Hosted by Le'Keisha Mazur, the Overlooked Business Basics podcast explores the most overlooked aspects to starting a business. Are you looking to start your own business or side business? Then you've found the right podcast because you will learn about the most overlooked business, marketing and legal basics that every business owner should know. Listening to this podcast will give you the insights you need to be successful. Learn more at https://missionmatters.com/author/lekeisha-mazur/
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Business Basics will help the new entrepreneur stay up to date with today's economy & marketing trends. This podcast will help the new entrepreneur & aspiring business owners develop a comprehensive marketing strategy, brand identity, and gain insight into key elements in business plan development.
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Welcome to Business Basics where fundamental LIFE skills are at the heart of every episode. When you are in business, you want to make sure what you present is a visual representation of your business, its brand, and your standards. The show airs Wednesdays at 12 Noon and can be heard on multiple platforms to include Google, Spotify, and Apple Podcasts. #business #businessbasics #entrepreneurship #entrepreneurs #brandawareness #brandmanagement #internationalbusiness #businessinblack Support ...
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Business success is dependent on a solid financial foundation & success looks different to everyone & there is a lack of equity of access to resources and information for small business owners and independent contractors & there is a societal narrative making us believe “balance” is our ultimate goal & … There are so many “&”s that impact being your own boss. Let’s have some frank discussions on the basics of business with a holistic focus on everything that helps business owners define and ...
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SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Are you unsure of what to do with your business finances? Are you scared you might do something that causes the IRS to come after you? Do you lack confidence in knowing if what you’re doing is correct? Are you desperate for answers for all of your financial questions? In this podcast, you will find financial knowledge and systems to set you free from the mass confusion of small business finances. My mission is to help equip you to have a financially successful small business through financia ...
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153 \\ Thinking 3 Years Ahead: Building a Vision-Driven Team and Business Strateg
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In this episode, we dive into a key reason many businesses get stuck and what you can do to finally reach that next level. I’ll share a common mistake I made for years—thinking small and staying too focused on today’s problems instead of creating a vision for the future. We’ll talk about why a clear, big-picture vision is crucial and how it impacts…
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152 \\ Audit-Proof Your Business: 7 Practical Tips to Stay Stress-Free and Ready for the IRS
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In this episode, we tackle one of the biggest fears for business owners: an IRS audit! But don’t worry – it’s all about making sure you’re prepared so you can stay stress-free. We break down 7 simple steps that will help you audit-proof your business. From keeping clean records to knowing your rights, you’ll learn what to do now so that if an audit…
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151 \\ 10 Essential Tips to Master State Sales Tax and Avoid Costly Mistakes
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In this episode, we dive into the often confusing world of state sales tax. If you're unsure about when to charge sales tax, what the rules are, or how to stay compliant, we’ve got you covered! I’ll walk you through 10 key things every business owner needs to know about state sales taxes, from understanding nexus and registering for permits to fili…
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150 \\ The Hidden Tax Trap of Running a Business in Multiple States (And How to Escape)
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In this episode, we dive into a topic many small business owners overlook: tax implications when earning income in multiple states. I’ll break down five important things you need to know to make sure you’re paying the least amount of taxes possible—whether it’s income tax, payroll tax, or more. From understanding residency rules to getting tax cred…
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149 \\ Navigating the Messy Middle: Overcoming Stress in Growing Your Business
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In this episode, we dive into the challenges business owners face when growing from $1M to $3M in revenue. On the surface, everything might look great—your business is booming, you’ve got a team, and success seems to be within reach. But behind the scenes, it can feel overwhelming, with stress piling up and endless tasks on your plate. I share pers…
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148 \\ Election 2024: How Trump and Harris' Tax Plans Could Impact Your Business"
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In this episode, we dive into how the upcoming 2024 election could change your taxes, especially if you’re a small business owner. We break down the key tax proposals from both Donald Trump and Kamala Harris, looking at how their plans might impact your bottom line. From corporate tax cuts and increases to tax credits for startups and support for l…
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147 \\ Maximize Your Tax Savings: Proven Tips from a $67K Case Study"
