TopPodcast.com
Menu
  • Home
  • Top Charts
  • Top Networks
  • Top Apps
  • Top Independents
  • Top Podfluencers
  • Top Picks
    • Top Business Podcasts
    • Top True Crime Podcasts
    • Top Finance Podcasts
    • Top Comedy Podcasts
    • Top Music Podcasts
    • Top Womens Podcasts
    • Top Kids Podcasts
    • Top Sports Podcasts
    • Top News Podcasts
    • Top Tech Podcasts
    • Top Crypto Podcasts
    • Top Entrepreneurial Podcasts
    • Top Fantasy Sports Podcasts
    • Top Political Podcasts
    • Top Science Podcasts
    • Top Self Help Podcasts
    • Top Sports Betting Podcasts
    • Top Stocks Podcasts
  • Podcast News
  • About Us
  • Podcast Advertising
  • Contact
Not in our directory?
Add Show Here
Podcast Equipment
Center

toppodcastlogoOur TOPPODCAST Picks

  • Comedy
  • Crypto
  • Sports
  • News
  • Politics
  • True Crime
  • Business
  • Finance

Follow Us

toppodcastlogoStay Connected

    View Top 200 Chart
    Back to Rankings Page
    Business

    Keep What You Earn

    Keep What You Earn is the podcast for aesthetics and wellness practice owners who want to scale profitably and build a business that is actually worth something.

    Hosted by Shannon Weinstein, CPA and Fractional CFO, this show is designed for med spa owners generating $1–5M in revenue who are ready to move beyond reactive decision-making and into disciplined, strategic growth.

    If you’re trying to break past the $2M ceiling, improve cash flow predictability, increase margins, open additional locations, or prepare your practice for a future sale, this podcast gives you the financial clarity to do it confidently.

    Each episode focuses on the financial building blocks that determine whether your practice scales smoothly or stalls under pressure, including pricing discipline, operating margin control, cash flow forecasting, customer lifetime value, and enterprise value planning. This isn’t about more spreadsheets. It’s about financial leadership.

    Whether you’re preparing for expansion or positioning your practice to sell, Keep What You Earn helps you think like a CFO and operate like a CEO.

    [Disclaimer: Any opinions, recommendations, and tips offered on this podcast or other social media forums do not constitute individual tax or accounting advice. This content is designed to provide education and awareness about financial topics and responsibility for the benefit of the general public. Please consult a professional before implementing any of the suggestions made by Shannon or Keep What You Earn Co.]

    Advertise

    Copyright: © 2021 All rights reserved Fitnancial Solutions.

    • Apple Podcasts
    • Google Play
    • Spotify

    Latest Episodes:
    How Do I Know if I Need to Collect and Pay Sales Tax? May 29, 2023
    Show notes

    I want to tackle a question that plagues many business owners: Do I need to collect and remit sales tax? This can be a complex question depending on your type of business, how you operate, and who your customers are but by the end of the episode, hopefully you;ll have a bit more clarity.

    We'll discuss the factors that determine if sales tax applies to your business or services, understanding the concept of nexus, and how to determine which states require you to charge sales tax.

    Lastly, I'll touch the importance of accurately tracking sales tax through your business and why it is crucial to do so. Tune in to gain clarity on these sales tax considerations for your business.

    What you'll hear in this episode:

    [0:50] Many business owners are unsure whether they need to collect and remit sales tax. This episode should help you answer this question.

    [2:23] How do you know if sales tax applies to your business or services?

    [3:12] Identifying what states you may be subject to income tax based on your physical location, sales locations, and inventory locations. Understanding the term "Nexus".

    [5:15] Finding out which states that you have obtained nexus charge sales tax on your product or service.

    [7:00] In a digital business, how do you figure out where your clients are purchasing from?

    [9:35] How does sales tax flow through your business and why is it so important to track this accurately?

    Tax Jar Link: https://partners.taxjar.com/english/directory/partner/1402654/fitnancial-solutions

    Related Episodes:

    How to Pay Yourself Based on Your Business Structure

    What is a W-9 and Who Needs One?

    Are GoFundMe Donations Deductible?

    Resources:

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Tips for Negotiating Business Deals May 26, 2023
    Show notes

    I am discussing the importance of negotiation in business and some tips to help you get ahead. Research and preparation are essential before entering any negotiation. Understanding the other party's position and alternatives can help you prepare. It's also crucial to understand who holds more leverage when going into the conversation.

