entity12:31 Certain businesses require certain entities15:00 How should my complex business be structured?18:22 When should you talk to a CPA?19:59 Should you open your LLC in another state?22:41 My new entity24:28 Who is Kris Mukherji?25:20 Best Advice?30:20 Bucket List32:20 Advice for me36:35 ConclusionContact Kris Mukherji:https://kmsdlawoffice.com/Instagram:https://www.instagram.com/lawofficeofkrismukherji/?hl=enWelcome to The Ryan G Hensley Show, where we dive into a little bit of everything! This weekly podcast is all about exploring the things that inspire us, from dope interviews with legendary guests to the latest in sports, current events, and hustle.We'll break down business, real estate, current events, finances, and the winning mindset. Hit subscribe and let's vibe—real talk starts now!Become a member to The Ryan G Hensley Show for special rewards and videos: https://www.youtube.com/channel/UChFF_54ijsLGGoUNftX5vCQ/joinPowered By: The Law Offices of Kris Mukherji - Personal Injury, Estate Planning & Business Law - Visit:https://kmsdlawoffice.com/Fix your Credit with Blue Water Credit: https://ryanghensley.com/credit-repairUnderdog Promo Code ‘Hensley' https://play.underdogfantasy.com/p-ryan-hensleyFollow the Audio Version: https://podcasters.spotify.com/pod/show/ryan-g-hensleyAll my links. Connect and contact me here: https://ryanghensley.com/links

Bem-vindos ao Papo de Gestão do Imigrante Rico!Se você é um imigrante que quer empreender nos EUA ou já tem um negócio e precisa de direcionamento estratégico, a Mentoria EVO com Tiago Prado pode ser a chave para o seu sucesso.Garanta sua vaga na Mentoria EVO agora! https://imigranterico.com/como-empreender-nos-eua/Dúvidas? Deixe seu comentário ou entre em contato!Abrir um negócio nos EUA parece simples, mas você realmente sabe tudo o que é necessário para ter sucesso? Muitos imigrantes cometem erros graves ao empreender, perdendo tempo e dinheiro.Neste episódio do Imigrante Rico, Tiago Prado conversa com Abel Fiorotti, especialista em contabilidade e estruturação de negócios nos EUA. Ele revela os principais desafios, erros e estratégias para abrir uma empresa da forma certa, evitando prejuízos e garantindo crescimento sustentável.Se você é um imigrante que quer empreender ou já tem um negócio nos EUA, assista até o final para evitar armadilhas de contabilidade  nos EUA e aprender com quem já passou por isso!00:00 Introdução – Você está pronto para abrir um negócio nos EUA?02:10 Quem é Abel Fiorotti e por que sua experiência pode te ajudar?05:35 O primeiro passo antes de empreender – o que ninguém te conta!09:20 Imigrantes cometem esse erro ao abrir empresas nos EUA – evite isso!14:15 Como escolher a estrutura empresarial correta (LLC, Corp, Sole Proprietor?)19:40 A verdade sobre impostos nos EUA – você está preparado?25:30 Como separar finanças pessoais e empresariais e evitar falência31:10 Passo a passo para abrir um negócio sem cair em armadilhas fiscais38:45 Dicas finais para imigrantes que querem crescer nos EUA45:00 Vale a pena empreender nos EUA? Reflexão final de Abel FiorottiDeixe seu like, inscreva-se no canal e ative o sininho para não perder nenhum episódio!

On today's show, Molly Cox calls in with questions about the freelance business she started just six months ago. Top of mind for her: Should she stay a sole–proprietor or form an LLC? Before the legal terms tempt you to click away, consider this. This single question could save you thousands of dollars a year in taxes. So keep listening. That's just part of what we chat about with Molly. This episode was originally aired on July 20, 2023. PS: Get featured in an upcoming Q&A! Just visit http://freelancetofounder.com/ask and submit a question.  Support our Sponsors Our generous sponsors make this show 100% free to you. Support them at the link below. https://freelancetofounder.com/sponsors Get your own on-air coaching call We'd love to feature your business and offer some free on-air advice for growing your business. To see if you're a good fit, click here. Leave us a review on Apple Podcasts: If you enjoy the show, can you do us a favor and leave us an honest rating and review on Apple Podcasts? We'll love you forever. Click here to leave a review. More Recommended Listening: This show is a part of the Podglomerate, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter. We suggest you also try other Podglomerate shows about entrepreneurship, business, and creativity, such as Rocketship.fm and Creative Elements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get the full show notes at haulinassetsllc.com Check out MotorcarrierHQ.com  Find our courses at haulinassetsacademy.com   The end of the year is a crazy busy time with the Holidays and everything else going on so taxes typically are not at the forefront of your mind, but they need to be. There are certain things you can do to improve your tax situation before December 31st that you can't do after January 1st, so you need to have a plan. I usually try to have a general idea about what I want to do by the end of October or the beginning of November. During this episode we are going to give you somethings to think about so you can start to build the right plan for you. What To Expect From Episode 167 So you own a business, does that mean you need to file a business tax return? The answer is maybe... We are going to help you answer that question and so much more. Here are some of the things we will cover. Filing deadlines, April 15th, right? Not always. Here are some other deadlines we talk about. Partnerships and S-Corps (March 15) Single Member LLC, Sole Proprietor, Corporations (April 15) Extensions (September 15th and October 15th) Quarterly Tax Payments ( 15th of the month after a quarter ends) One of the most important things you need to decide, is what is more important to you… show a profit or reduce how much you have to pay in taxes. You really can't do both. No one wants to pay any more taxes than they have to, but to lower your tax bill you have to lower your profit which then hurts when you try to get financing. Tax Strategies Reduce Taxes Maximize Profits Strategies for reducing income: Business StrategiesPurchasing equipment and different types of depreciationUse of accelerated depreciation Expense planningPrepaying expenses Negotiating payment plans or future payments Ensure you capture all your expenses, and account for all your deductionsHome Office Business use of personal vehicle Child Care Revenue RecognitionCash Basis vs Accrual When does it need to be Personal Tax PlanningRetirement accountsSEP Traditional IRA 529 College savings account Health Savings Plans Itemized DeductionsMortgage Interest Charitable Contributions None-reimbursed medical expenses If you have been slacking on your bookkeeping, get caught up now so you don't have surprises early next year when you can't do much about it Be ready to provide a summary of your business operationFactoring company statements Business bank account and transaction categorizationSome banks track your spending and categorize expenses. May require specific accounts or Use an accounting firm Multiple years of taxes needed, start with today and filed the current year. Don't get overwhelmed. Strategically work your way backwards until it's done. Small wins will get you there.

