Shows
15 Hour Accountant PodcastThe Life First Accounting Firm PodcastCheck out the Life First Accounting Firm podcast on YouTube or wherever you listen to podcasts!
2026-03-2402 min
She CountsPancakes, Power Suits & Personal Autonomy: What Women Wear at Work Isn’t the ProblemWhen an Ernst & Young seminar told female executives that women's brains absorb information like pancakes soak up syrup, as opposed to retaining information like men, whose brains are more like waffles, it made headlines — and it still stings. Nancy and Questian dig into why sexist trainings on topics like women's clothing and appearance remain a workplace issue in accounting, from vague dress code language to the cognitive toll of constant self-monitoring. The conversation gets personal, gets real, and ends with a three-question self-test that has nothing to do with what anyone else thinks....
2026-02-251h 06
Scale Smart, Stay GroundedEps. 15: From Burnout to 15-Hour Work Weeks: Erica Goode on the Real Cost of Not Knowing Your NumbersSend us Fan MailWhat's the real cost of not knowing your numbers? For many entrepreneurs, it's making fear-based decisions, missing opportunities, and operating with shoulders permanently stuck in their ears.Erica Goode, CPA and fractional CFO, knows this firsthand. Her corporate career at KPMG and Walgreens looked perfect on paper—promotions, raises, corner offices. But by her late 20s, burnout hit hard. She left to focus on family, and eventually built a thriving virtual accounting firm that works with her lifestyle—serving clients in just 15 hours per week.Now, Erica helps service-based entr...
2026-02-1653 min
Consultants and Money107. Best Business Books of 2025Happy Holidays! Erica shares her annual list of favorite business books of the year in her final episode of 2025. 00:00 Welcome 00:50 Holiday Greetings and Year-End Reflections 01:19 Favorite Business Books of 2025 03:34 Book 1: Quit by Annie Duke 05:54 Book 2: Big Magic by Elizabeth Gilbert 08:14 Book 3: Marketing Made Simple by Donald Miller 09:38 Book 4: The Five Types of Wealth by Sahil Bloom 12:10 Book 5: Tax Planning To and Through Early Retirement by Cody Garrett and Sean Mullaney 15:55 Honorable Mentions: Non-Business Reads 20:42 Holiday Wishes and Conclusion
2025-12-0921 min
Your Tax Firm, Your WayTax Firm Owners Share Their Story: Erica GoodeIn this series I sit down with fellow tax firm owners to talk about the real stories behind building, running, and growing a tax practice. No scripts, no sales pitches. Just open conversations between tax firm owners who’ve been there.This series is all about encouraging current and aspiring firm owners, sharing lessons learned, and connecting our community.Join the conversation: What’s something from this episode that stood out to you? Drop a comment below!Connect with Erica:https://www.linkedin.com/in/erica-goode-cpa-00205616/https://www.alignedaccountants.com/Eric...
2025-10-2843 min
The Unique CPAThe Power of Boundaries: Getting It RightErica Goode, the "15 Hour Accountant" and host of the Consultants & Money Podcast, joins Randy Crabtree on Episode 232 of The Unique CPA and proves you can build a thriving, six-figure accounting firm without sacrificing your life. From burnt out Big Four auditor and Fortune 50 finance director to solo firm owner, Erica now earns over $200K a year working just 15 hours a week. Having made intentional choices she made to design a business around her family and values, Erica reveals how she set ironclad boundaries, found her niche with consultants and agency owners, and developed a pricing model that supports both...
2025-10-0745 min
The Fun CPA PodcastThis Accountant Works 15 hours a week and Makes $180K - Erica GoodeIn today's episode we have Erica Goode, AKA The 15 Hour Accountant, sharing her journey and career in accounting. We discuss everything from ✅ Private vs public accounting careers✅Challenges woman face in the profession✅Launching a firm centered around YOUR lifestyle✅Deep burnout and its impacts✅Raising kids while working I am truly humbled to be able to bring you this incredibly valuable episode and a big thank you to Erica for joining us today CONNECT WITH YU...
2025-09-2256 min
CPA Trendlines PodcastsErica Goode: The $180K, 15-Hour Workweek | Big 4 TransparencyRuthless efficiency, process-first thinking, and a bold rejection of traditional models help build her "life-first" firm.Big 4 TransparencyBy Dominic Piscopo, CPAFor CPA TrendlinesOn The Big 4 Transparency Podcast, host Dominic Piscopo sat down with Erica Goode, founder of a solo accounting practice that generated over $180,000 in profit in 2024, all while working just 15 hours a week. Her secret? Ruthless efficiency, process-first thinking, and a bold rejection of traditional scaling models. Goode’s path wasn’t planned. After leaving a corpo...
2025-09-1741 min
The Big 4 Transparency PodcastMake $200k in 15 Hour Weeks with Erica GoodeIn Episode 79 of the Big 4 Transparency Podcast, Erica Goode shares her journey as an independent accountant who built a successful lifestyle business while balancing family responsibilities. She discusses her unique approach to client management, pricing strategies, and the importance of workflow efficiency through technology integration. Erica emphasizes the mindset shift needed in the accounting profession, advocating for a community that supports accountants seeking a balanced life. The conversation highlights the significance of finding what is 'enough' for personal fulfillment and the value of networking and lead generation in building a sustainable practice.Check out Forwardly for a...