    Another critical aspect of negotiating a deal is to not fixate on price but rather on the overall value that a deal can bring. And remember, think long-term. Look beyond short-term gains and consider the potential long-term value of the agreement. Don't be afraid to walk away from a deal that doesn't benefit both parties. Sometimes, focusing on building a strong relationship is more valuable than the immediate deal.

    Join me in this episode of "Keep What You Earn" to master negotiation strategies and thrive in the complex world of business negotiations.

    What you'll hear in this episode:

    [0:50] Many aspects of business are negotiations, whether you realize this or not.

    [2:00] Do your homework and research before entering into any negotiation

    [4:28] Know who has more leverage when entering into the conversation.

    [6:00] Be prepared to walk away from a deal if it is not mutually beneficial.

    [8:00] Sometimes it is more beneficial to focus on the relationship with a person, than the deal at hand.

    [9:40] Focus on value, not price.

    [12:22] Try to not focus on the short-term outlook when negotiating, try to focus on the potential long-term value of the deal.

    Related Episodes:

    Why 100% Employee Retention Should Not Be Your Goal with Jason Weinstein

    Cash Flow Series Part 1: How to Measure Cash Flow

    Cash Flow Series Part 2: How to Maximize Cash Flow

    Resources:

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Synching Your Business with Your Cycle with Melissa Rodriguez May 25, 2023
    Show notes

    I have the pleasure of speaking with Melissa Rodriguez, an inspiring force of nature who is not your average marketing expert. Melissa is a digital nomad and entrepreneur who has created a coaching business that helps female entrepreneurs tap into their unique feminine energy and menstrual cycles to unleash their full potential.

    During our conversation, Melissa shared with me her insights on cycle syncing in business and how it can be leveraged to increase productivity. She broke down the phases of the menstrual cycle into easy analogies for understanding and explained how different phases align better with certain activities. I was really impressed by the emphasis on being aware of how each phase impacts you personally and finding ways to maximize productivity even if you cannot arrange your life around your cycles.

    Melissa also shares her insights on how men can use this information to support women in their lives and create a more supportive and understanding environment.

    Overall, Melissa's unique approach and expert guidance make her an ideal ally for any female entrepreneur looking to take their business to the next level. I learned so much from our conversation and I hope you do too. Tune in to learn more about cycle syncing in business and how it can help you unlock your full potential.

    [2:40] Who is Melissa Rodriguez and what is a cycle-syncing business coach?

    [5:45] How can cycle syncing be leveraged in business?

    [9:45] Breaking down the phases of the menstrual cycle into some easy analogies to understand.

    [13:22] Do certain phases of the cycle align better with certain activities?

    [18:30] The importance of awareness during each phase of your cycle to understand how each impacts you personally.

    [24:45] What can you still do to maximize your productivity if you do not have the ability to arrange your life around your cycles?

    [27:31] What is a good first step for someone who wants to begin understanding the impacts of their cycle?

    [34:30] The importance of prioritizing rest, whatever rest means for you, during your menstrual phase.

    [40:42] As a male, how can you use this information to support the women in your life?

    Connect with Melissa:

    Link to the journal on Amazon - https://www.amazon.com/dp/B0BMT47FCJ

    Link to the free training I mentioned - https://melissarj.podia.com/ways-to-grow-your-business-with-the-help-of-your-menstrual-cycle

    IG: @iammelirodriguez

    Website: https://melissarj.com/

    Retreat: https://melissarj.com/the-retreat/

    Related Episodes:

    Getting Out of Your Own Way with Lindsey Mango

    Drown Out the Noise and Do Hard Things with Hannah Wells

    Unlocking The Next Level of Revenue

    Resources:

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Which Financial Professionals Do You Need in Your Business? May 24, 2023
    Show notes

    When starting a business, it is important to have some professional assistance that fits the specific needs of your business.

    Generally, the first step is to hire a bookkeeper to compile and collect financial data and categorize transactions. This is important in making informed business decisions and preparing for taxes. It is not recommended for business owners to do their own accounting unless they have knowledge in the area.

    Then comes the question, who should you hire next? With so many different financial professionals out there, which is the best option to help you with your business?