Self-employed borrowers bring unique opportunities—and challenges—for loan officers. In this value-packed episode of Loan Officer Training, we take an in-depth look at how to analyze income for borrowers who operate as sole proprietors. If you've ever been stumped by complex tax returns, wondered how to account for fluctuating earnings, or struggled to identify stable income trends for self-employed clients, this episode is for you.Join us as we discuss strategies for accurately interpreting tax documents, assessing cash flow, and spotting red flags that could impact loan approvals. We'll walk through real-life examples of profit and loss statements, Schedule C income, and other key forms you'll encounter with sole proprietors. By the end of this episode, you'll be equipped to navigate the nuances of self-employed borrower applications, empowering you to make informed lending decisions and boost your loan approval rates.Whether you're an experienced loan officer wanting to sharpen your skills or new to the field and eager to grow your expertise, you won't want to miss this essential guide to analyzing self-employed borrower income. Gain the insights and confidence to help more clients, close more loans, and stand out as a trusted advisor in the mortgage industry.Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan applicationCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...

How you prepare for taxes should be a year-round effort to manage your business and get the best results. Tax expert Barry Fowler explains. Also, women are taking a bigger role in trucking, and some of them are being honored for the work they do behind the wheel. We'll talk with one, Christie Tilton. 0:00 – Newscast 10:15 – What you need to know about taxes as a trucker 25:08 – Trucker honored for her work in the industry

This week we're discussing nonresident sole proprietor income taxability in light of several Office of Tax Appeal decisions.

On today's show, Molly Cox calls in with questions about the freelance business she started just six months ago. Top of mind for her: Should she stay a sole–proprietor or form an LLC? Before the legal terms tempt you to click away, consider this. This single question could save you thousands of dollars a year in taxes. So keep listening. That's just part of what we chat about with Molly. This episode was originally aired on July 20, 2023. PS: Get featured in an upcoming Q&A! Just visit http://freelancetofounder.com/ask and submit a question.  Support our Sponsors Our generous sponsors make this show 100% free to you. Support them at the link below. https://freelancetofounder.com/sponsors Get your own on-air coaching call We'd love to feature your business and offer some free on-air advice for growing your business. To see if you're a good fit, click here. Leave us a review on Apple Podcasts: If you enjoy the show, can you do us a favor and leave us an honest rating and review on Apple Podcasts? We'll love you forever. Click here to leave a review. More Recommended Listening: This show is a part of the Podglomerate, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter. We suggest you also try other Podglomerate shows about entrepreneurship, business, and creativity, such as Rocketship.fm and Creative Elements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the PODCast!On this week's episode, Travis is joined by Adam Schaeuble from Podcasting Business School and they delve into the realm of tax strategies that can reshape your business's future. Swapping printer ink for ink on tax forms, they unravel the complexities of the tax world with a sprinkle of humor and heaps of wisdom. Adam, who transformed from a fitness entrepreneur to a podcasting consultant, lays down his journey and invites you to join the ride towards financial acumen that transcends industries.This isn't your average tax talk; it's a goldmine of actionable tips, starting with how an HSA can be your secret weapon for tax-free growth and a cushy retirement nest egg. Adam's HSA hack isn't just smart; it's borderline genius, allowing entrepreneurs to nurture their accounts into full-blown retirement funds. They then shift gears to retirement planning, blending the immediate perks of IRAs with the long-term benefits of solo 401ks. It's not just about saving; it's about strategizing for your golden years while the clock is still ticking in your favor.Your business is a living, breathing entity, and with Adam's guidance, they show you how to breathe life into your tax savings. Discover how turning your home into a revenue-generating venue or engaging your children in the family business can lead to significant deductions, all while playing by the IRS's rules. By the end, you'll have a roadmap to tax planning that turns daunting IRS forms into doorways for financial opportunity. So, whether you're an S-Corp, Sole Proprietor, or just getting your entrepreneurial feet wet, this episode will equip you with the know-how to make taxes less taxing.Enjoy the show!https://printondemandcast.comhttps://printondemandcast.com/shophttps://printondemandcast.com/facebookhttps://printondemandcast.com/youtubehttps://printondemandcast.com/instagramhttps://printondemandcast.com/tiktok⁠⁠Sign up to get your FREE Annual Design Calendar!⁠⁠⁠⁠⁠⁠⁠https://printondemandcast.com⁠⁠⁠/VIP⁠Other links:https://www.podcastingbusiness.schoolhttps://castingthepod.libsyn.com/465-my-favorite-tax-planning-strategies-for-online-business-ownershttps://livelyme.comhttps://amzn.to/3WCmoDF

Kyle and his fiancée are in their 30s, have done a great job saving, and are in a high tax bracket. Would it make more sense for them to contribute to their 401(k)s or Roth 401(k)s for retirement? Mick's wife Pam has both W-2 and sole proprietor income - where should she save for retirement? That's today on Your Money, Your Wealth® podcast 480 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, the fellas spitball for Janet on where junk bonds belong in a portfolio, they untangle the pro-rata and aggregation rules concerning 401(k) to Roth conversions for Nancy, and they spitball on whether Cary and Mark should retire now or work for two more years when pensions will provide them an extra $50K a year. Free financial resources and transcript: https://bit.ly/ymyw-480 2024 Key Financial Data Guide - free download Timeless Wisdom from Warren Buffet and Charlie Munger, Berkshire Hathaway's Dynamic Duo - read the blog Understanding Stock Market Indexes - read the blog Free retirement calculator - EASIretirement.com Ask Joe & Big Al On Air for your Retirement Spitball Analysis Timestamps: 00:00 - Intro 00:57 - We're in Our 30s and in a High Tax Bracket. Where Should We Save for Retirement? (Kyle, WI) 07:34 - Junk Bonds Explained (Janet, the Bronx) 13:19 - Does Pro-Rata Rule Apply When Converting 401(k) to Roth 401(k)? (Nancy, SE Wisconsin) 20:37 - We Have $4M. Should We Retire Now or in Two Years When Pensions Provide an Extra $50K/Year? (Cary & Mark, Los Angeles) 27:50 - How to Save for Retirement with Sole Proprietor and W-2 Work? (Mick, Davis, CA) 36:47 - The Derails

On this episode Luke and Typo talk to Basil. Basil is GalloBactrian Raceplay Expert. Founder and Sole Proprietor of the Barebactrian Tora Bora Goon Cave and Harem. https://linktr.ee/bactrian --- Support this podcast: https://podcasters.spotify.com/pod/show/biting-the-bullet/support

