Shows
Blood, Sweat & BusinessHow 1099s Helps Your Small Business SAVEThis episode of Kaizen Time delves into the crucial topic of 1099 forms and their significance for small businesses. It explains how these forms serve as a tool for the government to track income and ensure tax compliance, while also highlighting their importance for businesses in claiming legitimate deductions. The discussion covers common pitfalls, such as paying contractors in cash to avoid reporting and the consequences of inaccurate or missing 1099s. Practical advice is provided on using W9 forms to collect necessary information and the potential repercussions of non-compliance, including penalties and the risk of audits. Ultimately, this episode offers...2025-05-0808 minBlood, Sweat & BusinessWhy You Never Hear Back From Your AccountantThis episode of Kaizen Time addresses a common frustration among small business owners: the lack of timely communication from their accounting services. It explores the traditional accounting model, which often leads to delayed responses and limited proactive advice, and contrasts it with a more modern, client-focused approach. The discussion emphasizes the importance of frequent communication, a team-based service model, and a deep understanding of the unique needs of small businesses. By focusing on hyper-communication and establishing clear response standards, accounting services can foster stronger, more proactive relationships with their clients, ultimately providing greater value and support for business growth.2025-05-0114 minBlood, Sweat & BusinessHow to Avoid a Surprise in Your TaxesThis episode of Kaizen Time addresses the common issue of surprise tax bills faced by many small business owners, highlighting the pitfalls of reactive, end-of-year accounting practices. Experts emphasize the importance of proactive tax planning and consistent, ideally monthly, financial reviews to avoid overpaying on taxes and ensure accurate financial management. By maintaining regular communication with their accounting service and implementing structured processes, such as strategy sessions and thorough bookkeeping, business owners can gain a clearer understanding of their financial situation and make informed decisions regarding investments, acquisitions, and other significant transactions. This approach facilitates a more predictable and...2025-04-2409 minBlood, Sweat & BusinessHow Often Should You Get Financial Statements?This episode of Kaizen Time explores the potential pitfalls of missed tax payments for small businesses. We discuss the various types of missed payments, from estimated taxes for S Corps and C Corps to payroll taxes and corporate tax returns, and the resulting penalties and interest. Learn how to minimize penalties by catching up on payments quickly and understanding the IRS's calculation methods. We also cover strategies for abating penalties, including first-time abatement and special considerations for partnerships. This episode provides valuable financial advice for small business owners, emphasizing the importance of staying current with tax obligations and communicating...2025-04-1711 minBlood, Sweat & BusinessMake More Off Your Auto PartsThis episode of Kaizen Time, part of the Blood, Sweat, and Business podcast, addresses a significant yet often overlooked financial challenge faced by small business owners, specifically those in the auto repair industry: profit leakage due to untracked parts. The discussion explores how neglecting to properly account for parts used in repairs can lead to substantial financial losses, far exceeding the initial cost of the missing items. Experts delve into various solutions, ranging from improving internal accounting processes and manual audits to leveraging specialized software, emphasizing the importance of proactive inventory management and accurate data entry within CRM systems...2025-04-1012 minBlood, Sweat & BusinessHow to Motivate Employees WITHOUT MANAGINGThis episode of Kaizen Time explores effective strategies for motivating employees and fostering teamwork within a small business. We discuss the limitations of traditional motivators like money and fear, and delve into the power of peer pressure and transparency. Learn how implementing structured goals, regular feedback, and group incentives can encourage collaboration and accountability among team members. This episode offers valuable financial advice for small business owners looking to improve employee engagement and productivity.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.comSend us an email: b...2025-04-0309 minBlood, Sweat & BusinessAVOID Tax Penalties With These Simple StepsThis episode of Kaizen Time explores the potential pitfalls of missed tax payments for small businesses. We discuss the various types of missed payments, from estimated taxes for S Corps and C Corps to payroll taxes and corporate tax returns, and the resulting penalties and interest. Learn how to minimize penalties by catching up on payments quickly and understanding the IRS's calculation methods. We also cover strategies for abating penalties, including first-time abatement and special considerations for partnerships. This episode provides valuable financial advice for small business owners, emphasizing the importance of staying current with tax obligations and communicating...2025-03-2709 minBlood, Sweat & BusinessWhy Use a Payroll Service in 2025? This episode of Kaizen Time explores the evolution of payroll services and how they can benefit small businesses. Discover how modern payroll services go beyond simply cutting checks to include HR functions and compliance features, saving businesses time and money. Learn how these services can help with onboarding, employee handbooks, leave management, and staying up-to-date with ever-changing regulations. Find out how automating these essential tasks can free up valuable time for small business owners to focus on growing their business. Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https...2025-03-2007 minBlood, Sweat & BusinessHow to Keep Track of Employee Leave LawsThis episode of Kaizen Time delves into the complexities of employee leave laws and the importance of compliance for small businesses. We discuss the ever-changing landscape of leave regulations, including newer laws like school visitation leave and pay transparency requirements, and the potential consequences of non-compliance. Learn how partnering with a payroll provider can help your business navigate these complexities, ensure accurate classification of employees, and avoid legal and financial repercussions. Discover how staying informed and compliant with leave laws can contribute to a positive work environment and employee morale.Subscribe for more valuable insights to help...2025-03-1310 minBlood, Sweat & BusinessCommonly Misclassified ContractorsMany small businesses struggle with properly classifying workers, often misclassifying W2 employees as 1099 contractors. This episode of Kaizen Time, part of the Blood, Sweat, and Business podcast, explores the costly consequences of this misclassification, particularly within industries like construction, restaurants, bars, and retail. The discussion covers the distinctions between legitimate 1099 contractors, such as specialized service providers with their own businesses, and employees who should be classified as W2. The episode delves into the reasons businesses might misclassify employees, like attempting to avoid paying benefits, unemployment tax, or workers' compensation, and how these perceived cost savings can lead to significant fin...2025-03-0610 minBlood, Sweat & BusinessHow to Deduct Business TravelBusiness travel can significantly impact a small business's finances. This episode of Kaizen Time provides essential guidance on maximizing tax deductions for your business trips. We'll cover the necessary documentation to support travel expenses, including transportation, lodging, and meals. We'll also discuss the rules for deducting travel expenses for family members and international travel. Gain valuable insights into minimizing your tax burden and optimizing your travel budget for your small business. Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #Sma...2025-02-2710 minBlood, Sweat & BusinessHow to Maximize Your Tax Savings With a Work VehicleWork vehicles are a significant investment for any small business, impacting both operating costs and tax liabilities. This episode of Kaizen Time provides valuable insights into managing work vehicle expenses effectively. We'll discuss key factors that determine vehicle tax deductions, including usage percentage, vehicle weight, and cargo capacity. Learn how to maximize deductions and minimize the financial burden of operating company vehicles, improving your overall financial health as a small business. Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpa...2025-02-2015 minBlood, Sweat & BusinessWhere is my Money? Profit versus Cash FlowFor many small business owners, understanding the difference between profit and cash flow is a critical yet often overlooked aspect of financial management. This episode of Kaizen Time delves into the complexities of cash flow, exploring why a profitable business might not always translate to a healthy bank balance. We'll discuss key concepts like accounts receivable, accounts payable, and inventory, and how these factors impact your business's cash flow. Gain valuable insights into improving your cash flow management and ensuring your small business has the financial stability it needs to thrive.Subscribe for more valuable insights to...2025-02-1313 minBlood, Sweat & Business5 Things EVERY Small Business Should Do in 2025Every small business could use a tune up and what better time to do it than the beginning of 2025? These are 5 simple tips that can have a dramatic impact on your company over the course of the year. Stay tuned for financial insights that will boost your business throughout the year.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2025-02-0611 minBlood, Sweat & Business5 Simple Steps to Set Your Auto Repair Shop up for Success in 2025Every new year brings with it challenges and opportunities, 2025 is no different. On this week’s podcast we have 5 simple things that EVERY Auto Repair Shop can do to set themselves up for success. Yes, adjusting your parts pricing matrix is on the list, but others may surprise you.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2025-01-3015 minBlood, Sweat & BusinessHow to Make a Budget that WORKS in 2025Have you started a budget for your small business? No? Well, if you haven’t it is never too late to get started. A budget will help you track where you stand from your incoming and outgoing funds. On this episode we go through the details of budgets and how they are critical to a small business’s success.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2025-01-2313 minBlood, Sweat & BusinessShould You Switch from a Single-Member LLC to an S-Corp?Switching from a single-member LLC to an S Corporation (S-Corp) is an important decision and one that shouldn’t be taken lightly. Some small businesses do best as an LLC, especially if they are comfortable where they are. But if what if you want to grow your business? Is an S-Corp the right choice? Tune in to this episode of Kaizen Time to find out if this is the best move for your business.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: b...2025-01-1611 minBlood, Sweat & BusinessLessons Learned From 2024: Tax Tips and Stories that could save your business THOUSANDS!Every year people and business owners alike make plans to turn things around… but how? Over the years we’ve seen thousands of tax returns and know what it takes to clean them up, it is easier than you think. On this episode of Kaizen Time, we go through the individual steps you can take to make this your year!Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork2025-01-0916 minBlood, Sweat & BusinessHow Your HSA could provide you a TRIPLE BenefitA health savings account (HSA) is the only vehicle that provides you a TRIPLE benefit. You can bring funds in, grow funds and withdraw them tax free! Want to know how? Tune in to this episode of Kaizen Time and get prepared to invest more into your HSA.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2025-01-0213 minBlood, Sweat & BusinessHow Amortization and Depreciation can save your business THOUSANDS!Amortization and depreciation are both accounting methods used to spread out the cost of an asset over its useful life. The main difference between the two is that amortization is used for intangible assets, while depreciation is used for tangible assets. But what does all that mean? On this episode of Kaizen Time, Eric explains how these two methods can save your business thousands your businesses’ life.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureof...2024-12-2612 minBlood, Sweat & BusinessHow to be Prepared for a Worker's Comp AuditWorker’s compensation is an essential piece to any business big or small. As part of any worker’s comp policy there may also be an audit, and you don’t want to be caught by surprise. On this episode of Kaizen Time, we share tips that will help your small business no matter your industry.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2024-12-1908 minBlood, Sweat & BusinessThe BIG change behind salaried employees and overtimeThe law behind payroll is always changing and it is difficult to keep up, with penalties that can be catastrophic. This year stipulations behind salary have changed, specifically revolving around overtime. Make sure you aren’t caught in the crosshairs of the IRS by staying within the ever-changing rules.Subscribe for more valuable insights to help your small business thrive.💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork2024-12-1206 minBlood, Sweat & BusinessHow Charitable Contributions Help Your Business and the CommunityAs we move into the holidays charitable contributions becomes a hot topic. Not only is it good for your community, but it can also provide a benefit to your business as well. There are different ways to shoulder the cost of your services and on this episode of Kaizen Time we share what options may work best.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2024-12-0511 minBlood, Sweat & BusinessDo you want to hire an employee or a subcontractor?The choice between choosing a subcontractor or an employee is a lasting one. It is a balancing act between benefits, hours, pay and far more. On this episode of Kaizen Time, we discuss the process to use when choosing what works best for your company and the work that needs to be done. One piece of advice, if it walks like a duck, talks like a duck, it is a duck. Same for employees or subcontractors.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an e...2024-11-2815 minBlood, Sweat & BusinessHow to Work with Subcontractors the RIGHT WAY!What are the best practices when working with subcontractors? Some may come into your business to do work, but others may be representing you. Eric goes over best practices when working with subcontractors and what to ask from the moment they step on to your property.Subscribe for more valuable insights to help your small business thrive. 💼💰 Kaizen CPAs + Advisors: https://www.kaizencpas.com Send us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning #futureofwork 2024-11-2109 min
CPA LifeFrom Tradition to Transformation: Catalyzing GrowthEric Joern started his accounting career at James Hamlin & Co., a traditional firm founded in the 1960s in Antioch, Illinois, right out of college. He joins John Randolph on Episode 54 of CPA Life to talk about his role in transforming that firm into Kaizen CPAs and Advisors, where he now serves as partner. Doing away with traditional CPA practices to focus on team wellbeing, sustainability, and national impact, Eric shares his journey, the firm's rebranding efforts, and strategies for maintaining a balanced work environment. With a roughly 50/50 split between in-office and remote workers, systems and processes are key to...2024-11-1345 min
The CPA Marketing Genius PodcastEpisode 044: Increase Productivity Through The Use Of AI Technology With Manuj Aggarwal[00:01 - 01:10] Opening Segment Salim Omar, CPA introduces Manuj Aggarwal to the show!Manuj Aggarwal started as a factory worker and went on to become an elite technology consultant and business mentorHe is recognized as one of the top 500, global thought leaders in AI and startups by Brain Z magazine[01:11 – 07:43] Achieve Success And Reduce StressIncrease your self-worth and focus on discovering what value he could create in the worldCPAs should look at how they can make a bigger impact on more peopleOffer something of value to their clientsLife never lets us down and we should have the...2023-08-0424 min
The Real Estate Investing ClubBecome a Passive Cash Flow Leader with a Deferred Sales Trust with Brett Swarts (The Real Estate Investing Club #317)Want to defer taxes? This is your episode. In this episode of The Real Estate Investing Club I interview Brett Swarts, Capital Gains Tax Solutions is a national Deferred Sales Trust (DST) Trustee firm. We exist to provide one-to-one business owner & investor guidance throughout your or your client’s entire Deferred Sales Trust™ transaction. Capital Gains Tax Solutions team members collectively have over 14 years of Deferred Sales Trust experience, 20 years of investment real estate experience, and have participated in over 400,000,000 of Deferred Sales Trust, Multifamily Brokerage, Delaware Statutory Trust, 1031 exchanges, and commercial real estate transactions. We strategically align with CRE...2023-03-0832 min