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!
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What Your CPA Wants You to Know
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 clients
• Purchased a podcast course for $150 which provided crucial guidance on equipment, hosting, and editing
• Recording during tax season was challenging but strategic, as downloads are highest in the first half of the year
• Initially scripted episodes but became more comfortable with time, though still prepare notes for specific tax regulations
• Hired an editor (Kevin) which made continuing the podcast possible
• Our top three episodes: QuickBooks, paying kids from your business, and common startup mistakes
• Biggest wins include the personal finance series and S Corp series, which have helped listeners save thousands in taxes
• Moving to a bi-weekly schedule to make production more manageable
• Planning a second, more personal podcast focused on family life
Thanks for helping us reach 100 episodes! We'll continue providing tax and accounting wisdom every other week, focusing on the latest tax code changes and business strategies to help you save money.
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That one was weeks in the making because it was every time something happened and I would just be like somebody got bad advice on this. I mean people that did what they were supposed to. They reached out to experts because they're like I don't know, and then they were given bad advice, and sometimes it was a bad accountant or CPA, but a lot of times it was somebody that wasn't a CPA, that was out of their lane a little bit. For example, I don't give legal advice and sometimes lawyers give accounting or tax advice and it's not always the best. So you know, we see some things and anyway, that was weeks in the making because every time something like that would come up I'd be like, oh yeah, this needs to go in that episode because this is a big mistake. Welcome to what your CPA Wants you To Know.
Speaker 2:Tax and accounting help can be expensive, so we've created this podcast to help guide you through it all and make you feel like you have a CPA in your back pocket.
Speaker 1:I'm Carson Sands.
Speaker 2:And I'm Taryn Sands.
Speaker 1:I'm a CPA with over 10 years of experience helping people start and grow their businesses.
Speaker 2:And I'm an MBA with a specialization in marketing and entrepreneurship. Taxes suck and we want to make sure you don't pay more than your fair share.
Speaker 1:We're here to share everything your CPA wants you to know.
Speaker 2:In a fun and easy to understand way.
Speaker 1:Let's get started.
Speaker 2:Let's do it. We are recording our 100th episode today 100. Woohoo. I didn't really know what to do for this episode. It seems like a really big accomplishment recording 100 episodes.
Speaker 1:But I knew exactly what to do. As the person who plans and coordinates and edits all of the podcasts myself, I knew exactly what to do in this situation.
Speaker 2:Which is exactly what we're going to do today, is kind of give you some insight into how this works, and spoiler alert Carson does not do any of that. That he just said.
Speaker 1:What is editing again? I'm pretty sure I did that the other day.
Speaker 2:He has never, to this day, edited a podcast and he couldn't edit one if you asked him to. So I am the podcast editor, which I'm not anymore, and we'll get into that a little bit. But today we just wanted to kind of give you a behind the scenes look into the podcast, talk about how it went the last two years and all of these hundred episodes and what we're going to do moving forward. But first I just thought it would be a good idea to share about, like, why we started the podcast in the beginning. So you know, I know why I wanted to start it, but, in your own words, why did you want to start a podcast about accounting?
Speaker 1:Well, we had got to the point where we weren't taking new clients and one of the first things we did was we wrote our guide for new businesses, because, you know, I had always told new businesses the same thing and you told me we should just write a guide that explains that, so we can help more people. And then I think that you know, I knew that the podcast was a way to reach a lot more people, because people either don't have time or don't want to read books all the time.
Speaker 2:Right. Yeah, I think that we were kind of on the same page of how can we help people with these questions we're getting without taking on new clients, and at the time I was the one answering our phone calls all the time, and most of the time it was new business owners that were super confused about how to start their business Do I need an EIN, do I need to file an LLC? And they were very desperate to get some help. But we just weren't accepting new clients because we had too many at the time and just not enough time to devote to our new people. So that's where the guide came in, and then somewhere along the way, we decided a podcast would be great long form content.
Speaker 1:Right, and you know, I think that a lot of people, that any the kind of person that's going to listen to an accounting podcast is the kind of person usually that plans ahead for their business, and so when people are planning to start a business or to do something different, like that, it seemed like a really helpful way for people to just be able to. You know, maybe they don't remember every single thing we said on every single episode, but they know that. Okay, I know they said something about that, I heard something about that. I'm going to go back and find that episode and then, you know, whenever it becomes relevant.