This time on Creative Distillation, Brad and Jeff conduct field research at one of our more interesting — and favorite — locations to date. Pits & Stems is an actual speakeasy tucked away in a quiet Old North Boulder neighborhood. The owner and sole proprietor, Ethan Decker, walks our hosts through the brief and colorful history of his garage-based passion project, regaling them with fascinating tales and some of the finest cocktails ever sipped on Creative Distillation — and that's a lot of cocktails. They're also joined by Larry Plummer, Ph.D, Associate Professor of Entrepreneurship at Ivey Business School at Western University in London, Ontario. He earned his Ph.D. in strategy and entrepreneurship right here at CU- Boulder.  It's a lively and slightly-enlightening conversation and a real feel-good episode from start to finish. Enjoy and cheers! Pits & Stems has no website, but you can find it on Google Maps. Reservations are required. -- Learn more about CU's Deming Center for Entrepreneurship: https://deming.colorado.edu Comments/criticism/suggestions/feedback? We'd love to hear it. Drop us a note at CDpodcast@colorado.edu. Thanks for listening. -
An Analog Digital Arts Production for the Deming Center for Entrepreneurship
Produced, recorded and edited by Joel Davis "Whiskey Before Breakfast" [Traditional] performed by Jeffrey York and Brad Werner. Recorded, mixed and mastered by George Figgs ___ CREATIVE DISTILLATION University of Colorado-Boulder professors Jeff York and Brad Werner distill entrepreneurship research into actionable insights. Jeff York | Associate Professor | Research Director
jeffrey.york@colorado.edu Brad Werner | Instructor | Teaching Director
walter.werner@colorado.edu Deming Center for Entrepreneurship | CU Leeds School of Business
303.492.9018 | deming@colorado.edu

https://life-listening.com/ Listen to us live on mytuner-radio, onlineradiobox, fmradiofree.com and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://www.fmradiofree.com/search?q=professional+podcast+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Join me for a series on the podcast I am calling: “How to Create That Business"! This week,  I will be discussing the process of creating a sole proprietor business. Establishing a sole proprietorship is a popular choice for many entrepreneurs due to its simplicity and flexibility. As a sole proprietor, you are the sole owner of the business and have full control over its operations and decisions.During this episode l explore various aspects of setting up a sole proprietor business, including:Business Registration: Explain the legal requirements for registering a sole proprietorship, such as obtaining a business license and registering your business name. Discuss the implications of operating under your personal name versus a trade name.Marketing and Branding: I discuss effective marketing strategies for promoting your sole proprietor business, such as digital marketing, social media, networking, and branding.Legal and Compliance Issues: I touch upon key legal and compliance matters that sole proprietors should be aware of, such as contracts, liability protection, intellectual property rights, and regulatory requirements in their industry.By delving into these topics and sharing practical insights and tips, the podcast can equip aspiring entrepreneurs with the knowledge and tools needed to successfully establish and grow a sole proprietor business.I would also like to extend a special thank you to Marcus for providing the podcast music, Sunday Coffee. Marcus is a talented artist, and you can find more of his work at the following link: https://linktr.ee/mrcxsIf you are interested in becoming a sponsor of the Living the Life podcast, please send an email request to nwannekatesycreates@gmail.com. We would love to collaborate with like-minded individuals and organizations who align with our mission of inspiring and empowering others to pursue their goals and dreams!Support the showNwanneka Tesy is the Host and Creator of Living the Life Podcast

https://life-listening.com/ Listen to us live on mytuner-radio, onlineradiobox, fmradiofree.com and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://www.fmradiofree.com/search?q=professional+podcast+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

There comes a point in most nature education programs' evolution when we have to decide on what 'legal entity' or structure we are going to use to do business in our community.     Will we be a Sole Proprietor, in a for-profit model, or maybe a Partnership or LLC?    Or do we go in the Nonprofit Organization direction, with all of its complexities and possible advantages? This episode dives into this topic and explores the advantages to both legal structures, as well as their challenges, too!     Please note that this episode should not be considered legal advice, and is instead a sharing of my own experiences using both models.    You should always consult an accountant and legal adviser to help you make the best decision for your unique business, your own skills and expertise and your long range mission and plans! Join the Forest Educator Patreon! https://patreon.com/ForestEducatorPodcast Connect with Ricardo: https://www.foresteducator.com/ https://www.theforestboxforkids.com/ https://www.hawkcircle.com/ Linkedin: https://www.linkedin.com/in/ricardo-sierra-5980931/ Instagram: https://www.instagram.com/the_forest_educator_podcast/ Facebook: https://www.facebook.com/RicardohawkSierra

https://life-listening.com/ Listen to us live on mytuner-radio, onlineradiobox and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Key topics in today's conversation include:Introducing Jeff and Michael from ATBS (1:08)Oakley's partnership with ATBS (2:19)ATBS's background and mission (4:02)Tax changes and record-keeping (10:33)Record-keeping for tax deductions (16:01)Profit and Loss Statement Creation (21:14)Benchmarking and Business Management (23:37)Unique Truck Tax Deductions (25:14)Quarterly Taxes and Safe Harbor Estimates (27:40)LLC vs. Sole Proprietor vs. S Corporation (34:25)ATBS's new Hub App (41:43)Per Diem Calculator and Real-Time Data (43:47)Tax Relief Pit Crew (47:33)Pricing and Discounts (51:27)Benchmarking and Industry Statistics (54:42)What sets Oakley apart (1:00:54)Final thoughts and takeaways (1:04:24)Oakley Trucking is a family-owned and operated trucking company headquartered in North Little Rock, Arkansas. For more information, check out our show website: podcast.bruceoakley.com.

https://life-listening.com/ Listen to us live on mytuner-radio, onlineradiobox and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

https://life-listening.com/ Listen to us live on mytuner-radio, onlineradiobox and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

On today's show, Molly Cox calls in with questions about the freelance business she started just six months ago. Top of mind for her: Should she stay a sole–proprietor or form an LLC? Before the legal terms tempt you to click away, consider this. This single question could save you thousands of dollars a year in taxes. So keep listening. That's just part of what we chat about with Molly. This episode was originally aired on July 20, 2023. PS: Get featured in an upcoming Q&A! Just visit http://freelancetofounder.com/ask and submit a question.  Support our sponsors so we can keep airing new episodes: Shopify - The global commerce platform. Build your business with Shopify to sell online, offline, and everywhere in between. Masterclass - Learn from the best, be your best. Get unlimited access to thousands of bite-sized lessons. Porkbun - An amazingly awesome ICANN accredited domain name registrar based out of the Pacific Northwest. Different. Easy. Affordable. Babbel - Learn a new language and see where it takes you. Our listeners get up to 55% off at this link. The Freelance Files - Done-for-you docs for better freelancing Dripify - Premium learning platform for entrepreneurs. SolidGigs - Get more freelance jobs Get your own on-air coaching call We'd love to feature your business and offer some free on-air advice for growing your business. To see if you're a good fit, click here. Leave us a review on Apple Podcasts: If you enjoy the show, can you do us a favor and leave us an honest rating and review on Apple Podcasts? We'll love you forever. Click here to leave a review. More Recommended Listening: This show is a part of the Podglomerate, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter. We suggest you also try other Podglomerate shows about entrepreneurship, business, and creativity, such as Rocketship.fm and Creative Elements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jill Nicolini Interviews Alice Kitchel Sole Proprietor of Life Insight Coaching & Consulting -- https://lifeinsightcoachvt.com/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network Listen to us live on mytuner-radio, onlineradiobox and streema.com (the simpleradio app)https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

