CPA Huddle: Recent Episodes
Eric Pierre & Ignatius Jackson
Do you manage your personal finances or a business, or hope to one day? Then you need to add CPA Huddle to your podcast rotation.
CPA Huddle is a fun, fast-paced podcast that simplifies accounting and tax trends. Eric Pierre and Ignatius Jackson are experienced, highly respected CPAs with a knack for unpacking a myriad of complex money topics that impact your financial bottom line.
With their smart, easy style, the ‘Huddle Guys’ translate tax and accounting ‘hot topics’ into language that we can all understand. This podcast is for everyone!
It's time to huddle up!
After long last, women’s sports are on fire!!! The popularity of women’s sports is at an all-time high, with women’s collegiate and professional basketball leading the charge. Even with all of the excitement and positivity, there is still controversy. Listen as Eric & Drew mix it up and join the larger conversation about the WNBA. Their conversation will provide a broader perspective the league overall, and not just the hype and perceived impact of new, rookie players. They are thankful for the love that the league is receiving, but they also keep it real as it relates to current misconceptions.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
The NBA most prestious award is up for grabs between the Dallas Mavericks and Boston Celtics. Young Superstars collide as Luka Doncic & Kyrie Irving lock horns against Jayson Taytum & Jaylen Brown! Who you Got?
Drew and Eric make their predictions!
The play-by-play calling of a sporting event really shapes the fans’ experience of any given game or match. In this episode, Eric & Drew mix it up Todd Harris and discuss his amazing career as a Sports Announcer. Last year, Todd was announced as the new lead announcer for the recently rebooted British Basketball League and their game of the week on Sky Sports in the UK. Previously, Todd was an announcer and reporter for NBC Sports and NBCSN, focused on the Olympic and extreme sports. His sports media career began with ESPN covering college football, the X Games, and IndyCar, which included the role of lap-by-lap announcer for ABC's coverage of the 2005 Indianapolis 500. Todd gained notoriety as the 15-year host of ESPN's coverage of the World's Strongest Man, hosting alongside 4x champion Bill Kazmeier. NBC Sports also used Todd for their coverage of Shaun White's Gold medal final run in Pyeongchang, South Korea at the 2018 Olympic Winter Games and as host for the Tour de France and the network's coverage of the annual IronMan event in Kailua Kona, Hawaii.
The landscape for college sports in changing at a pace unlike anything previously experience. The NCAA's national office may have to pay out more than $2.7 billion in the landmark settlement related to the House v. NCAA antitrust lawsuit. In order to better under the impact on the college sports industry, Eric & Drew mix it up again with Darren Heitner, sports lawyer who also has passion for law, teaching, and politics. Listen as they explore this topic in depth. The guys also welcome your insights. Connect with Eric and Drew across social media platforms and share your thoughts about all things related to the NCAA.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Get ready for this story to touch you! San Diego Shark pro Joshua Harrison shares his story of losing his dad.
The person who was his inspiration and introduced him to the game of basketball didn't get the opportunity to see Joshua follow his dream. His positive attitude and outlook has allowed him to continue pushing forward in order to live our his dream!
Daisone Hughes shares his journey from Inglewood, California to the adversity he faced during his high school recruitment process. He turned a negative into a positive and now suits up for the San Diego Sharks.
In this episode Eric & Drew talk with Amber Strauser, Choreographer for the San Diego Sharks. Amber is a former Dallas Cowboys Cheerleader who is now a performer, fitness trainer, and clock & bracelet creator. Amber talks about the inspirations of her varied career, along with some of the challenges in the tough industries that she experienced. Amber is truly a modern-day Renaissance Woman!
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Women's Basketball had a record breaking year in viewership. The Final Four matchup between Iowa & UCONN garnered 14.2 Million Views and 18.7 Million between Iowa & South Carolina.
The Common Denominator Caitlin Clark!
In this episode Eric & Drew mix things about by welcoming author and relationship expert Dr. Robert Glover. Dr. Glover is a coach, speaker, and educator with over 40 years of professional experience as a relationship expert. He is the author of the groundbreaking, No More Mr. Nice Guy, the best-selling Dating Essentials for Men, and the recently released, Dating Essentials for Men: Frequently Asked Questions, Dr. Glover has helped thousands of men world-wide transform their lives and get what they want in their relationships and career. It’s never a dull moment with the Sports Gumbo guys!
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
March is Women’s History Month, and March 8th is International Women’s Day, a time to shout out the contributions of women is all aspects of business and sports. The guys welcome Ana Klein, CPA. Ana discusses her career journey and how it was impacted by the lack of female representation and the lack of gender equity. #InspireInclusion
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Sports Gumbo is the podcast hosted by Eric Pierre, CPA,…tax expert, business leader, former professional athlete, philanthropist, and sports enthusiast. Join Eric, along with Drew Lasker and a myriad of guests, as they explore a rich roux of topics comprised of the intersectionality of sports, business, and current events.
Check it out as Eric and Drew talk with Nick Fleming, a Point Guard for the San Diego Sharks. Nick reflects on growing up in Atlanta with three older siblings. Nick’s path to the Sharks was not without its challenges. Nick did not receive any college offers when he left high school, but worked his way through the junior college ranks, eventually earning a full scholarship to a Division 1 school. Talk about tenacity!
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Sports Gumbo is the podcast hosted by Eric Pierre, CPA,…tax expert, business leader, former professional athlete, philanthropist, and sports enthusiast. Join Eric, along with Drew Lasker and a myriad of guests, as they explore a rich roux of topics comprised of the intersectionality of sports, business, and current events.
Many die-hard NBA fans often debate who is the greatest of all time. Michael Jordan, Kobe Bryant, and LeBron James are names that often surface in that conversation. Check it out as Eric and Drew reflect on LeBron’s legacy as he surpasses 40K points in his career.
Eric also reminds us of upcoming tax deadlines and informs that the new 1099-K reporting threshold for payment app has been delayed. There is never a dull moment in the world of taxes!
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your
In this episode, Eric and Drew welcome Aaron Felix from the San Diego Sharks. Aaron talks with the guys about his journey from the inner city, to playing college basketball, to playing professionally overseas in Germany and Kazakathan. Aaron And still living out his hoops dreams in the TBL League. His story will inspire you.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Eric dissects some key business lessons as he reflects on his first game as minority owner of the San Diego Sharks, professional basketball team, He breaks down the $52 million Usher has earned from the exposure garnered from his free Super Bowl half time show.
We hope all Sports Gumbo listeners will take an action to honor and recognize Black History Month this year.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Sports Gumbo is the podcast hosted by Eric Pierre, CPA,…tax expert, business leader, former professional athlete, philanthropist, and sports enthusiast. Join Eric, along with Drew Lasker and a myriad of guests, as they explore a rich roux of topics comprised of the intersectionality of sports, business, and current events.
In this episode, Eric and Drew chop it up on their Super Bowl LVIII predictions. This is the first time the ‘big game’ will be played in Las Vegas, and the odds are that all aspects of this event will be exciting…. from the team match up, to the half-time show, to the commercials. In a pivot to business, Eric explains the differences between S Corporations and C Corporations. And while the NFL football season is coming to an end, tax season is just beginning. Don’t go it alone. Consider hiring a tax specialist. Eric and his firm can help you.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
In this episode, Eric and Drew chop it up on their Super Bowl LVIII predictions. This is the first time the ‘big game’ will be played in Las Vegas, and the odds are that all aspects of this event will be exciting…. from the team match up, to the half-time show, to the commercials. In a pivot to business, Eric explains the differences between S Corporations and C Corporations. And while the NFL football season is coming to an end, tax season is just beginning. Don’t go it alone. Consider hiring a tax specialist. Eric and his firm can help you.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
It's a Coaching Carosel in the NBA as the Bucks make a change midseason! Speaking of Bucks, it's Tax Season! To give you a head start Eric explains W2's W9's and 1099's
Michael Penix was a top 10 pick in all the Mock Drafts entering the National Championship.
Following Michigan's Win which Eric attended, all the over reaction Mocks moved him to the 2nd Round. Eric breaks down Penix's loss in income if he falls out of the First Round
Sports Gumbo is the podcast hosted by Eric Pierre, CPA,…tax expert, business leader, former professional athlete, philanthropist, and sports enthusiast. Join Eric, along with Drew Lasker and a myriad of guests, as they explore a rich roux of topics comprised of the intersectionality of sports, business, and current events.