Speaker 2:Absolutely. I think, like this and the guide, it's more beneficial to people because they can go back and look at it, because you can sit down with someone for an hour long meeting and it's very helpful, but nine times out of 10, they don't remember exactly what you said. So being able to go back and listen to the podcast episode when you need it or, like in our guide, you can go back to that part whenever it applies to you is so much more helpful than just sitting down with a meeting and people sometimes don't realize that because they do like to sit face to face or book a phone call with you. But to have that like in writing or in a podcast is so helpful because you might need something again later on and you don't have to try to think about it and remember what they said.
Speaker 2:Sure, and then I think both of us or anybody, I guess, that listens to podcasts. At some point in your head you're like, oh yeah, having a podcast would be so much fun and both of us listen to a lot of podcasts. So I think at some point before this you had always said you wanted to have a podcast and I I don't know that necessarily you wanted to have an accounting podcast, but you did want to have a podcast.
Speaker 1:Sure, I mean I figure more than anything. People want to hear all of my thoughts and opinions on everything, but since I am an expert in accounting, I guess we decided to go that route.
Speaker 2:Yeah. So we decided sort of on a whim. If you don't know me, I kind of get bright ideas and then I just tell Carson about them and then the next day we're actually doing the idea. So it just kind of came up and we talked about it and then I bought a podcast course that taught me how to start a podcast.
Speaker 1:Yeah, and that was actually really helpful. It wasn't one of those guides that is inspirational or aspirational Not that there's anything wrong with those, and there was probably some inspiration in there as well but it was a guide that actually told you specifically what to do like physically do this and that's how you can have a podcast.
Speaker 2:Yeah, I think I spent like $150 on it, which is the best $150 I ever spent, because it didn't take me long to get through the guide and I was able to figure out how we needed to record it, what equipment we needed, our podcast hosting site which I had no idea that you needed a hosting site and then some of the tools that people use just to make your voices sound better, and like what microphones to get on Amazon. Like it had everything in there as far as a little bit of a launch and a little bit of a launch strategy. So we knew that we needed to get our trailer up and going and then we did three episodes, right, yeah, three episodes to release, because if you release on Apple podcasts, it's better if you release with multiple episodes instead of just launching with one episode.
Speaker 1:That plus the intro. Three full episodes plus the intro. But yeah, that course that you bought. Do you want to tell everyone which one it was? I?
Speaker 2:mean I would, but they don't sell it anymore, so that's why I didn't mention it. They don't sell it anymore. It was a really great course, but they went a little bit of a different direction. So I think there's so many of those out there.
Speaker 2:If you're looking to start a podcast, it was definitely worth the money than trying to figure out everything on your own, and I ended up having to buy a Mac computer which I had never owned like an Apple computer. So it was really helpful to tell me, like how to use the editing software and all of that, which ended up being not too complicated to figure out. But definitely in the beginning, when we were trying to do like the intro and figure out what kind of music to put, all of that it was helpful. But all of that still probably was the hardest part of the process because we were trying to get all of that finished up during December so that we could launch in January. And then I had laryngitis. So that was like the week that I think we got. We got a sitter that week to kind of help us, have a few hours a day to finish up everything, and then I couldn't even like squeak out a word.
Speaker 1:Oh yeah, that was ironic, wasn't it?
Speaker 2:I was so mad because, like I'm very type A and I like to plan things out, and we had this on the calendar ready to go and then I just couldn't and so I was had like tea and cough drops and all of that, and it still irritates me to listen to the intro because it's not what I wanted it to be?
Speaker 1:Didn't we eventually change it?
Speaker 2:We tweaked it a little bit, yes, but we didn't record all of it. So we record all of it and I can tell in my voice, which I'm sure not everybody can. But that's another thing. Listening to your voice on a podcast is really hard at first.
Speaker 1:Oh man, it's amazing how much deeper I think my voice is in my head than it actually is, and sometimes I hear myself talking. I'm like wow, who's that whiny Southern old man?
Speaker 2:Well, I don't like the sound of my voice at all, but I have actually received people saying like that you have a really good podcast voice, which they didn't yeah For you. They said that you have a really good podcast voice, Like, oh, Carson's voice is so good for podcasts, but for some reason they didn't say mine.
