The Financial Bites Podcast

Just recently Forbes reported that 1 in 3 polled executives reported their business was the target of a cyber attack! Famous cyber breaches include Microsoft, the Red Cross, T Mobile, Pizza Hut and PayPal. So what cyber security trends will affect you and how do you protect yourself? Find out more from Jim Bourke! 👇 👇 👇

Recently there was a dramatic increase of bankruptcy filings.  You may be surprised, but some notable past bankruptcies include General Motors, Marvel

Brent George of the Law Offices of Brent D. George has represented hundreds of clients including private individuals, partnerships and small and large businesses.  Brent has been practicing since 1994 and has expertise in bankruptcy law.  In this episode of the Financial Bites Podcast we discuss the various forms of bankruptcy including both Chapter 7 and Chapter 13 bankruptcy.  We also discuss the benefits of hiring an attorney and the ideal time to reach out for help.  Lastly, we discuss common mistakes for private individuals considering bankruptcy and what to avoid if you are considering bankruptcy.

Make sure to listen to the very end to hear Brent’s top "tip" for people who are considering bankruptcy!

During 2021 the number of mergers and acquisitions (M&A) were at record breaking amounts.  Then in 2022 there was a slight decrease and now there are reports of significant “dry powder” in the hands of venture capital, private equity and strategic buyers.  So what can you expect from M&A this year?  Find out more from @Christian Schiller!  👇👇👇

Please note - The examples provided in this podcast related to potential increases in value through an investment banking process do not in any way assure future success.

Christian is a Managing Director at Cascadia Capital and for 20 years has guided entrepreneurs through the successful sale of their business.  In this episode of the Financial Bites podcast we discuss the current state of M&A activity and the recent record breaking numbers of deals.  We also discuss the advantages of hiring an investment banker and recommended timing for business owners. Lastly, we discuss common mistakes for sellers and how to avoid them during your transaction.

Make sure to listen to the very end to hear Christian’s top "tip" for business owners considering a sale this year!

Financial markets are up, investments are down, crypto is all over the place! What should investors know about investing during turbulent times? Find out more from Joe Seetoo! 👇 👇 👇

Joe is a Partner and Senior Vice President at Morton Wealth and for over 20 years has guided business owners and high net worth families through financial planning and wealth management. In this episode of the Financial Bites podcast we discuss investing during turbulent times and how investors can manage a possible recession and political turmoil. We also discuss unique new investment opportunities such as digital assets. Are you missing the opportunity to become the next #crypto millionaire! Lastly, we discuss how new investors should approach investing during a down economy.

Make sure to listen to the very end to hear Joe’s top "tip" especially for new investors!

According to a recent Statisa survey, the number of new businesses each year has increased from 560,000 in 2010 to 840,000 in 2021. So if you have a new business, what legal documents do you need? Find out from more from Janice Miller!

Janice is the Managing Partner of The Miller Laga Law Group and is an expert in providing legal counsel to both privately held and Fortune 100 companies. In this episode of the Financial Bites podcast we discuss the types of documents necessary when forming a business. We also discuss the IMPORTANCE of having a buy-sell agreement. There could be significant risk to your company that is not addressed by your standard operating agreement or bylaws! We also discuss the pros and cons of using online services for your startup.

Make sure to listen to the very end to hear Janice's top "tip" for you and your business.

The cannabis industry is booming and projected revenue this year is $25B!  To discuss this exciting industry I interview Steve Monacelli who is a nationally recognized expert.  Steve and I discuss the unique challenges for business owners in cannabis including the infamous 280E provision of internal revenue code!  Steve also shares critical insight on changes coming in the next few years.  You will also want to listen to the very end of the podcast where Steve shares his "top tip" for new entrepreneurs entering the cannabis space!

According to a recent Federal Reserve study, 90% of companies with EXCELLENT financial health prepare annual budgets or forecasts.  So in this episode I discuss the art of Financial Planning and Analysis (FPA) with an expert in the field, Mark Wald.  Specifically, we discuss the key aspects of FPA and how it can benefit small and medium sized companies.  We also discuss how FPA and traditional bookkeeping are completely different things.  

Mark Wald is a Managing Director of Supporting Strategies, a nationally recognized resource for finance and accounting expertise.  Mark is an "innovative problem solver who values simplicity, efficiency and collaboration between people and organizations, with strong experience in financial modeling and data analytics to inform and support quick decisions on complex issues."

Make sure to listen to the very end to hear Mark's top FPA "tip" for you and your business.  

You have probably heard the term "Capital Gains Tax" before.  Likely, it was during a discussion about selling real estate or stock.  But have you wondered about what exactly Capital Gains are and how it could affect you? In this podcast I explain the concept of Capital Gains Tax, when you will have to pay it and (approximately) how much.  After listening to this podcast you will understand what sales trigger Capital Gains Tax, why long term Capital Gains Tax is more favorable than short term Capital Gains Tax and the tax percentage that applies to you. With this information you will be able to analyze your personal real estate and stock sales to minimize your income tax bill!

Welcome back to my ACCOUNTING 101 series of courses!  Whether you are a business owner who wants to better understand accounting and finance or a new accounting student, these courses will help develop your fundamental understanding of basic accounting. In this course I discuss the second most important financial statement for a business - the BALANCE SHEET.  I explain the overall concept of the balance sheet as well as common types of assets, liabilities and stockholder's equity.

On January 1, 2022, the most significant accounting change in 40 years will go into effect for privately held companies.  If you have an office or building lease, this new standard WILL affect you!  Deloitte & Touche estimated the impact of this accounting change to S&P 500 companies in the trillions of dollars.  Meaning there was a trillion dollar increase of total assets and liabilities on balance sheets in a 24 hour period for these companies.  Are you prepared for this change?  If not, listen to this podcast to get started!  I will explain the new rule and how it will likely impact your financial statements.