Podcasts about taxes

Do you think that exempting groceries from the state sales tax makes that tax more progressive? Think again. A recent study for the Tax Foundation found that exempting groceries from the sales tax results in higher rates for other goods. The study further found that low-income families would be better off if groceries were taxed, and the tax rate was reduced commensurately on other goods. So far, the Tax Foundation has not endorsed the FAIRtax, but it looks like they're slowly recognizing the economic truth that sales taxes are better than income taxes.

Episode 354 avec Sebastien S. et Sebastien B..Sommaire :A comme Applications Gratuites (00:01:06) Chez Huawei, on peut télécharger les Apps gratuitement sur Android. Télécharger des applications Android payantes sans payer c'était le cas chez Huawei. (source)D comme Déchiffrement (00:06:33) Quand l'Europe veut forcer le déchiffrement des messages. L'europe travaille sur un projet qui obligerait les fournisseurs à autoriser le déchiffrement de certains messages. (source)G comme GDPR (00:11:22) L'Espagne donne 10M€ d'amende à Google pour un soucis de droit à l'oubli. Google écope de 10M€ d'amende pour infraction GDPR sur le droit à l'oubli. (source)G comme Google (00:18:57) Quand Google est en faillite. Suite à la saisie de leurs comptes en banque en Russie, Google Russie se délcare en faillite. (source)O comme OVH (00:22:22) OVH lance un concurrent à Dropbox via Shadow. OVH lance un concurrent à Dropbox via Shadow. (source)S comme Salade (00:29:01) Quand on fait pousser des végétaux dans du sol lunaire. Des scientifiques testent la croissance de plantes dans de la terre lunaire. (source, source)T comme Taxes (00:34:39) L'Allemagne immunise les bénéfices sur la crypto. Pas de taxe sur les bénéfices crypto, c'est en Allemagne! (source)U comme Universel (00:39:43) Quand un bitoniau les remplace tous. Un bouton universel, connecté, pour remplacer tous les autres boutons. (source)

In this May 19, 2022 episode, Let Me Speak to the Governor guest host Lindsay Aerts is joined by Governor Spencer Cox remotely as he recovers from a coronavirus diagnosis. As Spring starts to turn into Summer listeners are worried about the impact of the continuing drought, they ask what is being done and what will be done to ease our water crisis. Utahns are worried about affording to live here, with Utah being one of the hottest spots for homebuyers in the nation we are experiencing a housing shortage and a steep rise in rent. And on lighter news, a listener asks for details on the new time capsule placed at the Utah State Capitol.  See omnystudio.com/listener for privacy information.

When providing your gifts as a business, things like marketing, taxes, bookkeeping and accounting are essential parts of the foundation you need to operate at your highest efficiency. With ten years of experience as a coach, trainer, and healer, Samia Bano learned that simply being passionate about your work isn't enough to make you a good business person. With this lived experience and an open heart, she has created a community to help you focus on your vision, create your dream and then incubate it into a thriving business. Samia is a happiness coach, trainer and healer. To learn more about the Dream Incubator, go to https://academyofthriving.com. From there you can find loads of empowering information and links to connect with Samia on various social networks. You can also find links to Samia's Podcast, Make Change Fun And Easy. Raymond Aaron has shared his vision and wisdom on radio and television programs for over 40 years. He is the author of over 100 books, including Branding Small Business For Dummies, Double Your Income Doing What You Love, Canadian best-seller Chicken Soup for the Canadian Soul, and he co-authored the New York Times best-seller Chicken Soup for the Parent's Soul. www.Aaron.com

Should you or should you not be doing your own investing? In this episode, Valarie and Mike will be covering the 5 most common financial pitfalls of a DIY investor.

Explanation of tax loss harvesting and tax gain harvesting, as well as an introduction to "wash sales"Links in this episode:YouTube video - What is Tax Loss Harvesting?YouTube video - What is Tax Gain Harvesting?YouTube video - What is Tax Loss and Tax Gain Harvesting?Facebook group - Taxes in RetirementYouTube channel - Retirement Planning DemystifiedNewsletter - Retirement Planning Insights