Speaker 1:Nobody told me that. I've actually specifically had somebody tell me that they love listening to our episodes because you have such a soothing voice and it relaxes her yeah.
Speaker 2:Oh well, look at us, we both have good podcast voice apparently.
Speaker 1:Well, great. Well then, I mean, rogan, if you're listening, if you want to give me a call to fill in, you know I'll just take just the money from that episode. I mean, you don't have to pay me any more than that.
Speaker 2:So I wouldn't say we're professionals yet, but I mean, we do have 100 episodes down and it gets easier. I don't know if it gets easier because you're used to listening to your voice and you just get used to it. It sounds like that and it's weird, or you know, you do get better, but I do think that we are both better now than when we started, for sure, because we used to have to stop like a million times.
Speaker 1:Oh yeah, that's true.
Speaker 2:And we used to write out the episodes in the very beginning. We would write out the episodes, what we would say and everything, because for me I don I don't think Kirsten had as much of this but I would get so nervous when the microphone would turn on and I would forget what I was going to say. And it's not like when you're giving a speech you know there's so many people in front of you that you get nervous. It was like, but the same feeling, like I just couldn't get my words out when the microphone was on. It seems really easy, but it is not as easy as you think it is.
Speaker 1:And I remember I didn't always want to have notes because I felt like, well, this is a podcast on something I'm an expert in, I don't need to have notes. It should already be in my brain. But the tax code is a giant monstrosity and it's ever-changing. So it actually helped a lot whenever I just kind of got over my ego on that and was like no, I need to print out the notes because the tax brackets change every year, the standard deduction changes every year, all the rules change every year. So I mean I might as well just print it out and have it in front of me so that I don't say something stupid or incorrect. That would be embarrassing.
Speaker 2:Right, and I think for you sometimes it would be hard to think of questions that people would ask, because when you're really good at something you don't think of those questions anymore and you have a hard time with that sometimes. So I think just planning out the episodes and trying to incorporate all the questions that we've heard in the past was hard because we would forget that and then the episode would release and we would get the questions. I'm like, dang, we should have included that. So we definitely got better as we went on by making sure that we addressed all of the things that we hear all the time, and at first I think we left a few of those out.
Speaker 1:For sure, but we did get better at that. Just like anything else, Once it's become, once it becomes part of a habit, then I mean, if I heard the same question three times in a week, then I'd write it down or shoot Taryn an email and say okay, we need an episode on this.
Speaker 2:Yes, and as we were getting questions in, we made sure to add that to our spreadsheet that we have for episodes coming up and we definitely got into a really good routine with the podcast.
Speaker 2:Now I think it was such a good idea to have something more long form with accounting because, like you said, the tax code is just long and always changing and it's just not something you can explain in like a simple reel or post or email.
Speaker 2:It's better to be able to talk about it because even when talking about something like paying your kids or something it's like, well, if you're this, then that, if you're this, then that, if you're this, then this, and then the next step is this.
Speaker 2:So I feel like a long form podcast of this type and then just having the episodes that people can tune into if it applies to them is so helpful. And that was our idea with the podcast and I think that that part of it we've done really well with that, because not only can we give this information to people that need it, that we don't know that are listening, but also our clients. They when they have a question about, like, updating their forms at work or they're going to send out a 1099, it was like we were going through the same information via an email and being like, if you need any more help, like schedule a call where they would have to pay, or I could send them this podcast episode that would tell them everything they need to know, even the things they didn't even know to ask yet, which was way more helpful for them.
Speaker 1:Yeah, and I have a tendency to always want to hedge on everything that Taryn asks me or that people will shoot us a Facebook message and ask and need to hedge because there's always so many. It depends, and so you know, having the long form podcast really helps with that, because I can put in all my hedges that I need to, because it's unless this, until that, only if and instead of this.
Speaker 2:Yeah, you can rarely answer an accounting question straightforward because of the IRS rules and guidelines. It's just. It's always it depends, which is annoying to me and I'm sure it's annoying to our clients as well.
Speaker 1:Yeah, and, but that is usually the answer, like you know. Can I deduct this? Well?
Speaker 2:it depends.
Speaker 1:And usually yes. Unless you're rich, maybe not. And then you know, we'll see.
Speaker 2:Or people think that it's a simple question about their W-4 and they're like it's just a quick question, can I put this? And you're like well, yeah, but I need a lot more information make?
