Podcasts about tax accountant

Taxes. They're not the most exciting part of running a business, but they're unavoidable. If tax season snuck up on you and you're staring down a bill you can't pay, don't panic, we've got you covered!  In this episode, Danielle Hayden, CPA and founder of Kickstart Accounting, Inc., walks you through what to do when you can't pay your IRS tax bill. From filing your return (even if you can't pay right away) to exploring payment plan options, Danielle breaks it down with practical strategies to take control of your finances and stay out of trouble with the IRS. Key Takeaways:  Step 1 - Don't Ignore the Problem: Avoiding your tax bill only makes things worse. The IRS can impose serious penalties, so taking action right away is crucial. Always File Your Tax Return, Even If You Can't Pay in Full: The failure-to-file penalty is significantly higher than the failure-to-pay penalty. Filing on time helps minimize extra costs. Step 2 - Pay What You Can: Some payment is better than none. Put the amount of money towards the tax bill you can afford, and begin assessing the options available to you to pay the remaining balance.  Step 3 - Evaluate Your Payment Options: The IRS offers short-term and long-term payment plans, often at lower interest rates than credit cards or loans.  Weigh Your Financing Choices Carefully: Compare the IRS interest rate (around 8%) with other options like credit cards or personal loans to determine the most cost-effective way to pay your tax bill. Bonus Tips: Plan Ahead to Avoid Future Tax Surprises: Set aside money regularly for taxes, pay estimated taxes quarterly, and use financial statements to track your tax liability. Have a "Money Team": Having a trusted bookkeeper and tax accountant working together can help you stay ahead of tax season and avoid stressful surprises. Topics Discussed: Why You Shouldn't Ignore Your Tax Bill (00:02:08 – 00:03:06) Filing Your Tax Return vs. Waiting Until You Can Pay (00:02:36 – 00:06:43) IRS Payment Plans and Evaluating All Financing Options (00:07:36 - 00:08:04) Smart Strategies to Avoid This Situation in the Future (00:08:04 – 00:11:17) The Importance of a "Money Team" (aka a bookkeeper and tax accountant) (00:11:17 – 00:12:15)   Resources: All Our Episodes & Articles on Taxes | Tackle Your Taxes with Kickstart Accounting, Inc.  KSA Tax Partners | https://ksataxpartners.com/  Free Gift | ‘How Much to Pay Yourself as a Business Owner' Calculator   Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

Taxes. They're not the most exciting part of running a business, but they're unavoidable. If tax season snuck up on you and you're staring down a bill you can't pay, don't panic, we've got you covered!  In this episode, Danielle Hayden, CPA and founder of Kickstart Accounting, Inc., walks you through what to do when you can't pay your IRS tax bill. From filing your return (even if you can't pay right away) to exploring payment plan options, Danielle breaks it down with practical strategies to take control of your finances and stay out of trouble with the IRS. Key Takeaways:  Step 1 - Don't Ignore the Problem: Avoiding your tax bill only makes things worse. The IRS can impose serious penalties, so taking action right away is crucial. Always File Your Tax Return, Even If You Can't Pay in Full: The failure-to-file penalty is significantly higher than the failure-to-pay penalty. Filing on time helps minimize extra costs. Step 2 - Pay What You Can: Some payment is better than none. Put the amount of money towards the tax bill you can afford, and begin assessing the options available to you to pay the remaining balance.  Step 3 - Evaluate Your Payment Options: The IRS offers short-term and long-term payment plans, often at lower interest rates than credit cards or loans.  Weigh Your Financing Choices Carefully: Compare the IRS interest rate (around 8%) with other options like credit cards or personal loans to determine the most cost-effective way to pay your tax bill. Bonus Tips: Plan Ahead to Avoid Future Tax Surprises: Set aside money regularly for taxes, pay estimated taxes quarterly, and use financial statements to track your tax liability. Have a "Money Team": Having a trusted bookkeeper and tax accountant working together can help you stay ahead of tax season and avoid stressful surprises. Topics Discussed: Why You Shouldn't Ignore Your Tax Bill (00:02:08 – 00:03:06) Filing Your Tax Return vs. Waiting Until You Can Pay (00:02:36 – 00:06:43) IRS Payment Plans and Evaluating All Financing Options (00:07:36 - 00:08:04) Smart Strategies to Avoid This Situation in the Future (00:08:04 – 00:11:17) The Importance of a "Money Team" (aka a bookkeeper and tax accountant) (00:11:17 – 00:12:15)   Resources: All Our Episodes & Articles on Taxes | Tackle Your Taxes with Kickstart Accounting, Inc.  KSA Tax Partners | https://ksataxpartners.com/  Free Gift | ‘How Much to Pay Yourself as a Business Owner' Calculator   Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc  

Feeling stressed about the April 15th tax deadline? You don't need to be! Here's the good news, filing a tax extension isn't just okay; it's often the smartest financial move to make if you're in a position of rushing to file your taxes by the deadline.  In this episode, Danielle Hayden, CPA and founder of Kickstart Accounting, Inc. and KSA Tax Partners, breaks down everything you need to know about tax extensions, both the common misconceptions and benefits surrounding them as well as how they factor into tax prep. Key Takeaways:  Understanding Extensions: A tax extension provides an additional six months to file, but estimated taxes must still be paid by April. Tax Extension Myths: The IRS does not penalize or audit you for filing an extension; they just want their money on time.  Accuracy Over Speed: Filing too quickly can lead to costly mistakes—accuracy should come before speed.  CPA Support: Most CPAs, including KSA Tax Partners, handle tax extensions automatically for their clients. Planned Tax Prep: Scheduled tax weeks at KSA Tax Partners ensure transparency and eliminate uncertainty. Topics Discussed: What Is a Tax Extension (00:00:31 – 00:01:27) Tax Extension Common Misconceptions and Benefits (00:01:27 – 00:04:47) Tax Prep and KSA Tax Partners' Approach (00:05:01 – 00:08:18)   Resources: KSA Tax Partners | https://ksataxpartners.com/    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

Feeling stressed about the April 15th tax deadline? You don't need to be! Here's the good news, filing a tax extension isn't just okay; it's often the smartest financial move to make if you're in a position of rushing to file your taxes by the deadline.  In this episode, Danielle Hayden, CPA and founder of Kickstart Accounting, Inc. and KSA Tax Partners, breaks down everything you need to know about tax extensions, both the common misconceptions and benefits surrounding them as well as how they factor into tax prep. Key Takeaways:  Understanding Extensions: A tax extension provides an additional six months to file, but estimated taxes must still be paid by April. Tax Extension Myths: The IRS does not penalize or audit you for filing an extension; they just want their money on time.  Accuracy Over Speed: Filing too quickly can lead to costly mistakes—accuracy should come before speed.  CPA Support: Most CPAs, including KSA Tax Partners, handle tax extensions automatically for their clients. Planned Tax Prep: Scheduled tax weeks at KSA Tax Partners ensure transparency and eliminate uncertainty. Topics Discussed: What Is a Tax Extension (00:00:31 – 00:01:27) Tax Extension Common Misconceptions and Benefits (00:01:27 – 00:04:47) Tax Prep and KSA Tax Partners' Approach (00:05:01 – 00:08:18)   Resources: KSA Tax Partners | https://ksataxpartners.com/    Book a Call with Kickstart Accounting, Inc.: https://www.kickstartaccountinginc.com/book    Connect with Kickstart Accounting, Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube | https://www.youtube.com/@businessbythebooks  Facebook | https://www.facebook.com/kickstartaccountinginc

Joshua Thompson and I talk about him moving from California to Texas, tax accounting, cryptocurrency, and investing. You can find his website here: https://thompsontaxgroup.com

Nancy McClelland is the Owner of The Dancing Accountant, a firm specializing in bookkeeping, tax preparation, accounting, and advisory services for small businesses. With over 30 years of experience, she helps businesses streamline financial processes, improve compliance, and adopt best practices. Nancy also educates bookkeepers through her Ask a CPA membership community and writes an award-winning blog at TheDancingAccountant.com. She has been recognized as a Top Client Services ProAdvisor and one of Ignition's Top 50 Women in Accounting. In this episode… Managing your business finances can feel overwhelming — especially when your bookkeeper and tax accountant seem to operate in completely separate worlds. Without clear communication between them, mistakes happen, deadlines get missed, and tax season turns into a stressful scramble. So how can you ensure these key financial professionals are working together to support your business success? According to Nancy McClelland, a nationally recognized CPA and financial educator, alignment starts with clear roles, regular communication, and a shared commitment to accuracy. She highlights that many business owners assume hiring both professionals means everything is handled, but in reality, lack of coordination leads to costly errors and duplicated work. By fostering a team mindset, setting clear expectations, and ensuring that financial records are tax-ready year-round, small businesses can avoid last-minute panic and make better financial decisions. Nancy also emphasizes that technology can bridge communication gaps, making it easier for bookkeepers and tax accountants to collaborate effectively. In this episode of the Financial Clarity podcast, host Hannah Smolinski sits down with Nancy McClelland, Owner of The Dancing Accountant, to discuss how business owners can align their bookkeeper and tax accountant for financial success. They break down the importance of defining responsibilities, creating an accountability chart, and scheduling regular check-ins. Nancy also gives practical advice on leveraging technology to streamline bookkeeping and tax preparation.

Episode 244 FACULTY: Matthew Cordes, EA and Adam Markowitz, EA CLASS: #AccountingHigh In this episode of Accounting High, Scott Scarano, EA invites the EA team for a discussion about the importance and impact of Enrolled Agents (EAs) in the tax and accounting world. Joined by EAs Adam Markowitz and Matthew Cordes, the conversation dives into their journeys, experiences, and the misconceptions surrounding EAs. The episode also features the premiere of a new OKR track “Smells Like EA's”.