. America’s pastime is alive and well, and paying out big bucks! In this episode, Eric and Drew chop it up about Shohei Oshani’s mega $700 million contract with the Los Angeles Dodgers. Are you the parent of an athletically inclined child and not sure what sport to encourage? Maybe it’s time to give baseball another look. And while we are seeing more of these mega contracts across professionals sports, money does not always equate to ‘set for life.’ You need a professional like Eric on your financial team working to ensure that the money you make playing sports works for you and enables you to power your legacy into the future.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
In this episode, Eric and Drew chop it up about college football and NILs (Name, Image, and Likeness). The landscape for the college gridiron is vastly different that just a few years ago. And the business of college sports is not just a topic for the universities as players are positioning to capitalize on their talents. Listen as Eric and Drew share the highs and lows of the shifting paradigm.
Thanks for checking out Sports Gumbo. Follow us on social media and where ever you get your podcasts. Until next time….
Sports Gumbo is the podcast hosted by Eric Pierre, CPA,…tax expert, business leader, former professional athlete, philanthropist, and sports enthusiast. Join Eric, along with Drew Lasker and a myriad of guests, as they explore a rich roux of topics comprised of the intersectionality of sports, business, and current events.
CPA Huddle is a fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time-efficient resource hub that will increase your money management IQ.
Thanks to the loyal listeners of this podcast! This is the final CPA Huddle episode to feature Eric Pierre and Ignatius Jackson. They are appreciative of the opportunity to share their tax knowledge and passion, and they both look forward to separate ventures to continue to be thought leaders in this space.
The purpose of this episode is to deliver an episode replete with robust, wide-open debate and discussion that supplies the listeners with objective information regarding the Employee Retention Credit’s (“ERC”) permitted fee structures and the subjective opinions of professionals who apply the associated structures to clients seeking the ERC.
Ignatius publicly expressed discontent with CPAs that employ certain fee structures associated with the ERC. In context, his comments run the risk of being associated with Eric Pierre and his practice. As Eric and Ignatius part ways, it is important to provide viewers with a broad base of knowledge on which to begin their ERC journey by exposingthem to the views and opinions of professionals that operate in accordance with the highest ethical standards for the profession, while continuing to educate and inform about ERCs.
It’s time to Huddle Up one last time!
Disclaimer.
The views and opinions expressed in this podcast and in any associated media are those of the professionals participating in the podcast. They do not necessarily reflect the views or positions of 21 Media.
Furthermore, the information disseminated via this podcast does not and is not intended to constitute legal or accounting advice; instead, all information, content, and associated materials are for informational purposes only. Consumers should contact their attorney and/or the certified public accountant (“CPA”) before acting on the basis of any of the content consumed from this podcast.
Loyal listeners of this podcast know that Ignatius and Eric are fans of real estate investments as a way to diversify investment portfolios. In this episode the Huddle Guys talk with Dan Kryzanowski who they met at a recent real estate summit in Austin. Dan is an Advisory Partner for BV Capital, a member of the Bridgeview family of companies. Bridgeview is a private real estate development and investment company. BV Capital is Bridgeview's private equity company offering direct access to investments historically only available to institutions. BV Capital primarily works with sponsors on real estate in Texas and surrounding markets and offers investments in single property assets as well as diversified portfolios and funds. Dan is also a Mentor with the Capital Factory which hosts over 100,000 entrepreneurs, programmers and designers gathered day and night, in-person and online for meetups, classes and coworking.
Put simply, real estate syndication is a partnership between several investors for a real estate project. The investors combine their capital and resources to purchase a property that would be difficult (or impossible) to do as individuals. The information shared in this discussion is a natural build to previous Huddle episodes on this topic. If you are not already in the real estate game, let the Huddle Guys help you. Connect with them at Contact Us | CPA Huddle.
Eric’s World Series predictions were recorded before the series ended. Not bad, Eric…even though you originally had the Dodgers winning it all. It’s time to Huddle Up!
For so many people, the year end holidays arrive earlier each year. Early Black Friday Shopping starts in July, and some stores display holiday decorations in September. While this timing may seem way too early for some, we should really apply this model to tax year end planning. If you are listening to this episode and you have not started your tax planning, you are late…but not the worry…the Huddle Guys can help get you focused. In this episode the Huddle Guys discuss some year-end tax planning strategies for all income levels. You have to plan ahead to maximize tax savings. Listen as they give advice about Continue Education (CE) credits, year-end business meetings, retirement contributions and Health Spending Accounts (HSAs), and how these items can factor into your year-end financial close out. Have you heard of a Backdoor Roth IRA? If not, stay tuned. The Huddle Guys caution us again about relying on social media for tax advice. If you are ready to get serious about your tax planning…step away from TikTok, and listen to the Huddle Guys. If you need a CPA, connect with them at Contact Us | CPA Huddle. It’s time to Huddle Up!
In this episode the Huddle Guys discuss the topic of business credit with Darryl Johnson, CEO and Founder of Business Credit Works which helps businesses build credit without personal guarantees or credit checks. A strong focus for Darryl is his commitment to give financial institutions more positive data to assess credit worthiness.
Business credit is just as important as consumer credit. In short, Business credit is for your EIN and it is not linked to your SSN regardless of your personal credit, collateral, or cash flow. Every year, companies go out of business because they can't get money and credit to operate. Without business credit, businesses can struggle to grow and scale.
The Huddle Guys talk about how to get business credit, and use it wisely. They remind us that this is not a get-rich-quick scheme! And no Huddle is complete without some fun banter. The Guys talk MLB and their guest’s celebrity look alike.
The Huddle Guys want to hear from you about business credit, or another financial topic that is important to you. Connect with them via social media or drop them a line on the show’s website contact page: Contact Us | CPA Huddle. They may address your voice mail on an upcoming episode. It’s time to Huddle Up!
In this episode the Huddle Guys discuss the Real Estate 2022 Summit that they recently attended hosted by Mat Sorensen and Mark Kohler. (Both Mat and Mark were previous guests on this podcast.) At this Summit, Huddle Guy Ignatius Jackson spoke on a panel on the topic of tax savings related to real estate. Go Ignatius! To learn more about the summit, visit Realestatetaxsummit.com.
The Huddle Guys remind us that real estate investments can be coupled with tax strategies that help us save money and build wealth for us and our families. The tax advantages can couple real time cash flow and high rate of returns. That is a win-win!
For many, investing in real estate is an alternative to the stock market, but some may be reluctant because of the amount of money involved. If this is the case for you, consider partnering with someone (or a group) that you trust. Also, the use of qualified accounts to invest in real estate is still highly underutilized.
The Huddle Guys also respond to voice mails from a listener. And no Huddle is complete without sports talk. The Guys talk NBA and MLB, with Eric even giving his pick to win the world series.
The Huddle Guys want to hear from you. Connect with them via social media or drop them a line on the show’s website contact page: Contact Us | CPA Huddle. They may address your voice mail on an upcoming episode. It’s time to Huddle Up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
In this episode the Huddle Guys welcome Alessandra Wall, Ph.D. who founded Noteworthy to support women in STEM and finance by helping them articulate, plan, and build careers that are wildly successful. To say that Dr. Wall is a champion of women is an understatement; she is an executive coach and leadership consultant committed to helping women advance their careers. She believes, “the world will be a better place when the right people get hired, not just one segment of the right people.”
Listen as the Huddle Guys and Dr. Wall discuss the challenges that women face when navigating their careers. Why is ‘ambition’ considered by some to be a bad word for career women? Why do women think they have to sacrifice in other areas of the lives to have career success? How can men ‘show up’ as allies and sponsors of women in the workplace?
Of course the Huddle Guys want to hear from you on this topic. Connect with them via social media or drop them a line on the show’s website contact page: Contact Us | CPA Huddle and share the successes and challenges of your career journey. It’s time to Huddle Up!
Eric kicks us off with some college football talk, but the real focus of this conversation is on student loans for college. According to recent data, student loan debt in the US amounts to over $1.75 trillion dollars. It is likely that you have had a student loan or you have known someone (your child, niece/nephew, neighbor, colleague) who has.
It should come as no surprise that the topic of student loan debt forgiveness has become a lightning rod in political, business, and family circles. And this episode of CPA Huddle is no exception…the Huddle Guys bring the heat and the passion!