    As the business matures and revenue increases, it is often beneficial to hire a strategic advisor who can provide guidance on navigating the business and implementing growth strategies. I will cover the different types of professionals and the services they often provide in the episode today.

    What you'll hear in this episode:

    [2:38] What does each type of accountant do?

    [5:23] What is a bookkeeper and what do they do?

    [8:23] What is accounting? What is a tax professional?

    [12:30] What are the layers of professionals that you can use in your business?

    [14:41] The importance of having a tax advisor in your corner.

    * Related episodes:

    The Hidden Costs of Not Hiring a Tax Pro

    CFO vs Accountant: Which is the Right Fit for Your Business?

    How to Hire a Tax Planner with Jackie Meyer

    * Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Defining Your Vision for a Financially Free Life with Brian Luebben May 23, 2023
    Show notes

    I am joined by Brian Luebben, an Entrepreneur, Podcaster, and Real Estate Investor on the show today. Brian has created multiple remote income sources and achieved financial freedom, allowing him to live life on his own terms.

    Brian shares his journey of realizing that the traditional corporate life was not for him, and how he found his passion for traveling the world. He emphasizes the importance of understanding your passion and incorporating it into the life of your dreams.

    Brian also gives his 4-step process for anyone looking to start working toward the life of their dreams. He advises listeners to identify their passion, create a plan, take action, and stay consistent.

    Overall, Brian provides listeners with practical advice on how to pursue their dreams and achieve financial freedom through remote income sources. I thoroughly enjoyed our conversation and hope you all find it as valuable as I did.

    [3:52] Who is Brian and what does he do?

    [5:45] Where did Brian's vision to travel the world originate?

    [12:30] Advice on why you should understand your passion as part of the life of your dreams.

    [16:00] Brian's 4-step process to start working towards the life of your dreams.

    [21:30] How do you find the time to work through the 4-step process while living your current life?

    [24:15] How has Brian's vision evolved as he's reached his "previous" benchmarks?

    [30:30] What are some of the essential skills to invest in that you think are universally useful?

    [36:40] How should you identify a problem to solve with a new business venture?

    Connect with Brian:

    Action Academy Podcast

    IG: @brianluebben

    Related Episodes:

    My Costa Rica Story (Part 1): The Why

    My Costa Rica Story (Part 2): The How

    Getting Out of Your Own Way with Lindsey Mango

    Resources:

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    How to Handle a Negative Business Review May 22, 2023
    Show notes

    I want to discuss how bad reviews can actually be a positive opportunity for your business. I know that receiving negative feedback can be daunting, but it's important to remember that such reviews offer valuable insights into areas where your business needs improvement.

    Negative reviews can be emotionally taxing for business owners, and I understand this very well. It's important to manage your emotional response to such feedback.

    Bad reviews don't have to be a negative experience for your business. With the right mindset and approach, they can be an opportunity to learn and improve. By addressing negative feedback publicly, you can enhance your online reputation and attract new customers. I hope that my advice helps you approach negative feedback in a constructive way.

    What you'll hear in this episode:

    [3:41] My advice if someone does leave you a bad review.

    [6:45] I encourage all of you, to leave positive reviews for businesses that you interact with, if you expect others to do it for your business.

    [9:15] Your emotional response to negative reviews is likely the largest impact on your business, and this is why.

    [11:01] One option is to create a barrier between yourself and negative reviews if they have a significant impact on you.

    Related Episodes:

    Differentiating Yourself Based On Your Values

    Investing in Branded Merchandise Without Wasting Money with Amanda Hofman

    Investing in Your Digital Storefront with Lynzee Krohne

    Resources:

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    How to Build a Solid Financial Foundation in Your Business May 19, 2023
    Show notes

    Tune into this replay of an interview that I did for The Chris Harder Show with Chris Harder.

    Here is the episode recap from Chris:

    One of the biggest mistakes I see new entrepreneurs make is that they start building their businesses in financial quicksand. I'm joined by fractional CFO and tax strategist Shannon Weinstein to break down how to set yourself up for success from day one.

    I ask Shannon about everything from writing off phone bills and meals to how to find the right tax professional. We also talk about how she decided to go all-in on her brand, Keep What You Earn, and what inspired her brilliant approach to marketing. Don't save this episode for Aprilーthe key to being tax savvy is proactivity and preparation.

