Keep What You Earn

Keep What You Earn has made it a whole year! We have been able to exceed our expectations in terms of goals for the show. So I want to say, from the bottom of my heart, thank you so much for listening to the show and for encouraging me to continue. I have learned so much over the past year as a podcaster and want to share the lessons I've learned with you on this episode.

Find podcast statistics here: https://www.thepodcasthost.com/planning/whats-a-good-number-of-downloads-for-a-podcast/

* Microphone link: https://amzn.to/3z8BYJI

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Chat About This Episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so

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Catch me in-person on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

As with most things in life, marriage is all about communication, understanding and setting the right expectations with your partner. One of the ways to do that is literally on paper with a prenuptial agreement, aka a prenup. Today on the show we will discuss what prenups are designed to do, how to have an effective agreement with your spouse and the unique aspects of how to approach prenups as business owners.

As a three-time winner of Atlanta's Best Divorce Attorney, Aaron Thomas is one of the nation's top experts in family law issues. He is a 2002 graduate of Harvard Law School, and his firm Aaron Thomas Law, was recognized by peers as one of the fastest growing family law firms in the state of Georgia.

With clients ranging from NBA hall of famers and Superbowl winners to Grammy award winning artists, Aaron has extensive experience representing his clients in a range of family law matters, including divorce, custody, child support, and prenuptial and postnuptial agreements.

As founder of Prenups.com, Aaron is widely viewed as the go-to source for writing fair prenups. He carries a fundamental belief that establishing a solid financial foundation during engagement can prevent many common martial disputes, and that fair prenups help create happy marriages.

[GUEST CTA AND LINKS IF APPLICABLE]

What you'll hear in this episode:

[3:13] Aaron talks about how he became interested in family law and prenups in particular.

[7:01] We discuss some of the myths surrounding prenups and divorce.

[16:17] Aaron discusses ways to avoid a messy divorce.

[23:44] Aaron dives into the controversy of joint vs separate bank accounts.

If you like this episode, check out:

Building and Launching a Stellar Digital Course with Amy Porterfield

How to Outsmart Hackers with Seth James Nielson

Want to Leave Your Corporate Job? It's Easier Than You Think

Want to learn more so you can earn more?

Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Welcome back to another episode of "Keep What You Earn"! Today on episode 442, we are delighted to have on board the amazing Bernadette Harris, a forensic accountant and a Certified Fraud Examiner, who is passionate about helping small business owners prevent fraud. Bernadette, with her 22 years of experience, is here to share some gut-wrenching stories of fraud that led some small businesses to closure, and provide vital lessons on how to spot fraud and prevent it. Some of our key takeaways today include understanding the importance of checks and balances, spotting patterns and disruptions in business operations, and how you, as a business owner, can guard yourself against potential fraud. From understanding different types of fraud such as payroll fraud or embezzlement through fake vendors, to preventing it with the 'trust but verify' principle, this episode is packed with value. So tune in, as we dive deep into the world of numbers and explore the shadowy undercurrents of fraud with our very special guest, Bernadette Harris!

Bernadette Harris is an accomplished entrepreneur who is dedicated to supporting small business owners with their accounting needs. She leads her own company that provides bookkeeping, controller services and even CFO services to clients. Bernadette is passionate about ensuring that her clients have a comprehensive accounting system and fully understand their financial data. Recognizing that many people feel intimidated by numbers, she focuses on facilitating illuminating conversations to help business owners forge stronger relationships with their own figures, working towards more informed decision-making.

Connect with Bernadette Harris:

Facebook: https://www.facebook.com/TrustBernadette

Linkedin: https://www.linkedin.com/in/trustbernadette/

Twitter: https://twitter.com/TrustBernadette

Instagram: https://www.instagram.com/TrustBernadette

Youtube: https://www.YouTube.com/TrustBernadette

Website links: https://trustbernadette.com

https://thebtbadvisoryfirm.com/

What you'll hear in this episode:

[06:42] Bernadette pursued education, certifications to combat fraud.