CULTURALLY DISTINCT PODCAST This weeks guest: Business Attorney Thelma Anderson @lawyerbahesq This weeks episode: 1.What is the difference between the Sole Proprietor, LLC, and Scorp ? 2. Can you describe how to structure a success business ? How toy build Business Credit? 3. Have you ever been challenged, in which way? 4. What advice would you give about starting a business? 5. How did you get started in Business? What was some mistakes that were made? 6. Would you explain whats your business got started? SUBSCRIBE AND ADD US ON ALL PLATFORMS @CULTURALLYDISTINCTPODCAST ⁠⁠⁠ https://podcasts.apple.com/us/podcast.⁠⁠ https://redcoraluniverse.com/cultural...

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

I'm super excited to publish this 99th episode that is a conversation I had with one of my dearest friends and a truly inspiring human being, Chelsea Ritter-Soronen. Chelsea is the Sole Proprietor and Principal Artist of Chalk Riot, which is Washington D.C. based company with "an all-women mural crew specializing in vibrant pavement art, including ephemeral chalk art, “3D” illusionary and immersive works, and industrial roadway installations". She and her amazing team just celebrated their 10th year as a business! In the time I've known Chelsea I've watched her grow Chalk Riot from a dream to company that is doing HUGE, complex, beautiful projects around the country. This list of accomplishments and projects Chelsea manages is amazing. There are so many life lessons in this episode. I know you'll love it. Give Chalk Riot a follow on Instagram at: chalkriot Follow Chelsea at: iamchelsea_art Chalk Riot Website to learn more Chelsea's Artist Website. Find all her links in the profile sections of those acounts. Check out her GATHER Artivism Fellow in Focus Fellowship. --- Support this podcast: https://podcasters.spotify.com/pod/show/carlopodcast/support

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network

How can your health expenses actually put money back in your pocket come tax season? We take a deep dive into a topic many of us often shy away from; Health. Today's episode is about how health intersects with your wallet. Specifically, how you can leverage health-related expenses to save on your taxes. We dive into self-employed health insurance, tax strategies for high medical costs, employee health options, and health savings accounts. Whether you're self-employed, running an S corporation, or simply an individual trying to navigate the complex landscape of health-related deductions, today's episode promises insights that could potentially save you money!Don't Forget! As part of our Tax Minimization Program, we have a full section on how to go about Health Related Tax Deductions [00:25] Determining the Health Insurance Deduction Based on Your BusinessDifferences between health insurance and medical sharing plans.Sole Proprietor or Single Member LLCS Corporation OwnerIf you have non-owner employees and provide health insurance benefits, you will get a deduction for your costs for them too[06:03] Business Owners With No Employees + High Medical CostsUtilize a Section 105 Plan to turn personal medical expenses into a business deduction.[09:05] Health Benefit Options Available For Small Businesses With Employees Check our blog What Health Benefit Options are Available for Small Businesses With Employees?Options available: Group Health InsuranceIncrease Wages to Cover Costs (Taxable)Setup an HRA or QSEHRAFor small businesses with 25 or fewer employees, we recommend the QSEHRA option[12:54] What Is An HSA and How Do They Work?Read our article diving into the HSA: What Is An HSA and How Do They Work?You get a tax deduction for the funds you contribute into an HSA.Withdrawals are tax-free if used for qualified medical expenses.Interest or earnings within the HSA are NOT taxed.[18:45] What Is An HSA and How Do They Work?As year-end approaches, our goal is to guide you through strategies to ensure you pay the least amount in taxes for 2023 legally!Start planning and implementing now to get deductions in 2023.Key Quotes“I recommend everybody, business owner or not, if you have a high deductible health plan and you qualify, you should be maxing out a health savings account in HSA." – Mike Jesowshek, CPA“We have a lot of S Corp owners that don't think about this. They skip this process and just try to take it out on Schedule 1. The IRS could come back and disallow that.' – Mike Jesowshek, CPA“When I first started my business, it was tough to bring on employees because I didn't know how to handle the health insurance piece. I always thought it was complex, and super expensive. I learned about this idea of a QSEHRA, which is a great option where I didn't have to worry about a group plan.” – Mike Jesowshek, CPA“I would hate to see small business owners avoiding growing their business or avoiding bringing on employees for the fact of health insurance when there is an option that is relatively easy, not as complex, and potentially could save you some money as well.” – Mike Jesowshek, CPA______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: htt

How should you reimburse yourself for business expenses? The truth is the answer will depend on what kind of business you have. In this episode, Mike dives into reimbursing oneself for business-related costs and introduces an accountable plan; What is it and why you might need it? He also covers the four major requirements for this plan to ensure the IRS will accept reimbursements as legitimate. This episode is a must-listen for business owners aiming to navigate the often tricky terrain of personal and business expense separation! [00:25] Reimbursing Yourself As a Sole Proprietor or Single Member LLCHow you reimburse yourself depends on how your business is organized.As a sole proprietor or single-member LLC, you simply take the deduction for thebusiness portion of an expense on your Schedule C when filing your taxes.For mileage or home office expenses, report them on Schedule C. For others, like an 80% business-used cell phone, add them to Schedule C or transfer the cost from business to personal account and claim it.[03:45] Reimbursing Yourself As A S-Corporation or C-CorporationRemember:Operating as an S-Corp means you're an employee of the corporation. The IRS requires you to have an "Accountable Plan" in place.When you pay an employee, you pay them wages which are subject to both employment and income taxes. With a reimbursement we want to ensure employees (including you) do not get hit with taxes on reimbursements.An Accountable Plan lets owners and employees submit expenses for business reimbursement without it being taxable income. [05:36] How to Set Up An Accountable Plan A written accountable plan is advised for clarity and ease during audits. It must adhere to four key principles:Business ConnectionSubstantiationNo Excess PaymentTimelinessAs part of our Tax Minimization Program we have a full section on the Accountable Plan and we discuss how to: 1. Adopt a Written Reimbursement Policy (Accountable Plan)2. Create an Accountable Plan Template / Expense Report 3. Make the Reimbursement Payment Some common accountable plan expenses include home office, personal automobile usage, office expenses, travel, parking/tolls, business meals, tools, dues, licenses, cell phone/internet, and training.[12:30] Closing SegmentMake sure you set up and use the reimbursement system before year-end for timely expense recording!Key Quotes“How we reimburse ourself is going to depend on how our business is organized.” – Mike Jesowshek, CPA“An accountable plan is just a fancy word for reimbursement policy…it's a tool to make sure that reimbursement is being done according to law and that the IRS will accept it." – Mike Jesowshek, CPAPodcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

Hey everyone! Jeff here, the host of the Jaded Mechanic podcast, and I am thrilled to share with you the latest episode of our thought-provoking podcast!