Speaker 1:How many kids do you have? What kind of other deductions do you have going on? Do you have any credits you're going to get for the year? That's all the things that play into it. So by the time you really answer the question accurately, you almost have to do an entire tax return for somebody.
Speaker 2:Yeah. So I think that that's why the podcast has been so helpful to our clients too. So our idea definitely panned out. It's doing what we thought it would do, but let's talk about kind of like the middle. So we launched this podcast in end of January 2023. And then that meant that we had to release a weekly episode every single week during tax time, and I feel like that's kind of where it caught up with us, because when we were thinking about it, it was like November, december, getting all of our ducks in a row, and then we weren't as busy, but then tax season hit.
Speaker 1:I remember we had talked about that, though we were like if we started it, launched it earlier, we would have more time to record episodes in November and December. That's when we're typically slower, but also we realized, that's when a lot of people don't care about taxes at all. They don't and so if we would put ourselves through that struggle of okay, yes, it's hard to record podcast episodes during tax season then, but if we do that during tax season, that's when people actually care about this stuff and maybe more people will listen.
Speaker 2:Yes, and we were right. Our downloads are really high the first half of the year, pretty good, like through the summer. But when you get to the very end of the year you know people are more concerned with the holidays and just not thinking about taxes in their business right then, which I totally get it.
Speaker 1:They're listening to fun podcasts while they wrap Christmas presents and curse the holidays.
Speaker 2:Yes, exactly. But what we didn't know, and we couldn't have known until we got into the situation, was how long it was gonna take us to record all the podcasts, edit them and upload them and have them ready to go and then actually share them with people like our clients. So that was the part that got a little tricky was that we knew it would take us usually like an hour a week to record the podcast, but then we were getting into the predicament where I needed another hour to edit it and put in our intro and music and all of that and upload it. And a lot of times if our podcast released on Wednesday morning at 2 am, I was editing everything the night before.
Speaker 1:and that got a little hairy through tax season yeah, especially, you know, because we do have kids too, and I know sometimes she would try to take her laptop and edit while you know, because we do have kids too and I know sometimes she would try to take her laptop and edit while you know one of the kids was in a gymnastics lesson or something like that. But it's just, it's not that easy because you have to have your headphones and you have to be able to hear everything and you don't want to miss any. I don't know stupid things that we say that might need to be cut out. So right.
Speaker 2:Definitely, editing was a lot more time consuming than I thought it was going to be and I was a new, a new editor. I had never done this before. So in the beginning I was very slow and as the year went by I definitely got better and it was quicker. But one thing that also played into it was we were doing a lot of guest episodes at the time, so I was setting up all of those and all of the back and forth with scheduling and emailing and getting them to fill out some things prior to the podcast and everything. But the editing is much more difficult whenever you have someone that you're interviewing for so many reasons. But that editing was much more difficult and since then we do some interviews, but we've slowed down on that just because it's hard to schedule and like right now we're doing this on a Sunday morning, the kids are playing and it's just what worked out this week. And when you're interviewing people, it's way more difficult to fit that in your schedule right, that's true, I know that you struggle with that.
Speaker 1:I mean, I didn't interview very many of the people. Those were mostly episodes that you did without me and that actually helped during tax season for me because that was one more episode I didn't have to record and I was able to focus on doing tax returns. But I know that took a lot of extra work from you for sure.
Speaker 2:Yes, but Since then we have actually hired an editor. That was one thing that I needed to take off my plate. There was too many things on the plate Like the podcast was great and I didn't want to let go of the podcast, but we were just so busy in all areas of our life Like I felt like I was going to explode. So that's when we decided to hire a podcast editor and we currently still use him. His name is Kevin. He is amazing and that really made the podcast so much easier and more manageable for us just to record the podcast and I don't have to think about editing it and I don't know how to edit it.
Speaker 1:So thank you, Kevin. Yeah, in spite of my earlier claims, they were all false.
Speaker 2:Yeah, carson doesn't still doesn't know how to edit, so that's something that's changed since we started, and it's one of the only reasons that we're sitting here today recording the hundredth episode.
Speaker 1:Right, we had even at one point, I think, you were like do we still even want to do this Cause you were super tired of editing it, and we just thought, well, but we had, you know, built up quite a few listeners and felt like we were helping people and we didn't really want to let it go either. So I mean, that made a big difference for us.
