Consultants and Money (Erica Goode)
Explorez tous les épisodes de Consultants and Money
| Date | Titre | Durée | |
|---|---|---|---|
| 03 Jan 2023 | 16-Update - 1099 Law Change | 00:07:04 | |
NEWS FLASH! There was a 1099 law change on Dec 23rd (after I recorded the original Episode 16 that dropped today). First, listen to Episode 16 Then, listen to this bonus to find out:
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup | |||
| 15 Nov 2022 | 9-2023 Planning - 3 questions to ask yourself | 00:16:15 | |
“If we don’t pay attention to where you’re driving your business, it won’t end up where you want it to go.” Today I’m talking about business planning for the coming year. I dig deep into 3 crucial questions to ask yourself as you sit down and strategize what 2023 will look like for your business. Here’s what a client of mine had to say after we did this exercise for 2022: “I was floundering, and you've helped iron out what I have and given me hope for the future. I've been looking over and over the spreadsheet we made, and I keep getting so excited, which hasn't happened in a couple of years now! I feel confident."
***6 DON'T MISS TAX DEDUCTIONS FOR COACHES***
| |||
| 28 Mar 2023 | 29-Scaling the Soloist Business Model with Jonathan Stark and Rochelle Moulton | 00:44:21 | |
As a bookend to episode 24, where I talked about an agency business model, today I interview Jonathan Stark and Rochelle Moulton, co-hosts of “The Business of Authority” podcast. We discuss how you can still scale up your business using a soloist or solo consultant model, including:
“Hourly billing punishes expertise.” - Jonathan Stark “Flexibility is the new wealth…” - Rochelle Moulton Find the complete show notes here.
Follow Jonathan and Rochelle here: The Business of Authority Podcast
Connect with Erica:
| |||
| 17 Oct 2023 | 49-The Zero-Tax Myth | 00:10:29 | |
Book a Strategy Session with Erica In this episode, we dive deep into the often-discussed topic of paying zero taxes. Does it sound too good to be true? It might be. Erica explains 3 legitimate and specific strategies you can use to minimize them as a consultant, coach or small agency owner.
Resource referred to in this episode -
Other recommended episodes:
Connect with Erica:
| |||
| 14 May 2024 | 72 - Stop Thinking About Profit...a new KPI | 00:12:31 | |
Get my Monthly Newsletter here As tax codes grow increasingly complex, Erica suggests a more comprehensive approach for business owners to assess their true financial health. She explains a metric she created called Total Owner Benefit and describes how it can be used to discover the full range of financial benefits derived from owning a business. These include factors traditionally excluded from profit calculations such as owner salary, health costs, and retirement contributions. Discover why Total Owner Benefit is important to business owners, how it differs from plain profit, how it can influence tax liabilities and more!
Related Episodes:
Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website | |||
| 08 Aug 2023 | 41-[Personal Taxes] Tax Credit for Summer Camp | 00:13:29 | |
Info on how to use the Child & Dependent Care Tax Credit to save money on your taxes when you send your kid to summer camp.
Referenced Links:
Connect with Erica: | |||
| 23 Jan 2024 | 61-When is an S-Corp a Bad Idea? | 00:09:02 | |
In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig. Diving into:
Related episodes: 55 - 3 Things You Need to Change When Becoming an S-Corp- https://www.ericagoode.com/podcast/ep55 25 - How to Pay Yourself From Your Business: Salary vs Owner Distributions vs Profit - https://www.ericagoode.com/podcast/ep25 21 - What's an S-Corp and When Should I Become One? - https://www.ericagoode.com/podcast/ep21 Connect with Erica: | |||
| 09 Jul 2024 | 76. Budgeting, Conservative Investing, Finding The Right Finance Pro | 00:36:26 | |
LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show.
In this episode, Erica and Ben answer a slew of listener questions from the mailbag
02:56 Budget Tracking 07:17 When to Consult a Financial Planner 13:40 Managing Multiple Bank Accounts 18:20 Maximizing Investments for Conservative Savers 20:43 Money Market Accounts 22:47 Balancing Conservative and Aggressive Investments 24:32 Risk Tolerance 27:29 Finding the Right Tax Professional
Resources Referenced: The Soloist Life Podcast - Financial Planning for Soloist with Sean Mullaney The Simple Path to Wealth by JL Collins
Connect with Erica | LinkedIn | Website | Newsletter Connect with Ben | LinkedIn
| |||
| 16 Mar 2023 | 27-BONUS: SVB and what it means for YOUR business | 00:15:46 | |
Bonus episode on the happenings and collapse of Silicon Valley Bank and what best practices we can take away, even if you weren't directly impacted by the collapse. | |||
| 12 Mar 2024 | 67 - Happy Hour: Cost-Saving Travel Hacks | 00:25:31 | |
In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like:
Mentioned in the episode: Camp Vibes by 10 Barrel Brewing Ep18 - Free Airfare for 2 Years with this Credit Card Hack
Connect with Ben Goode, CPA | LinkedIn
| |||
| 26 Nov 2024 | 87. You (Yes, you!) Might Owe Tax in Another State with Nicole McClintock | 00:36:12 | |
Get my Monthly Newsletter here In this episode of the Consultants and Money podcast, host Erica Goode CPA is joined by Nicole McClintock, founder and CEO of Taximize. They discuss the complexities of state and local taxes (SALT), especially for consultants operating across multiple states. Nicole emphasizes the importance of understanding where your business has employees and clients, how state-specific rules can impact your tax obligations, and why it's crucial to have thorough conversations with your CPA. They also highlight the risks associated with not addressing multi-state tax issues upfront and provide practical advice on when and why to seek professional guidance.
(00:49) Meet Nicole McClintock: Founder and CEO of Taximize (03:13) Nicole's Journey from Public Accounting to Taximize (07:02) Understanding State and Local Taxes (SALT) (07:57) Key Considerations for Solo Consultants on State Taxes (11:04) Navigating Multi-State Tax Complexities (20:24) The Importance of Asking Your CPA Questions (33:23) Final Thoughts and How to Reach Nicole ____________________ Connect with Nicole | LinkedIn (Nicole) | LinkedIn (Taximize) | Website
| |||
| 25 Jun 2024 | 75. Navigating early retirement options and "bridge years" | 00:40:13 | |
LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show. **** In this episode of the 'Coaches, Consultants, and Money' podcast, hosts Erica and Ben Goode delve into key personal financial decisions surrounding early retirement. They cover the practicalities of planning for early retirement, including tax-efficient savings strategies, the implications of withdrawing from retirement accounts at different ages, and utilizing credit card points creatively for financial benefit. The episode concludes with tips for financial planning, including consulting with financial advisors, and encouragement for listeners to consider their unique financial situations and goals. 04:22 Exploring the Concept of Early Retirement 07:08 The Realities and Strategies of Planning for Retirement 12:35 Understanding Social Security and Retirement Savings 17:34 Navigating Early Withdrawals and the Rule of 55 19:38 Navigating the Rule of 55 with a Solo 401k Plan 24:10 The Concept of Bridge Years in Retirement Planning 28:18 Understanding Expenses and Savings for Early Retirement 37:54 Seeking Professional Financial Advice
Connect with Erica | LinkedIn | Website | Newsletter Connect with Ben | LinkedIn | |||
| 23 May 2023 | 37-Gaining Confidence in Business Decisions with Fathom | 00:29:53 | |
Do you want to feel empowered in your small business financial decisions? Are you tired of feeling unsure about your finances? Today I'm sharing an interview with Fathom, the financial forecasting software that I use. We discuss a solution - proactive financial planning that leads to decisive and confident choices. Say goodbye to financial stress and hello to financial confidence. When you can avoid guessing, you have an opportunity to make an educated decision that you feel confident about. - Erica Goode
Connect with Erica:
| |||
| 02 May 2023 | 34-Happy Hour Retirement Talk with Ben Goode, CPA - Part 2 | 00:22:50 | |
Last week I shared pat 1 of a happy hour conversation that my husband and fellow CPA, Ben Goode, and I had about retirement. If you haven’t already, you can catch that episode here. Today we’re wrapping up our conversation and talking through...
