The Real Buzz

Eric and I would love to hear from you. Tell us what you think of the podcast. Are you aware of the looming tax bracket pitfalls that could surprise small business owners and individuals alike? I'm going to pull back the curtain on the complex world of personal taxes in light of the influential "big beautiful bill." We unpack how the Tax Cuts and Jobs Act (TCJA) has forever altered...

Eric and I would love to hear from you. Tell us what you think of the podcast. Can you afford to ignore the game-changing tax shifts coming your way? This episode Eric goes solo to break down the seismic changes introduced by the "Big Beautiful Bill" that could transform your small business's financial strategy. He dives into the end of electric vehicle tax credits, the allure of pe...

Eric and I would love to hear from you. Tell us what you think of the podcast. Does your business need a financial "diet"? Picture the days when families managed their budgets with physical cash, a practice that seems distant in today's cashless society. Join me as I share personal anecdotes about these nostalgic times and explore the challenges that emerge with the shift to digital...

Eric and I would love to hear from you. Tell us what you think of the podcast. Join me on a solo journey as I navigate the whirlwind of tax preparation during the busy season. I'll share my personal experiences with the challenges of hiring new tax preparers, drawing parallels to the unpredictability of home renovations. As we prepare to welcome new team members later in the year, I'll a...

Eric and I would love to hear from you. Tell us what you think of the podcast. Ever wondered why delaying your tax filings could cost you more than you think? Join us, Melissa and Eric, as we unfold the critical financial strategies every business owner must consider at the start of a new year. We'll guide you through the essential steps to optimize your finances, focusing on the importance o...

Eric and I would love to hear from you. Tell us what you think of the podcast. Can confusing expense categories sabotage your year-end tax preparation? On this episode of Real Buzz, join us, Melissa and Eric, as we unpack the critical year-end tax tips every business owner needs to know. We shine a light on the hidden dangers of vague bookkeeping categories like "Miscellaneous" and &quot...

Eric and I would love to hear from you. Tell us what you think of the podcast. Could an amended tax return save you thousands? Join us, Melissa and Eric, as we break down the essentials of filing an amended tax return in this episode of The Real Buzz. We cover the scenarios where amendments are not only beneficial but necessary—think unclaimed business expenses or missed major numbers. We tackle l...

Eric and I would love to hear from you. Tell us what you think of the podcast. Is your small business missing out on valuable tax savings? Discover how you can leverage S-Corporation (S-Corp) status to potentially save thousands, as we break down the tax advantages and strategic considerations for small businesses. Comparing S-Corps to sole proprietorships and partnerships, we reveal how S-Corps c...

Eric and I would love to hear from you. Tell us what you think of the podcast. Can flowers and fruit really cut down your tax bill? Join your hosts Melissa and Eric on the Real Buzz podcast as Melissa and Eric unravel their top 10 tax strategies specifically tailored for sole proprietors. We promise, tax talk doesn't have to be boring! From the ins and outs of fully deducting cell phone expen...

Eric and I would love to hear from you. Tell us what you think of the podcast. Join us as we sit down with the ever-charismatic Kelly Brothers, who not only regales us with tales of his switch from a TV news anchor to a financial advisor but also imparts his wealth of knowledge on wealth management. Kelly, a sage in the realm of financial planning with CAPTRUST, discusses the nitty-gritty of inves...

Eric and I would love to hear from you. Tell us what you think of the podcast. Ever stumbled upon a goldmine in your very own tax returns? Well, that’s exactly what happened to one of our clients, a real estate agent who was initially shortchanged by a whopping $22,000 in deductions. Join us as we unfold this eye-opening case study, divulging how meticulous reporting and strategic deductions can l...

Eric and I would love to hear from you. Tell us what you think of the podcast. Unlock the secrets of keeping your team happy and your business thriving with the wisdom we'll bring to the table today. We're pulling back the curtain on employee retention strategies and the tax benefits they can harvest. We're eager to share a case study, a real life example from an HVAC contractor&apo...

