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Coaches, Consultants, and Money

Coaches, Consultants, and Money

By: Erica Goode CPA
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About this listen

"Did you Google your tax advice this year?" Perhaps, but that's not really the best idea - and you don't need to do that anymore! Erica Goode, CPA, is a former director of finance with a Fortune 50 company and auditor at a Big Four company. Today, she's into YOUR business! Speaking to coaches and consultants who are business owners, her goal is to be a free resource for reliable money advice so they can make smart decisions with their finances. She'll be addressing some personal money matters, too - because we're more than just business owners, right?! Each Tuesday, she'll be talking business money basics, taxes, planning profit, and more...so you can put your money on the right track. May your week be filled with love...and profit!2024 Economics Leadership Management & Leadership
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Episodes
  • 98. Pausing on S-Corp Conversions in 2025
    May 13 2025

    Work With Erica

    Erica explains the potential savings on self-employment taxes and the trade-offs with the Qualified Business Income Deduction (QBID). Erica advises listeners to hold off on making the S-Corp election until there's more clarity on tax laws, which are expected to change with the expiration of the Tax Cuts and Jobs Act in 2025.

    00:00 Intro

    00:45 The Importance of Timing for S Corp Election

    01:49 Understanding S Corp and QBID

    02:50 The Impact of the Tax Cuts and Jobs Act

    04:11 Why Waiting is the Smart Move

    05:52 Practical Steps for 2025

    07:13 Concierge Bookkeeping

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    8 mins
  • 97. How Does Tariff Math Work?
    Apr 29 2025

    Erica explains the journey of an avocado from a farm in Michoacan, Mexico to a grocery store in the U.S., breaking down the costs involved and how a 25% tariff impacts the final price to consumers. She also talks through broader economic issues affecting solo consultants and small businesses.

    00:00 Introduction to the Podcast

    00:43 Understanding Tariffs with Avocados

    03:26 Breaking Down Tariff Math

    07:01 The Impact of Trade Agreements

    08:57 Current Economic Trends for Consultants

    10:53 Final Thoughts

    11:23 Concierge Bookkeeping Service

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    Resources Referenced:

    White House Fact Sheet | https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/

    ____________________


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    | LinkedIn | Website | Newsletter

    Work With Erica

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    12 mins
  • 96. Weird Tax Trivia
    Apr 15 2025

    Work With Erica

    A little tax trivia on this April 15th…

    00:43 Tax Day Anecdote

    01:23 Weird and Wacky Tax Facts

    03:55 Fun Facts About Money

    04:40 IRS Whistleblower Program

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    Resources Referenced:

    IRS Whistleblower Office | https://www.irs.gov/compliance/whistleblower-office

    ____________________


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    | LinkedIn | Website | Newsletter

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    7 mins

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