Podcasts about tax tips

Taxes don't have to be the thing you avoid until April. In this episode of The Portrait System, Nikki sits down with Heather Leicy (tax prep educator + bookkeeper + working photographer) to break down photographer tax deductions, year-round tax prep, and the biggest “can I write this off?” mistakes.You'll learn:What to do monthly so you're not scrambling at tax timeA simple system for setting aside 20–30% for taxesCommon photographer deductions: education, software, gear, website costs, client giftsThe truth about meals/coffee write-offs (when it counts, when it doesn't)Home office deduction basics and “dedicated space” rulesWhy mileage tracking is one of the most missed deductions (and the app Heather recommends)A simple breakdown of LLC vs S-corp taxation and why it's a math decisionWhy sales tax rules vary so much by state (digital vs physical vs services)Important: This episode is for educational purposes only and is not tax, legal, or accounting advice. Tax laws vary by location and change over time. Always consult a qualified CPA/tax professional about your specific situation.Find HeatherInstagram: @heather.marie.LeicyCommunity: Conquer Community – theconquercommunity.comIf you enjoyed this episode, please subscribe, leave a review, and share it with a photographer friend who needs a tax reset.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Most business owners and self-employed individuals overlook crucial deadlines that could cost them thousands in penalties—are your 1099s and W-2s on time? In this eye-opening episode, tax expert Randy Gomez breaks down the essential IRS deadlines for 1099s and W-2s, revealing how to avoid costly penalties when deadlines shift due to weekends. Whether you're an employer managing hundreds of contractors or a freelancer waiting for your tax forms, missing these dates can cause delays, audits, or fines you didn't see coming. Get ahead with Randy Gomez's expert advice, ensuring your tax forms are filed error-free and on time.#TaxTips #1099 #W2 #IRSDeadlines #SmallBusiness #Freelancer #TaxSeason #AvoidPenalties #TaxFilingRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

While tax evasion is illegal, tax avoidance is actually encouraged by our tax code. We walk you through the actionable steps you can take in every decade of your life to make sure your tax planning is optimized. From Roth contributions to capital gains rates, this episode covers a TON of practical information that might apply to your financial situation. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Navigating Common Tax Mistakes and New Tax Laws for 2026In this episode of Techie Personal Finance Bootcamp, the host discusses several common tax mistakes and introduces new tax laws for 2026. Starting with essential tax preparation steps, the episode explains the importance of gathering relevant tax documents, considering new changes like RSUs and employer stock, and the pitfalls of rushing to file taxes without all forms. The host emphasizes the need for meticulous reporting, particularly for tech professionals dealing with employer stock and those affected by income limits on IRA contributions. The episode also covers strategies such as backdoor Roth conversions, handling 1099 forms accurately, and the implications of recent changes to the state and local tax cap. Additional tips include maximizing dependent care credits, 529 plan contributions, and rental property depreciation. Finally, the host advises business owners on correctly claiming legitimate business expenses to avoid IRS scrutiny. Listeners are encouraged to seek professional advice and ensure all financial details are accurately reported.00:00 Introduction to Techie Personal Finance Bootcamp Season 801:23 Essential Tax Preparation Tips for 202601:53 Understanding New Tax Changes and Forms02:22 Avoiding Common Tax Filing Mistakes03:06 Time Travel Techniques for Tax Contributions04:47 Automatic Tax Adjustments and Deductions05:37 Maximizing Itemized Deductions07:01 Common Tax Filing Errors and How to Avoid Them09:05 Special Considerations for High Earners and Stock Options12:24 Tax Tips for Parents and Property Owners14:35 Final Thoughts and Looking Aheadhttps://www.levelupfinancialplanning.com/tax-planning-retirement-accounts-backdoor-roths/

The Moneywise Radio Show and Podcast Thursday, February 5th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management Guest: Tom Maxwell, CPA/MST website: https://www.kmallpcpa.com/ The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Thomas Maxwell and his business are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management].

Segment 1: Phillip Shaw, CFP, Senior Advisor, Goldstone Financial Group, joins Tom Gimbel to talks about why the market is soaring today, the market continuing to broaden out, the disconnect between the strong market and overall economic health, his thoughts on interest rates and Fed policy moving forward, and what we should know this tax season. Segment 2: […]

Tax season is coming! Hunter and Judson offer tax tips to start the year right and avoid last-minute scrambling. From maximizing your 401(k) to navigating 1099 requirements, these tips can help optimize returns and prepare for a smooth tax season.   LINKS Podcast Video cainwatters.com Submit a Question Facebook | YouTube | Instagram

The Financial Chick - Dormant Accounts & Tax Tips! 1-23-26 by JVC Broadcasting

In this essential episode, Bill Betts is joined by Chante, founder of C Squared Accounting in Houston, Texas, to break down the often-overlooked but critical topic of tax compliance for pet business owners.With over a decade of experience in accounting, Chante shares expert advice on how groomers and other pet professionals can avoid common tax pitfalls, understand deductible expenses (including how your pet might actually help reduce your tax bill!), and stay on the right side of IRS regulations.Whether you're a solo groomer or running a team, this episode is packed with practical insights to help you stay compliant, maximise your deductions, and build a financially sound grooming business.You can find out more about Chante's accountancy here: https://general.c-squaredaccounting.com/home

In this essential episode, Bill Betts is joined by Chante, founder of C Squared Accounting in Houston, Texas, to break down the often-overlooked but critical topic of tax compliance for pet business owners.With over a decade of experience in accounting, Chante shares expert advice on how groomers and other pet professionals can avoid common tax pitfalls, understand deductible expenses (including how your pet might actually help reduce your tax bill!), and stay on the right side of IRS regulations.Whether you're a solo groomer or running a team, this episode is packed with practical insights to help you stay compliant, maximise your deductions, and build a financially sound grooming business.You can find out more about Chante's accountancy here: https://general.c-squaredaccounting.com/home