JT Genter didn't set out to become a digital nomad. He was working as a tax accountant when he and his wife decided they wanted to do some traveling. Looking for a way to reduce the cost of a trip to China, he discovered that signing up for one credit card could get them enough miles to fly round-trip for almost nothing out-of-pocket. As luck would have it, points and awards was a growing area of interest in the travel space, aligning perfectly with JT's experience in accounting and his love of travel. This intersection found him contributing as a freelance writer for The Points Guy, eventually earning a position as a full time writer for the publication and later as the editor-in-chief of AwardWallet, which has allowed him and his wife to travel full time. In this episode of The Travel Writing Podcast, Nathan and JT talk about how JT found his unique niche, why flying economy allowed him to get his foot in the door, how he keeps himself organized with a travel schedule that has him moving every few days, his approach to the boom in AI as the editor-in-chief of a growing publication, and more. If you enjoy the episode, don't forget to subscribe and leave a review!

On today's 186th BONUS Episode of The Thriller Zone, host David Temple is happy to welcome two-time Edgar Award-winning Author Lori Roy as she discusses her latest book, Lake County.The book is set in 1950s Florida and follows the story of Addie Ann, a young woman who tells a lie to pursue her dream of becoming a Hollywood actress. However, her lie puts her family in danger and leads to a collision with the Tampa mafia. Lori shares her background as a tax accountant turned writer and her journey to becoming a published author. She also emphasizes the importance of writing the book you want to read and developing all aspects of writing, including plot, characters, and setting.New York Times Bestselling Author Michael Connelly says, "I loved it. Lori's voice is so entrancing you can almost smell the orange blossoms and blood."Now, that will get your attention! To learn more visit: LoriRoy.comWATCH & SUBSCRIBE to our channel at YouTube.com/thethrillerzoneSIGN UP & JOIN us on our website at TheThrillerZone.com FOLLOW us on X.com/thethrillerzone, Instagram.com/thethrillerzone & Facebook.com/thethrillerzone LISTEN to us on ALL the popular Podcast Channels like: ApplePodcasts @ https://podcasts.apple.com/us/podcast/the-thriller-zone/id1577303372Spotify @ https://open.spotify.com/show/4f5vHVcT6DvXpZJ8nopIAU?si=6823127df7044420iHeartRadio @ https://www.iheart.com/podcast/338-the-thriller-zone-107694289Chapters00:00 Navigating Technical Difficulties00:00 The Journey to Becoming an Author15:55 Crafting Compelling Stories The Story Factory is an entertainment company representing some of the best authors in the business.

Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide.Timestamped Show Notes:(00:00) - Introduction to the episode with hosts Tait and Ryan.(01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops.(04:02) - Explanation of tax brackets and progressive tax systems.(05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes.(10:24) - Detailed analysis of leasing aircraft and tax implications.(17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages.(23:46) - Overview of various tax reduction strategies and charitable giving.(28:36) - Introduction to tax and legal workshops offered by Toby's firm.(32:02) - Five top tax tips for pilots including HSA benefits.(44:58) - Discussion on solo 401k benefits and other tax-deferred accounts.(53:15) - Conclusion and thanks to guest Toby Mathis.Resources Mentioned:Tax & Asset Protection WorkshopDallas Conference June 27-29Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

Does Influencer Shaley Ham love neon? Hear her answers to Love It or Leave It in 2023. Join as Shaley takes you behind the scenes and reveals her secrets and tips about the Western and English Sales Association (WESA) show and what it's like being a Style Eyes.

This Podcast Is Episode 556, And It's About Rest And Reset For Construction Contractors And Business Owners To be in business and to remain in business, become a business person! To run a business, you must be business-like. It's not sufficient just to be very good at what you do. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that" is no excuse. Are you 'too busy' to be a competent businessperson? If so, your construction business won't last long. You must continue to develop your business skills.   To be a businessperson, you have to make an effort to become something of an 'all-rounder,' not just a specialist player. You can offer outstanding goods or services, but if you don't develop sound business systems, you are not a fully rounded businessperson, and your business will be in danger of failing.   Having a system in place is your key to enjoying a stress-free holiday. There's no need to be overly anxious about your construction business during this period (this week, between Christmas and New Year, for instance) as long as you have a few basic precautions. It's never too late to start building a system; you never know when you might need a break for a momentous occasion or your health and well-being. Back up all your important documents and information and store the backups in a secure place off-site. It also makes sense to take this one step further and check that you can restore your systems from your backup. Arrange for a responsible staff member or someone independent of your business to monitor your premises (if you have one). Alternatively, install security systems if you haven't already: fire alarms/sprinkler systems and break-in monitoring by a security firm. This is something to consider if you haven't done this yet. It's also good to ensure you have appropriate insurance coverage and that your insurance policies haven't lapsed. Practice the Art of Delegating - yes, this is possible even if you're a one-person company. You can outsource small tasks and hire a specialist for a more specialized job in many ways. A virtual assistant can communicate and respond to inquiries, emails, and social media. A construction bookkeeper can take care of your last bits of receipts and payroll. You can also: Plan for contingencies. What would you do if staff fell ill? Who should be contacted if there are any unexpected calamities? Discuss your team's concerns and your own. Pick the right people for the right jobs. This is critical if you want your construction business to continue to operate well in your absence; you'll be relying on your staff while you are away. It is essential that you prepare them. Ensure everyone is familiar with the contingency plans – discuss, revise, and practice them before departure. As a construction business owner, taking time away from work is essential. But worrying about whether staff are meeting deadlines and suppliers are happy translates to more stress and less time enjoying your holiday. With some staff communication and planning beforehand, you needn't worry that your business won't be able to cope in your absence. If you can't switch off from work mode or something urgent pops up, technology can be a great way to check in and ensure things are ticking along. Is it time to start over? For those of you who are using this week to rethink your administration and paperwork processes, I might be able to help you clear some bookkeeping blunders. Sometimes, a contractor's QuickBooks (or bookkeeping) file is a hopeless mess, and fixing it would cost more than simply starting over would cost. Here is a list of warning signs that can help you decide: Nothing inside QuickBooks makes any sense to you. None of the Financial or Job Costing Reports make sense to you. Your QuickBooks bank or credit card balance differs entirely from your last Bank Statement.  Worse yet, your bookkeeper puts all the credit card statement charges in bulk using Journal Entries. Time flies when everyone is busy. Start now and review your records for the following items: Missing Federal Tax IDs and requesting the W-9. Have all your employees verify their pay stubs for the correct address. Check Apartment numbers and zip codes. Have any of the neighborhoods been annexed into the city? Year-End Accounting Clean Up Your Tax Accountant will send your booklet with what they want for records.  What are the loose odds and ends missing for this year? Do you have a formal Accounting System? Do you need to clean up the Accounting beyond the last few months?  Do you have bank statements?  Can you find all your receipts? Tax Accountants do "workarounds" to file your annual taxes. At some point, the Tax Accountant may refuse to clean up and deal with the Lack of Good Records or Messy Records. Tax accountants will have more clients who want their taxes done as the economy improves.  A good tax accountant can do Many Simple or Less Complicated Returns in the same amount of time it takes to do a Messy, Complex Business Return. More Tax Returns become more complex than is necessary because the documents or lack of records make them messy and complicated to deal with.  A tax accountant will assume you gave them everything you had. In reality, you gave The Tax Accountant only what You thought The Tax Accountant needed versus all of the records that might save you additional money in taxes.  A sound accounting system will help you decide better what to buy and what jobs to accept. When did you afford to take payment plans from your clients? When is the need or ability to raise your prices? Only you can decide if the lack of good records was worth the low price. Final thoughts If you're taking time over the holidays, really take time. Don't take time off but then spend that time constantly checking for work-related texts and emails or attending meetings. Put your cell phone away. Stop checking your email. Set an outgoing email that lets people know when you'll respond to their messages, and change your voicemail to note your days off. That way, you can rest, relax, and enjoy your break. As the year ends, whether you are resting or restarting, don't wait until the last minute to get your accounting in order - start early to avoid any potential issues or penalties. Let me know if you need help with your year-end accounting. Contact us to find out how we can help you bring more balance to your business. The New Year is three days away. Are you ready? PS  We offer free resources to help you save time and money that you can download and print now.  About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com    