2025-08-2140 minCPA Trendlines PodcastsErica Goode: Build a $200K Firm in 15 Hours a Week | The DisruptorsThrive with a lean schedule, happy clients, and a calm home life.The DisruptorsWith Liz FarrErica Goode was exhausted and burned out as a corporate accountant and mom of two young children. “I could not figure out a sane way to operate a 50-hour work week and raise two kids and have a spouse who worked a 50-hour work week,” Goode explains. “I don't think there is a great way to do it. It does not leave a lot of margin to be a full-time working parent.”
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2025-06-2448 minConsultants and Money94. Case Study: Spring Break on Travel PointsWork With Erica Erica and her husband Ben Goode, CPA discuss the benefits of travel credit cards over cash back cards, emphasizing the savings on taxes and the accumulation of travel miles for personal use. The conversation includes a case study of their upcoming family vacation to Mexico, breaking down the points earned from Delta and Marriott credit cards, resulting in significant cost savings on flights and hotel stays. 05:11 Business Credit Cards: Travel Rewards vs. Cashback 06:52 IRS Guidelines on Frequent Flyer Miles 10:56 Case Study: Using Business Credit Cards for Pe...
2025-03-1832 min
The Accounting PodcastBuilding a $200K Accounting Firm in Just 15 Hours a Week (from the Earmark Podcast)This episode originally appeared on the Earmark Podcast. Listen and subscribe at https://podcast.earmarkcpe.com.Erica Goode, CPA, reveals how she built a thriving $200K accounting firm working just 15 hours a week. Discover the power of niching, efficient processes, and work-life balance in this candid discussion. Erica will share her journey from corporate burnout to entrepreneurial success, offering practical insights on pricing strategies, time management, and building authority in your niche. Whether you're considering starting your own firm or optimizing your existing practice, this webinar will inspire and equip you to reimagine what's possible in your...
2025-03-031h 02Consultants and Money92. Fiduciaries, Fees & Finding the Right Advisor with Luke Sauter, CPA / PFSErica sits down with Luke Sauter, a CPA, PFS, and investment advisor who shares insights on the intricacies of financial planning, emphasizing the importance of choosing a trustworthy fiduciary who provides consistent, transparent, and comprehensive wealth management services. 00:43 Meet Luke Sauter: CPA and Financial Specialist 02:34 A Personal Journey: From Corporate to Consulting 04:54 Understanding Financial Designations and Trust 09:37 The Role of a Fiduciary and Financial Planning 16:03 Building Trust and Transparency in Financial Advisory 20:56 The Importance of Regular Communication with Advisors 26:30 The Advisor Mindset Shift
2025-02-1858 min
Accounting Flow PodcastHow to Optimize Your Solo Accounting Firm for a 15-Hour WorkWeek w/Erica Goode, CPASend us a textAt WorkflowCon 2024, Erica Goode—a CPA, solo firm owner, and productivity strategist—shared a framework that flips the traditional 40-hour workweek. Erica runs a profitable, six-figure accounting firm and works 15 hours a week.No burnout. No endless to-do lists. No hustle-for-hustle’s-sake.Her strategy isn’t about shortcuts or working faster. It’s about planning—knowing exactly what to do, when, and why it matters.This system isn’t reserved for accountants. Whether you’re a freelancer, entrepreneur, or solo business owner juggling client work, admin tasks, and personal res...
2025-02-1029 minConsultants and Money90. Who can do your taxes and how much should it cost? with Steve Nay, EAGet my Monthly Newsletter here In this episode, Erica is joined by Steve Nay, a tax professional and enrolled agent, to discuss the various credentials in the tax profession including CPAs, EAs, and the Annual Filing Season Program (AFSP). The also discuss how much a tax return should cost, as well as the potential ramifications of converting to an S-corp. (00:00) Introduction to the Podcast (00:43) Meet the Guest: Steve Ney (02:01) Understanding Tax Accreditations (03:57) Differences Between CPA and EA (06:58) Tax Representation and Audits (11:11) Finding the R...
2025-01-2136 min
Profitable Women47. The 15hr Work Week with Erica GoodeToday, I have a fellow CPA, Erica Goode, on the podcast to talk about her 15hr work week and how she has created space for all the other things she wants to be doing in life. Her story is such a great example of why we start our businesses in the first place and ensure we have our priorities set for the things we want to do. In this episode, Erica shares her story of leaving behind the rigidity of the 9-to-5 grind to craft a business that beautifully aligns with her personal life by working a 15h...
2025-01-0238 min
15 Hour Accountant PodcastCalendar Time BlockingRead the original email here > https://mailchi.mp/ericagoode/15hr-time-blocking-071024Get on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0208 min15 Hour Accountant PodcastThe 15-Hr Accountant: Anatomy of a $200K, 1-employee, 15 hr/wk Accounting FirmGet on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0223 min15 Hour Accountant PodcastClient Onboarding SOPRead the original email here > https://mailchi.mp/ericagoode/15hr-onbaording-sop-100924Get on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0213 min15 Hour Accountant PodcastMonth-End SOPRead the original email here > https://mailchi.mp/ericagoode/15hr-monthly-sop-070324Get on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0209 min15 Hour Accountant PodcastOrganizing Email for EfficiencyRead the original email here > https://mailchi.mp/ericagoode/15hr-email-efficiency-081424Get on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0210 min15 Hour Accountant PodcastSales Call FlowRead the original email here > https://mailchi.mp/ericagoode/15hr-sales-call-flow-092724Get on the Newsletter | Subscribe hereRead the FREE ebook | The 15-Hr Accountant: Anatomy of a $200k, 1 employee, 15 hr/wk Accounting FirmFollow Erica Goode | LinkedIn
2024-12-0210 minConsultants and Money87. You (Yes, you!) Might Owe Tax in Another State with Nicole McClintockGet my Monthly Newsletter here In this episode of the Consultants and Money podcast, host Erica Goode CPA is joined by Nicole McClintock, founder and CEO of Taximize. They discuss the complexities of state and local taxes (SALT), especially for consultants operating across multiple states. Nicole emphasizes the importance of understanding where your business has employees and clients, how state-specific rules can impact your tax obligations, and why it's crucial to have thorough conversations with your CPA. They also highlight the risks associated with not addressing multi-state tax issues upfront and provide practical advice on when and...