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In this episode, I walk you through a real-life case study where I helped a couple save an incredible $67,581 in taxes! I break down the exact strategies we used, including some smart investment moves, business structuring tips, and ways to maximize deductions. Whether you're a business owner or just looking for ways to reduce your tax bill, this e…
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146 \\ The Countdown to 2024 Taxes: 7 Critical Steps for Maximum Tax Savings
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In this episode, we dive into 7 key steps you need to take before the year ends to get ready for your 2024 taxes. Whether you're running a business or handling personal finances, these tips will help you save money and avoid headaches when tax season rolls around. We cover everything from making sure your financials are up to date, to reviewing con…
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145 \\ S Corp Owners Beware: What You Need to Know About Taking Too Much Money From Your Business
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In this episode, we dive into a common issue for S corporation business owners: taking excess distributions from your business. If you've moved more money than you should from your business to your personal account, it can trigger a shareholder loan on your tax return, raising red flags with the IRS. I’ll walk you through simple steps to fix the is…
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144 \\ Protect Your Business: Essential Steps to Safeguard Financial Data
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In today’s fast-paced, online world, protecting your financial information is more important than ever—especially as a business owner. In this episode, we dive into simple yet powerful steps you can take to keep your money and data safe from hackers. From using two-factor authentication to creating strong passwords, I share my personal tips for sec…
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143 \\ Are You Sabotaging Your Own Business? The Power of Hiring a Coach You’re Ignoring
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In this episode, I share how hiring coaches has transformed both my business and personal life. Just like my golf game improved with the help of a coach, having the right business and personal advisors has helped me grow faster than I ever could alone. I talk about the huge benefits of working with multiple coaches, how they’ve helped me reduce str…
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142 \\ Why Most Small Businesses Are Failing at Finance (And You’re Probably One of Them
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In this episode, we break down 8 common financial mistakes that small business owners make and how to avoid them. From cash flow issues to not planning for taxes, these mistakes can slow your growth and create unnecessary stress. We’ll dive into practical tips to help you manage your business finances more effectively, spot areas where you’re losin…
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141 \\ Stop Overpaying Taxes! The Hidden Strategy to Pay Your Spouse Tax-Free
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Are you missing out on a huge tax-saving opportunity? In today’s episode, we dive into a little-known strategy that lets you get your medical expenses reimbursed tax-free through your business. This powerful method can save you thousands of dollars if done right! Learn how medical expense reimbursement plans work, what kinds of expenses qualify, an…
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140 \\ Avoid an IRS Nightmare: How to Protect Your Business from the Biggest Audit Risk
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In this episode, we're diving into the number one audit risk that many small business owners unknowingly make—and it’s a mistake I see all the time! If your business earns less than $500,000 a year (or even more!), you might be at risk for an IRS audit without even realizing it. We’ll discuss why mixing personal and business finances is a big no-no…
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139 \\ Significance vs. Success: The Surprising Mindset Shift That Changed My Business
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Are you the bottleneck in your own business? In this episode, we dive into the surprising thing that might be holding you back from growing your business. I’ll share a recent conversation with my business coach that opened my eyes to a personal need that was unknowingly keeping me stuck. We’ll talk about why it’s so hard to step away, even when you…
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138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes
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In this episode, we dive into one of the biggest tax changes in recent years—the Tax Cuts and Jobs Act of 2017—and what it means for your tax deductions today. With the Act set to sunset soon, there are still smart ways to maximize your tax benefits, especially if you’re a business owner dealing with the SALT deduction cap. We’ll break down a cleve…
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137 \\ Volume vs. Value: Lessons from My Dentist on Choosing the Right Tax Advisor
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Have you ever thought your dentist and tax preparer could have something in common? In this episode, I share a surprising realization I had during my recent dentist visit. We’ll dive into the big difference between quick, volume-based services and those that offer a personalized, advisor-level experience. I’ll walk you through my son’s speedy denta…
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136 \\ Stop Overpaying the IRS: Proven Tax Strategies Every Business Owner Needs to Know
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Are you a business owner who feels like you’re paying too much in taxes? You’re not alone! In this episode, we dive into why millions of business owners are overpaying the IRS every year—and what you can do to stop. We’ll discuss common mistakes like only talking to your CPA once a year, missing out on proactive tax planning, and getting outdated a…
