Today, we're diving into a topic that can make or break a business—tax planning for entrepreneurs. In this episode, we’re excited to have Tiffany Vaught join us. Tiffany is not just any CPA; she’s a Certified Exit Planning Advisor (CEPA®) for small business owners, the CEO of Incurio, LLP, and the co-founder of Something Artists. With her entrepreneurial spirit and extensive experience, Tiffany brings a wealth of knowledge about proactive financial planning and tax strategies that can help you navigate your business journey with confidence.

We'll discuss tax planning essentials—whether you're a sole proprietor or contemplating making an S Corp election, the significance of maintaining accurate records, and Tiffany’s insights on the IRS’s increasing use of AI for audits. We’ll also touch on how unique income streams and expenses, like those from influencers, or complex real estate investments, play into your tax planning. So, whether you're a seasoned entrepreneur, a solo consultant, or just starting out, join us!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

• How a CPA can help provide financial solutions in your business
• When to do your own accounting and when to hire a professional
• The importance of understanding basic accounting to facilitate planning and tax filings
• Why accurate and timely bookkeeping is crucial for business strategy and financial planning
• How frequently you should be checking your business books and why
• A key to long-term business stability
• The best way to improve cash flow management and mitigate unforeseen financial challenges
• How to shift your operations from hand-to-mouth to forward-looking financial health
• What you need to be strategic with cash flow management and acquiring lines of credit
• Understanding how entrepreneurs can avoid crises and optimize growth strategies

• The Soul of Money: Reclaiming the Wealth of Our Inner Resources by Lynne Twist

• Connect with Tiffany Vaught on LinkedIn, Twitter, and Instagram. Visit Encuriohq.com to learn more.
• Connect with Mary Beth on Twitter, Instagram, and on LinkedIn
• Connect with Neela on Twitter, Instagram, and on LinkedIn
• Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's episode, we tackle a significant question: Is Homeownership Still Part of the American Dream? It’s a complex topic, influenced by changing economic landscapes, psychological factors, and the ever-evolving housing market. We'll explore the benefits and challenges of homeownership, discuss current market conditions, and offer practical advice for those considering whether to own real estate as part of their financial journey. Tune in as we help you understand whether homeownership should still be a dream you aspire to—or if there are other paths to financial success worth considering.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

• The evolution of homeownership as part of the American Dream
• Why older generations have benefited more from the housing market
• The impact high-interest rates are having on the housing market
• How supply and demand are sharping the housing market
• Discussing the question of whether you should buy or rent
• The current economic impact that is occurring across multiple industries because of the shift in the housing market
• How to balance a home down payment with your other financial goals
• Who you should consider having on your team if you are interested in buying a home and the impact a good team can have
• A few things to think about when looking at a house as a long-term investment
• Why it’s important to look to the future when thinking about becoming a potential homeowner

• Connect with Mary Beth on Twitter, Instagram, and on LinkedIn
• Connect with Neela on Twitter, Instagram, and on LinkedIn
• Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Raising kids takes a village. As the old saying goes, it really does take a community to support parents, especially in this day and age of over-scheduled lives and demanding careers. Having a tribe you can lean on makes all the difference. In this episode, Mary Beth and Neela get real about their own experiences relying on their village. They touch on topics such as the importance of building a community, learning how to ask for help, even when it’s uncomfortable, navigating the pressure to “do it all” as working moms, and how investing in your village pays dividends for your family and your career.

So let’s get ready for an honest conversation about needing your people to get through this wonderful, exhausting journey called parenting. Let's dive in!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

• Why building a supportive community is crucial for navigating parenthood
• Where to look for valuable support and resources
• The importance of asking for help and being vulnerable
• Individuals you can lean on for much-needed breaks
• How to attack parenthood through delegation
• The best way to navigate summer activities and camps for children
• Outside-the-box ways to invest in relationships and support each other
• The one word that can help avoid overcommitting and allow you to maintain a healthy life balance
• The encouragement you can provide your children to assist with additional support
• Why it’s important to cultivate a diverse and supportive community, for you, for your family, for your career and for your financial future

• Connect with Mary Beth on Twitter, Instagram, and on LinkedIn
• Connect with Neela on Twitter, Instagram, and on LinkedIn
• Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn