Beyond the Receipts (Small Business Tax & Finances)

This week on ‘Beyond the Receipts’, we’ll cover the four key deductions that are often misunderstood or misused by small business owners: home office deduction, meals and entertainment deduction, vehicle deduction, and travel expenses. In this episode, we don't just scratch the surface – we unearth the challenges faced by small business owners in the quest for accurate deductions and provide g...

This week, we dive into the often-dreaded topic of IRS audits – the kind of conversation that doesn't usually make it to the top of anyone's "favorites" list. But fear not, because this episode is your secret weapon, loaded with valuable insights and proactive strategies tailor-made for us business owners. We’ll talk about some practical advice on prevention and readiness, from a...

Get ready to tackle the year-end with confidence! In this episode, I'm here to guide you on preparing for a successful year-end. I'll walk you through crucial aspects of financial management, from handpicking the perfect tax professional to forging a comfortable and efficient working partnership. We'll also dive into decoding the significance of year-end dates and unlocking the power o...

This episode of "Beyond the Receipts" (Small Business Tax & Finances) is all about a topic that's about to sizzle in a few months, and we're here to provide you with a two-month head start for the sizzle-fest. We're talking about the nitty-gritty of reporting payments to independent contractors or navigating the labyrinth of the 1099-NEC (Nonemployee Compensation) form. Y...

Join us in this episode of the Beyond the Receipts podcast as we discuss the different types of business entities you may be considering for your business.  We’re pulling back the curtain on some of the key legal and tax implications of each structure that sometimes advisors don't always take the time to explain clearly. The truth is most entrepreneurs have confusion on how to choose between r...

Scenario ... You filed an individual tax extension back in April and you forgot about it until you got that call or email from your tax preparer reminding you the October 16th deadline is coming up!  What’s your next step going to be and are you ready to file!? If this scenario sounds like you and you’re stumped on what filing that tax extension really meant, let’s talk about it. Join us on the la...

In this episode of Beyond the Receipts, we're exploring the essential topic of paying yourself as a sole proprietor or single member LLC. I've seen all kinds of jacked up ways that business owners do to find a way to pay themselves from their business, and we want to set you up for success! We’ll talk about the importance of timing when paying yourself, ways to pay yourself properly, and t...

In this episode of Beyond the Receipts, we're diving into a crucial topic for entrepreneurs – ESTIMATED TAXES. Join me as we tackle the confusion around these payments, understand the Safe Harbor Rule, and discover smart strategies to stay on top of your taxes. Don't let estimated taxes catch you off guard – listen now to empower your business and stay compliant! Links: Follow The Tax Mind...

In this episode of Beyond the Receipts, we’ll discuss the journey of moving from part-time to full-time entrepreneurship. We talk about key financial steps to consider such as assessing stability, validating your business idea, and building a financial buffer. Whether making the decision to move now or later make sure to keep your "why" – your driving motivation – in mind, especially dur...

In this episode, I tackle the common issue of small business owners drowning in their financial data. I also stress the importance of consistent record-keeping throughout the year, not only for business management but also to ease the tax season crunch. Lastly, talk about some of the game-changing benefits of utilizing modern technology for financial management in the business. Links: Follow The T...

Welcome to Beyond the Receipts! I thought it would be fair as we're starting off this new podcast, to give listeners a little insight of why I selected the name, Beyond the Receipts. I also want to set the expectations so listeners can know what to expect as you join us on this journey to think beyond the receipts in your own business. Let's get started. Links: Follow The Tax Minded Bookke...

So you've always wanted to be an entrepreneur, but no one told you that tax and bookkeeping were going to be part of running your own business. Well, fear not. I'm Hope Brown, and this is Beyond the Receipts, a podcast for small business owners who are in the early stages of building their business but need a little help with the financial part. We'll be breaking down financial topics...