Consultants and Money

Feb 04 2025 94 ep. 22 mins 4

Consultants and Money Podcast artwork

A bi-weekly podcast show for solo-consultants who have questions on all things money. We'll talk through business taxes, paying yourself consistently, cashflow forecasting, and LLCs vs S-corps. Hosted by Erica Goode, CPA & CFO - a former Fortune 50 corporate finance director, former Big 4 public accountant, and current wife and mom.

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91. Consultants’ Tax Checklist: Getting Ready for Tax Season

Feb 04 2025 12 mins

Contact Form 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

90. Who can do your taxes and how much should it cost? with Steve Nay, EA

Jan 21 2025 36 mins

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

89. Turning off the noise in 2025

Jan 07 2025 6 mins

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

88. Best Business Books of 2024

Dec 10 2024 8 mins

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

87. You (Yes, you!) Might Owe Tax in Another State with Nicole McClintock

Nov 26 2024 36 mins

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 clien

86. Retirement Plans for Consultants

Nov 11 2024 12 mins

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 hel

85. Understanding Self-Employed Health Insurance with Jessica Skoney

Oct 29 2024 48 mins

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 understandi

84. The Value of Trademarks for Consultants with Paulina Proper

Oct 15 2024 38 mins

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

83. Unlocking Early Retirement: Joel Clermont's Story

Oct 01 2024 39 mins

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 Application

82. Business Money 301: Cash Reserve

Sep 17 2024 7 mins

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 o