2024-11-2636 min15 Hour Accountant PodcastWelcome to Season 1Welcome to Season 1 of The 15-Hr Accountant Podcast!-Erica
2024-11-1402 minConsultants and Money86. Retirement Plans for ConsultantsGet my Monthly Newsletter here This episode, Erica covers 4 key retirement plans: Roth IRAs, Traditional IRAs, SEP IRAs, and Solo 401ks. Erica explains the eligibility criteria, 2024 contribution limits, and special considerations based on business structure (sole proprietor, LLC, or S Corp). She highlights the benefits and potential drawbacks of each plan, offering insights to help solo consultants make informed retirement savings decisions. (00:54) Retirement Planning for Self-Employed Consultants (02:11) Roth IRA: The Favorite Child (03:55) Traditional IRA: A Flexible Option (05:46) SEP IRA: Ideal for High, Fluctuating Income (07:57) Solo 401k...
2024-11-1212 min
Earmark Podcast | Earn Free Accounting CPEBuilding a $200K Accounting Firm in Just 15 Hours a WeekErica Goode, CPA, reveals how she built a thriving $200K accounting firm working just 15 hours a week. Discover the power of niching, efficient processes, and work-life balance in this candid discussion. Erica will share her journey from corporate burnout to entrepreneurial success, offering practical insights on pricing strategies, time management, and building authority in your niche. Whether you're considering starting your own firm or optimizing your existing practice, this webinar will inspire and equip you to reimagine what's possible in your accounting career.(Originally recorded on October 16, 2024, on Earmark Webinars+)SponsorShareFile...
2024-11-011h 03
Business Strategy for CPA's306 25 Hours for Everyone, Team Included with Rebecca Warnick, CPARunning and growing your accounting practice can feel like a lot –– and maybe sometimes a hair more than you care to manage. Yet, how to change, what to change, and in what order to change things can be far from obvious. In this conversation, I want listeners to hear what it sounds like to make a bunch of progress in four months, while being owner of a company where the baseline is 25 hours for everyone. Find Rebecca at www.thewarnickgroup.com/.…Hey CPA firm owner, glad you found t...
2024-07-1740 min
Girls in FinanceIs corporate finance all that? Erica Goode In today's episode, CPA entrepreneur and podcast host Erica Goode shares her insightful background in corporate finance at Walgreens. Erica explained what Financial Planning and Analysis (FP&A) is and how it was conducted during her time at Walgreens, providing a detailed look at the inner workings of corporate finance. She delved into the pros and cons of the field, offering a balanced perspective based on her experiences. Additionally, Erica elaborated on her current lifestyle, highlighting her ability to maintain a 15-hour workweek now that she owns her own CPA practice.
2024-07-1223 minConsultants and Money74. Should You Pay Off Your Mortgage Early?LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show. **** This episode from the personal finance summer series of 'Coaches, Consultants, and Money' hosted by Erica Goode and co-hosted by husband, Ben Goode, CPA, discusses the debate around whether or not it's beneficial to pay off a mortgage early. Sharing personal experiences and professional insights, they explore the pros and cons of early mortgage payoff versus maintaining it for its term. They stress...
2024-06-1130 minConsultants and Money73. [The Soloist Life] Building a Six-Figure Advisory Business (Working 15 Hours A Week)Get my Monthly Newsletter here Today Erica shares a crossover episode from the "Soloist Life Podcast" where she was interviewed by host Rochelle Mounton. In this conversation, Erica discusses the strategies that have enabled her to build a thriving six-figure business while working significantly fewer than 40 hours a week, from setting robust boundaries to leveraging automation. They also talk about the life benefits of setting work boundaries, how to boost your business efficiency using automation and delegation, and a broader definition of wealth in today's "gig economy". How important is it t...
2024-05-2841 min
Accounting Conversations15 How to make 6 Figures Only Working 15 Hours a Week with Erica Goode, CPAAn accounting career doesn't just have to be crazy busy seasons at a huge firm downtown, stay-at-home parents can have incredible careers as well!
Erica Goode, CPA is changing the game for accounting professionals. She started her career out at KPMG and then moved into industry accounting at Walgreens. Since then, she has had a family and built her own accounting firm at the same time.
Erica is changing the game for accounting professionals who want to practice accounting and also have a family! It is 100% possible and you...
2024-05-1733 min
Consultants and Money72 - Stop Thinking About Profit...a new KPIGet my Monthly Newsletter here As tax codes grow increasingly complex, Erica suggests a more comprehensive approach for business owners to assess their true financial health. She explains a metric she created called Total Owner Benefit and describes how it can be used to discover the full range of financial benefits derived from owning a business. These include factors traditionally excluded from profit calculations such as owner salary, health costs, and retirement contributions. Discover why Total Owner Benefit is important to business owners, how it differs from plain profit, how it can influence ta...
2024-05-1412 min
It's Not About The MoneyGrowing your business at the right pace, with Erica GoodeHow much money does your business need to make for your life? Would you rather have an extra $50k this year or get back 10 hours a week? What time bucket of your life are you currently in? Erica Goode, CPA, is a fractional CFO serving coaches and consultants, but she offers so much more than just financial guidance to her clients. Her own journey to business ownership is unique and refreshing, and it embodies her mindful and intentional philosophy. The kids will never be young again, the teenagers are only this way right now, and ma...