Listen as the Huddle Guys discuss the many aspects of student loan forgiveness…the politics, the legalities, and the fairness. Of course the Huddle Guys want to hear from you on this topic. Connect with them via social media or drop them a line on the show’s website contact page: Contact Us | CPA Huddle.
This episode is going to get you talking. It’s time to Huddle Up!
In this episode, the Huddle Guys talk with Ryan Bakke CPA , Owner of MLS Consulting, PLLC, and a financial coach known as, ‘LearnLikeACPA.’ Ryan graduated from Trinity Chirstian College with degrees in accounting and finance. At the time he became a CPA, Ryan was the youngest licensed CPA in Illinois. Ryan began his career with one of the Big 4 accounting firms. He quickly decided that he wanted to focus his work with clients who wanted to build their wealth, and “change their family tree.” Listen as the Huddle Guys and Ryan discuss considerations for the decision to become involved in real estate investing, coupled with the tax benefits available for those who make the decision. Their conversation reminds us that tax planning is a key factor in separating the rich from the poor. And Ryan simplifies that concept of tax planning by emphasizing that it is primarily an exercise in deferring the recognition of income and accelerating the recognition of expenses. Ryan also believes that real estate investing is NOT a ‘get rich quick scheme;’ it is a get rich scheme. If you are trying to change YOUR family tree by making smart money moves, it’s time to Huddle Up!
In this episode, the Huddle Guys talk with Mat Sorensen, CEO of Directed IRA, and a Partner at Kyler Kohler Ostermiller & Sorensen, LLP. Mat has been at the forefront of the self-directed IRA industry since 2006. He writes regularly on retirement, tax, and business topics and is a VIP Contributor at Entrepreneur.com. He is also a contributor for Cryptopedia. Mat is the best-selling author of The Self-Directed IRA Handbook: An Authoritative Guide for Self-Directed Retirement Plan Investors and Their Advisors, a go-to guide for investors, planners, and Mark’s competitors.
Listen as the Huddle Guys and Mat discuss self-directed IRAs, a type of IRA that can hold investments not allowed by regular IRAs, like real estate and cryptocurrency. They can be in the form of traditional or Roth IRAs, and the investments are managed by the account holder. These IRAs can help you save on taxes and plan effectively for retirement, but they are not talked about enough. Many financial planners do not discuss self-directed IRAs with their clients. Thank goodness for the Huddle Guys! It’s time to Huddle Up!
In this episode, the Huddle Guys talk with Mark J. Kohler , a CPA, attorney, author, and podcast host. Mark is a Senior Partner at Kyler, Kohler, Ostermiller & Sorenson, LLP. He is also Fonder & CFO of Directed IRA, and a Senior Partner for Kohler & Eyre CPAs, LLP. Whew…when does Mark sleep?!?
Listen as the Huddle Guys and Mark discuss ways to save on healthcare costs via Health Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs). In many regards, these are resources are underutilized tools; opportunities to save money are missed. They share information that is helpful to both tax preparer and tax payers. They also revisit topics related to the Inflation Reduction Act (IRA) which they believe will not save the average tax payer any money, especially if you are deemed to make too much money. (Checkout Episode 55 for more information about the IRA.)
As usual, the Huddle Guys also have lots of fun with their guest, who also believes in the ‘mythical’ Big Foot. Another first for this podcast! It’s time to Huddle Up!
In this episode, the Huddle Guys discuss the Inflation Reduction Act (IRA) which became effective August 16, 2022. At a very high level, the law aims at curbing inflation and promoting clean energy solutions. Listen as the Huddle Guys share why this law is viewed by many as being controversial. Will it accomplish what is intended? Will there be any immediate benefits or is IRA more of a climate bill than anything else? The Huddle Guys review the provisions of this bill, for which the ‘average’ tax payer may not see many benefits, unless they are in the market for green energy purchases.
The guys also remind us not to take social media so seriously. While they often challenge inaccurate and contrary opinions that are expressed on tax issues via social media; it is good-natured with the intention to inform, educate, and set the record straight. It’s time to Huddle Up!
In this episode, the Huddle Guys talk with Blake Oliver, CPA, creator of Earmark CPE which creates opportunities to earn CPE credits by listening to podcasts. Blake is a graduate of Northwestern University with a degree in music. After college, Blake became a bookkeeper, which sparked his interest in accounting. When he decided to pivot and become a CPA, Blake learned first-hand the difficulties that many face to attain the 150 college credits needed to become a CPA, which includes having to take non-accounting related classes. Listen as Blake challenges the 150 hours norm, and shares how his start up provides another avenue for licensed CPAs to earn CPE credits.
For all aspiring CPAs, please check with the Society of CPAs in your state for licensing requirements, and continue to utilize this podcast as a resource. It’s time to Huddle Up!
In this episode, the Huddle Guys continue their Women in Accounting series by featuring Nikki Winston, Accounting Coach, Writer, Podcaster, and Blogger. Nikki is an alum of The Ohio State University, and during recent visit to the campus she reflected on the Accounting 101 professor (and the actual lecture hall) that piqued her interest in the profession. In addition to liking the subject matter, Nikki saw the accounting field as one that was practical, offered stability, and afforded professionals an opportunity to charge a premium for their expertise.
While Nikki Winston is an advocate for more African American women becoming CPAs, she also recognizes that some expert accountants opt for different paths. She is also passionate about financial literacy education, helping others to adopt an investor mindset and learn how to make their money work for them, instead of always working for their money.
Calling all college students and career boomerangs! If you are unsure of what to major in or career to pursue, consider opportunities in accounting. Catch up on episodes of this podcast as a resource. You can also follow Nikki across the various social platforms. It’s time to Huddle Up!
Taxes don’t take a summer break. This is a great time of the year to do some tax planning. In this episode, the Huddle Guys review tax savings strategies that you can consider midway through the year.
Listen as they discuss Health Savings Accounts (HSAs), insurance products, and S Corp business structure considerations.
The Huddle Guys also remind us not to rely on social media for tax advice. Some with very active platforms are not qualified professionals. They give advice, but they may not even be tax preparers. If the tax deduction sounds too good to be true, it may be.
Now is a good time to do a check in with your tax professional. If you don’t think you are receiving the best advice, consult with another professional. You can always explore the services offered by Ignatius L. Jackson, CPA and Eric Pierre, CPA. It’s time to Huddle Up!
In this episode, the Huddle Guys continue their Women in Accounting series by featuring Kelly Phillips Erb, a writer for Bloomberg Tax & Accounting. Kelly received her BA in History from Meredith College and her JD/LLM in Taxation from Temple University. Previously, Kelly was a Senior Contributor & Tax Writer for Bloomberg. She is also a tax attorney, business owner, and podcaster, under the name Taxgirl. Kelly is all things tax!
Listen as Kelly describes how she navigated her career, and how one professor was key to the path that she chose to travel. We hope that this episode will inspire students of all ages to embrace opportunities to become subject matter experts in areas that are unconventional.
Calling all college students! If you are unsure of what to major in or career to pursue, consider opportunities in accounting. Catch up on episodes of this podcast as a resource. You can also follow Kelly, aka Taxgirl, across the various social platforms. It’s time to Huddle Up!
In this episode, the Huddle Guys launch their Women in Accounting series. Beginning in the 1990’s, the big accounting firms were laser focused on their diversity & inclusion efforts. Today, approximately 61% of accountants are women and 24% of partners in accounting firms are women.
So, while the accounting industry has made great strides in its gender composition at certain levels, it cannot take its foot off the gas. The Huddle Guys want more college students to learn the benefits of a career in accounting, and to understand that the career paths in the accounting field are varied.
The Huddle Guys welcome Lorilyn Wilson, CPA. Listen as Lorilyn shares her unconventional path to the accounting profession. She is a University of Michigan graduate, who was recruited on a softball scholarship and graduated with a degree in Political Science initially. She then found her passion for accounting. Lorilyn also discusses how she maneuvered early on to work for an accounting firm that provided the work-life balance that was important to her family.
Calling all college students! If you are unsure of what to major in or career to pursue, consider opportunities in accounting. Catch up on episodes of this podcast as a resource. You can also follow Lorilyn across the various social platforms. As Eric and Ignatius continue to show us, the accounting profession is much more dynamic and exciting than many of us know. It’s time to Huddle Up!