Connect with Ben Goode: on LinkedIn - https://www.linkedin.com/in/benjamingoode/ and Instagram - https://www.instagram.com/smokin_idahoan/
Connect with Erica:
| |||
| 12 Nov 2024 | 86. Retirement Plans for Consultants | 00:12:20 | |
Get my Monthly Newsletter here This episode, Erica covers 4 key retirement plans: Roth IRAs, Traditional IRAs, SEP IRAs, and Solo 401ks. Erica explains the eligibility criteria, 2024 contribution limits, and special considerations based on business structure (sole proprietor, LLC, or S Corp). She highlights the benefits and potential drawbacks of each plan, offering insights to help solo consultants make informed retirement savings decisions.
(00:54) Retirement Planning for Self-Employed Consultants (02:11) Roth IRA: The Favorite Child (03:55) Traditional IRA: A Flexible Option (05:46) SEP IRA: Ideal for High, Fluctuating Income (07:57) Solo 401k: High Limits and Flexibility (09:48) Key Takeaways and Final Thoughts (11:43) Stay Connected and Informed
____________________ Resources Referenced: Ep69 - SEP vs Solo 401(k) with Sean Mullaney, CPA ____________________
| |||
| 31 Jan 2023 | 20-Tax Basics...with ostriches and salads | 00:26:22 | |
Today we're hitting tax basics at a really high, 30,000 ft view level. A level that that anyone can understand. I’m not saying you have to actually do your own taxes after this (I trust that it’s probably not your favorite thing), but you can at least feel confident in talking about it and thinking through it for your business. In this episode, I will explain the basic flow of your business taxes, which includes:
You don't have to do your own taxes, but to should have a basic understanding of them. Listen in for all the details. And follow along with the show notes here: https://www.ericagoode.com/podcast/ep20 Connect with Erica:
| |||
| 12 Dec 2023 | 57-When to Get a High-Yield Savings Account for Your Business | 00:13:02 | |
We're talking all-things high-yield business savings account today:
I'll even walk you through how I move money in and out of my high-yield savings account throughout the year.
Connect with Erica:
| |||
| 28 Nov 2023 | 55-3 Things You Need to Change When Becoming an S-Corp | 00:14:50 | |
In this episode, Erica talks through what needs to change in your business once you convert to an S-corp for IRS tax purposes. Covered in this episode:
Related episodes:
Book a strategy session with me
Connect with Erica:
| |||
| 05 Mar 2024 | 65-New Reporting Law for Consultants & Small Agency Owners (BOI FinCEN reporting) | 00:11:27 | |
Get my Monthly Newsletter here Today Erica talks about the brand new Beneficial Ownership Information (BOI) reporting law, which went into effect on January 1, 2024. Geared toward small business owners, consultants, and agency owners, this law mandates reporting to the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Department of Treasury. Inside, you’ll find the answers to such questions as:
If you haven’t filed this yet, listen to the Bonus episode: Live BOI Application Walkthrough, where Erica walks you through the process as she completes it for her own business.
Important links mentioned in this episode:
Connect with Erica: | |||
| 14 Feb 2023 | 22-Cash flow forecasting and business planning with Erin Harrigan | 00:40:01 | |
Business coach, Erin Harrigan and I recently met for a planning strategy session, and she shares not only how she approached cash flow planning and paying herself before we’d met, but more importantly, what changed after our session. If you think a strategy session may help you, you’re in luck! I’ve opened up my waiting list and will be filling up my calendar starting this April. Get on the waitlist now by using this link: https://www.ericagoode.com/contact
Erin Harrigan is a Christian wife, empty nest mom, speaker, author, and business coach on a mission to help high-achieving Christian women level up their businesses without compromising their faith. Her customized business coaching, speaking, and award-winning podcast, Redefining Hustle: Pursuing Success as a Christian Woman helps women be more focused and fruitful by aligning business strategy and goals to God's truth.
And until next time, may your week be filled with love and profit!
Connect with Erica:
| |||
| 19 Dec 2023 | 58-Which Accountant Do You Need? CPA vs Bookkeeper vs CFO | 00:12:30 | |
This episode, we're talking through what type of accountant you need in your business and when to hire them. And to keep it in the spirit of the Holidays, I’ve borrowed a page from The Christmas Carol to explain how each of “the ghosts of accounting” work, how to decide when you need each one - and why. Talking through:
Connect with Erica:
| |||
| 06 Aug 2024 | 78. Advisors, Robo-Advisors, & DIYing Your Investments | 00:45:06 | |
Erica and Ben delve into different investment options, from hiring financial advisors and using robo-advisors to managing DIY investments with individual stocks, mutual funds, index funds, bonds, and money market accounts.
01:01 Discussing Summer Reads 08:27 Financial Advisors and Fees 11:17 Exploring Robo-Advisors 15:12 DIY Investing and 401k Management 24:54 Understanding Bond Funds 25:28 Investing in Index Funds 27:13 Mutual Funds vs. Index Funds 29:09 Target Date Funds Explained 31:15 Introduction to Bonds 32:22 The Bond Market and Risk 34:46 Junk Bonds and Their Appeal 38:09 Money Market Accounts and CDs 41:56 Final Thoughts and Advice
Resources Referenced: The War Below: Lithium, Copper and the Global Battle to Power Our Lives by Ernest Scheyder How to Suffer Outside: A Beginner’s Guide to Hiking and Backpacking by Diana Helmuth NerWallet’s 12 Best Robo-Advisors: Top Low-Cost & Free Options
Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 29 Nov 2022 | 11-The Right Time to Start Charitable Giving | 00:17:43 | |
**Subscribe to my newsletter here**
Today is Giving Tuesday - the day we’re all “supposed to" give. So I’m talking about generosity in your business… Some of us are waiting for the perfect moment to start giving...to start being generous. We have these fluid goals inside our heads - filled with goals that keep changing. But here’s a news flash (not): there IS no perfect time to start giving! We can start giving ANYtime Because ~
the act of giving is more important than the amount you give… ~ Erica Goode
As you move through the end of this year…whether you had a blockbuster year or a tough year…consider what giving could look like in your business today. Maybe it looks like tipping your server 100% and it costs you $50 extra. Maybe it looks like giving a worthy organization $10K. That’s up to you and any person or greater power that you choose to involve in that decision. If you’re curious about what local organizations I support throughout the US, I send out a list of those organizations to my email list each December. You’re welcome to subscribe and see for yourself. And until next time, may your week be filled with love and generosity! | |||
| 29 Oct 2024 | 85. Understanding Self-Employed Health Insurance with Jessica Skoney | 00:48:14 | |
Get my Monthly Newsletter here This episode features health insurance broker Jessica Skoney. They delve into a broad range of topics essential for self-employed consultants navigating health insurance. They discuss private versus marketplace plans, utilizing healthcare.gov and state exchanges, and the complexities of health insurance applications. Key highlights include understanding brokers vs. agents, accurately reporting income for tax credits, how to verify correct income figures, budgeting for health insurance, and the importance of seeking second opinions on brokers. With practical advice and real-world examples, this episode empowers listeners to make informed decisions about their health insurance options.
