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The Financial Flipside Podcast, Episode 4: Is Tax Reform for Everyone? Unpacking the Republican Tax Plan

October 30, 2017 by Heyward CPA

Tax reform was a key aspect of the current administration’s campaign platform. Earlier this fall, Republicans released a high-level version of the plan that proposes significant changes to the ways that individuals and businesses are taxed. A detailed version of the plan is not due to be released until Wednesday, November 1, but in this episode, we have a spirited discussion about what we know now and its possible impact on taxpayers. We also talk about the history of taxes in the US, how they work now and how we feel about them, and what we mean when we talk about tax reform. We hope that you enjoy listening to this episode as much as we enjoyed recording it.

While listening, it may help to have this handy explanation of how tax is calculated in mind:

INCOME – ADJUSTMENTS – EXEMPTIONS – DEDUCTIONS = TAXABLE INCOME * TAX RATES

As always, we want to hear from you: how do you feel about taxes? What are the things about taxes that you find the most confusing? How do you think the administration’s tax reform plan will impact you and/or your business? Let us know in the comments!

For articles and more information, check out the show notes under the cut. [Read more…] about The Financial Flipside Podcast, Episode 4: Is Tax Reform for Everyone? Unpacking the Republican Tax Plan

Episode 3: What We Talk About When We Talk About Wealth, Part 2: Building a Business Enterprise

October 9, 2017 by Heyward CPA

Entrepreneurs start businesses for a variety of reasons: seeing a great idea through to completion, challenging themselves, or very often, out of a desire to be their own boss. There is a lot to be said for the freedom and flexibility that comes with owning your own company, but how do you channel the thrill of entrepreneurship into a long-lasting, wealth-generating enterprise? That’s our subject for episode 3. We talk about the difference between having a job and having a business, as well as the connection between planning and doing what you love. We discuss specific ways to set your business up for longevity. Finally, we provide some resources for learning about enterprise building if you don’t have access to a business consultant, financial planner, or CPA.

Do you have finance or business questions that you’d like to have answered on the show? Contact us on Twitter, Facebook, via email

Note: We’re moving to Mondays! We will still be posting episodes every two weeks, so join us on October 23 for more real money talk.

Show notes are located under the cut.

The Financial Flipside Podcast, Episode 2: What We Talk About When We Talk About Wealth

September 25, 2017 by Heyward CPA

What is wealth, and why is talking about it so difficult? Our second episode covers the difference between wealth and riches, barriers to building wealth, and some ways to save and invest in light of these obstacles. This episode ran a little long, because wealth and the systems on which it is built is a vast topic that brings up a lot of issues about money that we don’t often talk about in polite or mainstream conversation. Also, we could talk about the social aspects of money at great length when given the chance.

Stream or download the episode here and subscribe using our RSS feed.

As mentioned at the end of the show, we want to hear from you: (how) are you working on building wealth? What has worked? What hasn’t? Do you have any wealth-building questions? If so, ask us on Twitter (@HeywardCPA) or Facebook (facebook.com/heywardcpa).

Coming up on our next episode: more wealth talk, this time about wealth-building for small business owners. Show notes for episode 2 are located below the cut.

The Financial Flipside Podcast, Episode 1: On Your Mark, Get Set, Go (Into Business for Yourself)!

September 7, 2017 by Heyward CPA

The Financial Flipside is a podcast for entrepreneurs at every stage of business development, from jotting down ideas on your smartphone to preparing an exit strategy. We recognize that there’s no single path to building a successful company or long-term wealth. Our goal is to talk about money and small business in a way that reflects this–one that is frank, accessible, and (hopefully) fun. Watch this space or subscribe using our RSS feed for new episodes every other Thursday!

In our pilot episode, the Financial Flipside tackles starting out…in business, that is. We cover planning, managing your finances, and our collective love affair with entrepreneurship. We also share some of our favorite small business resources.

Stream or download the episode here. Check below the cut for show notes.