In this episode of Tax Tips with Latinx Business Podcast, Randy Gomez dives into the latest tax changes for 2026, offering valuable insights for both individuals and business owners. Learn how to maximize your deductions, navigate the complexities of bonus depreciation, and plan strategically for the upcoming tax season. Whether you're a homeowner or a business owner, these tips will help you make informed financial decisions. Don't miss out on expert advice to optimize your tax strategy! #TaxTips #FinancialPlanning #LatinxBusiness #TaxSeason #Deductions #BonusDepreciation #Homeowners #BusinessOwners #TaxStrategyRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

WBEN's Tom Puckett on a proposal to not tax tips in NYS starting in 2026. full 47 Thu, 22 Jan 2026 08:39:00 +0000 qm9wBiVSHp8O9PQSijw40MKN7FDLoT1l news WBEN Extras news WBEN's Tom Puckett on a proposal to not tax tips in NYS starting in 2026. Archive of various reports and news events 2024 © 2021 Audacy, Inc. News False https://player.ampe

Unexpected tax bills erode trust fast. Most are preventable—if CPAs spot the warning signs early enough.Quick Tax TipWith Art WernerCPE TodaySurprise tax bills remain one of the most common—and avoidable—sources of client frustration. In most cases, the issue isn't aggressive planning gone wrong, but passive assumptions left unchecked throughout the year.Tax attorney Art Werner, JD, points to predictable triggers: income that rises while withholding stays flat, investment activity that isn't incorporated into estimates, and planning decisions made without coordination across the return.Click here for more Art WernerVariable income is a frequent culprit. Bonuses, equity compensation, retirement withdrawals, and side-business earnings can easily push clients into higher brackets or trigger phaseouts.

20260111 IVIE Entrepreneur exchange call on Tax tips for business owners Originally broadcasted January 11, 2026, on ACB Media 6 This session focused on tax tips for business owners. Chris Peterson from Penny Forward joined us as the featured speaker. Sponsored by: [Independent Visually Impaired Entrepreneurs](https://ivie-acb.org/ "https://ivie-acb.org") [join the IVIE email list](mailto:ivie+subscribe@acblists.org "mailto:ivie+subscribe@acblists.org")[Email the Facilitator](mailto:info@ivie-acb.org "mailto:info@ivie-acb.org")

From CPA to Business Owner: Lessons You Only Learn the Hard Way  | The Financial Operator Podcast | Episode 74    What does it really take to build a sustainable business—and stay sane while doing it?  In this episode of The Financial Operator: Cash In, Chaos Out, Jen sits down with Samantha Besnoff, CPA and founder of Your Financial Maven, for a candid, practical conversation every business owner needs to hear.  With over 30 years in accounting and more than a decade running her own firm, Samantha shares the real lessons that don't show up in spreadsheets, how long success actually takes, why boundaries matter more than hustle, and how understanding your numbers protects both your business and your sanity.  In this episode, we cover:  What it really looks like to leave a stable job and start your own firm  Why most small businesses struggle in the first 2–3 years  Setting boundaries with clients (and why it's not optional)  Pricing, retainers, and getting paid before the work is done  When—and how—to fire clients without blowing up your cash flow  What business owners need to know heading into tax season  The biggest bookkeeping and tax mistakes Samantha sees over and over  This conversation is a must-watch for: ✔ Small business owners ✔ Service providers & consultants ✔ Anyone tired of guessing with their finances  If you want fewer surprises, better cash flow, and a business that actually supports your life, this episode delivers.    ⏱️ Timestamps  00:00 Introduction & Guest Welcome 02:49 Samantha's Journey Into Entrepreneurship 07:15 Why the First 2–3 Years Are the Hardest 10:07 Getting Paid, Pricing Right, and Setting Boundaries 15:04 When (and How) to Fire Clients 20:02 Major Tax Changes Business Owners Should Know 26:50 Filing Deadlines, Extensions, and Tax Season Reality 34:45 What Business Owners Actually Need for Their Taxes 41:15 Who Samantha Works With & How to Get Started 44:37 Final Thoughts & How to Connect  To connect with Samantha M. Besnoff, CPA & Your Financial Maven: 

Host Randy Gomez provides valuable advice for both individuals and businesses to optimize their tax strategies before the year ends. For individuals, he emphasizes maximizing contributions to retirement accounts, strategically managing income and deductions, and utilizing tax loss harvesting. He also highlights the importance of charitable giving and ensuring proper documentation for tax deductions. For businesses, Randy advises on maximizing business retirement plans, deferring income, and utilizing tax credits to enhance financial planning and employee benefits. The episode concludes with an invitation for listeners to seek personalized tax consultations.#TaxTip #TaxPrepaation #TaxStartegy #1099 #YearEndPlanning #TaxSeasonRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