In this episode, the Huddle Guys shed some light on current IRS wait times. Have you experienced a 5 ½ hour hold time to speak with an IRS representative? Did you know some tax preparers have an account that provides them with quicker access to an IRS agent when they call? Are you waiting months or years for a refund? Are you awaiting a response to an amended return? Are you aware that it has been reported that some 30 million information returns were destroyed? If so, you are not alone!
It is unclear why the IRS response time is at historically ‘slow’ levels. Is it a biproduct of pandemic recovery? Or is the agency just broken? Listen as the Huddle Guys try to make ‘heads or tails’ of what is going on with the IRS, and the possible impact to you…. even comparing the IRS to the LA Clippers, if that analogy helps our NBA fans to make more sense of what is going on.
The Huddle Guys’ keep us apprised of the great things going on with their firms! They cover a lot of helpful reminders and information in this episode. If you need to call the IRS, you can listen to this and a few other episodes of this podcast while you wait. It’s time to Huddle Up!
In this episode, the Huddle Guys talk about the Employee Retention Credit (ERC). The CARES Act provides a refundable tax credit against the employer portion of the Social Security tax equal to a percentage of wages paid, if eligibility requirements are met.
ERC has become a hot topic that may draw scrutiny from the IRS for business owners. Beware of scams popping up related to ERC, in the form of internet and radio ads, and robocalls. (The Huddle Guys play an actual robocall during this episode.)
Listen as the Huddle Guys discuss ways to qualify for the ERC. While you must show economic impact caused by the pandemic and possibly related supply chain issues, that may not be enough to qualify. You must be able to prove a direct tie to a government order.
Let the Huddle Guys be your information source; don’t be a victim of an ERC scam.
And no CPA Huddle episode is complete without some fun with the guys. They are in full NBA Finals mode, and Eric gives us a glimpse of his pseudo previous modeling career! It’s time to Huddle Up!
The Huddle Guys are back, and they are taking their show on the road! They are rested and re-energized after this year’s tough, unprecedented tax season. This episode is the recording from a recent AWEB presentation that Eric and Ignatius gave to a live audience. They cover a myriad of relevant topics including life insurance, real estate professional status, short term rental exceptions, health savings accounts (HSAs) and self-directed 401k’s. For loyal Huddle listeners, the information shared is a great review of topics covered in previous episodes; if you are new to this podcast, it is a great warm up for the knowledge that you can expect to gain by listening regularly. Tax planning is a year-round sport. You cannot take your eye of the ball. Stay current with CPA Huddle for a wealth of information intended to improve your personal and business financial outlook. The Huddle Guys give you insights that other CPAs do not. It’s time to Huddle Up!
As CPA Huddle recently reached its first year anniversary, We take it back to the Genesis. We appreciate everyone who has been on this journey since day 1 and those who are just joining!
In this inaugural episode you will meet, Eric Pierre and Ignatius Jackson. Both are experienced, highly respected CPAs with a knack for unpacking a myriad of complex money topics that impact your financial bottom line. With their smart, easy style, the ‘Huddle Guys’ translate tax and accounting ‘hot topics’ into language that we can all understand.
They discuss their paths to become CPAs, why they launched this podcast, and their steadfast commitment to being mentors and stewards for diversity, equity, and inclusion.
This podcast is for everyone...working professionals, household managers, retirees, business owners, professional athletes, retired athletes, boomerangs, college students...YOU!
CPA Huddle is your time efficient resource hub that will increase your money management IQ. Subscribe where you consume your podcasts.
It’s time to huddle up!
Listen as The Huddle Guys share updates on the reporting requirements for 1099-K
forms. The information shared in this episode is not just for business owners. If you
use apps (payment processors) to exchange money, you need to tune in. In short, if
you use apps to transfer money above a certain threshold, you may receive a 1099-
K form even if the transactions are for personal reasons. This may cause some to
have to spend additional time and money this tax season proving that these
transactions are not related to a business.
In the apps, be sure to denote whether a payment is for business or personal/family.
Otherwise, you may increase your chances of having your activity in the payment
apps identified as business transactions, that you will have to then refute. In short,
non-business owners may have to prove that they do not own a business.
These are interesting tax times, and The Huddle Guys give you insights that other
CPAs do not. It’s time to Huddle Up!
Time flies when you are having fun and doing taxes! This is a very special episode of CPA Huddle as we celebrate the 1-year anniversary of this podcast! (Queue the champagne bottle-popping.)
Thanks to all who have tuned in as our hosts, Ignatius Jackson and Eric Pierre, provided sage wisdom and spot-on advice during these unprecedented (some might even say ‘wacky’) tax and financial times. There is no other financial podcast like this. Where else can you get tax advice, money management guidance, and fun sports talk all in one podcast?!?
To celebrate this special milestone, let’s show Eric and Ignatius some love! 1) If you have just recently tuned into CPA Huddle, we hope that you will take time to listen to previous episodes to get up to speed. 2) Give a shout out to CPA Huddle via your social media network. 3) Via LinkedIn, Connect with
Ignatius Jackson and Eric Pierre. 4) Share a link to this show with a college student who is an aspiring CPA or business owner. Let them learn firsthand from Eric and Ignatius on how dynamic and fun this field is. They are super role models. 5) Provide the Huddle Guys with show ideas. They are open to covering topics that are relevant to your financial and business needs.
It’s time to Huddle Up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
The landscape for the current tax season is one that can be frustrating and cause many tax filers to become impatient. Listen as the Huddle Guys explain why tax return filings this year may be delayed due to the late release of tax forms and software updates from the IRS. This is true for both individual and business returns. If your tax preparer says there will be a delay in submitting your return, believe him/her.
Additionally business owners, your preparer may also ask questions this year that he/she may not normally ask. You can thank the IRS for that as they are requesting information needed for new forms that have been created.
The Huddle episode is not for the faint of heart, but it will help you get your ‘mind right’ for this year’s tax seasons. Preparation is important, but having a competent CPA is critical. Check out the firms of the Huddle Guys and see how their expertise can help you and your business.
www.pierreaccounting.comwww.iljcpa.com
And no CPA Huddle episode is complete without sports talk. The guys start off with some NBA talk. Ignatius is still all about the Phoenix Suns, and Eric reignites the Jordan vs. Lebron debate.
It’s time to Huddle Up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
Is 2022 the year for you to make real estate moves? In this episode, the Huddle Guys provide sound advice related to multifamily and single-family real estate. They remind us that real estate is a great driver for wealth building, but you need to understand the tax implications.
Listen as the Huddle Guys compare and contrast the considerations for both investments. Finances and cash flow are key factors to making real estate investment decisions, but time to close and due diligence processes may also vary depending on the property. There are, however, benefits to both.
Does the prospect of acquiring multifamily property seem daunting? The Huddle Guys help you understand how partnership and economies of scale may make this feasible.
Of course, the Huddle Guys educate and inform, all while having fun. Check out Eric’s sultry ‘jazz voice,’ inspired by a recent concert that he attended in Long Beach. It’s time to Huddle Up!
www.pierreaccounting.comwww.iljcpa.com
Crypto currency remains a hot topic. For loyal listeners of CPA Huddle, this will be the 4th episode on the topic. Check out episodes 6, 32, and 37, if you need a refresher. Listen as the Huddle Guys share their learnings and observations from a recent Crypto Tax Summit that they attended together in Phoenix. Their key takeaway is that there is still a lot to learn! There is no specific law in the tax code that relates to cryptocurrency, so this is new territory everyone.
The Huddle Guys also provide some important to reminders for non-profits, update us on the national debt ceiling, and have a little fun with some NBA highlights. (They always represent the Houston Rockets and the Phoenix Suns!)
Lastly, Ignatius is rebooting in-person and virtual tax workshops for small business owners and other professionals starting this month. Contact his firm for registration information.
If your financial portfolio contains crypto, you will need the professional support of a CPA. Contact the Huddle Guysfor their expert services. Do not navigate this tax season alone!
www.pierreaccounting.comwww.iljcpa.com
It’s time to Huddle Up!
Believe it or not....tax filing is upon us! The window to e-file your return opens
soon. Spoiler alert: filing your tax return this year will cost you more money! The
Huddle Guys are joined by Jason Staats, CPA, MBA, a Principal at Benner &
Company LLP, a firm which was established in 1946 in Willamette Valley, Oregon. **The
Huddle Guys and Jason review the 9 Reasons Why Your Tax Professional Will
Raise Fees This Year.**
Filing expense aside, The Huddle Guys discuss other reasons why this filing
season may be like none other before. New tax laws, IRS delays/backlog, and a
myriad of other issues may make this tax season more challenging than in previous
years.
