Trust Us We're Professionals: Recent Episodes
Chris Underwood, Michele Hammann, Chris Kohart
Do you find financial matters terribly confusing? Do you find most financial podcasts incredibly boring? If so, you came to the right podcast.
On the Trust Us We're Professionals podcast, our hosts break down complex financial matters (found in pop culture) for the general public. Even though our hosts are licensed financial professionals, they are not talking to other financial professionals...they're talking to you.
Brought to you by your friends from SSC CPAs + Advisors.
A good board of directors is the engine that makes a non-profit run. But what does a good board of directors look like?
In this rerelease, our experts explore which Disney characters and associated personality traits do (AND DON'T) are best for a non-profit.
Run-DMC, an iconic musical group, best described RMDs (Required Minimum Distributions) in the song "It's Tricky." If you feel like you understand hip-hop lyrics better than you understand what kinds of taxes you will have to pay on the retirement savings that you put away, check this out.
Our professionals bring clarity to what you should do to prepare for the fact that tax deferred is not deferred indefinitely.
Everything has a life cycle; from us humans to a caterpillar to a business. But, while we know how a caterpillar evolves, how does a business? And how do you know which stage they are in?
In our latest, our experts take you on a journey through the life cycles of a business. No nature documentary-esque narration, we promise.
Evaluations, when done well, are extrememly useful to a business. When done poorly, evaluations can create more problems than they solve. However, 360-degree evaluations can be a very constructive way to develop all employees.
In our latest, our experts break down why they should be in every organization's toolbox.
KPI's, or key performance indicators, are to businesses what Moneyball was to baseball; specific analaytics that can help decide how to push a business or organization forward.
More simply, they are a measuable explanation of a specific objective.
In our latest episode, our experts break down the importance of KPI's:
SBA loans may not sound sexy, but they are a unique opportunity for a lot of people to get a loan...especially those that may not otherwise qualify.
But, that doesn't mean the SBA is an ATM.
In our latest episode, our experts break down everything SBA.
A conflict-of-interest can look a lot of different ways....it's not always as simple as "having a lot of problems with you people". When handled properly, however, they can also be easily navigated...without any feats of strength.
In our latest, our experts break down conflicts-of-interest without yelling....Frank Constanza would not approve.
In wealth management, no single question gets asked more by clients than "how much money do I need to retire?"
Seriously, like every day.
So, for our latest podcast, our financial experts decided to answer that question.
Business owners will sometimes get an unexpected offer to buy their business. That's great...but can also cause the panic of "what do I do now" to set in.
In our latest, we guide business owners through the next steps to take and what to consider before making a decision.
In the hit Hulu show, the grumpy head of the Arconia's board really put the whole condo in a bind when she was unexpectedly murdered.
All kidding aside, this scenario does highlight how important it is for a board to have a sound succession plan in place.
Our experts break down why:
Well, a phantom stock plan isn't really a menace at all, but it sounds scary and it's Halloween season, so there you go.
In reality, a phantom stock plan can potentially be a great way to compensate certain employees. In our Halloween special, our experts break it all down.
A 1031 exchange sounds like either a bad timeshare program or a prisoner swap. In reality, it's a like-kind exchange that can potenitally be a savvy way to defer taxes.
But how does it work? In our latest podcast, our experts break it down.
Sports books are now legal in Kansas! And since our firm is based out of Kansas, we thought we would do our fellow Kansians a favor:
In this mini-bonus episode, our finanical experts discuss the tax implications on that 12 team parlay you somehow won at your cousin's bachelor party.
Sports books are now legal in Kansas! And since our firm is based out of Kansas, we thought we would do our fellow Kansians a favor:
In this mini-bonus episode, our finanical experts discuss the tax implications on that 12 team parlay you somehow won at your cousin's bachelor party.
To be or not to be? Why are we here? Do you want fries with that?
There are many age-old questions, but perhaps the greatest...does one buy or lease?
In our latest episode, our financial experts break down the pros and cons for business owners...and really everyone.
To be or not to be? Why are we here? Do you want fries with that?
There are many age-old questions, but perhaps the greatest...does one buy or lease?
In our latest episode, our financial experts break down the pros and cons for business owners...and really everyone.
In a sort of sequel to epsiode 109, our experts will guide you on how to be proactive to make your finances more attractive.
While this is particularly useful when things are volatile, this super smart epsiode will actually help you naviage any financial season.
