Managing Business Finances with Melissa Houston | Ep. 85

Jan 20, 202225 min

Tiffany sits down with Melissa who breaks down how to manage a business from an accounting perspective by recognizing profit from revenue. Melissa shares her tips on getting your books in order as a business owner and why every business owner needs a cash reserve. About Our Guest Melissa Houston is a CPA with over 20 years of experience. She is a Financial Strategist for CEOs where she helps successful business owners increase their profit margins so they keep more money in their pocket and increase their net worth. Melissa is a columnist at Forbes.com and the host of The Business Society podcast. Connect with Melissa Facebook: https://www.facebook.com/melissa.houston.1420354 Instagram: @melissahoustoncpa Twitter: @melissahcpa (https://twitter.com/melissahcpa) Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Melissa Houstonprofit vs revenuecash reserve

Why Every Business Owner Needs a Bookkeeper | Ep. 391

Oct 3, 202518 min

Today on Money Talk With Tiff, Tiffany sits down with Melissa Broughton to tackle one of the most dreaded topics for entrepreneurs: bookkeeping! Melissa breaks down exactly what a bookkeeper does, why every business owner needs one (no matter what stage you’re at), and how skipping this crucial step could be leaving thousands of your hard-earned dollars on the table. From decoding the roles of bookkeepers, CPAs, and fractional CFOs to real-life cautionary tales, this episode is packed with actionable insights for business owners and freelancers alike! Plus, Melissa’s offering a fantastic freebie exclusively for Money Talk With Tiff listeners. Check out the full episode show notes: https://moneytalkwitht.com/podcast-show-notes/business-needs-a-bookkeeper/ What You’ll Learn What a Bookkeeper Really Does: Melissa clarifies the mystery around bookkeeping, explaining it’s all about organizing your financial transactions and keeping your business tax-ready. Why Bookkeeping Is Crucial: Beyond tax time, regular bookkeeping helps you spot trends, manage budgets, and make smarter business decisions in real time. Bookkeeper vs. CPA vs. Fractional CFO: Discover the differences between each financial role (Melissa’s medical analogies make it easy!), and why a bookkeeper should be your foundational hire. The Real Cost of Neglecting Your Books: Hear how business owners are missing out on an average of $7,500 in deductions by NOT having up-to-date books (and how it could be way more). Getting Started (Even if You’re Small): Do you really need a bookkeeper if you’re just starting out? Melissa shares who can DIY and when it’s time to bring in a pro. Episode Gems Tiffany’s Take: “You won’t get that data just going to a tax professional once a year! You need real-time insights to truly run your business.” Melissa’s Pro Tip: “The expense of hiring a bookkeeper is 100% tax deductible—and makes sure taxes don’t haunt you later!” Melissa’s Free Gift: Download a complimentary electronic copy of The Four Hour Bookkeeper—perfect for DIYers who want to get their books in order. Links & Resources Grab Your FREE Copy: The Four-Hour Bookkeeper – Claim your copy here! (https://busybeeadvisors.com) (Go to the contact form to request your free book) Connect with Melissa: busybeeadvisors.com (https://busybeeadvisors.com) – Schedule your free consultation for bookkeeping or taxes. Connect with Tiff Website & All Episodes: moneytalkwitht.com (https://moneytalkwitht.com) Social: @MoneyTalkWithT on all platforms Don’t let bookkeeping be the monster in your business closet! Tune in, grab your free book, and step into your CEO power with clear financials.

BookkeepingMelissa BroughtonCPA

Stay At Home Bookkeeping with Tiffani Higgins | Ep. 91

Mar 3, 202212 min

Tiffani Higgins, CPA and owner of the Bookkeeper Academy, joins us this episode to walk through all things bookkeeping. Tiffani shares her own experience in starting her bookkeeping company, how her program helps moms build home-based bookkeeping businesses on their own terms, and how bookkeeping can be a flexible side hustle for anyone. About Our Guest Tiffani Higgins is a CPA and mom of 5 and former bookkeeping business owner. After 4 years of experiencing all the amazing benefits that a virtual bookkeeping business provided to her family (unlimited vacation time, ability to travel, no need to budget, upgraded lifestyle, brand new car, house with a pool and tennis court, paying off debt, etc) she decided to launch the Stay-at-Home Bookkeeper Academy where she could teach other busy moms to follow in her footsteps and create their ideal lifestyle so they could have their cake and eat it too. This allowed families to build wealth while still getting to experience every one of their children’s milestones. Connect with Tiffani Higgins Facebook: https://www.facebook.com/groups/HYCAEIT Instagram: @haveyourcakeeatittoothiggins Website: https://www.stayathomebookkeeper.com Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Tiffani HigginsbookkeepingStay-at-Home Bookkeeper Academy