Word to the wise: start early this year! Organize your records and work with a CPA.
Contact the Huddle Guys for their expert support and services. Do not try to
navigate this tax season alone!
www.pierreaccounting.com www.iljcpa.com
It’s time to Huddle Up!
Happy New Year from the Huddle Guys! Eric and Ignatius are excited for 2022, and they are having lots of fun in their first episode of the year! Eric starts by offering his critique of Ignatius’ fashion choices for this recording session, he gives a few hints as to some of his possible new year’s resolutions, and he discusses some tax-related current events (no updates in the capital gains tax and no sweeping changes for IRAs and 401ks). The Huddle Guys are gearing up for an eventful year, as they reveal plans to speak at a conference in May 2022. Stay tuned for more details.
The Huddle Guys are no strangers to real estate investments and their tax implications. Listen as they discuss who meets the IRS criteria for qualifying as a real estate professional. It is not as straightforward as you may think. This determination, however, decides who can take passive losses against non-passive income as it relates to real estate income. If you are a real estate professional, a novice, or real estate is on your ‘to-do’ list for 2022, you need to listen to this information and contact the Huddle Guys for their expert support and services before you get too far into the tax year.
www.pierreaccounting.comwww.iljcpa.com
It’s time to Huddle Up!
Happy holidays to all CPA Huddle listeners! What a year we just had! While you may be in full holiday season celebration mode, the Huddle Guys are here to remind you of some important tax planning tips to help you close out 2021 strong and start preparing for 2022. While many may be hoping for a ‘normal’ tax year, there is so much in flux with Congress…don’t’ hold your breath.
Listen as the Huddle Guys reflect on the year that was 2021; and Eric admits losing a bet to Ignatius regarding the capital gains tax. They also provide tips for S Corporations, 401k, Roth IRA savings, W9/1099 preparation and filings, and they even discuss prepaying some 2022 expenses…just to name a few.
So put down the eggnog, and get a jump start on the new year. You will still have plenty of time for holiday fun after listening to this episode.
If you need to establish a new CPA relationship in 2022, contact the Huddle Guys for their expert support and services. Happy new year to all!
www.pierreaccounting.comwww.iljcpa.com
It’s time to Huddle Up!
Listen as the Huddle Guys provide updates on two bills that can have tax implications to many Americans. First, is the Infrastructure Investment and Jobs Act, commonly referred to as the Bipartisan Infrastructure Bill, which was signed into law by President Joe Biden on November 15, 2021. Second is the Build Back Better Bill which has not yet been passed into law.
The Huddle Guys break down the highs and lows of both of these bills, and what they can mean for your bottom line. The updates cover the gamut…everything from extension on the Child Tax and Earned Income credits, to Crypto Asset Reporting guidelines, to the expiration of the Employee Retention Credit, and to retirement savings impact.
There is something for everyone in this episode, and the information shared may support your year-end tax planning process. As always, the Huddle Guys are very transparent about how they feel about some of the proposed tax changes, and what they meant to you. Contact the Huddle Guys for their expert support and services. With all that is in flux for 2022, you need a CPA in your corner.
www.pierreaccounting.comwww.iljcpa.com
It’s time to Huddle Up!
Bitcoin is here to stay! Crypto currency is not a passing fad but there is still a lot of unchartered territory on this topic. While many people are investing in this space, many more are still hesitant to enter this market. Billionaires and millionaires have been made by cryptocurrency. Could you be next?
CPA Huddle #6 and #32 are great pre-listens for this episode as the Huddle Guys are joined by Joanna Garzilli, Business Development Officer for the Crypto Division of Directed IRA & Directed Trust Company. They have a comprehensive discussion about all things cryptocurrency, including how self-directed retirement accounts present investment opportunities that take the ‘wildness’ out of the equation and focus the investor on long-term strategies.
Currently, many of the rules that apply to typical stock trades don’t apply to crypto trades. New regulation may be forthcoming, but now may be a good time to get into the crypto game!
You will also learn some new crypto-related lingo, and the trends to watch out for. The timing of this episode is perfect as many are doing their year-end financial planning and looking for different investments to consider in 2022. As always, you can contact the Huddle Guys for their expert support and services.
www.pierreaccounting.comwww.iljcpa.com
It’s time to Huddle Up!
For many of us, we have a special relationship with the car that we drive. Whether you have an SUV, hybrid, convertible, or station wagon (yes, the still make station wagons!), did you know your ride can equate to tax savings?!?
In this episode, the Huddle Guys were together in Arizona and they discuss how business owners can qualify for tax deductions related to their cars. They breakdown who and what cars qualify and the two accounting methods to capture the most benefit. They also review depreciation considerations, the purpose of the Schedule A, and how mileage factors into this process. (If you don’t keep a mileage log, you will probably start after hearing this episode.)
As always, the insights shared on this podcast spot on. Why rely on social media for tax tips when you have the Huddle Guys? As always, you can contact the Huddle Guys for additional support and services.
For this episode, the Huddle Guys are joined by Seth Fineberg, US Managing Editor
for AccountingWEB, the largest independent online community for accounting
professionals. Seth has been a business journalist for three decades, with a specific
accounting focus for about 20 years. He is passionate about all of the news and
updates that take place in the industry and he enjoys being a conduit for relevant,
current information to accountants.
AccountingWEB provides it audience with thought leadership and practical
information that they can provide to their profession. They also keep track of new
IRS rulings, and have experts who help to interpret the updates and their impacts.
The Huddle Guys are huge fans of AccountingWEB, which Eric likens to the ‘meat
and potatoes’ for accounting research.
Listen as the Huddle Guys and Seth discuss a wide range of issues, including the
talent shortage for the accounting industry. (College students...not sure what to
major in? Consider accounting!) And of course, no Huddle is complete without
some sports talk. Seth is a life-long NY Yankees fan, while Eric is lamenting the
Houston Astros World Series loss, and Ignatius is all about the NBA and his Phoenix
Suns.
Checkout AccountingWEB @ www.accountingweb.com. As always, you can contact
the Huddle Guys for additional support and services.
www.pierreaccounting.com www.iljcpa.com
It’s time to Huddle Up!
After some World Series and NBA banter, the Huddle Guys take on serious topics.
As the old saying goes, there are two things in life that are inevitable, death and
taxes. This episode deals with both. Everyone needs to plan for what happens to
their heirs upon their death. There are two types of planning, estate planning and
tax planning. The issues to be considered are different for every person, family,
and business owner. If you don’t consider yourself to be wealthy and you think that
this information is not for you, think again.
The Huddle Guys are joined by Gregory Wilder, a tax attorney and CPA. Gregory
has been practicing for 38+ years, much of that time with international public
accounting firms. He is an expert at helping his wealthy clients and successful
business owners with estate and gift tax, income tax, and generation skipping tax
planning.
The Huddle Guys and Gregory share practical advice that anyone can apply. And
please know this is not a short process or a one-and-done. This type of planning
takes time, needs to be adjusted as lifestyles change, and must be done correctly.
Please don’t leave confusion and ambiguity for your relatives upon your passing. As
always, you can contact the Huddle Guys for additional support and services.
www.pierreaccounting.com www.iljcpa.com
Loyal listeners to the podcast know that the Huddle Guys are all about wealth
building and saving money. This episode is no exception. The Huddle Guys
recorded together in Phoenix, AZ, as they recently attended the Directed IRA
Summit.
Listen as they share their insights, wisdom, and advice on how to take control of
your retirement savings by building wealth. Unfortunately, many financial advisors
do not discuss self-directed retirements because they are...self-directed. The
Huddle Guys explain the various beneficial uses for these investment vehicles, and
they call out some money-saving moves that you can take advantage of before year
end.
If you missed Episode 32, give that one a listen also, as these two discussions link
together. There is some ‘alphabet soup’ associated with the terms used in this
episode (IRA, HAS, HRA). As always, you can contact the Huddle Guys for
additional support and services.
www.pierreaccounting.com www.iljcpa.com
It’s time to huddle up!