We're deep into December, and the window for smart year-end tax planning is closing quickly. Taxes may not be at the top of your Christmas wish list, but they are an important reminder of God's provision—and an opportunity to honor Him through wise stewardship.As Scripture reminds us, “The earth is the Lord's, and everything in it” (Psalm 24:1). That includes the resources He's entrusted to us. Thoughtful planning isn't about avoiding responsibility—it's about managing God's gifts with intention and gratitude.Today, we sat down with Kevin Cross, a seasoned CPA who has helped countless families navigate taxes with clarity and confidence. As we approach December 31 and look ahead to 2026, here are some of the most important moves to consider.Rethinking Charitable Giving at Year-EndCharitable giving is always close to the hearts of our listeners, and year-end is an especially strategic time to consider it.Recent changes to the tax code—including a higher standard deduction and an expanded SALT (state and local tax) deduction—mean many households may now benefit from itemizing again. If that's you, making charitable contributions before December 31 could provide meaningful tax benefits.But even if your standard deduction is still too high to itemize, there's another strategy worth considering: bundling your giving. Instead of spreading donations evenly each year, you might combine two years' worth of giving into one year. That can push you over the itemization threshold and maximize the tax benefit—while still supporting the ministries and causes you care about.Why a Donor-Advised Fund Is a Powerful ToolIf you don't yet know precisely where you want to give, a donor-advised fund (DAF) can be an incredibly flexible option. We often call it a charitable checking account. You receive the tax deduction when you contribute to the fund, then take your time prayerfully distributing gifts to qualified charities.Kevin likes to say it's “the most fun fund you'll ever have”—because it encourages generosity while allowing your resources to be invested and potentially grow before they're given.For those who want to ensure their giving supports gospel-centered ministries, I recommend opening a donor-advised fund through the National Christian Foundation (NCF). It's a wonderful way to align generosity with faith-based impact. You can learn more at FaithFi.com/NCF.A New Opportunity for Children and Grandchildren (Starting in 2026)One of the most talked-about developments Kevin highlighted is a new child tax savings account (Trump Account), set to begin in 2026. While no action can be taken until then, it's worth knowing what to expect.Under this provision, eligible children may receive a government-funded seed contribution, and families can contribute up to $5,000 per year. Even more interesting: businesses may be able to contribute up to $2,500 tax-free under the right circumstances—while still receiving a deduction.What makes this especially notable for generous families is that donor-advised funds may be used to contribute to these accounts, creating new ways to bless the next generation while maintaining a strong commitment to charitable giving. Proper planning and paperwork will be essential, but this is an opportunity many families will want to explore.Qualified Charitable Distributions: A Missed Opportunity for ManyOne of the most underutilized tax strategies Kevin sees involves Qualified Charitable Distributions (QCDs)—and it always surprises me how many people don't know about them.If you're 70½ or older, you can give directly from your IRA to a qualified charity and exclude that distribution from taxable income. Once you reach the age for required minimum distributions (RMDs), this becomes even more powerful. Instead of taking the distribution, paying taxes, and then giving what's left, you can give directly—often satisfying your RMD without increasing your tax bill.And this isn't limited to small amounts. You can give up to $100,000 per year through QCDs. It's one of the most effective charitable strategies available, especially for retirees who want to give generously while managing their tax burden wisely.Stewardship with PurposeTaxes can feel complex, frustrating, or even discouraging—but they don't have to be. When we view them through the lens of stewardship, they become another opportunity to align our financial decisions with God's purposes.Kevin Cross brings both expertise and encouragement to this conversation, reminding us that wise planning isn't about fear—it's about faithfulness. If you'd like to learn more about Kevin and his work, you can visit KevinCrossCPA.com.As we close out the year, our prayer is that your financial decisions reflect gratitude for what God has provided—and confidence that He will continue to lead you as you steward it well.On Today's Program, Rob Answers Listener Questions:I have about $135,000 in my 401(k), and my home is worth around $100,000. Would it be advisable to cash out my 401(k) to pay off my house?I was recently told about a fixed-rate annuity offering a 22% bonus immediately. Does that sound like a good opportunity, or is it too good to be true?My mother-in-law, who's still living, deeded my husband five and a half acres out of a 13-acre property. We're considering selling that portion to his sister and want to understand the tax implications—what tax rate applies, whether there's an inheritance tax, and how that works.Resources Mentioned:Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner)National Christian Foundation (NCF)Kevin Cross, CPAWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re deep into December, and the window for smart year-end planning is closing quickly. Taxes may not top your Christmas list, but they’re a reminder that God has provided—and wise planning helps us honor Him. On the next Faith & Finance Live, Rob West and Kevin Cross explore the most important moves to make before December 31. Then, it’s on to your calls. That’s Faith and Finance Live—biblical wisdom for your financial journey. That’s weekdays at 4pm Eastern/3pm Central on Moody Radio. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

In this episode of the 'Casual Cattle Conversations' podcast, Shaye interviews CPA Hannah Mann, who specializes in serving agricultural clients. They delve into practical tax and bookkeeping tips for ranchers, highlighting the importance of effective and marginal tax rates, and the potential benefits of income averaging using Schedule J. Hannah Mann shares her passion for the agricultural industry and her unique insights from both a professional and personal perspective. The discussion also covers common mistakes ranchers make with end-of-year bookwork and tips on utilizing software like Ambrook for efficient bookkeeping. Hannah emphasizes the importance of knowing your effective tax rate to make informed financial decisions and avoid unnecessary expenditures. Listeners will find valuable strategies to better manage their financials and leverage tax benefits specific to the agricultural industry.  Learn more about Ambrook: ambrook.com/casualcattle    Catch more conversation like this one and learn more at https://www.casualcattleconversations.com/ 00:00 Welcome to Casual Cattle Conversations  00:18 Introducing Hannah Mann: Tax Tips for Ranchers  01:08 Hannah's Passion for Agriculture  02:43 Tax Strategies and Bookkeeping Tips  07:05 Common Mistakes in Ranch Bookkeeping  11:22 Effective Tax Rate vs. Marginal Tax Rate  21:59 Retirement Accounts for Farmers and Ranchers  25:58 Understanding Raised vs. Purchased Cattle  26:57 Importance of Accurate Bookkeeping  28:10 Tips for Organizing Bookwork  29:08 Benefits of Using Ambrook Software  31:46 Challenges with QuickBooks  42:19 Tax Strategies and Effective Tax Rates  45:19 Final Thoughts and Recommendations 

Estate Planning Attorney Kristal Bowman-Carter provides tips for tax effective strategies with respect to year-end charitable giving. She discusses donor advised funds and qualified charitable distributions. Then Sarah Ervin, KPCW's development director, discusses the importance of year-end giving to KPCW.