    What you'll hear in this episode:

    [4:18] Chris asks Shannon, "You walked away from your corporate gig, which paid you multiple six figures, and you've made the transition that everybody hopes to make. So start there. Tell me about this transition. Was it scary? Was it hard? How'd you do it?"

    [5:26] Chris asks Shannon, "What milestone did you have to hit to know that you were secure walking away from that corporate job?"

    [7:40] Chris asks Shannon, "You're also taking care of your husband and helping him out physically a little bit. Do you mind sharing some of that background?"

    [9:30] Chris asks Shannon, "Talk to me about how you reconcile this type of risk-averse personality with the risk that it requires to get into entrepreneurship."

    [11:07] Chris asks Shannon, "Could you explain the difference between just being an accountant and being a fractional CFO and a tax strategist?"

    [15:06] Chris asks Shannon, "When should somebody seek out a tax strategist?"

    [16:50] Chris asks Shannon, "How can somebody know if their tax strategist or accounting team is throwing up some red flags that they should be a little bit concerned about?"

    [19:59] Chris asks Shannon, "What are some more questions that somebody can ask their tax professional to know if they're truly working with the right person or not?"

    [22:12] Chris asks Shannon, "Would you share maybe two or three of the traps that people think they can do but they should be a little bit cautious around?"

    [24:17] Chris asks Shannon, "Let's say somebody buys a few outfits, and they do an all-day photo shoot. Is that deductible?"

    [26:00] Chris asks Shannon, "Now share one or two really fun deductions that people don't think about, or that they typically miss, even if they have just a side hustle."

    [27:18] Chris asks Shannon, "I'm gonna give you some rapid-fire yes or no questions. Can you write off your cell phone bill if you have a business?"

    [28:12] Chris asks Shannon, "Do you have to save receipts?"

    [31:00] Chris asks Shannon, "Do you have a good easy system of taking a picture and storing it somewhere?"

    [31:50] Chris asks Shannon, "We deduct a lot of DoorDash and Uber Eats. Is that deductible or not deductible?"

    [34:00] Chris asks Shannon, "What about writing off the majority of your travel and making up a business reason for it?"

    [35:01] Chris asks Shannon, "If both you and your partner are both officers in the company, can you write off retreats?"

    [35:50] Chris asks Shannon, "Can you explain that Augusta rule a little bit more?"

    [37:47] Chris asks Shannon, "How do you determine how much you should rent your house for?"

    [39:23] Chris asks Shannon, "Why did you start a podcast and commit so heavily to it?"

    [45:03] Chris asks Shannon, "Where can individuals turn to at least get the basic knowledge?"

    * Related episodes:

    Deductions for Retreats and Events

    Worry Less About Efficiency in Your Business

    Unlocking The Next Level of Revenue

    *Link to Chris' Show: https://podcasts.apple.com/us/podcast/the-chris-harder-show/id1215523596

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Starting and Growing a YouTube Channel with Augie Johnston May 18, 2023
    Show notes

    I have the pleasure of discussing YouTube and the online world of long-form content creation with YouTube expert, Augie Johnston.

    Augie works with full-time YouTubers, online personalities, thought leaders, and anyone that creates online videos for their businesses. Augie shares how he got into YouTube as an early platform adopter and has maintained a presence through the years.

    We discuss a common objection that it's too late to get started on YouTube or create an online presence, and how anyone can get started on the platform. Augie also shares tips on how to turn YouTube views into actual income, including leveraging sponsorships, merchandising, and affiliate marketing.

    As YouTube is becoming the new cable TV, this episode is a must-listen for anyone looking to get started on YouTube or build a successful online presence.

    [2:51] What prompted Augie to get into youtube and how early was he to the youtube scene?

    [4:15] What do you say to the person who says that it's too late to get into YouTube or create an online presence?

    [5:59] How does Augie recommend people build a strategy and get started on YouTube?

    [10:30] How do you create YouTube views into actual dollars?

    [12:13] What are some tips to help increase subscribership and growth?

    [16:00] Should you stick to a niche on YouTube or should you try and chase what is popular at the time?

    [17:20] How to make money from ads on YouTube?

    [19:30] How do you overcome some of the barriers to entry to creating video content and what are some easy ways for people to get started?

    [21:15] What does Augie think the future looks like for YouTube and YouTubers?