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135 \\ The Hobby Trap: How to Prove Your Side Gig Is a Legit Business to the IRS
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Are you running a side business to escape your full-time job? The IRS has strict rules about what counts as a real business and what’s just a hobby—and getting it wrong can cost you big time! In this episode, we dive into the 9-point IRS test that decides whether your side gig is legit or just a fun pastime. You'll learn why it’s so important to pr…
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134 \\ The Secret Tax Credit Every Small Business Owner Needs to Know About
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Hiring new employees is a big step, but did you know it can also save you money on your taxes? In this episode, we dive into the Work Opportunity Tax Credit—a little-known but powerful federal program that rewards businesses for hiring employees from certain targeted groups, like veterans, long-term unemployed, and more. We’ll break down how this c…
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133 \\ Lease or Buy? The Ultimate Guide to Deciding on Business Equipment & Vehicles
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Deciding whether to lease or buy equipment or a vehicle for your business can be tricky, but it's a choice that can greatly impact your cash flow and taxes. In this episode, we break down the pros and cons of both leasing and buying, helping you make the best decision for your business. You'll learn about the tax benefits, upfront costs, and long-t…
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132 \\ Leverage Depreciation Like a Pro: Asset Acquisition and Tax Benefits Explained
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In this episode, we're diving deep into the world of depreciation and how it can help you save big on your taxes as a business owner. We’ll break down what depreciation is, the different types you should know about, and the smartest ways to use it to your advantage. Whether you're buying new equipment, considering Section 179, or exploring bonus de…
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131 \\ Is Your Business Overpaying in Taxes? How to Save Thousands Annually
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In this episode, I reveal a shocking statistic: Over 23 million small businesses are overpaying on their taxes simply because they're not structured properly. If you're a business owner, there's a good chance you're one of them! I break down the common mistakes that lead to these costly overpayments and show you how to fix them. From choosing the r…
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130 \\ Maximize Your Profit: 5 Essential Strategies for Analyzing Business Financials
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In this episode, we dive into the key components of analyzing your business profits to help you make more money and grow your success. We'll walk you through five important areas every business owner should focus on: understanding your revenue streams, breaking down costs, analyzing profit margins, calculating your break-even point, and evaluating …
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129 \\ 7 Smart Strategies to Slash Capital Gains Taxes
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In this episode, we dive into what to do when you’re faced with a big financial event, like selling a business or real estate, and want to reduce your taxes. These are unique situations that don’t happen often, so it’s easy to get overwhelmed. But don’t worry—I’ve got you covered! I’ll share 7 smart strategies to help you keep more of your money an…
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128 \\ Is Your CPA Costing You Thousands? 3 Signs You're Overpaying on Taxes
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In this episode, we dive into a crucial topic for business owners: how to know if your CPA is really helping you save on taxes. I’ll share three key signs that could indicate you're overpaying the IRS and not getting the most out of your tax strategy. We'll discuss how to spot if your CPA isn’t open to new ideas, why it’s a red flag if you only tal…
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127 \\ Mastering Cash Flow: The Ultimate Guide to Managing Your Small Business
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In this episode, we're diving deep into the world of cash flow management for small business owners. Cash is king, and it’s the lifeblood of your business. We'll explore why understanding your cash flow is crucial for growth and peace of mind. Whether you’re in the green or struggling with cash flow, this episode will help you gain control and slee…
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126 \\ Leveraging Business Credit for Growth: Strategies Every Entrepreneur Needs
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Struggling with cash flow can be one of the hardest parts of running a business. In this episode, we dive into the stress of managing money and the smart ways to handle it. Learn why having business credit can be a game-changer and how to use it wisely. I share my own story of starting a business, getting into debt, and climbing out of it. We’ll ta…
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125 \\ Mastering Business Finances: Why Proper Bookkeeping is Your Key to Growth
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Welcome to today’s episode! We’re diving into a super important topic for business owners: bookkeeping. If keeping track of your finances feels like a chore, don’t worry—we’ve got you covered. We’ll share five reasons why good bookkeeping is essential and break down the basics to keep your business on track. From separating business and personal fi…