Speaker 2:Yeah, and we do enjoy doing the podcast, but it's just like anything else in your life.
Speaker 2:You kind of have to. There's not as much time and, with three kids being extremely busy with sports and school, you have to make decisions. And we kind of got to a place where we were trying to decide if the podcast was something we wanted to keep doing and ultimately we decided, yes, we love it, we're getting great feedback, our numbers are increasing, so it was time to hire someone to edit it for us, which really took a lot off my plate. It's so much easier to jump in here and record an episode and then not worry about it than it was to have to do all the stuff. So that's something we changed. And then, another thing we changed what the beginning of this year right is that we're only doing an episode every other week instead of every week, which is also very helpful and made everything feel so much more manageable, which is why we decided we're kind of like deciding if we're going to move forward with it, but we decided, yes, in 2025, we're going to continue to move forward with the podcast.
Speaker 1:Well, it's every other week, is, I mean? And there's no police that are going to arrest us if we release an extra episode because something comes up. But when we started the podcast, there was so much information that we wanted to get out there that you know it wasn't just about doing it weekly because oh, that's, you know, a good schedule. It's because there's so much information too, and in fact it could have been way more than once a week. We just didn't have time to get that many episodes out, but we've covered so many topics that are still relevant. I mean, of course, some of the baseline numbers change with inflation, but most of the information that we've put out there, it still applies. And if anything else does pop up and we feel like we need an extra episode, we can always do that.
Speaker 1:And you mentioned before that we enjoy doing this and we do and I like that we're able to help people that maybe we don't have space to take on clients right now, and we do get calls and we have to turn people down sometimes, but I have had several people tell us that, yes, their CPA wasn't proactive in trying to get them to convert to an S-corp or do some of these other things that save you a lot of money in taxes. But once they push the issue because they listen to our podcast, then they were able to get it done, even though we weren't able to take them on as clients, and so it still saved them a lot of money, and that's because of the podcast. So I think that's really cool too.
Speaker 2:Absolutely, and I do think we tried to come at it from a position of here's something you can do yourself to save yourself money in taxes. So, like our most recent episodes about paying your kids and the Augusta rule, we made sure to explain exactly how you could set that up in your QuickBooks yourself so that you can just turn it into your CPA when it's tax time. So I do think that it's helping small business owners that aren't necessarily working with the CPA every single week or month or something like that, that are doing a lot of it themselves, save a lot in taxes, and we want to help everybody save taxes.
Speaker 1:Sure, and I like to think we're even helping some of our colleagues a little bit, the other CPAs because people that listen to this that are not our clients are probably doing a lot better job of getting their CPAs the right information and in the right kind of way. So I hope we're helping them too.
Speaker 2:I hope so, because our clients that listen, they're my favorite clients, they know everything, they're like yeah, you said on your podcast that you wanted it this way, and so that's why I put this here and I'm like, yes, that's exactly, it's perfect, so easy to work with them. And our favorite, my favorite clients are the ones that are doing the work and like teaching themselves along the way, because they're so easy to work with and I don't know, it's just, it's just so much are some of the best ones, the ones that listen, that put in the effort, that try their best.
Speaker 1:I do enjoy that for sure, and we have people that are past retirement age that are doing a great job with the technology and with doing everything the way that we teach here. So we do appreciate that. Yes, we do.
Speaker 2:So we wanted to just talk about some of our biggest episodes that we had over the hundred episodes, and there's the three top three. The first one was about QuickBooks Not surprising, right, I feel like everybody has so many QuickBooks questions. So the QuickBooks episode, which maybe we need to do another one, but also paying your kids from your business Also another big one that I feel like most people know about but maybe don't take advantage of it because they don't know how to actually put it in place. So hopefully that episode helped. And then five common mistakes people make when starting their business.
Speaker 1:That's good to know.
Speaker 2:Yeah, I think that that is such an important one, so I'm glad that's one of the top ones.
Speaker 1:That one was weeks in the making because it was every time something happened and I would just be like somebody got bad advice on this, and I mean people that people that did what they were supposed to. They reached out to experts cause they're like I don't know, and then they were given bad advice, and sometimes it was a bad accountant or CPA, but a lot of times it was somebody that wasn't a CPA that was out of their lane a little bit. For example, I don't give legal advice and sometimes lawyers give accounting or tax advice and it's not always the best. So you know, we see some things and anyway, that was weeks in the making because every time something like that would come up I'd be like, oh yeah, this needs to go in that episode because this is a big mistake.