    Connect with Augie:

    vidchops.com

    @augiejohnston

    * Related episodes:

    Investing in Branded Merchandise Without Wasting Money with Amanda Hofman

    Investing in Your Digital Storefront with Lynzee Krohne

    Turning Tweets to Customers with JK Molina

    * Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Do You Need a CFO in Your Business? May 17, 2023
    Show notes

    Why might a business need a CFO? Some businesses feel that they have a good grip on their finances and can handle everything on their own, which may be true. But what if there were some opportunities being overlooked?

    It is important to have a grounded understanding of a business's financial numbers. As a fractional CFO myself, I am responsible for identifying these gaps and having tough conversations with CEOs to challenge their ideas and ensure focus on what is working and bringing in revenue.

    I will discuss some tips to determine if you should look into a CFO, and how a CFO can guide and coach a business to succeed and grow.

    What you'll hear in this episode:

    [2:24] Why you need a bookkeeper in your business.

    [4:36] What is a CFO and how does it work?

    [7:10] What is a CFO? How is it different from a CPA?

    [10:41] Benefits of a fractional CFO vs a full-time CFO.

    * Related episodes:

    Financial Operations vs. Financial Management

    Things You Should Not Hire an Accountant to Do

    How Do I Break Up With My Accountant?

    * Find my recommendations here: https://www.fitnancialsolutions.com/recommendations

    * Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    IRS Reporting Threshold for the 1099K - Roundtable Recap May 16, 2023
    Show notes

    I recently attended an IRS roundtable on the new 1099K reporting threshold. The 1099K is a form that businesses receive when they process credit card transactions over a certain amount. The upcoming reporting threshold change will affect the minimum income threshold required to receive a 1099K.

    During our conversation, we discussed what needs to happen for this change to go smoothly and what it means for business owners who receive a 1099K and potential issues that business owners and their tax preparers will have to cope with.

    Some important questions were posed to the IRS such as why the IRS is lowering the threshold, who has the duty to educate taxpayers on this information, and how people's fear of taxes, audits, and the IRS may be impacted by this change in policy.

    Overall, the discussion highlights the importance of staying informed about changes to tax policies and regulations, and taking steps to ensure compliance and accuracy in reporting. As always, working with a trusted tax professional can help business owners navigate these changes and avoid potential issues.

    What you'll hear in this episode:

    [1:00] Details of the IRS roundtable that I was invited to participate in regarding the new 1099K reporting threshold

    [1:30] Background of the 1099K and the upcoming reporting threshold change

    [3:29] What has to happen for this change to go smoothly?

    [4:18] What does receiving a 1099k change for business owners?

    [5:59] What are some potential issues with 1099k's that business owners and their tax preparers will have to cope with?

    Some questions discussed at the roundtable:

    [7:40] Why is the IRS lowering this threshold?

    [8:24] Who has the duty to educate taxpayers on this information?

    [11:12] How are people's fear of taxes, audits, and the IRS impacted by this change in policy?

    * Related episodes:

    I Received a 1099 - Now What?

    What is a 1099-K?

    How to File 1099s

    * Find everything you need at https://www.keepwhatyouearn.com

    * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

    * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

    * Hire us: https://www.fitnancialsolutions.com/accounting

    * See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

    * Find me on IG https://www.instagram.com/shannonkweinstein/

    * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

    * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

    The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.


    Previous 1 55 56 57 58 59 87 Next

    Related Podcasts

    How I Built This with Guy Raz

    1

    How I Built This with Guy Raz Business
    Planet Money

    2

    Planet Money Business
    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters

    3

    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters Business
    BiggerPockets Real Estate Podcast

    4

    BiggerPockets Real Estate Podcast Business
    The Smart Passive Income Online Business and Blogging Podcast

    5

    The Smart Passive Income Online Business and Blogging Podcast Business
    Bad With Money With Gabe Dunn

    6

    Bad With Money With Gabe Dunn Business
    footer-logo

    Contact Us

    Toll Free: 844-670-7747

    Links

    • Home
    • Top Charts
    • Networks
    • Apps
    • Independents Podcasts
    • Podcast Advertising
    • Podcast News
    • Contact Us
    • About Us
    • Analytics & Insights

    Stay Connected

      Privacy, Terms of Use & Our Code of Ethics Protecting Content Creators Copyrights