Podcasts about tax professionals

On this episode Joe speaks with Heather about identifying and removing toxic clients who undermine accounting and advisory practices. Joe shares a vivid metaphor—likening bad clients to termites in a home—and outlines a checklist to help firms define their ideal client profile based on profitability, behavior, scalability, and alignment with firm systems. TV and Movie Quote: Heather quoted Thelma and Louise Joe quoted Presumed Innocent Book of the Week: The Everyday Hero Manifesto by Robin Sharma Favorite Social Posts: Heather mentioned Candy Bellau on LinkedIn Joe mentioned The Soul of Enterprise on X/Twitter The Woodard Report Article of the Week: Say Less, Lead Better: Coaching in Real Life by Brandy Jordan Thank you to our show sponsor, CorpNet! CorpNet is the trusted leader in business formation and compliance services, offering one of the best tools for Accountants, CPAs, and Tax Professionals nationwide: the CorpNet Partner Program. 10X your firm's revenue by helping clients form a business, register for payroll taxes, maintain compliance, and more. Learn more about the show and our sponsors at Woodard.com/podcast

In this episode, panelists continue their prior discussion on some of the technical aspects of Pillar One Amount A as well as the broader historical “formulary apportionment versus arm's length” debates. 

Carlos Samaniego is a recognized tax resolution expert, dynamic speaker, and founder of Tax Debt Consultants, LLC. Licensed by the U.S. Department of Treasury as an Enrolled Agent (EA), he specializes in resolving complex IRS and state tax issues for self-employed professionals and small business owners. Carlos is a best-selling author who co-authored Never Give Up with sports commentator Dick Vitale and wrote How to Make the IRS an Offer They Can't Refuse, sharing his personal journey and strategies for overcoming tax troubles. His upcoming book, The FTB Taxpayer Survival Guide, offers essential advice for handling tax disputes with the California Franchise Tax Board. Carlos has received the Quilly Award and the Expy Award, recognizing his contributions to tax resolution. He has been featured on major media outlets such as Fox, NBC, CBS, ABC, and USA Today, and in a PBS documentary hosted by Dennis Quaid. As host of the Tax Debt Consultant Podcast—ranked among the Top 10 Small Business Tax Podcasts by Feedspot—Carlos provides invaluable tax advice to a global audience. Additionally, Carlos mentors CPAs, EAs, and attorneys nationwide, helping them develop successful practices. His dedication to education and client service earned him the 2020 Tax Professional of the Year title What You Will Learn: Who is Carlos Samaniego EA? What is Carlos Samaniego's background and how did he get into tax consulting? What pivotal moment in Carlos's early career led him to realize the importance of proper tax withholding? How did Carlos navigate his tax issues over the eight years he didn't file? How does Carlos's experience shape his approach to helping clients with tax issues? What changes occurred in IRS collection practices during and after the COVID-19 pandemic? What is the significance of the "final notice before levy" that the IRS sends to taxpayers? How does Carlos engage with clients from different parts of the world, including expats? What should clients expect during the initial consultation with Carlos regarding their tax issues? How does Carlos address the fear and stigma associated with dealing with tax problems? What is the hardest part for clients when they first reach out to Carlos regarding their tax problems? What information can Carlos access once he files the power of attorney? How does Carlos compare his investigative process to a doctor's examination? What does the compliance step entail in dealing with tax issues? What options does Carlos offer for resolving tax debts based on their size? How does Carlos help clients who owe large tax balances through programs like currently not collectible status or offer in compromise? What common misconceptions do people have about tax resolution companies? How does Carlos engage with clients from different parts of the world, including expats? What advice does Carlos give regarding the importance of separating personal and business finances? How can real estate agents and self-employed individuals better manage their records to avoid tax issues? Carlos shares how everyone can contact him. Additional Resources from Carlos Samaniego EA: Website:https://www.taxdebtconsultant.com/, http://carlossamaniego.com/ LinkedIn: https://www.linkedin.com/in/carlossamaniego/ Facebook: https://www.facebook.com/taxdebtconsultant/ X: https://x.com/carlossamaniego Instagram: https://www.instagram.com/jcarlossamaniego/ Attention Investors and Agents Are you looking to grow your business? Need to connect with aggressive like-minded people like yourself? We have all the right tools, knowledge, and coaching to positively effect your bottom line. Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation! Our NEW book is out...order yours NOW! Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg

In this conversation, Brett McCollum interviews Cathi Korelin, an enrolled agent with over 20 years of experience in the tax industry, particularly focusing on real estate investors. Cathi shares her journey into the tax world, the importance of proper bookkeeping, and various tax strategies that can help real estate investors save money. She emphasizes the need for a collaborative team of professionals to navigate the complexities of taxes and offers insights into common mistakes made by investors. Cathi also discusses her upcoming book on creative real estate finance and tax strategies, aiming to educate investors on maximizing their financial outcomes.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this episode, panelists provide an update on OECD Pillar One and discuss what's next. 

Carlos Samaniego EA is a recognized tax resolution expert, dynamic speaker, and founder of Tax Debt Consultants, LLC. Licensed by the U.S. Department of Treasury as an Enrolled Agent (EA), he specializes in resolving complex IRS and state tax issues for self-employed professionals and small business owners. Carlos is a best-selling author who co-authored Never Give Up with sports commentator Dick Vitale and wrote How to Make the IRS an Offer They Can't Refuse, sharing his personal journey and strategies for overcoming tax troubles. His upcoming book,The FTB Taxpayer Survival Guide, offers essential advice for handling tax disputes with the California Franchise Tax Board. Carlos has received the Quilly Award and the Expy Award, recognizing his contributions to tax resolution. He has been featured on major media outlets such as Fox, NBC, CBS, ABC, and USA Today, and in a PBS documentary hosted by Dennis Quaid.As host of the Tax Debt Consultant Podcast—ranked among the Top 10 Small Business Tax Podcasts by Feedspot—Carlos provides invaluable tax advice to a global audience.Additionally, Carlos mentors CPAs, EAs, and attorneys nationwide, helping them develop successful practices. His dedication to education and client service earned him the 2020 Tax Professional of the Year title.

