On this episode of the podcast my guest, Amy Monroe, answers small business owners' sales and use tax questions.

This episode is brought to you by my FREE Tax Challenge. Taxes suck but we all have to file them. I'll walk you through the 5 steps you need to get your tax documents organized and ready to file. Sign up for this free challenge.

1. How to calculate sales and use tax for something that has a service and product component to it. - submitted by Reena Borwankar

For the answer to this, and other sales tax questions, check out Amy on episode 21 of the podcast.

2. What if you have your sales tax ID but have not made any sales? Do you truly submit $0? - submitted by Jamie

Yes, it’s called a zero return. You may get asked to file if a lot of time goes by and you have not filed anything. If you do get one of these letters you will need to file the past returns. Some states will charge you late fees for not filing. If you are filing those zero returns...

On this episode of the podcast my guest, Amy Monroe, talks about use tax and the difference between income tax and sales tax.

This episode is brought to you by my FREE Tax Challenge. Taxes suck but we all have to file them. I'll walk you through the 5 steps you need to get your tax documents organized and ready to file. Sign up for this free challenge.

Income taxes impact a business's bottom line. These are what income tax brackets are based off.

Sales tax is subject to sales of physical goods and products. Learn more about the exceptions to this on episode 21 of the podcast.

Use tax is sometimes referred to as the other side of the same coin as sales tax. You can look at use tax from the point of view of a consumer and the point of view of a business owner.

If you bought something from an online retailer that didn't collect sales tax from you, technically at the end of the year you would self-report the use tax (the sales tax that should have been collected) because you are...

On this episode I'm bringing an official end to The Money Series by recapping the financial information and resources my guests and I have shared over the last couple months.

Today on the podcast we’re bringing an official end to The Money Series. If you’re new to the podcast, my guests and I have been sharing information and resources for the last couple of months about money – everything from increasing sales to bookkeeping to taxes. These topics can seem like a total drag, but they’re critical to our business success and I only have fun friends who can make something as stressful as back taxes sound exciting!

I’m rounding-up 10 of the top tips my guests and I shared over the last couple of months and giving you the next step to take after The Money Series – Unfuck Your Finance, available this week only.

To listen to the full episode of the money tips shared on today's episode, check out the following

1. Episode 123...

On this episode I chat with Brenda Cadman, Gabby Pinkerton and Henry Chen, educators in the Profitable Pro Bundle, about the upcoming Profitable Pro bundle and how it can help your business.

Where do you need the most help in your business? Today I chat with 3 of the 30 educators sharing their educational content in the Profitable Pro Bundle on what they offer and tips to help you identify what areas of your business you need improvement and guidance.

Click here to get added to the waitlist and be the first to know when the bundle launches.

By focusing on one course or workshop at a time you will see stronger results implementing one skill at a time. This Profitable Pro features tons of new, exclusive content that's never before been launched.

A few tips our pros shares on the episode and will expand on during their courses in the bundle are: content strategy and how it relates to your Pinterest and driving traffic, branding and fonts (script fonts do...

On this episode I chat with Renee Dalo, wedding planner and educator, about the upcoming Profitable Pro bundle and how it can help your business.

Renee is no stranger to the Unf*ck Your Biz podcast. You may remember when she joined me last August on the podcast to chat about the Profitable Planner bundle filled with courses and resources for wedding planners. The bundle is back, this time with even more resources for creatives beyond the wedding industry!

Click here to get added to the waitlist and be the first to know when the bundle launches: https://renee-dalo.mykajabi.com/a/43878/uN8Tp9MH

The bundle includes 30 educators with new, amazing resources to help creative entrepreneurs conquer many universal topics including Facebook ads, workflows, Canva, Tailwind, and more business management concepts.

On sale only from March 1st to March 5th the bundle is just $99 and will include my Unf*ck Your Finance course. After March 5th this course will only be...

Description - On this episode I chat with Crystal Whiteaker, founder of Crystal Lily Creative, about core values and inclusion in your business.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

Crystal is a wedding photographer with a diverse portfolio who uses her experience to help businesses identify their core values and become more inclusive. It's a time to have uncomfortable conversations and admit uncomfortable things about you and your business which will lead to growth.

Core Values Challenge

1. Narrow down your core business values. 3 - 5 is a good range because you can share what's most important to your business in 3 - 5 words and then do offshoots from there. If you're struggling, Crystal includes a list of examples in her Core Values training.

2. Define what those values mean for you...

On this episode of the podcast I ask Theresa Speights, tax attorney and manager of resolutions at Community Tax LLC in Chicago, about what you should look for when hiring a tax preparer.

If you missed Theresa on previous episodes, check out Episode 137 "How to Handle a Letter from the IRS" and 138 "Back Taxes 101 and How to Get Caught Up"

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

What to look for in a tax preparer:

1. Never hire anyone who says they're going to be able to get you a huge refund. Eventually you will get audited and you will owe a lot of money.

2. Just because they are on the IRS website as someone you can go to doesn't mean they are good at their job. Ask anyone who refers you about their experience.

3. If you have simple taxes, like a W2, you will be fine at...

On this episode I chat with Theresa Speights, tax attorney and manager of resolutions at Community Tax LLC in Chicago, about back taxes and how to get caught up if you have them.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

Tax controversy is when you owe the IRS money for various reasons - 401k you took out, rough years in business, etc. It ranges from individuals to big businesses. If you have tax liabilities or owe money to the state or federal government, someone who works in tax controversy can help you work through the debt.

When it comes to microbusinesses, the most common tax problem Theresa sees is usually poor bookkeeping and comingling of business and personal expenses. When you comingle, the IRS views all the money in your personal bank account as business income, even...

On this episode I chat with Theresa Speights, manager of resolutions at Community Tax LLC in Chicago, about what to do it you get a letter from the IRS.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

Today's question is, "I got a CP2000 letter from the IRS. what does it mean? What do I do with it? Should I hire someone to help me or just call?"

Theresa does tax controversy work, making her the person to call if you owe money to the Internal Revenue Service to work through it and get your debts paid. 

If you get a CP2000 letter, the last thing you want to do is call the IRS, they will not be able to help you. Instead, look at page page 3 of the letter to see why they are saying you owe more tax. Once you see you want to verify that you did make that much income. If you did,...

On this episode, I chat with Sarah Hawkey, founder of toRISEtogether and creator of The Money Studio, about how she tackled all her debt in three years. Sarah also shares her best tips to get started with budgeting and debt management.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. [Sign up for this free Masterclass here, and get ready to unf*ck your biz](https://www.bradendrake.com/masterclass).

On this episode, I chat with my guest, Sarah Hawkey, founder of toRISEtogether and creator of The Money Studio, about balancing debt payments with saving for an emergency fund and and saving for retirement.

toRISEtogether is a collection of creative freelancers getting their money shit together as a community so they can focus on being creative. The Money Studio is to help creatives do the work to create the life they dream and remove worries about money.

...