How to pay less taxes with your Boomer Bonus!Imagine getting an extra $6,000–$12,000 tax deduction just for being born at the right time. No lotto win. No extra hours at work. No sugar daddy required. Just a savvy tax move for Boomers and near-Boomers that could seriously boost your bottom line — financially speaking.In Queer Money® Episode 617, we break down exactly how the New Boomer Bonus Deduction (2025–2028) works, who qualifies, and the five smartest ways to maximize it like you're working it on Tax Day. Plus, we walk through three real-ish scenarios to show how smart planning could save you thousands.If you're 65+ (or within the next four years), this deduction may be your built-in financial facelift — no stitches required.What You'll LearnWhat the Boomer Bonus deduction is and how it works (2025–2028)Income thresholds, phase-outs, and who qualifiesThe 5 best strategies to maximize your tax savingsHow to use the deduction with Roth conversions, capital gains timing, and more3 sample scenarios showing how Boomers could save thousandsKey Takeaways✔️ A $6,000–$12,000 deduction can offset Roth conversions✔️ Smart capital-gains timing can help keep you in the 0% bracket✔️ This deduction stacks on top of both standard and itemized deductions✔️ The window is temporary: 2025–2028 only✔️ Proper income planning = real money back in your pocketChapters:0:00 - Intro00:14 - The Boomer Bonus Deduction02:08 - Maximizing the Boomer Bonus03:02 - Strategies for Managing Your Income and Deductions06:05 - Real Life Tax Scenarios07:35 - Understanding the Boomer Bonus: Maximizing Your Tax Benefits09:30 - Wrap up

In this episode of the Latinx Business Podcast, host Randy Gomez delves into the new tax provision from the OBBBA Act, which exempts federal income tax on overtime pay starting in 2025. Randy explains how this temporary provision, lasting until 2028, allows individuals to claim significant deductions on their tax returns, potentially reducing their taxable income. He highlights the importance of understanding the nuances of this act, such as the continued obligation to pay Medicare and Social Security taxes. Randy also offers insights into how this change can benefit those who rely heavily on overtime for their annual income#OvertimeTax #OBBBAAct #FederalIncomeTax #TaxDeductions #TaxConsultation #Medicare #SocialSecurity #TaxReturn #TaxCredits #TaxPlanningRandy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA

There have been a lot of tax changes as a result of the #bigbeautifulbill and things don't all take effect at the same time.  In this episode, we break down some of the most basic and important things that will affect our clients on a day-to-day basis and we hope you come away with some very valuable knowledge! Subscribe to the #MoneyGuidewithMarySterk on apple podcasts: https://tinyurl.com/3x65ejdm #forbes #financialplanner #wealthmanagement #sterkfinancialservicesSchedule an appointment with one of our advisors today! https://www.sterkfinancialservices.com/p/contactSubscribe to the “Money Guide with Mary Sterk” podcast on Apple Podcasts. Schedule an appointment with one of our advisors today!Follow us on FacebookFollow us on LinkedinSubscribe on YoutubeFollow us on Twitter

This week on “Henssler Money Talks,” we're digging into what Thanksgiving really costs in 2025. Walmart is rolling out a dinner basket that feeds 10 for under $4 per person—though it's a bit leaner than last year and noticeably missing those beloved King's Hawaiian rolls. Target's four-person meal rings in under $20, even as grocery prices climb 2.7%. We break down what all of this says about inflation, consumer behavior, and the state of the American wallet heading into the holidays.Then we turn to the markets. November has been a tougher month for stocks, and as third-quarter earnings season winds down, big names like Nvidia are still set to drive headlines. Can its results turn the week around? With the government shutdown now off the table, investors are also gearing up for a fresh round of economic data—including minutes from the Federal Reserve's October meeting that may offer clues about the path of interest rates. We unpack what investors should watch and what it all means for your portfolio.After the break, we dive into a headline-grabbing idea: 50-year mortgages. The Federal Housing Finance Agency is floating the concept, but would stretching a home loan over five decades make homebuying more accessible—or simply saddle borrowers with far more interest over time? We lay out the potential benefits, the pitfalls, and what this could mean for future homeowners.And in our year-end planning segment, we turn to single-member LLCs and gig-economy workers. If you work for yourself, now is the time to take stock of your 2025 tax picture. We'll walk through what counts as income, which expenses qualify as deductions, and how to maximize retirement contributions before the year wraps up.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — November 22, 2025  |  Season 39, Episode 47Timestamps and Chapters5:39: Gravy, Gobble, and Grocery Bills13:47: Earnings, Rates & Market Trends26:37: 50-Year Home Stretch41:31: Solo but Smart: Year-end Financial Moves for Your LLCFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

Ken Landau talks with CPA Seth Kamens, who offers tips for year-end tax tips frequently overlooked,  record keeping requirements and on how to avoid penalties.

Quick End of Year Law Firm Owner Tax Tip.

In this episode of the Latinx Business Podcast, Randy Gomez discusses the new tax law regarding tips, which will take effect in tax year 2025. He explains the historical context of tipping in the U.S., the implications of the new law, and how service workers can benefit from the $25,000 deduction on tips per year. The conversation emphasizes the importance of proper reporting on W-2 and 1099 forms to benefit from this and the potential consequences of not adhering to the new regulations.Randy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA#Tipping #TaxLaw #ServiceIndustry #IRS #Deductions #W-2 #IncomeTax #FinancialTips #TaxDeductions #ServiceWorkers

Frank/Sports Card CPA returns for Part II of our great conversation. I think you'll enjoy it as much as I did. Talking points on this episode may include: *Why Autographs? *When did he decide to try to get every Hall of Famer. *Stories of acquisitions. *Advice to avoid fakes. *CPA Hobby advice *Common tax mistakes. *What can be written off. *Claiming losses. Follow us on Social Media:  Website:https://www.sportscardnationpo....com https://linktr.ee/Sportscardna... Merch shop:https://sports-card-nation.pri...   To eliminate pre & post-roll adshttps://www.spreaker.com/podca...