Jill Nicolini Interviews Roseanne de Beaudrap Sole Proprietor of Sacred Winds Healing, Holistic Healing for Women and Children -- https://sacredwinds.ca/https://onlineradiobox.com/search?cs=us.pbnnetwork1&q=podcast%20business%20news%20network&c=ushttps://mytuner-radio.com/search/?q=business+news+networkhttps://streema.com/radios/search/?q=podcast+business+news+network 

Find More Episodes on PCA Overdrive: https://www.pcaoverdrive.org/elite-business-advice PCA Overdrive is free for members. Not a member? Download the app on the Apple Store or Google Play and enjoy a 7 day free trial! Become a member: https://www.pcapainted.org/membership-resources/ One huge tax saving strategy for many business owners is filing as an S-Corporation. In today's episode we cover what is an S-Corporation, when should you elect to file as one, and most importantly what are the operating differences of an S-Corporation versus an LLC or Sole-Proprietor. If you are already an S-Corporation, this episode is still for you as we cover a lot of common mistakes we see business owners make when it comes to the day to day handling of finances/expenses. Do you have questions about taxes, S-Corporations or what makes sense for you? Schedule a free business analysis meeting with us at www.elitebusinessadvisors.com!

One huge tax saving strategy for many business owners is filing as an S-Corporation. In today's episode we cover what is an S-Corporation, when should you elect to file as one, and most importantly what are the operating differences of an S-Corporation versus an LLC or Sole-Proprietor. If you are already an S-Corporation, this episode is still for you as we cover a lot of common mistakes we see business owners make when it comes to the day to day handling of finances/expenses.Do you have questions about taxes, S-Corporations or what makes sense for you? Schedule a free business analysis meeting with us at www.elitebusinessadvisors.com!

Welcome to Friday 15! In episode 120 Steph chats with Jenn Lee, VP of Industry Engagement and Support for Travel Leaders International about how to go about finding a travel advisor mentor, leveraging your Facebook marketing (page vs. group?), and choosing between Sole Proprietorship and LCC! A list of helpful resources for today's episode: https://hostagencyreviews.com/travelagentchatter/travel-agent-chatter-volume-7-lu-maggiora-travel-by-lu (TAC episode where advisor uses a FB group for her clients) https://youtu.be/jhvwlonYW_s (Jenn's webinar: How to Create a FB Community That Converts) https://youtu.be/QdHEWugusTE (Jenn's webinar: Facebook Content That Converts) https://www.asta.org/professional-development/asta-mentoring-program (ASTA's mentoring program) https://hostagencyreviews.com/events (Find a travel industry event) https://hostagencyreviews.com/blog/make-your-travel-conference-count (Read this before a travel industry event to help you make the most of it!) http://www.wmnswork.com/ (The tourism industry's award-winning business accelerator program for women and non-binary early-stage entrepreneurs.) https://hostagencyreviews.com/hosts/travel-planners-international (TPI's profile on HAR) jennl@tpionline.com (Jenn's contact) https://www.facebook.com/groups/fiercelyforwardtraveladvisors/ (Jenn's Fiercely Forward FB Group) https://travelplannersinternational.com (TPI's email address) Submit your burning question here Har.News/Friday15 and join us this Friday (and every Friday!) at 12CT for travel agent tips!

On today's show, Molly calls in with questions about the freelance business she started just six months ago. Top of mind for her: Should she stay a sole–proprietor or form an LLC? Before the legal terms tempt you to click away, consider this. This single question could save you thousands of dollars a year in taxes. So keep listening. That's just part of what we chat about with Molly. PS: Get featured in an upcoming FTF SHORT! Just visit http://freelancetofounder.com/ask and submit a question.  Support our sponsors so we can keep airing new episodes: HubSpot - The Science of Scaling - Talks with the most successful tech sales leaders to discover the science behind scaling a company's revenue and sales. Factor - Fresh, Ready-Made Meals Delivered to Your Doorstep. Use the code FREELANCE50 to get 50% off your first order! LinkedIn Talent Solutions - With access to 900M professionals and real-time data, you can find and hire the right people to grow your business and make it thrive. Dripify - Premium learning platform for entrepreneurs. SolidGigs - Get more freelance jobs Get your own on-air coaching call We'd love to feature your business and offer some free on-air advice for growing your business. To see if you're a good fit, click here. Leave us a review on Apple Podcasts: If you enjoy the show, can you do us a favor and leave us an honest rating and review on Apple Podcasts? We'll love you forever. Click here to leave a review. More Recommended Listening: This show is a part of the Podglomerate, a company that produces, distributes, and monetizes podcasts. We encourage you to visit the website and sign up for our newsletter. We suggest you also try other Podglomerate shows about entrepreneurship, business, and creativity, such as Rocketship.fm and Creative Elements. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hi! Welcome back to another episode of The Female Empowered Podcast. The topic for this week is something that I believe people don't really talk about much in the small business world. I also think many business owners don't understand this especially if they don't come from a business background.The topic is how to never run out of money, which are basically cash flow strategies for your small business. Learn about these strategies so your business thrives instead of going out of business!Let's discuss:Introduction to the topicThe number one reason businesses go out of business – They don't have enough cashMy own experience of putting out more cash than getting more cash inDo not use your personal bank account to never run out of money for your businessS Corporation vs.  Sole Proprietor and how it differs in paying yourselfThe importance of speaking to a Tax AdviserWhat should happen when someone pays you moneWhy you need to figure out your monthly operating expenses and how to compute itThe other accounts I advise small business owners to haveWhat I recommend you do if you get three months' worth of operating expenses in your profit accountWhy you want to keep moving money out of your operating accountAn example of computing your monthly and annual revenue, overhead, additional expenses, your salary, taxes and profit so you don't run out of cashThink about how much you want to put away, how much you want to save, and how much you want to budget for then plan accordinglyThere is power and strength in numbersIf you have other questions or if you found anything confusing in this episode, shoot me a DM on Instagram!Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!Links mentioned in this episode:Episode 176Thanks for listening! If you enjoyed this episode, please leave a review for the show to help other female fitness and wellness professionals find our podcast! Interested in being a guest on a future Female Friday episode? Email me at Christa@pilatesinthegrove.com!