Eric and I would love to hear from you. Tell us what you think of the podcast. Ever found yourself tangled in a web of receipts and expense reports every month end? We've all been there, and it's exactly why we're suggesting something different for 2024. This episode is full of strategy gems for your business's financial health. We'll suggest effective bookkeeping systems,...

Eric and I would love to hear from you. Tell us what you think of the podcast. Ever felt like navigating the tax system is like trying to solve a Rubik's Cube in the dark? Join us, Melissa and Eric, as we shine a light on the tax labyrinth, helping you crack the code. This episode isn't just a run-of-the-mill tax talk; it's a treasure map to the gold mines of tax benefits for both i...

Eric and I would love to hear from you. Tell us what you think of the podcast. Listen and learn as  Melissa and Eric discuss the signs that demonstrate it’s time for you to find a new tax professional to do your taxes.  Do you know what to look for when you're not sure about your tax person? Do you know what questions to ask?  Are you a good client? Here are just some examples of what it is y...

Eric and I would love to hear from you. Tell us what you think of the podcast. On this episode Eric and Melissa answer questions from real prospective clients who called Busy Bee for tax advice (names and scenarios have been changed.) They break down two different scenarios and how they advise a client could reduce their tax liability.  Some of the highlights from the show include:  Set up a corpo...

Eric and I would love to hear from you. Tell us what you think of the podcast. In this episode, your hosts, Melissan and Eric Broughton,  give tax strategies that can save you money if you implement them before the end of the year. These aren’t “loopholes” and they aren’t “shady” practices, these are strategic methods that business owners have been using for decades. Some of the ideas in this epis...

Eric and I would love to hear from you. Tell us what you think of the podcast. Learn from Eric and Melissa as they share  the benefitsof hiring your children to work in the family business.  What can they do? For starters, they can file, they can shred, they can sweep, heck they can even star in your social media commercials! Done properly,  they can be paid thus reducing your taxes and building a...

Eric and I would love to hear from you. Tell us what you think of the podcast. You’ve heard the news, the federal government has authorized funding for 87,000 new I.R.S. agents to help with tax enforcement.  Are you panicked, angry, anxious?  Stop worrying and ignore the noise.  We break down what the new funding really means and how it could affect you or your business.  If you file your taxes co...

Eric and I would love to hear from you. Tell us what you think of the podcast. Join your hosts Melissa and Eric as they discuss  how to get financially prepared for cash flow and taxes before you start your business. One of the biggest mistakes new business owners make is they get started and then they talk to a tax professional after the year has ended only to find out they could have saved a ton...

Eric and I would love to hear from you. Tell us what you think of the podcast. Hear your hosts, Melissa and Eric, have a conversation about Realtors this week and how important it is for them to treat their job like they are running a business. Whether you are a new Realtor who expects to make a solid income in your first year or you are established and very successful, it is vital for tax savings...

Eric and I would love to hear from you. Tell us what you think of the podcast. There are a lot of tips and tricks to try and save money on taxes and in other ways with your small business, but maybe the most impactful, simple change you can make to your operation is to hire a bookkeeper. Monthly bookkeeping is invaluable, it can help you eliminate extra subscriptions, catch accidental charges or f...

Eric and I would love to hear from you. Tell us what you think of the podcast. Eric and Melissa talk about what it means to have a great accountant? Well, they shouldn’t be just a numbers or money person and they should meet with you more than once a year. A great accountant works with you year-round to figure out how to reduce your tax liability.  One simple way to boost employee morale and reduc...

Eric and I would love to hear from you. Tell us what you think of the podcast. On this episode Melissa and Eric talk about the importance of business owners drawing a salary rather than just taking large distribution at the end of the year. The IRS wants to make sure you are paying a reasonable amount of payroll taxes and so you are supposed to give yourself a “reasonable compensation” for your wo...

Eric and I would love to hear from you. Tell us what you think of the podcast. Listen and learn as Melissa and Eric sit down to talk about two topics that could help you save on taxes and make you a much more efficient business owner.  First they discuss the Augusta rule, what is it and how can you rent your own personal property to the business to save money on your taxes.  Second, they discuss t...