Gain clarity on investing and retirement planning with this engaging episode of the Retire Sooner Podcast, hosted by Wes Moss and Christa DiBiase. Whether you're navigating strong markets or uncertainty, this conversation provides frameworks and explanations to help support your retirement planning. • Unpack five pillars of investing that may guide decision-making across both strong and volatile markets. • Clarify how capital gains tax rates work, including how some investors may stay in the 0% long-term bracket under current tax law. • Address listener questions on diversification, from S&P 500 funds to total market and international fund considerations. • Examine how required minimum distributions (RMDs) may fit into retirement withdrawals alongside concepts such as the 4% rule. • Break down cost basis options with Vanguard and explain how tax-loss and tax-gain harvesting may impact your returns. • Highlight the new, increased senior tax deduction window (2025–2028) and what it could mean for retirees. • Consider strategies for investing short- and intermediate-term savings for kids and teens by aligning time horizon with risk. • Evaluate why choosing a reputable investment custodian may matter and what questions can be asked about where assets are held. Stay informed and proactive—listen now and seek to expand your understanding of investing and tax planning. Subscribe to the Retire Sooner Podcast for weekly conversations designed to keep you engaged with today's financial landscape. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of “Building the Premier Accounting Firm,” host Roger Knecht interviews Eric Gordon, Vice President of Professional Services at B10 Energy, about real estate accounting, tax strategies, and career insights. Gordon shares his journey from aspiring dentist to accounting professional, offering advice on commercial real estate acquisitions, cost segregation, and tax-saving strategies like Historically Significant Items (HSI) and Renewable Energy Tax Credits (RETC). This episode provides actionable insights for accounting professionals looking to expand their service offerings and better advise their clients. In This Episode: 00:00 Introduction to Eric Gordon 04:18 Accounting in Commercial Real Estate 10:11 Maximizing Real Estate Investments 14:55 Historically Significant Items (HSI) 19:24 Renewable Energy Tax Credits 25:19 Collaborating with Tax Professionals 30:37 Capital Gains & 1031 Exchange 37:58 Conclusion and Resources Key Takeaways: Advise clients on essential financial aspects of commercial real estate acquisitions, including income projection and vacancy rates. Utilize cost segregation studies to accelerate depreciation and maximize tax benefits for real estate owners. Explore HSI charitable giving strategies for high-income clients to preserve historical documents and save on taxes. Consider renewable energy tax credits as a transferable option for C corporations with significant tax liabilities. Build a team of experts to better serve clients and offer comprehensive tax planning and advisory services. Featured Quotes: Eric Gordon “Somehow, to 700 students, Norm made accounting seem cool.” Eric Gordon “I think cost segregation is the eighth wonder of the world. If you own real estate, you need to look at that.” Eric Gordon “Our firm exists to be an asset to CPA firms out there. We don't do any prep and file of any tax returns for clients.” Behind the Story: Eric Gordon's journey began with aspirations of becoming a dentist, but a single accounting class changed everything. Inspired by a professor who taught accounting for free, Eric switched his major and eventually landed at Deloitte. His audit background proved invaluable in commercial real estate, where he honed his skills in due diligence and asset acquisition. Now, as VP at B10 Energy, he helps accounting professionals leverage tax strategies like HSI and RETC to better serve their clients. Conclusion: Thank you for joining us for another episode of Building the Premier Accounting Firm with Roger Knecht. For more information on how you can establish your own accounting firm and take control of your time and income, call 435-344-2060 or schedule an appointment to connect with Roger's team here. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Free exclusive consultation with Eric to see what option best suits your needs. Simply visit www.b10cap.com and fill out the Contact Us form, or call 833.210.2278.   Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable.  These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – This is a how-to guide on how to turn around a struggling business into a more sustainable model. Each chapter focuses on a crucial aspect of the turnaround process - from cash flow management to strategies for improving revenue. This book will teach you everything you need to become a turnaround expert for small businesses. “in the BLACK, nine principles to make your business profitable” – Nine Principles to Make Your Business Profitable – Discover what you need to know to run the premier accounting firm and get paid what you are worth in this book, by the same author as Red to Black – CPA Allen B. Bostrom. Bostrom teaches the three major functions of business (marketing, production and accounting) as well as strategies for maximizing profitability for your clients by creating actionable plans to implement the nine principles. “Your Strategic Accountant” - Understand the 3 Core Accounting Services (CAS - Client Accounting Services) you should offer as you run your business. Help your clients understand which numbers they need to know to make more informed business decisions. “Your Profit & Growth Expert” - Your business is an asset. You should know its value and understand how to maximize it. Beginning with the end in mind helps you work ON your business to build a company you can leave so that it can continue to exist in your absence or build wealth as you retire and enjoy the time, freedom, and life you want and deserve. Follow the Turnkey Business plan for accounting professionals.  This is the proven process to start and build the premier accounting firm in your area.  After more than 40 years we've identified the best practices of successful accountants and this is a presentation we are happy to share.     Also learn the best practices to automate and nurture your lead generation process allowing you to get the bookkeeping, accounting and tax clients you deserve.  GO HERE to see this presentation and learn what you can do today to identify and engage with your ideal clients.   Check it out and see what you can do to be in business for yourself but not by yourself with Universal Accounting Center.   It's here you can become a:   Professional Bookkeeper, PB Professional Tax Preparer, PTP Profit & Growth Expert, PGE   Next, join a group of like-minded professionals within the accounting community.  Register to attend GrowCon and Stay up-to-date on current topics and trends and see what you can do to also give back, participating in relevant conversations as they relate to offering quality accounting services and building your bookkeeping, accounting & tax business.   The Accounting & Bookkeeping Tips Facebook Group The Universal Accounting Fanpage Topical Newsletters: Universal Accounting Success The Universal Newsletter   Lastly, get your Business Score to see what you can do to work ON your business and have the Premier Accounting Firm. Join over 70,000 business owners and get your score on the 8 Factors That Drive Your Company's Value.   For Additional FREE Resources for accounting professionals check out this collection HERE!   Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss.   Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback   For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777  

