Blood, Sweat & Business Kaizen CPAs

What are the 3 Most Commonly Missed Tax Strategies that CPAs make? Keep an eye out for managing officer compensation in S corporations, electing pass-through entity tax depending on their state, and properly classifying their real estate income to maximize the qualified business income deduction. By planning your taxes and strategically managing your business structure, you can keep more of your hard-earned money.What is Pass Through Entity Taxation and How it Works: https://www.youtube.com/w...

Sara Fraser with Haas Performance Consulting LLC has a long history of working in the automotive repair industry as well as helping shops. In this episode of Blood, Sweat and Business she digs into hiring and retaining employees as well as the communication within your shop and what is going out.Haas Performance Consulting LLC Facebook: https://www.facebook.com/haasperformanceSara Fraser Facebook: https://www.facebook.com/sara.haas.18Sara Fraser LinkedIn: https://www.linkedin.com/in/sara-fras...

The Employee Retention Tax Credit (ERC) helped many small businesses through a tough time, but what is happening with it now? We drill down into what has happened and what you should expect to see for the rest of the year with this multi-billion-dollar program. Subscribe for more valuable insights to help your small business thrive. 💼💰Kaizen CPAs + Advisors: https://www.kaizencpas.comSend us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning

Confused about S corporations and their taxes? In this episode of Kaizen Time, we go through key concepts like owner's compensation, K-1 forms, and basis. Finally, we discuss when the right time is to switch an S corporation or if that is the right choice for your business.Subscribe for more valuable insights to help your small business thrive. 💼💰Kaizen CPAs + Advisors: https://www.kaizencpas.comSend us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning

Meet Al Wright, who owns John's Automotive in Cedar Rapids, Iowa. Al shares his journey in the automotive industry, from starting out as a gas station attendant to becoming a shop owner. He talks about the importance of training, staying up to date with technology, and creating a positive work culture. Al also emphasizes the value of collaboration and giving back to the industry. The episode concludes with advice for new shop owners, including the importance of seeking help and mentorship.Joh...

Uncertain future of Beneficial Ownership Information Reporting (BOI) for small businesses. This episode of Kaizen Time discusses what BOI reporting is and the current confusion surrounding it. See if you need to file and how to stay updated on the program's future.Subscribe for more valuable insights to help your small business thrive. 💼💰Kaizen CPAs + Advisors: https://www.kaizencpas.comSend us an email: bsb@kaizencpas.com #SmallBusiness #TaxSeasonTips #FinancialPlanning