2024-05-0943 minBusiness Strategy for CPA's293 What it Takes to Work 15 Hours per Week with Erica Goode, CPAIf you think working only 15 hours per week, taking home almost $200K in Total Owner Benefit, and living stress-free while enjoying your business seems:InsaneImpossibleThe Promised Land Check out Erica Goode, CPA’s playbook for getting it done. …Hey CPA firm owner, glad you found the podcast. If you feel like you’ve become trapped by your own accounting firm, you’re fed up PiTB clients who get you their stuff late, don’t appreciate the value you provide, and complain to you when you...
2024-04-2448 minConsultants and Money70 - What Are the Odds of Getting Audited?Get my Monthly Newsletter here In honor of yesterday's "Tax Day" - Erica addresses the question that is often high on our minds. And the answer should be encouraging! Links to Resources Mentioned: Congressional Research | Distribution of IRS Audits by Income and Race The IRS's First-Time Penalty Abatement | Forbes article Until next time, may your week be filled with empty mailboxes and profit… Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website
2024-04-1607 minConsultants and Money69 - SEP vs Solo 401(k) with Sean Mullaney, CPA Get my Monthly Newsletter here Today Erica is joined by Sean Mullaney, a Los Angeles-based advice-only financial planner and author of "Solo 401k: The Solopreneur Retirement Account". Sean shares his expertise on the differences between SEP IRAs and Solo 401(k)s, the benefits of each, and why most solopreneurs might favor the latter for their retirement savings. Some of the questions they discuss are: What is the difference between a SEP IRA and a Solo 401(k)? How can an advice-only financial planner benefit your retirement planning? Can a Solo 401(k...
2024-04-0239 min
The Soloist LifeBuilding A Six-Figure Advisory Business (Working 15 Hours A Week) with Erica GoodeCan you build a six-figure advisory business working only 15 hours a week? CPA Erica Goode has—and she describes exactly how she did it (think serious boundaries):The lessons corporate burn-out can teach you about how to construct your own business.How setting rigid boundaries on her time allows her to meet all her work + life commitments.The value of time blocking (and another way to look at productivity).Why defining her version of “enough” allows her to stay focused and avoid chasing shiny objects.Introducing a potential new KPI fo...
2024-03-2140 minConsultants and Money68-No Pain, No _______Get my Monthly Newsletter here Whether it's growing fast…or slow…today Erica shares some encouragement as you move forward in your business. Hint: growth doesn't have to be accompanied with pain! And in the meantime, may your week be filled with healthy growth, and profit… Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website
2024-03-1905 minConsultants and Money67 - Happy Hour: Cost-Saving Travel HacksGet my Monthly Newsletter here In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like: saving money on hotels and rental cars update on Erica's Southwest points hack cheap first class airline tickets Mentioned in the episode: Camp Vibes by 10 Barrel Brewing Ep18 - Free Airfare for 2 Years with this Credit Card Hack Points.me Connect with Ben Goode, CPA | LinkedIn Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website
2024-03-1225 min
The Game On Girlfriend PodcastBusiness Cash Flow: How to Pay Yourself (and the IRS) Consistently with Erica GoodeCash flow planning helps us look forward and know what you can plan out in your business to make those good investment decisions, hiring decisions, pay yourself more, or plan for taxes. Erica Goode, CPA and host of the Coaches, Consultants, and Money podcast, helps business owners manage their money. She also runs a virtual accounting firm that supports coaches and consultants with bookkeeping, tax planning, and CFO services. Goode, a former director of finance at Walgreens, started her career as an editor at KPMG. "I love talking money, getting hold of money in a...
2024-03-0524 minConsultants and Money63 - Happy Hour: LASIK, HSAs, Simple Path to Wealth, Donor-Advised Funds (DAFs)Get my Monthly Newsletter here In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like: Is LASIK covered by insurance? What items are HSA eligible? Can you use your HSA for a medical hotel stay? How much is medical mileage? Book Review: Simple Path to Wealth by JL Collins How can a donor-advised fund (DAF) save you taxes? Links to Topics Mentioned: Cold Smoke Scotch Ale | KettleHouse Brewing Co Ben's LA...
2024-02-1331 min
The Business of AuthorityUsing Today’s Profits For Tomorrow’s Legacy with Erica GoodeThe big money decisions you’ll want to make early and how to decide between setting up a sole proprietorship, an LLC or a Sub S.When does it make sense to build processes to handle things like paying yourself and funding and paying taxes?What to ask your CPA and why you don’t want to wait till year-end to get advice.When to look for longer-term, perhaps tax-advantaged opportunities for savings.How to think of and use your business profits now to build your desired legacy later on.Qu...
2024-01-1850 minConsultants and Money58-Which Accountant Do You Need? CPA vs Bookkeeper vs CFOThis episode, we're talking through what type of accountant you need in your business and when to hire them. And to keep it in the spirit of the Holidays, I've borrowed a page from The Christmas Carol to explain how each of "the ghosts of accounting" work, how to decide when you need each one - and why. Talking through: Difference between an accountant and a CPA What type of tax preparer you should hire? When to invest in a bookkeeper What does a fractional CFO do? Connect with Erica:
2023-12-1912 min
Smashing the PlateauLearn To Manage Consulting Finances For Future Success Confidently Featuring Erica GoodeErica Goode has been a Certified Public Accountant for 15 years. She runs a virtual accounting firm that provides coaches and consultants with bookkeeping, accounting, and CFO services, and she also hosts the Coaches, Consultants, and Money podcast. She’s a former Director of Finance at a Fortune 50 company and began her career as an auditor at a Big Four public accounting firm. Erica is also a mother of two and the wife of a fellow CPA. She lives with her family in the mountains of Idaho.In today's episode of Smashing the Plateau, Erica will discuss the un...