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Do you have a cell phone? How much time do you spend on the apps you downloaded? How much money does your app make you? Join your hostess Le'Keisha Mazur as she talks about: P.U.S.H. Notifications DIscover why apps are so powerful as a lead generator. Find out how even if you don't have an app for you company, why you might want one. What is it abo…
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124 \\ Navigating Business Transitions: Lessons in Resilience and Hope
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In this episode, I share a big shift in my mindset that I've been working on for over a year and a half. It's been a tough journey, but I finally see the results of my hard work. I'll talk about how these changes have made my business and life better, even when things got really hard. You'll hear about a recent experience that tested my patience an…
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123 \\ Accounting Apocalypse: The Hidden Changes Threatening Your Business!
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In this episode, we uncover big changes in the accounting world that could affect your business. Discover why many CPAs are retiring and how the shortage of new accountants is causing problems. We talk about the rise of AI in accounting and how it might change your relationship with your CPA. Learn about the challenges of hiring skilled accountants…
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122 \\ 3 Toxic Traits of CPAs: Is Your Accountant Sabotaging Your Business?
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In this episode, we dive into a critical decision for any business owner: choosing the right person to handle your finances. From accountants to CFOs, the person you pick can make or break your business. We'll reveal three toxic traits you must watch out for in CPAs, so you don't get stuck with someone who's bad for your business. You'll learn why …
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121 \\ Debt Payoff Secrets: The Truth About Paying Off Loans
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In this episode, we're diving into the best ways for small business owners to pay off debt. We'll talk about which debts to tackle first, whether to use cash or get a new loan, and how to avoid common mistakes. We'll cover important tips like knowing your interest rates, loan balances, and minimum payments. Should you pay off small balances first o…
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Are you a business card collector for the wrong reasons? Has someone reached out to you years later after meeting you because of your business card? Sizzle Q3: Join your hostess Le'Keisha Mazur as she talks about: Past Due Networking Follow UP Discover how to connect with others past due. Learn the cadence of the follow up and why it makes sense wh…
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120 \\ How Your Mindset About Taxes is Crippling Your Business Potential
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Welcome to this episode where we dive deep into how your mindset about money and taxes could be holding your business back. We explore a common but subtle issue that many business owners face: the fear of higher taxes as income grows. You'll hear a real-life example of how this mindset can limit your success. Learn why paying more taxes isn't a bad…
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119 \\ How One Doctor Saved $117,000 in Taxes with One Simple Trick
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In this episode, I share an incredible case study of a client we helped save $117,000 in taxes for 2024! We found an error on his tax return that was costing him big time. By optimizing his deductions and correcting past mistakes, we turned things around. This client, a doctor with multiple businesses, had been overpaying taxes for years because no…
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118 \\ Hidden Tax Savings: How I Saved a Client $12,500 with a Simple Fix
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In this episode, we dive into a real-life story of how I helped a frustrated doctor save $12,500 on taxes. Tired of last-minute advice and high costs from his old CPA, this doctor came to me for help. We discovered that his partnership was set up all wrong, costing him lots in taxes. By making smart changes, like transitioning his partnership to an…
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117 \\ Unlocking Growth: Advanced Financial Insights Every Business Owner Needs
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Are your business finances holding you back? In this episode, we explore why basic bookkeeping and accounting aren't enough when you're ready to grow. Learn the importance of understanding your profit and loss, balance sheets, and cash flow reports. We'll discuss creating and revising budgets, tracking key performance indicators, and comparing your…
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What are business cards? Do you have business cards for yourself or business? What do you look for when you accept a business card? Join your hostess Le'Keisha Mazur as she talks about: Business card Basics This a fun case study of all things business cards that she has encounterd over the years of collecting business cards and events and trainings…
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116 \\ From Tears to Triumph: How Personal Growth Can Transform Your Business
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Being a business owner is tough and requires a lot of strength. In this episode, we dive deep into the challenges and rewards of entrepreneurship. I share my personal journey, including the struggles I faced and how I overcame them. You'll learn about the importance of having cheerleaders in your life and the incredible impact of personal growth on…
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115 \\ Are You Throwing Away Money on Taxes? Here's How to Stop!