(01:20) Understanding Self-Employed Health Insurance Options (02:30) Private Insurance vs. Marketplace Plans (04:13) Navigating the Marketplace (12:45) State Marketplaces and Medicaid (19:34) The Role of Brokers and Agents (21:54) Initial Consultation with a Broker (23:45) Understanding Client Needs (23:55) Impact of Age on Health Insurance (24:59) Cost Considerations for Self-Employed Individuals (27:47) Importance of Accurate Income Reporting (31:24) Household Income and Tax Credits (36:12) Navigating Health Insurance Options (39:47) Working with Health Insurance Brokers (45:34) Conclusion and Contact Information ____________________ Connect with Jessica | Website | Instagram | Facebook Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 08 Nov 2022 | 8-Increasing Your Prices, with Podcast Coach Wren Robbins | 00:39:36 | |
In today’s episode, I welcome Wren Robbins, Podcast Coach! In our first-ever interview with a bona fide coach, we dig deep into real talk about coaches-and-money. On a personal note, Wren shares a bit about her own background, how she got started in her business way back when…and what her business looks like today. On a business-money note, we talked about:
And 3 important takeaway tips
Book recommendations: Secrets of a Millionaire Mind - T Harv Eker The Psychology of Money - Morgon Housel
Connect with Wren: On Instagram @wrenrobbinscoach Her website: wrenrobbins.com Listen to her podcast, Don’t Wing It
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA | |||
| 10 Dec 2024 | 88. Best Business Books of 2024 | 00:08:42 | |
Get my Monthly Newsletter here In this episode, Erica shares her top three business book recommendations from 2024 and three bonus reads unrelated to business that left an impact on her.
00:00 Introduction to Consultants and Money Podcast 00:48 Personal Journey with Reading 02:16 Top Business Books of 2024 05:15 Bonus: Non-Business Books That Made an Impact 07:58 Closing Remarks and Holiday Wishes
____________________ Your 2025 "To Be Read" List: The Simple Path to Wealth by JL Collins | https://a.co/d/4bkAkQl Slow Productivity by Cal Newport | https://a.co/d/5a8Ts68 Never Enough by Andrew Wilkinson | https://a.co/d/gYnSyyi Breath by James Nestor | https://a.co/d/ckssTtK Destiny of the Republic by Candice Millard | https://a.co/d/80kCZ5p The Giver by Lois Lowry | https://a.co/d/5q67wyd ____________________
| |||
| 06 Dec 2022 | 12-Idaho Special: Top 3 Breweries and Tax Incentives | 00:37:17 | |
Today, I have a VERY special episode with fellow CPA (and my hubby!), Ben Goode. Together, we're going to hit on our Top 3 Idaho Favorites...HIS: Idaho breweries, HERs: Idaho Tax Credits and Deductions From a tax standpoint, I'll hit tax incentives that are specific to Idaho residents:
Plus, you get to hear our married banter :o) Enjoy! ****** FREE TAX GUIDE for COACHES ****** Connect with Ben Goode, CPA IG @ smokin_idahoan LinkedIn: Benjamin Goode, CPA ******* Connect with Erica Goode, CPA IG @erica.goode.cpa LinkedIn: Erica Goode, CPA | |||
| 07 Jan 2025 | 89. Turning off the noise in 2025 | 00:06:52 | |
Get my Monthly Newsletter here In this episode, Erica discusses the importance of turning off the noise that misaligns with your business goals. She emphasizes the value of starting the new year with clear intentions and filtering out content that doesn't support your unique vision.
(00:00) Introduction to the Podcast (00:44) New Year Reflections and Intentions (01:08) The Impact of Noise on Your Business (03:43) Practical Steps to Turn Down the Noise (06:02) Conclusion and Final Thoughts (06:14) Stay Connected
| |||
| 19 Sep 2023 | 45-Business Money 201: Paying the IRS | 00:10:51 | |
PODCAST REVIEW GIVEAWAY - enter before Oct 8, 2023!
Episode 2 of the Business Money 201 series contains information on how to figure out how much you need to set aside for the IRS in your business - and how to get it to them. This series builds on information that was presented in the Business Money 101 series. If you haven’t listened to those episodes yet, they start here: Other recommended episodes:
Make sure you subscribe so you don’t miss any of the series - and remember to enter the giveaway!
Connect with Erica: | |||
| 26 Dec 2023 | 59-Holiday Special: Kids & Money with a 12-year-old | 00:17:11 | |
Enjoy this casual conversation I had with our 12-year-old daughter about money - and a little bit of life. From our family to yours, we hope you're taking this time during the holiday season to relax and enjoy some time with family and friends! | |||
| 13 Jun 2023 | 39-Taxes & running your business abroad with Laurie Marson, CPA | 00:37:02 | |
Thinking about spending time abroad and running your coaching or consulting business outside of the US? In this episode, I'm joined by Laurie Marson, CPA, who breaks down the complexities of working as a self-employed expatriate and how it affects your taxes. Find complete show notes here: https://www.ericagoode.com/podcast/ep39
Connect with Laurie Marson: laurie@masonaccts.com
Connect with Erica:
| |||
| 11 Jun 2024 | 74. Should You Pay Off Your Mortgage Early? | 00:30:52 | |
LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show. **** This episode from the personal finance summer series of 'Coaches, Consultants, and Money' hosted by Erica Goode and co-hosted by husband, Ben Goode, CPA, discusses the debate around whether or not it's beneficial to pay off a mortgage early. Sharing personal experiences and professional insights, they explore the pros and cons of early mortgage payoff versus maintaining it for its term. They stress the importance of personal priorities, financial strategies, and the potential psychological benefits of being mortgage-free, all while highlighting different approaches to managing a mortgage based on individual circumstances. The episode emphasizes there isn't a one-size-fits-all answer, encouraging listeners to consider their specific situations and priorities when deciding on their mortgage strategy.
00:05 Welcome to Our Summer Series: Coaches, Consultants, and Money 00:52 The Great Mortgage Debate: To Pay Off Early or Not? 01:32 Erica's First Mortgage Experience and Real Estate Insights 06:40 Strategies for Not Paying Off Your Mortgage Early 18:55 The Psychological Benefits of Paying Off Your Mortgage Early 26:37 Smart Ways to Approach Mortgage Payoff 29:46 Wrapping Up: Making the Best Financial Decision for You
Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 28 May 2024 | 73. [The Soloist Life] Building a Six-Figure Advisory Business (Working 15 Hours A Week) | 00:41:37 | |
Get my Monthly Newsletter here Today Erica shares a crossover episode from the "Soloist Life Podcast" where she was interviewed by host Rochelle Mounton. In this conversation, Erica discusses the strategies that have enabled her to build a thriving six-figure business while working significantly fewer than 40 hours a week, from setting robust boundaries to leveraging automation. They also talk about the life benefits of setting work boundaries, how to boost your business efficiency using automation and delegation, and a broader definition of wealth in today's "gig economy". How important is it to you to create a business that aligns with your personal values and lifestyle?
Listen to The Soloist Life podcast here: https://rochellemoulton.com/soloist-podcast/
Connect with Rochelle Moulton | LinkedIn | Website
Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website | |||
| 18 Apr 2023 | 32-Happy Tax Day! | 00:04:11 | |
Happy Tax Day! This is your friendly reminder that if you haven't already, today's the day our taxes are due. And if you've filed an extension - no shame in that, either - you still have to pay Uncle Sam if you owe them anything. So there's that :-( But to help take the sting out of the day, check out some of the Tax Day deals I found! How does a no-cost cookie, discount chicken meal, or free hydromassage sound? See, it's not all bad... Find some sweet "tax day" deals here!
Connect with Erica:
| |||
| 09 Jan 2024 | 60-Financial Basics for Starting a Consulting Gig in 2024 | 00:09:11 | |
Get my Monthly Newsletter here Is THIS the year that you are leaving the corporate cushion and heading out on your own? If so, here’s the “speed dating version” of what you need to get set up.
If you want a deeper dive into the items above, check out the episodes below: Episodes in the “Business Money 101” series:
Connect with Erica:
| |||
| 09 May 2023 | 35-Saving Money with ChatGPT | 00:14:45 | |
Tune in to today's episode where I answer these burning questions...and more. And I'll provide some inspiration for not only how to use it in your business...but why! (Using ChaGPT, of course!) AI will never replace what only YOU can provide to your clients, but as a soloist, AI can help you be more profitable and efficient. Your homework this week: spend 30 minutes and do a brain dump for how you can use AI in your space.