2023-12-1826 minBusiness Strategy for CPA's271 2 Years of Progress in 4 Months with Randy Larkin, CPAIf you’re wondering just how much you can implement in a short time in Down to 40 Hours CPA Mastermind, listen in to hear what Randy Larkin, CPA has to say. He’s been in Mastermind for barely 10 weeks and has made miles of progress on numerous projects. …Hey CPA firm owner, glad you found the podcast. If you feel like you’ve become trapped by your own accounting firm, you’re fed up PiTB clients who get you their stuff late, don’t appreci...
2023-11-2235 minConsultants and Money53-Elevate Your Money Mindset with Sheila Hansen, CPABook a Strategy Session Today I welcome fellow CPA and Certified Life Coach, Sheila Hansen to the show. Sheila supports creative service providers, providing financial support to business owners such as copywriters, photographers, social media managers, coaches, and speakers. Our conversation covered such topics as: What is a "money mindset," what a healthy one looks like, and how it drives your "financial behavior" How and where do children develop money mindsets: nature vs nurture? Money mindset within marriage and the family The shift that occurs when moving from being an employee to...
2023-11-1446 minConsultants and Money49-The Zero-Tax MythBook a Strategy Session with Erica In this episode, we dive deep into the often-discussed topic of paying zero taxes. Does it sound too good to be true? It might be. Erica explains 3 legitimate and specific strategies you can use to minimize them as a consultant, coach or small agency owner. Resource referred to in this episode - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make (on Amazon) Other recommended episodes: 7 - Business Money 101: Bookkeeping Practices 21 - What's an S...
2023-10-1710 min
The Soloist LifeTop Financial Moves When You Hit 3 Revenue Milestones with Erica Goode, CPAHave you noticed how no one talks about what to do financially when your business hits certain milestones—and then you’re left wondering what financial moves make the most sense? CPA Erica Goode is out to change that.We discuss:Building a solid financial base for your brand-new expertise business (and why it’s OK to start with a spreadsheet).How shame around money can keep you from getting the help you need—and why you want to reach out anyway.The value of consistency—in paying yourself a salary, staying cu...
2023-10-1245 min
Scaling ExpertiseE62: The Buyer's Perspective: What Buyers Look for in Your Financial Statements with Erica GoodeI had the pleasure of having Erica Goode, Fractional CFO to Coaches and Consultants, on the latest episode of the "Hourly to Exit" podcast, where we discussed some fascinating topics related to financial management, business growth, and the accounting industry. Here are key takeaways from this episode:Understanding the Balance Sheet: Erica explained how assets, debts, and equity work together on a balance sheet. This knowledge is crucial for business owners and potential buyers, as it helps in evaluating the financial health and value of a company.The Importance of Accurate Financials: When forecasting the future...
2023-09-2636 minBusiness Strategy for CPA's259 Permission to Stop Being Superhuman with Michael Berry, CPAHey CPA Firm owner, glad you found the podcast. If you feel like you’ve become trapped by your own accounting firm, you’re fed up PiTB clients who get you their stuff late, don’t appreciate the value you provide, and complain to you when you don’t turn it around on a dime, I can help you stop the chaos and end the long hours, without losing revenue. If you like the podcast, join 1300+ other CPAs who get Vitamin G, my daily dose of single-tip business strategy delivered...
2023-08-2336 minConsultants and Money42-BONUS Happy Hour Book Review - Die With Zero by Bill PerkinsEricaGoode.com Another Bonus interview with the debit to my credit, fellow CPA Ben Goode. We're talking about the book Die With Zero: Getting All You Can From Your Money and Your Life, by Bill Perkins while enjoying a cold one from the Grand Teton Brewing Company Some of what we cover: How much money should we save over a lifetime When's a good time to give it away? The concept of time-bucketing And so much more! Find Die With Zero on Amazon...
2023-08-1841 minBusiness Strategy for CPA's254 Freedom to Choose Not to Double Revenue with Prithi Daswani, CPAHey CPA Firm owner, glad you found the podcast. If you feel like you’ve become trapped by your own accounting firm, you’re fed up PiTB clients who get you their stuff late, don’t appreciate the value you provide, and complain to you when you don’t turn it around on a dime, I can help you stop the chaos and end the long hours, without losing revenue. If you like the podcast, join 1000+ other CPAs who get Vitamin G, my daily dose of single-tip business strategy delivered...
2023-07-2642 minBusiness Strategy for CPA's253 When you need to explore, with Rebecca Driscoll, CPAHey CPA Firm owner, glad you found the podcast. If you feel like you’ve become trapped by your own accounting firm, you’re fed up PiTB clients who get you their stuff late, don’t appreciate the value you provide, and complain to you when you don’t turn it around on a dime, I can help you stop the chaos and end the long hours, without losing revenue. If you like the podcast, join 1000+ other CPAs who get Vitamin G, my daily dose of single-tip business strategy delivered...
2023-07-1938 minConsultants and Money39-Taxes & running your business abroad with Laurie Marson, CPAThinking about spending time abroad and running your coaching or consulting business outside of the US? In this episode, I'm joined by Laurie Marson, CPA, who breaks down the complexities of working as a self-employed expatriate and how it affects your taxes. Find complete show notes here: https://www.ericagoode.com/podcast/ep39 Connect with Laurie Marson: http://www.marsonaccts.com/ laurie@masonaccts.com Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup ***FRE...