Send us a textThis episode is mainly a slice of my story – from childhood, to tax, to side hustle – and I thought you might find this insight interesting, learn a few tips along the way, particularly around winning tax work, business development (BD) and hear what I've learnt from the podcast that has helped me with my tax career and may help you with yours too. The episode is from me being interviewed by Craig McKeller, for The Professional Speaks podcast, and he kindly agreed for me to share it on my podcast, too!Show notes: thetaxprofessionalspodcast.com/TTPP117Masterclasses for tax professionals: thetaxprofessionalspodcast.com/masterclassesSubscribe: thetaxprofessionalspodcast.com/subscribeTake control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourseYou'll LearnA bit about me (Jack) and my background(11:45) How did I get into the tax world?(15:30) My approach to winning tax work(22:30) How did I monetise the podcast?(28:45 & 41:00) What I've learnt from running a podcast and a training business that's helped me as a tax director(34:00) A bit about me winning Tolley's Taxation's Rising Star(36:45) My goals for the next 12 monthsResourcesMasterclasses designed for tax professionals to help you master vital career skills:Tax Research Masterclass – teaching you how to find the answer to even the most complex tax queries, with the least pain possible.Tax Advice Masterclass – teaching you how to provide high-quality tax advice that your clients appreciate and value.Take a look and enrol, here.Register for a free 1-month trial for Croner-I's tax guidance/resources

In this podcast episode, We converse with Catherine Tindall, a CPA and partner at Dominion Enterprise Services, about the critical importance of proactive tax planning. They discuss common mistakes business owners make during tax season, such as waiting until the last minute and not engaging in ongoing tax planning. Catherine highlights audit triggers and the significance of profit management. They also explore how financial advisors can build better relationships with CPAs to enhance client outcomes. The episode aims to educate and empower listeners to optimize their tax strategies effectively. Common Tax Mistakes (00:02:11) .Profit Management Discussion (00:05:32) .Audit Triggers for Business Owners (00:08:11) Challenges in Tax Filing (00:10:08) Understanding Tax Professionals (00:12:48) Avoiding Overly Complex Interactions (00:16:40) Practical Strategy for Client Situations (00:16:54)Biggest Tax Pet Peeve (00:18:26)Client Expectations from Tax Professionals (00:21:35)Conclusion and Final Thoughts (00:22:50)NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: https://www.facebook.com/MLB2CFP Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure

What happens when tax enforcement weakens? With 17% of millennials considering skipping their tax filing altogether, Blake and David dig into how IRS budget cuts might impact compliance and revenue. They analyze fascinating survey data revealing what taxpayers truly value when choosing between professional preparation and free options like Direct File. Plus, discover the accounting scandal forcing Financial Times to retract its Tesla analysis, exposing how GAAP complexity confounds even financial experts. You'll also learn why three major US cities face billion-dollar budget holes and the disturbing revelation that duplicate Medicaid payments are costing taxpayers billions—all while Tether still can't produce an audit after ten years of promises.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)    RightWorks- http://accountingpodcast.promo/rightnow2025Chapters(00:00) - Introduction and Podcast Overview (00:42) - Top Stories of the Week (02:27) - Sponsor Messages and Event Announcements (04:52) - Interview with Christina Ho on PCAOB (07:57) - Discussion on IRS Cuts and Tax Compliance (19:44) - Survey on IRS Direct File (28:21) - AI's Impact on Tax Professionals (29:14) - Discrepancies in Tax Software Results (30:08) - Public Opinion on Tax Filing Services (31:23) - Challenges for Tax Professionals (32:39) - LA's Budget Crisis (36:24) - Federal Government Spending Issues (37:28) - Medicaid Duplicate Payments Scandal (45:55) - Tether's Audit Controversy (50:38) - Tesla's Financial Discrepancies (56:16) - Big Four Transparency Rankings (58:07) - Conclusion and Farewell  Show NotesTax Revenue Could Drop by 10 Percent Amid Turmoil at IRShttps://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/ Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cutshttps://www.cpapracticeadvisor.com/2025/03/26/survey-some-americans-might-roll-the-dice-on-not-filing-their-taxes-this-year-due-to-irs-job-cuts/157877/ Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxeshttps://taxpolicycenter.org/briefs/most-americans-are-interested-using-irs-direct-file-prepare-and-file-their-taxes TurboTax vs Free Tax USA: A Shocking Price Comparison https://www.tiktok.com/@carolinesadventure/video/7482613418801859870 Survey: 91% of Americans Think Filing Taxes Should Be Freehttps://www.cpapracticeadvisor.com/2025/03/11/survey-91-of-americans-think-filing-taxes-should-be-free/157176/ Why you should think twice before claiming an income-tax extension. ‘This is not the year to do your normal procrastinating.'https://www.marketwatch.com/story/why-you-should-think-twice-before-claiming-an-income-tax-extension-this-is-not-the-year-to-do-your-normal-procrastinating-89937e0d LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffshttps://www.bloomberg.com/news/articles/2025-03-20/la-faces-1-billion-budget-hole-warning-thousands-of-layoffs WSJ investigation: Medicaid paid health insurers billions by covering the same patients twicehttps://www.risehealth.org/insights-articles/wsj-investigation-medicaid-paid-health-insurers-billions-by-covering-the-same-patients-twice/ Tether seeks Big Four firm for its first full financial audit — Reporthttps://cointelegraph.com/news/stablecoin-issuer-tether-big-four-firm-full-reserve-audit-report Financial Times retracts report on Tesla's alleged shady accountinghttps://www.teslarati.com/financial-times-retracts-report-tesla-shady-accounting/ The Big 4 Transparency Accounting Awardshttps://big4transparency.beehiiv.com/p/the-big-4-transparency-accounting-awards Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify:

On this episode Joe speaks with Heather about why operations should be the next big focus in your practice. Heather emphasizes the importance of documenting and reflecting on current processes to identify areas for improvement. The discussion also covers aligning operational improvements with firm culture, broadening technology views with automation and AI, and practical steps to stay ahead in the coming year. TV and Movie Quote: Heather quoted The Office Joe quoted 1923 Book of the Week: The e-Myth by Michael Gerber Favorite Social Posts: Heather mentioned Ashley Francis on LinkedIn Joe mentioned Caleb Jenkins on X/Twitter The Woodard Report Article of the Week: Spring Cleaning for the Mind: Clearing Clutter for Greater Productivity by Kim Petro Thank you to our show sponsor, CorpNet! CorpNet is the trusted leader in business formation and compliance services, offering one of the best tools for Accountants, CPAs, and Tax Professionals nationwide: the CorpNet Partner Program. 10X your firm's revenue by helping clients form a business, register for payroll taxes, maintain compliance, and more. Learn more about the show and our sponsors at Woodard.com/podcast

Send us a textMasterclasses for Tax Professionals: thetaxprofessionalspodcast.com/masterclassesShow notes: thetaxprofessionalspodcast.com/TTPP49Subscribe: thetaxprofessionalspodcast.com/subscribeTake control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourseYou'll Learn5 skills that are important to master early on in your tax careerSome tips to help you improve these skillsRough Timings(2:30) Story (relevant!)(6:30) Skill 1 - Tax Research (finding, using and applying tax guidance, legislation and case law(10:15) Skill 2 - Explaining tax concepts clear to others(13:45) Skill 3 - Tax Advisory Skills(19:00) Skill 4 - Inspection and Fact Finding Skill(23:30) Skill 5 - Relationship Building SkillRelated EpisodesTax research:TTPP 1: How to Undertake Effective Tax ResearchTTPP 26: 8 Tax-Research SinsTTPP37: Master Using Tax Legislation (and the Benefits this Brings)TTPP42: Master Using HMRC Manuals for Tax ResearchTax Advice:TTPP 10: How to Write Good-Quality and Practical Tax Advice Explaining Tax rules Clearly:TTPP18: How to Explain Tax Rules & Concepts Clearly (to Help Others Understand!) 

In this episode, panelists provide updates on Canada and the OECD and discuss what the future might hold.  

