Lets Get Fiscal

EP27 - Business vs Hobby: What the IRS Actually Looks For in Creative Businesses Every creative professional reaches a moment when their passion project starts generating income—but does that automatically make it a business? Not according to the IRS. The distinction between a hobby and a legitimate business isn't just a technicality; it determines whether you can deduct expenses, claim losses, an...

Understanding Your Financials: What to Look For and What to Ask Your Bookkeeper Your financials are telling a story. The question is whether it’s the right one. Understanding your financials is one of the most important skills a business owner can develop, yet it’s also one of the most overlooked. Many entrepreneurs assume their profit and loss statement and balance sheet are just paperwork for ta...

Protecting Your Personal Information as a Business Owner: What’s Public and How a Registered Agent Can Help Starting a business is exciting, but most entrepreneurs don’t realize one critical detail until it’s too late: your personal information as a business owner can become public record . In this episode of Let’s Get Fiscal , Anastasia Aiello and Myiesha Fisher break down exactly what personal i...

Tax Extensions and Superseded Returns: The Strategic Tools Most Entrepreneurs Miss Tax extensions can feel like admitting defeat—a sign you're behind, disorganized, or inviting IRS scrutiny. But the truth is far different: filing a tax extension is a strategic decision that can save you thousands in penalties, give you time for accuracy, and even unlock special tax-saving opportunities most people...

The New 1099-K Rules Explained: What Creators Need to Know to Stay Compliant The 1099-K rules have officially changed again, and while the feared $600 reporting threshold is gone, confusion is still everywhere. Creators, freelancers, and small business owners are left wondering whether Venmo, PayPal, Stripe, Shopify, or Airbnb income will trigger IRS scrutiny—and what they’re supposed to do next....

Mastering the Home Office Deduction: Key Rules and Common Pitfalls In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coterie Tax, the focus is on understanding the home office deduction. The hosts explain what qualifies as a home office, common mistakes that trigger IRS audits, and how to accurately calculate the deduction. They emphasize the importance of the work...

Maximizing Tax Savings through Smart Depreciation Strategies In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle of Coterie Tax, the focus is on understanding depreciation and its impact on tax savings for creative business owners. The hosts explain different methods of depreciation, including safe harbor elections, Section 179, and bonus depreciation, and how these can a...

EP20 - The Great S Corp Clean-Up: 5 Things To Fix Before Filing Essential S Corporation Cleanup Tasks for Tax Season Success In this episode of Let's Get Fiscal, hosted by Anastasia Aiello and Myiesha Fisher from Coterie Tax, the focus is on the critical cleanup items every S Corporation owner needs to address before filing taxes. They discuss the five key areas that can cause major delays and com...

EP19 - Countdown To Filing - Year End Tech and Tax Prep For Creatives Essential Tech Tools for Creative Business Tax Efficiency In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coie Tax, the focus is on the essential tech tools every creative business owner needs for an efficient tax season. They discuss the importance of evaluating and managing subscriptions, acc...

EP18 - Family Payroll How to Hire Your Kids (and Stay Legal) Hiring Your Kids and Smart Income Shifting Strategies In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coterie Tax, the focus is on the benefits and legalities of hiring your children through your business to optimize tax planning. The hosts delve into the necessity of giving your kids a real job with ap...

In this episode of 'Let's Get Fiscal,' hosts Anastasia Myiesha and Danielle from Coterie Tax delve into the complexities and potential pitfalls of S Corporations. They discuss common issues like confirming your S Corp status, dealing with payroll requirements, separating personal and business expenses, and ensuring equal treatment of shareholders. They also provide actionable advice on how to navi...

Understanding Tax Brackets & Effective Tax Strategies – Let's Get Fiscal! In this episode of Let's Get Fiscal, hosted by Myiesha and Anastasia from Coterie Tax, the duo demystifies the complex topic of how taxes are calculated. They clarify the difference between marginal and effective tax rates and explore end-of-year strategies to optimize tax savings, ensuring that every extra dollar earned...

How to Maximize Your Charitable Giving with Donor-Advised Funds In this episode of Let's Get Fiscal, hosts Anastasia and Isha spotlight donor-advised funds (DAFs) as a powerful tax strategy to enhance your charitable contributions. They explain how bundling several years' worth of donations into a DAF allows you to surpass the standard deduction and receive a larger tax benefit, thus amplifying th...

Decoding Sales Taxes for Creative Professionals In this episode of Let's Get Fiscal, hosted by Aisha and Anastasia from the women-led team at Coie Tax, the focus is on understanding sales taxes for creative professionals. Topics covered include the necessity of sales tax permits for events like weekend popups, distinctions between physical and economic nexus when shipping products across state lin...