This Podcast Is Episode 553, And It's About How To Avoid Year-End Construction Bookkeeping Chaos As the year comes to a close, it's important to start thinking about your bookkeeping tasks to ensure a smooth transition into the new year. Deadlines are fast approaching, but it doesn't have to be stressful.    Have you given your bookkeeper, wife, partner, accountant, or tax accountant the information needed to complete your reports? Accountants need good information to create detailed reports and save money on your taxes.   Here is where the expression "Garbage In Equals Garbage Out" comes into play. It is impossible to create Job Costing Reports when all anyone knows is the deposit amount on the bank statement.     It's the Mad Dash To The End Of The Year as a contractor recently described their Year End Madness to prepare his documents for the Tax Accountant. Are you in this cycle? I have great news for you - it is preventable. 1. Review your accounts:  Make sure all your accounts are reconciled and up-to-date. This includes bank accounts, credit cards, and any other accounts.  In Construction Accounting, not everything is an expense. Not every item, tool, material, or customer enters the Chart of Accounts. In some cases, Class Tracking is helpful, but most of the time, it is used to make up for a poor Chart of Accounts or as a "workaround" for an accounting product not designed to have Job Costing Reports or Cost Of Goods Sold. Giving your bookkeeper only your bank statements and saying "Fix It" – I Want Job Costing Reports, I Want To Know Details is not enough. Doing it the way you have always done it – expecting a different result isn't how it works. 2. Review your files: Go through your year's costs and ensure they are all properly categorized. This will help you with your tax reporting and better understand where your money is going.  One of the most overwhelming parts of the end of the financial year is finding all the invoices, receipts, and reports you need to file your taxes correctly. Pay attention to how easy it was—or wasn't—to find what you needed this past year. Did you have to search 15 different places for all your receipts? Did you have a combination of online and physical invoices? Did you have clearly labeled folders for everything? Did you leave everything for the last minute? If you search high and low for every piece of paper you need, you might want to consider revising your paperwork so it's easier and less time-consuming to manage. Can you keep track of everything through software and apps? Is there technology or equipment that can help you? Is it worth investing in a filing cabinet? The effort you put now into sorting your paperwork will pay off hugely every year when you can quickly and easily find all the information you need. Let's face it; you'll come up against the end of the financial year every year, so you may as well be systematic about it. 3. Collect your receipts: Ensure you have all your receipts from the year. This includes receipts for business expenses, charitable donations, and any other tax-deductible expenses. Every missed receipt that is a business expense is a missed deduction. Bookkeeping is all about tracking the money. Money In, Money Out is just following the checkbooks. Accounting is entering into an Accounting System that creates a Profit and Loss and Balance Sheet for the Tax Accountant to do the Annual Taxes. (Every successful contractor should have a Tax Accountant do their annual tax return) 4. Reflect on your year: The end of the financial year is a perfect time to reflect on how the past year went. Celebrate the big successes, but remember to focus on other victories. Even if you didn't meet your financial targets, did you survive a particularly tough year? Did you manage to pivot your construction business and try a new model? Did you take some risks and learn from them? Did you grow your business or expand your offerings? It's great to have goals for each year and celebrate when you achieve them, but it's also essential to look at where things didn't go according to plan and how you grew from those situations. You may need to refine your business plan if you're not meeting your financial targets or rethink how you arrive at your goals in the first place. Do this before you start planning the year so you can revise your strategies in the future. 5. Plan for the new year: Take some time to plan for the new year. This includes setting goals, creating a budget, and thinking about any changes you may need to make to your bookkeeping processes.  Now that you've reflected on what went well and what went sideways, you can better plan for next year. Research upcoming events and schedule your marketing calendar. Plan to address slow times or busy periods. If you didn't meet your financial targets last year, either change how you set your goals or your strategies for achieving them. At Fast Easy Accounting, we have an entire department, The Project Management Department, that questions every bit of our Contractors Bookkeeping System every day and continually finds new and better ways to improve it and make it more valuable to Contractors like you no matter where you are in the USA Including Alaska and Hawaii.  For clients, we added a document management system that links with many banks and credit card companies across the country (adding more all the time). We still use our original Document Management System behind the scenes. The two companies have figured out how to work together to benefit us and our clients. Change is not always easy, but we are so glad we did. The same applies to you, the construction business owner. As you figure out ways to be more efficient, better pricing, and prove a better product and service, your cash flow and profits will increase massively, which means more money in the bank to operate and grow your Construction Company and more freedom to do the things you want to do with your life! Final thoughts By following these tips, you can ensure that your end-of-the-year bookkeeping is completed accurately and efficiently, giving you a head start for the new year. We are also here to help. We are not here to beat up on you for "How You Have Done It." You know it's messy and missing stuff. We know it, too, and we want to help figure out the gaps.  PS  We offer free resources to help you save time and money that you can download and print now.  About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

With an MBA in Finance and Management from Rutgers and a Bachelor of Business Administration in Accountancy from City University of New York, Alina Trigub has worked as a Tax Accountant at Ernst & Young, as well as in the private accounting sector. She also has twenty years of successful technology experience. Alina has also worked for TF Management Group LLC, a private equity real estate fund management company, where she was the Head of Investor Relations. Alina is an active real estate investor with a concentration on the commercial real estate buy and hold strategy. Alina offers her expert and in-depth experience to support investor education through personalized one on one coaching, articles, animated video-series, and presentations as a sought after speaker at numerous real estate events. Alina lives in New Jersey with her loving husband and two awesome kids. In episode 406 of the Fraternity Foodie Podcast, we find out why Alina decided to come to the United States to attend Baruch College, how working as a Ernst and Young tax consultant helped to shape her, what it was like moving to the Information Technology sector for work, how she started her real estate journey, how investing in the stock market compares to investing in real estate, what college students should know about investing in their 401K or a self-directed IRA, and advice to college students on managing their debt. Enjoy!

Middle Ground with JLE L.L.C. "Where We Treat You Like Family" welcomes All Aboard Financial Virtual CFO & Tax Accountant Tiffany Watson, MBA as she shares her journey to build a relationship with her clients.

As you are listening to this episode, I'm on my 4 week vacation®️, but I did not forget about you! I want to keep you inspired and motivated about what's possible, so I'm bringing you another 4 week vacation®️ story that is full of fun. We are featuring this encore edition of Ep. 28 with John Briggs, founder, and CEO of Incite Tax Works, who took a 4 week vacation®️ at the height of tax season. We recorded this interview in March 2019, when John was two weeks away from his 4 week vacation®️. We talked about the necessary mindset shifts as you prepare for a 4 week vacation®️, along with a critical, last-minute hiring piece that had to fall into place for John. Also worth noting, John was in the process of writing his first book, Profit First for Microgyms, which is now in print.  When you're starting on this journey, it may feel like you have a huge mountain to climb before your 4 week vacation®️ is a possibility. Remember that it truly is a journey of small steps forward taken in a consistent direction that lead to big change over time. If you want to take a fully unplugged 4 week vacation®️, connect with us and make the 4 Week Vacation®️ Pledge today! Let us support you in making this dream a reality for YOU!   Profit by Design is a Tap the Potential Production Production.   Show Highlights: Why it feels surreal to John to take a 4 week vacation®️ in the height of tax season How the book Clockwork by Michael Michalowicz became a personal challenge for John How John prepared for three years to make his 4 week vacation®️ happen Why entrepreneurs have to make a critical mindset shift in delegating responsibilities to their team members Why it's important to trust your team members and even thank them for their mistakes Key first steps in preparation for John: making a list and implementing systems How John struggled with key hires and found help through Dr. Sabrina and the How to Hire the Best system How John created a remarkable recruitment marketing video to convey how Incite Tax Works is different–and to attract the right team members What John is planning for his 4 week vacation®️ An overview of John's book, Profit First for Microgyms, and his Five Day Cash Challenge Links and Resources:   Connect with John and Incite Tax Works: Website, Profit First for Microgyms, and John's Free Five Day Cash Challenge See John's recruiting video here in our Great Place to Work spotlight.  Make the 4 Week Vacation®️ Pledge:  www.tapthepotential.com/pledge   Join the Better Business Better Life Jumpstart. Take the Better Business, Better Life Assessment: www.tapthepotential.com/assessment   Join the Tap the Potential Community on Mighty Networks: www.tapthepotential.com    Let us help you and your business! Book a call with us today!  Learn more about our Breakthroughs Retreat scheduled for March 2024!   Let us help you manage your time, your most valuable resource! Get your FREE copy of the   Tap the Potential Strategic Planner for 2023 at www.tapthepotential.com/planner.    Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour  

