Starting a business requires effective tax management. Learn the top three essentials to ensure your new venture remains compliant.

Launching a new company involves specific financial obligations that can impact your bottom line. This video outlines the primary tax considerations for starting a business, providing a clear roadmap for new entrepreneurs who need to organize their financial structure from the outset.

Proper planning helps you navigate federal and state requirements while managing your small business taxes. We break down the core concepts you need to understand to maintain proper records and minimize potential liabilities. Whether you are in the early stages of planning or have just opened your doors, these fundamental business tax tips will help you establish a solid foundation for growth.

Ready to take the next step with your tax planning?
Visit www.2026.tax to learn more.

#taxes #business #entrepeneur #irs

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Chris Picciurro, CPA, MBA, PFS, ARA, is the founder of Teaching Tax Flow and author of Defeating Taxes. With over 20 years of running a successful private tax and accounting practice, he helps business owners, real estate investors, and individuals understand proactive tax planning strategies to legally and ethically reduce their lifetime tax burden.

Connect with Chris:
www.chrispicciurro.com
www.linkedin.com/in/picciurro

• (00:00) - Top Tax Considerations for Starting a Business
• (06:28) - The Importance of Separating Personal and Business Finances
• (10:04) - Simplifying Property Purchases with Parker Barofsky's Expertise
• (11:02) - Essential Tax Tips for New Business Owners
• (15:19) - Tax Planning Tips for Aspiring Entrepreneurs

Making money as an influencer or content creator? Brand deals, gifted products, and business expenses can raise tax questions that are easy to overlook.

In this episode of the Teaching Tax Flow Podcast, host John Tripolsky welcomes CPA Marit Burmood to break down tax planning and accounting considerations for influencers. They discuss how creators can better understand their finances, prepare for tax obligations, and avoid common mistakes as their businesses grow.

In this episode:
• Tax considerations for influencers and content creators
• Questions to ask about brand deals and products received
• Understanding business deductions and common tax pitfalls
• Why accurate bookkeeping matters beyond tax deadlines
• When to seek guidance from a CPA or tax advisor

Whether you’re building a creator business or advising clients in the influencer economy, this conversation offers practical ways to approach taxes with more confidence.

Ready to take the next step with your tax planning?
Visit https://www.2026.tax to learn more.

Have a question about influencer taxes? Leave it in the comments, and subscribe to Teaching Tax Flow for more practical tax planning conversations.

This episode is for educational purposes. Consult a qualified tax professional about your specific circumstances.

#InfluencerTaxes #ContentCreators #TaxPlanning #TeachingTaxFlow

www.MaritBurmoodCPA.com
www.DefeatingTaxes.com

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• (00:01) - Tax Strategies and Challenges for Influencers
• (06:08) - Advisory Services for Influencers in the Tax Industry
• (11:18) - Understanding S Corp Compliance and Tax Strategies
• (13:19) - Influencer's Tax Deductions Uncovered and Wealth Growth Achieved
• (15:34) - Complex Tax Challenges for Athletes and Influencers
• (17:49) - Tax Implications of Receiving and Selling Promotional Products
• (19:39) - The Importance of Ongoing Client Engagement for Tax Professionals

What’s the difference between a tax credit and a tax deduction, and why doesn’t a tax write-off make your purchase free?

The guys break down the confusion around credits, deductions, and the actual value of a tax benefit. From business expenses to medical deductions, this episode explains why qualifying for a tax break doesn’t always mean getting the savings you expected.

In this episode:
• Tax credits vs. deductions: how they affect your tax calculation
• A $100 deduction example using a hypothetical 25% marginal tax rate
• Why deductible business expenses still cost you money
• Refundable vs. nonrefundable tax credits
• How deduction limits and itemizing affect your potential savings
• Lessons from past electric vehicle and home improvement credit claims
• Why you should talk to your tax professional before a major purchase

#TaxCredits #TaxDeductions #TeachingTaxFlow

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The IRS is getting smarter with AI. What does that mean for your taxes?

In this episode, John Tripolsky and tax expert Chris Picciurro, CPA, break down how the IRS uses artificial intelligence to flag income mismatches, select large partnerships for audits, and detect potential fraud. Discover how AI is changing tax enforcement and what taxpayers and business owners should know.

Defeating Taxes: https://defeatingtaxes.com

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• (00:00) - IRS Uses AI to Audit Large Partnerships
• (05:00) - IRS Uses AI to Detect Anomalies in Corporate Tax Returns
• (08:58) - Leveraging Technology for Efficient Tax and Estate Planning
• (10:32) - IRS Leverages AI for Fraud Detection and Improved Taxpayer Service
• (16:29) - Engage With Teaching Tax Flow for Tax Advice and Community

In this episode of the podcast, co-hosts John Tripolsky and Chris Picciurro welcome Julie Merrill, CPA, to delve deep into the intricacies of employee stock options and the 83B election. This episode seeks to demystify the process of managing equity compensation with a focus on tax implications. Julie, an authority on the subject, shares her seasoned insights into how recipients of stock options should navigate this often confusing territory.