In picturesque "land of the sky" North Carolina, the murder of a beloved local musician turned plastic surgeon attracts the attention of a tall leaning gentleman. Perhaps the gentleman sees a kindred spirit in the coiffed hair and soft-spoken nature of the small town doctor who was taken to soon from this world. The gentleman is... Keith Morrison. The show... Dateline. The trial... completely circumstantial. The real crime...that Kimberly and Katie will be unable to think of the word Photoshop for an uncomfortably long time. Get ready for another epic Dateline episode filled twists, affairs, unforgettable family members and TAXES! Get your paperwork in order and please enjoy this very special edition of A DATE WITH DATELINE: Love Bears all Things. Official Description from NBCU: After a plastic surgeon is murdered in his Asheville, North Carolina home, investigators uncover a trail of clues pointing to an unlikely killer. Keith Morrison reports. This episode is dedicated to Erica K. from Colorado and Cheyenne A. from Tennessee. You are our little baby bears that fit just right into our Patreon community. We appreciate you both soooooo much!!! Check out the podcast Completely Off the Rails for some southern married laughter and judgement! Listen to K & K on True Crime Binge with Bob Ruff!!!! We were supposed to talk about Dateline but gossiped the whole time about Harry Potter and bingo, and laughed the whole time. Plus, Bob tells the funniest story we've ever heard! Check out our incredible sponsors, it's an easy way to support the show! Head to REELPAPER.com/DATEDATELINE and sign up for a subscription for toilet paper that doesn't harm the environment by using our code DATEDATELINE at checkout, and you'll automatically get 30% off your first order and free shipping! Get Reel about saving the planet!  Design free loving pirates like a pro with Canva Pro! Right now you can get a free 45 day extended trial when you use our promo code. Just go to canva.me/datedateline! Get Fresh with America's #1 meal kit! Go to HelloFresh.com/dateline16 and use code dateline16 for up to 16 free meals and 3 free gifts!!! Ring, ring! Hello? FRESH. It's time for you to Thrive! Try out the world famous mascara and our new favorite sunscreen! Get 15% off your first order when you visit thrivecausemetics.com/DATEDATELINE ! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we discuss some interesting things from our garage sale, and online sourcing adventures. We discuss changes to the taxes on ebay, and new shipping prices. We also discuss items that sell for good money on eBay Partner with us via Patreon:   https://www.patreon.com/purehustlepodcast   Purchase bubble wrap from the best deal available ANYWHERE:   https://www.americanbubbleboy.com?sca_ref=650095.KTEipe5MI4&sca_source=YouTube    Sign Up for listing services with Sellhound and receive 25% your first purchase or 25% off your first month of a Sellhound monthly subscription when using our affiliate link and promo code PUREHUSTLE25. By the way, everyone gets three free listings to try out before any purchases! Just go to Sellhound.com and subscribe using our promo code PUREHUSTLE25.    Sign Up for Crossposting with Vendoo and receive 25% off your first month when using our affiliate link. In order to receive the discount, subscription must be purchased  from the same device used to create the account:    https://vendoo.co/register?via=purehustlepodcast Purchase PHP Shirts: https://www.ebay.com/itm/392367249736  Donation link: https://www.paypal.me/purehustlepodcast?locale.x=en_US Below is a link to all the shipping supplies we buy through Amazon:   https://www.amazon.com/shop/purehustlepodcast    Bellow is a link to shipping supplies that we use:   https://docs.google.com/document/d/1bR2h1PrrljhI5GKeQYWG6ubLOfkqSt0gLFmSxPm52nA/edit?usp=sharing Instagram - @purehustlepodcast    Twitter - @purehustlecast   Facebook - purehustlepodcast   Youtube - Pure Hustle Podcast - www.youtube.com/channel/UCuEJMAB8GdoaPK7eLkKmAiQ

Ever wondered what company structure you should set up as an influencer? What can you expense as expenses and how to reduce taxes? Mr D (my husband) and I will tell you everything we know in this episode! (DISCLAIMER: Please consult a tax specialist for your tax needs - we share as much as we can, but we are not tax experts!)Accounts / resources mentioned:Graham Stephan Youtube ChannelWanderers Wealth (on digital nomads saving taxes globally)Rich Dad Poor Dad by Robert Kiyosaki (listen to the Audible book | Buy the physical book)CHECK OUT THE SHOW NOTES FOR THIS EPISODE: www.fulltimeinfluencer.co/blog/season-2-episode-15--Interested in joining the Full-Time Influencer program? Head to successfulinfluencer.com/join to find out how you can grow and monetize your following and start building your dream life today!FOLLOW US ON INSTAGRAM: @fulltimeinfluencer.co

Taking risks is hard. Especially for women because we are biologically programmed to have less testosterone, and that affects the way we respond to stressful situations. Studies show that the propensity for risk taking decreases for women, when we encounter stress, but actually increases for men. Even though we're programmed this way, it doesn't mean we can't reprogram our mind to actually take more calculated risks. In this episode I provide actionable tips for how you can learn to take risks and manage uncertainty. I also explain how to take risks to exit a business or situation that isn't serving you and how you know when the right time to quit is. Winners quit all the time… they just quit at the right things. Here's more of what I get into: 2:57 - Find Your Why5:00 -  Start Small9:57 - Know Your Business (or the situation) In and Out15:33 - Fear Setting19:16 - The Dip22:51 - The Cul-De-Sac24:09 - The CliffGet $50 When you Sign Up For Wealthsimple✩ CONNECT WITH ME: ✩Instagram: @missfindependentTikTok: @nikafarbLearn more at missfindependent.comFor contact or business inquiries: media@missfindependent.com