In this episode, we delve into the intricacies of the Adoption Tax Credit, a vital financial support for adoptive families. Discover who qualifies for this credit, the specific requirements you need to meet, and how it can significantly ease the financial burden of adoption. Whether you're in the early stages of adoption or finalizing the process, understanding these details can make a world of difference. Tune in to ensure you're fully informed and ready to take advantage of this beneficial credit.Randy's Social MediaInstagram: @randygmz.mbaFacebook: Randy Gomez Mba EALinkedIn: Randy Gòmez, MBA, EA#AdoptionTaxCredit #AdoptionJourney #FamilySupport #TaxBenefits #AdoptionAwareness #AdoptiveFamilies #FinancialAid #TaxRelief #AdoptionProcess #ParentingSupport #AdoptionResources #FamilyFinance #AdoptionCommunity #TaxCredits #AdoptionHelp

Tax Relief with Timalyn Bowens Senior Deduction 2025   Episode 67:  In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act.  Timalyn opens up the episode with a reminder of what the One Big Beautiful Bill Act is. There is a video version of this episode! You can watch it here : Senior Deduction Video Today, she's explaining the enhanced senior deduction for taxpayers who are 65 and older. This deduction will be available for tax years 2025 - 2028.  If there is any part of this new tax law that you'd like to hear her cover, please let us know.   What is the standard deduction for 2025?   The standard deduction is an amount that the IRS allows taxpayers to deduct from their taxable income. For 2025 the standard deductions are:   $15,750 for taxpayers filing as single or married filing separately $31,500 for married filing jointly taxpayers $23,625 for those taxpayers filing as head of household   It is an additional $6,000 deduction for each qualifying taxpayer. So if a couple married filing jointly is in their 70s, they are eligible to deduct an additional $12,000 from their taxes if they meet other criteria.    Seniors already get to deduct an additional $1,600 for those Married filing separately and jointly, and $2,000 for those filing as Single or Head of Household. The $6,000 is in addition to this. The senior deduction is also available whether the taxpayers itemize or use the standard deduction.     If the taxpayer is not married filing jointly, the deduction begins phasing out when their modified adjusted gross income reaches $75,000. This doubles to $300,000 for taxpayers who are married filing jointly. The IRS has yet to give more guidance on this.    To stay up to date with these changes, Timalyn lets listeners know that Tax Tips with Timalyn will be coming back. There will be different paid versions to subscribe to relevant information for individual taxpayers and business taxpayers.    No Tax on Social Security Benefits   A proposal was made during President Trump's last campaign that there be no tax on Social Security benefits. Social security benefits are still taxable income, but it is based on your provisional income, whether or not you actually pay taxes on the income. Timalyn goes into more detail about this in another episode of the podcast and a video. Both are linked down below for your convenience, as well as a playlist with other relevant information for retired taxpayers.   Is My Social Security Taxable? Retirement and Taxes Episode 13 - Retirement and Income Taxes Need Tax Help Now? If you need answers to your tax debt questions, book a consultation with Timalyn via her Bowens Tax Solutions website.  Click this link to book a call.   Please consider sharing this episode with your friends and family.  There are many people dealing with tax issues, and you may not know about it.  This information might be helpful to someone who really needs it.  After all, back taxes shouldn't ruin their life either.   As we conclude Episode 67, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, YouTube, and many other podcast platforms.     Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap, one taxpayer at a time.  Thanks for listening to today's episode.   For more information about tax relief options or filing your taxes, visit https://www.Bowenstaxsolutions.com/ .   If you have any feedback or suggestions for an upcoming episode topic, please submit them here:  https://www.americasfavoriteea.com/contact. Disclaimer:  This podcast is for informational and educational purposes only.  It provides a framework and possible solutions for solving your tax problems, but it is not legally binding.  Please consult your tax professional regarding your specific tax situation.

Now that several tax-saving opportunities are permanent through the One Big Beautiful Bill, the potential for strategic, proactive planning is greater than ever. The guys walk through the top tax tips, covering QBI, bonus depreciation and more. Plus, college football is back, and the guys are making their predictions for the season.   LINKS Podcast Video cainwatters.com Submit a Question Facebook | YouTube | Instagram

