• 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, of course!)

AI will never replace what only YOU can provide to your clients, but as a soloist, AI can help you be more profitable and efficient.

Your homework this week: spend 30 minutes and do a brain dump for how you can use AI in your space.

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Get me in your inbox: https://www.ericagoode.com/newsletter-signup

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...

1. Social Security - will it be here when I’m ready to retire?

2. Updates about Congress’ new law, the SECURE Act 2.0 (and what it means for you)

3. How college savings and retirement savings can play together

4. And a neat trick that allows you to travel around the world for a reasonable cost!

Connect with Ben Goode:

on LinkedIn - https://www.linkedin.com/in/benjamingoode/

and Instagram  - https://www.instagram.com/smokin_idahoan/

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

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:

1. Can you save too much for retirement?

2. Retirement savings for W-2 earners vs. small business owners

3. Different retirement savings plans for the self-employed and the approach they need to take.

Check back next week for part 2!

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

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 hydromassage sound?

See, it's not all bad...

Find some sweet "tax day" deals here!

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

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 figure out how much money to set aside,

• Ways you might get “into trouble”, and finally  

• How to do a “gut check” to assess your actual tax rate (and potential tax bill!)

What I want for you to take away from this episode: make sure you’re aware of how much you need to be paying for estimated quarterly taxes.

Related episode: Check out episode 21 if you want to learn about how you might be able to save money by becoming an S-corp.

If you don’t know - ask for help.

And, until next time, may your week be filled with love and profit!

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

Get me in your inbox

Tax season is almost here, which means one of two things:

1. You’re all ready to file and pay and move on with life, or...

2. 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 much they are and when they start

• The best way to pay over time if you don’t have the cash on hand - and how NOT to pay it!

Link to copy of a 1913 tax return!

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

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 (creating leverage)

• Common income plateaus and how to shift into a more profitable situation

• What to consider as you hit that plateau - one of them may seem pretty basic but is often overlooked!

• A crucial mindset shift the small business owner has to make in order to scale

“Hourly billing punishes expertise.” - Jonathan Stark

“Flexibility is the new wealth…” - Rochelle Moulton

Find the complete show notes here.

Follow Jonathan and Rochelle here:

RochelleMoulton.com

JonathanStark.com

The Business of Authority Podcast

Ditch Hourly Podcast

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup

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 and will help you achieve what you want.

Listen to today’s episodes for some thoughts on possible business models, and how you can begin to get clarity on your own.

Find the complete show notes here.

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA
• Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
• ***FREE Tax Deduction Guide***

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 spouse?"

2 - "What do you think of FlyFin and other bookkeeping AI? 

3 - "What happens when you get audited by the IRS?" 

Also an update on the Companion Pass with the Southwest Airlines credit card.

Connect with Erica:

• Instagram @erica.goode.cpa 
• LinkedIn: Erica Goode, CPA