This Podcast Is Episode Number 528, And It's About Construction Accounting Concepts You Can Benefit From Today   As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices, it can be challenging to know where to start. That's where we come in! This guide will break down the essential accounting principles that every small construction business owner should know. We'll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for your business. So, let's dive in, shall we? Why Are Accounting Principles Important for Construction Businesses? Accounting principles are the foundation for any successful business. They provide a uniform framework for recording and reporting financial transactions, ensuring consistency and accuracy in your financial records. By adhering to these principles, you'll be able to: Make better financial decisions based on accurate and reliable data Monitor your business's performance and identify areas for improvement Meet legal and regulatory requirements for financial reporting Build trust with investors, lenders, and other stakeholders   All Accounting Uses The Same Accounting Equation Assets = Liabilities + Equity Regarding construction accounting, several concepts can be highly beneficial to understand. Here are a few you can start taking advantage of today: Construction Accounting Vs. Regular Accounting Not everyone knows what construction accounting is, and easy to assume all accounting is the same. Construction Accounting Is Used - When the entire place of business is packed up and taken to the customer. In essence, you are selling, assembling, delivering, and installing a customized product from a mobile shop on location. Think of it like shooting a movie on location without all the glamor, resources, and money to go with it. Why is there confusion? From a tax standpoint, most construction projects are all lumped together, and after the Cost of Good Sold, Expenses, and Depreciation, you either made money or didn't. The Tax Accountant rolls the numbers to compute the annual tax return. Therefore, if the information is not needed to be broken down for taxes, then the Tax Accountant is not concerned. As the Construction Contractor paying the bills, you are constantly concerned about which jobs are "Making Money or Losing Money." "Why does it seem like I am watching the money fly by and zooming out of my checking account? It never seems like there is any money left over!" Materials A construction contractor may purchase material and resell it to their customer. Thereby thinking it is a reimbursable expense. (You lose money when doing this).  Remember all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) are income. Every line item on a customer invoice is ALL INCOME. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Washington State, for instance, has a clear explanation.  Purchases for the material are Cost of Goods Sold or are expenses if you are short-cutting your accounting. I have seen financial statements backed out because they will reflect reimbursable income as a negative number, thereby showing it as a deduction. (The net effect is double dipping on the expense side) The cause is that the accounting software is not correctly set up.  Cost Of Goods Sold (COGS) It appears regular bookkeepers over their heads with construction accounting are trying to figure out how to input new QuickBooks transactions by copying previous transactions. This is not an issue with regular accounting because there is only one or two costs of goods sold accounts (COGS), no direct COGS, no indirect COGS, no Work-In-Progress (WIP), no retention, no job costing allocation to consider, and only one customer "cash sale" in addition to several other variables involved in construction accounting.  For example, a material receipt arrives at the regular bookkeeper's desk from a lumber supplier, and they open the QuickBooks contractor file, look up the supplier to determine how the previous lumber purchase was coded, and proceed to code the new transaction the same way. The problem is that each transaction is unique and could go into any of a dozen accounts or item codes depending upon whether it is a direct cost, indirect cost, WIP, retention, warranty, overhead, administrative, or other costs, or simply an expense. The cumulative effect of these bookkeeping errors in one month can do enough damage to the financial and job cost reports to bankrupt a contractor eventually. Another example is if the bookkeeper generates job costing reports that are off by 10%, it could cause the contractor to make radically different decisions based on what they believe about the job costing reports. If the contractor believes the company is undercharging, they may raise bid prices, lose jobs, eventually run out of cash, and file bankruptcy. If the contractor believes the company is overcharging, they may lower bid prices, lose money on all jobs, eventually run out of cash, and file bankruptcy. Many bookkeepers have lost their jobs and are freelancing as Jack-of-All-Trades and Master-of-None bookkeepers, doing whatever work they can find, and I understand that everyone needs to eat. I would prefer they avoid contractors and stick to regular bookkeeping like retail stores. The net result is that more contractors are going out of business due to inadequate financial and job costing reports just when construction demand is about to grow. Fix the giant boulders one at a time. Get that one thing working, then move on to the next one. What is the most annoying thing you can quickly fix? We talk about accounting because that is our primary focus. Start with the basics: Open a business checking account. Use a dedicated credit card for the business (if using a personal card). Create invoices, present them to your customer, collect the money, and get it in the bank (Do you have an easy way for your clients to pay you?). Collect the money ASAP because, without cash flow, you are out of business. No - the company with the most Accounts Receivable or Accounts Payable does not win a prize. Accounts Receivable means your customers owe you money. Accounts Payable means you owe money to your suppliers. Net Profit is the money left over. You want lots of Net Profit! You are not a banker! Stop borrowing money using your credit cards, Loans, and Lines of Credit, then finance customers' projects at 0% interest. Final thoughts Becoming knowledgeable in accounting principles has the power to transform the way you run your construction business. Understanding and implementing these concepts in your construction accounting practices can improve your financial management and set your business up for long-term success. Fast Easy Accounting does the bookkeeping, accounting, and payroll and offers business coaching for small, brand-new Construction Contractors, General Contractors, Trade Contractors, and Handymen across the USA, including Alaska and Hawaii. Do the parts only you can do; leave the rest to us. You are never too small for us to help, and we can help to begin with your first day in business. Schedule your free consultation here. About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

On this episode of DIY Money, Quint and Daniel talk about how they find professionals to work with.

On this episode of the Divorce Remix Podcast, I'm chatting with Channika Daniels, Tax Accountant and Expert and owner of New Beginnings, One Stop Tax Relief and Preparation. Taking care of our taxes is the last thing that comes to mind when experiencing a devastating event like a divorce. In our discussion, Channika shares some helpful things to think about and prepare for during tax time. You can connect with her at https://www.onestoptaxhelp.com/.

In this episode (Part one of two episodes in the TAXES SERIES), X3c shares his knowledge on avoiding jail time by avoiding these critical mistakes. He wants everyone to learn from his mistakes, so you don't have to suffer the agony and frustration later.   Music Title 1: Last Summer by Ikson | Genre and Mood: Dance & Electronic + Bright Music Title 2: Miami Vibe 2 by Alfonza Jackson   Follow me on Instagram: X3c Follow me on Twitter: NoPantsRequired Email: X3cMedia@gmail.com   Subscribe or follow No Pants Required at https://nopantsrequired.podbean.com/   Use my Coupon code "NoPantsRequired" at https://www.esntls.co/?ref=f7lklkvyxihr for a discount on ESNTLS Bamboo T-shirts.   Get FREE stocks using my Robinhood referral link: https://join.robinhood.com/warrenc435   Keywords: #NPR #Money #PersonalFinance #Finance #Stocks #GlobalCommerce #Planning #Business #Technology #Tech #Taxes   Disclaimer: I'm not a financial expert - I'm just sharing information from my perspective and strategies I find successful.

As an industry, podcasting is arguably still in its adolescent years. It's only 15-20 years old and changes all the time.One of its charming features is you can choose a topic you're interested in and become the voice of that show.I recently met a fellow podcaster through my internet hosting company and decided to bring her on the show to share her voice and journey into this industry.I'm very pleased to welcome Jennifer Thomas, Cohost of the Honestly Unfiltered Podcasts.In this episode, you'll learn ...Her connection with Tennis great Nick BollettieriWhat it's like to work full-time as an accountant while getting established as a podcasterWhat you'll hear on Jennifer's Honestly Unfiltered Podcast show... and much much more!Thank you for stopping by today as it is my hope you will listen ... learn ... and connect!Jeni Thomas is the Producer and Co-Host of The Honestly Unfiltered Podcast. In their podcast, Jeni and her Co-Host, Ellie David, share open and honest conversations, discussing anything and everything. They created the podcast to embody discussions women would share with their closest friends. Because in times of uncertainty, it helps to know that you are not alone in what you are going through.Jeni is also a Tax Accountant and Strategist and has spent the last ten years in Public Accounting. At her accounting firm, The Tax Office in Parrish, she focuses on helping small business owners navigate strategies to minimize their tax liability.Jeni also helps small business owners in their day-to-day operations with day-to-day operations such as Bookkeeping, Payroll Administration, Audits, Quarterly Payroll Taxes, Sales Tax, and Corporate Income Tax Filings.Jeni is also a Licensed Real Estate Agent in the state of Florida. She studied Business Management and Journalism at Eckerd College in St. Petersburg, Florida.InstagramFacebookTwitterYoutube

Jeff Brandeis - is an Awesome Warrior. He is a husband, father, grandfather, business owner, entrepreneur, coach, speaker and consultant. His 30+ year Warrior journey began in Queens, NY but then moved to Florida where he was a Tax Accountant for 24 years before moving into coaching, sales, and starting his own business. Today, Jeff has transitioned from working with clients to save them money on their taxes, to working with clients to have the retirement they truly want and to be debt free. His vision is to utilize a proven system of eliminating debt including mortgages typically in 9 years or less and giving families new hope for a financial future that they never knew was possible. Join our private #BeeKonnected Groups at:RPN BKGroup http://bkvisionwarrior.com/RPNGroupWarrior vs Zombie Group https://bkvisionwarrior.com/WarriorJeff's Website https://www.debttofortune.com

This Podcast Is Episode Number 511, And It's About The Difference Between A Construction Accountant And A Tax Accountant How often have you hired someone with the expectation that they know how construction works, and then you found out they did not know about it? You are a master in the construction industry, so you recognize what to look for in your particular field and quickly observe if someone has the skillsets, and you proceed accordingly. You know what happens when you send your best Rough Carpenter that you pay piece work for framing spec from the ground up in all kinds of weather and working conditions to install some custom-made cherry wood cabinets with gold plated pulls and knobs in the home of your best client (who happens to be in the wealthiest neighborhood in your town). It is not a pretty sight. Have you pictured a crew with muddy work gear and boots stepping onto your client's pristine floors? The dirty secret is that Tax Accountants operate like Rough Carpenters because they work fast and furious, and they are paid piece work. The main difference is that they earn the bulk of their annual income in three and a half months. This means they do not waste time going through your receipts to ensure you get all the deductions you are entitled to.   Both Groups Are Important, And Each One Fills A Need Project Management Construction Accounting Professionals (PMP) work above the line and focus on generating positive outcomes and results for contractors: Increase Sales Reduces Expenses Increase Net Income Certified Public Accountants (CPA) work below the line focused on filling out annual income tax forms, ensuring contractors pay their fair share of taxes, preparing certified financial statements, and performing audits on your QuickBooks contractor file.  Three Times Construction Contractors Need A CPA In Their QuickBooks For Contractors File: You apply for a large loan or line of credit over a million dollars You need certified financial statements to get a performance bond Your construction company is so large that you are required to have an annual audit Most construction contractors with annual sales under $10,000,000 and less than 20 employees will never have those issues. Preparing end-of-year reports and filing taxes can be complicated. If you're not doing it right, you could be liable for penalties or, at the very least, not take advantage of tax gains and financial opportunities. A Construction Accountant can ensure your business remains compliant (and pay as little tax as possible), help you analyze your business performance, and work with you to achieve your goals. On the other hand, Tax Accountants can kill more cash flow and profit in your construction business (in less than an hour) by preparing your annual tax return using a messed up QuickBooks file than you can make up for with hard work in several months, if not years. This is because saving you money on your tax bill is not what they are paid to do; they are paid to fill out tax returns. Why does it need to be separate? Trust but verify! When you need financing, most bankers and finance sources like to see a separation of duties. They want to see two different firms involved because it reduces the chance of errors, collusion, cover-up, and fraud. They may not say a word to you; however, we often hear about it! We insist our construction contractor clients use an outside CPA or tax preparer to review the QuickBooks Contractor's bookkeeping services that we have performed and prepare the annual income tax return. As a result, we have developed good working relationships with several CPA firms and yearly qualified tax preparers. It is good to know our contractor clients trust us and know that we have their best interest in our minds and hearts; however, we are human, make mistakes, and welcome input from CPAs and tax preparers. It is all about teamwork and people working together to ensure everything in your construction accounting system works correctly. Bottomline: Construction Accountants should not be preparing annual tax returns because nobody can serve two masters. Either be a Tax Accountant and serve the interests of the tax collection agencies or be a Construction Accountant and serve the interests of contractors. Please don't think we are too hard on Tax Accountants. Understand that we have great relationships with them. We have had Tax Accountants review our QuickBooks and prepare our business and personal returns for over thirty years, and we refer many businesses to various Tax Accounting and Preparation companies. What you need to look for is someone who is experienced, capable, and understanding. You should feel they'll be a good advisor and are interested in developing a long-term professional relationship with you. Having the right Construction Accountant for your business leaves you free to focus on why you started the construction company in the first place – to see it grow and become profitable. A Construction Accountant and a Tax Accountant are integral to this because they'll keep your finances on track. Which, in the end, is the whole point. About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