Melissa Broughton is a tax and accounting specialist and the founder of Busy Bee Advisors, helping business owners and entrepreneurs get savvy about complex, even frustrating, tax and bookkeeping situations. Her background in corporate accounting and auditing complements her desire to serve as a financial translator, of sorts, to sole proprietors and small business owners so that they feel confident in their financial decisions. With her husband Eric, a tax professional, Melissa co-hosts a popular podcast, The Real Buzz: Taking the Sting Out of Taxes. She is a member of Business Network International, Rotary, FU Nights, Women in Consulting, and previously served as finance chair on the Sacramento Children's Receiving Home Board of Directors.

On this episode of The Story Engine Podcast, We discusses the critical role of storytelling for experts and how many fail to leverage their personal narratives effectively. He emphasizes the importance of resonance in storytelling, explaining how connecting emotionally with an audience can inspire trust and action. Through a case study of a tax professional, we illustrate how refining a message and incorporating personal stories can lead to significant improvements in audience engagement and conversion rates. We conclude with a reminder of the unique value that personal stories bring in an increasingly competitive landscape. In This Episode Many experts dismiss storytelling as irrelevant or manipulative. The way solutions are communicated is as important as the solutions themselves. Overloading audiences with information can lead to disconnection. Personal stories can inspire trust and drive action. Resonance in storytelling connects emotionally with the audience. Understanding client pain points is crucial for effective storytelling. Accessing personal stories can transform how experts relate to their audience. A case study illustrates the power of storytelling in a professional context. Simplifying messages can lead to higher engagement and conversion rates. Personal stories are irreplaceable in a world of AI and information overload. We Discuss 00:00 The Importance of Storytelling for Experts 04:28 Understanding Resonance in Storytelling 09:23 Finding Stories That Resonate 14:19 Case Study: Transforming a Tax Professional's Approach 19:26 The Unique Value of Personal Stories

Right About Now with Ryan AlfordJoin media personality and marketing expert Ryan Alford as he dives into dynamic conversations with top entrepreneurs, marketers, and influencers. "Right About Now" brings you actionable insights on business, marketing, and personal branding, helping you stay ahead in today's fast-paced digital world. Whether it's exploring how character and charisma can make millions or unveiling the strategies behind viral success, Ryan delivers a fresh perspective with every episode. Perfect for anyone looking to elevate their business game and unlock their full potential.Resources:Right About Now NewsletterFree Podcast Monetization CourseJoin The NetworkFollow Us On InstagramSubscribe To Our Youtube ChannelVibe Science MediaSUMMARY In this episode of "Right About Now," hosted by Ryan Alford, tax attorney Mark J. Kohler, known as the "Main Street Tax Attorney," shares actionable advice for small business owners and individuals to improve their financial situations through effective tax strategies. Kohler emphasizes the importance of understanding tax laws, treating side hustles as legitimate businesses, and taking an active role in tax planning. He discusses practical tips like documenting expenses, involving family in business activities, and leveraging tax benefits for children. The episode aims to empower listeners with knowledge to maximize financial growth and navigate tax complexities.TAKEAWAYSImportance of small businesses in the U.S. economyUnderstanding tax laws and their implications for financial successCommon tax-related challenges faced by small business ownersThe rise of side hustles and their potential for tax savingsTax strategies for maximizing financial benefits for small businessesDifferentiating between tax brackets and effective tax ratesLearning from wealthy individuals about tax engagementThe necessity of a proactive mindset in managing tax responsibilitiesPractical advice for treating side hustles as legitimate businessesThe significance of documentation and record-keeping for tax planning If you enjoyed this episode and want to learn more, join Ryan's newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE. Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding. Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel www.youtube.com/@RightAboutNowwithRyanAlford.

Anthony (Tony) Glover (The Tax Professional), CEO Zircon Tax Services 904-707-2060 EMAIL: GloverA@ZTAXSVCS.Com ************************************ Please Don't miss today's episode of 'All That Matters Podcast! Seasoned Tax Professional Anthony Glover, CEO of Zircon Tax Services, is back by popular demand to share his invaluable expertise. Learn how to alleviate costly tax penalties, leverage tax laws and resources, and minimize the impacts of recent tax updates. Connect to Empower yourself with Tax knowledge to make informed tax decisions. Simply Click the Link Below, Scroll down on the website then press the Play Arrow to hear the broadcast.

Crypto tax expert Amir Marmar of JFDI Accountants breaks down the complexities of cryptocurrency taxation and shares guidance on when tax professionals should handle crypto cases themselves versus partnering with specialists. He explains key concepts like wallet-level reporting requirements coming in 2025, the challenges of DeFi and staking transactions, and why traditional tax software may not be enough for complex crypto cases. This episode provides practical insights for tax professionals on evaluating crypto clients and understanding the latest IRS guidance, including Revenue Procedure 2024-28's move away from universal accounting methods.SponsorsPadgett -  Contact Padgett or Email Jeff Phillips(00:00) - Welcome to Federal Tax Updates (01:56) - Amir Marmar's Background and Expertise (03:04) - Crypto Accounting Challenges and Success Stories (07:49) - Crypto-Friendly Government Policies (14:06) - Understanding Crypto Wallets (23:36) - Blockchain Basics and Tax Implications (29:38) - Complexities in Crypto Taxation (37:19) - Understanding Lending Protocols and Tax Implications (39:24) - Exploring Staking and Its Tax Considerations (41:11) - Liquidity Pools and Market Making (43:01) - Challenges in Crypto Accounting (44:11) - IRS Guidance and Tax Positions (46:02) - The Role of Tax Professionals in Crypto (49:39) - Steps for Successful Crypto Tax Engagements (52:50) - Upcoming Changes in Crypto Tax Reporting (01:04:53) - Contacting JFDI for Crypto Tax Help Connect with Amirhttps://www.jfdiaccountants.com/https://www.linkedin.com/in/amir-marmar-20b76726Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Roger and Annie on LinkedInhttps://www.linkedin.com/in/rogerharrispbs/https://www.linkedin.com/in/annie-schwab-852418261/ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark Media

In this episode, we dive into the power of streamlined processes and smart automation with Jamie Gruel, co-founder of Workflows for Tax Pros, an innovative platform born out of the need for reliable, efficient systems tailored to the unique demands of tax professionals. We get into why having solid workflows isn't just a luxury but a necessity for any thriving practice—and how these systems can transform the client experience while freeing up precious time.We talk about the impact of automation on efficiency, and Jamie walks us through the key elements of creating client-focused workflows that prioritize quality service without sacrificing time. From onboarding to lead management, Jamie explains how effective workflows can enhance every step of the client journey. One highlight? Automated lead management, which ensures that no prospective client falls through the cracks. She also shares top tips for implementing these workflows, and reveals best practices that help tax pros hit the ground running and adapt seamlessly to this new level of efficiency.What you'll hear in this episode:[1:00] Meet Jamie Gruel: Co-Founder of Workflows for Tax Pros[2:55] The Birth of Workflows for Tax Pros[6:45] The Importance of Systems[7:40] Automation and Efficiency[9:25] Client-Focused Workflows[10:45] Implementing Effective Workflows[18:10] Onboarding and Lead Management[19:35] Automated Lead Management[26:40] Implementation Tips and Best PracticesCheck out the Automations and Workflows Facebook Group https://www.facebook.com/groups/taxprosautomationsandworkflows/Connect with Jamie https://linkedin.com/injamiegroul/Connect with Kelly https://www.linkedin.com/in/kellyrohrs/Connect with Bilal https://www.linkedin.com/in/bmehanna/

As the 4th annual Tax Rep Summit wraps-up in Orlando, Tax Rep Network founder Eric Green gets us caught up on what “Reasonable Compensation” is, how the IRS views it, and what every Tax Professional needs to know about it now that the IRS is targeting S Corp owners that fail to meet its standards. Eric also discusses how to use RCReports to not only bullet-proof your client's reasonable compensation but how to turn the software into a whole new revenue stream for your practice.