Connect with Erica:
| |||
| 18 Oct 2022 | 5-Business Money 101: Business Insurance | 00:19:29 | |
Now, I’m sure you work with “nice people”, and you may even think you don’t need insurance because you’re not selling a product, but let me encourage you to listen up, anyway! Today I’m covering :
Your homework today: poke around for 15-30 minutes online with a current insurance provider for quotes for (or go ahead and purchase!) your business insurance. Remember to do it in the name of your LLC…
Podcast Review Giveaway Between now and Oct 21st, leave an Apple Podcast review for Coaches, Consultants, and Money and be entered to win:
How to enter:
| |||
| 21 May 2024 | Summer Series Trailer | 00:03:10 | |
Listen in to hear what the plans are for this summer season on the Coaches, Consultants, and Money podcast! | |||
| 18 Aug 2023 | 42-BONUS Happy Hour Book Review - Die With Zero by Bill Perkins | 00:41:10 | |
Another Bonus interview with the debit to my credit, fellow CPA Ben Goode. We’re talking about the book Die With Zero: Getting All You Can From Your Money and Your Life, by Bill Perkins while enjoying a cold one from the Grand Teton Brewing Company Some of what we cover:
Find Die With Zero on Amazon - https://amzn.to/3QpYKap Ben’s summer reading recommendation - Jungle by Jossi Ginnsberg Erica’s summer beach read - The Rumor or The Hotel Nantucket by Elin Hilderbrand
Connect with Erica: | |||
| 15 Oct 2024 | 84. The Value of Trademarks for Consultants with Paulina Proper | 00:38:34 | |
Get my Monthly Newsletter here In this episode of the Consultants and Money Podcast, host Erica Goode is joined by Paulina Proper, co-founder of District Trademark. They explore the world of trademarks, intellectual property, and strategic branding for solo consultants. Learn how to protect your brand, navigate the trademark process, and ensure your business's legal foundations are solid. Whether you're concerned about copyrights, patents, or trade secrets, this discussion provides valuable insights to help secure your brand's identity. Stay informed on how trademarks can add value to your consulting business and potentially save you from costly rebranding in the future.
(00:00) Introduction to the Podcast (00:46) Meet Paulina Proper: Trademark Expert (02:25) Understanding Intellectual Property (04:08) Trademarks in Action: Real-World Examples (07:26) AI and Intellectual Property (09:55) Trademarking for Consultants (12:51) The Importance of Trademarking (23:48) Navigating the Trademark Process (29:15) Costs and Considerations (36:06) Final Thoughts and Advice (37:56) Stay Connected
Connect with Paulina | LinkedIn | District Trademark Connect with Erica | LinkedIn | Website | Newsletter | |||
| 11 Oct 2022 | 4-Business Money 101: LLCs & EINs | 00:28:35 | |
No, friends, it’s not a recipe for alphabet soup! It’s all about setting a firm foundation for your business! In this episode, I discuss:
And, finally, your “homework” - Google “register for an LLC in (your State here)” and find the application (really, it’s that simple - just find the application!)
EIN Application website: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
But that’s a lot of information for you, so let’s get started!
Podcast Review Giveaway Between now and Oct 21st, leave an Apple Podcast review for Coaches, Consultants, and Money and be entered to win:
How to enter:
| |||
| 04 Mar 2025 | 93. Best Business Credit Cards: Travel Rewards vs Cash Back | 00:09:40 | |
In this episode Erica addresses a common question from clients: what is the best credit card for business use? She explains why travel reward credit cards are generally a better choice than cashback credit cards for solo consultants. Erica emphasizes that travel points and frequent flyer miles are not taxed by the IRS and don't reduce business deductions, unlike cashback rewards.
00:00 Introduction to the Consultants and Money Podcast 00:50 Choosing the Best Credit Card for Your Business 01:43 Why Travel Reward Credit Cards Are Better 03:13 Maximizing Travel Rewards for Business and Personal Use 05:16 The Downside of Cashback Credit Cards 06:36 Final Tips and Recap 08:15 Conclusion and Next Steps 08:48 Concierge Bookkeeping Service
____________________ Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 22 Sep 2023 | [BONUS 4] 5 Cheapest States to go to College | 00:29:45 | |
It's back to school season! On this bonus Happy Hour episode, Ben and Erica talk through in-state public college tuition costs. Highlights:
Stacker Article: "States with the cheapest in-state public colleges" Beer: Hazertag from Odell Brewing Co (Fort Collins, CO)
Connect with Ben
Connect with Erica:
| |||
| 02 Apr 2024 | 69 - SEP vs Solo 401(k) with Sean Mullaney, CPA | 00:39:02 | |
Get my Monthly Newsletter here Today Erica is joined by Sean Mullaney, a Los Angeles-based advice-only financial planner and author of "Solo 401k: The Solopreneur Retirement Account". Sean shares his expertise on the differences between SEP IRAs and Solo 401(k)s, the benefits of each, and why most solopreneurs might favor the latter for their retirement savings. Some of the questions they discuss are:
Make sure you check out the resources below! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Erica and the Coaches, Consultants, and Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., and their services. Important Resources Mentioned:
Connect with Sean: Website | https://fitaxguy.com/ YouTube | @seanmulaneyvideos Mullaney Financial | https://www.mullaneyfinancial.com/
Connect with Erica:
| |||
| 21 Feb 2023 | 23-Maximize your profitability by understanding your customer's lifetime value | 00:13:28 | |
**MAIL BAG LINK** Have a question about business money, taxes or QuickBooks? I want to hear them. I’m doing an upcoming “Mail Bag” episode where I will answer your questions. Here’s the link to my “Mail Bag” - submit a question for me to answer on the Podcast. Remember, no question is “little” or “silly”. And if you’re still nervous, I’m happy to keep them anonymous.
Oftentimes service-based business owners, such as coaches and consultants, fail to consider the long-term value that they can bring to their clients and the lifetime value of that client to their own business. It’s a question of strategy. Your takeaway from this session is for you to think about the lifetime value of your ideal customer. And then consider:
If the lifetime value of those potential clients is high (along with your ability to close the deal), the cost of time and money there might very well be worth it. But maybe you shouldn’t be booking all those free consultations for clients that don’t have a high lifetime value. Only you know best…but you won’t if you don’t give it some thought!
If you think a strategy session may help you, you’re in luck! I’ve opened up my waiting list and will be filling up my calendar starting this April. Get on the waitlist now by using this link: https://www.ericagoode.com/contact
And until next time, may your week be filled with love and profit!
Connect with Erica:
| |||
| 11 Apr 2023 | 31-Should I be Paying Quarterly Estimated Taxes? | 00:17:21 | |
There are good surprises…and bad ones. Bad ones can happen when you haven’t been on top of your quarterly estimated tax payments. So today that’s what I’m talking about, and how you can prevent a bad surprise. I’ll explain:
Related episode: Check out episode 21 if you want to learn about how you might be able to save money by becoming an S-corp. If you don’t know - ask for help. And, until next time, may your week be filled with love and profit!
Connect with Erica:
| |||
| 30 May 2023 | 38-Top Episodes & Summer Plans | 00:06:53 | |
This episode talks about:
Episodes Referenced:
Connect with Erica:
| |||
| 13 Feb 2024 | 63 - Happy Hour: LASIK, HSAs, Simple Path to Wealth, Donor-Advised Funds (DAFs) | 00:31:02 | |
In this happy hour bonus episode, Erica and Ben crack a beer and talk about top-of-mind money topics like:
Links to Topics Mentioned: Cold Smoke Scotch Ale | KettleHouse Brewing Co Ben’s LASIK | Idaho Eye and Laser Center HSA eligible items | HSA Bank Simple Path to Wealth by JL Collins | Amazon | Goodreads How do donor-advised funds (DAFs) work? | NerdWallet Fidelity’s DAF | Fidelity Charitable
Connect with Ben Goode, CPA | LinkedIn
| |||
| 05 Dec 2023 | 56-Growing a Business as a Corporate Refugee with David Shriner-Cahn | 00:32:54 | |
Are you a “corporate refugee”? In this informative and engaging conversation with David Shriner-Cahn, he touches upon a wide range of issues that relate to the journey from being an employee to becoming a successful entrepreneur. Just some of the topics discussed in this episode:
Books referenced in the show:
David Shriner-Cahn's weekly advice program has been named by Forbes as a Podcast To Power Up Your Ultra-Lean Business. David has also been recognized as an Entrepreneur That Will Change The Way You Communicate by Inc. Magazine. Reach out to David:
Connect with Erica:
| |||
| 11 Jul 2023 | 40-[Personal Taxes] $1,200 Tax Credit for Home Improvements | 00:15:43 | |
Info on the new Energy Efficient Home Improvement Credit worth $1,200 each year for the next 10 years! Referenced Links:
Connect with Erica:
| |||
| 21 Jan 2025 | 90. Who can do your taxes and how much should it cost? with Steve Nay, EA | 00:36:57 | |
Get my Monthly Newsletter here In this episode, Erica is joined by Steve Nay, a tax professional and enrolled agent, to discuss the various credentials in the tax profession including CPAs, EAs, and the Annual Filing Season Program (AFSP). The also discuss how much a tax return should cost, as well as the potential ramifications of converting to an S-corp.