Discover how surging inflation impacts taxes, and tax strategies. CPAs will hear what steps they can take today to help their clients combat inflation. In this episode, Garrett Watson joins Tom to discuss the impacts of policies and rising interest rates, and how they play a role in the future of your investments and even your well-being. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shanta's speaks with Christian Bishop, Financial Advisor of twenty-five years and now Author of Hidden Cash Uncovered, Tax Tales, Tips and Truths that could save you thousands. As a certified financial planner, Christian Bishop knows firsthand that people often feel powerless and vulnerable when it comes to tax time, as if there's no way to break free from the number on our tax return. He wrote his new book to help us all. **Finding buried treasure doesn't have to be something of fairy tales or yourdreams. Financial advisor and tax expert Christian Bishop draws the map tohelp get you there with Hidden Cash Uncovered. Showcasing true stories ofclients who found money by maximizing tax code regulations, this personalfinance guide will help you:• Find missed deductions or credits.• Identify creative solutions to save on taxes, such as giving gifts, hiringyour kids, or taking a vacation.• Stop worrying about the IRS and use tax strategies with confidence.• Choose a preparer who isn't too busy to help you strategize before thenext tax season.• Use tax credits to help fund your retirement.*****Connect with Christian Bishophttps://hiddencashuncovered.com/contact/HIDDEN CASH UNCOVERED; https://hiddencashuncovered.com/book/INSTAGRAM:https://www.instagram.com/moneynmewithcb/FACEBOOK:https://www.facebook.com/moneynmewithcbTIKTOKhttps://www.tiktok.com/@moneynmewithcb?_d=secCgYIASAHKAESPgo8%2FJs0vvVc%2Bqp5WG%2B24ouupuemrGUmyRapQw5xECCHjIWHoh1tG6tihuFkHW0bTIxmPsaKLK%2BJZPc%2BrTUVGgA%3D&checksum=34e65cf4744a1d1d9f55216539bfb336850058e94a1299b7c4a8f1ba5ba31bd8&language=en&sec_uid=MS4wLjABAAAAd-BFQ8-sN5OyYRHMpIFOeANhLNMRUTN91rPHGYYP4sgdqQmEfzE5bqBtgaH2wuvJ&sec_user_id=MS4wLjABAAAAd-BFQ8-sN5OyYRHMpIFOeANhLNMRUTN91rPHGYYP4sgdqQmEfzE5bqBtgaH2wuvJ&share_app_id=1233&share_author_id=7057962602816160814&share_link_id=D874279D-660E-4506-B25E-6A8BE2C9821E&tt_from=copy&u_code=e01c201e4glk03&user_id=7057962602816160814&utm_campaign=client_share&utm_medium=ios&utm_source=copy&source=h5_m&_r=1*****************************************************Connect with The Host of Authentic Talks 2.0AuthenticTalks2.com

After someone dies with Bitcoin, among all the other chaos, are questions about taxes. How do you pay capital gains from during the decedent's life? Or if he was a long-term holder, how much capital gains tax will the heirs owe? What about estate tax? Final year capital gains tax from trading If decedent was not a true holder, and was buying/selling, there are probably realized gains. You have to sell something to owe capital gains tax. But how does an executor sort through to find the basis, the sales prices? It's still complicated, because at least for now, cryptocurrency is not a well-established industry and is constantly evolving. First, check the decedent's devices for apps that track basis. There isn't a main app out there right now, so Google “cryptocurrency tax tracking” to see which apps are popular at the time. If you find an app, it's somewhat good news. The downside is that some of these apps don't work very well. Next, check the exchange that the decedent was using (Coinbase, Kraken, Gemini, etc.) Some of the exchange platforms do basis tracking, but again it's not that good yet. Even traditional stock exchanges don't always track the basis. So, it's a bit unrealistic to expect the crypto exchanges to do as good a job of tracking basis. When someone is alive, it's easier for them to track their own basis. But, like any other estate, things become a bit messier when you're doing it for someone who has passed away. It takes work to reconstruct the portfolio to find the values. What happens if you don't find the basis? You can't wait around forever; at some point the executor must take a position on the basis. Then the executor files the 5495 with the final 1040, holds his breath and waits to see what the IRS says. Obviously, this is what the executor does after LOTS of legwork to come up with the best guess for the basis. Filing with the IRS should not be the first step, and you should have a very strong argument supporting your guess. Long-term Bitcoin gets stepped-up basis Like all other capital-appreciated assets (homes, stock, etc.), Bitcoin will get stepped-up basis. As a quick review, the basis is your adjusted purchase price. If you bought a house twenty years ago, your purchase price is your basis. Same with stock. If you bought stock for $50 a share ten years ago and now it's worth $500 a share, you made a ten-fold increase. Capital gains are calculated by what the asset is worth now (when you sell) vs. what you paid for it (when you bought it). When a person passes away, there is a very rare freebie from the IRS called the “stepped-up basis.” If you bought Bitcoin for $1 and it's currently trading at $100,001, your gain is $100,000. You'd owe a lot of tax on that. But, if you pass away and your heirs get it, their stepped-up basis becomes $100,001. If the heirs sell it the next day for $100,002, their capital gain is $1. Long-term Bitcoin holders may have SIGNIFICANT gains, so passing it on to the heirs could be a huge tax benefit. Estate tax on Bitcoin Is there estate tax on Bitcoin? Yes, it is an asset, just like anything else. Estate tax is a tax of your net worth upon your passing. Your executor or heirs need to put together a balance sheet or list of all your assets, minus liabilities, and present it to the IRS. The good news! Most people do not need to worry about estate tax because, currently in 2022, the tax only applies to estates over $12mm (and $24mm married). However, there are probably some Bitcoin holders that are very close to being over the exclusion amount. Earlier, we discussed the stepped-up basis to avoid the capital gains tax. But, if your gains have gone up so much that you've shot past the estate tax threshold, you're trading capital gains tax for estate tax. If your estate is worth that much, you should consult with an attorney or an accountant. This topic was based on a question from one of our listeners. Thank you and please keep the questions coming! If you want to learn more about probate in general, please check out my book, “How Probate Works.” I don't have a Bitcoin chapter yet, but you will get a sense of how the probate process applies to your situation. Request your free consultation  

