Profit Points

Michelle Ward & Shawn Cahill

5.0 (1)
BUSINESS
UPDATED SEMIWEEKLY

Profit Points by Modern CPA is a podcast for small business owners discussing various topics related to starting and running a business. The podcast is hosted by Michelle Ward, CPA and Shawn Cahill, CPA. Guests include business professionals who share their expertise and small business owners who share their journey in the business world.

12/26/2022

#025: Banking for Your Small Business with Joe Bergquist

When owning a small business, you need a bank but…are all banks the same? Dr. Joe Bergquist of Harleysville Bank says no. Dr. Berqguist joins us today to share some experience and advice when it comes to small business banking.Choosing your bankWhen choosing your bank, understand what your needs are as a business and what a bank can provide you. Not all banks offer the same options. Big Bank Corporations can oftentimes offer cheaper rates but lack when it comes to customer service or relation...

29 min
12/12/2022

#024: Tips for Tax Time with Kara Renninger

Tax time does not have to be fear and panic-inducing, but as a new business owner, the upcoming tax season can be scary! Today Modern CPA and Kara Renninger discuss some common tax concerns and tips to help you get prepared.Be Proactive! Take the time to organize your expenses whether you've started a separate business account or not. Document and keep track of all of your business expenses and income so you have what you need for your tax professional or DIY software.Understand Deductions! D...

31 min
11/28/2022

#023: Key Concepts When Purchasing Commercial Real Estate

Are you considering purchasing commercial real estate to create a brick-and-mortar space for your business? Today we go over how you should purchase property and other key concepts to consider.When purchasing commercial real estate, it is important that the property is purchased with an entity all its own. We recommend an LLC that is taxed as a partnership versus an S-Corp, Corporation, or even an LLC taxed as a corporation. There are a lot of benefits to purchasing commercial real estate wit...

19 min
11/14/2022

#022: Attract and Retain with Employee Benefits

It is harder than ever to attract and retain employees. Employee Benefits can make your business seem more appealing than the competition when it comes to new applicants. Employee benefits can span an array of offerings like health and dental insurance, retirement plans, paid time off, work hour flexibility, remote work, company vehicles or phones, and so much more. When it comes to each of these, certain provisions, rules, and tax implications apply.Generally, companies smaller than 50 emplo...

20 min
10/24/2022

#021: What is an LLC? And do I need one?

What is an LLC?A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for their debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.Should I choose an LLC?When it comes to deciding if an LLC is right for you there are a lot of options and things to consider. An LLC lends itself to a lot of flexibility and ca...

18 min
10/10/2022

#020: Who Are You Hiring? Employee vs Independent Contractor

We often get asked, “Who should I hire?”. If you’re a small business that is experiencing growth and it's time to add to your team, what’s the right decision: Employee or Independent Contractor? There are many different laws, rules, stipulations, and tax requirements that can help you make decisions. What does the law say?If you’re considering hiring an employee or an independent contractor, be sure to check Common Law and Safe Harbor rules to see how they apply to your situation.Common Law:B...

27 min
09/26/2022

#019: How Can Investing Affect Your Taxes?

It's time to invest in your business to help it grow and maximize productivity. But how can investing affect your taxes? That's what we're talking about in today's podcast.What are the ways you can invest in your business?Business Assets: Anything purchased for your business in order to operate or grow operations (technology, tools, real estate, vehicles, employees, etc.)Stocks: Actually investing profits or business money into the market.Employee benefits: Any type of monetary investment int...

15 min
09/12/2022

#018: Setting Up a Remote Team with Allison Sandberg

While the world is growing used to virtual businesses popping up and thriving in many industries, there is a very different setup and management for running a remote business. Allison Sandberg is the founder of the virtual travel agency, Magical Memory Planners. Allison started out as a person who loved travel and travel advice, turning passion into profit her one-man show travel agency has grown to a team of over 30. Allison shares how her business has had to change internal communication an...

29 min

See All (25)

Creator

Michelle Ward & Shawn Cahill
Years Active

2K
Episodes

25
Rating

Clean
Show Website

Profit Points

Profit Points

#025: Banking for Your Small Business with Joe Bergquist

#024: Tips for Tax Time with Kara Renninger

#023: Key Concepts When Purchasing Commercial Real Estate

#022: Attract and Retain with Employee Benefits

#021: What is an LLC? And do I need one?

#020: Who Are You Hiring? Employee vs Independent Contractor

#019: How Can Investing Affect Your Taxes?

#018: Setting Up a Remote Team with Allison Sandberg

About

Information

Profit Points

Episodes

#025: Banking for Your Small Business with Joe Bergquist

#024: Tips for Tax Time with Kara Renninger

#023: Key Concepts When Purchasing Commercial Real Estate

#022: Attract and Retain with Employee Benefits

#021: What is an LLC? And do I need one?

#020: Who Are You Hiring? Employee vs Independent Contractor

#019: How Can Investing Affect Your Taxes?

#018: Setting Up a Remote Team with Allison Sandberg

About

Information