What do Mark Cuban, Arthur Blank and Walt Disney all have in common? Each were laid off from their respective companies before going on to start their own business and become successful business owners. Companies have, yet again, started layoffs. This poses an opportunity for some to become a business owner. But where to begin? In this episode Monterey Wealth is joined by Devin Phillips, partner of Weener Nathan Phillips LLP, who specializes in helping business owners mitigate risk when forming new companies. Devin touches on the pros and cons of: Sole Proprietor, Corporations and LLCs as well as many other important things one should consider when creating a business.  If you have any business-related questions, Devin's contact information is below: Devin B. PhillipsWeener Nathan Phillips LLP(Phone) (770) 392-9004(Email) dphillips@wnpllp.com

This week we're covering nonresident sole proprietor income and California taxability, along with a recent OTA decision regarding an out-of-state accountant.

It's a series! What better way to kick off the month of May than by tackling one of the top five questions we get on a regular basis? Which business entity should you choose for your business?  The best entity is relative to your needs so it will vary not only from person to person but sometimes from stage to stage of your business.  Listen and learn as Attorney Murray begins part one of our four-part series on the pros and cons of the four main business formations.  Today's episode takes the mystery out of sole proprietorship so stay tuned.  Today's episode covers:  What a business is   The difference between a business and a hobby  The pros and cons of operating as a sole proprietor   Want to join the conversation? Head over to the MARKEDlegal community to chime in. 

Hello and welcome back to a new episode of Her HypeSquad with Bosstrack. This week I talk with Melissa Jones about leading after trauma, the power of taking solo vacations, being brave while afraid, inner peace and owning your power. About Melissa Jones Melissa Jones serves as Vice President, Senior Business Banking Specialist for Enterprise Bank & Trust, headquartered in St. Louis, MO.  She helps Corporations, LLC's, Sole Proprietor's and Non-Profits with tailor-fitting a capital and cash management strategy to reach their business goals. With over 22 years of banking experience, she has helped many clients achieve success in their company's business endeavors. In 2019, Melissa was recognized as one of St. Louis' most inspiring and influential leaders and professionals. She was also recognized in 2020 by St. Louis Small Business Monthly as one of St. Louis' most admired business advisors. She is a transformative leader with results excelling in Strategic Planning, Business Development, Leadership Development, and Sales Skills. Melissa is also the Visionary and CEO of Living Healed Ministries. She is an International Best Selling Author of Claim Your Comeback: Begin Your Journey to Healing & Wholeness, where readers learn how to create their own action plan on healing from traumas that has held them back, setting healthy boundaries with toxic individuals and applying their faith to the healing process. Surviving and thriving after abusive relationships, raising three small children on her own while having a demanding corporate career - these are all things Melissa overcame to claim her comeback. By applying tools she learned in her corporate career to her personal goals, she was able to heal, evolve, and become a more fulfilled version of herself. Melissa is the mother of three adult children, a Consortium for Leadership Development Harvard School of Business graduate, currently is a Board Director for three organizations and holds memberships in multiple professional organizations in the region. She believes in the importance and impact of managing business banking relationships with a spirit of excellence and client-centered service. Melissa is a member of Delta Sigma Theta Sorority, Inc., The Links, Inc., and enjoys traveling, spending quality time with family and friends and has a passion for horseback riding. Contact Melissa LinkedIn: Melissa-Jones22 Instagram: iammelissaljones Website: www.livinghealedministries.com If you enjoy my conversation with Melissa, make sure you subscribe to our channel and help more people find us by sharing this episode with others or by leaving a review! Or subscribe to our weekly newsletter filled with things we found that we're excited about and we're inspired by along with valuable leadership advice to watch, listen to or read.  It's a little bit of joy for your inbox each Monday! You can subscribe at https://thebosstrack.com/weeklyjoy

If you've ever wondered whether you should operate as a sole proprietor or form an LLC, this episode is just for you! We'll dive into my own personal journey, why I avoided LLCs for so long, and ultimately, how you can make the best decision for your freelance business. Now, I want to point out that this discussion is specifically for US-based freelancers. I wish I could cover every business entity in every country, but my knowledge is limited to what's available in the US. So, if you're based elsewhere, I apologize, and I hope you still find value in the conversation. In this episode, we'll explore the key differences between a sole proprietor and an LLC, and how they can sometimes look and feel the same. I'll also share some recent insights I've gained to help you make a more informed decision for your business. I truly believe that this episode will provide you with a better understanding of the advantages and disadvantages of both sole proprietorships and LLCs, ultimately helping you choose the best path for your freelance business. So, grab a cup of coffee, get comfortable, and let's dive into this (not so) exciting topic together! In this episode you'll discover: Which business structures to consider for your business The advantages of running an LLC How to set up your LLC For full show notes, visit https://6figurecreative.com/251

If you've got an upcoming Vegas trip or even if you're just betting on your favorite sports team, Zak Zimbile has got some info to share with you! Zak Zimbile is a Certified Public Accountant who runs his own CPA firm, specializing in gambling tax. He's been in the game for over 10 years now and has worked with all sorts of gamblers - from recreational poker players to professional sports bettors and advantage players. Although he's based in Las Vegas, Zak has helped clients from all over the US with their gambling tax needs.   We delve into the impact of gambling on taxes and Zak has valuable tips on keeping track of all gambling activity for tax time and proving losses to an agent. We also tackle the topic of gambling with crypto, acknowledging its complexity and the importance of precise tax reporting. And, of course, we answer the burning question of whether gambling is deductible against winnings for recreational or professional gamblers. Make sure to seek advice from a tax professional for the best approach to handle your gambling income. Tune in for a wealth of valuable insights on the fascinating world of gambling and taxation.   What you'll hear in this episode: [2:00] What are recreational and professional gamblers? What are they doing? [3:40] What is gambling and how does it impact your taxes? [7:30] Best tips for keeping track of all this activity for tax time. [9:55] How to prove your losses to an agent. [15:10] What are some of his tips for someone who's looking to get into gambling as a professional? [18:55] Gambling with crypto is getting more complicated. [21:40] Is gambling deductible against winnings for recreational or professional gamblers? [25:10] Is it gambling income or is it other income?   * Related episodes: 244. How to File Taxes as a Single-member LLC or Sole Proprietor 248. How to Take the Home Office Deduction 249. Are They Your Employee or a Contractor?   * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

