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 Throwback: In this episode we explain the importance of keeping your W-4 in check, ensuring you're not caught off guard with a hefty tax bill or a disappointing refund.

We get so many questions about the W-4 form and how it should be filled out so we are breaking it all down in this episode! If you had a big tax surprise this year, this episode is for you!

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Have you heard of the new Beneficial Ownership Information Report that must be filed by all LLC owners in the U.S?!? This is the first year it is required and it is due quickly if you filed a NEW LLC in 2024.  It's due by the end of the year if you file for an LLC established before 2024!

In this episode we explain what this new BOI report is and help you understand everything from the filing process on the FinCEN website to the substantial penalties that will be assessed if you forget(!).

We lay out all the info you need to meet the critical deadlines and explain when you might need to refile. This episode is SO important for all LLC owners! Send this to everyone you know who has an LLC!

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In today's episode, we take off our "accounting" hats and put on our "business owner" hats to share how we do a quarterly meeting in our business and how you can do it too!

Ever wondered how tweaking your pricing strategy could work wonders for your revenue? That's just one tip we share as we guide you through the art of conducting a quarterly business review to supercharge your growth. 

We explain how we review our financial reports every quarter to uncover growth trends, optimize expenses, and set achievable goals for our small business. 

In this episode we discuss using automations in business, cutting costs, planning for upcoming months, and saving for taxes.  A quarterly review is a must for all business owners! 

Stay with us, and you'll learn how to make every quarter count, laying the groundwork for a financially sound and thriving business.

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Do you know how to read your tax return? Do you review your tax return when your CPA sends it over? Do you know how? 

In this episode we explain the numbers on your personal tax return (Form 1040) and how to review your tax return. A skill everyone should have! This episode is perfect for everyone, whether you file your return yourself or pay your CPA to prepare your tax return. 

We also explain our progressive tax system, the ins and outs of self-employment taxes, and strategies like S-corp status that could potentially lighten your tax burden. By the end of this episode, you'll be equipped to review tax payments and withholdings with the skill of a seasoned pro, ready for the next tax season without any nasty surprises.

Plus, we tackle the critical step of signing Form 8879 for e-filing, and why aligning the numbers on your tax return with those on the form is not just about accuracy—it's about peace of mind. So, grab your tax return and join us for a session that promises to educate and empower you for future tax seasons.

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Every now and then, we cross paths with someone whose strength is so palpable, it resonates through their stories and touches our lives.

Josie's story of unwavering love and resilience as she navigated the diagnosis of her third daughter's heart condition and Down syndrome is one you won't forget. Our latest episode offers a window into her world, where the simple act of crafting bracelets sparked a global chain of support. These bracelets symbolized hope and togetherness for people all around as her daughter braved the critical heart surgery. Josie's candid recounting reminds us that even in our darkest times, the compassion of others, can shine through.

Josie started her business, Love for Littles, a venture where passion meeting business. Josie's story captivates as she details how a personal mission evolved into a means of solace for families battling health crises. It's not just about the bracelets, but the bonds they foster. As her children contribute, taping these symbols of solidarity onto cards, we're reminded that business can be both a labor of love and a family affair.

Join us to hear how Josie started a business from passion and how she is making money while also supporting others along the way!

Find Love for the Littles Here:
Website: www.theloveforlittles.com
Instagram: https://www.instagram.com/theloveforlittles
Facebook: https://www.facebook.com/theloveforlittles
TikTok: https://www.tiktok.com/@theloveforlittles
Phone Number: (920)207-9453

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Do you need more time to file your tax return this year? If so, don't forget to file an extension to reduce penalties!

In this episode, you'll learn the ins and outs of tax return extensions.

 We dissect deadlines for all tax return filings and the penalties assessed if you do not file on time and/or do not file an extension.

We also talk penalties and interest—because if there's anything less exciting than watching paint dry, it's watching your hard-earned cash wash away to the IRS. But fear not! We've got your back, breaking down how the IRS penalizes those who file late and those who forget to file an extension. 

And if you're staring down a tax bill that looks more like a phone number, don't panic! We cover the IRS payment plan and why it beats the ostrich strategy (aka burying your head in the sand) every time. So, sit back, relax, and let us guide you through all the details you need to know about filing an extension for your tax return!

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Ever wondered how you could safeguard your financial legacy with a trust? Why do people set up a trust? How do they work?

That's what this episode is all about!

In this episode we explain the nuances of trusts, and there are a lot! We start by explaining exactly what a trust is, how it is used, and the various types of trusts.

We also explain the tax implications for the various types of trusts (of course)!

We discuss the many reasons why establishing a trust could be a wise move for you. Not only do trusts offer a robust shield for your assets from unforeseen legal challenges, but they are also pivotal in estate tax planning and planning the distribution of your wealth. 

Whether you're looking to preserve a family business, ensure future care for a loved one with special needs, or simply lay a solid foundation for personal financial planning, this episode is your guide. 

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Wondering when you should hire a CPA? When is it okay to DIY your taxes? 

If you own a business, you definitely want to hire a CPA to do your tax return even if you've done your own return in the past! In this episode we explain why that's the case and how you can find a good CPA for your business. 

We also discuss what working with a CPA looks like during the year and during tax time! 

We also cover CPA etiquette and billing that everyone should know . Ever wondered if that quick email to your CPA will cost you? We break down the billing protocols, so you're never caught off guard. Plus, we explain the full spectrum of services CPAs provide.  

Whether you're a seasoned business owner or a newcomer to the financial arena, this episode is your compass to confidently choosing and working with a CPA who will bolster your business's success.

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This episode is a must-listen for anyone who owns rental properties or is contemplating a jump into the market. We discuss why your new rental property won't instantly wipe out your tax bill, despite popular belief. We go over all deductible expenses and educate you on the subtleties of depreciation, all to prepare you for making savvy investment choices. 

Wrapping up, we dissect the tax deductions associated with different types of real estate involvement. Whether you're a passive investor, actively managing properties, or aiming for the coveted real estate professional status, we clarify how each impacts your ability to manage tax liabilities. Our goal is to make complex tax and accounting concepts understandable!

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Struggling to navigate grocery budgeting and personal finance? You're in luck, because we've got Samantha Gollup, the brilliant mind behind Anti Diet Mama, helping guide us through grocery shopping in our latest episode. As a registered dietitian, she shares her tips for mindful shopping, offering practical tips to avoid decision fatigue and align your cart with your wallet.

Samantha's also completed our Personal Finance Workbook and we discuss the things she learned and the changes she made after working thorough our guide.

Tune in and transform your financial conversations from dreaded talks to empowering ones! We share how empowering it can be to simply discuss your financial goals and make a plan for your family. This is an episode for everyone!

Samantha Gollup, MS RDN
Instagram: @anti.diet.mama 
Website: www.antidietmama.com

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