As the 4th annual Tax Rep Summit wraps-up in Orlando, Tax Rep Network founder Eric Green gets us caught up on what “Reasonable Compensation” is, how the IRS views it, and what every Tax Professional needs to know about it now that the IRS is targeting S Corp owners that fail to meet its standards. Eric also discusses how to use RCReports to not only bullet-proof your client's reasonable compensation but how to turn the software into a whole new revenue stream for your practice.

Send us a textTony Santiago, founder and president of TaxSearch Inc., discusses the future of tax leadership and his recommendations for tax departments looking to create an effective succession plan.Listen to our previous episode on tax succession, "Paving the Way for the Next Generation of Tax Professionals."For additional coverage, read Santiago's articles in Tax Notes:Tax Department Leadership: Effective Succession Strategies Best Practices for Recruiting Critical Tax RolesOptimizing Tax Talent in Challenging TimesEvaluating Critical Remote Arrangements in Corporate Tax DepartmentsFollow us on X:David Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

The word “taxes” makes many break out in a cold sweat, feeling stressed. But it doesn't have to be that way with the proper planning and the right information. In this conversation, I speak with my friend Tatiana Tsoir, an award-winning accountant and business turnaround advisor about the topic of taxes and planning. We will uncover some insights that will help all of us with our end-of-the year planning as well as create a strategy for the future. Takeaways: 1-Taxes are not a once-a-year event. Be proactive all year with accounting. 2-There is a “taxpayer bill of rights.” Are you familiar with it? You can reach Tatiana at: https://www.linzacpa.com  and tatiana@linzaadvisors.com Full article here: https://goalsforyourlife.com/lower-tax-bill Get all our free weekly articles here: https://goalsforyourlife.com/newsletter Resources with tools and guidance for mid-career individuals, professionals & those at the halftime of life seeking growth and fulfillment: http://HalftimeSuccess.com  #organizingtaxes #yearendtaxplanningtips #howtofileyourtaxesasabusinessowner #yearendtaxplanningstrategies #yearendtaxstrategy CHAPTERS: 00:00 - Introduction 01:20 - Tatiana Tsoir 05:22 - Pre-planning Strategies 07:18 - Tax Planning for Small Businesses 11:31 - Understanding the Taxpayer Bill of Rights 12:18 - Importance of a Tax Strategist 21:40 - CPA vs. Tax Strategist: Do You Need Both? 30:40 - Special Training for Tax Professionals 31:15 - Year-End Tax Preparation Tips 34:07 - Importance of Updating Financial Records 35:31 - Cash Basis Accounting Explained 38:50 - IRS Safe Harbor Procedure Overview 40:15 - Author's Journey: Why Write a Book? 43:16 - Key Takeaways for Viewers 44:54 - How to Contact Tatiana Tsoir 45:50 - Outro

In this episode, panelists discuss Loper Bright Enterprises v. Raimondo and provide an OECD update.

Special guest Wendy Walker, VP of Regulatory Affairs at Sovos and Chair of IRSAC's Information Reporting Committee, breaks down the latest developments in 1099-K reporting thresholds and the upcoming 1099-DA form for digital assets. The discussion explores the practical challenges facing tax professionals as payment platforms struggle with reporting requirements, while also examining how the IRS is modernizing its systems to handle electronic filing.SponsorsPadgett -  Contact Padgett or Email Jeff Phillips(00:00) - Welcome to Federal Tax Updates (02:04) - Special Guest Introduction: Wendy Walker (03:14) - Discussion on IRS Advisory Council and Information Reporting (04:28) - Deep Dive into 1099K Reporting (05:43) - Challenges and Uncertainties in 1099K Reporting (08:46) - Impact on Taxpayers and Tax Professionals (11:43) - Platform Issues and Reporting Complexities (25:12) - IRS Matching and Compliance (27:07) - Future of Electronic 1099s (29:24) - New 1099 DA Form Explained (30:10) - Challenges with Current Reporting (32:22) - Future of Cryptocurrency Reporting (40:36) - IRS Modernization Efforts (50:48) - Wrap Up and Future Plans Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with Wendy Walkerhttps://www.linkedin.com/in/wendy1099 Connect with the Hosts on LinkedInhttps://www.linkedin.com/in/rogerharrispbs/https://www.linkedin.com/in/annie-schwab-852418261/ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark Media

Episode 229 FACULTY: Ashley Francis, CPA CLASS: #Shoperations In this episode, Scotty and Ashley Francis, CPA discuss her journey in becoming a CPA, building her niche practice focused on high-net-worth individuals, and exploring educational opportunities. Ashley shares her passion for accounting, spurred by early childhood experiences, and her growth from working in large accounting firms to running her own practice. She talks about her unique experience with trust and estate taxes, homeschooling her son, and the challenges and rewards of balancing a practice with educational endeavors. Ashley and Scott do NOT discuss: AI, Jason Staats, or Automation!

In this episode, panelists discuss how implicit support relates to the arm's-length principle.

Welcome to Women, Wealth & Entrepreneurship with Ariel Shaw, MBA! We want to increase your bottom line and create generational wealth that lasts way beyond you! It's 2024, the year of Reinvention & Domination. We have the pleasure of sitting with Dr. Gwennetta Wright of Xpert Tax Services. Dr. Gwennetta Wright is a distinguished serial entrepreneur and seasoned tax professional with 20 years of experience in the tax industry. Her leadership at Xpert Tax Service has generated 8 figures in revenue, and as the founder of the Xpert Taxpreneur Academy, she has trained over 100 tax preparers, many of whom now earn six figures. Her extensive knowledge and expertise have earned her over 30 awards and features in esteemed publications such as Rolling Out, Impact Magazine, VoyageATL, and STSBranding. Dr. Wright has also been a familiar voice in the media, contributing to over 50 podcasts and talkshows. Dr. Gwennetta Wright is a distinguished serial entrepreneur and seasoned tax professional with 20 years of experience in the tax industry. Her leadership at Xpert Tax Service has generated 8 figures in revenue, and as the founder of the Xpert Taxpreneur Academy, she has trained over 100 tax preparers, many of whom now earn six figures. Among her many accolades are the Point of Light Award from Congressman Sanford Bishop, the Best of 2023 and 2024 Tax Preparation Company award, the Global Humanitarian Award, and the 2023 Presidential Lifetime Achievement Award. These honors reflect her deep commitment to her profession and her remarkable ability to excel across multiple business arenas. Dr. Wright's career exemplifies the pinnacle of professional dedication and excellence, continually inspiring and guiding the next generation of entrepreneurs. Her achievements underscore her profound impact on the tax and entrepreneurial sectors, demonstrating what is possible with relentless dedication and expertise. ### Our 2024 Media Participants Include several key business professionals in the region. Enjoy our Women, Wealth and Entrepreneurship Podcast as we are in our 5th season with host, Ariel Shaw, MBA.