2023-06-1337 minConsultants and Money38-Top Episodes & Summer PlansThis episode talks about: Top episodes since the podcast launch Future plans for the podcast Episodes Referenced: If you're just starting out: Ep 3 (10/4/22) - Business Money 101: Financial Foundations Ep 4 (10/11/22) - Business Money 101: LLCs & EINs Ep 5 (10/18/22) - Business Money 101: Business Insurance Ep 6 (10/25/22) - Business Money 101: Bank Accounts Ep 7 (11/1/22) - Business Money 101: Bookkeeping Processes If you're thinking of scaling your business: Ep 29 (3/28/23) - Scaling the soloist business model with Jonathan Stark and Rochelle Moulton Ep 24 (2/28/23) - The truth about membership programs with Natalie Eckdahl If you have the same question everyone else has: Ep25 (3/7/23) - How to...
2023-05-3006 minConsultants and Money37-Gaining Confidence in Business Decisions with Fathom Do you want to feel empowered in your small business financial decisions? Are you tired of feeling unsure about your finances? Today I'm sharing an interview with Fathom, the financial forecasting software that I use. We discuss a solution - proactive financial planning that leads to decisive and confident choices. Say goodbye to financial stress and hello to financial confidence. When you can avoid guessing, you have an opportunity to make an educated decision that you feel confident about. - Erica Goode Learn more about Fathom here. ...
2023-05-2329 minConsultants and Money36-Navigating Midlife with Olympic Gold Medalist, Joe Jacobi"To help people ignite their second wind, and to confront midlife transitions with meaning and adventure." Olympic gold medalist, author, performance coach, resident-of-Spain, and mid-lifer, Joe and I connect some of the dots between midlife transitions, spiritual components, financial preparedness, how to "do the work" and (maybe more importantly), how to let go! As he shared his personal story, some of the topics we covered are: What exactly IS midlife? Some of the deep, powerful, and meaningful, work he processed The relationship between purpose and our inner/outer voices How to reset and redefine h...
2023-05-1645 min
Business Strategy for CPA's243 15 Hour Weeks, $200K, 70%+ Margins, with Erica Goode, CPA*Want one piece of business strategy delivered daily to your inbox?* Subscribe here: geraldinecarter.com/subscribe Niching is not a one-time task but an ongoing discovery process and refining and developing your expertise. It can be a powerful tool for CPAs who want to build a thriving practice while enjoying the freedom to work with the clients they love and set prices in a way that reflects the value they create. Erica Goode shares the challenges she faced when she started her business and how niching helped her build a more...
2023-05-1037 minConsultants and Money35-Saving Money with ChatGPT Can ChatGPT save your business money? Can ChatGPT make the hours you work more profitable? How can we as business owners leverage the power of AI to make our services more fluid, and our processes more time-efficient? Tune in to today's episode where I answer these burning questions...and more. And I'll provide some inspiration for not only how to use it in your business...but why! (Using ChaGPT, of course!) AI will never replace what only YOU can provide to your clients, but as a soloist, AI can help you be more profitable and e...
2023-05-0914 minConsultants and Money34-Happy Hour Retirement Talk with Ben Goode, CPA - Part 2Last week I shared pat 1 of a happy hour conversation that my husband and fellow CPA, Ben Goode, and I had about retirement. If you haven't already, you can catch that episode here. Today we're wrapping up our conversation and talking through... Social Security - will it be here when I'm ready to retire? Updates about Congress' new law, the SECURE Act 2.0 (and what it means for you) How college savings and retirement savings can play together And a neat trick that allows you to travel around t...
2023-05-0222 min
The Accounting PodcastWhat AI Will Automate In Accounting with Erica Goode, CPAFTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more!SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowChapters(00:00) - CAP 329
(00:39) - PREVIEW: How ChatGPT saved Erica
(01:09) - Introduction
(07:48) - FTX had 80,000 transactions in Ask My Accountant
(12:04) - Blake plays a clip from the All-In podcast on AI accounting
(17:25) - ChatGPT vs real accountants and students on tests
(25:48) - Hector Garcia's example of using ChatGPT for analysing financial statements
(31:24...
2023-04-271h 11Consultants and Money33-Happy Hour Retirement Talk with Ben Goode, CPA - Part 1In episode 12, I had a casual conversation with fellow CPA, and my hubby, Ben Goode about Top Idaho Breweries and Tax Write-Offs Today's episode is part 1 of another "Happy Hour" conversation, where we're talking about retirement plans (ours and things you might want to think of, too) and sharing our thoughts on these topics: Can you save too much for retirement? Retirement savings for W-2 earners vs. small business owners Different retirement savings plans for the self-employed and the approach they need to take. Check back next week for...
2023-04-2523 minConsultants and Money32-Happy Tax Day!Happy Tax Day! This is your friendly reminder that if you haven't already, today's the day our taxes are due. And if you've filed an extension - no shame in that, either - you still have to pay Uncle Sam if you owe them anything. So there's that :-( But to help take the sting out of the day, check out some of the Tax Day deals I found! How does a no-cost cookie, discount chicken meal, or free hydromassage sound? See, it's not all bad... Find some sweet "tax day"...