[12:08] Fraud brings hefty penalties, affecting trust/account. Payroll investigation uncovers employee deception, risk undetected.

[15:06] Pay attention to your business and vendors.

[16:18] Importance of noticing patterns, disruptions, and control.

[23:03] Deceptive assistant financially drains rockstar businessman.

[26:16] Comfort leads to theft; greed takes over.

[30:41] Forensic accountants uncover and resolve employee suspicions.

If you like this episode, check out:

Take Advantage of an Accountable Plan in Your Business

Key Financial Metrics for Success in Product-Based Businesses

Tax Deadlines You Need to Know as a Small Business Owner

Want to learn more so you can earn more?

Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Have you ever wondered what the repercussions were for making a mistake on your taxes? Will you go to prison? Pay a huge fine? The thoughts that go through our minds are endless. Robert Nordlander is here to explain exactly what happens if you either make a mistake on a tax return or willfully evade paying your taxes.

Robert Nordlander is a speaker, podcast host, CPA, and Amazon bestselling author. He spent over 20 years as a special agent with IRS-Criminal Investigation chasing tax evaders and money launderers around the globe. Currently, he is the principal member of Nordlander CPA, PLLC, a boutique forensic accounting and tax resolution firm.

This episode poses a very unique perspective on taxes compared to what we normally discuss and I think is great information for business owners to hear. There is also a small true crime element to this episode as we discuss certain examples from Roberts's past.

What you’ll hear in this episode:

[3:06] Introduction to Robert and his background

[5:36] Clarifying some of the misinformation around white-collar crimes.

[7:06] What constitutes a tax crime?

[10:15] What actually happens legally if you make a mistake in your taxes?

[13:20] What are the repercussions if your tax preparer does something sketchy on your tax return that you are unaware of?

[18:22] What are some ways that small business owners either intentionally, or unintentionally, evade taxes?

[23:12] As an employer, how often do you need to pay and remit payroll taxes for it not to be considered criminal? What implications might this have for your employees?

[28:19] What is the proper path to report suspicion of a tax crime or fraud?

[30:13] What advice to Robert have for small business owners trying to stay out of trouble with the IRS?

Connect with Robert:

www.robertnordlander.com

www.nordlandercpa.com

https://www.linkedin.com/in/robert-nordlander/

www.robertnordlander.com

Social security benefits link: https://www.ssa.gov/myaccount/?gclid=Cj0KCQjwmtGjBhDhARIsAEqfDEedTdU819mUi-8AhDQp1cfdl8sTXXkBYDS7Acn9E7B4nu565CIp_j0aAmmtEALw_wcB

Related episodes:

IRS Reporting Threshold for the 1099K - Roundtable Recap

How to Pay Yourself Based on Your Business Structure

What is a W-9 and Who Needs One?

Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/

Hire us: https://www.fitnancialsolutions.com/accounting

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

Find me on IG https://www.instagram.com/shannonkweinstein/

Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Articulating your offerings precisely can transform the trajectory of your business. It serves a dual purpose: it enlightens your existing customers about the extent of your services, including what falls outside your scope, and it acts as a magnet for potential new clients. When consumers are contemplating a purchase, their priority is to have a comprehensive understanding of what their investment entails, making transparency from the get-go absolutely essential.

Conversely, being forthright about what you provide is advantageous for you as the provider. Often, we might extend ourselves beyond the agreed terms out of goodwill or because a task appears straightforward. Yet, establishing firm boundaries can markedly enhance your professional relationships and pave the way for additional offerings. Sticking to your defined services can foster a mutually beneficial dynamic between you and your clientele.

What you'll hear in this episode:

[1:15] What's causing the blurred lines around your service offerings?

[2:00] Could your unclear communication be turning what should be explicit offers into implicit ones?

[7:32] It's crucial to inform your clients about the entire range of available services, including what's part of the package.

[9:40] Exercise caution when breaking down your services into itemized costs.

If you like this episode, check out:

How to Build Trust with Your Customers

Why Just Bumping Up Prices Doesn't Cut It

How to Have a Successful Podcast

Want to learn more so you can earn more?

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.