Blood, Sweat & Business

What is workers’ comp and why does it matter? The guys at Kaizen Risk Management delve into the importance of workers' compensation, covering its significance in protecting employees from job-related injuries and illnesses, as well as safeguarding businesses from lawsuits. We discuss the core principles of workers' comp, state-specific regulations, coverage tiers, and cost factors associ...

Have you maximized your Roth IRA? You may be surprised to know there is another way to set aside funds, a backdoor Roth IRA. On Kaizen Time we discuss the income limitations for 2023 and the steps to set up a backdoor Roth IRA. We also highlight the pitfalls and situations where it may not be the best option. Who knows, with this advice you may find yourself retiring early!  Subscribe for more val...

In this episode of the Kaizen Time segment of the Blood, Sweat, and Business podcast, we delve into the importance of risk management for businesses. Our hosts from Kaizen Risk Management break down the services they provide - offering more than just insurance but a tailored, comprehensive approach to financial protection. They explain the process of customizing coverage based on a business's...

On Kaizen Time we discuss the importance of finding the right software for specific auto repair shop’s needs. We cover functions such as shop management, accounting, document reporting, and payroll. We touch upon the benefits of using SAS-based solutions and the availability of other software tools like digital vehicle inspection software. Expect to gain insights into the importance of selecting s...

Technology is a game changer, and it is changing faster than ever. On this episode with chat with Matt (Founder) and Danny Carlson (CEO) of Platinum Systems and delve into the journey of two entrepreneurs who started their venture as teenagers. They discuss their experience in the dynamic world of IT, revealing how they have adapted to changing technologies over the years. The conversation explore...

Are you looking to create a budget for your small business that supports growth throughout the year? Learn the importance of budgeting revenue, classifying expenses as fixed or variable, and adjusting based on changes in the business. We touch on the significance of setting goals and continuously improving the budgeting process. Make 2024 the year were your budget drives your financial decisions....

Have you checked the pulse on your small business? If you went into the bank TODAY and asked for a loan would they offer you one? This week on Kaizen Time we break down financial statements and loans to put you in a strong position. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #...

In this episode of Kaizen Time, we to discuss how to get started with artificial intelligence (AI) in small businesses. We share our personal experiences with AI and provide insights into utilizing AI for tasks like writing emails, drafting legal agreements, and analyzing financial documents. Most importantly we discuss different AI platforms and the importance of feeding accurate information into...

Today we discuss how to set realistic and achievable goals for 2024 as well as the importance of setting specific, measurable, achievable, realistic, and time-sensitive (SMART) goals. We also go over the benefits of removing hats and delegating tasks allowing business owners to run their business. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors:...

In this episode of the Blood, Sweat, and Business podcast, business owners get to hear from Andrew Parrish of Alternative Tax Solutions. The conversation kicks off with an in-depth look at cost segregation and its benefits for property owners. Andrew then unfolds the considerations and potential benefits of Research & Development Tax Credits, debunking the common perception that they are solel...

Starting January of 2024, Illinois has passed a new act changing how PTO is accrued. This change to paid time off has big implications for small business owners and employees, alike. Under the new act, the majority of employees in Illinois can now look forward to enjoying a minimum of one week of paid leave. However, it's important to note that eligibility for this benefit is not guaranteed,...

Why should you care about Pass Through Entity Taxation? To put it simply this minor change could be bringing in an extra $10,000 in tax savings every year at no cost to you. In this episode we break down what Pass Through Entity Taxation is and how you can use it to benefit your small business. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: ht...

On Kaizen Time we discuss the key trends that any small business can expect to deal with in 2024. We go into detail about the risks and rewards of each as well as why they need to be on your radar. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #Finan...

Are you planning to sell your small business soon? In this episode we discuss how selling your business for a profit should be done years in advance. Learn best practices and gaping pitfalls in the sell processes so you can have a happy retirement. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@...

This week on Blood, Sweat & Business we talk with Al Oramas. We discuss how he made the transition from working on cars to growing his automotive repair business. Al talks about how his business exploded when he made the transition from working on cars and into working on his business. Al Oramas at Pro Auto Care: https://proauto1.com/ Kaizen CPAs + Advisors: https://www.kaizencpas.com/ Kaizen...

Join us as we discuss tips and strategies to increase sales and revenue for small businesses. We'll explore how setting growth goals, understanding past performance, and implementing effective pricing and marketing strategies can help businesses achieve long-term success. Tune in to gain valuable insights and practical advice on enhancing your business's financial performance. Subscribe...

Is the legal structure for your business the right one today? What about next year? We break down the implications of each legal structure to help you decide what is best for you. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   #small business 🎙️ Kaizen Time is part of the Blood,...

Technology is driving changes in every industry and not everyone is able to keep up. How can you tell if your CPA is the right one to direct your company's future? Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   #small business 🎙️ Kaizen Time is part of the Blood, Sweat &amp...

The year draws to a close and with comes the stress of trying to wrap up everything for your small business along with the Christmas presents. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   #SmallBusiness #TaxSeasonTips #FinancialPlanning 🎙️ Kaizen Time is part of the Blood, Swe...

FinCEN (Financial Crimes Enforcement Network) now requires BOI (Beneficial Ownership Information) to be reported in 2024 to crack down on money laundering. In this episode we talk about everything related to this law and how to make sure you aren't fined. More information can be found at... https://www.fincen.gov/boi Subscribe for more valuable insights to help your small business thrive. 💼...

Building a solid relationship is easier than you think. Keeping in touch on a regular basis can create massive savings for future. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   🎙️ Kaizen Time is part of the Blood, Sweat & Business podcast series by Kaizen CPAs + Advisors. W...

Meet Scott DeMuth the President of g2 revolution an engineer who found a way to turn recycling into a sprawling business. Join us and see how transparency and hard work separate this recycling company from the everyday company that makes your recycling disappear. g2 revolution: https://www.g2rev.com/ Kaizen CPAs + Advisors: https://www.kaizencpas.com/ Are you interested in being a guest on our pod...

Depreciation is a powerful and often overlooked tool that can be added to your tax strategy. Implement depreciation early so gain most flexibility so you are not stuck trying to put new equipment in operation days before the end of the year. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizenc...

An end of the year bonus is a great way to reward your employees while developing a tax strategy. We discuss the options small business have as they move into next year. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   🎙️ Kaizen Time is part of the Blood, Sweat & Business podc...

Not all debt is bad, infact debt can be a powerful tool that small businesses can utilize to grow. In this episode we discuss way to avoid the bad debt and find find good debt. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com   🎙️ Kaizen Time is part of the Blood, Sweat & Busine...