Small Business Podcast

 Upholding professional integrity means consistently adhering to ethical principles like honesty, fairness, and accountability in all professional dealings. It involves taking responsibility for your actions, respecting confidentiality, and building trust with others by keeping commitments and acting with transparency, even when no one is watching. 

Starting January 1, 2026, new U.S. tax laws will eliminate the deduction for most employer-provided meals on business premises. This change is the final phase-out from the 2017 Tax Cuts and Jobs Act (TCJA), as recently confirmed by the "One Big Beautiful Bill Act" (OBBBA)

Most employers have employee retention due to small office benefits such as snacks, coffee etc. This segment goes over how it will affect most small businesses.

In general, life insurance death benefits paid to a beneficiary as a lump sum are not considered taxable income for federal tax purposes. However, taxes may apply in specific situations involving interest accumulation, how the policy is accessed, or how it is structured within an estate. 

Job candidates often don’t think about things from the opposite end of the table. Even though they may have thought their interview went well, the other end may not have had values that aligned with the job candidates. This video goes over some things for the candidate to consider for the interviewer.

From an employer's perspective, hiring is about finding a candidate who is a strong fit for the role and company by assessing their relevant skills, experience, and potential for growth. Employers look for quantifiable achievements, a professional and polished application, and a cultural fit that aligns with company values. They are also motivated by the need to find someone who can positively impact the company's bottom line by generating more value than their total cost. 

To be an entrepreneur means to identify an opportunity, take the risk to start and run a new business or venture, and assume responsibility for all the associated risks and rewards. They are often innovators who develop new products, services, or business models, and they bring together resources to grow their company. This process involves more than just managing an existing business; it's about creating something new from the ground up.

Home buying is the process of purchasing a house, which starts with assessing your budget and saving for a down payment....not sure if the feds solutions helps things or anyone. 

The first Time Home Owner is 40 Years Old and the Fed's Solution Is To Introduce 50 Year Mortgages....Whiskey Tango Foxtrot.

This video goes over the benefits of staying married and owning a home long term relative to the benefits in retirement savings. When most people thing of retirement benefits, they think of IRA, 401(K), etc., but they don't consider staying married and owning a home. The average couple had 5 to 10 time more in money than those who are single and do not own a home. Typically, people do not consider marriage and owning a home as a retirement plan — but they should. 

A lot of people want to stay free by renting and being single the rest of their lives; I get it. But also consider we all get old, situations change, and life happens.

 To hire an employee, first define the job's responsibilities and qualifications, then post the job opening to attract candidates. Screen applicants, conduct interviews, and select the best candidate. Before officially hiring, complete legal steps like getting an Employer Identification Number (EIN) and preparing payroll, then extend a formal job offer and onboard the new hire. 

When starting a business, key tax issues to consider include selecting the optimal business structure, understanding your federal and state tax obligations (income, self-employment, employment, and sales tax), and maintaining meticulous financial records to maximize deductions and avoid penalties

 To "market your business like crazy," you need to implement a multi-faceted strategy that includes a strong online presence, understanding your audience, creating a clear value proposition, and consistently engaging with potential customers. Key tactics include building a professional website, using social media and email marketing, and creating compelling content and offers to attract and convert leads