#TaxTalk w/ Kesha JonTae-logo

#TaxTalk w/ Kesha JonTae

Education Podcasts

Everybody wants to give tax advice, but not everybody should. Join Kesha, a CPA and Enrolled Agent with over 10 years in the tax industry, as she debunks tax myths, rebuts bad tax advice, & provides updates on what's going on in the tax industry. Whether you’re a taxpayer or tax professional, if you want to know the real deal about taxes - this is the podcast for you. Support this podcast: https://anchor.fm/taxtalk/support

Everybody wants to give tax advice, but not everybody should. Join Kesha, a CPA and Enrolled Agent with over 10 years in the tax industry, as she debunks tax myths, rebuts bad tax advice, & provides updates on what's going on in the tax industry. Whether you’re a taxpayer or tax professional, if you want to know the real deal about taxes - this is the podcast for you. Support this podcast: https://anchor.fm/taxtalk/support

Location:

United States

Description:

Everybody wants to give tax advice, but not everybody should. Join Kesha, a CPA and Enrolled Agent with over 10 years in the tax industry, as she debunks tax myths, rebuts bad tax advice, & provides updates on what's going on in the tax industry. Whether you’re a taxpayer or tax professional, if you want to know the real deal about taxes - this is the podcast for you. Support this podcast: https://anchor.fm/taxtalk/support

Language:

English


Episodes

Choosing an LLC | 6 Things to Consider

11/18/2020
How do you know if an LLC is right for your business? I like to call an LLC a chameleon business entity. Because the IRS doesn't actually recognize the LLC structure, LLCs can be taxed as any one of the business types we discussed over the last few episodes. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice....

Duration:00:20:22

Choosing a C Corporation | 6 Things to Consider

11/11/2020
How do you know if a C corporation is right for your business? A C Corporation is the default corporation type. Many people consider C Corporations to be for big companies, but they can be beneficial for smaller businesses too. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about...

Duration:00:24:53

Choosing an S Corporation | 6 Things to Consider

9/17/2020
| Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can e-mail me at hello@themillennialtaxpert.com to become a client or reach out to your preferred professional so that they can answer your tax and accounting questions. Find episode show notes at:...

Duration:00:18:03

Choosing a Partnership | 6 Things to Consider

9/9/2020
How do you know if a partnership is right for your business? A partnership is a default business entity - when more than one one person create a for-profit business together the business is automatically a partnership unless and until the owners decide to create a different business entity. However, it's still important to understand how choosing or defaulting to a partnership can affect your business. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in...

Duration:00:18:55

Choosing a Sole Proprietorship | 6 Things to Consider

9/2/2020
How do you know if a sole proprietorship is right for your business? Honestly, most sole proprietorships are probably sole proprietorships by default. If you start a business as the sole owner and you don't form a formal business with the state, your business is a sole proprietorship. So even if you don't consciously choose a sole proprietorship, you still choose a sole proprietorship - you get me? | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this...

Duration:00:21:17

6 Things to Consider When Choosing a Business Entity

8/26/2020
Quick question. Have you slid into the inbox of a tax pro and asked them to tell you whether you should create an LLC or an S-Corp for you new business? If so, you might have gotten answers like "it's hard to say", "it depends", or "book a consultation". It's probably the number one "quick question" I get. So today I'm sharing with you six things to consider when choosing a business entity. Writing down your thoughts to these 6 categories will make the conversation with a tax professional...

Duration:00:23:47

What Are the Tax Benefits of an LLC?

8/26/2020
You hear it all of the time. "Form an LLC so you can get the tax benefits." But... what ARE the tax benefits?? The answer may actually surprise you. In this episode I explain how LLCs are taxed on federal tax returns. Visit the show notes to download my FREE LLC Tax Treatment Guide. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as...

Duration:00:24:07

About That Payroll Tax Deferral...