Making Money From Home with Whitney Bonds | Ep. 92

Mar 10, 202220 min

Whitney Bonds joins Tiffany in this episode to share flexible side hustle ideas that can help you start making money from home. About Our Guest Whitney Bonds was a working mom desperate to find a way to make money from home so she could stay home and raise her children. She found a void in the market for this very thing and created a website to help her and other moms find legitimate ways to make money from home. The jobs Whitney recommends works for everyone, not just moms and can earn you as little as $1,000 a month to having $10,000 months. Everything has been tried by a mom so you can rest assured it works. Connect with Whitney Bonds Facebook: https://www.facebook.com/triedandtruemomjobs Instagram: https://www.instagram.com/whitney_ttmj/ Website: http://triedandtruemomjobs.com Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Whitney Bondsside hustlework from home

Essential Small Business Tax Tips with Aimee LaLiberte | Ep. 65

Aug 7, 202131 min

In this episode, Tiffany Grant sits down with Aimee La Liberte, the owner of My Virtual CFO, to delve into crucial tax strategies and financial management for small businesses. Whether you're a new entrepreneur or a seasoned business owner, this episode is packed with essential insights to help you navigate your financial needs effectively. Key Discussion Points Identifying Financial Support Needs Aimee emphasizes the importance of understanding specific financial support requirements. Options include hiring a bookkeeper, a fractional CFO, or a CPA based on your business's financial complexity. Tiffany’s Experience Tiffany shares her journey in managing business finances, initially considering only a bookkeeper but realizing the need for strategic financial assistance from a CPA or fractional CFO for tax strategy and growth. Tool Spotlight - QuickBooks Online Highlighted as a valuable tool for handling payroll and basic bookkeeping tasks efficiently. Profit Creation and Tax Payment Profit signifies wealth creation for the business owner. Paying taxes is an indicator of business profitability and supports societal infrastructure. Positive Perspective on Taxes Reframe your mindset to view tax payments as a positive contribution to governmental services and a marker of business success. Business Structure Recommendations Start with an LLC to establish credibility and legal entity status. Transition to an S Corp as profits increase to take advantage of tax benefits and structured payroll. Financial Management Strategy - Profit First Implement the "Profit First" methodology by Mike Michalowicz (https://amzn.to/4erSlUK): Create five bank accounts for better cash flow management: Income, Profit, Tax, Owner’s Pay, Operating Expenses. Distribute incoming funds according to preset percentages to ensure saving for taxes and allocating profit. Budgeting and Mindset Using separate accounts for different financial needs alleviates financial fear and ensures budget management. Structure finances to allow consistent owner pay and expense management without disruption. About Our Guest As the owner of My Virtual CFO, Aimee is a trusted profitability advisor to six and seven-figure business owners who are tired of being behind in their books and are ready to uncover blind spots, course correct, and ultimately get more profitable. Aimee also is a certified life and money coach and works with business owners who seek greater confidence and unwavering drive to attract and build wealth in their businesses and lives. Connect with Aimee Website: https://myvirtualcfo.co/ This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Aimee LaLiberteMy Virtual CFOLLC

Don't Let Poor Financial Management Derail Your Business - Insights from Paul Halme | Ep. 194

Jan 19, 202315 min

In this interview, Paul Halme shares some great tips on managing your business finances and staying out of trouble. This is essential information for any business owner! About Our Guest Paul Halme is a best-selling author, international speaker, financial advisor, and a Brazilian Jiu-Jitsu world champion. To entrepreneurs, he is the secret weapon they don’t want their competitors knowing about. He is a former stock broker and built his business into one of the most successful gyms in the US. He creates high 6-figure offline businesses for his clients. Connect With Paul Halme Website: https://www.paulhalme.com Instagram: https://www.instagram.com/paul.halme Facebook: https://www.facebook.com/paul.halme Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Paul Halmefinancial managementbookkeeping

Bookkeeping