Episode 135 - How to make next year's taxes suck less


Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

Kristin always likes to talk about the problems of tax season.  However, for most of you, it is not a season, but a rush of pain to get information to your accountant to fulfill you're a duty to your country.  Listen now, as Kristin, with the help of Jeff, will talk about the 4 easiest ways to save time and stress preparing your taxes! 

  1. Know what to expect
    1. Know what you need to give your accountant
    2. Keep a list of all of your accounts, jobs, etc. to match up documents 
    3. If using QBO, you can just share access with your accountant
  2. Update everything at least monthly, including personal stuff
  3. Simplify your bookkeeping
    1. Stop writing checks
    2. Make it easy for clients to pay you electronically 
  4. Summarize - do not give detail unless there is a question
    1. Use the same summary next year
Continue Reading...

Episode 127 – How the Federal Government is incentivizing you to have employees

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

You might be shocked to learn this. The government loves when you hire employees. It has many benefits for them and the people you work with. They love it so much, in the tax law that past called Tax Cuts and Jobs Act of 2017, they created a special tax deduction to help make sure that your business pays out wages once it becomes profitable.

Join Kristin and Jeff as they look at this new tax deduction, That can reduce your small biz profits by 20%.  However, beware if you do not have wages and you make 1 dollar too much... It can cost you the entire deduction.

  • How the government is incentivizing you because of tax reform of 2017
  • Deduction tipping point based on all income sources in the household
    • $157,500 if you are not married
    • $315,000 if you are married
  • If your business profit is $100,000 you may get a $20,000 tax deduction
    • Does not...
Continue Reading...

Episode 124 – Your Bookkeeping Made Easier Questions Answered

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

It happens every year! Kristin and I start hearing or getting tagged in questions about people who are stuck finishing off their accounting books every year. We decided to ask our Small Biz Life Community for their questions to answer here!

How to get the most out of your small business bookkeeping without wasting time

I get it. I hate bookkeeping and I am cheap. I do not like "paying" monthly fees. I am a cheapskate. However, This is one of those areas I have evolved.  Kristin has managed to keep the books for all of our companies and families in about an hour a month.  

Listen to this important episode that will free up your time, and all you to MAKE MORE MONEY NOW!

  • Why would I use this instead of excel, pen and paper, or my… mind
  • Melissa Thomas, I've been using a notebook to keep my books for five years.
  • 2018 is my...
Continue Reading...

Episode 122 - 2018 small biz tax questions asked and answered

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

As a business owner, no one knows your business better than you do. That's why you need to know the basics of income taxes. 

I know. I know.

It's annoying.

It's complicated. 

It's worse than a root canal.

So is paying too much in taxes because you don't know the rules. Yeah, that hurts, too. 

Spend some time with Jeff and Kristin as we answer questions from small business owners. Some of the questions include:

  • How do I do my own taxes without standing up and whacking my head against the wall repeatedly until the pain stops?
  • LLC, sole proprietorship, partnership, S-Corporation, or C-Corporation?
  • Can I deduct my car?
  • Can I extend if I owe money?
  • Will I get audited if I claim my home office?
  • Can I claim a deduction for business-related entertainment?
  • I'm planning on taking a trip to trade show. Can I bring my family along for a vacation and still deduct my...
Continue Reading...

Episode 121 – No more excuses

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

Are you stuck in a funk growing your small biz?  Have you been putting off improving your health? Have your relationships suffered? Have you not been sleeping? It is the time that we all start living the small biz life and stop being lived by it. #NoExcuses 

You are not alone

Kristin and I have spent much of 2017 with you. We have had many excuses. Some real, but most where just extensions of our fear. Leading us to waste a lot of time, that is so precious. Join us in this podcast episode as we look at some of our biggest excuses, and some of the excuses we hear all the time. And how we can start working past them to live a year with no more excuses.

Any of these problems sound familiar?

  • What held us back?
    • Small goals
    • Using the pregnancy as an excuse early in the pregnancy
    • Lack of focus
    • Fear of selling
    • Too much to do, not enough planning
  • What is...
Continue Reading...