(00:00) Introduction to the Podcast (00:43) Meet the Guest: Steve Ney (02:01) Understanding Tax Accreditations (03:57) Differences Between CPA and EA (06:58) Tax Representation and Audits (11:11) Finding the Right Tax Preparer (16:44) Annual Filing Season Participant (AFSP) (18:07) Annual Filing Season Program Overview (19:31) Credentials and Representation Rights (21:28) Cost of Tax Preparation (22:47) S Corp Election and Its Implications (28:02) DIY Tax Preparation: Risks and Recommendations (30:55) Choosing the Right Tax Preparer (35:28) Contact Information
____________________ Resources Referenced: IRS Search for Tax Return Preparers | https://irs.treasury.gov/rpo/rpo.jsf ____________________ Connect with Steve | LinkedIn | Website
| |||
| 03 Jan 2023 | 16-Who Do I Need to Send a 1099 To? | 00:22:33 | |
Happy New Year and "welcome back" to business... This is an intense, but necessary episode. Inside I cover:
It's a lot, so save this episode, go back and listen to it - but don’t ignore your 1099s
***FREE Tax Deduction Guide*** Don’t forget to download my free guide called 6 Don’t-Miss Tax Deductions for Coaches. There’s a simple cheat sheet included for those of you who like to skip to the end. (You’re welcome.)
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup | |||
| 16 Apr 2024 | 70 - What Are the Odds of Getting Audited? | 00:07:55 | |
Get my Monthly Newsletter here In honor of yesterday's "Tax Day" - Erica addresses the question that is often high on our minds. And the answer should be encouraging! Links to Resources Mentioned:
Until next time, may your week be filled with empty mailboxes and profit…
Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website | |||
| 14 Nov 2023 | 53-Elevate Your Money Mindset with Sheila Hansen, CPA | 00:46:05 | |
Today I welcome fellow CPA and Certified Life Coach, Sheila Hansen to the show. Sheila supports creative service providers, providing financial support to business owners such as copywriters, photographers, social media managers, coaches, and speakers. Our conversation covered such topics as:
Reach out to Sheila:
Connect with Erica:
| |||
| 17 Jan 2023 | 18-Free Airfare for 2 Years With This Credit Card Hack | 00:31:03 | |
I’m sharing a bit more about your personal money than your business in today's episode. (But hey, if you can spend a little less in your personal life…that means you don’t have to work as hard to make more in your business, right?) This is a legit process that I use and have used with my own family to save money when we travel. Enter the free Companion Pass on Southwest Airlines! (And if you’re still a bit sore at them after the 2022 holiday travel mess, or Southwest doesn’t fly out of your airport) look into Hilton’s Honors card or Delta’s Platinum program.) I talk about:
Here’s the link for more info that I mention in the episode: https://www.southwest.com/rapidrewards/tiers-more-companion-pass And if you want to see how the math works on this process, find my show notes here: https://www.ericagoode.com/podcast/ep18 Listen in for all the details! Connect with Erica:
| |||
| 31 Oct 2023 | 51-Planning 2024 as a $1M Agency Owner | 00:13:10 | |
$1 million IT / marketing / cybersecurity / consulting agency owners - this one's for you! Today we're diving right into the $1M agency owner's planning process. (And if you’re not there yet, you may want to listen anyway, so that you’re prepared for the future!) Considering revenue, human resources, travel plans, taxes, etc, I run through a handful of questions to consider as you plan for a successful 2024, such as:
Need a fractional CFO for your business to help with 2024 business planning? Reach out below… Connect with Erica:
| |||
| 24 Oct 2023 | 50-How Data Drives Revenue with Sarah Walton | 00:48:22 | |
Sarah Walton, business coach and sales expert, is deeply passionate about empowering women to take control of their finances. In this interview, she delves into the power of exploring and analyzing data to boost your bottom line.
Sarah Walton is a business coach and sales expert who’s been featured on The Today From growing up in a low-income household with a single mom to helping moms turn Sarah’s transitioned from being “just another coach” to being a change-maker. It’s time
Connect with Sarah Walton:
Connect with Erica:
| |||
| 17 Sep 2024 | 82. Business Money 301: Cash Reserve | 00:07:41 | |
Get my Monthly Newsletter here This episode talks about the importance of maintaining cash reserves for solo consultants. Erica discusses the reasons for having a cash reserve, such as covering unexpected expenses or taking advantage of sudden opportunities.
(00:00) Introduction to the Podcast (00:51) Today's Topic: Cash Reserves (01:05) Why Keep Cash Reserves? (01:24) Examples of Cash Reserve Needs (03:45) How Much to Keep in Reserve (05:10) Where to Keep Your Cash Reserves
___________________ Related Episodes: 3. Business Money 101: Overview 4. Business Money 101: LLCs & EINs 5. Business Money 101: Business Insurance 6. Business Money 101: Bank accounts 7. Business Money 101: Bookkeeping 44. Business Money 201: Intro 45. Business Money 201: Paying the IRS 46. Business Money 201: Paying Yourself 47. Business Money 201: Charitable Giving ____________________________________________ | |||
| 07 Feb 2023 | 21-What's an S-Corp? And When Should I Become One? | 00:17:31 | |
Ever heard of the term "S-corp"? No clue what it means? No? Perfect - you're in the right place. In today’s episode, we’re talking all about S-corp basics. This is for the business owner who has less than $100K in revenue and has heard the term but has no clue what it means. Or just someone wondering if they should be an S-corp. (Spoiler alert: you’ll know by the end of this episode!) We’ll be talking about:
Note: If you haven’t listened to last week’s episode, this one follows right along, so you may want to go back and listen to that one first. Also, if you’re still unsure about how LLCs work, I explain it all in episode 4. Listen in for all the details. And follow along with the show notes here: https://www.ericagoode.com/podcast/ep22
**MAIL BAG LINK** Have a question about business money, taxes or QuickBooks? I want to hear them. I’m doing an upcoming “Mail Bag” episode where I will answer your questions. Here’s the link to my “Mail Bag” - submit a question for me to answer on the Podcast. Remember, no question is “little” or “silly”. And if you’re still nervous, I’m happy to keep them anonymous.
Connect with Erica:
| |||
| 27 Dec 2022 | 15-Is Your Christmas Present Tax Deductible? | 00:12:35 | |
Hey, I have to pay taxes...you have to pay taxes...we all have to pay taxes! But don't pay more than you have to! Take a listen to episode 13 for what you can't deduct...but listen in to see what you CAN deduct this Christmas! I'm soo happy to share this with you!
***FREE Tax Deduction Guide*** Don’t forget to download my free guide called 6 Don’t-Miss Tax Deductions for Coaches. There’s a simple cheat sheet included for those of you who like to skip to the end. (You’re welcome.)
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup | |||
| 03 Oct 2023 | 47-Business Money 201: Charitable Giving | 00:13:46 | |
PODCAST REVIEW GIVEAWAY - enter before Oct 8, 2023! As Erica continues to talk about developing habits of consistency in your business, she discusses the important concepts of giving back and charitable giving. Take time to think about the questions she poses at the end! If you’ve missed the other episodes in Business Money 201, find them here: 44 - Business Money 201: Cashflow Consistency 45 - Business Money 201: Paying the IRS 46 - Business Money 201: Paying Yourself Related resources -
Connect with Erica: FREE TAX GUIDE for COACHES - Get it here! | |||
| 04 Oct 2022 | 3-Business Money 101: Financial Foundations | 00:11:29 | |
This week I'm starting a 4-part mini-series. So I took a little trip down memory lane to draw a colorful correlation between my family home - and how important it is for YOU to set up a firm financial foundation. You may think you know what I’m gonna say…but you may also learn a thing or two in the process - and be entertained by my reminder (wink-wink). So tune it!
Podcast Review Giveaway Between now and Oct 21st, leave an Apple Podcast review for Coaches, Consultants, and Money and be entered to win:
How to enter:
| |||
| 14 Aug 2024 | 79. New Ebook Announcement | 00:01:47 | |
New Ebook Announcement!
The 15-Hr Accountant: Anatomy of a $200K, 1-Employee, 15 hr/wk Accounting Firm
Connect with Erica > LinkedIn | |||
| 16 May 2023 | 36-Navigating Midlife with Olympic Gold Medalist, Joe Jacobi | 00:45:41 | |
“To help people ignite their second wind, and to confront midlife transitions with meaning and adventure.” Olympic gold medalist, author, performance coach, resident-of-Spain, and mid-lifer, Joe and I connect some of the dots between midlife transitions, spiritual components, financial preparedness, how to “do the work” and (maybe more importantly), how to let go! As he shared his personal story, some of the topics we covered are:
Good purpose aligns the outer voice and the inner voice. But often, our inner voice has been quieted for a long time. -Joe Jacobi Connect with Joe Jacobi:
Connect with Erica:
| |||
| 07 Nov 2023 | 52-Navigating the Transition: Starting A Private Practice as a Mental Health Professional, with Kate Stewart | 00:22:48 | |
This week, I talk with Kate Stewart, LCPC who recently went from being a W-2 employee to a private practice and small business owner as a mental health professional. In today's conversation, we cover:
Related episodes:
Reach out to Kate on LinkedIn: https://www.linkedin.com/in/kate-stewart-lcpc/
Connect with Erica:
| |||
| 01 Nov 2022 | 7-Business Money 101: Bookkeeping Processes | 00:16:53 | |
“Nothing is certain except death and taxes.” Benjamin Franklin wasn’t trying to sound morbid when he said that, and neither am I. But at the end of the day, you DO have to pay your taxes, and if you don’t keep up with them, well…I promise it will catch up with you. So in this episode, I’ll be talking about bookkeeping, the one way to ensure that you keep all things money clear and straight in your business. And the only reason you really need to maintain some form of bookkeeping/accounting system in place is in order to - you guessed it - file your taxes at the end of the year. What’s the perfect system? So glad you asked! Finally…here’s the answer:
What to track:
How to track it - 3 options:
Finally, how much time do you have to spend on “keeping the books”? My answer might surprise you!
This week’s homework: Make a 30-minute date with yourself and decide what format you’ll use. If you already have a system, spend some time updating it. But only spend 30 minutes so you don’t feel overwhelmed! Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA | |||
| 04 Oct 2022 | 1-We Speak English Here | 00:09:42 | |
Do you ever feel like money people speak in a foreign language? In today's episode, I recall holiday dinners where everyone around me actually was speaking another language! So today I'm making a pledge to you...and ask that you'd help me be accountable.
Podcast Review Giveaway Between now and Oct 21st, leave an Apple Podcast review for Coaches, Consultants, and Money and be entered to win:
How to enter:
| |||
| 01 Oct 2024 | 83. Unlocking Early Retirement: Joel Clermont's Story | 00:39:24 | |
Get my Monthly Newsletter here In this episode of the Consultants and Money podcast, host Erica Goode is joined by Joel Claremont. Joel shares his experience with Laravel, his educational business, and his revelations about financial independence and early retirement.
(00:53) Meet Joel Claremont: Laravel Expert and Podcast Co-Host (01:37) Understanding Laravel and Its Applications (04:58) Joel's Journey to Financial Independence (07:46) The 4% Rule and Retirement Planning (16:59) Balancing Work and Personal Goals (21:40) Balancing Pre-Tax and Post-Tax Investments (26:46) Hiring Your Kids: Tax Implications and Benefits (36:59) Final Thoughts
=================== Resources Referenced: Ep75 - Navigating early retirement options and "bridge years" Ep42 - BONUS: Happy Hour book review - Die With Zero Simple Path to Wealth by JL Collins What is the 4% rule? | Investopedia ===================
Connect with Joel | Twitter | No Compromises | Mastering Laravel
| |||
| 03 Sep 2024 | 81. Teaching Kids About Money with Will Rainey | 00:35:14 | |
Get my Monthly Newsletter here
Erica Goode interviews Will Rainey, author of 'Grandpa's Fortune Fables,' a book designed to teach children about financial literacy through engaging stories. Will shares his backstory, including his career in financial consulting, his move to Asia, and the pivotal moment that inspired him to leave the corporate world to spend more time with his family. He discusses how he began teaching his children about money by weaving financial lessons into bedtime stories, which eventually evolved into his popular book.
(00:29) Will Rainey's Background and Career (01:15) The Inspiration Behind Grandpa's Fortune Fables (06:37) Teaching Kids About Money Through Stories (10:07) Personal Impact and Family Lessons (20:52) The Move to Vietnam and Lifestyle Changes (27:22) Returning to Corporate Life (30:36) Final Thoughts and Advice for Parents (33:12) Recap and Takeaways
Resources Referenced: Grandpa’s Fortune Fables by Will Rainey Built To Sell by John Warrillow Rich Dad Poor Dad by Robert Kiyosaki ===========================
Connect with Will | LinkedIn | Blue Tree Savings Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 29 Aug 2023 | 43-[Retirement] Rolling over an old 401k | 00:09:41 | |
Info on what to do with an investment account you may have had through your old, corporate job, now that you're self-employed and on your own. I'm talking old 401ks and rollover IRAs today.
Connect with Erica: | |||
| 14 Mar 2023 | 26-Mailbag Questions #1: IRS audits, Bookkeeping AI, New Business Taxes | 00:20:00 | |
I'm responding to a few questions that I've received in my DMs and email from clients and listeners. Maybe one of them is yours! (And if it isn't and you DO have a burning question, please send it along and I may answer it in a future episode.) Questions answered: 1 - "How do you file taxes when you just start a business and have minimam profit? Can I still file with my spouse?" 2 - "What do you think of FlyFin and other bookkeeping AI? 3 - "What happens when you get audited by the IRS?" Also an update on the Companion Pass with the Southwest Airlines credit card.
Connect with Erica:
| |||
| 10 Oct 2023 | 48-Blending Business Models with Sales Maven, Nikki Rausch | 00:37:10 | |
Book a Strategy Session with Erica One-to-One, Group Coaching, Membership Programs...there are many business models to apply to coaching and consulting businesses. Today, Erica does a deep dive with guest Nikki Rausch, about her unique blended business model and programs. If you’re confused about how to set up your own business and what type of platforms to use, take a listen. They talk about how she got to where she is today, and you’ll be inspired to assess your own model and be open to change!
Pick up Nikki’s free gift to you: https://yoursalesmaven.com/ccm Find Nikki on:
Related Episode: Interview with Natalie Eckdahl https://www.ericagoode.com/podcast/ep24
Connect with Erica:
| |||
| 18 Feb 2025 | 92. Fiduciaries, Fees & Finding the Right Advisor with Luke Sauter, CPA / PFS | 00:58:10 | |
Erica sits down with Luke Sauter, a CPA, PFS, and investment advisor who shares insights on the intricacies of financial planning, emphasizing the importance of choosing a trustworthy fiduciary who provides consistent, transparent, and comprehensive wealth management services.