2023-04-1804 minConsultants and Money31-Should I be Paying Quarterly Estimated Taxes?There are good surprises…and bad ones. Bad ones can happen when you haven't been on top of your quarterly estimated tax payments. So today that's what I'm talking about, and how you can prevent a bad surprise. I'll explain: What exactly are estimated payments, When quarterly estimated payments are actually due (take notes, 'cause they are not exactly quarterly), Who this applies to and how to figure out how much money to set aside, Ways you might get "into trouble", and finally How to do a...
2023-04-1117 minConsultants and Money30-Extending Your Tax Deadline: Do I Still Have to Pay On Time?Get me in your inbox Tax season is almost here, which means one of two things: You're all ready to file and pay and move on with life, or... You're all ready to file an extension and keep working on getting your "tax act" together Either way, the bottom line of today's episode is something we all need to know. I'll be talking about: How a tax extension is defined by the IRS How penalties work: how much they are and when they start The...
2023-04-0411 minConsultants and Money29-Scaling the Soloist Business Model with Jonathan Stark and Rochelle MoultonAs a bookend to episode 24, where I talked about an agency business model, today I interview Jonathan Stark and Rochelle Moulton, co-hosts of "The Business of Authority" podcast. We discuss how you can still scale up your business using a soloist or solo consultant model, including: The business of scaling up and creating leverage without the agency model How to get past being paid per hour (creating leverage) Common income plateaus and how to shift into a more profitable situation What to consider as you hit that plateau...
2023-03-2844 minConsultants and Money28-Which Business Model is Right for Growing Your Business?Everyone has a "trailhead" at the start of their business. There are many business models to choose from, but when you're first starting out, you often don't have a clear vision of what your business will look like in 5 years… Eventually, if you want to meet goals and continue to grow your business, you'll need to know how you will move forward. Only you know what business model fits your goals and will help you achieve what you want. Listen to today's episodes for some thoughts on possible business models, and how you ca...
2023-03-2110 minConsultants and Money26-Mailbag Questions #1: IRS audits, Bookkeeping AI, New Business TaxesGet on the email list I'm responding to a few questions that I've received in my DMs and email from clients and listeners. Maybe one of them is yours! (And if it isn't and you DO have a burning question, please send it along and I may answer it in a future episode.) Questions answered: 1 - "How do you file taxes when you just start a business and have minimam profit? Can I still file with my spouse?" 2 - "What do you think of FlyFin and other bookkeeping AI? ...
2023-03-1420 minConsultants and Money25-How to Pay Yourself from Your Business - Salary vs Owner Distributions vs ProfitToday I'm sharing the short-but-sweet answer to a question that is on EVERY new business owner's mind: "How do I pay myself?" It's really not a complicated answer, but here it is: How you pay yourself from your business depends on how your business is structured (legally) and taxed (by the IRS) I'll talk through: How to take an owner distribution How frequently I recommend paying yourself Paying yourself as a sole proprietor vs an LLC vs an S-corp ***** And if you need...
2023-03-0710 minConsultants and Money24-The truth about Membership Programs with Natalie EckdahlAre you planning to add an online membership program to your business in 2023? Some entrepreneurs see a membership as a way out of done-for-you service work. And many business owners are under the impression that memberships are easy to launch and scale, but they don't always turn out to be the easy money-makers they seem to be. You CAN scale your service-based business without memberships, or other group programs. In this loaded interview Natalie Eckdahl, CEO of Biz Chix, and I talk through the pros and cons of having a membership site and...
2023-02-2854 minConsultants and Money23-Maximize your profitability by understanding your customer's lifetime value**MAIL BAG LINK** Have a question about business money, taxes or QuickBooks? I want to hear them. I'm doing an upcoming "Mail Bag" episode where I will answer your questions. Here's the link to my "Mail Bag" - submit a question for me to answer on the Podcast. Remember, no question is "little" or "silly". And if you're still nervous, I'm happy to keep them anonymous. Oftentimes service-based business owners, such as coaches and consultants, fail to consider the long-term value that they can bring to their clients and the lif...
2023-02-2113 minConsultants and Money22-Cash flow forecasting and business planning with Erin HarriganBusiness coach, Erin Harrigan and I recently met for a planning strategy session, and she shares not only how she approached cash flow planning and paying herself before we'd met, but more importantly, what changed after our session. If you think a strategy session may help you, you're in luck! I've opened up my waiting list and will be filling up my calendar starting this April. Get on the waitlist now by using this link: https://www.ericagoode.com/contact Erin Harrigan is a Christian wife, empty nest mom, speaker, author, and business c...
2023-02-1440 minConsultants and Money21-What's an S-Corp? And When Should I Become One?Ever heard of the term "S-corp"? No clue what it means? No? Perfect - you're in the right place. In today's episode, we're talking all about S-corp basics. This is for the business owner who has less than $100K in revenue and has heard the term but has no clue what it means. Or just someone wondering if they should be an S-corp. (Spoiler alert: you'll know by the end of this episode!) We'll be talking about: The definition of an S-corp, and how it differs from an LLC How the IRS taxes them (as...
2023-02-0717 minConsultants and Money20-Tax Basics...with ostriches and saladsToday we're hitting tax basics at a really high, 30,000 ft view level. A level that that anyone can understand. I'm not saying you have to actually do your own taxes after this (I trust that it's probably not your favorite thing), but you can at least feel confident in talking about it and thinking through it for your business. In this episode, I will explain the basic flow of your business taxes, which includes: The role of (and reason for) clean bookkeeping What exactly a P&L is, and how it fits into your t...
2023-01-3126 min
Redefining Hustle: Navigating Success as a Christian WomanFinancial Must-Haves with Erica Goode – Episode 185Are you ready to level up your business financials as you prepare to scale or even refine in 2023? Or are you among those with an established business but no clear picture of your financial foundation? (I was raising my hand here in 2022!) Or maybe you just need a refresher on financial must-haves.
