Simply Tax
Damien R. Martin, CPA
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Top 10 Simply Tax Episodes
Goodpods has curated a list of the 10 best Simply Tax episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Simply Tax for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Simply Tax episode by adding your comments to the episode page.
CPA to CPA with Tony Nitti
Simply Tax
01/11/18 • 27 min
When Damien and Tony sat down to talk IRC Section 199A, they got to talking about life outside the four corners of the Internal Revenue Code. Get the inside scoop and answers to questions you might have for Tony Nitti in this special bonus episode of the podcast.
BIO FOR GUEST
Tony is a tax partner based in WithumSmith+Brown’s Aspen, Colorado office and is a certified public accountant in the states of New Jersey and Colorado. Tony is a contributor to Forbes and his opinions and commentary on important tax issues have been quoted in Bloomberg, CNN Money and the BNA Daily Tax Report.
12/09/20 • 38 min
The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters—and 2020 has been an exceptionally busy year. In this episode, guest Melanie Lauridsen, AICPA tax policy and advocacy senior manager, joins host Damien Martin to share what the team has been up to and provide an update on penalty relief and the electronic signature program. Here’s what’s covered:
- Who is Melanie Lauridsen? @3:14
- Penalty relief for late filing and late payment @05:32
- AICPA recommendations for the IRS @10:34
- How the IRS responded to AICPA recommendations @17:39
- The latest on IRS penalty relief @20:07
- Guidance regarding electronic signatures @21:50
- Permanent relief vs. temporary relief @24:28
- Forthcoming permanent solution for power of attorney forms @30:40
- Continuation of temporary relief for next filing season @32:36
- Key focus areas moving forward @33:46
- Comment letter process @34:51
- Closing thoughts @36:16
Learn more about our guest and get additional resources here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
New Year, New Tax Changes #117
Simply Tax
01/21/21 • 45 min
Tax headlines are swirling after several tax-related developments following the enactment of the 2021 Consolidated Appropriations Act on December 27, 2020. Tune in as host Damien Martin cuts through the static of these significant changes with returning guests Jesse Palmer and Yelena Bosovik. Here’s what’s covered:
- Expanded and extended employee retention credit (ERC)
- What is the ERC? [01:55]
- What changed? [05:17]
- How do you claim the ERC retroactively for 2020? [09:54]
- Extended credits under the Families First Coronavirus Relief Act [10:50]
- Paid sick leave vs expanded family leave [12:32]
- Importance of documentation [13:45]
- Important considerations for the ERC [15:45]
- Business meal deduction changes [22:00]
- Charitable provisions for individuals [25:52]
- Deferral of the employee’s portion of Social Security tax [27:26]
- Other employment benefit changes [31:15]
- Extender provisions [35:12]
- Closing remarks [42:30]
Learn more about our guests and get additional resources here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
Digital Asset Discussion #143
Simply Tax
03/29/22 • 102 min
- Who are our guests? [01:53]
- What problem are digital assets solving and why are they important? [07:27]
- Nonfungible tokens (NFT), Web 3.0, and use cases [16:49]
- What’s a smart contract? [21:10]
- Decentralized Finance (DeFi) [24:13]
- Wallets [33:48]
- Is it anonymous? [40:57]
- Illegal activity [48:29]
- Stable coins and central bank digital currency [50:59]
- Decentralized autonomous organizations [56:51]
- Regulation and tax challenges [01:05:29]
- Reporting and accounting considerations [01:20:05]
- How to get started in and learn more about crypto [01:27:12]
- Executive order on digital assets [01:36:44]
Learn more about our guests and get additional resources here.
