Consultants and Money

"To help people ignite their second wind, and to confront midlife transitions with meaning and adventure." Olympic gold medalist, author, performance coach, resident-of-Spain, and mid-lifer, Joe and I connect some of the dots between midlife transitions, spiritual components, financial preparedness, how to "do the work" and (maybe more importantly), how to let go! As he shared his personal story,...

Can ChatGPT save your business money? Can ChatGPT make the hours you work more profitable? How can we as business owners leverage the power of AI to make our services more fluid, and our processes more time-efficient? Tune in to today's episode where I answer these burning questions...and more. And I'll provide some inspiration for not only how to use it in your business...but why ! (Using ChaGPT,...

Last week I shared pat 1 of a happy hour conversation that my husband and fellow CPA, Ben Goode, and I had about retirement. If you haven't already, you can catch that episode here. Today we're wrapping up our conversation and talking through... Social Security - will it be here when I'm ready to retire? Updates about Congress' new law, the SECURE Act 2.0 (and what it means for you) How college sa...

In episode 12, I had a casual conversation with fellow CPA, and my hubby, Ben Goode about Top Idaho Breweries and Tax Write-Offs Today's episode is part 1 of another "Happy Hour" conversation, where we're talking about retirement plans (ours and things you might want to think of, too) and sharing our thoughts on these topics: Can you save too much for retirement? Retirement savings for W-2 earners...

Happy Tax Day! This is your friendly reminder that if you haven't already, today's the day our taxes are due. And if you've filed an extension - no shame in that, either - you still have to pay Uncle Sam if you owe them anything. So there's that :-( But to help take the sting out of the day, check out some of the Tax Day deals I found! How does a no-cost cookie, discount chicken meal, or free hydr...

There are good surprises…and bad ones. Bad ones can happen when you haven't been on top of your quarterly estimated tax payments. So today that's what I'm talking about, and how you can prevent a bad surprise. I'll explain: What exactly are estimated payments, When quarterly estimated payments are actually due (take notes, 'cause they are not exactly quarterly), Who this applies to and how to figu...

Get me in your inbox Tax season is almost here, which means one of two things: You're all ready to file and pay and move on with life, or... You're all ready to file an extension and keep working on getting your "tax act" together Either way, the bottom line of today's episode is something we all need to know. I'll be talking about: How a tax extension is defined by the IRS How penalties work: how...

As a bookend to episode 24 , where I talked about an agency business model, today I interview Jonathan Stark and Rochelle Moulton, co-hosts of "The Business of Authority" podcast. We discuss how you can still scale up your business using a soloist or solo consultant model, including: The business of scaling up and creating leverage without the agency model How to get past being paid per hour (crea...

Everyone has a "trailhead" at the start of their business. There are many business models to choose from, but when you're first starting out, you often don't have a clear vision of what your business will look like in 5 years… Eventually, if you want to meet goals and continue to grow your business, you'll need to know how you will move forward. Only you know what business model fits your goals an...

Bonus episode on the happenings and collapse of Silicon Valley Bank and what best practices we can take away, even if you weren't directly impacted by the collapse.

Get on the email list I'm responding to a few questions that I've received in my DMs and email from clients and listeners. Maybe one of them is yours! (And if it isn't and you DO have a burning question, please send it along and I may answer it in a future episode.) Questions answered: 1 - "How do you file taxes when you just start a business and have minimam profit? Can I still file with my spous...

Today I'm sharing the short-but-sweet answer to a question that is on EVERY new business owner's mind: " How do I pay myself? " It's really not a complicated answer, but here it is: How you pay yourself from your business depends on how your business is structured (legally) and taxed (by the IRS) I'll talk through: How to take an owner distribution How frequently I recommend paying yourself Paying...

Are you planning to add an online membership program to your business in 2023? Some entrepreneurs see a membership as a way out of done-for-you service work. And many business owners are under the impression that memberships are easy to launch and scale, but they don't always turn out to be the easy money-makers they seem to be. You CAN scale your service-based business without memberships, or oth...