Understanding How to Pay Yourself: From Salary to Distributions In this episode of the Let's Get Fiscal podcast, hosts Myiesha and Anastasia from Coterie Tax discuss the various ways business owners can take money out of their business. They cover topics such as salary, owner draws, dividends, distributions, and guaranteed payments, and explain the importance of doing it correctly to avoid penalti...

EP12 - The April 15th Tax Myth - Quarterly Payment Hacks for Photographers & Creative Businesses Decoding Tax Due Dates and Payment Strategies for Creative Businesses In this episode of Let's Get Fiscal, hosts Anastasia Maisha and Danielle from Coterie Tax debunk the myth that taxes are solely due on April 15th. They explain the complexities of tax payments, highlighting the importance of quar...

Let’s Get Fiscal Podcast EP11 - Are You Overlooking City Business Taxes That Could Cost You Thousands Discover the Exemptions You Might Be Missing Understanding Your City Business Taxes: Compliance for Creative Entrepreneurs In this episode of Let's Get Fiscal, hosts Anastasia Maisha and Danielle from Coterie Tax discuss the often-overlooked aspect of city business taxes aimed at creative business...

EP10 - Can You Really Turn State Taxes Into a Federal Deduction Unlock the Pass-Through Entity Tax Loophole Navigating Pass-Through Entity Taxes for Creative Businesses In this episode of Let's Get Fiscal, hosts Anastasia Maisha and Danielle discuss the intricacies of pass-through entity taxes. They explain how these taxes work, the benefits of using them to deduct state income taxes on federal re...

EP09 - How a Filmmaker's $400,000 Gain Was Almost a Financial Disaster The $400,000 Mistake: Avoid Costly Tax Errors with the Right Business Structure In this episode of "Let's Get Fiscal," hosts Anastasia Maisha and Danielle of Coterie Tax explore a real-life case study of a filmmaker who made $400,000 but lost a significant amount to taxes due to improper business structuring. They discuss the i...

Leveraging Tax Credits to Attract Film Investors In this episode of 'Let's Get Fiscal,' hosted by Anastasia Myiesha and Danielle from Coterie Tax, the focus is on how filmmakers can utilize tax strategies to make their projects more attractive to investors. The discussion covers various state film tax credits, with a deep dive into how Georgia's tax credit system can benefit film productions. They...

EP07 - Are You Ready for the 2025 Tax Overhaul? Learn How to Optimize Your Finances Now In the premiere episode of Let's Get Fiscal, hosts Anastasia and Myiesha from Coterie Tax explain the significant tax changes in Washington's latest bill, the Big Beautiful Bill Act of 2025. They dive into crucial updates such as the return of 100% bonus depreciation, enhancements to state and local income tax...

Let's Get Fiscal – EP09 - Avoiding Costly Contractor vs Employee Misclassifications In this episode of Let's Get Fiscal, hosted by Anastasia Myiesha and Danielle from Coterie Tax, listeners are advised on the financial implications and legal risks of misclassifying workers as contractors instead of employees. The hosts break down the criteria that differentiate an employee from a contractor, highl...

Navigating Business Write-Offs: Essential Tax Tips for Filmmakers 🎙 Let’s Get Fiscal – Episode 6 Hosted by Anastasia, Myiesha & Danielle | Coterie Tax and Advisory From buying gear to claiming your home office—what really counts as a write-off? In this episode of Let’s Get Fiscal , the ladies of Coterie Tax break down what filmmakers and creatives can actually deduct from their taxes—without g...

🎙 Let’s Get Fiscal – EP04 - Most Creatives Are Asking the Wrong Financial Questions—Here’s What the Smart Ones Do Instead Hosted by Anastasia & Myiesha | Coterie Tax and Advisory Running a creative business? Knowing the difference between a bookkeeper, CPA, tax preparer, and strategist can make or break your financial success. In this episode of Let’s Get Fiscal , Anastasia and Myiesha unpack...

Unlocking Tax Savings with Short-Term Rental Strategies 🎙 Let’s Get Fiscal – Episode 5 Hosted by Anastasia, Myiesha & Danielle | Coterie Tax and Advisory Thinking about turning your Airbnb side hustle into a real tax-saving strategy? In this episode of Let’s Get Fiscal , the Coterie Tax team breaks down the short-term rental “loophole”—and why it’s not a loophole at all, but a powerful IRS-app...