8/12/2020
On August 8, 2020 President Trump signed an executive order and three executive memos related to Coronavirus Relief. One of the memos provided for a deferral of payroll taxes. In this episode, I discuss what I know so far about the deferral and how it can affect you as an employee, employer, or self employed taxpayer. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and...

Duration:00:18:55

Should You Form Your Business Out of State?

8/5/2020
My fellow tax pros and I get this question a lot: Should I form my business in Delaware? Nevada? In this episode, I talk about some of the reasons that people form their business out of state. I am not a lawyer, so please speak to your lawyer about all of the legal consequences of forming your business in another state before you make a decision. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be...

Duration:00:19:22

5 Jobs Your Kids Can Do In Your Business

7/29/2020
When you hire your kids in your business, what they do can help justify the wages that you pay them. If you hire your child to sweep floors, you probably can’t justify paying them same as you would if you hired them to help source your products or find your next big idea. In this episode I talk about 5 jobs that you could pay your child to do in your business, which could be substantial enough to justify decent wages. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The...

Duration:00:20:30

4 Non-Tax Benefits of Hiring Your Children

6/17/2020
Tax savings are great but they aren’t the only benefit you and your kids will get when your hire them in your business. Today we discuss 4 non-tax benefits of hiring your kids in your business. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can...

Duration:00:14:00

3 Mistakes to Avoid When Hiring Your Children

6/10/2020
Hiring your children can definitely save you money but you want to make sure you do it correctly. In this episode, I discuss three mistakes that you should avoid when hiring your children. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can...

Duration:00:09:40

What You Need to Know Before Hiring Your Children

6/3/2020
Thinking of hiring your children in your business? Here’s know you need to know FIRST. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can e-mail me at hello@themillennialtaxpert.com to become a client or reach out to your preferred professional...

Duration:00:12:25

10 Things To Do Before Starting Your Business

2/25/2020
Once you decide you want to start a business, there are a lot of little steps to take before your launch date. In this episode, I discuss ten things you should do before your business goes live. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can...

Duration:00:22:03

8 Reasons Your Tax Pro Should Be Your Best Friend

2/24/2020
Your tax professional should know about the things going on in your life like your best friend does, and in some cases even more so. In this episode, I discuss 8 major life changes that should be discussed with your tax professional either before they happen or as soon as possible after. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed...

Duration:00:20:41

Foreign Earned Income Exclusion

2/22/2020
US citizens & residents are required go report and pay tax on all of their worldwide income, which could result in double taxation. In this episode, I discuss the Foreign Earned Income Exclusion. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you...

Duration:00:28:09

Why You All Up In My Business??

2/18/2020
The IRS requires paid preparers to ask questions to make sure the information presented on the return is complete, correct, and consistent. In this episode I explain why we ask such probing questions. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation,...

Duration:00:20:38

OMG... AMAZON DOESN’T PAY TAX?!

2/16/2020
It’s that time of year where Amazon releases its financial statements and everybody else gets angry at how much tax the company DIDN’T pay. In this episode I explain a few reasons why Amazon’s tax bill might not be as big as you think it should. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have...

Duration:00:27:18

Married Taxpayers Don’t Get to File Single

2/14/2020
Many married taxpayers choose to file their tax returns using the single or head of household filing statuses because their spouse has past due federal or state debt. In this episode, I explain the differences between the two married filing statuses, explain when you can use single or head of household when married, and what option you have when your spouse owes back taxes, child support, student loans, or other federal debt. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The...

Duration:00:17:02

You’re Not Entitled To A Tax Refund, A Rant

2/13/2020
Tax season is a time to square up with the government for the prior year, not get an extra check. Sometimes you owe, sometimes you’re owed. It’s simple arithmetic. | Quick disclaimer: I am a CPA but I’m probably not YOUR CPA. The information provided in this episode and every episode of tax talk is meant to be informational in nature and is not intended to be construed as tax or accounting advice. If you have questions about your specific tax situation, you can e-mail me at...

Duration:00:13:22