Getting your taxes done by professionals should NOT be messy, but in some cases, outside of Choice Tax Relief, they are. Listen to this story about someone who got their taxes messed up by H&R Block AND a Tax Professional!Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/

In this joint episode, Neil Amato, host of the Journal of Accountancy podcast and Melanie Lauridsen, VP of AICPA Tax Policy and Advocacy discuss two recent Supreme Court decisions.   The Supreme Court ruling in Loper Bright Enterprises v. Raimondo overturned a 40-year-old precedent of deference referred to as the Chevron doctrine, affecting future rulemaking by eliminating the need for judges to defer to agency interpretations of ambiguous statutes. In Corner Post, Inc. v. Board of Governors of the Federal Reserve System, the Supreme Court ruled to alter the statute of limitations for challenging regulations, starting the clock when a plaintiff is injured rather than when the regulation is enforced.   These decisions introduce significant uncertainty for the accounting profession, particularly regarding IRS regulations and long-standing rules and emphasize the need for CPAs to stay informed and adaptable as the implications of these rulings unfold.    AICPA Resources Melancon: Supreme Court decisions are ‘big deal' for tax pros, The Tax Adviser, Aug. 1, 2024 Supreme Court overrules 40-year-old Chevron doctrine, The Tax Adviser, June 28, 2024 Supreme Court decision on Chevron doctrine will affect tax pros, Journal of Accountancy, June 24, 2024 For a full transcript of the episode, see  Tax Section Odyssey on the AICPA & CIMA website.   

How much should you be paying a tax professional? Share your thoughts on Facebook: Real Estate Investors: https://www.facebook.com/groups/REIKnowledgeVault Tax Pros: https://www.facebook.com/groups/realestatefortaxprosShare your thoughts on IG:https://www.instagram.com/re_tax_strategist/In this episode, we delve into the complexities of determining the cost of tax preparation and planning. Using a real-world example where someone faced a significant tax bill, we explore the core factors that influence these costs. We dissect the differences between tax preparation and tax planning, both of which can vary significantly in price. We also discuss the current shortage of skilled tax professionals in the industry, exacerbated by high retirement rates and the impact of COVID-19. Finally, we touch on how individual circumstances uniquely shape the cost of tax services. Tune in to gain valuable insights into why tax preparation prices can be so varied and what you can expect when seeking professional tax services.00:00 Introduction: Shocking Tax Preparation Costs00:28 Understanding Tax Return Pricing01:44 Tax Preparation vs. Tax Planning01:57 The Impact of Industry Shortages07:01 Supply and Demand in Tax Services14:49 Common Misconceptions and Translations25:35 National Survey Insights32:07 Conclusion: What Should You Pay?

This week we're discussing the multifactor authentication requirement for tax professionals to safeguard sensitive client information.

"Shaping an Industry and Advocating for Change": "This is a once-in-a-lifetime opportunity to build and shape one of the largest industries in the country. And it has far-reaching aspects beyond just the plant and, you know, rescheduling the plant, de-scheduling the plant, but there's a social equity component tied to it."Today's episode is going to be a blast because we've got the amazing Naomi Granger with us. Naomi is a total rockstar in the world of cannabis accounting and taxation. She's the brains behind the National Association of Cannabis Accounting and Tax Professionals and Green Leaf CFO, and she's super passionate about helping tax pros navigate the tricky waters of the cannabis industry.We're diving deep into Naomi's story—from growing up in the wild casino world of Las Vegas to crushing it as a top accountant. She'll share her transition from the corporate grind to becoming a go-to expert in cannabis tax codes. Plus, she'll give us the lowdown on her game-changing training program, "Calculating Cannabis," and why mentorship and self-growth are key to making it big in your career.Naomi's got some fascinating insights into the future of accounting, her push for social equity in the cannabis world, and how she wants to leave a legacy of financial literacy and successful businesses. This episode is brought to you by PureTax, LLC. Tax preparation services without the pressure. When all you need is to get your tax return done, take the stress out of tax season by working with a firm that has simplified the process and the pricing. Find out more about how we started.Empowering Moments00:00 Introducing Naomi Granger, a powerhouse in cannabis accounting.06:30 First job at Deloitte, dream come true.08:05 Internships, graduation, long career in public accounting.15:25 Initial struggle led to a successful breakthrough.23:32 Moved to Las Vegas, saw cannabis industry growing.30:31 Deciding to teach and share industry secrets.33:08 Program "Calculating Cannabis" trains professionals in industry.37:42 Confidence and self-reflection crucial for success.41:25 Advocacy for cannabis industry and social equity.Running a business doesn't have to run your life.Without a business partner who holds you accountable, it's easy to be so busy ‘doing' business that you don't have the right strategy to grow your business.Stop letting your business run you. At Harper & Co CPA Plus, we know that you want to be empowered to build the lifestyle you envision. In order to do that you need a clear path to follow for successOur clients enjoy a proactive partnership with us. Schedule a consultation with us today.Download our free guide - Entrepreneurial Success Formula: How to Avoid Managing Your Business From Your Bank Account.Copyright 2024 Glenn Harper https://creativecommons.org/licenses/by-nd/4.0/

 Avoiding  Accidental Partnerships in Real EstateInCite Tax Professional Community: https://www.incite.tax/ Facebook for Tax Professionals: https://www.facebook.com/groups/realestatefortaxprosFacebook for Real Estate Investors: https://www.facebook.com/groups/REIKnowledgeVault Electing out of CPAR: https://www.irs.gov/businesses/partnerships/elect-out-of-the-centralized-partnership-audit-regimeSmall Partnership Late Filing Relief Rev Proc 84-35 : https://www.taxnotes.com/research/federal/irs-private-rulings/legal-memorandums/small-partnerships-are-not-automatically-exempt-from-filing-returns/1w8vnRev Proc Spousal LLC Filing as a QJV instead of a 1065: https://www.irs.gov/pub/irs-drop/rp-02-69.pdfIn this episode of 'Real Estate is Taxing,' host Natalie  breaks down the common issue of accidental partnerships in real estate, explaining how they are often unknowingly created and the complications they bring to tax filings. She outlines the key facts about partnerships, including the forms and reports required, and provides multiple solutions for managing these accidental situations, such as treating them as disregarded entities or qualified joint ventures. Listeners also get strategic advice on dealing with late partnerships and ensuring they do not fall foul of regulations. Natalie emphasizes the importance of understanding the tax implications when setting up LLCs with co-owners, which is crucial to avoiding unexpected tax complications.00:00 Introduction to Real Estate Taxing00:58 Understanding Partnerships and Form 106504:17 Common Accidental Partnerships05:43 Solutions for Accidental Partnerships14:47 Late Filing Relief and CPAR21:34 Conclusion and Real-Life Example 

Ever gone to the office worked a whole day and on your way home you are thinking, "What the Heck did I do today?". You feel that you have nothing to show for it. You answered two to three "Got a minute" phone calls, returned all of the email that came in within 5 minutes of it showing up and even met with a few clients that were not previously scheduled. This episode will help you correct that problem so you can become more productive with your day!