Unless you have been living under a financial rock, you have probably heard about investing in I Bonds. It seems to be all the rage right now, but is it really worth it? Today on the podcast we are going to give you everything you need to know about I Bonds (the pros, cons, how to know if I Bonds are right for you, and when you should get an I Bond).  If you are looking to learn more about your personal finance, Medical Degree Financial University (MDFU) is opening up in June and we would love to see you there! Go to https://thephysicianphilosopher.com/mdfu-founder to learn more and join the waitlist!

Did you recently meet someone new online, either through social media or a dating sight?  Francswai Grayson, the communication outreach manager with the Utah Division of Securities, says if they ask you for money -- DON'T give them any. Susan Speirs, the CEO of Utah Association of CPA's, says you also need to be wary of those in positions of trust, if they try to get you to invest in a business oportunity or say they can "guarantee" a certain return on investment. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here. See omnystudio.com/listener for privacy information.

Danny Fields (@forrestbrazeal, CTO/EVP @Avalara)) talks about operating large SaaS environments, customizations for customer demands, and transitioning from traditional software. SHOW: 618CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotwCHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"SHOW SPONSORS:New Relic (homepage)Services down? New Relic offers full stack visibility with 16 different monitoring products in a single platform.Spot by NetAppMore Cloud, Less Cost (Spot by NetApp)CloudZero - Cloud Cost Intelligence for Engineering TeamsSHOW NOTES:Avalara - Tax Compliance Software for your industryDanny Fields - EVP and CTO EngineeringTopic 1 - Welcome to the show. You've got a very broad background in engineering and leadership roles. Can you share with us a little bit of your evolution, and where you focus your time at Avalara?Topic 2 - Give us a little bit of background on Avalara (SaaS for Tax Compliance), and a little bit of details on what it means to run a SaaS platform for such a complex product offering? Topic 3 - You've been involved in a number of different SaaS platforms over the years. What are some of the biggest changes and challenges you face in running modern SaaS platforms today?Topic 4 - Taxes are a very complex ecosystem, especially with all the variants around the world. How does a product team think about balancing the desire to deliver a consistent experience (SaaS operations) and customer demands for uniqueness?Topic 5 - How do you think about balancing optimizations around Operations and taking advantage of all the new innovations happening in open-source, or from the cloud-providers, or just internal capabilities from your team? Topic 6 - Any tips for anyone looking to get into SaaS operations, or transitions from traditional data center software delivery? FEEDBACK?Email: show at the cloudcast dot netTwitter: @thecloudcastnet