This month we've been focused on the practical implementation of redefining hustle, and this week I welcomed CPA/CFO and my friend, Erica Goode, to share her wisdom on three financial must-haves for your business at every stage. While I've got some highlights below, I know you'll gain...
2023-01-3020 minConsultants and Money19-Are you REALLY selling grill brushes?I recently received an ad for grill brushes. It brought back some memories about a story I'd heard years ago... Which got me thinking about my business - and yours. Your takeaway in this short-but-sweet episode: Whether you sell a product or a service, think about your customer and what they are actually buying when they work with you. It may change the way you look at not only what you do, but how you market it! Listen in for all the details! Connect with Erica: Instagram @erica.goode.cpa Lin...
2023-01-2406 minConsultants and Money18-Free Airfare for 2 Years With This Credit Card HackI'm sharing a bit more about your personal money than your business in today's episode. (But hey, if you can spend a little less in your personal life…that means you don't have to work as hard to make more in your business, right?) This is a legit process that I use and have used with my own family to save money when we travel. Enter the free Companion Pass on Southwest Airlines! (And if you're still a bit sore at them after the 2022 holiday travel mess, or Southwest doesn't fly out of your airport) lo...
2023-01-1731 minConsultants and Money17-Moving from Corporate to Consulting with Karen LaosIndeed there is no one way or "right" way to go from corporate to entrepreneurship. In today's episode, I interview Karen Laos and we compare notes about our own journeys. If you're on the fence, or ready to jump, into being your own coach or consultant, this is THE episode to listen to. Karen Laos, a communication expert and confidence cultivator, leverages 25+ years in the boardroom and speaking on the world's most coveted stages to guide corporations and individuals with her tested communication model to generate consistent results for women leaders as a coach, corporate...
2023-01-1041 minConsultants and Money16-Update - 1099 Law ChangeNEWS FLASH! There was a 1099 law change on Dec 23rd (after I recorded the original Episode 16 that dropped today). First, listen to Episode 16 Then, listen to this bonus to find out: What the law change was What it means for coaches and consultants filing 1099s in January 2023 Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
2023-01-0307 minConsultants and Money16-Who Do I Need to Send a 1099 To?Happy New Year and "welcome back" to business... This is an intense, but necessary episode. Inside I cover: What is a 1099? Who you need to send a 1099 to and who you don't? How do you send a 1099? What to do when you receive a 1099? It's a lot, so save this episode, go back and listen to it - but don't ignore your 1099s ***FREE Tax Deduction Guide*** Don't forget to download my free guide called 6 Don't-Miss Tax Deductions for Coaches. There's a simple cheat sheet included for those of yo...
2023-01-0322 minConsultants and Money15-Is Your Christmas Present Tax Deductible?Hey, I have to pay taxes...you have to pay taxes...we all have to pay taxes! But don't pay more than you have to! Take a listen to episode 13 for what you can't deduct...but listen in to see what you CAN deduct this Christmas! I'm soo happy to share this with you! ***FREE Tax Deduction Guide*** Don't forget to download my free guide called 6 Don't-Miss Tax Deductions for Coaches. There's a simple cheat sheet included for those of you who like to skip to the en...
2022-12-2712 min
Ditching HourlyErica Goode, CPA - Inflation, Recession, Cash flow, and TaxesCPA Erica Goode joined me on Ditching Hourly to talk about how coaches and consultants should think about inflation, recession, cash flow, and taxes.Erica's Bio:Erica Goode, CPA owns an accounting firm serving coaches and consultants through accounting and CFO services.Erica's Newsletter: https://www.ericagoode.com/newsletter-signupErica's Podcast: Coaches, Consultants, and Money (available everywhere, but here's the iTunes link)NOTE: Episodes 3 - 7 are "Business Money 101" and a great place to start.
----Do y...
2022-12-2059 minConsultants and Money14-Top Business Books of 2022I've never been a big fan of reading, but once I found the genre that caught my interest, I was hooked. So grab a cup of something that warms you up, get comfy by the fire, and listen as I share my "top 3" business book titles, and why! #1 - The Psychology of Money by Morgan Housel #2 - Miss Independent by Nicole Lapin #3 - Rejection Proof: How I Beat Fear and Became Invincible by Jia Jiang Bonus: Come Fly the World by Julia Cook ***FREE Tax Deduction Guide***
2022-12-2011 minConsultants and Money13-What You SHOULDN'T Deduct As a Coach or ConsultantHere's a list of things I see lots of coaches or consultants try to deduct on their taxes. Check yourself, or better - check with your accountant - before you write these off. I may get some pushback on this, but, friends, trust me, the IRS won't like it ;-) Listen to my list of 3 and feel free to let me know your thoughts. And definitely stick around to the end where I explain a mileage deduction adjustment that the IRS implemented this year which you may not know about! ...
2022-12-1308 minConsultants and Money12-Idaho Special: Top 3 Breweries and Tax IncentivesToday, I have a VERY special episode with fellow CPA (and my hubby!), Ben Goode. Together, we're going to hit on our Top 3 Idaho Favorites...HIS: Idaho breweries, HERs: Idaho Tax Credits and Deductions From a tax standpoint, I'll hit tax incentives that are specific to Idaho residents: Educational charitable giving 529 / college savings plans in Idaho Wood burning stove replacements Plus, you get to hear our married banter :o) Enjoy! ****** FREE TAX GUIDE for COACHES Get it here!! ****** Connect with Ben...
2022-12-0637 min