Speaker 2:Well, I think it's a really helpful episode for anybody starting their new business, because it tells you exactly how to set everything up without making a big mess later on.
Speaker 1:One of the biggest ones I remember from that is using your personal checking account to run your business.
Speaker 2:Don't do that and we tell people that, like all the time I mean every day we have multiple episodes about that and that's not what this episode is about.
Speaker 1:But don't do it.
Speaker 2:If you listen to this podcast, you would never do that.
Speaker 1:No, that's true, we know y'all. Tell your friends, because they're the ones doing it. Tell your friends.
Speaker 2:So I wanted to ask you what your biggest win of this podcast was, and if you don't have an answer, I have one, and then you can have some time to think about it.
Speaker 1:Yeah, you go first.
Speaker 2:Okay, I think the biggest win for me is the personal finance series. Probably close second would be the S Corp series, but the personal finance series just because I felt like that was something that we got to share. That was kind of an extension of us personally and our business. We went through Dave Ramsey a long time ago, right before we got married, and it really significantly changed our lives and got us into the right mindset, I think, of just saving and putting into retirement and not overspending and things like that, which definitely resulted in the success of our business, because if your personal finances are a mess, so are your business finances usually. So I love that we were able to take that and help people. I mean, it's not necessarily just taxes, but we were able to incorporate that as an episode and I've received so many messages on Instagram about that series, about how we inspired people to turn their personal finances around, and I love that because it was so life-changing for us. I'm glad that we were able to help inspire other people to do the same.
Speaker 1:That is a good one, because there's, you know, there's business is one thing, but your personal finances. There's a fear there that people have just to get started and they feel out of control, and it adds so much stress on your life that you don't even probably realize until you're out of that situation. And people do it all the time. People have success and build a retirement making much less money than you probably make, and so it can be done. You just need to get control of your money, get control of yourself.
Speaker 2:And if you haven't listened to that series and you're thinking, oh man, that sounds awesome, you can go back. It was last summer that we did that and there's, I think, four episodes. But it goes into retirement and savings and what we do personally and I thought it was cool that we could just kind of bring that over here to the podcast. And it still makes sense, since it's personal finance and then help people and it's something that we're both very passionate about. So I think those episodes are really good because you can see how passionate and you can hear how passionate we are about all of the personal finance stuff.
Speaker 1:That's a good one. I like that. So what was your?
Speaker 2:win.
Speaker 1:I really liked the S Corp series. I mean, I mentioned earlier that you know, one of my favorite things was that people would reach out that would say like, even though we couldn't become a client, we, we did do the S election and save you know, a ton of money in taxes. And that that's a big one for me, because I just I really hate whenever I see a tax return and I see you know a schedule C and the people are making over $200,000 in profit and they're just, you know, paying so much unnecessary money in self-employment taxes. That's a big one, you know. I like to think that all of that extra savings some people are saving you know $20,000 a year just from doing you know something that we recommended, and I like to hope that they're using that to, I don't know, pay off debt to tie into what you said with the personal finance, or invest an extra $20,000 towards retirement or whatever. You know that money can go a long way.
Speaker 2:Absolutely. I know when we first started the business I was keeping like a little tally because we didn't have that many clients yet. So you would say like I'm saving them like $40,000 a year by converting to an S-corp and I was trying to keep a tally for the year.
Speaker 1:So we could be like we've saved hundreds of thousand dollars and people switching to S Corp. Oh, like the billboards where it's like the lawyers put like billions of dollars in settlement. Well, that's how much they've got all their clients in their total career. And it sounds like a big number, Well, and I guess it is sometimes but yeah, we can say that yeah. I mean, okay, Like over the course of our years of doing this now we have probably saved millions of dollars in taxes.
Speaker 2:For sure, and I love it when you send out an email to somebody and was like congratulations, that was a great move to go ahead and move forward with S-Corp, because you saved $19,750 this year and, oh, guess what? You'll save that plus more probably next year if your business grows.
Speaker 1:Yeah, that is nice, and people are always excited, especially when they've been, you know, already making money before that and just hadn't made that step. So that's a big one, yeah.