Last week, word got out that Patrick Rue, the founder of The Bruery in Orange County California, and more recently the founder and operator of Erosion Wines in Napa had acquired a 50 percent stake in Moonlight Brewery, a beloved northern California brewery founded 30 years ago by Brian Hunt.  Moonlight is known for its beers like Death & Taxes and Reality Czech and had been half owned by Lagunitas via Heineken for the past six years.  I first learned of the news via Beer by BART, a great site run by Gail Ann Williams and Steve Shapiro. If you're not already following them on social media, rectify that quickly.  A subsequent press release release from the brewery noted that “Patrick will serve in an advisory capacity and will direct an oak barrel-aging beer program that enhances the integrity and heritage of Moonlight.”  It continued by saying that under the Heineken co-ownership Moonlight "packaging shifted from exclusively draft to additionally offering beers in cans, and both production and distribution have grown all while keeping sales limited to Northern California.  The new ownership strengthens Moonlight's dedication to remaining locally owned. This will allow for patient growth, greater availability of its coveted beers to its fans and wholesale partners, while maintaining the deliciousness and highest quality for which Moonlight is so well known.” Press release aside, in this episode we hear from the owners directly.  This Episode is sponsored by:Cigar City Brewing Co.Check out Fancy Papers from Cigar City Brewing. With aromas of freshly cut grass and tangerine along with white wine grape and bread-like aromas, this Hazy IPA has flavors of guava, melon, and lime leaf. Brewed with Strata, Sabro, and Idaho 7 hops to draw in lovers of fruit-forward Hazy IPAs, get some today where you buy beer and learn more at cigar city brewing. com Learn more at Cigar City Brewing.com  For more Drink Beer, Think Beer or to check out Beer Edge follow us on Twitter @thebeeredge and visit All About Beer. Host: John Holl Guests: Brian Hunt and Patrick Rue of Moonlight Brewing Sponsors: Cigar City Brewing, The Craft Brewery Cookbook,  All About Beer and The Beer Edge Tags: Beer, Ownership, California, Collaboration, Innovation, Wine

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Donald Rainwater joins to discuss how weak the Republicans are on gas taxes and property taxes and assessments. See omnystudio.com/listener for privacy information.

Are they preparing to censor and investigate you? The democrats aren't hiding it anymore. Also in this episode, I address the huge ramifications of today's elections, and some troubling news about the vaccine.  News Picks: Elon drops a bomb on the Twitter deal. Are conservatives taking back the board room. While you're struggling to pay the bills, Biden wants bike lanes.  Former border chief has a warning about Biden's illegal immigration plan. In 1 Chart, How Much the Rich Pay in Taxes. Biden's student loan fiasco is not legal. Fauci says he won't stay if Trump wins 2024 election. Copyright Bongino Inc All Rights Reserved

It's been 1 year since I moved to Puerto Rico to save on taxes. In this podcast, I'll share what I learned and what you need to know if you're thinking about it.-----------------------------------------This podcast was originally released on YouTube. Check out Jerry Norton's YouTube channel, with over 750 videos on all things wholesaling and flipping! https://www.youtube.com/c/FlippingMasteryTV About Jerry Norton Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028. Wholesaling & House Flipping Software:https://flippingmastery.com/flipsterpodMake $10,000 Finding Deals:   https://flippingmastery.com/10kpod Get 100% funding for your deals! https://flippingmastery.com/fspod Mentoring Program: https://flippingmastery.com/ftpod FREE 8 Week Training Program https://flippingmastery.com/8wpod Get Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpod FREE 30 Day Quickstart Kit https://flippingmastery.com/qkpodFREE Virtual Wholesaling Kit:https://flippingmastery.com/vfpod FREE On-Market Deal Finder Tool: https://flippingmastery.com/dcpod FREE Wholesaler Contracts: https://flippingmastery.com/wcpodFREE Comp Tool:https://flippingmastery.com/compod FREE Funding Kit: https://flippingmastery.com/fkpod FREE Agent Offer Sheet & Scripts: https://flippingmastery.com/aspod FREE Cash Buyer Scripts: https://flippingmastery.com/cbspodFREE Best Selling Wholesaling Ebook:https://flippingmastery.com/ebookpodFREE Best Selling Fix and Flip Ebook:https://flippingmastery.com/ebpod FREE Rehab Checklist:https://flippingmastery.com/rehabpod LET'S CONNECT...! FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM: http://www.instagram.com/flippingmastery

Duncan Kelm is a managing partner for Arrow Point Wealth Management, a hybrid advisory firm based in Santa Rosa, California that oversees $163 million in assets under management for 142 client households. Today Duncan joins the show to discuss how he leverages owning and operating his own tax firm, in addition to his advisory firm, to offer more integrated tax planning and wealth management services to his small business owner clientele.  Listen in as he shares how he leveraged his tax expertise and years as a business consultant to build his own tax firm to offer full suite tax and financial planning to his clients, as well as how he created what he calls “character insurance” with his clients to help them define who they are and document their ethos for future generations. You will learn how Duncan struggled to accept becoming his father's successor, what mental toughness means to him, and why he chooses to no longer be outcome-focused.  For show notes and more visit: https://www.kitces.com/281  

