There's a comprehensive IRS manual for guiding employers on the classification of employees versus independent contractors. If you don't know this regulatory mountain of legal classifications, rules, and tax liabilities for employees vs. independent contractors, it can be a whole mess of trouble for you and your company. In this episode, Cadie and Karen explain the ins and outs, confusion, myths, laws, regulations, and filing the proper paperwork of this incredibly common business issue.

Karen and Cadie talk with Monica Wiggins, a HUD Certified Housing and Credit Counselor, with Lifelines Counseling Services about their new Small Business Owners Coaching Program that can help you untangle some of these common small business issues. Monica explains how the program works, how to enroll, who qualifies, and how this program can untangle the mess some have with their business and personal finances.

This episode is packed with laughs, tears, and some big ole' life and biz lessons. Cadie gets very personal with Karen as she candidly fills us all in on some important news about her business KCS Accounting & Tax, the future, and the Cheers to Business. Do not miss this episode.

Karen and Cadie share one of the easiest ways to get a finally get a firm grasp on the running of your business, knowing the cost of goods sold, identifying your profit margins, or determining how much to charge for your products and services: finding and using the right accounting/bookkeeping software.

Karen and Cadie talk about when and how to get out of your business. Do you want to retire? Do you want to sell it? Six considerations need to be addressed for this big business and life decision. Do you have an exit plan? Have you talked to your partner(s) or family about an exit plan? Karen and Cadie share some personal info and real-world examples of what needs to be done to plan for any decisions to sell your business.

Cadie enlightens us on the importance and benefits of outsourcing your company’s payroll services. She and Karen walk us through what to look for in a reputable payroll processing service, what questions to ask them, and how to get the most out of a payroll company once you have hired the right one. So, join the Cheers ladies as they give you a roadmap for streamlining and strengthening your business by helping you find your “best fit” payroll provider. This episode is sponsored by payrollvault.com

Karen and Cadie talk interns and improving your company's internship program. What are the pros and cons of hiring them? What legal and compensation issues to watch out for? Do you pay them, or do you not pay them? What you need to do to get the most out of your interns. A properly structured internship program that incorporates clear expectations, accountability and purpose can create a rewarding educational opportunity for the student and the company providing the experience.

Cadie relinquishes the Cheers To Biz mic to Karen, and she explains why she wants to be in the highest tax bracket, doesn't want to be able to itemize, and why (and when) you might want to pay more taxes too. The tax that you pay is the proof that you and your company are profitable entities and shows the equity in your company. That proof allows you the means to be able to finance any expansion, plan, or venture to grow your business.

In this episode, Karen and Cadie talk with Rhen Bartlett, the COO of Irby Homebuyers and a locally known student of leadership, and guru for building a sales team. Rhen shares his insights on best practices for hiring, training, motivating, and maintaining a highly effective and productive team. Plus, Rhen lays out the Irby team building standards and processes, how he improves his own leadership skills, handling employee turnover, and putting everyone in the right seats.

Karen and Cadie talk with Abe and Carl Harper of Harper Technologies LLC about keeping our business data safe, firewalls updated and our online communication systems protected and impenetrable to hackers. The Harpers easily explain assessing your business’s risk exposure to malware, ransomware, and work stoppage with your information and communication systems and why consulting and hiring a trusted professional is a really smart business decision.