In this episode, the Huddle Guys kick us off with sports shout outs that span the MLB, NBA, and NFL. They then welcome Rob Santos. Rob is currently the CEO of Arrowroot Family Office and Arrowroot Partners, after spending many years with Wall Street investment firms. Rob is an expert in a variety of investment tools, including Self-Directed Individual Retirement Accounts (IRAs). By definition, Self-Directed IRAs are a type of Individual Retirement Account that can hold a variety of alternative investments not allowed by regular IRAs, like real estate, limited partnerships, revenue and royalty streams.
Listen as the Huddle Guys and Rob discuss the benefits of Self-Directed IRAs and some things to watch out for as these investment tools come under greater scrutiny. This is a topic that you will want to have professional help and guidance to navigate. You can always contact the Huddle Guys for additional support and services.
www.pierreaccounting.comwww.iljcpa.com
It’s time to huddle up!
In this episode, the Huddle Guys are joined by Darren Adam Heitner. Darren is
the Founder of Heitner Legal, P.L.L.C., an adjunct professor of Sports Law at the
University of Florida Levin College of Law, a certified arbitrator with the American
Arbitration Association, and author of many books including **How to Play the
Game: What Every Sports Attorney Needs to Know,** as well as numerous
articles in Forbes, Inc. Magazine, and Above the Law. Darren is an expert in
Intellectual Property (IP) and Name, Image, and Likeness (NIL).
Listen as the Huddle Guys and Darren explain what is meant by IP, its various
applications, its relevance to business, and common mistakes business owners can
make in this space.
NIL is a topic of particular significance to college athletes as it allows for the
protection of their images and the ability to profit from their personal brands.
If you are a business owner, and/or work with athletes, this is an important episode.
If you have questions that extend beyond the scope of this episode, you can always
contact the Huddle Guys for additional support.
It’s time to huddle up!
We hope this title caught your attention! The Huddle Guys are all about providing their clients with the information they need to make smart money moves. Believe it or not, a lot of business owners pay themselves incorrectly based on their business structure. Listen as the Huddle Guys share their advice for those structured as sole proprietors, partnerships, and LLCs. They also share best practices for proper money management, regardless of the business structure.
While only 1% of all tax returns are audited, the Huddle Guys caution that this is an area that the IRS is paying more attention to, especially with an uptake of audits of LLCs. Heeding their advice may help you to avoid some costly mistakes down the road.
Both Eric Pierre and Ignatius Jackson (the Huddle Guys) are licensed CPAs with vast experience in starting and running their own businesses, and helping their clients do the same. Visit their websites and see how one of their firms can help you. It’s time to huddle up!
www.pierreaccounting.comwww.iljcpa.com
According to current information from the Bureau of Labor Statistics, 20% of new business fail in their first year; 50% fail in their fifth year. If you are a business owner or a budding entrepreneur, there are some common pitfalls that you can avoid, and some strategies that you can deploy to get you started on the right footing.
In this episode, the Huddle Guys share advice on how to fund your business costs and position your enterprise for long-term success. While there is no guarantee that any business will be successful, remember you do not have to go it alone. Partnering with the right professionals can make a measurable difference in terms of your trajectory for success. Both Eric Pierre and Ignatius Jackson (the Huddle Guys) are CPAs with vast experience in starting and running their own businesses, and helping their clients do the same. Visit their websites and see how one of their firms can help you.
www.pierreaccounting.comwww.iljcpa.com
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
In this is extended episode, the Huddle Guys talk about possible sweeping changes in the tax landscape with proposed new legislation that will have real impacts on businesses and individuals. Listen as the Huddle Guys share why they are not fans of the proposed legislation. The corporate tax rate will increase, with varying impacts based on industry. The impact to corporations may become a reminder of trickledown economics, as it could raise prices for all consumers and impact job stability.
Flowthrough impacts aside, many of us stand to take a hit to our wallets as tax rates for individuals and married couples could increase.
Pay close attention to this episode and take action. Congress needs to hear from you about the impact of these regulations to your bottom line. It’s time to huddle up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
Real estate investing is still a significant driver for wealth building. In recent times, the real estate market has consistently outperformed the stock market. Are you interested in beginning to invest in real estate or increase your current portfolio? Listen as the Huddle Guys discuss different components of an effective real estate investment strategy, and corresponding tax benefits for those investments. Have you heard of a ‘house hack’? It may be an easy entry point for those looking to start investing in real estate. As always, the Huddle Guys are all about making smart money moves. And they speak from experience, not just theory or watching from the sidelines.
Ignatius is on the road while recording this episode. He is in the “State that Works.” (Any guesses with state that motto belongs to?) As a caution, the Huddle Guys also discuss their regional BBQ preferences, so you may get a little hungry while you listen. It’s time to huddle up!
Would you like to save money on your health care expenses? Then listen as the
Huddle Guys discuss the Health Savings Accounts (HSA). An HSA is a tax-exempt
account set up to pay or reimburse certain medical expenses you incur. They also
present the potential opportunity for health insurance deductions for small business
owners.
HSAs are a hidden gem that many have not tapped into, probably due to lack of
awareness and understanding. The Huddle Guys are all about making smart
money moves. They explain the benefits of HSAs far better that your HR
Department will. It’s time to huddle up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ. During the COVID-19 Pandemic, the Centers for Disease Control (CDC) instituted an eviction moratorium in an effort to lessen chance of disease spread that could have been caused by displacement during this time. In this episode, the Huddle Guys discuss the unintended negative impact that the eviction moratorium had on landlords, given the unprecedented length of time that it lasted. They share their insights on ways that the moratorium and renters’ assistance programs could have worked together to support both the renters and the landlords. Even with all that happened, the Huddle Guys do not dissuade investors from entering the real estate gram. The Huddle Guys want to hear from you! Follow CPA Huddle on the various social channels and share your thoughts about this and other episodes. It’s time to huddle up!
Eric has just returned from vacation in Puerto Rico, and he is definitely refreshed! He shares his thoughts about Kanye West’s new album, Donda, and Kobe Bryant’s book, The Mamba Mentality, How I Play. Eric also wrote an article for the AICPA about diversity in the accounting industry that he will discuss in the future.
In this episode, Ignatius starts the discussion about S Corporations (S Corps), a topic that they recently touched on in the episode about entity structures. An S Corp is a type of corporation that may pass income direct to shareholder without having to pay federal corporate taxes.
While the tax savings associated with an S Corp may be attractive, the Huddle Guys remind us of the importance of enlisting an experienced CPA to set up your business, prepare your business tax returns, and understand the rules related to your state and industry. You cannot rely on social media platforms for your tax advice!
As always, the Huddle Guys are here to help beyond this podcast. Looking for a CPA? Consider Eric and Ignatius for your services. Visit their websites and see how one of their firms can help you.
www.pierreaccounting.comwww.iljcpa.com
It’s time to huddle up!
This episode is fast, fun, and informative! Eric and & Ignatius kick it off by talking everything from sports to baseball caps to Las Vegas Rules to Travis Scott...all with connections back to money management. The Huddle Guys are also joined by Rory Henry, Director of Business Development for Arrowroot Family Office which provides the family office approach to holistic wealth management regardless of the size of a client’s net worth. Rory is so engaging; he really joins the show as a third host!
This discussion is not just for the ultra-rich; this concept is for everyone, and yes, that includes you! Listen as the Huddle Guys give tips on how to transition from a saver to an investor. And if you are an investor, learn how to diversify your portfolio and think outside of the box with your investment options. To the latter point, the Huddle Guys balance the discussion with focus on the long game and some watchouts around investment ‘fads.’ Remember, it is never too late or too early to start investing.
The Huddle Guys are here to help beyond this podcast. Looking for a CPA? Consider Eric and Ignatius for your services. Visit their websites and see how one of their firms can help you. www.pierreaccounting.com www.iljcpa.com
It’s time to huddle up!
Have you heard of ‘Christmas in July’? Well, if you enjoy ‘celebrating’ the year-end holidays during the summer months by cashing in on retail sales events and binging on holiday movies while outside temperatures are soaring, then year-end tax planning in July may be right up your alley.
Listen as the Huddle Guys discuss the ambiguities related to this tax filing season, as bills related to the tax code are still making their way through Congress. Will tax rates be raised? Will the capital gains tax increase? (Checkout Eric’s wager on this topic!) What will be the tax impact on cryptocurrency? Are Qualified Opportunity Zones still available (a #throwback reference to Episode #3)?
There are clearly more questions than answers; don’t wait until the tax filing season to get answers. The Huddle Guys help you to consider what steps you can take to lower your year-end tax bill.