How do you calculate taxes for flipping houses? Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is there depreciation recapture on a business vehicle when it is sold or no longer used for the business? Depreciation recapture works differently for personal/tangible property than for real estate. So, anything that's not real estate and intangible, such as a car. Inherited IRAs: Are distributions taxed no matter what or can you shelter them with cost seg and depreciation from short-term rentals? Can you shelter with long-term rentals? It doesn't matter if the IRA is inherited, the distributions are taxable because you could have cost segs or short-term rentals from somewhere else that are offsetting that income. IRAs, unless it's a Roth IRA, are always going to generate taxable income. I am a physician in a single-specialty practice under an LLP. I have set up my personal PLLC in the state. Do I need to set up payroll and give myself a W-2? It depends. Most states require that you're an S-corp. You are going to have to take a reasonable salary that is about a third of all the net profit. We made $200,000 on our first flip, we closed in April 2022. How much should we put aside for IRS taxes? Would you happen to know how much we should put aside for state taxes as well? if you were set up as a business before you made the $200,000, then you just made the 200,000 and that's it. Pay the tax. For all questions/answers discussed, sign up to be a Platinum member to view the replay! Go to iTunes to leave a review of the Tax Tuesday podcast. Resources: Wills and Trusts https://andersonadvisors.com/living-trusts/ Turo https://turo.com/ Retirement Planning https://andersonadvisors.com/retirement-plan/ Unrelated Business Income Tax (UBIT) https://www.irs.gov/charities-non-profits/unrelated-business-income-tax Form 1065 https://www.irs.gov/forms-pubs/about-form-1065 Toby Mathis https://tobymathis.com/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ Anderson Advisors on Facebook https://www.facebook.com/AndersonBusinessAdvisors/ Anderson Advisors Podcast https://andersonadvisors.com/podcast/  

Next month, taxes on personal property are due in Virginia. That includes used cars, a tax that normally decreases as a vehicle ages. That's not the case this year; Richmond Mayor Levar Stoney is calling on Governor Glenn Youngkin to declare a state of emergency in the commonwealth to help families struggling to access baby formula; Governor Youngkin is creating a new task force to fight violent crime in Virginia; and other local news stories.

Do you get excited when payday comes? Are you happy to see how much money you get to take home? If you are a regular worker or an active income earner, you probably cringe at the sight of your take-home pay. The biggest chunk of your hard-earned income goes to your income tax, leaving you with very little to fund your family's needs and enjoy the fruits of your labor. So how do you get out of this vicious cycle? And why is it that people who have more money get to pay less taxes? What are they doing to enjoy such privilege? That's what the coaches are going to discuss today. So pay attention and discover how you can lower the amount of taxes you pay legally.  Tune in to this round table as the coaches provide insights on the following: The four different ways people pay taxes according to where they are in the Cashflow Quadrant Legal ways to minimize the amount of taxes you have to pay If you want better control of your future, join the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/community (https://www.wealthwithoutwallstreet.com/community) Take advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecall (https://www.wealthwithoutwallstreet.com/freecall) Discover Your Path to Financial Freedom:  https://www.wealthwithoutwallstreet.com/path (https://www.wealthwithoutwallstreet.com/path) Join the Passive Income MasterMind:  https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind (https://www.wealthwithoutwallstreet.com/club200) --- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.  Join here:https://wwws.link/inner-circle-sign-up ( https://wwws.link/inner-circle-sign-up)

It was a rocky start to the week as some weak data impacted Wall Street. It's the business news headlines for Monday the 16th day of May…thanks for being with us everybody.  The "Rocky Start" explained; After more than 30 years they are leaving; Over priced pizza?  Who? We share names; The White House - Jeff Bezos and Taxes; A major sponsor wants OUT of Canton; Gun Sales and Gun Stocks; The Wall Street Report; Even at $200 a year this chain is worried about finding managers. Thanks for coming by!  The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour. 

Welcome to the #1 book review podcast on the planet!  In this week's Ep we have Charles J Read. Charles J Read is a Certified Public Accountant (CPA), U.S Tax Court Practitioner ( USTCP), member of Internal Revenue Service Advisory Council (IRSAC) and the Founder of GetPayroll.  Mr. Read's companies have provided full-service payroll services, payroll tax services, and other payroll-related services since 1991. Charles is an accomplished senior executive and entrepreneur with more than fifty years of financial leadership experience in a broad range of industries and author of four books, the latest one being The Payroll Book: A Guide For Small Businesses and Startups Check out his website link below https://getpayroll.com/ Buy this week's book here! https://amzn.to/3wAIqrU Write me a review on APPLE PODCAST I will be eternally grateful! New Ep every Monday! Shoot me an email! EMAIL TheBookofTheWeekPodcast@gmail.com Instagram @jonkalian Tweet me @jonkalian clubhouse @JonthanPortukalian 

Are you fed up with paying state income taxes? Before you pack your bags and move to a no income tax state you'll want to listen to this episode. Moving to a different state to save money on taxes could cost more than you think.  After listening to the retirement headline, make sure to stick around to hear Doug's question about where to save extra money for retirement–my response may surprise you.  Outline of This Episode [1:22] Don't move to save on income tax [6:33] Should I invest additional money in my tax-deferred 457B account? Resources & People Mentioned Why Moving to a State with Low Income Taxes Could Cost You Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

The focus of today's episode is what clients are bringing up and asking about taxes – especially during tax season. I share some of the most common questions and some stand-out issues from this recent tax season. You will gain insight on how to handle certain questions and where you can be delivering value to clients as you discuss taxes.

Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Sean is an entrepreneur, a husband, father, author and co-trustee of Kind Foundation. He is also the founder of Strategic Wealth Network, and has impacted over a 100 children's lives by providing foster services. Sean has been in financial services for over 18 years, helping business owners, entrepreneurs and investors to keep their money, grow their wealth and give back more. In today's episode you will learn the tax strategy the ultra-elite uses to save money on their taxes, which the rest of the world doesn't know about and isn't leveraging. All this and much more, up next. Bullet points (00:28) Intro (02:49) The start as an entrepreneur (04:31) The first management job, working for Dell and retiring and 29 (06:00) Starting the first online shop in 1999, doubling down and the dot com crisis (07:53) Getting into real estate and losing everything again (11:16) Going through a tough time (12:44) Starting to volunteer and teaching financial strategies (15:35) Fostering (16:45) The first secret: The two different tax systems (19:22) The second secret: Giving up ownership (22:40) A real world example: Not getting taxed (26:40) A real world example: Getting paid (29:52) Creating a network and giving back (37:00) Venture philanthropist (38:30) Where to find out more (39:10) The third secret: Giving your wealth away (44:22) Rapid fire question round (44:35) If you ever had to start again, how would you make your money? (44:49) What is the most common or biggest mistake that leaders make? (44:58) Who is a great leader (alive or dead) and why? (47:00) What is one of your proudest moments? (47:40) What daily routines do you have (morning or evening) that have helped make you successful? (49:18) What book (or books) changed your mindset or life? (50:10) What advice would you give your younger self? (52:03) What unusual or underrated food or drink should more people try out? (52:57) What makes you happiest?

In this episode, we outline the history of the EITC, recent proposals to modify and expand the credit, and evidence on its effectiveness.

Taxes are a necessary evil, but with a good plan, you can loosen Uncle Sam's grip in retirement. Coach Pete D'Arruda is joined in the studio by Chief Wealth Strategist, Parker Holland, to talk retirement strategies so you can keep more of your money. Also on this episode, Coach and Parker put a hypothetical plan together to show how they can maximize your retirement savings.  If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial at (800) 661-7383. See omnystudio.com/listener for privacy information.

What percentage of Baby Boomers have NOTHING saved for retirement? On this episode, Coach Pete D'Arruda is joined in the studio by Chief Wealth Strategist, Parker Holland, to explain everything you need to know about IRA's. If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial at (800) 661-7383. See omnystudio.com/listener for privacy information.

It’s essential not to make emotional decisions during a time of economic volatility. The key to a successful retirement is sticking to a tested plan that includes tactical management strategies. This week on the Active Wealth Show, Ford breaks down how to fight inflation and volatile markets. If you are interested in getting a complimentary […]

Roger Sayles, Author, Radio Host & Teacher, joins the program to share his years of knowledge about the human condition in 2022. The first lesson you must learn, before you can fix your situation, is to first know what your situation actual is. He believes we have agreed (with a fraudulent method) to our own slavery and ongoing servitude. This is why we pay taxes that do not go to serve the people, but the interests of a very few who have gamed the system. This is not a metaphor, you have literally agreed to servitude, a serf existence, and he can prove it to you. Then you can change it and reclaim your freedom, if you choose. You can learn more about Roger Sayles, buy his book, watch his radio show, read his blogs, and download freedom documents at SovereignToSerf.com

Welcome to Syndication Made Easy with Vinney Chopra!  In today's episode, Our guest Ted Lanzaro is a Certified Public Accountant, real estate investor, real estate broker, author, and speaker with over29 years of real estate tax consulting and investing experience.  What you will learn from Ted Tax strategies Tax returns Renovation Record keeping Documentation S Corp, C Corp, or LLC? Limited partners General partners Tax-free cash flow Retirement plans Tax deduction Do's and don'ts for investors Deductible expenses Administrative expenses The benefits of a real estate focused CPA are not always recognized by investors.  It's usually only after hearing Ted speak at an investor meeting that audience members will seek him out to discuss how they can improve their tax situation.  Ted's experience as an investor helps him connect with investors as an investor rather than just a tax theory CPA.    The difference between a generalist and a specialist is proportionate to your tax consequence.  There are a lot of great CPA's that know a little about a lot of different business types, but this is of limited use to someone whose business is primarily real estate.  A real estate specialist makes it his job to stay up to date on the laws and opportunities to take advantage of the laws to better their clients tax situation.    Please feel free to share with anyone you know that will find this information helpful or leave any questions or #comments below. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

In this episode, Nick dives DEEP into his upbringing, the struggles that he faced along his ~9 year Entrepreneurial journey, and how he managed to Build a 7 Figure Fitness Brand- all while going through his own Healing & Awakening Journey! 

