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 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 April profit report and break down my revenue, expenses, and if I hit my monthly goals. If you’re new to the podcast, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

My goal for this year is to have $15,000 months, and my goal for April was to have an $18,000 month. So far, I only hit $15,000 in January, and $9,000 months seems to be my baseline each month that I can hit by doing what I do every week.

Each week I release and promote one podcast episode, I post in my Facebook group a few times a week, post to Instagram stories daily and on the feed 1-3 times a week, and average about one guest speaking assignment a week. From there, to increase revenue I can send an additional promotional email, offer a flash promotion, pay my contractors to do more work on my behalf, or offer 1:1 services.

On around the 20th of each month is when I run an...

On today’s episode of the podcast I chat with Joey Vitale, trademark lawyer and owner of Indie Law.

Copyrights vs trademarks

Copyrights protect your content, trademarks protect your brand. For example, when you walk down the cereal aisle of your business, the trademarks are the packaging (things like business name, logo, slogan, title of your podcast, etc.) and the stuff inside the cereal box (the content you’re taking, the posts on your website, etc.) and that’s where the copyrights come in. 

Trademarks are not to protect you, they’re to protect consumers. For example, imagine there was no rule and any tech company could call themselves Apple, consumers wouldn’t know who they could trust.

The sign of a trademark, lawyers refer to it as source identification, when a name or phrase is mentioned and people can automatically identify the source behind that. For example, Disney having the trademark behind Hakuna Matata. 

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On today's episode of the Unf*ck Your Biz podcast I review my March profit report and discuss my plans for Q2. If you’re new to the podcast, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

I don't think enough business owners share their numbers and if I'm teaching you how to be more profitable in your business, I think it's important to share more about mine. I'm starting to call it the client to piggy bank pipeline - how to get more of the money you're getting from your clients into your personal bank account while saving for taxes, covering expenses, and legally protecting the money that you're making from lawsuits or fines. Every business looks different, so consider my profit report just an example.

My goal for year is to have $15,000 months, so a $45,000 Q1. I slightly exceeded my goal in January with $16,000. February was a bit of a down month with $9,000. I did a lot of promotion in January. In February a lot of the...

On today's episode of the podcast I continue the Hiring Series with a case study focusing on my own latest hiring process.

The doors are open to the Profit Rx Content-Only membership. For just $30/month you can get access to all my tax and legal resources on demand. Get your access here.

Last year I did Part 1 of the Hiring Series (start with the first episode of Part 1 here) and now I am continuing my Hiring Series Part 2. If you missed the start of Part 2 last week, go back and check out Contractor Laws State-By-State. Today I am diving into Module 7, Lesson 5 of Profit Rx with info on Contractor Onboarding and my own personal experience with hiring my latest contractor.

Recently I was following a discussion on Facebook of an interior designer who hired a photographer for photos of their designs. The photographer asked why the designer wanted to send her a 1099, and the majority of photographers in the comments said no, she shouldn't get one because...

On today’s episode of the podcast, I discuss state-by-state independent contractor laws. 

This week I announced the launch of my new offer. I’ve restructured my signature program, Profit Rx, so you can join the membership for just $30/month and get access to basically everything I’ve ever created about taxes, profit, business entities, legal protection, contracts, and more. Get access to all of these templates, resources, and trainings for just $30/month before the price goes up next week. 

Wedding pros, this week only you can get access to Renee Dalo’s Profitable Pro Bundle, which includes 2 free months of my Profit Rx membership along with 19 other incredible resources for wedding professionals to make your business even more profitable, for just $97. Access to this bundle ends tomorrow so get yours today. 

This is not an A to Z guide to hiring, that would be a law school-sized text book. I am focusing on areas of...

On today's episode of the Unf*ck Your Biz podcast I discuss everyone’s favorite topic - sales tax. 

Coming up on March 14th at 9am PST I am hosting an Open House. I'm calling it the anti-webinar and if you've been curious about how to get access to all my resources or work with me, I'm going to be sharing a new offer in order for you to have me as your tax and legal friend on demand (and this offer will include access to information on sales tax). Unlike 1:1 legal services, you'll have all the tools and resources you need at your fingertips at an extremely accessible price point. Click here to register for the Open House. 

The tricky thing about sales tax is that it varies state to state and it can feel like a total mystery to everyone. We know we pay sales tax when we buy stuff at the store, but how does it apply in the context of our business? 

Sales tax has nothing to do with income taxes. Read that again. Sales tax is a...