Episode 66:  In this episode, Timalyn continues the discussion begun in Episode 64 about the One Big Beautiful Bill Act.  Timalyn opens up the episode with a reminder of what the One Big Beautiful Bill Act is. Timalyn also warns that this tax year may not be the one where you want to let someone who is not a professional handle your preparation.  Today, she's explaining the car loan interest deduction. If there is any part of this new tax law that you'd like to hear her cover, please let us know. Car Loan Interest Deduction This new deduction is effective for tax years 2025 - 2028.  The vehicle must be purchased new for personal use, and leased on vehicles do not count for this deduction.  The maximum deduction is $10,000. The deduction begins phasing out for single and head of household taxpayers with a modified adjusted gross income of $100,000. That amount doubles to $200,000 for married taxpayers who file jointly. This deduction is not available for taxpayers who are married but file separately.   This deduction is only for qualified vehicles. The vehicle has to have final assembly in the United States. It has to be less than 14,000 pounds, so it can be any of the following: Car Minivan Motorcycle Pick-up truck SUV   To qualify for the deduction, the loan has to have originated after December 31st, 2024, for personal use. Used vehicles do not qualify for the deduction. The loan must also be secured by a lien on the vehicle.  Lenders will be responsible for reporting the interest paid to both the IRS and the taxpayer on an interest statement.    Timalyn warns taxpayers that this is the year they may not want to let a family member who is not a professional handle their taxes. There are a lot of mid-year changes that, if not handled correctly, can lead to tax issues.   To stay up to date with these changes, Timalyn lets listeners know that Tax Tips with Timalyn will be coming back. There will be different paid versions to subscribe to relevant information for individual taxpayers and business taxpayers.   Need Tax Help Now? If you need answers to your tax debt questions, book a consultation with Timalyn via her Bowens Tax Solutions website.  Click this link to book a call. Please consider sharing this episode with your friends and family.  There are many people dealing with tax issues, and you may not know about it.  This information might be helpful to someone who really needs it.  After all, back taxes shouldn't ruin their life either.  As we conclude Episode 65, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, YouTube, and many other podcast platforms.    Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap, one taxpayer at a time.  Thanks for listening to today's episode.  For more information about tax relief options or filing your taxes, visit https://www.Bowenstaxsolutions.com/ .  If you have any feedback or suggestions for an upcoming episode topic, please submit them here:  https://www.americasfavoriteea.com/contact.  Disclaimer:  This podcast is for informational and educational purposes only.  It provides a framework and possible solutions for solving your tax problems, but it is not legally binding.  Please consult your tax professional regarding your specific tax situation.

Update on the One Big Beautiful Bill (OBBB): The firm is actively educating clients on this fast-tracked legislation, which passed with drafting errors that may require technical corrections. Nonprofit Retirement Plan Credit: A new bipartisan bill proposes extending up to $5,000 in startup retirement plan tax credits to nonprofit organizations, similar to what's already available to for-profits. Roth IRA Conversions & RMDs: Listeners get clarity on converting pre-tax retirement funds into Roth IRAs, including the rule that Required Minimum Distributions (RMDs) must be taken before a Roth conversion is allowed. Taxability of Legal Settlements: The episode breaks down when lawsuit settlements are taxable, including distinctions between physical vs. emotional damages and the implications of gross settlements (taxed before attorney fees). Penalty Relief Through Reasonable Cause: Entrepreneurs learn how to pursue IRS penalty abatement by showing reasonable cause, acting in good faith, and behaving like a prudent taxpayer. Potential End of IRS Paper Refund Checks: The podcast closes with an update on the White House's push to eliminate paper refund checks—a change that likely won't happen by the proposed September 30th deadline. Room for All: How CAMP Rehoboth Builds Community That Lasts In this episode, Kim Leisey, Executive Director of CAMP Rehoboth, joins Keith Kahn to share how the organization is evolving while staying true to its mission of inclusion, advocacy, and connection in Southern Delaware. From volunteer programs to partnerships with local businesses, Kim lays out a blueprint for meaningful nonprofit impact. Key Takeaways: Rooted in Purpose: CAMP Rehoboth began as a safe space for the LGBTQ+ community and continues to welcome all who align with its mission. Smart Partnerships: Kim focuses on “intersections”—connecting with businesses and organizations through shared goals. Scaling With Heart: Even as events grow, CAMP Rehoboth prioritizes emotional safety, connection, and community-building. Mission-First Leadership: The team avoids “mission creep,” sticks to core values, and leans on transparent governance. Volunteers with Purpose: People are matched to meaningful roles that use their skills and deepen their connection. Businesses Wanted (Beyond the Check): Kim encourages business owners to engage—through board service, volunteering, and partnership—not just donations.

If you own commercial or multifamily property, Trump's Big, Beautiful Bill delivers serious tax benefits. Discover what's new, what's permanent, and most importantly, how it can help you keep more money in your pocket.Key Takeaways:4 major tax advantages property investors can leverage under the new billWho qualifies for the 20% pass-through income discountThe changing depreciation rules and what they mean for your propertyThe impact on long-term cash flow and wealth-building strategiesPractical examples from investor scenarios and tax simulations

7 Tax Tips for New Law Firm Owners

7 Tax Tips for New Law Firm Owners

Dr. Sherry Peel Jackson is a retired IRS agent, CPA, and Certified Fraud Examiner with over 35 years of experience in tax reduction and wealth building. Through her proprietary KPGSystem, Dr. Jackson has helped over 100,000 individuals and businesses Keep, Protect, and Grow their wealth. As a trusted expert in financial security, Sherry empowers professionals to safeguard their earnings and create lasting wealth. She is the author of impactful books, including "How to Escape The Rat Race," and reaches an audience of over 44,000 followers on social media, where she shares her knowledge on achieving financial freedom and building a legacy. Dr. Jackson's speaking, books, and consulting work go beyond education, offering actionable strategies for financial success and long-term wealth creation. A sought-after guest, Dr. Jackson is dedicated to helping individuals and businesses unlock their financial potential and secure their future.   During the show we discussed: Identify common tax pitfalls that small business owners should be aware of. Understand what triggers an IRS audit and how to avoid becoming a target. Learn why the IRS often targets small business owners for audits. Explore ways to maximize income while minimizing tax liabilities. Discover the first step a small business owner should take to reduce taxes. Learn when groceries, travel, and meals can be written off legally. Understand the benefits of hiring your kids as a tax strategy. Use innovative strategies to build wealth while minimizing tax burdens. Legally reduce taxes as a small business owner without risking an audit or penalty. Having multiple income streams for tax reduction and wealth building. KPGSystem helps protect and grow earnings in today's financial environment. Navigate complex tax laws effectively to safeguard business earnings. Implement key tax-saving strategies from the very beginning of a business.   Resources: https://shop.sherrypeeljackson.com/  