EPISODE 152Today we get to talk to business attorney Kailey Jacomet about how to protect yourself legally as a podcast manager, specifically with contracts. I thought I knew quite a bit about contracts, but her insights blew my mind! We discuss common podcast manager contracts and things you may not have considered when putting a contract together, including cancellation notices, limitation of liability, copyright, and intellectual property. So listen to this episode and hear what Kailey has to say, because you might learn something new.Kailey Jacomet is a business attorney and mom of two. In her law practice, Brand Law Boutique, she helps entrepreneurs protect their brands with trademark registration, and provides attorney-drafted contract templates for service providers in her shop, Contractista. When she's not busy helping business owners protect their businesses legally, Kailey can almost always be found with her family.In this episode, we cover:-Kailey's journey from courtroom prosecutor to working online-The first steps to take to protect your podcast management business legally-Forming a Sole Proprietor, an LLC, or a Corporation as a podcast manager-How having a clear and concise contract can prevent problems-Setting boundaries for late client materials in your contract-The differences between Term Contracts vs Cancellation Notices-Who owns the rights to podcast materials and including copyright clauses in your contract-The peace of mind included in Limitation of Liability clauses-Kailey's specific podcast manager contract template-Intellectual property and creating content that you have the rights toIf you want to chat more about this topic, I would love to continue this conversation with you, over on Instagram! @laurenwrightonLearn how to become a profitable podcast manager without working more than 20 hrs/wk in my free masterclass! Grab a seat at http://LaurenWrighton.com/masterclassSHOW NOTES: https://laurenwrighton.com/episode152Mentioned in this episode:Grab your seat to the LIVE masterclass at LaurenWrighton.com/class

When you start a business, you may think your taxes will get very complicated or that you'll need to find a new accountant to handle your taxes. That may not be the case! When you're a sole proprietor of single-member LLC, your taxes tend to be pretty simple (as long as you've kept up with the books). You don't even need to file a separate tax return for your business. You'll be adding a Schedule C to your personal tax return to show your business income and deductions. I'm diving into the requirements and things to consider for your taxes as a single-member LLC or sole proprietor!   What you'll hear in this episode: [1:30] How the state views your LLC vs how the IRS see your LLC [4:45] Can your current CPA handle the business portion of your return? [6:30] Yearly requirements for a sole proprietorship or single-member LLC [9:00] Electing to be taxed as a C Corp or S Corp if you already have an LLC   * Related episodes: 221. How Do I Use the S Corp Strategy? 226. Deducting Business Travel 232. Questions You MUST Ask Your Accountant Before Signing a Return   Schedule C information and form available here: https://www.irs.gov/forms-pubs/about-schedule-c-form-1040   * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator * Find me on IG @shannonkweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

‍In this episode, Susan Laine, from 180 Dental, gives us her three best tips for a smooth and easy billing process!‍Determine Your Business Type - You can register as a sole proprietor, s corp, or pc business. If you are planning on having associates, it may be beneficial to incorporate, rather than use your social security number for tax ID!Input Incoming Associate Data - If you have an incoming associate, getting their tax and credentialing information in your practice management software as soon as possible will offer the smoothest transition!Inactivate Old Providers - This can be a handy way to transition practice ownership in software such as Dentrix, Eaglesoft, or Open Dental. Inactivating the old provider when bringing in the new provider, allows them to pick up where you left off in a seamless schedule transfer!‍Listen in on Michael and Susan's conversation to get more in depth on these three topics and more!‍You can reach out to Susan Laine here:Instagram: @180dentalFacebook180 Dental Website‍Other Mentions and Links:DentrixEaglesoftOpen DentalSole ProprietorS CorpPC - Professional CorporationLori I OwensNPI - National Provider Identifier‍If you want your questions answered on Monday Morning Marketing, ask me on these platforms:My Newsletter: https://thedentalmarketer.lpages.co/newsletter/The Dental Marketer Society Facebook Group: https://www.facebook.com/groups/2031814726927041‍Our Sponsors & Their Exclusive Deals:CARESTACK | Cloud-Based Dental SoftwareSCHEDULE A FREE DEMO TODAY!Click the link below and get 1 MONTH FOR FREE + 10% OFF your Annual Subscription + 50% OFF Your Set-up Fee!Check out CARESTACK now: https://lp.carestack.org/thedentalmarketer‍‍‍Dandy | The Fully Digital, US-based Dental Lab‍For a completely FREE 3Shape Trios 3 scanner & $250 in lab credit click here: meetdandy.com/tdm !‍Thank you for supporting the podcast by checking out our sponsors!‍Episode Transcript (Auto-Generated - Please Excuse Errors) Michael: Hey Suzanne. So talk to us about medical and dental billing. How can we utilize this, or what advice or suggestions can you give us that will help us with doing medical and dental billing?  Susan: I have some ideas, some suggestions. That is for any office. Mm-hmm. , you know, my company, we specialize in Dentrix, Dentrix. and my company goes in and we do a lot of transitions. So what I'd like to pinpoint today are three key things that will help a startup or somebody who is thinking about bringing in an associate to make sure that, one, they're getting paid. Two, the associate is getting paid and they can track their numbers. So, . The three things that I really wanna highlight, one is how you're setting up your company as a pc, an S corp, or just a sole proprietor. You know, as a new dentist comes in, they have a choice. Mm-hmm. , it is recommended and you know, I think Lori Owens and some of the other people out there would definitely agree. setting up your company, which is your dental practice as an S corp, has specific tax advantages, and it also gives you some long-term down the road advantages because if you set yourself up as a PC or an S corp, you're not using your social. as your tax identification number. You're also, able to set it up as a type two N P I, and that is very beneficial, right from the startup. But again, even if you're already in your practice, you've had your practice for a while, you're looking for an associate, if you set up your tax ID as having a type two m. , you can bill under that entity and then your provider can change. For instance, like if a female dentist needs to go on maternity leave and she has a locum tenants come in for six, eight weeks, they can bill under the tax ID for the corporation, the type two n p. With the new locum tenants provider, and there could be a contract in place for that specific timeframe. Hmm. And it doesn't need additional credentialing. It doesn't need W nine sent for each and every claim during that six to eight week period. Or you know, I had a, I had one of my clients who was an avid golfer, he ended up needing back surgery and was out for five and a half weeks and in a back brace. Mm-hmm. and came back very slow. So he had a contract for a locum tenants and it was still bill out under his type two. And it worked out very well. As long as you have your contracts in place to do it that way, there's a lot of legal. loopholes that you can use. But I do suggest that you always, and this is a startup or a, you know, an individual practice that's already going seek good legal advice. I'm not a lawyer, but there are really good people out there that can advise you in that is just a suggestion. you know, with that in mind, when you have somebody come in and you're paying them on either, collections or product, You wanna be sure that you are paying them what they should be paid. And in Dentrix well and Eaglesoft and Open Dental, you wanna set that person up before they ever enter your practice and see a patient. , for instance. Um, a transition. This is what my company does quite a bit in transitions, is when we know that there's negotiations, we will get the credentials of the incoming dentist, his N p I license, d e a. We set it up in Dentrix and we can build his schedule and build it up. months before he ever sets foot to see patients so that there is a smooth transition. Your schedule is full. You have, you know, no lag in production. Well, you're gonna have that here and there. The sooner you set up a new provider in your system, the better it is with scheduling, the easier it is to get them paid in a timely manner and know exactly. how they should be paid. Figuring out, you know, if they want, if they want 35% of collections, what is that per day? You wanna look at that backwards and do the calculations mathematically to make sure that you have the production on the schedule. The third point, I'm just gonna close with today. is, I wanna talk about, the process within inactivating old providers in Dentrix, which is where my love for software came from, is with Inactivating, that old provider, you can reactivate a provider after you move the patients over. I just did this again for another office. They purchased on 1231, brand new dentist came in. We set up the transitioning senior dentist as an associate, and we closed everything out and moved all the patients to the new purchasing doctor. We reactivated the seller as an associate, and now all of. Finances cuz he purchased the ar. Mm-hmm. are under the corporate, the schedule is under the new doctor. And this can be done in Eaglesoft, in Open Dental. It's just understanding the software, understanding how you wanna structure your business. So those three things are really gonna help out any dentist, whether you're a startup transitioning with a senior doctor that is moving out as retirement encroaches, or if you're bringing on a brand new a. you wanna look at those three key things to really help set yourself up for success. Gotcha. So  Michael: these three things, how do, I guess, how does that ease the process? Also with the billing part?  Susan: With billing, especially with the N P I. Mm-hmm. , you can credential your type two. , and again, when you have a locum tenants come in, it continues under that tax id, and you don't have that lag in claim processing as long as you have it set up so that you have it in writing and you have that temporary doctor coming in and everything is already on the claim for that provider. So, , it helps get you paid timely without having to delay and say, who's this? We don't understand who this person is. Mm-hmm. ,  Michael: what are some of the most common mistakes when it comes to utilizing Dentrix or, or, or doing this right here? When, when it comes to like the, the yang of the, uh, I guess like the three processes that you mentioned. Susan: I have had to go in and run audits on some offices that have utilized a sole proprietor's social security number when they have somebody come in temporarily and one, you're paying the taxes for all of that income. , that's a negative. You don't wanna have to pay self-employment taxes on all of that income. Two, the provider that does the service legally has to be on that claim. Mm-hmm. , you cannot legally do it any other way other than listing that provider. So I've had to go back through and audit for the insurance companies in the past, and it is, an infraction, and there are fines involved and it can be construed as fraud. Mm-hmm. , but I hate to say that word because it really scares people, .  Michael: No, it's true. Yeah, yeah, yeah. So it can be construed. It's true. It can be construed as that. What else?  Susan: Yes. . So with setting things up in your system for the way Dentrix does it, you can also utilize block scheduling for multiple providers. and you can really help your office flow. And meet or exceed your goals consistently on a daily basis. So if you have your providers set up correctly, you can actually implement that into Dentrix on a daily basis, and you can go home at the end of the night and feel like you have really accomplished a good day and that you met your goal. Michael: Yeah. Yeah. The block scheduling I think works pretty, pretty real, really well. You know what I mean? When we know how to utilize that. This is really good. We want to understand how are you setting up your company right from the very GetGo, uh, L L C you said, right? S corp. What  Susan: was that one for? A pc?  Michael: Yes. Pc, yeah. What would you recommend when it comes to those three, the best? Depending on their goals.  Susan: Depending on their goals. if they never wanted to bring an associate, you can set it up as a sole proprietor. , I would advise talking to a C P A to see if there's probably a tax advantage for being an S-corp over all of that self-employment tax. So me, I suggest always going with an S-corp and then credentialing that S-corp. Now, credentialing and contracting are two different things. What's the differe? Credentialing is that background check that the insurance company does to say that you are a licensed dentist in the state that you are wanting to practice. That you have an active license that has no infractions against it, and that you are operating in the scope of that license. So that's the credentialing process. That's why you have to give them your malpractice insurance, a copy of your license, your photocopy of your id, your dea, e. All of that is credentialing and you can be fee for service. But you still have to credential so that you can get paid. They need that W nine with your tax id. They need to know that your tax ID matches your I R s confirmation that you're gonna pay taxes on the income, cuz they're gonna issue you a 10 99 from the insurance company based on that tax id. with. all of that information, I really think that you're gonna see the best results by being an S-corp.  Michael: Gotcha. Okay. So S-corp, if, if anything, right, like right now we're like, okay, we wanna have an associate, you know, we wanna do all these other things that you mentioned. We wanna have an S-corp have the associate in Dentrix as well, right? Yes. Whenever you start bringing them. And  Susan: then And market. Yay. Marketing. Yeah. Yeah.  Michael: And marketing. Inden.  Susan: yes, open dental, Eaglesoft. They all have the ability now to text, email, do campaigns. They can put it out on their website and do a blast. There are so many opportunities to get information out there now, of all the transitions that I've seen over the course of the last, you know, almost two decades that I've had my company. what has been detrimental is not informing people, not letting them know that there is a doctor that is retiring or that the office is selling. they get a feeling of betrayal a little bit. , they get their feelings hurt when there's not transparency there. So I, I'm a huge advocate for marketing the new incoming provider at any stage, you know, even, even if a doctor's, you know, going out for surgery or a doctor is going out from maternity leave. They wanna be included. Not just your staff, but your patients. They wanna feel a little bit of a connection.  Michael: Gotcha. Yeah, I a hundred percent agree with that. Like you wanna, you know what I mean, like let them know you're part of the family kind of thing, you know, so. Exactly. Gotcha. Okay. So in a nutshell, these three steps and processes or methods help out specifically how with our, our medical and dental. Susan: getting you paid, you want paid, how are you gonna get paid? You wanna get paid fast, have things in place so that that happens. Mm-hmm. , these three things will help you get there.  Michael: Get paid. Gotcha. Get paid. Awesome. Awesome, Suzanne. Thank you. I appreciate your time and if anyone has further questions, you can find her on the Dental Marketer Society Facebook group, or where can they reach out to you  Susan: directly? My website is, 180 dental.net. I'm also on Instagram at 180 Dental and Facebook at 180 Dental. Awesome. So they can reach out to me on any social media platform and I primarily work with other dental referrals. I don't have a marketing campaign where I solicit.  Michael: that's good. Referrals is like the best way. You know what? It  Susan: really is. It is. I love, I love what I do and I love my clients. Nice. Wonderful. My team is very good at cleaning up Dentrix databases after a transition or before to get your numbers. So they're real. Yeah, they're trustworthy.  Michael: Gotcha. Awesome. So guys, that's all gonna be in the show notes below. If you wanna reach out to Suzanne and Suzanne, thank you for being with me on this Monday morning marketing episode. Thank  Susan: you. I appreciate it.‍