In this eye-opening episode, Casey and Jarrod team up with tax expert Kevin Rhoton, a seasoned CPA and MBA, to delve into some of the most alarming tax schemes that the IRS has been warning the public about. Kevin breaks down the intricacies of these schemes, offers practical advice on how to spot them, and shares tips on protecting yourself from becoming a victim. Don't get duped—tune in today and arm yourself with the knowledge you need to keep your finances secure.Interested in more info on how to: Earn More, Save More, and Retire EarlyUpcoming Tour Dates: Go to our EVENTS page for infoFacebook: Four Quadrants AdvisoryInstagram: @fourquadrantsadvisoryLinkedIn: Four Quadrants Advisory

Episode 213 FACULTY: Naomi Granger, CPA CLASS: #TheGuide In this episode of Accounting High, Scotty interviews Naomi Granger, CPA, founder of The National Association of Cannabis Accounting and Tax Professionals (NACAT) and the historic co-founder of Dope CFO. Naomi shares her journey from traditional corporate accounting to the niche field of cannabis accounting, highlighting the industry's growth, challenges, and complexities. They discuss regulatory issues, the importance of niche expertise, social equity programs, and the broader implications of recent changes in cannabis scheduling. Chapters: 0:00 Teaser 03:33 Discovering the Cannabis Industry 12:24 The Legal Landscape of Cannabis 14:00 Intoxicating Hemp 16:45 The Future of Cannabis Regulation 18:30 Building the Cannabis Accountants Association 20:55 Impact of Schedule 3 on Cannabis Businesses 23:51 Banking Challenges for Cannabis Businesses 31:11 Hope for the Future    32:08 Social Equity in the Cannabis Industry 36:03 Certified Cannabis Seed Counters 40:50 Conclusion and Contact Information

“I think you need to hold space and have empathy for yourself, about looking at it [taxes] and attempt to look at it as information and as neutral, even though you're probably going to have these stories that swirl in your head.”How can understanding taxes strengthen your marriage? Our host Ed Coambs tackles this intriguing question alongside Hannah Cole, an artist turned tax educator. Hannah's journey from shying away from the business and taxes side of things to becoming a beacon of support for self-employed individuals is nothing short of inspiring. You'll find yourself nodding along as Ed and Hannah discuss the common feelings of judgment from tax professionals and the vital role empathy plays in making money conversations less awkward and more productive.Facing the emotional turbulence of tax season can be daunting, especially within the context of a marriage. Hannah helps us navigate this rocky terrain by shedding light on the vulnerability and shame many feel when revealing personal financial details. Ed and Hannah reflect on the need for a more human-centered design. By emphasizing the importance of relational support and empathy, the aim is to alleviate the anxiety often accompanying financial discussions and improve mutual understanding between partners.Hannah and Ed also explore the concept of financial innocence and the idea of money as a neutral tool. They discuss practical advice on understanding self-employment tax, paying estimated quarterly taxes, and the consequences of neglecting these responsibilities. The discussion touches on the psychological and moral development necessary for a balanced perspective on money and the importance of confronting deep-seated fears about feeling broken or flawed. Tune in next week for a continuation of this rich, informative discussion designed to make financial conversations more approachable, empathetic, and productive.Key Topics:Welcome, Hannah! Taxes, Artistry, and Financial Intimacy (02:03)Importance of True Understanding for Personal and Business Growth (04:27)Design Flaws in the Tax System (12:40)Taxes, Representation, and Financial Literacy (16:50)Tax Responsibility and Challenges for Married Couples (22:01)Money Agency and its Impact on Financial Decision-Making (27:49)Psychological and Moral Factors Behind Money (32:28)Tax Debt, Empathy in Accounting, and Avoiding Scams (37:31)Tax Fears, Comfort, and Growth with a Tax Professional (43:27)Resources:Sunlight TaxSunlight PodcastConnect With Healthy Love and Money: Schedule your free 30-Minute Discovery Call About Therapy-Informed Financial Planning™. Learn about your money and attachment style with this short Attachment Style Quiz. Buy the Double Award Winning Book: The Healthy Love and...

Though the Employee Retention Credit (ERC) was designed to help businesses like yours during the COVID era, it's turned out to be a big problem for the IRS. And they're cracking down on wrongful claims. So, what happens if you submit a bad claim and the IRS comes at you with an audit? How will you fix it and avoid paying the serious consequences of improper filing?   Join ProMarketer Podcast host, Christian Jones, and special guest, Catherine Tindall*, CPA, founder of Dominion Enterprise Services (DES) as they discuss the essential due diligence needed to keep your clients compliant and avoid potential pitfalls with the ERC.    *Catherine Tindall, CPA, saw the issues with the ERC from the get-go, and has worked to develop tools for tax professionals to help their clients get back into compliant positions with the IRS. Her expertise has been featured by Intuit and the Journal of Accountancy, and she has had over 16,000 professionals attend her continuing education seminars.

In this episode, Roger and Annie discuss a variety of tax-related topics, including updates on the Beneficial Ownership Information (BOI) reporting requirements, and the Employee Retention Credit (ERC). They also cover issues with the postal service causing delays in tax payments reaching the IRS, the benefits of taxpayers and tax professionals setting up online accounts with the IRS, and recent changes to overtime pay thresholds and non-compete clauses. Additionally, they provide tips for tax professionals on what to focus on during the slower summer months, such as working on extension returns, analyzing technology and software, and planning CPE. They close by mentioning the upcoming IRS Tax Forums taking place in various cities across the US.SponsorsPadgett -  Contact Padgett or Email Jeff Phillips(00:00) - Introduction and Welcome (01:20) - Discussion on BOI (Beneficial Ownership Information) (02:03) - Hearing Insights and Political Dynamics (05:41) - Legal Challenges and Court Cases (10:59) - Employee Retention Credit (ERC) Updates (14:37) - Mail Issues and IRS Processing Delays (21:18) - New FTC Rules on Non-Compete Clauses (22:55) - Overtime Protections and Salary Thresholds (25:01) - Impact of Elections on Business Regulations (25:27) - Challenges for Small Business Owners (26:32) - Survey Insights from Tax Season (28:24) - IRS Online Services Improvements (30:33) - Benefits of IRS Online Accounts (36:31) - Summer Strategies for Tax Professionals (40:12) - Planning for CPE and Technology Updates (42:40) - Upcoming IRS Forums and Final Thoughts Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

This week we're covering when a tax professional may be classified as an employee versus an independent contractor, and exemptions from the application of the ABC test to tax professionals.

