The Real Buzz

Eric and I would love to hear from you. Tell us what you think of the podcast.

Hear your hosts, Melissa and Eric, have a conversation about Realtors this week and how important it is for them to treat their job like they are running a business. Whether you are a new Realtor who expects to make a solid income in your first year or you are established and very successful, it is vital for tax savings to set up the proper corporate structure and to hire professionals to help you. 

Even if you only have your license to save on commission because you are a real estate investor, there are helpful tips in this episode about tracking the hours you spend working on your deals that can save you money on your taxes. 

So if you are a Realtor, hit play on this episode to learn some great tactics to keep as much of your commission earnings as possible. 

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

There are a lot of tips and tricks to try and save money on taxes and in other ways with your small business, but maybe the most impactful, simple change you can make to your operation is to hire a bookkeeper. Monthly bookkeeping is invaluable, it can help you eliminate extra subscriptions, catch accidental charges or fraud and give you a clear and frequent snapshot of the health of your business. 

Even if you do your bookkeeping yourself and you stay on top of regular reconciliation of transactions, how long does it take you each month and couldn’t you be using that time to make your business more money? 

This episode gives you a clear picture and several real examples of how hiring a bookkeeper could be game changing for your business.  And of course, it's delivered in a way only your hosts Melissa and Eric Broughton could deliver it.

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

Eric and Melissa talk about what it means to have a great accountant? Well, they shouldn’t be just a numbers or money person and they should meet with you more than once a year. A great accountant works with you year-round to figure out how to reduce your tax liability. 

One simple way to boost employee morale and reduce your tax liability is by reimbursing employees for work related costs that they would incur anyway. Think cell phone bills and home office expenses. 

They break down some simple and smart ways to reduce your tax burden by using strategies all year long rather than just buying a bunch of equipment at the end of the year.

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

On this episode Melissa and Eric talk about the importance of business owners drawing a salary rather than just taking large distribution at the end of the year. The IRS wants to make sure you are paying a reasonable amount of payroll taxes and so you are supposed to give yourself a “reasonable compensation” for your work. 

The two discuss how you find out what is “reasonable” for the work you do, what to do if your business isn’t profitable yet, and also why it’s important for the growth of your company and your personal financial future to pay yourself a salary. 

In the last ten minutes of the episode they talk about the tax deadline being pushed back for many Californians because of natural disasters and “state of emergency” declarations. April 15th is just a few days away but you may actually have another month to get your taxes done!

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

Listen and learn as Melissa and Eric sit down to talk about two topics that could help you save on taxes and make you a much more efficient business owner. 

First they discuss the Augusta rule, what is it and how can you rent your own personal property to the business to save money on your taxes. 

Second, they discuss the importance of regular, up to date bookkeeping for a business, whether that’s done by a hired bookkeeper or someone in the business. It is vital for a business owner to always know where their business stands financially at any given time and the simple fact is that good bookkeeping will save you money day-to-day while running your business and on your taxes.

You can find tax information and more on the Augusta by visiting www.busybeeadvisors.com.  

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

In this episode, Melissa and Eric talk about the importance of sending your vendors 1099 forms and while this year’s deadline has passed it’s never too early to start preparing for next year by sending vendors W-9 forms to get the necessary information. 

On a bigger picture context, learn the difference between different types of company structures and the reasons why  choosing a certain type of organizational structure could greatly influence your tax situation. Whether you are a sole proprietor, a C-corp, an S-corp or a partnership there are specific rules and guidelines involved that you need to understand. You need to be very aware of the limitations and benefits of the allocation you choose. 

The discussion outlines a simple breakdown of the requirements and differences in the structure of choice and the significance of your consideration once the business is profitable.  Every small business should understand what their structure is and how it fits into their longer term plans.

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

It's the first episode of The Real Buzz with Eric and Melissa Broughton, owners of Busy Bee Advisors.  So they're going to talk travel. Like how to take advantage of travel for business purposes, and how to appropriately justify and support your travel-related expenses. Plus a little irreverance on travel-related per diems, how they work and who can use them.  And finally, they offer a reminder about reimbursements to business owners for business-related expenses – how to do them and why it is important if you really want to save money on your taxes.  After all, that is what the show is all about, right?

For more information and to find resources from the show, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.

Eric and I would love to hear from you. Tell us what you think of the podcast.

The Real Buzz podcast is all about helping small business save money on taxes with forward thinking tax strategies, tips to get you and keep you organized and pro-active planning ideas. Eric and Melissa Broughton, owners of Busy Bee Advisors, will take you on a fun and informative journey each month exploring topics that will ultimately help your business pay less in taxes... and supporting it all with the legal code, documentation and experience.  A must listen for small business.  For more information, visit www.busybeeadvisors.com.

To learn more about Busy Bee accounting and services, or to simply connect with Eric or Melissa, find them at Busy Bee Advisors.