Our Guest today: Andy Rosenberg:Phone: 860-559-0400Email: andy@andyrosenbergcpa.comAndy Rosenberg, CPA, has 32 plus years as a tax accountant. Andy gave us some good tips for this year's 2023 tax year.  We talked, meals, autos, adoption and much more.Support the show

Season 4 Episode 16 | Recorded February 1, 2023 VarsityTips is brought to you by LiveFlow Don't be tardy to the Coach Mackenzie party with Scott and Nikole, where they sit down and discuss a hot topic to get Niks' hot takes and tips. So lace up your sneaks and stretch out because of VarsityTips is now in session. Hitting the Charts OKR and The Tax Accountant's Anthem Tax Organizers and Typeforms and Tax Returns Asynchronicity ABC March Appness Update, Sponsers, and Raffle Prizes LiveFlow Accounting Salon AH Gazette Hubspot Chat GPT, write an SOP FinDaily Terrell Turner and YouTube Niks' YouTube Idea Spreading Your Wings If Scott had unlimited money… Managing Ambitious Employees More Chat GPT to get out of things Linkedin & GoProposal Podcast Therapy What's Next for Niks' Business Scott's Consulting CEO Value To Show up or to not show up Back to Liveflow Wrapping Up with RZA and Pushin P All the shoutouts: Nicholas Pasquarosa, Adam Markowitz, Logan Graf, Paul Glantz, CPA, Jason Ackerman, Calendly, Shane Sullivan, Twyla Verhelst, CPA, Ignition, Tallyfor, Spencer Christeck, David Barrett, Anita Koimur, Terrell Turner, LiveFlow, Keila Hill-Trawick, Drip, MailChimp, Karbon, ServiceHub, Hiver, Blake Oliver, CPA, Earmark, GoogleSheets, AppStream powered by GrowthLab Finance-as-a-Service, Jason Staats, Luke Templin, FinDaily, Xero, QuickBooks, Ashley Carroll, Expensify, Dan Gertrudes, Byron Patrick, GoProposal, Reza Hooda, Gusto --- Send in a voice message: https://anchor.fm/accountinghigh/message

Are you unsure of what to do with your business finances or afraid of the IRS when it comes to taxes?! This week I am so excited to chat with my accountant Liz Zaslove, a certified public accountant (CPA), who focuses on tax. She started her company to help entrepreneurs take the stress out of business finance. As a CPA, she is the ‘go to' financial resource from countless entrepreneurs. She understands the confusion and frustrations that come with managing your own finances. I am excited to share her expertise with you as we dive into some of the questions I get asked the most, such as what is the difference between a bookkeeper and an accountant, when to hire a bookkeeper, some of the biggest mistakes people make when it comes to taxes, and what you can actual write off. If you enjoyed the episode, leave a review - it means the world to me + helps the show reach more people! Connect with Taylor Instagram - @_thetaylorlee Sold Out: The Mastermind is enrolling > dm Taylor or visit thetaylorlee.com/sold-out Episode Resources Grow your bottom line, a tax guide download here. Connect with Liz on IG | Website

This week, I'm talking about retirement strategies that can reduce your business's tax liability at year-end, as well as the different retirement plan options that may be right for you and your employees.     In this episode, Danielle also discusses:  What are the benefits of having a retirement strategy & why to implement one in your business| 2:12  3 Immediate steps to take before implementing a retirement strategy | 4:44 The different retirement plan options if you are a sole proprietor or an LLC | 6:24 What to think about to decide which retirement plan options are best for your business | 8:50 The difference between IRA and 401k plans | 9:24 Questions to ask yourself to help decide on a retirement plan strategy to discuss with your tax accountant or financial advisor | 16:00    Connect with Danielle:  Website | https://www.kickstartaccountinginc.net/  Facebook | https://www.facebook.com/kickstartaccountinginc/  Instagram | https://www.instagram.com/kickstartaccounting   Twitter | https://twitter.com/KickstartAcct    Book your FREE Discovery call: https://kickstartaccountinginc.com/book-a-call/  Test your Financial Health: https://kickstartaccountinginc.com/checkmyfinancialhealth/  Learn how to pay yourself as a CEO – https://www.kickstartaccountinginc.com/getpaid 

On this week of the Direct Sales Done right podcast, Melanie is interviewing Leigh Ann, Chic Community Membe, a Leadership Mastermind and a Chic Branding Experience participant. Leigh Ann is a former Tax Accountant who built her business while working 80+ hours per week and enrolled in a double Masters Degree Program. She has owned her direct sales business for 18 years and reached the top 2% of her company in 7 months. When she started her business in her early 20s, she had just moved to Miami, FL and her entire circle of influence was 1,000 miles away. Leigh Ann is walking us through her experience with direct sales, and how she built her business to the top 2% with her online marketing and events. Follow Leigh Ann on Instagram here: @mrsladavid https://instagram.com/mrsladavid?igshid=YmMyMTA2M2Y= The First Edition of Direct Sales Done Right: 52 Week Business and Marketing Planner is officially here! With feedback from hundreds of women in the direct sales industry and their own 11+ years of experience in network marketing, we've created a complete business and marketing planner loaded with strategies and resources to help you stand out on social media and confidently pursue your business goals. Snag your planner here: https://chicinfluencer.com/direct-sales-done-right-planner/ One daily serving delivers a comprehensive blend of core health products, working together to fill nutrient gaps and deliver the foundation for better health. Get your AG1 by Athletic Greens here: fbuy.io/ag/32thgdqw

On this week of the Direct Sales Done right podcast, Melanie is interviewing Leigh Ann, Chic Community Membe, a Leadership Mastermind and a Chic Branding Experience participant. Leigh Ann is a former Tax Accountant who built her business while working 80+ hours per week and enrolled in a double Masters Degree Program. She has owned her direct sales business for 18 years and reached the top 2% of her company in 7 months. When she started her business in her early 20s, she had just moved to Miami, FL and her entire circle of influence was 1,000 miles away. Leigh Ann is walking us through her experience with direct sales, and how she built her business to the top 2% with her online marketing and events. Follow Leigh Ann on Instagram here: @mrsladavid https://instagram.com/mrsladavid?igshid=YmMyMTA2M2Y=The First Edition of Direct Sales Done Right: 52 Week Business and Marketing Planner is officially here! With feedback from hundreds of women in the direct sales industry and their own 11+ years of experience in network marketing, we've created a complete business and marketing planner loaded with strategies and resources to help you stand out on social media and confidently pursue your business goals.Snag your planner here: https://chicinfluencer.com/direct-sales-done-right-planner/One daily serving delivers a comprehensive blend of core health products, working together to fill nutrient gaps and deliver the foundation for better health.Get your AG1 by Athletic Greens here: fbuy.io/ag/32thgdqw

This week Megan and Beau take a trip down Cloverfield Lane and go spelunking in the Dune Encyclopedia once again. Entries in this episode present another of Leto II's nightmare menagerie as well as Noah Arkwright, Tax Accountant, and the thrilling tale of a Bene Gesserit Laundress vacationing in Kinky Epcot. You don't want to miss this one! 

Donna Beatty, Frazier & Deeter, and Robert Stephens, CFO Navigator (ProfitSense with Bill McDermott, Episode 36) Donna Beatty, Tax Partner with Frazier & Deeter, and Robert Stephens, Managing Partner of CFO Navigator, were Bill McDermott’s guests on this episode of Profit Sense with Bill McDermott. Donna provided timely advice about taxes, new laws, and advice for […]

