PryorityPod

LLCs are one of the most discussed but least understood topics in entrepreneurship. Getting an LLC is fairly simple. However, managing an LLC is a commitment that some business owners underestimate. In this episode, Ray Pryor breakdowns what an LLC is (and is NOT), benefits and costs to forming one, and how to get started on your own LLC.

Go to pryorityfinance.com/llc to get started on forming and managing your LLC the right way.

The average tax refund last year was almost $3,000. Tax companies try to get you excited about your refund as if it’s a gift from the government, a testament to a tax preparer's skills, or a sign that you’re doing something right with your finances. All of that is a myth. Millions of taxpayers don’t know the truth about tax refunds and won't be super excited once they discover it.

Go to pryorityfinance.com to have your taxes filed by a professional on our team.

Finances and taxes don’t work the same way for self-employed contractors, entrepreneurs, small business owners, and investors as they do for working professionals. Ever wonder why you never get the huge refunds that all the 9 to 5 workers seem to get? Here's two strategies you can use to make sure you don’t get stuck with a big tax bill with penalties at the end of the year.

Go to pryorityfinance.com for a consultation with a tax strategist on our team.

You don't need to be fluent in taxes and accounting to be a successful business owner. But for the sake of your business and its survival, you need to find a translator. Your monthly subscription to a software service that you're not even certain how to use will not cut it as your business grows. In this episode, Ray Pryor breaks down the risks of poor bookkeeping practices, as well as the rewards of finding a professional who can take the headache of taxes and accounting off of your plate.

Go to pryorityfinance.com/books for a consultation with a tax strategist on our team.

There were some reports that the IRS is going to ramp up audits in 2021, especially for small businesses. The truth about audits is not all that the scenes from Hollywood movies or news headlines from the media make them out to be. In this episode, Ray Pryor discusses what an audit is, why you would be audited, how likely it is for you to be audited, and how Pryority Finance keep their clients out of trouble with the IRS.

Every single one of Pryority Finance's tax clients in 2021 will receive 3 full years of audits protection and 1 full year of identity protection ABSOLUTELY FREE! Giving our clients peace of mind this tax season through this FREE service with every tax return is one of the many ways that we make taxes less taxing.

Go to pryorityfinance.com to have your taxes filed by a professional on our team.

All successful small business owners should know about it, explore, and consider the potential tax savings that becoming an S-Corp could bring to your business. In this episode, Ray Pryor breaks down what an S-Corp is, benefits and costs to electing this tax status, and how to turn your business entity into an S-Corp. 

Reach out to us on LinkedIn or Facebook to connect with a tax advisor on our team.

If the S-Corp tax status isn't a good fit for your business right now, explore the tax benefits of forming an LLC by listening to our last episode and going to our website: pryorityfinance.com/llc.

Tune in to hear us chat about the deeply harmful impact that pushing through injuries and pain can have beyond the obvious physical element. We want to offer an alternative perspective that still allows you to be just as tough and fierce, or to reflect on your days in athletics and to wish you had done things differently (Jaida). If you have any experiences where you wish you would not have pushed through an injury, or if you will do things differently moving forward, or if you disagree, feel free to DM us @pryoritypod on Instagram, or shoot us an email at [email protected]! We would love to engage with you.

Referencing the article "What We Get Wrong About Closing The Racial Wealth Gap" by Dr. William Darity, Jr. and several others, we dive into 10 myths surrounding why the Black community cannot boot strap ourselves into closing the racial wealth gap. Regardless of whether you're a numbers person or a person who needs tangible examples, this episode is for you! Tune in as we talk finances, race, inequality, who's responsible, and who's to blame.

We pose some crucial questions and make some difficult considerations this week as we approach the polarized and charged topic of whether everyone who voted for Trump in this presidential election is racist. We focus on people of color specifically as we present our thoughts and perspectives on the following questions: As a person of color, does it take a level of privilege to be able to vote in support of the collective versus your own personal interests? It surely takes a level of sacrifice, but does it take a level of privilege to commit in action to the idea that our liberation is intertwined? Or, does it just take courage based on the idea that everyone has something to lose? Tune in for a hard, but ultimately, gracious and important conversation about what happens to humanity when we write one another off without listening, first.