GET MORE SIMPLY TAX
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
08/15/19 • 35 min
Cut through the static of the Tax Cuts and Jobs Act (TCJA) with a discussion on what we learned from applying the provisions of the TCJA during the first tax filing season for tax-exempt organizations. Guests Lauren Denton and Mike Engle join host Damien Martin to reflect on key takeaways and look to what’s ahead. Here’s what’s covered:
- The most surprising aspects of tax reform for tax-exempt organizations @1:37
- Challenges with the new qualified transportation fringe benefit provision @3:01
- Applying the new unrelated business taxable income “siloing” rules @7:11
- The new excise tax on executive compensation @10:48
- Planning ideas tax-exempt organizations should consider after the TCJA @13:13
- Provisions to keep in mind that ended up “on the cutting room floor” during the enactment of the TCJA @17:11
- How tax-exempt organizations have been affected by the qualified transportation fringe benefit provision @19:30
- What’s a Form 990-T anyway? @20:29
- Other tax areas requiring attention from tax-exempt organizations @22:21
- Planning for the new excise tax on executive compensation with the split-dollar loan regime @26:17
- Have we seen a reduction in charitable giving after the TCJA? @30:41
- How to plan for the TCJA going forward @32:50
BIO FOR GUESTS
Lauren Denton is a member of BKD National Not-for-Profit Group and BKD National Public Sector Group. Lauren provides tax services for colleges, universities, community organizations and private foundations as well as partnerships, health care organizations, individuals, benefit plans and trusts.
Mike Engle is the North Region tax leader for BKD National Not-for-Profit Group, BKD National Public Sector Group and BKD National Health Care Group. He has more than 20 years of experience providing tax services to health care entities, colleges, universities and not-for-profit organizations. He is charged with growing and developing tax services for these industries throughout BKD’s North Region. He performs comprehensive reviews of not-for-profit activities to identify and help mitigate exposure areas related to private inurement, intermediate sanctions, worker classifications and unrelated business taxable income issues. He also has extensive experience with IRS examinations, obtaining favorable determination letters, private letter rulings and closing agreements.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our new YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
Estate Planning in the New Year #053
Simply Tax
01/25/19 • 62 min
Guests Emily Kembell and Gretchen Cliburn recently met host Damien Martin for lunch where they got to talking about the often intimidating subject of estate planning. Listen to their follow up conversation to get practical tips on approaching the complex world of estate planning within the context of the complex emotional realities of life.
TIME STAMPS OF WHAT’S COVERED
- Estate planning? @3:32
- Common estate planning myths @4:34
- Key definitions @5:41
- Why does your financial planner need to know about your estate plan? @8:17
- Working with an estate planning attorney vs. using an online service @11:05
- No one wants to talk about their death @13:51
- The cost of doing nothing @15:13
- Why you need a team of advisors @16:38
- Getting ready for an initial meeting @24:11
- When and how frequently do you need an estate planning checkup @26:50
- Advice for getting started @30:00
- It’s not your job to know all of the answers @31:50
- Get all of your advisors involved @33:52
- Pay now or pay later @34:59
- Ways to save money on estate planning @35:50
- A lunch conversation between your financial advisor and your estate planning attorney @37:44
- Asking the “what if’s” @42:14
- Asset protection planning @43:56
- You can change your plan @45:41
- Deciding on a guardian for minor children @46:54
- Dividing an estate when you have a family business @49:08
- Having a multigenerational conversation @53:37
- Family disharmony after you're gone @55:58
- The best day to have an estate planning conversation @ 59:27
BIO FOR GUESTS
Emily Kembell is a partner in the Springfield, Missouri office of Kirkland Woods & Martinsen LLP. Emily focuses her practice on estate planning of all types, trust and probate administration, transfer tax planning, issues relating to business succession planning and adult and minor guardianships.
Connect with Emily on LinkedIn
Gretchen Cliburn is a director at BKD Wealth Advisors, LLC in Springfield, Missouri. Gretchen is a Certified Financial PlannerTM (CFP®) and a Certified Divorce Financial Analyst® (CDFATM) and coordinates investment management with tax, retirement, financial education and estate planning.
