What Your CPA Wants You to Know
A podcast for entrepreneurs! We are a husband and wife team running our CPA firm together. We know just how difficult it can be to take your business dream to a reality. Our mission for this podcast is to guide, empower, and educate entrepreneurs in an easy-to-understand way! We want business owners to have the information that they need when they need it, AND without the hefty accounting invoices from a CPA! Follow along for practical advice, tips, and tricks from a CPA who knows what it is like to run a business, and strategies to keep your business thriving from an MBA! We will also show you how to run a business while keeping your family and sanity intact along the way!
What are you waiting for???
Episodes
107 episodes
106. Tax Laws Are Changing: Here's What You Need to Know!
The big, beautiful tax bill brings welcome news for taxpayers with lower tax brackets being preserved, an increased standard deduction, and a higher child tax credit of $2,500 per child. Seniors will especially benefit from an additional $6,000...
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Episode 106
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17:15
105. All About Estimated Tax Payments!
Ever been shocked by a massive tax bill in April? Let's not let that happen again! For business owners, freelancers, and anyone with significant non-W2 income, estimated tax payments necessary.The IRS rules have changed in recent years....
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Episode 105
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20:20
104. From W-2 to 1099: Everything You Need to Know About Self-Employment Taxes
Transitioning from W-2 employment to receiving 1099 income fundamentally changes your tax situation and officially makes you a business owner, even if you're doing the same work as before.• Self-employment tax means paying both the empl...
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Episode 104
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29:25
103. Important Social Security Updates! Teachers, Police, Firefighters, Public Employees!
The Social Security Fairness Act eliminates the unfair Windfall Elimination Provision that prevented public service workers from receiving their full Social Security benefits despite paying into the system.• Nearly 2 million Americans i...
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Episode 103
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12:56
102. My Monthly Accounting Routine with Dr. Amanda Thompson of Rooted Physical Therapy
Dr. Amanda Thompson shares her experience with the monthly accounting membership program and how it has transformed her business finance management from chaotic Excel spreadsheets to organized QuickBooks mastery.• Starting a business wi...
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Episode 102
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36:49
101. Stop Dreading Tax Season: Our Solution for Year-Round Accounting Peace
We created our monthly accounting plan to solve the recurring problem of clients coming to us at tax time with messy books and missing tax-saving opportunities, and after nine months with our beta group, we're sharing how it's working and openi...
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Episode 101
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24:14
100. The One Where We Celebrate Our 100th Episode!!!
We celebrate our 100th episode by giving listeners a behind-the-scenes look at our podcast journey, from inception to production challenges to our biggest wins.• Started the podcast in January 2023 to help people we couldn't take on as ...
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34:17
99. The Tax Strategy Your CPA Never Told You About! The Augusta Rule
The Augusta Rule offers a legal way to transfer money from your business to yourself tax-free by renting your home to your business for up to 14 days per year. This often-overlooked tax strategy allows business owners to deduct the rental expen...
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12:10
98. Kids on Payroll: The Legal Tax Hack to Save Taxes Every Year!
Paying your children through your business is a legitimate and powerful tax strategy that can save you thousands every year!• Reduce taxes by converting business income into deductible expenses with zero tax impact• Children earning...
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Episode 98
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17:10
97. Client Etiquette 101: How to Work Effectively with Your CPA
Working with a CPA effectively requires understanding both what to do and what to avoid to create a productive professional relationship that benefits your business.• Be organized when providing documents rather than dropping off unsort...
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13:21
96. The Price of Bad Bookkeeping: When QuickBooks Goes Wrong
We tackle the critical but often overlooked task of proper bookkeeping for business owners and share how avoiding common mistakes can save you thousands of dollars and countless headaches. • Bad bookkeeping comes in many forms—from...
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Episode 96
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17:49
95. Tax Filing Requirements for Your Dependents: When Children Need to File Returns
We decode the confusing rules around when children and dependents need to file tax returns, covering both W-2 employment income and 1099 contractor payments.• Children with W-2 income under $14,600 (2024 standard deduction) don't need t...
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Episode 95
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8:50
94. Tax Law Updates to Know for Business Owners
This episode highlights significant upcoming tax changes for 2025 that every business owner should be aware of!• Discussion of the BOI report saga• Overview of major tax changes impacting 2025 • Depreciation Changes busi...
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Episode 94
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11:16
93. BOI Report Saga: Stay Informed and Prepared for Change
The episode dives into the updates surrounding the BOI report, which requires LLC owners to report beneficial ownership information to FINCEN. Here we discuss the BOI updates as of today!• Introduction of the BOI report and its purpose&...
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Episode 93
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4:54
92. Balancing Business Growth and Family Life: Setting Boundaries in 2025
Ever felt like you're sacrificing your family life for business growth? It’s a dilemma many of us face, especially as we navigate the complex demands of 2025. This episode is a reflection on the art of setting boundaries to ensure that our prof...
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15:34
91. Business Owner's Guide to a Smooth Tax Season and End of Year Filings
Tax season is here and this episode delivers our help to navigate it successfully. We discuss critical deadlines, necessary filings, and how to prepare efficiently for your taxes while avoiding common mistakes. We cover all the questions that h...
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Episode 91
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17:55
90. Achieving Your Business Goals in 2025
Setting clear goals at the start of a new year is essential for any business's success. We encourage deliberate planning to review past performance, establish actionable goals, and stay aligned as a team throughout the year. • Refl...
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Episode 90
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18:45
89. BOI Report: Important Legal Updates and Filing Tips!
Please note: There is a temporary pause in enforcement of the BOI Report filing following a significant court ruling this month. Though we do think the BOI report will eventually need to be filed at some point.This episode walks you thr...
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Episode 89
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16:38
88. Throwback: New Business Owner? You're likely a Sole Proprietorship without knowing it!
THROWBACK EPISODE! OLDIE BUT GOODIE :)If you started a business and didn't file any paperwork, what type of business are you??? Do you know???The IRS will automatically classify your business as a sole proprietorship and that yo...
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16:20
87. Debunking Common Tax Myths: What You Really Need to Know!
Join us as we challenge common tax myths that we hear often from clients. We explain why your CPA doesn't need a collection of every single receipt, thanks to the magic of bank statements, and how the progressive tax system really works. <...
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Episode 87
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10:04
86. Year-End To-Do List For Business Owners!
There are SO many things for business owners to do at the end of the year + the first month of the new year! It's a LOT!This episodes guides you through what you should check off your list before the end of 2024. We help you get organiz...
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Episode 86
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25:13
85. Owner Distributions & What All Business Owners Must Know About Them!
Confused about transferring money from your business to personal accounts? Whether you run a partnership, S-corp, sole proprietorship, or partnership, we'll guide you through owner distributions and explain why these transfers aren't classified...
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Episode 85
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14:22
84. Why Bad Bookkeeping Is Costing You Money! Common Mistakes We See
Are you using QuickBooks or another accounting software? Are you using it correctly?In this episode we discuss the big issues we see with Quickbooks (mainly user errors) and the biggest bookkeeping mistakes we see often.With QuickBo...
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Episode 84
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17:27
83. Understanding Unrealized Capital Gains Tax: POSSIBLE New Tax Law!
New tax laws coming in hot. Have you wondered what an unrealized capital gains tax could mean for you? Discover how the proposed tax changes could impact investors, from high-net-worth individuals to everyday people, and why it's crucial ...
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Episode 83
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9:56