Episode 118 - The basics of Online Summits

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.

Kristin and I are always looking for ways to grow our online business. So we have started researching creating an online conference or summit.  They offer much of the benefits of a real-life conference with networking and sales. However, the can be put together at a fraction of the cost.

  • What are they?
    • More advanced than other forms of outreach content. However,
    • Online only conferences
    • Typically, free content for a limited time
    • Typically sells with lifetimes sales product “All-Access Pass”
  • What are they good for?
    • Building your authority
    • Building your email list
    • Creating a product to sell
      • Possibly evergreen
  • And What do I need to do them?
    • Ability to record the video interviews
      • Hangouts / Skype
    • Platform to deliver the content for free
      • Could be embedded YouTube Videos
    • Platform to upsell the content
      • Redirect all old...
Continue Reading...

Episode 112 – Tips for a successful launch

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player below.

The human brain is funny. It will do many things to protect us. The worse thing it does is lie to us on our behalf. And to be honest Kristin and I see this a lot when business owners share content or try and sell online.  We tell ourselves we are launching, however, we are really just checking off a to-do list item. 

Sharing on Facebook and saying we are done is a failed launch!

Even if we get a few people into our sales process and make a few sales and most people will not do even that. They will complain that they tried to do it and the people just did not want it. The Truth is we just lied to ourselves, we spent so much time creating something of beauty for the world, we spent no time trying on the marketing and sales process. We wished for success and did set ourselves up for failure.

Start planning for your success


Continue Reading...

Episode 101 - Saving for your retirement

business/career financial Aug 20, 2017

There are a lot of retirement plan options for small business owners. How do you determine which one is right for you? In this episode, we discuss all the options to help you find the right plan for your biz. 

All the numbers in this post are valid for 2017. Each year, these numbers are updated by the IRS. 

Individual Retirement Plans (IRAs)

If you are just starting to save, an IRA might be an easy way to get started. An IRA will allow you to save up to $5,500 in 2017. If you are over the age of 50, you can make an additional catch-up contribution of $1,000. 

There are two types of IRAs: a traditional IRA and a Roth IRA. 

Traditional vs. Roth

It's important to understand the difference between these two plans to ensure you are achieving your goals. 


With a traditional plan, you put the money in pre-tax, which means you get a tax deduction now. However, when you take the money out at retirement, you must pay taxes based on your normal tax...

Continue Reading...

Episode 99 - Money and Budget Tips with Melissa Thomas

Money and Budgets affect every aspect of out a small business owners and our lives.

Personal Finances matter as much as business finances for small biz owners

Kristin and I have a discussion with Melissa about controlling budgets, working towards our dreams, and her new book, "Building My Yellow Brick Road: Life Lessons from Pursuing a Dream".

Listen to a great interview and get out and Building My Yellow Brick Road: Life Lessons from Pursuing a Dream and learn more about her business Melissa the Coach and how to deal more about your personal finances. 


Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player below.

Continue Reading...

Episode 92 - Simplifying your life

We spend a lot of time trying to simplify our businesses, but how often do you think about simplifying your life? In this episode, we discuss tips for simplifying your life. 

Simplify your home

  • Minimize your stuff
  • Automate your home maintenance
  • Have a cleaning kit
  • Pick up 15 minutes each day
  • Choose quality first

Simplify your money

  • Automate your bills
  • Pay off your debt
  • Have an emergency fund
  • Wait 24-48 hours for major purchases
  • Live simply
  • Be grateful
  • Find the root reason for overspending

Simplify your routine

  • Having a morning and evening routine
  • Create a monthly meal plan
  • Recreate leftovers
  • Have a few Plan B meals in the freezer or pantry
  • Don't get the mail until you are ready to deal with it

Other mentions

Episode 86: Finding your daily focus

Episode 33: Quick dinner tips

The Life-Changing Magic of Tidying Up by Marie Kondo

72 ways to simplify your life by Zen Habits

Dyson cordless vacuums

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your...

Continue Reading...
1 2 3 4 5