This Podcast Is Episode Number 488, And It's About Ways To Get Rid Of Construction Accounting And Bookkeeping Confusions Doing something different is hard. Do you feel like everyone else is the most brilliant person in the room, and you just don't get it? Getting into a rut and repeatedly doing the same things is easy.   If those things work, then yes, continue to do them repeatedly. The problem is when something is not working, and you continue down the same path expecting a different result. The opposite of too much change can create another form of chaos. How do you know what is broken if you change a zillion things all at once?   Looking for ways to make your job easier is the goal of all construction contractors. The last thing you want to hear from your staff or a trade contractor is, "Do you want me to do that over?" Your answer is "No!" (thundered, with many extra words). What you expected was that your staff did it correctly the first time.   In accounting, the first piece of the confusion comes from Construction Accounting Vs. Regular Accounting. Not everyone knows what construction accounting is, and easy to assume all accounting is the same. Why is there confusion? From a tax standpoint, most construction projects are all lumped together, and after the Cost of Good Sold, Expenses, and Depreciation, you either made money or didn't. The Tax Accountant rolls up the numbers to compete for the annual tax return. Therefore, if the information is not needed to be broken down for taxes, then the Tax Accountant is not concerned. As the Construction Contractor paying the bills, you are constantly concerned about which jobs are "Making Money or Losing Money." "Why does it seem like I am watching the money fly by and zooming out of my checking account? It never seems like there is any money left over!" Second, confusion always comes about the material. A construction contractor may purchase material and resell it to their customer. Thereby thinking it is a reimbursable expense. (You lose money when doing this).  Remember all invoices to the Customer (Retail, General Contractor, Spec Builder, Developer) are income. Every line item on a customer invoice is All INCOME. If the words are on the invoice, then the invoice is either taxable or non-taxable based on other factors. Washington State, for instance, has a clear explanation.  Purchases for the material are Cost of Goods Sold or are expenses if you are short-cutting your accounting. I have seen financial statements that are backed out because they will reflect reimbursable income as a negative number and thereby show it as a deduction. (The net effect is double dipping on the expense side) The cause is the accounting software not correctly set up.  New Construction Home Building is another area of confusion. In the mind of many construction contractors, a Spec home is any new house being built for resale. That is true; it is a New Construction House. It is a Spec Home for the Owner and Developer (who might be the General Contractor running the job). The question is on the construction accounting side.  The question to be answered is "Who owns the house?" - It is a Spec House in the accounting system for the owner. For the General Contractor who is building a New Construction Home for a Developer, it is NOT a Spec Home. Why might it seem the same as both are New Construction Houses?    If the General Contractor Does Not Own the house, then from an accounting side for that specific General Contractor, the house is a Custom Home with an owner who is not The General Contractor.  Recognize expenses when the house sells. If the General Contractor, Developer Owns the new House being built, then it is a Spec House in the Accounting System. All costs roll up into WIP (Work-In-Process) and convert to COGS when the house is sold, not before. Otherwise, expenses one year; sales the next equals taxes.   In Washington State:  All Construction Contractors working for a Spec Builder must collect sales tax on all services (labor and material) when billed from the General and Trade Construction Contractors. All Construction Contractors working on Custom homes, Residential or Commercial Projects, Large or Small Remodels, and Handyman Projects can accept reseller permits from the General Contractor. Sales Tax is billed and collected from the Owner by the General Contractor.  Contractors must collect sales tax on all retail projects, including Labor, Materials, Other. Sales tax must be collected on every line item. Customer Discounts can be given for any reason. Fix the giant boulders one at a time. Get that one thing working, then move on to the next one. What is the most annoying thing you can quickly fix? We talk about accounting because that is our primary focus. Start with the basics: Open a business checking account. Use a dedicated credit card for the business (if using a personal card). Create invoices, present them to your customer, collect the money and get it in the bank (Do you have an easy way for your clients to pay you?). Collect the money ASAP because, without cash flow, you are out of business. No - the company with the most Accounts Receivable or Accounts Payable does not win a prize. Accounts Receivable means your customers owe you money. Accounts Payable means you owe money to your suppliers. Net Profit is the money left over. You want lots of Net Profit! You are not a banker! Stop borrowing money using your credit cards, Loans, and Lines of Credit, then finance customers' projects at 0% interest. Final thoughts Money makes the business world go round. Unless you provide a service that others are willing to pay for, you will not collect money to use for goods and services you want. It costs you money when you have uncollected Accounts Receivable. A grocery store will not let you run a tab or give them an IOU for milk. Fast Easy Accounting does the bookkeeping, accounting, and payroll and offers business coaching for small, brand-new Construction Contractors, General Contractors, Trade Contractors, and Handymen across the USA, including Alaska and Hawaii. Do the parts only you can do; leave the rest to us.  You are never too small for us to help, and we can help to begin with your first day in business. We are looking forward to being of assistance. Schedule your free consultation here. About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

173: Can You Manage the Finances as a Nonprofit Leader? (Alex Romero)SUMMARYAs a nonprofit leader, are you well versed in the management of budgets and financials for your organization? Can you forecast cash flow and establish internal controls to keep donors and board members happy? In episode #173 of Your Path to Nonprofit Leadership, we explore the fundamental financial skills you must master to excel at nonprofit leadership. Virtual CFO Alex Romero identifies some of the biggest financial challenges she sees nonprofit leaders facing today and how retaining virtual services might help you make good decisions before you put your organization in a bad spot. Alex shares the three financial management pillars for the overall health and sustainability of your organization and why they matter. ABOUT ALEXAlexandria Romero recently joined Chris Hervochon CPA CVA LLC accounting firm as a virtual CFO. Romero is a Certified Public Accounting from Colorado with an impressive list of accolades in accounting — a few which include the 2022 AICPA Outstanding Young CPA Award, a 2022 Colorado State University Department of Accounting Hall of Fame inductee, and a 2021 CPA Practice Advisor's “40 Under 40” Accounting Professionals. In her new role as a virtual CFO for Chris Hervochon CPA CVA LLC, Romero directs financial planning, financial reports and financial strategies for nonprofits and digital marketing agencies around the country. Romero previously served as Chief Financial Officer for Pueblo City-County Library District in Pueblo, CO, overseeing a more than $14 million budget. Her extensive accounting experience also includes positions as Senior Auditor and Tax Accountant for McPherson, Goodrich, Paolucci & Mihelich, PC in Pueblo, CO, as well as Accountant positions for Colorado Springs Housing Authority in Colorado Springs, CO and the Downtown Denver Partnership in Denver, CO. Romero also is an active member of the accounting industry, currently serving on the AICPA's Young Member Leadership Committee as chair and a board member for the Colorado Society of Certified Public Accountants (COCPA).EPISODE TOPICS & RESOURCES Daring Greatly: How the Courage to be Vulnerable Transforms the Way We Live, Love, Parent, and Lead by Brene BrownLearn more about Alex and her virtual services hereTake our Podcast Survey and let us know what you want to hear!Check out Patton's new book Your Path to Nonprofit Leadership: Seven Keys to Advancing Your Career in the Philanthropic Sector

In this episode you'll hear the replay from an interview we had with Courtney Matthews on The SHEx SHINES Show, airing on Comcast Rise. Courtney is a Tax Accountant and Entrepreneur. Her firm, Mcore Tax and Accounting offers financial services to business owners who need to organize, manage, and understand their business from the inside out. We know this ep is going to be a multiple must-listen for any busy entrepreneur Trying to DIY their biz Must-Hear Moments: - common financial or tax misunderstandings - how to prep for tax season - organizing your finances - and so many more of our community's FAQs when it comes to taxes! RESOURCES: - Courtney's Tax Courses: https://www.mcoretax.com/courses SHOW NOTES // shexshines.com/podcast CONNECT WITH US // shexshines.com INSTAGRAM // instagram.com/shexshines TEXT US // 215-608-3002

Maya Forstater is a researcher, writer, and advisor working on business and sustainable development. She is one of the founders of Sex Matters, the UK-based, not-for-profit organization that seeks to re-establish that sex matters in rules, laws, policies, language, and culture. In 2019, she lost her job after tweeting and writing about sex and gender. She had begun talking and tweeting about news articles that she felt espoused bizarre new beliefs about gender and what the implications may be. For example, while building a campaign to combat overly-sex-segregated toys for children, called Let Toys be Toys, Maya observed that society had shifted from fighting sex stereotypes to claiming that some children were neither girls nor boys. It was fascinating to learn that even when researching tax policy, Maya found herself calling out unrealistic, utopian ideas and ruffling feathers among her liberal peers. In this conversation, Maya also reflects on her unlikely position in her landmark court case which established that gender-critical views are protected as a belief under the equality act. Despite her reluctance to jump into a complex and messy legal process, she felt a strong conviction to take this on. Links: Wider Lens Renewal Retreat — Arizona 2022: https://www.eventbrite.com/e/wider-lens-renewal-retreats-arizona-2022-tickets-368655377157 (https://www.eventbrite.com/e/wider-lens-renewal-retreats-arizona-2022-tickets-368655377157) Sex Matters: https://sex-matters.org/ (https://sex-matters.org/) Let Toys Be Toys: https://www.lettoysbetoys.org.uk/ (https://www.lettoysbetoys.org.uk/) Twitter Handle: https://www.twitter.com/@MForstater (https://www.twitter.com/@MForstater) More of Maya's Writing: https://a-question-of-consent.net/ (https://a-question-of-consent.net/) Extended Notes In 2017, Maya took notice of the gender wars and started the “Let Toys Be Toys” campaign. Maya believes women are women and women have rights. It is widely spread that Maya is a Tax Accountant but her role in social justice is much more than that. Maya challenges people to engage in issues on Twitter and in her workplace. An employer told Maya that because she retweeted Kathleen Stock she was a bigot. Maya retained her job after explaining her plight on a blog and Twitter. Her father's legal experience influenced Maya about whether or not to sue others. There is a legal time limit on discrimination cases. At the moment Maya was prepared to launch a public campaign, a major social justice law firm dropped her case. Maya has public support from those unable to raise their voice at work. The first hearing, that Maya lost, was about sex being real and a protected philosophical belief. In the first trial, a judge called Maya an Absolutist. A tweet from JK Rowling catapulted Maya's campaign into the international spotlight. In 2021, Maya finally won a case that created a precedent that gender-critical people have the same rights as religious people. Sex Matters is an organization Maya founded to educate people about their rights. This podcast is sponsored by ReIME and Genspect. Visit https://rethinkime.org/ (https://rethinkime.org/) and https://genspect.org/ (https://genspect.org/) to learn more. For more about our show: https://linktr.ee/WiderLensPod (https://linktr.ee/WiderLensPod)

