What Your CPA Wants You to Know Carson Sands, CPA & Teran Sands, MBA.

Forking over $31,200 yearly for health insurance as new entrepreneurs sounded like a financial nightmare. That was not in our budget when we started our business years ago. We did some research and stumbled upon the world of health sharing plans.We know if you're starting a new business, health care has likely crossed your mind! In this episode we explain what we did for health coverage when we quit our jobs and what we do today. We share the pros and cons of health sharing plans that c...

Throwback: In this episode we explain the importance of keeping your W-4 in check, ensuring you're not caught off guard with a hefty tax bill or a disappointing refund.We get so many questions about the W-4 form and how it should be filled out so we are breaking it all down in this episode! If you had a big tax surprise this year, this episode is for you!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Our CPA firm website!Purcha...

Have you heard of the new Beneficial Ownership Information Report that must be filed by all LLC owners in the U.S?!? This is the first year it is required and it is due quickly if you filed a NEW LLC in 2024. It's due by the end of the year if you file for an LLC established before 2024!In this episode we explain what this new BOI report is and help you understand everything from the filing process on the FinCEN website to the substantial penalties that will be assessed if you forget(!)...

In today's episode, we take off our "accounting" hats and put on our "business owner" hats to share how we do a quarterly meeting in our business and how you can do it too!Ever wondered how tweaking your pricing strategy could work wonders for your revenue? That's just one tip we share as we guide you through the art of conducting a quarterly business review to supercharge your growth. We explain how we review our financial reports every quarter to uncover growth trends, optimize expense...

Do you know how to read your tax return? Do you review your tax return when your CPA sends it over? Do you know how? In this episode we explain the numbers on your personal tax return (Form 1040) and how to review your tax return. A skill everyone should have! This episode is perfect for everyone, whether you file your return yourself or pay your CPA to prepare your tax return. We also explain our progressive tax system, the ins and outs of self-employment taxes, and strategies like...

Every now and then, we cross paths with someone whose strength is so palpable, it resonates through their stories and touches our lives. Josie's story of unwavering love and resilience as she navigated the diagnosis of her third daughter's heart condition and Down syndrome is one you won't forget. Our latest episode offers a window into her world, where the simple act of crafting bracelets sparked a global chain of support. These bracelets symbolized hope and togetherness for people all aroun...