Mayor Charlie Pierce cuts taxes, balances the budget, and runs the Borough like a business. He gives credit to his staff as a good leader does. Listen to the inside scoop on how this Mayor has fended off new taxes for the last five years in office, while keeping a balanced budget and maintaining a surplus.  

It happens every year as tax season comes around in the US. Numerous media outlets publish excoriating investigations of wealthy corporations and individuals that, somehow, don't seem to be paying taxes. And the majority of American citizens believe the system is, in one way or another, broken. But what gives? Why are so many people convinced the wealthy conspire to avoid paying their taxes? Tune in to learn more. See omnystudio.com/listener for privacy information.

With all the news that comes out of Washington DC, it is easy to see why payments-related items might not be at the top of everyone's minds. Nonetheless, a number of recent proposals, hearings, and releases show that the industry needs to be paying attention to what is going on beyond the headlines.  In this episode we take a deep dive into some of these items with Brian Tate, the CEO of the Innovation Payments Association, and Brian Axell, of Axell Law, who has worked on compliance with Fintechs, issuing banks, and a variety of companies across the value chain.   We look at the Consumer Financial Protection Bureau's recent Request for Information on Fees, and their assertion of power to regulate Fintechs. We get into the Biden Administrations proposal on tax reporting for Earn Wage Access, and we even dip our toes back into the Interchange waters.   To read Brian Axell's blog on the EWA tax proposal, visit: Axell Law LLC | Biden Budget Plan Would Impose Earned Wage Access Tax Withholding Mandates on Employers 

Roger Sayles, Author, Radio Host & Teacher, joins the program to share his years of knowledge about the human condition in 2022. The first lesson you must learn, before you can fix your situation, is to first know what your situation actual is. He believes we have agreed (with a fraudulent method) to our own slavery and ongoing servitude. This is why we pay taxes that do not go to serve the people, but the interests of a very few who have gamed the system. This is not a metaphor, you have literally agreed to servitude, a serf existence, and he can prove it to you. Then you can change it and reclaim your freedom, if you choose. You can learn more about Roger Sayles, buy his book, watch his radio show, read his blogs, and download freedom documents at SovereignToSerf.com

Profit and loss statements.  Shipping and insurance.  Website updates. Taxes.  Marketing strategies.

Democrats are outraged that Senator Rick Scott's tax proposal doesn't force 100% of the federal tax burden solely on the wealthy.

Joe Biden could no be more wrong on just about everything and it is showing in his poll numbers as well as America's inflation numbers. Plus, Dr. Michael Roizen shares new health and wellness information -- including what to do to battle Long COVID.

Prices continue to skyrocket, new details emerge in Hunter Biden case, and Elon Musk doubles down on transforming Twitter .Get the facts first on Morning Wire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Summary of variable annuities, indexed annuities and a Guaranteed Living Withdrawal Benefit riderLinks in this episode:YouTube video - What is a Variable Annuity?YouTube video - What is an Indexed Annuity?YouTube video - What is a Fixed Indexed Annuity with Income Rider?Facebook group - Taxes in RetirementYouTube channel - Retirement Planning DemystifiedNewsletter - Retirement Planning Insights

Lakers owner/governor Jeanie Buss gave a rare interview with Bill Plaschke of the LA Times. She covered a lot of ground, starting with her frustration around this season's big, bold and ultimately wasted investments, and growing impatience with the direction the team has been trending. Buss also discussed accountability, putting herself at the top of the decision tree and noting she'd be willing to make whatever tough decisions are required going forward. And there was much discussion of other branches on that tree, from GM Rob Pelinka to special hoops advisor Kurt Rambis to... whatever Linda Rambis is. Buss says that Linda Rambis isn't involved in basketball operations, but also didn't really clarify exactly what she is doing, either. So in the end, did the interview make you feel better about the team than you did Tuesday morning? HOSTS: Andy and Brian Kamenetzky SEGMENT 1: Jeanie Buss speaks with the LA Times. This, in itself, is worth talking about. She hasn't communicated much with Lakers fans directly or through the media, and it hasn't helped the franchise. SEGMENT 2: What does accountability mean? Would Buss be willing to fire Pelinka if needed? What about Kurt Rambis? SEGMENT 3: What's the deal with Linda? Support Us By Supporting Our Sponsors! PrizePicks Check out PrizePicks.com and use promo code: “NBA” or go to your app store and download the app today. PrizePicks is daily fantasy made easy! Built Bar Built Bar is a protein bar that tastes like a candy bar. Go to builtbar.com and use promo code “LOCKED15,” and you'll get 15% off your next order. BetOnline BetOnline.net has you covered this season with more props, odds and lines than ever before. BetOnline – Where The Game Starts! Rock Auto Amazing selection. Reliably low prices. All the parts your car will ever need. Visit RockAuto.com and tell them Locked On sent you. Athletic Greens To make it easy, Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. All you have to do is visit athleticgreens.com/NBANETWORK Learn more about your ad choices. Visit podcastchoices.com/adchoices