In this episode of the Empowered CPA podcast, I discuss what you need to know about Beneficial Ownership Information (BOI) reporting. As mandated by the Corporate Transparency Act, this new requirement affects many business entities, particularly LLCs, and aims to combat illicit activities such as money laundering and tax fraud. I describe the filing process, necessary documentation, and the significant penalties for noncompliance, emphasizing the importance of being prepared and proactive in meeting these new regulations.

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BOI E-FILING

In this episode of the I discuss essential year-end tax planning strategies for both W-2 employees and entrepreneurs. I emphasize the importance of proactive tax management, understanding tax liabilities, and utilizing available tax credits. I talk about the significance of keeping accurate bookkeeping and consulting with tax professionals to navigate potential changes in tax legislation. The conversation aims to equip listeners with the knowledge and tools needed to approach tax season with confidence and clarity. There are additional resources available at TheEmpoweredCPA.com to help clarify the process of estimated tax payments and properly filling out 1099's.

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In this episode of the Empowered CPA podcast, I officially announce the launch of 'ChitChat', an online community designed specifically for women to discuss financial matters in a safe and supportive environment. The community aims to provide a space for women to share their financial highs and lows without fear of judgment, fostering connections and support among members. I describe the structure of the community, including various sections for different topics, weekly meetups, and challenges to encourage engagement and growth. I also emphasize the importance of community in achieving financial goals and invites listeners to join and provide feedback on this new initiative.

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www.TheEmpoweredCPA.com/chitchat

Use the code CHITCHAT50 to get 50% off your first three months

In this episode of the Empowered CPA podcast, I talk with Sarah Sims, who shares her journey of personal transformation and the importance of self-care in managing stress. Sarah discusses her corporate role in leading workplace culture and her passion for helping individuals and teams thrive by operating in their gifts. The conversation explores the challenges of stress, the process of self-discovery, establishing boundaries, and the significance of effective communication within teams. Sarah emphasizes the need for leaders to understand their own gifts and those of their team members to foster a positive work environment.

Take the FREE self-care quiz at https://sarahsims.co/

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www.TheEmpoweredCPA.com

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In this episode of the Empowered CPA, I reflect on my college days as a D1 athlete and the profound impact my coach had on my life. I share my journey back to my university for my coach's Hall of Fame induction, highlighting the memories, emotions, and lessons learned along the way. The conversation emphasizes the importance of legacy, self-reflection, and the impact we have on others, encouraging listeners to consider their own legacies and the ways they can positively influence those around them.

Instagram: @TheEmpoweredCPA

www.TheEmpoweredCPA.com

In this episode of the Empowered CPA podcast, I chat with Dr. Elizabeth Stroot about the multifaceted roles women play in their personal and professional lives. We explore the importance of self-care, the challenges of entrepreneurship, and the necessity of finding a supportive community. The conversation delves into the complexities of balancing family responsibilities with career ambitions, the significance of setting boundaries, and the value of asking for help. We also touch on personality assessments and the importance of planning for unexpected events, all while emphasizing the need for open and honest communication in both personal and professional relationships.

Instagram: @DrElizabethStroot and @TheEmpoweredCPA

Our website: www.TheEmpoweredCPA.com

Today I chat with my friend Blakely Rogers who shares her unique journey from traditional accounting to the fintech startup world. Blakely discusses her experiences going from a traditional CPA firm in South Georgia to a Tech start up in Austin. From khakis to frozen sangria and everything in between. Blakley discusses the impact of the pandemic on the company, her transition to entrepreneurship with her own company and later building Modern Receivable. We talk about the importance of innovation in accounts receivable solutions and how when traveling you should always take a ghost tour to meet fun new people!

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https://modernreceivable.com

In today's episode I discuss the intricate relationship between feelings and money, focusing on the concept of money trauma. I emphasize the importance of acknowledging personal financial traumas, seeking professional help, and identifying personal money scripts. I also discuss mindfulness practices to manage financial anxiety, the necessity of financial education, and the significance of addressing debt shame. I also highlight the importance of setting financial boundaries, maintaining open communication in relationships, and building a supportive community to foster a healthier relationship with money.