00:43 Meet Luke Sauter: CPA and Financial Specialist 02:34 A Personal Journey: From Corporate to Consulting 04:54 Understanding Financial Designations and Trust 09:37 The Role of a Fiduciary and Financial Planning 16:03 Building Trust and Transparency in Financial Advisory 20:56 The Importance of Regular Communication with Advisors 26:30 The Advisor Mindset Shift 27:13 Transactional vs. Relational CPA Models 28:26 The Importance of Integrated Wealth Management 32:37 Financial Planning for Different Net Worths 36:58 Understanding AUM and Fee Structures 49:59 Choosing the Right Financial Advisor 56:13 Conclusion and Contact Information
Get my Monthly Newsletter here ____________________ Connect with Luke | Website | LinkedIn | Facebook | Instagram | YouTube Connect with Erica | LinkedIn | Website | Newsletter
Disclaimers: Vidarrow Investment Advisors is a Registered Investment Adviser in the state of Illinois. Advisory services are only offered to clients or prospective clients where Vidarrow and its representatives are properly registered or exempt from registration. This podcast is for informational purposes only and does not constitute individualized advice or a guarantee that you will achieve a desired result. You should consult with appropriate tax and/or financial advisors for advice specific to your situation. All expressions of opinion reflect the judgment of the host/interviewee on the date of the program and are subject to change. Luke Sauter is an investment adviser representative of Vidarrow. The firm is a registered investment adviser and only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Discussions should not be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell the investments mentioned. A professional adviser should be consulted before implementing any of the strategies discussed. Investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's portfolio. All investment strategies can result in profit or loss.
| |||
| 28 Feb 2023 | 24-The truth about Membership Programs with Natalie Eckdahl | 00:54:25 | |
Are you planning to add an online membership program to your business in 2023? Some entrepreneurs see a membership as a way out of done-for-you service work. And many business owners are under the impression that memberships are easy to launch and scale, but they don’t always turn out to be the easy money-makers they seem to be. You CAN scale your service-based business without memberships, or other group programs. In this loaded interview Natalie Eckdahl, CEO of Biz Chix, and I talk through the pros and cons of having a membership site and offering courses. There are so many business considerations to take into account before - or IF - you decide to add this model to your offerings. Listen in and then decide if that’s the move for you. Connect with Natalie: Natalie talked about her prior client’s Instagram account: Jessie Ginsberg Connect with Erica:
| |||
| 20 Dec 2022 | 14-Top Business Books of 2022 | 00:11:23 | |
I’ve never been a big fan of reading, but once I found the genre that caught my interest, I was hooked. So grab a cup of something that warms you up, get comfy by the fire, and listen as I share my “top 3” business book titles, and why! #1 - The Psychology of Money by Morgan Housel #2 - Miss Independent by Nicole Lapin #3 - Rejection Proof: How I Beat Fear and Became Invincible by Jia Jiang Bonus: Come Fly the World by Julia Cook
***FREE Tax Deduction Guide*** And don’t forget to download my free guide called 6 Don’t-Miss Tax Deductions for Coaches. There’s a simple cheat sheet included for those of you who like to skip to the end. (You’re welcome.) Until next time, may your week be filled with love and profit! Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup
| |||
| 04 Oct 2022 | 2-A "No Money Shame" Zone | 00:07:44 | |
Whether you don’t take care of your hair, or you haven’t been taking care of your finances, be assured this is a “shame-free zone.” You’re here, and that’s what matters! I’m not here to judge you…so don’t judge yourself, either. In today’s episode, I just want to set your fears to rest. So let’s move forward together!
Podcast Review Giveaway Between now and Oct 21st, leave an Apple Podcast review for Coaches, Consultants, and Money and be entered to win:
How to enter:
| |||
| 10 Jan 2023 | 17-Moving from Corporate to Consulting with Karen Laos | 00:41:02 | |
Indeed there is no one way or “right” way to go from corporate to entrepreneurship. In today’s episode, I interview Karen Laos and we compare notes about our own journeys. If you’re on the fence, or ready to jump, into being your own coach or consultant, this is THE episode to listen to. Karen Laos, a communication expert and confidence cultivator, leverages 25+ years in the boardroom and speaking on the world’s most coveted stages to guide corporations and individuals with her tested communication model to generate consistent results for women leaders as a coach, corporate trainer, and keynote speaker. Karen is the author of Trust Your Own Voice: Growing Your Influence Through Confident Communication, as well as the host of her highly-ranked podcast, Ignite Your Confidence, equipping women to stop holding back and start taking their seats at the table. She is fiercely committed to her mission of eradicating self-doubt in 10 million women by giving them practical strategies to ask for and receive what they want in the boardroom and beyond. Connect with Karen:
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup | |||
| 25 Oct 2022 | 6-Business Money 101: Bank Accounts | 00:23:18 | |
Today we are continuing our foundational mini-series on business money by talking about bank accounts. Now, just to be totally transparent here, I didn’t know what I was doing about setting up an account when I first started my business, either. I felt dumb and naive walking into the bank, and I suspect you might be feeling the same way, too. But I don’t want that for you. In this episode, I’ll cover:
Finally, don’t forget your homework. If you don’t have one yet, check out some options for a business account. Look online, ask your peers or local business owners… In other words, start your due diligence. And remember - you got this!
Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA | |||
| 04 Feb 2025 | 91. Consultants’ Tax Checklist: Getting Ready for Tax Season | 00:12:34 | |
This episode covers a tax season checklist for consultants and consulting firm owners.
(00:43) A Funny Story About Margaritas (02:29) The Importance of Accurate Tax Inputs (03:00) Steps to Prepare for Tax Season (03:13) Reconcile Everything (05:31) Owner Distributions and Your P&L (06:42) Retirement Contributions (07:27) Organizing Receipts (08:58) Filing 1099s (09:37) Mileage Log for Business Deductions (10:28) The Importance of Early Tax Preparation (11:11) Conclusion and Final Tips
____________________ Resources Referenced: 86. Retirement Plans for Consultants | https://www.ericagoode.com/podcast/ep86 ____________________
| |||
| 20 Feb 2024 | 64-To Hire or Not To Hire: Staying Solo with Geraldine Carter | 00:49:53 | |
Get my Monthly Newsletter here Welcome to part 2 of the mini-series “To Hire or Not to Hire.” Today Erica talks with Geraldine Carter, a business coach who works with CPAs to help them go down to a forty-hour, then twenty-five-hour, and then eventually fifteen-hour work week without losing revenue. Their deep-dive discussion covers strategies for optimizing work hours and productivity without necessarily expanding the team. Just another approach to growing a profitable business! Find the answer to these questions inside…
Books mentioned in this episode: Getting Things Done, David Allan Value-Based Fees, by Alan Weiss Business of Expertise, by David C Baker
If you missed the first part of this 2-part series, catch it here: https://www.ericagoode.com/podcast/ep62
Reach out to Geraldine:
Connect with Erica:
| |||
| 30 Apr 2024 | 71 - What to Budget for When Writing a Book with Stephanie Chandler | 00:36:33 | |
Get my Monthly Newsletter here Author and CEO of the Nonfiction Authors Association, Stephanie Chandler, joins Erica in this educational and engaging discussion about how business owners can use a book to build their business. Some of the questions Stephanie answers are:
Stephanie Chandler is the author of several books including The Nonfiction Book Marketing and Launch Plan and The Nonfiction Book Publishing Plan. She is CEO of the Nonfiction Authors Association, a vibrant community for writers, and the Nonfiction Writers Conference, a live event conducted entirely online since 2010. A frequent speaker at business events and on the radio, she has been featured in Entrepreneur, BusinessWeek, The Writer, Writer’s Digest, and Wired magazine.
Resources Mentioned:
Connect with Stephanie Chandler | LinkedIn | The Nonfiction Book Marketing and Launch Plan
Connect with Erica | LinkedIn | Email List
| |||
| 12 Sep 2022 | Welcome to Coaches, Consultants and Money! | 00:02:28 | |
"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?!
May your week be filled with love...and profit! | |||
| 05 Mar 2024 | 66-BONUS: Live BOI (Beneficial Ownership Information) Application Walkthrough | 00:15:41 | |
Get my Monthly Newsletter here This episode of a LIVE walkthrough of Erica filing her own BOI (Beneficial Ownership Information) reporting via the FinCEN website. If you haven't already, listen to Episode 65 first.
Important links mentioned in this episode:
Connect with Erica: | |||
| 19 Mar 2024 | 68-No Pain, No _______ | 00:05:58 | |
Get my Monthly Newsletter here
Whether it’s growing fast…or slow…today Erica shares some encouragement as you move forward in your business. Hint: growth doesn’t have to be accompanied with pain! And in the meantime, may your week be filled with healthy growth, and profit…
Connect with Erica Goode, CPA | LinkedIn | Monthly Newsletter | Website
| |||
| 20 Aug 2024 | 80. Buying vs. Renting a Vacation Home: A Case Study | 00:35:34 | |
In the summer series finale Erica and Ben delve into a financial case study of whether it's more cost-effective to buy or rent a vacation home.
(00:00) Podcast Rebranding Announcement (03:33) Should You Buy a Vacation Home? (05:16) Financial Model for Vacation Home Decision (06:48) Survey Insights and Personal Experiences (09:49) Assumptions and Details of the Financial Model (17:14) Understanding Home Value Growth Rate (18:56) Rental Assumptions and Long-Term Benefits (21:31) Investment Growth Rate in Rental Scenarios (23:05) Analyzing the Cash Flow Model (30:08) Qualitative Considerations in Financial Decisions (33:17) Wrapping Up the Summer Series
============== Link to cashflow model: ==============
Connect with Ben | LinkedIn
| |||
| 04 Apr 2023 | 30-Extending Your Tax Deadline: Do I Still Have to Pay On Time? | 00:11:41 | |
Tax season is almost here, which means one of two things:
Either way, the bottom line of today’s episode is something we all need to know. I’ll be talking about:
Link to copy of a 1913 tax return!
Connect with Erica:
| |||
| 23 Jul 2024 | 77. Demystifying Tax Rates: What You Need to Know | 00:29:14 | |
LEAVE A REVIEW! If you enjoyed this episode, do us a favor and leave a rating and review right here on your podcasting app. It helps others find the show. In today’s episode, Erica and Ben dive deep into understanding marginal and effective tax rates, how they impact your income, and why they're important. The episode also provides tips on managing tax withholdings and recommendations for helpful financial resources. 04:57 Listener Mail: Early Retirement Resources 06:57 Exploring Budgeting Apps: Monarch 11:16 Understanding Tax Rates: Marginal vs. Effective 20:15 Practical Tax Tips and Withholding Adjustments 28:50 Wrap up
Ep75 - Navigating early retirement options and "bridge years" Simple Path to Wealth by JL Collins Monarch Money (budget app) - 30 day free trial 2024 Federal Income Tax Brackets [Nerdwallet]
Connect with Erica | LinkedIn | Website | Newsletter
| |||
| 22 Nov 2022 | 10-Happy Thanksgiving | 00:01:02 | |
Happy Thanksgiving! ***6 DON'T MISS TAX DEDUCTIONS FOR COACHES***
| |||
| 21 Nov 2023 | 54-Thanksgiving Wishes from CC+M | 00:02:52 | |
Wishing you a very happy Thanksgiving!
With Much Gratitude, Erica | |||
| 12 Sep 2023 | 44-Business Money 201: Cashflow Consistency | 00:07:31 | |
PODCAST REVIEW GIVEAWAY - enter before Oct 8, 2023!
In this first episode of Business Money 201, continue to discover information to make the money run smoothly in your business and your life! This series builds on information that was presented in the Business Money 101 series. If you haven’t listened to those episodes yet, find them here: 4 - LLCs and EINs 6 - Bank Accounts Make sure you subscribe so you don’t miss any of the series - and remember to enter the giveaway!
Connect with Erica: FREE 6 Don't Miss Tax Deductions for Coaches
| |||
| 07 Mar 2023 | 25-How to Pay Yourself from Your Business - Salary vs Owner Distributions vs Profit | 00:10:38 | |
Today I’m sharing the short-but-sweet answer to a question that is on EVERY new business owner’s mind: “How do I pay myself?” It’s really not a complicated answer, but here it is:
I'll talk through:
***** And if you need a refresher, here are 2 episodes I refer to in the show:
Connect with Erica:
| |||
| 26 Sep 2023 | 46-Business Money 201: Paying Yourself | 00:11:10 | |
PODCAST REVIEW GIVEAWAY - enter before Oct 8, 2023!
You started a business, not a hobby, so you know how important it is to pay yourself consistently. In this episode of the Business Money 201 series discover business planning strategies that will help you do just that. This series builds on information that was presented in the Business Money 101 series. If you haven’t listened to those 5 episodes yet, they start here: Other recommended episodes:
Connect with Erica:
| |||
| 21 Mar 2023 | 28-Which Business Model is Right for Growing Your Business? | 00:10:02 | |
Everyone has a “trailhead” at the start of their business. There are many business models to choose from, but when you’re first starting out, you often don’t have a clear vision of what your business will look like in 5 years… Eventually, if you want to meet goals and continue to grow your business, you’ll need to know how you will move forward. Only you know what business model fits your goals and will help you achieve what you want. Listen to today’s episodes for some thoughts on possible business models, and how you can begin to get clarity on your own. Find the complete show notes here.
Connect with Erica:
| |||
| 25 Apr 2023 | 33-Happy Hour Retirement Talk with Ben Goode, CPA - Part 1 | 00:23:04 | |
In episode 12, I had a casual conversation with fellow CPA, and my hubby, Ben Goode about Top Idaho Breweries and Tax Write-Offs Today’s episode is part 1 of another “Happy Hour” conversation, where we’re talking about retirement plans (ours and things you might want to think of, too) and sharing our thoughts on these topics:
Check back next week for part 2!
Connect with Erica:
| |||
| 06 Feb 2024 | 62-To Hire or Not to Hire: Successful Hiring for Solopreneurs with Jamie Van Cuyk | 00:44:59 | |
Get my Monthly Newsletter here Welcome to part 1 of the 2-part mini-series “To Hire or Not to Hire.” As a business owner, whether you choose to stay solo or grow a team is your decision. Think about your needs, your business model, and what’s right for you. Then take the time to listen to this episode and the next one, and move forward. Either way can be profitable! Find the answer to these questions inside…
Reach out to Jamie:
Connect with Erica:
| |||
| 24 Jan 2023 | 19-Are you REALLY selling grill brushes? | 00:06:57 | |
I recently received an ad for grill brushes. It brought back some memories about a story I'd heard years ago... Which got me thinking about my business - and yours. Your takeaway in this short-but-sweet episode: Whether you sell a product or a service, think about your customer and what they are actually buying when they work with you. It may change the way you look at not only what you do, but how you market it! Listen in for all the details! Connect with Erica:
| |||
| 13 Dec 2022 | 13-What You SHOULDN'T Deduct As a Coach or Consultant | 00:08:59 | |
Here's a list of things I see lots of coaches or consultants try to deduct on their taxes. Check yourself, or better - check with your accountant - before you write these off. I may get some pushback on this, but, friends, trust me, the IRS won’t like it ;-) Listen to my list of 3 and feel free to let me know your thoughts. And definitely stick around to the end where I explain a mileage deduction adjustment that the IRS implemented this year which you may not know about!
***FREE Tax Deduction Guide*** Don’t forget to download my free guide called 6 Don’t-Miss Tax Deductions for Coaches. There’s a simple cheat sheet included for those of you who like to skip to the end. (You’re welcome.) Until next time, may your week be filled with love and profit! Connect with Erica: Instagram @erica.goode.cpa LinkedIn: Erica Goode, CPA Newsletter sign-up: https://www.ericagoode.com/newsletter-signup | |||