Wes and Christa delve into essential topics to help get you ready to retire sooner and happier, including: • Review the Wes Moss 10-point retirement readiness checklist. • Understand how to transition from saving to spending. It sounds simple, but there can be more to it than meets the eye. • Explore the emotional and strategic importance of spending in retirement: What are productive ways to prioritize? • Reassess your estate, insurance, and healthcare coverage before retirement—procrastination can add unnecessary stress. • Be aware of advisor fees vs. value: you're not paying to beat the market, but to build and protect a sustainable plan. • Embrace the importance of financial confidence: the #1 worry in retirement is outliving your money—face it with planning. • Enjoy a lighter segment of “Wes Stinks” regarding Wes's favorite type of apple vs. listener favorites. • Follow real-life financial questions from listeners: o With a significant chunk of assets and kids still in college, analyze early retirement readiness and weigh the pros and cons of hiring a financial advisor versus staying with index funds. o How to shift from aggressive stocks to conservative holdings while attempting to minimize capital gains tax. o Dissect a high withdrawal rate strategy using dividends and bond funds. Consider the trade-offs of control and structured income. o Evaluate municipal bond funds for tax efficiency; can you balance credit quality and yields using a tax-equivalent yield comparison? o Weigh traditional vs. Roth 401(k) contributions based on your current tax bracket. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most Americans have until April 15 to file their tax returns or request an extension to file and pay any taxes owed. With less than a week left before the deadline, it's time for some last-minute tax tips. Have a money question? Email us here Subscribe to Jill on Money LIVE YouTube: @jillonmoney Instagram: @jillonmoney To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Heather Ryan is the owner of Tax Queen, a tax firm supporting entrepreneurs and digital nomads. After RVing full-time for almost 5 years, she now splits her time between a home base in Colorado and traveling. This has given her a legitimate grasp on the tax complications of being nomadic. In this episode, we discuss several important takeaways that can have a real impact on preparing your taxes. Grab a pen and get ready to take notes on some great insight into managing taxes while traveling in your RV.YOUR HOST: Glynn WillardGUEST BIO: Heather Ryan is the owner of Tax Queen, a tax firm supporting entrepreneurs and digital nomads. After RVing full-time for almost 5 years, she now splits her time between a home base in Colorado and traveling. She has a legitimate grasp on the tax complications of being nomadic. While travel is a passion, you might also find her sampling local beer and wine as she travels the world.Connect & Learn MoreWebsite: tax-queen.com Instagram: @taxqueendnFacebook: @ryantaxqueenYouTube: @tax-queen~~~~~~~~~~~~~~~~~~~~~THE RV ENTREPRENEURhttps://therventrepreneur.com~~~~~~~~~~~~~~~~~~~~~Join the RVE community on Facebook!⁠⁠https://www.facebook.com/groups/therventrepreneurcommunity⁠Connect with RVE on all your favorite socials⁠https://therventrepreneur.com/connect⁠⁠Got questions or comments for our hosts? Leave us a voice message! ⁠⁠https://therventrepreneur.com/voicemail⁠⁠(NOTE: Audio submitted may be published on the podcast unless specifically requested otherwise.)Got a great story or tips to share with RVE Listeners? Complete our Guest Intake Form:https://therventrepreneur.com/guestform

2024 may be long gone, but it's NOT too late to lower your taxes for the previous year. If you have real estate or retirement accounts, you already hold the key to minimizing your taxable income and owing less to Uncle Sam. But how do you do it? We're sharing 2024 and 2025 top tax reduction strategies in today's show with expert CPA and real estate investor Amanda Han! Do you know about the real estate tax “loophole” that helps everyday investors cut their taxable income by tens of thousands? Got an employer-contributed retirement plan? You could STILL use it to lower your 2024 taxes! And why should you NOT take the standard deduction if you've bought a home in the past few years? We're answering all of these questions so you can keep more of your hard-earned money. Finally, what audit red flags is Amanda seeing with her clients? There's one easily avoidable audit trap that MANY Americans are falling into that could take just minutes to circumvent. Should we even be talking about income taxes if President Trump plans to eliminate them? Amanda, Mindy, and Scott are sharing their opinions on whether this will reach fruition. In This Episode We Cover How to save on your 2024 tax bill and moves to make before Tax Day 2025  The easily avoidable audit red flag that Amanda has seen spike lately  The real estate tax deduction that could save those earning $150K or less tens of thousands Most commonly missed tax write-offs that many Americans can take but forget about  Will President Trump abolish income taxes during his second term? Whether to pay your estimated taxes OR invest instead and take the interest hit  And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Find Investor-friendly Tax and Financial Experts Buy Amanda's Book, “The Book on Tax Strategies for the Savvy Real Estate Investor” Find Investor-Friendly Lenders Tax Audit Tips Connect with Amanda (00:00) Intro (00:56) You Can STILL Save on 2024 Taxes (05:54) Lowering Your Taxable Income (10:27) You Can STILL Contribute for 2024! (14:22) Estimating Your Taxes (16:22) Itemizing vs. Standard Deduction (18:21) Commonly Overlooked Write-offs (21:41) Audit Red Flags! (23:06) Will Tax Rates Rise or Fall? (28:03) Opportunity Zones Have Changed (31:08) How to Prepare for 2024/2025 (35:15) Connect with Amanda! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-608 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices