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

Today, we’re joined by a special guest, Daria Victorov, who is a financial advisor at Abacus Wealth Partners, and specializes in working with young professionals in tech and those who have come into wealth at a young age. Join us as we dive into the topic of financial planning for young inheritors. We'll explore the unique challenges and opportunities faced by those who come into wealth early in life, and Daria will share her insights on how to navigate this complex journey. Whether you're a young inheritor yourself or simply curious about the financial dynamics of inherited wealth, this episode is packed with valuable information and practical advice.

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

• How Daria got into the niche of working with young inheritors
• The age demographic of a “young inheritor” and a few things they struggle with
• When inheritors typically come to seek guidance from a financial advisor
• The approach many inheritors take after inheriting wealth
• Why managing money is important for everyone, regardless of your income level
• The emotional and social struggles young inheritors face
• Why some young inheritors struggle with lifestyle adjustments
• Some of the initial responses financial advisors see with the inherited money
• How family dynamics play when it comes to inheritance and trusts and how an independent party can help navigate those family dynamics
• How long it can take some to create a build financial confidence

• Connect with Daria via email at daria@abacuswealth.com or on LinkedIn
• 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 discussion, we're diving into the world of artificial intelligence and its implications for consumers. We’re joined by Gabe Brenner, a financial advisor at Abacus Wealth Partners, who shares his perspective on the integration of AI tools in financial planning and everyday life. Gabe will walk us through the potential and practical uses that AI holds, from boosting productivity to navigating complex information effortlessly, and even aiding in our creative ventures. We'll also discuss the dual nature of AI, covering both its benefits and potential risks, including AI-driven scams and the necessary precautions to protect ourselves against them. Gabe will share some of his recommended AI tools and his experiences with them. By the end of this episode, you'll have a clearer understanding of how to leverage AI effectively, its importance in our rapidly evolving technological landscape, and ways to safeguard yourself against its potential pitfalls!

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

• Understanding the basics of AI tools and how they show up in the consumer market
• How to use AI for creative tasks effectively
• Leveraging some of the AI tools out there (and which one is best for different tasks)
• The impact AI is having on several careers and industries
• Gabe’s top 4 AI tools
• Why it’s important to verify the data obtained from AI
• Some of the potential risks and scams and how to implement security measures
• Some of the upcoming advancements in AI
• A few of the companies that are working to keep AI ethical and use it for good
• A discussion on how AI is being integrated into educational processes
• Why consumers should integrate AI into their daily tasks for better outcomes

• Perplexity
• Claude
• Chat GPT-4o
• Gemini

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

Today, we bring on Kate Barron-Alicante, Director of Impact and Financial Advisor at Abacus Wealth Partners. Kate is here to guide us on a journey to becoming conscious consumers and investors. She'll share her insights on aligning our spending and investment decisions with our deeply held values, making mindful choices that do more than just serve our immediate needs—they help to sustain the communities and the planet we care about. In this episode, Kate will walk us through her own experience and offer practical, personalized steps to initiate meaningful change. We'll explore the concept of B Corps, explore the importance of impact reports, and discuss the broader implications of our financial decisions, from everyday purchases to the banks we choose. By the end of our conversation, you'll have a better understanding of how to evaluate companies on their treatment of workers, environmental practices, and social impact—so you can make choices that reflect what matters most to you. So let’s jump in and get started!

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

• What is meant by conscious consumerism
• Why we should pause, slow down, and be mindful of our spending decisions
• What Impact Spending is and how to maximize your conscious consumerism impact
• Where to start to build conscious consumer habits
• How to tailor your conscious consumer decisions based on your personal life
• Some criteria to use when searching for ethical companies
• B Corp explained and the impact these companies have
• How to read and analyze a company’s impact report
• Why you should focus on being 1% better on your conscious consumerism
• Other industries to include in your conscious consumer choices to leverage a collective impact in the world

• B Corporation
• Find a B Corp

• 2023 Abacus Impact Report

• Connect with Kate Barron-Alicante on LinkedIn
• 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

Today we’re exploring a topic that excites many and mystifies others:Credit Cards. Learn how to make your credit cards work for you! From understanding the perks to making sense of rewards, we’ll guide you through the ins and outs of maximizing your credit card benefits. Whether you're a seasoned cardholder or just starting out, this episode is packed with insights to help you leverage your credit cards effectively. Mary Beth and Neela give insight into how they use their credit cards to maximize the offered benefits. Let's jump right in and decode the credit cards and ways to be a strategic credit card holder.

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

• How to figure out the best credit card for you based on your lifestyle
• Understanding the different types of rewards and where they can fit into your plan
• The best way to balance annual fees and rewards
• How many credit cards should you have?
• If you are paired up, how to approach the credit card game with your significant other
• Some good practices to follow to avoid hits on your credit score
• A great way to maximize the benefits from the cards you currently have
• What positively and negatively impacts your credit score (and how it all works)
• A few tools and resources to use when exploring the credit card game
• The best way to utilize credit cards responsibly

• 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

Today, Mary Beth is joined by Abacus advisor, Emily Benedetto to discuss financial planning for families with young kids. Emily brings a wealth of knowledge and practical advice for young parents grappling with the new financial responsibilities that come with expanding their family. Mary Beth and Emily discuss everything from managing emergency funds, life insurance, the importance of discussing money openly, to how to save for your children's future. Whether you're expecting your first child or navigating financial planning with little ones running around, this episode is packed with valuable insights.

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

• The reason having an emergency fund is a necessity, especially with young kids
• Some savings adjustments you can make to continue to focus on your financial goals and meet the needs of your littles
• Two things you should take care of within the first year child’s life
• How to manage the cost of childcare and other options to consider
• When right time is to be thinking about your kids’ college savings
• The importance of revisiting your financial plan once your child has been born
• Ways to make ends meet without breaking the bank
• Adjustments you can make to your financial decisions, so it doesn’t feel like you’ve pushed your financial goals aside for your kid
• The importance of having open discussions with your partner about money

• How to Teach Your Children About Money with Gabe Brenner

• Reach out to Email at Emily@abacuswealth.com or on LinkedIn
• 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