Looking for a CPA? Consider Eric and Ignatius for your services. Visit their websites and see how one of their firms can help you. www.pierreaccounting.com www.iljcpa.com
It’s time to huddle up!
To our loyal Huddle listeners, you will hear that Ignatius is returning from the AICPA ENGAGE 2021 Conference that was recently held in Las Vegas. He, however, is excited to join Eric as they talk with John Murray, CFP, (Certified Financial Planner). John has a career in the financial services industry that spans about 40 years. He specializes in life insurance product offerings, with specific focus on how they can be leveraged to support charitable causes. John espouses, “Leveraging Your Legacy While Building Charities.”
The Huddle Guys recognize that life insurance is not always a popular topic, or one that is easy for many to discuss. John, however, brings practical wisdom to the subject for those who are seeking to learn more about how life insurance benefits families and business owners, and what types of products and coverages are best suited for your end goals. John provides advice for professional athletes who are considering their options in this space. On a fun note, John is also a golf enthusiast who played for the University of Texas. His best tournament score was a 65. Maybe the next time the Huddle Guys meet with John, they can do so on the golf course. It’s time to huddle up!
Loyal listeners to CPA Huddle know that The Huddle Guys are passionate about taxes. They love what their work and servicing their clients. In this episode, Eric and Ignatius are fired up about a recent article highlighting the tax rate disparities that continue to favor the super-duper wealthy. The article cites that the tax rate for Steve Ballmer (owner of the Los Angeles Clippers NBA Team) is approximately 1/3 of the rate of LeBron James (Los Angeles Lakers superstar player who makes significantly by comparison), and is even less than someone who makes approximately $45,000. How is this possible? The answer is not simple, and one that you can ponder for years. Your focus should be on working with a CPA who provides the best advice based on your financial reality, guiding you to take advantage of all deductions and credits that apply to you and your business. The Huddle Guys also remind us about the long game...the importance of saving for retirement, starting now! This episode will have you asking, how are you building and protecting your wealth?
It’s time to huddle up!
Reference Article: https://www.propublica.org/article/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes
On this episode, The Huddle Guys tell us “it takes money to make money” and welcome former NFL wide receiver J. R. Tolver. He currently shares with us his interest in business infrastructure. He has a company, Athlete LLC to help other athletes who may want to create a business with their name and how to make sure it is successful. The questions J.R. likes to answer are- How am I going to set up my business in a way that my business can handle any gains or losses. Today we discuss teaching the flow of how a business can work in your favor, if done correctly. J.R helps athletes do it right the first time and manage their money correctly with the right resources.
Listen to this episode and at the end of the day you’ll be set to win. It’s time to huddle up!
J.R Tolver Links-
Athlete LLC.:https://athletellc.com/
Linkedin:https://www.linkedin.com/in/jrtolver
The Huddle Guys remind each of us to #payyourselffirst by reviewing the benefits of retirement accounts as a savings function and the differences you’ll see amongst the plans. The Huddle Guys also talk about investments made by well-known investors and their outcomes…a conversation that lights a fire for Ignatius relative to how the information is reported by certain news publications. And Eric discusses hardships endured by his clients over the last year and the effects of the pandemic on small and large businesses. This information may be a part of your experience too or serve as watchouts to drive different decisions related to your savings and investments.
As always, remember that having a good CPA in your corner is invaluable. Where your money is going and is it growing? Your CPA can help you to answer those questions. It’s time to Huddle Up!
On this episode, The Huddle Guys talk with Lorenzo Alexander. Lorenzo played college football for the University of California at Berkeley, and then played for several NFL teams include the Carolina Panthers, Baltimore Ravens, Washington, Arizona Cardinals, Oakland Raiders, and the Buffalo Bills.
While his ties to football are exciting to our sports fans, this Huddle focuses more on how Lorenzo made smart money moves to build a strong foundation for the future; and his choices not to indulge in a lavish lifestyle that a career in professional sports can fuel...for a very short period of time. Lorenzo and The Huddle Guys share practical advice on investments to consider, and pitfalls to avoid.
You do not have to be a current/former professional athlete (or rich) to benefit from this information. Wealth builds over time. A college student beginning a career in banking, or accounting, or marketing has the same opportunity to construct a solid, prosperous financial future. And even if you are starting later in life, you can still save for a more comfortable retirement and start the cycle of generational wealth for your family.
It’s time to huddle up!
It is often said, “With more money, you have more problems.” This episode actually challenges this statement, from a tax perspective. Listen as The Huddle Guys discuss how current tax laws tend to favor the wealthy and are not designed for the wage worker. They talk about tax implications as it pertains to realized/unrealized gains and wealth transfers. In tandem, they also revisit the importance in making smart money moves and investing in working with the right CPA.
As a resource boost, check out this CNBC article which features our very own Eric Pierre:
https://www.cnbc.com/2021/05/19/president-biden-and-vp-harris-release-2020-tax-returns-what-we-learned.html There is a lot to absorb in the episode. Prepare to take notes. Lastly, how many podcasts have you listened to recently that have used the word, ‘loquacious?’
It’s time to huddle up!
On this episode, The Huddle Guys talk with Jina Eitenne about diversity in the CPA profession (or the lack thereof). Jina is a Diversity & Inclusion consultant, speaker and trainer. She creates training programs and workshops on inclusive leadership, unconscious bias, conscious communications, cultural sensitivity and inclusivity, understanding authenticity and fostering belonging. Jina also provides executive coaching for business leaders, managers, and entrepreneurs to help them improve workplace relationships, team performance and interpersonal effectiveness to lead an increasingly diverse workforce.
Listen as The Huddle Guys discuss reasons for the lack of diversity within the CPA profession, and the related misconceptions and unconscious biases. The topics discussed may also resonate with those in other industries and professions. It’s time to huddle up!
Jina Eitenne:
Linkedin:https://www.linkedin.com/in/etiennejina/
Consulting:https://www.etienneconsulting.com/about
Twitter:https://twitter.com/MissTaxCat?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
On this episode, The Huddle Guys skip the typical Huddle talk and welcome their first guest, John Garrett. John is a leading Thought Provoker and Notre Dame grad-turned-CPA-turned-stand-up-comedian who is the author of, What’s Your And?: Unlock the Person Within the Professional. In his book, John reminds us that we are not defined by our titles or our jobs; our passions are our connections to our purpose and cause us to create more powerful relationships with those whom we work with.
This episode will get you thinking (and laughing!), and you will be inspired to discover and lean into your special talents. It’s time to huddle up
John Garrett - Named Top 100 Most Influential by Accounting Today
Unlock the person within the professional! My message encourages everyone to find and share the things that ignite them so we can all thrive at work.
In addition to being a hilarious speaker and conference emcee, I stay busy with:
•Podcast: Professionals who aren't "stereotypical" on What's Your 'And'?
•Video: Learn more about John's message
•Book: Author of What's Your 'And'?: Unlock the Person Within the Professional
The Huddle Guys are back (with their new mics!) after taking a week off to rest after the recent tax season. In this episode, they discuss the most common mistakes they see clients and preparers make when preparing tax returns. The advice they share serves as a great reminder for all involved to be engaged and attentive during this very important process. And when in doubt, ask questions and seek clarification...don’t make assumptions.
If you are a proponent of learning from (instead of repeating) the mistakes of others, this episode is for you.
It’s time to huddle up!
The Huddle Guys are coming up for air after an intense tax season. So, it makes sense that this episode connects to the topic of vacations. As the Huddle Guys state, “Business owners don’t take vacations, they take business trips.” Listen as the Huddle Guys provide tips on how you can write off your business-related travel expenses for tax purposes...a very popular topic with their clients.
On a high level, travel expenses typically fall into the categories of transportation, lodging, and meals. As with all tax-related issues, documentation is key. The Huddle Guys share advice on how to properly document your expenses as they are incurred, instead of relying on your memory during tax filing season. They cover everything from conferences to cruises.
If you are gearing up for the summer travel season and traveling for business, you should tune into this episode. And if you have questions regarding business travel, it’s best to ask your CPA before the trip occurs.
It’s time to huddle up!
If the Huddle Guys sound tired in this episode, it is because they are! This recording was made 4 days before the tax filing deadline, but that would not stop them from sharing advice about entity structures. The Huddle Guys give a high-level overview of the most common business entities and their tax implications. This includes sole proprietorships, partnerships, LLCs, and corporations.
