What Your CPA Wants You to Know

Send a text Help, I need somebody! Help! Are you ready to hire someone to help you in your business? In this episode we discuss what options you have when you are considering hiring help and the pros and cons of each.  We also explain what you need to do when you are ready to pull the trigger!  That includes what forms need to be filed, what your responsibilities are as a business owner, and what...

Send a text Many new business owners struggle through the paperwork when starting a new business because it can be so confusing!  You want to make sure to set up everything correctly in the beginning and educate yourself on all of the filings, responsibilities, and due dates for business owners too. In this episode we explain the steps everyone needs to start a business in an easy and organized wa...

Send a text Are you filing an S Corp or Partnership tax return?  This podcast episode is a MUST listen! We explain what the information on your business tax return means, when taxes are due for the business and business owner, and how taxes are paid for these businesses. If you own one of these entities and do not understand how it works, do yourself a favor and listen to this podcast episode to e...

Send a text Did you know that the IRS considers influencers, freelancers, and content creators self-employed?  What exactly does that mean and most importantly what does that mean for your taxes if you are now receiving 1099 income? Here's what you need to know if you receive a 1099-NEC for freelancing or any kind of contract work and how it changes your tax situation! This episode explains h...

Send a text If you are starting a new business, this question always pops up.  Will you file as an LLC?  What is an LLC and do you need one?  What does that mean for your taxes and other filings? In this episode we discuss all the LLC details you need to make the best decision for your business and give you the details you SHOULD know if you have an LLC! Support the show Create a STAN Store - Clic...

Send a text Can I fully deduct my car purchase on my tax return?  That's the number one question we get during tax season from business owners.  The answer is MAYBE. There is a lot to know about this complicated tax deduction if you are thinking of using it.  Learn everything you never wanted to know about the IRS' rules on bonus depreciation, Section 179, and fixed asset purchases. AND...

Send a text A quick bonus episode to explain the correct way to pay yourself out of your business. This question has popped up many times this week so we wanted to get this episode out there for others with the same question.  What other questions do you have that you'd like to hear us answer?  Follow us on Instagram and shoot us a DM with any questions you have! Support the show Create a STA...

Send a text Every business owner must choose a tax entity to let the IRS know how the income from the business will be TAXED.  No its not a super sexy topic, but is is VERY important to know and understand tax entities if you own a business or if you are thinking of starting one! In this episode we dive into the four tax entities and the difference between them.  We explain how they are taxed and...

Send a text It is tax time again! While you are gathering tax documents to file your 2022 tax return, here's what your CPA wants you to know about due dates, organizing documents, receipts, and more! Also, do you even need a CPA to do your tax return?  When is it beneficial?  When is it okay to DIY? What may trigger an audit?  How do you file an extension if you need it? This episode is packe...

Send a text It's January, which means there are a lot of things for business owners to do and check off their list.  One of those is filing 1099s by January 31st. In this quick bonus episode we discuss who needs a 1099, when you are required to file one, and how to file a 1099.  A great episode if you aren't sure what needs to be file or one to refer back to later when you first hire som...

Send a text There are SO many things to do and check off your list when you start a business!  You need to create a website, social media account, business cards, logo... So many things!   Don't forget about one VERY important part of your business, the accounting and paperwork component of your business.  That part is so important and many business owners fail to prioritize that part of thei...

Send a text In this episode we discuss how business owners can pay their children from their business and reduce their taxes!  It sounds too good to be true, but is it? Of course nothing is ever that simple with the IRS and tax laws are complicated. So we break down all the details for you in this episode and explain how you can take advantage of this common tax strategy. Support the show Create a...

Send a text Welcome to What Your CPA Wants You to Know Podcast! We share our story of how we started our business, why we started our business, and what we have learned being entrepreneurs the past six years.  We run our business with our family priorities in mind so we can keep our family time at the top of the list like it should be!  In this episode we talk about how we went from hating our job...

Send a text Hello! A podcast for business owners by a CPA and MBA who know all about running a business, because we've done it for the past 6 years!  We share crucial tax advice, important tax laws for business owners, how to grow at a pace that doesn't create burnout, and SO. MUCH. MORE.  Want to know what it's like having a CPA in your back pocket?  Follow along for practical advi...