On today episode of the podcast, I wrap up my Digital Nomad Tax Series with Part III, which covers the Foreign Tax Credit, banking, the Foreign Account Tax Compliance Act (FATCA), and the Foreign Bank and Financial Accounts report (FBARs).  

Disclaimer: I am not your attorney. The rules outlined below apply differently to everyone based on each individuals’ facts and circumstances. This is not legal advice.

For more information on the Foreign Tax Credit, click here. To read more about banking, FATCA, and FBARs, click here. 

This podcast series is based on my five part Digital Nomad blog series, which you can read starting here. 

On today's bonus episode of the podcast, I continue my Digital Nomad Tax Series with Part II, which covers the Foreign Housing Exclusion and issues regarding state tax residency. 

Disclaimer: I am not your attorney. The rules outlined below apply differently to everyone based on each individuals’ facts and circumstances. This is not legal advice.

This podcast series is based on a five part blog series you can read here. 

For more information on the Foreign Housing Exclusion click here.  To read more about state tax residency, click here.

On today's episode of the podcast, I kick off my three part Digital Nomad Tax Series. Part I dives into the foreign earned income exclusion. 

When I started my business, I started writing a book and considered moving into the digital nomad tax space. Overtime I decided that was not the direction I wanted to move in to and leaned into the creative entrepreneur space instead. Throughout the last few years though I have spoken to digital nomad groups and have experience with it. 

I turned the book I started into a five part blog series you can read here. 

Disclaimer: I am not your attorney. The rules outlined below apply differently to everyone based on each individuals’ facts and circumstances. This is not legal advice.

This episode is for U.S. citizens living and working abroad. For tax purposes, under most rules, Green Card holders are treated as U.S. citizens, so this guide should prove useful for these individuals as well.

It's important...

On today's episode of the podcast I speak with Denise Duffield-Thomas about becoming a chillpreneur. 

To hear Denise's previous episode of my podcast, click here for episode 65 "Money Blocks."

Being a chillpreneur does not mean working beachside from a hammock. It's about creating a business that works for your and your personality. When you start a business, a lot of learning who you like to work with or what your boundaries are comes from trial and error. A chillpreneur business is one that is in line with your strengths, fits your lifestyle goals, fits your income goals and is personal to you. Creating an optimism that there is space for you is a tenet of the chillpreneur philosophy. Know thyself and prosper. 

Denise's third book titled Chill and Prosper comes out on July 19, 2022. It gives a fresh and funny roadmap to living a life of abundance without burnout. To pre-order the book and get access to Denise's free affirmations for business owners, click...

On today's episode of the podcast, I explain how my S Corp ended up costing me more in tax last year. 

To check out my podcast set-up or watch a video version of my podcast, check out my YouTube channel. 

Long story short, I should not have formed my S Corp last year because I didn't end up making as much money as I thought I was going to. Unfortunately, we can't always predict these things. 

I talk to a lot of business owners who have accountants that get them set up with an S Corp from day one. This is usually a bad idea, unless you're bringing a whole book of business with you from elsewhere and are starting your business at six figures. 

To exemplify this, I will use my own numbers, especially since 2021's revenue was less than I anticipated. I was about $50,000 under the minimum revenue I projected when I started my S Corp and I was $100,000 under my goal. I ended u making about $95,000 last year, and $140,000 the year before. I...

On today’s episode of the Unf*ck Your Biz with Braden podcast I share my May profit report, breaking down my revenue, expenses, and if I hit my monthly goals. If you haven't already, check out episode 225 where I give April's profit report and share my May goals.

My goal for the year was to hit $15,000 a month in revenue. I hit that goal in January and have not hit it since. Doing these profit reports not only, hopefully, provide you insight into the profit of a fellow business owner, they also help me review my own profit and also get me a better understanding of my baseline revenue. To me, baseline revenue is the number we can hit by doing whatever it is we do consistently every week. I encourage every business owner to learn and track their baseline number. For me, these consistent tasks are putting out a podcast episode each week, sending out a weekly email, posting a social post for the podcast, a mild average amount of Facebook interaction, one speaking...