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In this episode, we break down how saving money on taxes doesn't have to be super hard. I'll share simple tips and tricks to help you keep more of your hard-earned cash. I'll tell a personal story about how I helped my dad save over $45,000 on his taxes. You'll learn about the importance of choosing the right business structure, optimizing your wag…
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114 \\ Avoid Tax Season Stress: Organize Your Business Finances for 2024
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In this episode, we dive into how to get your business ready for tax season. Even though it's still 2024, it's never too early to start preparing. We cover seven key steps to make next year's taxes a breeze. Learn how to keep your financial records organized, track income and expenses, understand tax deductions, and estimate quarterly taxes. We als…
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113 \\ Boost Your Business: The Importance of Regular Financial Check-Ins
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In this episode, we dive into why it's so important to regularly check in on your business finances. Many small business owners get caught up in the daily grind and forget to look at their numbers. We explain how regular financial reviews can help you spot trends, manage cash flow, and even catch mistakes or fraud. You'll learn why staying on top o…
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What does packaging have to do with branding? How does the look of a package envoke excitement? What is Good, Better, Best for service packaging? Join your hostess Le'Keisha Mazur as she talks about: A package deal. Discover the three types of packaging needed to make your business branding quality and appealing to the masses. Learn the aspects of …
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112 \\ Is Your Business Legitimate? Understanding Legitimacy and Tax Deductions
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In this episode, we tackle a common question: Is your business legitimate? I answer a listener's question about business legitimacy and tax deductions, breaking down how to know if your business qualifies as legitimate. We discuss active vs. passive income, the importance of keeping good records, and how to prove you’re running a real business. Whe…
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111 \\ Turning Capital Losses into Gains: Creative Strategies for Financial Recovery
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In this episode, we dive into the story of a client who faced a huge financial loss after his business failed. With over a million dollars lost, he felt defeated. But there's hope! We'll explore practical steps to recover from big losses, like investing in real estate and taking advantage of tax strategies. You'll learn how to turn a bad situation …
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110 \\ Paying Yourself: Mastering W2 Salaries and Equity Distributions for Business Owners
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In this episode, we dive into a big question many business owners have: How much should you pay yourself? We'll break down the rules from the IRS on wages and equity distributions for S corporations. You'll learn what "reasonable compensation" means and how to figure out the right amount for your salary. Plus, we'll discuss how to take extra cash o…
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109 \\ The IRS Wants Their Money: Navigating Missed Estimated Tax Payments
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In this episode, we dive into what happens if you miss an estimated tax payment. We explain if there are penalties, interest, or other consequences. We also share tips on how to get back on track if you miss a payment or didn’t know you needed to pay estimated taxes. We’ll help you understand why the IRS wants their money and how to avoid extra fee…
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What is a summit? Why should you want to be a part of a summit? How much earning potential does a summit have when marketing? Join your hostess Le'Keisha Mazur as she talks about: Summit Marketing Part 2 Get the second half to incite Summit Marketing as a speaker and what it means to be apart of one to grow your email list. Tips, tricks, and warnin…
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