Drake Friesen, Owner of Cinch Accounting, joins us for a deep discussion on the ways tax professionals and financial advisors can work together and enhance each others' services. This episode includes a plethora of things to look for as a professional to help determine if you're obtaining the level expertise from financial professionals that you need based on where you are in your financial life and career.Drake can be reached via email at drake@cinchaccounting.co or you can connect with him through his website, Instagram, or FacebookContact: Ben@abundancewm.comWebsite: Abundance Wealth ManagementShow music: Can We Go by The Violet NinesDISCLAIMERThe discussions contained in and referred to in this podcast are provided for educational, informational, and entertainment purposes only. The information, statements, comments, views, and opinions expressed or provided are not necessarily those of Abundance Wealth Management LLC and may not be current. Abundance Wealth Management LLC does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, and any liability therefore (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Abundance Wealth Management LLC does not undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views, or opinions set forth in this podcast.You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this podcast without undertaking independent due diligence and consultation with a professional wealth management advisor. You understand that you are using all information available on or through this podcast at your own risk. Hosted on Acast. See acast.com/privacy for more information.

Today, Shannon will not only explore why securing a qualified tax pro feels like an insurmountable task, but she'll also share some insider tips—consider them your cheat codes—to help you navigate this process with confidence. From the pitfalls of prioritizing convenience over quality to the struggles of aligning expectations, we'll uncover the barriers in the accountant-client relationship. Shannon's candid discussion addresses the communication gaps, the importance of sales skills for accountants, and the vastly differing interpretations of what "good" really means when it comes to tax services.   What you'll hear in this episode: 03:27 Find a partner who can articulate tax issues. 08:46 Developing sales skills improves communication and trust. 12:29 Mismatched expectations can lead to mislabeled services. 16:11 Podcast aims to simplify complex business concepts.   If you like this episode, check out: Best Practices to Collect Cash from Customers Faster How to Generate Cash Without Increasing Price   Want to learn more so you can earn more? Try Kajabi free for 14 days here: https://app.kajabi.com/r/zGmoZA9E/t/tsfmvbq4 Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

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.

Sonia Castelan, a tax professional shares her journey from struggling with personal finances to becoming an expert in tax planning and preparation. Sonia details her transition from a corporate job to running her own tax business, emphasizing the importance of tax planning for entrepreneurs and individuals alike. She offers insights into common tax misconceptions, particularly around tax refunds and business expenses, and stresses the importance of education in navigating the tax system. Sonia's story of leveraging social media to educate and engage with her community, especially the Latino community, highlights her innovative approach to making tax information accessible and understandable. The conversation also touches on the impact of studying sociology on her career, her experiences with prestigious programs like the Cornell Women's Entrepreneurship Program, and the importance of work-life balance. This episode is a rich resource for educators looking to integrate tax education into their curriculum, providing practical insights and strategies for understanding and teaching about taxes.

Let's Get Our Taxes in Order! This week Cassandra Galan, Tax Professional & Bookkeeper at Galan Consulting , chats with us about how she got into the tax industry, some common misconceptions about filing taxes, and how she helps make this stressful time of year a little easier for her clients by providing her much needed services! →Join our Working Moms of San Antonio: Business Owners Community Membership: https://www.workingmomsofsanantonio.com/membership ♥️Get in touch with Cassandra on her website: https://cassandragalan.com or on instagram at https://www.instagram.com/galanconsulting/ →Join the Working Moms of San Antonio Facebook Group: https://www.facebook.com/groups/WorkingMomsofSA →Subscribe to the Video Podcast: https://www.youtube.com/@WorkingMomsofSanAntonioPodcast →Send questions or episode topics to: office@radisagent.com →Support a local working mom by visiting our Working Moms of San Antonio Business Directory: https://www.workingmomsofsanantonio.com/referral-directory →Working Moms of San Antonio on Instagram: https://www.instagram.com/workingmomsofsanantonio/

WEBSITE: ⁠https://linktr.ee/Wynningteam757⁠ SPOTIFY: ⁠https://open.spotify.com/show/1TI7Grj...⁠ APPLE PODCAST: ⁠https://podcasts.apple.com/podcast/id...⁠ LINKEDLN: ⁠https://www.linkedin.com/company/chan...⁠ HOST: Tyler Wynn ( ⁠https://www.instagram.com/wynningteam...⁠ ) BEST CUP OF COFFEE: www.taxusstreetcoffee.com In this episode, tax advisor Larry Pendleton discusses various tax strategies and deductions for both W2 employees and self-employed individuals. He explains the progressive tax system for W2 employees and how tax brackets work. He also highlights the importance of understanding the tax code and leveraging deductions to lower tax liability. Pendleton provides insights into the benefits of short-term rentals and cost segregation studies for rental properties. He discusses the advantages of different entity structures, such as LLCs and S-corps, and when it's appropriate to make an S-corp election. Pendleton also shares tips for keeping clean books and maximizing deductions for marketing and business travel expenses. The conversation covers topics such as student debt forgiveness, financial education, long-term transition to lower taxes, interest on student loans, investment strategies, investing in mortgage notes, choosing investment locations, affordable housing issues, and hiring a tax professional. Chapters 00:00 Introduction and Overview 01:03 Understanding W2 Taxes 02:08 How Taxes are Calculated for W2 Employees 03:08 Tax Strategies for W2 Employees 04:07 Tax Deductions for W2 Employees 05:04 Tax Strategies for Self-Employed Individuals 06:29 Tax Benefits of Short-Term Rentals 07:46 Proving Material Participation in Short-Term Rentals 09:06 Cost Segregation Studies for Rental Properties 09:59 Impact of Cost Segregation on Taxable Income 10:57 Tax Strategies for 1099 Contractors 16:32 Tax Implications of Self-Employment 17:54 Writing Off Home Office Expenses 19:22 Deductible Expenses for Business Owners 21:41 Writing Off Vehicle Expenses 23:37 Benefits of Having Multiple Vehicles for Business 24:34 The Role of LLCs and S-Corps in Tax Planning 26:00 When to Consider an S-Corp Election 27:29 Choosing the Right Entity Structure for Rental Properties 30:48 Bookkeeping and Record-Keeping for Small Businesses 32:14 Cash Basis vs Accrual Basis Accounting 38:41 Tax Deductions for Marketing and Influencer Expenses 40:32 Deductible Expenses for Business Travel 43:54 Recent Changes in the Tax Code 45:20 Improvements to the Tax Code for Everyday People 46:43 Tax Strategies for Childcare and Education 47:10 Adjusting Tax Rates for Inflation and Cost of Living 47:18 Student Debt Forgiveness 48:32 Financial Education 49:28 Long-Term Transition to Lower Taxes 50:26 Interest on Student Loans 52:19 Investment Strategies 54:13 Investing in Mortgage Notes 56:37 Choosing Investment Locations 57:59 Affordable Housing Issues 59:25 Hiring a Tax Professional 01:01:19 Single-Member LLCs vs Multi-Member LLCs ****DISCLAIMER*** I AM NOT A CPA, ATTORNEY, INSURANCE, CONTRACTOR, LENDER, OR FINANCIAL ADVISOR. THE CONTENT IN THESE VIDEOS SHALL NOT BE CONSTRUED AS TAX, LEGAL,INSURANCE, CONSTRUCTION, ENGINEERING, HEALTH OR SAFETY, ELECTRICAL, FINANCIAL ADVICE, OR OTHER AND MAY BE OUTDATED OR INACCURATE; IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. THIS IS A PODCAST AND YOUTUBE VIDEO FOR ENTERTAINMENT PURPOSES ONLY