Throughout the conversation, Julie explains the various types of equity compensation, including stock options, restricted stock units (RSUs), and employee stock purchase plans (ESPPs), providing valuable insights on when and how taxation occurs. The dialogue places special emphasis on the 83B election, a choice many employees face upon receiving stock options, especially in the startup ecosystem. With her humorous anecdotes and practical advice, Julie provides clarity on the critical timelines and tax considerations involved, ensuring that listeners walk away with a solid understanding of how to effectively manage their equity compensation and tax liability.

83(b) Election Guide
https://www.83bguide.com

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• (00:00) - Understanding Employee Stock Options and the 83B Election
• (03:22) - Understanding Equity Compensation and the 83B Election
• (05:16) - Understanding Tax Implications of Equity Compensation and 83B Election
• (09:28) - Understanding Stock Options, Vesting, and Early Exercise
• (10:25) - Understanding 83B Elections in Stock Options and Equity
• (13:40) - The Critical Timeline for Filing an 83B Election
• (16:20) - Mortgage Solutions and Equity Compensation Guidance
• (17:44) - Understanding IRS Forms and Stock Option Tax Implications

In this episode of the Teaching Tax Flow podcast, co-hosts John and Chris dive into the crucial topic of year-end tax planning. As they note, with only 86 days left in 2026, taxpayers have limited time to optimize tax strategies. The episode emphasizes the importance of viewing tax management as a continuous, proactive process rather than a reactive one limited to the tax season. Strategic Associates sponsors this episode, reflecting a commitment to providing listeners with invaluable, actionable insights into efficient tax planning methods.

The hosts stress the significance of assessing past tax returns as a starting point for creating effective future strategies. Chris highlights that comprehending behavioral and capital-driven aspects of tax strategies can lead to legally and ethically reducing tax liabilities over a lifetime. He underscores the necessity of implementing informed action plans, suggesting that even self-employed individuals and those with complex financial situations can benefit immensely from regular tax projections. The episode underscores that tax planning is not just about immediate deductions but involves setting clear, strategic goals that can yield long-term benefits.

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• (00:00) - Fourth Quarter Tax Planning Strategies for 2026
• (02:09) - Using Tax Returns as a Financial Progress Report
• (05:19) - Strategic Tax Planning for Employees and Business Owners
• (07:49) - Effective Tax Planning Strategies and Stress Reduction Techniques
• (14:27) - Navigating Backdoor Roth IRA Contributions and Tax Implications
• (15:18) - The Importance of Early Tax Planning for Self-Employed Individuals
• (16:46) - Explore Tax Topics with Teaching Tax Flow Resources

In this episode of the Teaching Tax Flow podcast, the guys delve into the complexities of IRS tax obligations that you might unexpectedly face. As they approach the Halloween season, a fitting time for conversations about potentially scary tax situations, Chris and John aim to shed light on four types of income and transactions that, although not usually taxed, can create significant issues if not properly reported. This episode promises educational value for everyday taxpayers.

At the center of the discussion is the critical distinction between reportable and taxable income. Chris Picciurro clarifies this distinction, drawing on examples such as the sale of a primary residence, gifts from family members, inherited stock sales, and digital asset exchanges. The hosts emphasize the importance of understanding how the IRS operates with information received through forms like 1099s and stress the consequences of failing to report even non-taxable income, which could lead to unexpected IRS notices. Through engaging conversations and real-life anecdotes, Chris and John not only highlight typical pitfalls but also offer practical steps to ensure compliance with tax laws.

Defeating Taxes: https://defeatingtaxes.com

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• (00:00) - Understanding Reportable Versus Taxable Income to Avoid IRS Issues
• (03:23) - Understanding IRS Assumptions on Primary Residence Sales
• (05:47) - Gift Tax Exclusions and Reporting Requirements Explained
• (09:40) - Understanding Stepped-Up Cost Basis and Tax Implications
• (11:20) - Exploring Tax and Insurance Planning with Expert Insights
• (13:07) - Tax Implications of Digital Asset Exchanges and New IRS Forms
• (16:34) - Exploring Tax Topics and Resources for Financial Education

This episode breaks down the latest IRS data to show exactly which states are seeing the largest influx of residents and which are experiencing the most significant exodus. We look at the numbers behind the movement to help you understand the broader financial implications of these patterns.

Texas, Florida, North Carolina, South Carolina, and Tennessee currently lead the list for growth. Conversely, California, New York, Illinois, New Jersey, and Massachusetts are seeing the most substantial population loss. By analyzing these US population shifts, we can better anticipate state tax trends that often follow such demographic changes.

Tax Foundation: https://taxfoundation.org/data/all/state/state-migration-trends-map-americans-moving-population-changes/

Defeating Taxes: https://defeatingtaxes.com

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STUDIO SPONSOR
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• (00:00) - IRS Reveals Top States for Population Migration and Tax Impact
• (01:52) - State Income Tax and Population Migration Trends
• (08:06) - Factors Influencing Relocation Decisions and Tax Planning
• (10:27) - High Tax States and Migration Trends in the US
• (17:16) - Tax Planning and State Relocation Considerations