Connect with Gretchen on LinkedIn
RESOURCES MENTIONED IN THE EPISODE
Previous episodes of the “Simply Tax” podcast:
- Episode 52: Choice of Entity for Family Businesses Part II
- Episode 47: Tax Planning for High-Net-Worth Families After the TCJA
- Episode 30: A Leadership Pipeline
GET MORE “SIMPLY TAX”
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
11/30/18 • 30 min
The confluence of all of the changes under the Tax Cuts and Jobs Act (TCJA) paired with the complexities of the existing tax law make tax planning and compliance more challenging for many high-net-worth individuals and families. Tune in to hear how tax and wealth transfer planning has changed under the TCJA as host Damien Martin sits down with guests Steve Bigge, Chris Hesse and Marv Hills to discuss key takeaways from a joint tax planning symposium held between BKD, CliftonLarsonAllen, Crowe and Keebler & Associates.
Here’s a look at what’s inside our latest episode:
- [ 03:34 ] Background on the Tax Planning for High Net Worth Symposium
- [ 07:54 ] Marital deduction formulas and funding
- [ 09:46 ] Roth conversion planning after the TCJA
- [ 10:20 ] Unwinding “bad” estate planning
- [ 13:01 ] Break points on income tax and managing taxable income
- [ 14:51 ] Charitable giving after the TCJA
- [ 16:52 ] Social security planning
- [ 17:59 ] Format of the symposium and the “ah ha” moments
- [ 19:23 ] Elect out of bonus depreciation and use Internal Revenue Code §179 expensing
- [ 20:28 ] Small business taxpayers after the TCJA
- [ 22:08 ] Will the increased estate tax exemption stay?
- [ 26:15 ] Planning with Spousal Lifetime Access Trust
BIO FOR GUESTS
Steve Bigge is a partner with Keebler & Associates, LLP, whose emphasis is in developing comprehensive financial, estate and income tax analyses and wealth transfer techniques, including FLP, GRATS, CRTs, ILITs and IDGTs. He specializes in estate, gift and retirement planning, charitable gift planning and trust and estate administration.
Connect with Steve on LinkedIn
Chris Hesse is a principal in CliftonLarsonAllen’s National Tax Office and has more than 35 years of tax experience in public accounting, with more than 30 years of speaking and training experience before tax professionals. His career has included tax leadership of a 200-person practice and extensive tax writing and analysis services.
Connect with Chris on LinkedIn
Marv Hills is a partner in the Crowe LLP private client tax services group and also leads the service delivery team. He joined Crowe in 1981 and specializes in estate planning and tax consulting for high-net-worth individuals, particularly owners of closely held businesses.
ADDITIONAL RESOURCES
Symposium speakers mentioned on the podcast
Other resources mentioned on the podcast
- Charitable Giving Strategies After Tax Reform presented by Chad Gassen and Corey Ziegler (Greater Kansas City Community Foundation)
- Previous episodes of “Simply Tax”
GET MORE “SIMPLY TAX”
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
What Now After Wayfair? #032
Simply Tax
08/07/18 • 43 min
Confusion has been swirling after the recent U.S. Supreme Court ruling on South Dakota v. Wayfair, Inc. (Wayfair). Guest Ken Taylor joins host Damien Martin to break down this landmark decision, clear up misconceptions and explain the potential effects on businesses large and small.
TIME STAMPS OF WHAT’S COVERED
- [1:26] The significance of the U.S. Supreme Court decision in Wayfair
- [8:44] Nexus?
- [12:14] A lot has changed since Quill Corp. v. North Dakota , 504 U.S. 298 (1992)
- [15:07] The difficult business decision
- [18:30] You need good information to comply with sales and use tax rules
- [21:15] What Wayfair means for purchasers
- [23:32] Now is the time make changes to your systems and processes
- [26:00] Failing to properly address sales and use taxes can affect mergers and acquisitions
- [29:54] Advice for businesses and their owners in responding to Wayfair
- [34:51] What happens if you wait to comply?