At the beginning, in Eric’s self-described ‘story time segment,’ we are provided with the important reminder to review our tax returns. It is our responsibility, not our CPA’s. Our review (or lack thereof) can have serious implications. And remember, your CPA is not a mind reader!
Check out Eric’s website www.pierreaccounting.com for some helpful information about paying your taxes online. And Ignatius’ YouTube as resources too.
It’s time to huddle up!
In this episode, the Huddle Guys talk about paying your kids…yes, you heard that correctly…putting your kids on the payroll. This topic is explored from the vantage point of business owners who want to explore ways for providing income to your children, with tax benefits to boot.
The Huddle Guys discuss strategies that allow for you to do this the correct way; this is less about providing a paycheck for your children, but ties more to concepts surrounding generational wealth, and transferring in a way that has tax benefits to all involved.
This is not a topic just for the super wealthy. This is a matter of applying proven wealth strategies regardless of your economic status. Small business owners listen up! The advice shared in this episode may have positive, lasting impact on your children and your business. Talk about a win-win!
Children of business owners, this is definitely an episode to share with your parents. It’s time to huddle up!
“Someday is not a day of the week.” Janet Dailey
For many, there is something about procrastination and taxes that go hand in hand. Even those who are not naturally inclined to procrastinate can be prone to ‘kick the tax soda can’ down the road.
The Huddle Guys, (aka the 2 Tired CPAs) are burning the candle at both ends for their clients as we move closer to the May 17th filing deadline. If you have not yet filed your return, you are actually in luck because the Huddle Guys dedicated this episode to sharing some last-minute tax filing tips.
The Huddle Guys also remind us to be kind to our tax professionals! According to the Huddle Guysit is not okay to text your CPA at 6:00 am. Who knew?!! And maybe lighten up on the frantic emails too.
If you are still in need of a CPA for this tax season, consider Eric and Ignatius for your services. Visit their websites and see how one of their firms can help you. www.pierreaccounting.com & www.iljcpa.com
It’s time to huddle up!
In this episode, the Huddle Guys share some basic money ‘blocking & tackling’ concepts through a discussion of financial literacy. The term financial literacy refers to the skills, smarts, and savvy that you possess that drive your ability to make informed, sound financial decisions.
April is Financial Literacy Month (there appears to be a month for everything!), which serves as an opportunity to review your current financial state and to make improvements towards creating a more secure financial future for you and your business. Parents and caregivers, this is also a prompt to review money and investing concepts with your children and loved ones. It is never too early to flex your financial literacy muscle!
A focus on financial literacy should not only happen in the month of April. In addition to the sage advice provided by the Huddle Guys, check out this article with ideas on how to keep your momentum going year round:https://www.forbes.com/advisor/banking/national-financial-literacy-month-celebrate-learn-share/.
And no episode is complete without a little fun with the Huddle Guys. Listeners, chime in and tell us who has the sexier radio voice, Ignatius or Eric!
It’s time to huddle up
In this episode, the Huddle Guys discuss a tax credit known as the Employee Retention Credit (ERC). The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including modifying and extending the ERC through June 30, 2021.
In short, the ERC is a refundable tax credit that MAY be available to business owners in a cash payment. This is great news for business owners!
Listen as the Huddle Guys break down the details of the ERC, the applicable amounts and timing and how you may benefit. As an added bonus, Eric shares a few lesser known facts about Austin, Texas (ATX), Central Texas, and Southern rap music.
It’s time to huddle up!
In this episode, the Huddle Guys discuss cryptocurrency. If you are already lost on this topic...hold tight; Ignatius and Eric will dial down into this subject with ease, with particular focus on the tax implications related to cryptocurrency.
To some (including Eric!) cryptocurrency is ‘funny money.’ Something out of a sci-fi movie. Simply put, cryptocurrency is digital or virtual currency. And it is real, with very real considerations for your tax filings.
The Huddle Guys are seeing more cryptocurrency transactions in their clients’ portfolios. The IRS is taking notice on this topic too. Documentation is key for recording your digital wallet transactions.
Listen as the Huddle Guys share their insights about this increasingly popular genre of currency. If you are already navigating the cryptocurrency waters, their advice will help to keep you on track, from a tax perspective. If you are new to this space, the information they share can help you make sound decisions as you start find your way in this new medium of exchange.
It’s time to huddle up!
Does selecting a CPA who is best suited to meet your personal and business needs feel like a daunting task? For some it can be. If you are lucky, you may get a solid referral from your network; others may have to do the legwork on their own.
Whether you fall into the former or latter category, Eric Pierre and Ignatius Jackson provide 9 tips (8 + a bonus!) to guide your process to select a CPA. From license verification, to technical expertise, to the relationship...there is a lot to consider. Obviously, price for services is also a concern when engaging a service provider. Pay particular attention to the watch out associated with focusing solely on price for the services provided by a CPA.
In typical Huddle Guys fashion, they share advice in a fun way that is easy to understand, supported by real-life examples that we can all learn from.
And of course, you should consider Eric and Ignatius for your services. Visit their websites and see how one of their firms can help you. www.pierreaccounting.com & www.iljcpa.com
It’s time to huddle up
The American Rescue Plan Act of 2021 aka the Covid-19 Stimulus Package aka American Rescue Plan is the $1.9 trillion economic stimulus bill enacted on March 11, 2021.
You don’t need to know all the names for the Act, or all the details, but the Huddle Guys are here to help you understand what parts may be relevant to your bottom line. For many, that can be the 2021 revisions to the Child Tax Credit.
Before Eric and Ignatious jump into the focus of this episode they have an update for early tax return filers that received unemployment benefits in 2020…the ARP may adjust the amount of that benefit that was taxable. Business owners, Employee Retention Credit, There is a lot covered in this episode. Get pen and paper ready…and add the Huddle Guys to your speed dial. It’s time to huddle up!
CPA Huddle is the fun, fast-paced podcast that simplifies accounting and tax trends for everyone. This podcast is a time efficient resource hub that will increase your money management IQ.
Are you interested in exploring the possibility for tax savings? Then tune into this episode as Eric and Ignatius discuss Opportunity Zones. These ‘O-Zones’, have nothing to do with air quality, but they have lots do with the quality of your bottom line.
The Huddle Guys unpack:
The WIIFM (What’s In It For Me?) for Opportunity Zones.
Types of investments that qualify.
The timeframe related to investment qualification.
The timing for O-Zone elections for tax filings.
Eligible gains.
This brief segment may set you up for some favorable outcomes in this tax filing season. It’s time to huddle up!
As you start to listen to this podcast, please note the addendum at the top. Since the recording of this episode, there have been updates to the Paycheck Protection Program - PPP Program. In the supplemental information provided, Eric and Ignatius will point out a few of the modifications since the original recording and make brief mention to the American Rescue Plan (ARP), recently passed by Congress.
In this episode, Eric and Ignatius discuss some key components of the Coronavirus Aid, Relief, and Economic Security - CARES Act, that may impact your personal finances and your business. They tag team topics including PPP, Economic Injury Disaster Loans, theEmployer Retention Credit, and the Family First Coronavirus Response Act.
This year’s tax filing season has uncharted territory. The Huddle Guys will help you get ready by highlighting areas of potential focus. Over the past year, economic issues moved quickly, and they were sometimes ambiguous and confusing. The Huddle Guys are going to slow the cadence a bit and tighten in on a few key issues that you can take action on.
Grab your coffee tea, or energy drink and listen in. It’s time to huddle up!
Welcome to CPA Huddle the fun, fast-paced podcast that simplifies accounting and tax trends.
In this inaugural episode you will meet, Eric Pierre and Ignatius Jackson. Both are experienced, highly respected CPAs with a knack for unpacking a myriad of complex money topics that impact your financial bottom line. With their smart, easy style, the ‘Huddle Guys’ translate tax and accounting ‘hot topics’ into language that we can all understand.
They discuss their paths to become CPAs, why they launched this podcast, and their steadfast commitment to being mentors and stewards for diversity, equity, and inclusion.
This podcast is for everyone...working professionals, household managers, retirees, business owners, professional athletes, retired athletes, boomerangs, college students...YOU!
CPA Huddle is your time efficient resource hub that will increase your money management IQ. Subscribe where you consume your podcasts.
It’s time to huddle up!