In the 92nd episode of Cash Flow Pro, we talk with Alina Trigub, founder and managing partner at SAMO Financial LLC. Alina has an MBA in Finance and Management from Rutgers and a Bachelor of Business Administration in Accountancy from the City University of New York. She has worked as a Tax Accountant at Ernst & Young, as well as in the private sector.   Alina is a big fan of spreading wealth by teaching others about the benefits of passive income. Her goal is to explore all avenues for improving client portfolios, demonstrating the benefits of different funds, and sharing tax advantages. Tune in to hear what she teaches us!     SAMO Financial helps its investors in building a legacy and making an impact on their communities. They work with all types of investors, no matter their experience in real estate. SAMO prides itself on its transparency and handpicked investments.     In this episode, we discuss: Investing in real estate as a passive investor and active investor Business partnerships Assessing and questioning deals Dealing with bad partnerships Finding investors and cultivating relationships     Find your flow, Casey Brown   Resources mentioned in this podcast: https://www.samofinancial.com/about-us/ https://www.linkedin.com/in/alinatrigub/  

As an entrepreneur, your pricing strategy is a primary factor in determining the success of your business. Your time, level of expertise, and infrastructure make you more efficient at what you do and your prices should reflect that. On this episode, we discuss how charging for the experience is a way to optimize your earnings while also allowing you to serve your clients better.We love hearing from our listeners! How'd you like this episode? Visit us on Instagram and let us know via DM or send us an email at podcasts@littlefishaccounting.com.

You're low on funds but not worried because you're expecting some outstanding invoices to come in soon. Once they pay, you'll back in the black to cover your bills and make payroll. The problem is the client has already paid, so that money isn't coming….In this episode we walk through how to avoid this situation with proper bookkeeping, and why managing your accounts receivable accurately ensures for proper cash flow planning. Find us on the webwww.littlefishaccounting.comInstagramFacebookSubscribe to our newsletter to receive bi-weekly tips, guidance, and resources.www.littlefishaccounting.com/subscribeWe'd love to hear from you! Send us your feedback and topic ideas to podcast@littlefishaccounting.com.

*Updated version! As your business grows, it is important to ensure that all transactions are being properly tracked. In fact, businesses that use cloud accounting systems have five times more customers than businesses that don't.Cloud accounting is the best way to go when it comes to managing your business because it allows you to track financial activity occurring within your business accounts without the headache of doing it manually.If you want to start managing your money with a cloud accounting system, we've got you covered! Sign up using our referral link: https://quickbooks.grsm.io/keilahilltrawick2068We love hearing from our listeners! How'd you like this episode? Visit us on Instagram and let us know via DM or send us an email at podcasts@littlefishaccounting.com.

You may have heard that filing as an S Corp is a great way to structure your business, or that you need to set up an S Corp because you want favorable tax treatment. Find out in this episode if that's true for your business.For those who want to know when to start thinking about an S Corp and where to begin, check out our podcast titled

We discover the seedly underbelly of corporate America through everyone's favorite punk rock accountant, John Sex Bomb! We also talk about Connecticut's premier punk/hardcore club The Anthrax, why sales tax is so damn complicated and all that you ever wanted to know about acclaimed northeast grocery chain Stew Leonard's. Check it out! For Full Length Episodes And Merchandise Go To https://www.patreon.com/killedbydesk Follow: Killed By Desk Insta: @killedbydeskpodcast Twitter: @killedbydesk Facebook: https://www.facebook.com/killedbydesk LinkedIn: https://www.linkedin.com/company/killedbydesk Links: Seizure https://www.discogs.com/artist/85697-Seizure https://youtu.be/DGV8b06Ls6k Dumpster Dive Zine https://thumbs.worthpoint.com/zoom/images1/1/0211/28/dumpster-dive-ct-hardcore-punk-zine_1_3b110f72b41cf750402f6c8471dc8ba0.jpg Auditors https://youtu.be/S6tRjimpJe4 Brooks Brothers https://youtu.be/STC4qVm52Ew NYC Sales Tax Code https://portal.311.nyc.gov/article/?kanumber=KA-01675 American Machine and Foundry https://en.wikipedia.org/wiki/American_Machine_and_Foundry https://youtu.be/Ag6pqy0-lKs Anthrax Club https://youtu.be/ybw_ffqDfHY Wetsons https://youtu.be/nNvxNkm7avg Caldor https://youtu.be/wKXoRukX-XQ Cheetah Chrome https://youtu.be/qXQAbN_97fI Jayne County https://youtu.be/9ELPk8O28d4 Stu Leonard's https://youtu.be/xetLMdbA87I

Contractors who ask for help in Cleaning Up their QuickBooks Files before filing taxes have better results than those that do not. The Tax Accountant is happier because the QuickBooks file is clean and easier to work with. They will likely find more deductions that can save you money and, in some cases, mean the difference between success and failure in your construction company. Because the QuickBooks file is clean, the Tax Accountant will have fewer questions for you. Because the QuickBooks file is clean, the Tax Accountant can easily find the reports needed to file your tax return. Because the QuickBooks file is clean, the Tax Accountant can focus on saving you money. You are the Happiest because taking a trip to the Dentist for many contractors is less painful than going to the Tax Accountant. Once a Tax Accountant is "Broke In," you hate to change them. It shouldn't have to be that way. Like a new pair of shoes – All is well and a Happier Experience, once the Tax Accountant and The Contractor understand the needs and expectations of the other. Bad Experiences Just Spiral Down Tax Accountant does not want to see a Box of Receipts, Twelve Bank Statements and a see you later; call me when it's done. You reply, "I wanted my refund yesterday." It Is Tax Time, And The Tax Accountant Gets To Choose What Client To Work On Next The condition of your Financial Statements (or lack of Financial Statements) may put you at the bottom of the pile. From time to time, Tax Accountants will find paperwork or a QuickBooks file in such awful condition that they refuse to do the taxes until changes have been made. Contractors who are serious about their business need to be actively involved. A little bit of effort goes a long way to document that their company "Is A Business" and not "A Hobby." A Good Start Is An Accounting System Based On Construction Accounting Next is keeping all the receipts. Pay all expenses by check, debit card, or credit card. Creating Customer Invoices. Putting all the Income into the Bank. Hire a Construction Bookkeeper! Outsource to someone who understands your needs and Construction Accounting The Thought That "Anybody Can Do It" Is Not Quite Right Contractors need people who specialize and understand Construction Accounting. With all of the taxes and reports due, a bookkeeping specialist should be someone who knows what they are doing. Most Bookkeepers specialize in an area. Restaurants, Medical, and Construction all need bookkeepers. Just not the same Bookkeeper. Several General Bookkeepers have recently called saying they are the "New Bookkeeper" and are asking for help because they know the QuickBooks file is messy. The question is: Can we help you or your Bookkeeper? Short Answer – Yes, We Can Help! Bookkeepers want help in setting up a New QuickBooks file Bookkeepers want help cleaning up the mess of the previous Bookkeeper. Bookkeepers want Training on What To Do After the QuickBooks file is cleanup Provide a One-Hour Consultation and Free Review of Your Existing QuickBooks File. We recommend you have someone review your financial statements before going to the Tax Accountant. Remember, this is the busiest time for Tax Accountants. They do not have the time or the energy to look over all your transactions. Tax Accountants look for high-level numbers and what they can quickly move to fill out the tax return. Good Idea to clean up the QuickBooks file before visiting your Tax Accountant or banker. Know the difference between what a good Tax Accountant and a good Construction Accountant do. Tax Accountants Are Paid To Fill Out Tax Returns Not Save You Money Or Be Your Mentor We Are Paid To Do Your Contractor Bookkeeping And Be Your Profit And Growth Mentor What about this? What about that? Who owes you money? Who do you owe money to? Do you know your Customers? Do you know your Net Income? Do you know your Gross Income? Are your vehicle loans in QuickBooks? Have all of your bank accounts been reconciled? Have all of your credit card accounts been reconciled? Construction Bookkeeping Is Answering The "What About" Questions Sooner Rather Than Later Or Not At All Without the details entered into QuickBooks, it is IMPOSSIBLE to create useful reports. Without customer Invoices, there are no Accounts Receivable Reports. Without Accounts Receivable Reports, you don't know if the customer has paid in full. Without customer Names in QuickBooks, there is no way to create Job Profitability Reports. I agree – Day to day bookkeeping can be boring, tedious, or moments of sheer terror when you discover that all the money in the bank is already spent. It is NO fun not to be able to buy a new truck with that Job Deposit you just collected. I want the fun stuff, not the hard stuff. Day-to-day bookkeeping is complicated. One simple reason is that your brain replays all of the activity of each Job every time it sees a receipt for that Job. Can you say "Ground Hog Day" over and over and over again? There are "No Stories, No Baggage." They are just numbers tied to a specific customer to us. Because of this, we can enter the transaction quickly. In that respect, Outsourced Accounting For Contractors Like You will free your mind to look for new jobs, focus on existing jobs, remember the previous jobs (good parts), and file the bad parts away for reference on what not to do; again in the same way. We Clean Up QuickBooks Files (Desktop Version). We Maintain QuickBooks Files For Contractors Like You All Across The USA, Including Alaska And Hawaii Some old, new, existing, and previous clients have never owned QuickBooks. With our system, it is not a requirement that our Clients own, review, or try to learn QuickBooks. Some clients want access to their QuickBooks file and are comfortable entering the customer invoice directly into the file. For those clients, we welcome their participation. We teach them how to use the Icon Bar to pull the reports that are important to them. We do the rest (entering the transactions from the receipts provided, bank statements, and credit card statements). What we NEVER DO is pay your bills for you. We touch your account (to auto receive our fees), but we do not pay bills, pay payroll, pay taxes, pay loans, pay credit cards. We never want any Government Agency to get the impression that we are decision-makers on whom you should pay, when you should pay, and how much you should pay. As our Client, you have the peace of mind that we will not do something improper with your money. It is your money. We are Paper Managers, a Production Shop. We want our clients to have lots of customers and make a profit on every Job. We want the numbers to add up nicely. We understand that you are always looking for the most efficient way to enter your data into QuickBooks to give you valuable reports at a reasonable price and services that benefit both sides. Are We The Most Expensive? No, We Try To Be Reasonable But We Are Not Free Free, Perfect, Now - the business model of Internet Search Engines. But even the Search Engines have figured out how to have "Add-On Fee-Based Sales" The world works better when everyone buys something from a cup of coffee, tools, and equipment to that brand new truck or movie and dinner with someone special. We welcome the following businesses: Brand New Contractor, Weekend Warrior, Handyman, Trade Contractor, Custom and Home Builders, Commercial Contractors, and other Construction Industry Professionals. I encourage Contractors and Owners like you to stay current on your tax obligations and offer insights on managing your remaining cash flow so you can put more money in the bank to operate and grow your Construction Company. Looking forward to helping your Contracting Company to be more successful! About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