In this podcast episode, Doug McHoney, PwC's International Tax Services Global Leader, interviews Heather Horn, PwC's Assurance National Thought Leader and host of the twice-weekly PwC Accounting Podcast. Doug and Heather discuss sustainability reporting and its increasing importance in the business world. They cover various regulations and standards, such as the EU's Corporate Sustainability Reporting Directive (CSRD), and the potential intersection between sustainability reporting and tax transparency. Doug and Heather note the similarities between CSRD and other recent reporting requirements, like Pillar Two and the EU's Foreign Subsidies Regulation (FSR). They also highlight the challenges and considerations for companies as they deal with new stakeholders and navigate the new reporting requirements. 

Going Long Podcast SERIES HIGHLIGHT Episode390: The Importance of Having a Tax Professional on Your Long Distance Investing Team ( To see the Video Version of today's conversation just CLICK HERE. ) In the conversation with today's guest, Larry Pendleton you'll learn the following:   [00:35 - 03:30] Show introduction with comments from Billy. [03:30 - 08:03] Guest introduction and first questions. [08:03 - 16:38] The backstory and decisions made that led Larry to this point in his journey. [16:38 - 24:39] What Larry means when he says it's “the Game” when it comes to accounting and Tax, and how you can know the rules and play this game right! [24:39 - 30:43] Larry explains the difference between someone who files your taxes and someone who helps you with your tax planning, and why having one of these individuals on your investing team will be of real benefit. [30:43 - 34:40] Some of the things you should consider from a Tax perspective when looking to invest out of State or to invest long distance in general. [34:40 - 40:50] The questions that you need to ask to work out whether a Tax professional is going to be a good fit for you in regards to getting you to the place you want to be in the future.  Here's what Larry shared with us during today's conversation:    Where in the world Larry is based currently: Norfolk, Virginia. The most positive thing to happen in the past 24 hours: Larry had a deep and reaffirming conversation with his wife which they both really got a lot from! Favourite place in Europe: Florence, Italy. A mistake that Larry would like you to learn from so that you don't have to pay full price: Make sure to truly focus on your strengths! Don't personally take on things that are not your forte.  Book Recommendations: Who Not How, by Dan Sullivan https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151    Be sure to reach out and connect with Larry Pendleton by using the info below:     Website: https://linqapp.com/LarryPendletonCPAinRealEstate?r=link  LinkedIn: https://www.linkedin.com/in/larry-pendleton-jr-cpa-msa-493aa249      To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI     Start taking action TODAY so that you can gain more Education and Control over your financial life.   Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels  

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the misconception that tax advice is a one-size-fits-all solution. With the rise of social media influencers and the influx of financial advice, it's crucial for real estate investors to be aware of the potential pitfalls of generic tax advice. Chris emphasizes the importance of personalized tax planning and highlights some costly decisions that can arise from following generic advice. Tune in to learn more about the intricacies of tax advice and how to navigate them effectively. [00:00:14] - Introduction to Know Your Numbers REI Podcast [00:00:25] - Goals of BetterBooks Accounting [00:00:47] - Importance of Tailored Tax Advice [00:01:29] - The Misconception of One-Size-Fits-All Tax Advice [00:01:40] - Influence of Social Media on Tax Advice [00:02:12] - Growing Demand for Tax Professionals [00:02:54] - Risks of Unqualified Tax Advice [00:03:15] - Decrease in Tax Professionals [00:03:57] - Personal Nature of Tax Advice [00:04:07] - Entity Structure Advice Warning [00:04:39] - Misleading Entity Structure Promotions [00:05:00] - Importance of Trustworthy Entity Structuring [00:05:31] - Credentials of a Tax Professional [00:06:02] - CPA and Enrolled Agent Qualifications [00:06:34] - Certified Tax Planner Designation [00:07:17] - Personalized Advice on Entity Structure [00:07:27] - Depreciation and Its Personal Relevance [00:08:09] - Accelerated Depreciation and Cost Segregation [00:08:41] - Qualifications for Accelerated Depreciation [00:09:12] - Cost Segregation Expertise and Referrals [00:10:04] - Real Estate Professional Status Misconceptions [00:10:46] - Requirements for Real Estate Professional Status [00:11:40] - Seeking Qualified Tax Advice [00:12:01] - BetterBooks' Approach to Tax Advice [00:12:53] - Encouragement to Consult a Tax Advisor [00:13:03] - Podcast Outro and Call to Action ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team or fill out a contact request form ➤➤ https://www.betterbooksaccounting.co/contact   ••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/  LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/  Instagram: https://www.instagram.com/chrismccormackcpa/   → → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ←  https://www.youtube.com/@betterbooksREI/featured The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. #TaxPlanning #EntityStructure #Depreciation #AcceleratedDepreciation #CostSegregation #RealEstateProfessionalStatus #ProactivePlanning #BuildingRelationships #TaxChanges #IRSCode #TaxPreparation #RealEstateInvestmentTips #RealEstateTaxProfessionals #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

Blake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules! Grab some snacks and enjoy!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowUncat - http://accountingpodcast.promo/uncatBookkeep - https://earmarkcpe.promo/EarmarkMediaKitChapters(00:00) - How Much Tax Preparers Charge (01:18) - Blake applied to be the new NASBA President and CEO (08:56) - David's customer experience at a Publix's grocery store (11:06) - National Association of Tax Professionals 2023 survey results (17:54) - What type of returns are they doing? (23:16) - How do tax preparers operate? (24:32) - How do tax preparers price? (27:38) - Now lets talk about business tax returns (32:02) - When do tax preparers get paid? (50:57) - What work went unbilled? (54:58) - Type of services offered (55:27) - Average wages for tax employees (56:08) - Blake checks in with the live stream (59:14) - Daryl asks for career advice (01:04:56) - New TurboTax ad doesn't shy away from "free" claim (01:06:10) - Listener email on reciprocity (01:18:38) - Wrap up and where to reach us  Show NotesIntuit TurboTax's 2024 "Make Your Moves Count" Campaign Highlights Its Tax Experts, AI Technology and Filing Solutions Ensuring the Best Tax Outcome for All Types of Filers   TurboTax Free Edition 2024 Commercial "Free Connoisseur" (Official TV Ad :30) NATP 2023 Tax Professional Fee StudyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/LiveFlow Event - https://www.liveflow.io/events/greg-kyte-eventREFRAME WORKSHOP - https://www.reframe2024.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page