**MAIL BAG LINK** Have a question about business money, taxes or QuickBooks?  I want to hear them.  I'm doing an upcoming "Mail Bag" episode where I will answer your questions. Here's the link to my "Mail Bag"   - submit a question for me to answer on the Podcast.  Remember, no question is "little" or "silly".  And if you're still nervous, I'm happy to keep them anonymous.   Oftentimes service-bas...

Business coach, Erin Harrigan and I recently met for a planning strategy session, and she shares not only how she approached cash flow planning and paying herself before we'd met, but more importantly, what changed after our session. If you think a strategy session may help you , you're in luck! I've opened up my waiting list and will be filling up my calendar starting this April. Get on the waitl...

Ever heard of the term "S-corp"?  No clue what it means?  No?  Perfect - you're in the right place. In today's episode, we're talking all about S-corp basics. This is for the business owner who has less than $100K in revenue and has heard the term but has no clue what it means. Or just someone wondering if they should be an S-corp. ( Spoiler alert: you'll know by the end of this episode! ) We'll b...

Today we're hitting tax basics at a really high, 30,000 ft view level.  A level that that anyone can understand. I'm not saying you have to actually do your own taxes after this (I trust that it's probably not your favorite thing), but you can at least feel confident in talking about it and thinking through it for your business. In this episode, I will explain the basic flow of your business taxes...

I recently received an ad for grill brushes.  It brought back some memories about a story I'd heard years ago... Which got me thinking about my business - and yours. Your takeaway in this short-but-sweet episode: Whether you sell a product or a service, think about your customer and what they are actually buying when they work with you. It may change the way you look at not only what you do, but h...

I'm sharing a bit more about your personal money than your business in today's episode. (But hey, if you can spend a little less in your personal life…that means you don't have to work as hard to make more in your business, right?) This is a legit process that I use and have used with my own family to save money when we travel. Enter the free Companion Pass on Southwest Airlines! (And if you're st...

Indeed there is no one way or "right" way to go from corporate to entrepreneurship. In today's episode, I interview Karen Laos and we compare notes about our own journeys. If you're on the fence, or ready to jump, into being your own coach or consultant, this is THE episode to listen to. Karen Laos , a communication expert and confidence cultivator, leverages 25+ years in the boardroom and speakin...

NEWS FLASH! There was a 1099 law change on Dec 23rd ( after I recorded the original Episode 16 that dropped today). First, listen to Episode 16 Then, listen to this bonus to find out: What the law change was What it means for coaches and consultants filing 1099s in January 2023   Connect with Erica: Instagram @erica.goode.cpa  LinkedIn: Erica Goode, CPA Newsletter sign-up : https://www.ericagoode....

Happy New Year and "welcome back" to business... This is an intense, but necessary episode. Inside I cover: What is a 1099? Who you need to send a 1099 to and who you don't? How do you send a 1099? What to do when you receive a 1099? It's a lot, so save this episode, go back and listen to it - but don't ignore your 1099s   ***FREE Tax Deduction Guide*** Don't forget to download my free guide calle...

Hey, I have to pay taxes...you have to pay taxes...we all have to pay taxes! But don't pay more than you have to! Take a listen to episode 13 for what you can't deduct...but listen in to see what you CAN deduct this Christmas! I'm soo happy to share this with you!   ***FREE Tax Deduction Guide*** Don't forget to download my free guide called 6 Don't-Miss Tax Deductions for Coaches .  There's a sim...

I've never been a big fan of reading, but once I found the genre that caught my interest, I was hooked. So grab a cup of something that warms you up, get comfy by the fire, and listen as I share my "top 3" business book titles, and why! #1 - The Psychology of Money by Morgan Housel #2 - Miss Independent by Nicole Lapin #3 - Rejection Proof: How I Beat Fear and Became Invincible by Jia Jiang Bonus...

Here's a list of things I see lots of coaches or consultants try to deduct on their taxes.  Check yourself, or better - check with your accountant - before you write these off. I may get some pushback on this, but, friends, trust me, the IRS won't like it ;-) Listen to my list of 3 and feel free to let me know your thoughts. And definitely stick around to the end where I explain a mileage deductio...