Tax and Accounting Ride Along

In this episode of the Tax and Accounting Ride Along Podcast, we’re breaking down one of the most commonly used—and often misunderstood—tax deductions available to self-employed individuals and small business owners: vehicle expense deductions. If you use your vehicle for business purposes, you may be eligible to deduct a portion of your vehicle costs from your taxable income. But determining whic...

In today’s episode of the Tax and Accounting Ride Along Podcast, we’re diving into one of the most frustrating realities taxpayers face when dealing with the IRS—penalties and interest that seem to keep growing long after the original tax balance was due. For many taxpayers, the experience can feel like being stuck in a never-ending spin cycle. Just when you think you’ve reached the end of the cyc...

In this episode of the Tax and Accounting Ride Along Podcast, we’re tackling a costly myth that continues to trip up taxpayers year after year: Are all early Roth IRA distributions taxable? 🚨 If you’ve ever been told that withdrawing money from your Roth IRA before age 59½ automatically means taxes and penalties, you are not alone. Unfortunately, that advice is often incomplete—or flat out wrong....

Are you searching for the best CPA near me in Atlanta, Georgia? In this powerful episode of the Tax and Accounting Ride Along Podcast, we break down exactly how to find the right Certified Public Accountant for your small business—and why working with a skilled CPA is one of the most strategic decisions you can make. This week’s discussion goes beyond a simple checklist. Yes, we cover how to evalu...

Somewhere along the way, a dangerous narrative took hold: that tax preparation is nothing more than low-value data entry. In this episode of Tax and Accounting Ride Along , I’m calling that idea exactly what it is—misinformed, inexperienced, and disconnected from how taxes actually work in the real world. Yes, a basic W-2-only return might resemble data entry. But the moment a business is involved...

In this episode of the Tax and Accounting Ride Along Podcast, we’re breaking down the fundamentals every real estate investor and property owner needs to know about real estate accounting and tax management. Whether you own a single rental or a growing portfolio, understanding the numbers behind your properties is essential to maximizing profits and staying compliant with the IRS. 🏘️💼 Real estate...

In this episode of the Tax and Accounting Ride Along Podcast, we’re breaking down one of the most common—and most misunderstood—topics in small business taxation: how LLCs are taxed. If you own an LLC (or are thinking about forming one), this episode is a must-listen. 🚗🎧 LLCs are incredibly popular because of their flexibility, but that flexibility also creates confusion—especially when it comes...

In this episode of the Tax and Accounting Ride Along Podcast, we’re breaking down one of the most common — and costly — misunderstandings in small business accounting: owner’s draws and member’s draws are not deductible business expenses. 🚨 If you’re a sole proprietor, single-member LLC owner, or part of a multi-member LLC, chances are you’ve taken money out of your business at some point. But ar...

In this episode of the Tax and Accounting Ride Along Podcast, we’re diving into one of the most powerful—and often misunderstood—tools in tax planning: Net Operating Losses (NOLs). Whether you’re a business owner coming off a tough year or a tax professional advising clients, understanding how NOLs work can make a major difference in managing tax liability and cash flow. 📊 A Net Operating Loss oc...

Welcome back to the Tax and Accounting Ride Along Podcast! In today’s episode, we’re diving into one of the most underrated secrets to a smooth, stress-free tax season: well-prepared, clean financial statements. Whether you’re a small business owner, freelancer, or advisor helping clients keep their books in order, clean financials can completely transform your tax-time experience. Most people don...

In this episode, we're uncovering the secrets to paying zero taxes on over $100,000 of income, even if you earn W2 wages and generate long-term portfolio income from mutual funds and investments. 💡 If you’ve ever wondered how to minimize your tax liability despite earning a significant income, you’re in the right place. Combining W2 income with long-term capital gains can create a unique tax situ...

Welcome back to another episode of the Tax and Accounting Ride Along Podcast! In today’s episode, we’re breaking down the battle of the retirement plans: Solo 401K vs SEP-IRA. If you're a small business owner, freelancer, or self-employed, choosing the right retirement plan can save you thousands in taxes and set you up for a secure future. But which one should you pick? We’ll explain the key diff...

Welcome back to Tax and Accounting Ride Along!- your go-to dose of straight-talking tax and accounting insights for small businesses and the everyday taxpayer in the general public! In this episode, we dive into a subject that affects families, heirs, and future generations alike: understanding estate taxes—specifically the difference between estate income tax and the estate tax itself. These two...

In today’s episode, we’re taking a closer look into one of the most misunderstood IRS tax relief programs: the Fresh Start Program and its key component, the Offer in Compromise (OIC). If you’ve ever found yourself overwhelmed by IRS debt or wondering if there’s a way out, this episode is for you. 🌟 The Fresh Start Program was introduced to help struggling taxpayers resolve their debts with the I...

Welcome to another ride on the Tax and Accounting Ride Along Podcast! In today’s episode, we’re tackling an important, yet often overlooked issue: unclaimed tax refunds. Did you know that the IRS reports over $1.5 billion in unclaimed refunds each year? And that number is only growing. If you’ve filed your taxes in the past but haven’t received a refund—or haven’t filed in a while—you could be lea...

Welcome to the first ride of Tax and Accounting Ride Along! In this episode, we’re diving into one of the most confusing — and most important — parts of managing your money: quarterly estimated tax payments. Whether you’re a small business owner, freelancer, or side hustler, understanding how to handle your estimated taxes is key to avoiding IRS penalties and unexpected tax bills. We’ll break it a...