If you're doing our job, who's doing your job? This week we discuss what's in store for your businesses once you reach a phase of growth. This may be the point that you decide to enlist professional help. Some questions you should be considering:* What does an S-Corp tax status look like for my business?* How am I tracking against my budget?* How do I make sure my business is growing efficiently? If you're ready to offload your accounting and taxes, our Virtual CFO service might be a good fit. Check out our website for more information! 

In this episode of Becoming with Angelina Watkins, Angelina interviews Vonne Williams.In this interview, Vonne shares her journey of being an entrepreneur which began as a struggle but later became a success. Vonne speaks on how she hit rock bottom such as living in her minivan, coming out of a not-so-great relationship and was actually running from her life. This all began when she and her partner started a non-profit organization in arts and education. They were doing well but she had thrown all her resources and finances into the organization and when the recession hit in 2007, she was left with nothing, no resources and no money. She shares this was partly because she did not take care of herself, mental state, finances and her old business. Through prayer and talking to people, she realized that she had a niche which was in finance. With encouragement from her mother she enrolled in a tax class that she really enjoyed and enabled her to teach business owners how to take advantage of the tax code and deductions. If you want to learn more about tax code, stay tuned to understand why Vonne says, “Don't die broke.” About the GuestVonne Williams is an investor, International Business Coach, and Tax Accountant committed to supporting entrepreneurs and young adults in creating generational wealth for themselves, their families and their communities. Vonne dedicates her life to forwarding others and herself in living the best financial life through personal development methodologies. Coaching is her passion but also enjoys researching stocks and real estate opportunities. Vonne has a thriving tax practice in Harlem as well as being part of the Social Change Agents Institute. While being a Change Agent, she travels to South Africa to collaborate with Entrepreneurs in Johannesburg, Mafeking and Cape Town. holds a Bachelor of Science Degree in Electronic Technology from Norfolk State University, a Certificate in Audio Engineering and Production from the Institute of Audio Research and is Certified Holistic Life Coach. She also spent 6 years in the United States Army as a Communications Officer. She serves as Chair of the Board of Deacons and Chair of the Stewardship Ministry at her church where she shares her message of abundance and she speaks at numerous public schools and not-for-profits throughout the country encouraging others to dream big and follow their passions.Episode Outline[00:00] A sneak peak into the episode[00:24] Music intro[01:32] Introduction [?] Guest introduction[00:55] Hitting rock bottom[07:18] No financial resources[11:32] The next Quincey Jones[14:06] Becoming a coach was a happy accident[19:20] Income tax deductions[23:49] Tax law changes[26:53] Deducting business expenses[31:10] Stock market investing[36:09] Venture capitalist[38:41] Why coaching?[42:42] Creating success habits[49:40] Why startup entrepreneurs?[54:23] Biggest entrepreneur mistake[57:41] Personally developing for entrepreneurship[01:03:23] Where to find Vonne[01:05:02] Don't die broke[01:08:09] Golden nugget[01:11:14] ClosingWhere you are is not where you have to be. Your past does not define you, YOU define you.-----------------------------------------------------------FOLLOW THE HOSTFollow Angelina Watkins on IG: https://www.instagram.com/becomingangelinawatkins/Follow Angelina Watkins on FB: https://www.facebook.com/Becoming2Being------------------------------------------------------------SIGNATURE COURSEFinding purpose and creating the life you desire: www.queensformation.com------------------------------------------------------------PODCAST MUSICIntro/Outro Music Title: So MagnificentArtist: IG @ https://www.instagram.com/cgreenblues/------------------------------------------------------------PODCAST GUESTGuest: Vonne WilliamsWebsite: www.vonnewilliams.comIG: https://www.instagram.com/vonnewilliams_dontdiebroke/

Once your business becomes more established, you're going to want to start transitioning from DIY for some accounting tasks to free up time for yourself. It can be challenging to identify what those tasks should be and when is the best time to make that change. In this episode Keila breaks down the attributes of businesses that fall into the ‘Build' phase of the entrepreneur journey and what they should be paying attention to.We highly recommend transitioning to a cloud accounting software platform like Quickbooks to save you time and to prevent headaches during tax time.Connect With UsOnline - www.littlefishaccounting.comInstagram - @littlefishaccountingFacebook - @littlefishacctg

Our strengths at SXS include: helping you beat the overwhelm in business by connecting all the dots between your squirrel brain ideas. And also knowing that we aren't experts in everything…like taxes hah! So when our clients come to us with questions about legitimizing their business, we love sharing resources from our amazing network of powerhouse specialists, like our podcast guest Courtney Matthews. Courtney is a Tax Accountant and Entrepreneur. Her firm, Mcore Tax and Accounting offers financial services to business owners who need to organize, manage, and understand their business from the inside out. And when I say Alex and I have been BEYOND excited to get you this resource, I mean we've been sitting on the edge of our seat, because we know this ep is going to be a multiple must-listen for any multipassionate entrepreneur. Just in time for tax season, we're deep diving into "Taxes for the Multipassionate Entrepreneur 101", including: common financial or tax misunderstandings, how to prep for tax season, organizing your finances, and so many more of our community's FAQs when it comes to taxes! So let's go ahead and dive into this amazing resource. You don't want to miss: - The top 3 things you NEED to know about your finances and taxes - How different business entities (LLC, Scorp, etc..) impact your taxes - Prepping to file - Bookkeeping & accounting software and tools RESOURCES: - Courtney's Tax Courses: https://www.mcoretax.com/courses TEXT US // 215-608-3002 CONNECT WITH US // shexshines.com INSTAGRAM // instagram.com/shexshines JOIN THE GROUP // facebook.com/groups/sxsacademy SHOW NOTES // shexshines.com/podcast

In this podcast interview, I interview Alina Trigub of SAMO Financial LLC about the power of passive real estate investing through passive syndications. In this interview, we discuss: 1. The differences between direct active real estate investing and passive syndication investing 2. The top mistakes to spot and avoid when starting out in investing in syndications 3. The difference between investing in private equity syndications and investing in the public markets 4. And much more! Bio: Alina Trigub is the founder of SAMO Financial LLC. Her passion is to spread the word about the benefits of passive investing in various forms of real estate and to empower people to build wealth for themselves and for their families. Alina has MBA in Finance and Management from Rutgers and Bachelor of Business Administration in Accountancy from City University of New York. She worked as a Tax Accountant at Ernst & Young, as well as in the private sector. She also has twenty years of successful technology experience. In 2021 Alina joined TF Management Group LLC, a real estate fund management company, where she is the Head of Investor Relations and Marketing. Alina deeply enjoys learning about the goals of potential investors, and exploring venues for improving their portfolios, such as but not limited to demonstrating the benefits of investing using IRA funds in real estate, as well as sharing the tax advantages of real estate investing. She offers investors education through articles, animated video-series, as well as presentations She is a sought after speaker at various real estate events. Alina lives in New Jersey with her loving husband and two awesome kids. She can be reached at samofinancial.com/blog Be sure to check out the sponsor for this week's show City Vest

Keeping you in the Know. Listen there's a reson why they are called specialist. It's the area of expertise that separates the good from the best. --- Support this podcast: https://anchor.fm/latoya-l-wallace/support

There are many different ways to invest in real estate. The most passive of investments is usually real estate syndications. But what are they and how do you actually pick which one is right for you? It's hard enough to pick an overall market, how do you choose between the massive quantity of funds? Adam Schroeder talks about all this and more with Alina Trigub, founder of SAMO Financial. Her passion is to spread the word about the benefits of passive investing in various forms of real estate and to empower people to build wealth for themselves and for their families. Alina has an MBA in Finance and Management from Rutgers and Bachelor of Business Administration in Accountancy from City University of New York. She worked as a Tax Accountant at Ernst & Young, as well as in the private sector. Alina has worked tirelessly to help her investors participate in the offerings of over 1200 apartment units, $10MM storage fund, and $10MM mobile home park fund. Alina deeply enjoys learning about the goals of potential investors, and exploring venues for improving their portfolios, such as demonstrating the benefits of investing using IRA funds in real estate. Website: www.TempoFunding.com www.SAMOFinancial.com -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

This week we feature Alex Roytenberg one of the top NFT and crypto tax accountants in the world. He is also the author of the NFT Tax Guide.