- [38:21] That's a lot to consider, and you need perspective
BIO FOR GUEST
Ken Taylor is a senior managing consultant in BKD’s State & Local Tax Services (SALT) division. He provides indirect tax consulting services to both public and private companies, including facilitation of automating sales/use tax compliance, technical assistance and research, audit defense, opinion memos, due diligence reviews for purchasers, identification and recovery of overpayments and sales/use tax function effectiveness reviews.
ADDITIONAL RESOURCES
Background article: U.S. Supreme Court to Review Nexus for Sales Tax
Article: Quill Is Overturned – A New Era in Economic Nexus for Sales Tax
Webinar: What Does the Wayfair Ruling Mean for Your Organization?
GET MORE SIMPLY TAX
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected]
Connect with Damien on social media!
Tax Legislative Halftime Report #126
Simply Tax
07/30/21 • 30 min
Headlines are swirling in Washington D.C. on a bipartisan infrastructure deal in the U.S. Senate and a $3.5 trillion budget reconciliation deal between Senate Democrats. Host Damien Martin cuts through the static of the latest tax-related developments with guest Travis Lucas, managing principal of The Lucas Law Firm, and also checks in with BKD partners Chris Doolittle and Randy Throener to hear how taxpayers are reacting and planning amid uncertainty. Listen to get answers to these questions:
- How are taxpayers approaching planning with so much unknown at this point? [02:58]
- Is the upcoming 2022 election playing a role in the current negotiations? [10:13]
- What areas are colliding in Washington right now [12:18]
- Why is it important to count the votes and what’s budget reconciliation again? [14:45]
- How might the tight margins of control in Congress impact the outcome [16:57]
- Where are we on possible higher capital gains rates and what are the odds of retroactive enactment? [22:14]
Learn more about Travis, Chris and Randy and get the additional resources mentioned in the episode here!
GET MORE SIMPLY TAX
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
The Tax Technology of the Future #039
Simply Tax
09/04/18 • 27 min
The prevalence and pace of technological advances can make the future a moving target for businesses and their owners. Successfully adapting and keeping up with these changes is a challenge facing many industries and the tax profession is no exception. Host Damien Martin sits down with guest Dave Wyle to discuss advances affecting taxpayers and tax professionals, the skills needed to navigate the changes they bring about and ways to keep up with it all.
TIME STAMPS OF WHAT’S COVERED
- [02:04] Dave’s story and how it led him to develop accounting-related technology solutions
- [04:40] How technology has advanced since Dave began working in the accounting industry
- [08:03] Tax professionals should be excited about advances in technology
- [10:52] Ways to keep up with changes in technology
- [13:02] Advice for taxpayers on working with tax professionals that use technology
- [16:18] The skills Dave has used to develop innovative solutions and manage change
- [20:44] Predictions on technological advances over the next five years
- [24:56] Dave’s advice to Damien on parenting
BIO FOR GUEST
David Wyle is the president and CEO of SurePrep, a provider of tax productivity solutions to U.S. public accounting firms. Prior to founding SurePrep, Mr. Wyle founded and was CEO of ePace! Software, creator of the industry-leading paperless engagement program that was rebranded as ProSystem fx Engagement after it was purchased by CCH Incorporated in 2001. Prior to founding ePace! Software, Mr. Wyle was a CPA with the accounting firm Coopers & Lybrand.
GET MORE SIMPLY TAX
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
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FAQ
How many episodes does Simply Tax have?
Simply Tax currently has 164 episodes available.
What topics does Simply Tax cover?
The podcast is about Tax, Podcasts, Education and Business.
What is the most popular episode on Simply Tax?
The episode title 'Simply Campus Recruiting #106' is the most popular.
What is the average episode length on Simply Tax?
The average episode length on Simply Tax is 40 minutes.
How often are episodes of Simply Tax released?
Episodes of Simply Tax are typically released every 10 days, 11 hours.
When was the first episode of Simply Tax?
The first episode of Simply Tax was released on Sep 14, 2017.
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