Speaker 2:I like those too. We worked really hard on those. So if you haven't listened to those series, go back and take a listen to those. But the last thing that I want to talk about is just moving forward. What is this podcast going to be like? Moving forward, what are our plans for it? All that stuff.
Speaker 1:Well, even though we'll only be coming out every other week on episodes, I think that certainly some of the episodes, you can expect more of the same the latest changes and updates to the tax code, things that affect businesses or individuals, because everybody that owns a business is also an individual, so we covered that as well. You know a lot of that will still be happening. Anything that y'all need to know that is new information or that we haven't talked about yet, we'll be putting out there, for sure.
Speaker 2:And I feel like we have just so many more episodes on our like. We have an idea list for episodes that we'll still be rocking and rolling with the every other week. But you know, at some point if we feel like we've covered everything as well as we can, you know we might go back down to like a monthly episode or even less, if we just feel like we're repeating ourselves. But at this point I don't feel like that's the case.
Speaker 1:No, not yet.
Speaker 2:And just a little I don't know side note we, I guess, have liked podcasting so much that we're thinking of maybe starting another podcast.
Speaker 1:If you love listening to podcasts and you want to listen to one about something else besides accounting and you like the sound of our voices then, we do have one coming out.
Speaker 2:TBD, yeah, so yeah, we're thinking about doing another podcast personal podcast with the kids and so we've enjoyed it so much that we want to do another one, so I guess to say that it was successful.
Speaker 1:I think we don't know exactly what it's going to be, but in theory it will be about things that we do in our lives, things that we do with our kids, and a lot of times people think oh, you know, your kids are so nice and they're so there. You know, it seems like they. You know your kids are so nice and they're so they're. You know, it seems like they. You know they don't spend a lot of time on screens and like, what do you do? How do you keep them occupied? How do you make them so nice and so polite and so smart? I don't know. I mean, that sounds like I'm bragging on my kids and maybe I am a little bit, but they really are great kids and so um that third one though, oh, she's spicy, she's spicy.
Speaker 1:Well, she's just mad because she's smarter than the rest of us and she's bored by our stupidity.
Speaker 2:Yeah, I think so. But our oldest daughter, who is definitely just like your stereotypical first kid she's perfect and happy and everyone loves her and she's the teacher's pet All the things that you would think of as a first child she wanted to start a podcast and Carson's like, oh, that's a great idea. And I'm looking at them like y'all are crazy. Editing takes so much time and doing all the things we can't do. Another podcast, I'm barely holding it together as it is. And then a couple of weeks went by and I just kept thinking about it, kept thinking about it. Actually, that's actually that's a great idea. So I completely changed my mind.
Speaker 2:And our oldest, who's 10 now, she wants to learn to edit podcasts and stuff. So I think it'll be. It'll be really fun for us and we have a lot that we want to share about our travels and the stuff we're doing with the kids, like book clubs and things like that. So if you have kids and any of that sounds great, yeah, stay tuned. We'll definitely share about it at least once or twice on this podcast for anyone that's interested. And I think that's all we have for our hundredth episode.
Speaker 1:All right, 100. Woohoo.
Speaker 2:We should have brought like champagne or something.
Speaker 1:Well, nobody would be able to see it here. Okay, there we go. That was the champagne cork, did you hear it? Cheers Okay, there we go. That was the champagne cork, did you hear it?
Speaker 2:Cheers.
Speaker 1:We did tell everyone it's Sunday morning earlier in the episode, so I don't know if it's a good look for us to start chugging champagne this early, we have to wait till at least noon.
Speaker 2:Yeah, carson's actually taking the kids to a slide park, so probably not a good idea. All right, well, thank you for tuning in. I hope you know you guys enjoyed this episode. It's a little bit behind the scenes and a little less serious than our other episodes, like taxes are so serious.
Speaker 1:You probably didn't learn anything you needed to know, but you might have learned some stuff that you thought was enjoyable.
Speaker 2:Maybe it's interesting, I don't know. Maybe this will be our worst episode ever.
Speaker 1:Four downloads, yeah, and it's just our phones, and it's just our phones.
Speaker 2:And our iPads. It's just us All, right. Well, until next time in our next helpful episode. Thank you so much for listening to what your CPA Wants you To Know. Podcast.
Speaker 1:This podcast is intended to provide accounting and tax information for educational purposes only. All tax situations are unique and should be handled with the assistance of a tax professional.