The hit Netflix show Inventing Anna tackles the true story of a woman who committed identity fraud on (literally) a global scale. And the harsh reality is, identity fraud is becoming more prevalent these days...not less.
So, how does one protect themselves and their business? Our experts break it down.
Groundhog Day. Sliding Doors. Movies that have one thing in common: A single moment can have a domino effect on everything after.
Surprisingly, a financial statement audit, review or compilation is similar...there is a moment where a business realizes they need one.
But how does a business owner know? We break it down in our latest.
You often hear the term earnout with the sale of a business...but what exactly is an earnout? How can/should they be structured? What should people look for? What should people avoid?
In our latest podcast, we debate one of the toughest questions facing the world today:
Whose leadership style is better...Ted Lasso or Roy Kent?
Your office should be involved in the community...just ask Michael Scott from The Office. Yeah, but it seems like a lot of work after you get off work. Is it really worth it? Will it really help my business?
Absolutely, and our experts tell you why.
We continue our series on succession planning by discussing employee stock ownership plans, more commonly referred to as an ESOP.
An ESOP can be incredible, but just like spicy food, it may not be for everyone.
Brought to you by your friends from SSC, an employee-owned company.
It can be overwheleming for entrepreneurs trying to decide how to structure their business...much like it's overwhelming for a 4-year-old to choose an ice cream flavor.
So naturally, our experts decided to make it easy by breaking down types of businesses...and comparing them to ice cream flavors.
In the next entry into our critically acclaimed series on HBO's Succession and succession planning, our experts break down transistioning your business to a third party. Just like Willy Wonka.
We all love the timeless movie The Princess Bride. The drama, the humor, the desire for someone to respond to our every request with "as you wish". But, there are lessons in it beyond just love and happiness. That's right! You can learn a lot about good strategic planning for your organization from The Princess Bride.
Many business owners have worked years to build up their business, and would love nothing more than to have a family member take over when they retire. Most of the time, that means their children. This can be great, but it also presents some unique challenges. Continuing our series on succession planning, we air the dirty laundry when it comes to successful family sucession planning,
Netflix's Squid game says a lot about society, the power of money, desperation, entertainment...and budgeting? You read that right. To our financial experts, the hit television show is a meditation on budgeting.
And meditation is better than killing people. At least that's what we think.
Employee rentention has always been vitally important, but perhaps now more than ever. In our latest episode, we use the classic television show The Office to highlight what you should, and definitely should not do, to keep your employees happy.
If you don't watch HBO's Succession, you're missing out. It's a heck of entertaining ride that highlights some harsh realities with transistioning a business to family members. But that's just one type of succession planning. So, we decided to do a whole series breaking down the subject.
We present to you....Part I.
What better way to celebrate our new season than by going into the dark world of disaster recovery planning. We bring in our resident financial "prepper" to help guide your business through an unexpected event. Risk management. Priority services. Sharknado. We cover it all.
The Season 1 finale is here! We reflect on the past year, tell you what you need to know from a tax planning standpoint, and have plenty of surprises in store.
Crypto can be fun and frightening...just like the classic television show "Tales From The Crypt". So naturally, we decided to merge the two.
In our latest podcast, our experts break down the phenomenon that is cryptocurrency...and possibly attempt The Crypt Keeper's laugh.
We all watched (and loved) the hit series Loki. But did you know, the nexus events in the show actually parallel economic nexus? Wait...what?
That's right! In our latest episode, we break down how Loki (in it's own way) actually explains which state(s) you have to pay sales/income/payroll taxes to.
A good board of directors is the engine that makes a non-profit go. But what does a good board of directors look like?
In our latest episode, our experts use Disney characters to break down the personality traits you want on your board of directors.
Have you ever dropped some change in a fundraising jar by the cashier? Rounded up with your credit card to benefit a non-profit? Always feels like a drop in the economic bucket...and then came the "ice bucket challenge".
In our latest episode, we highlight that viral movement and the vital economic role non-profits play...despite getting very little press.
Ice bucket challenge excluded.
You read that correctly. In our latest episode, we explain how there is no better analogy to getting financing for your small business than Pretty Woman.
What? How? Impossible! Trust us...we're professionals :)
Conservatorships have been in the news a lot recently...because of Britney Spears. However, many people don't understand what a conservatorship really is, or how common they are. Perhaps most importantly, more often than not, they work. Clearly Ms. Spears's conservatorship is toxic.
In our latest episode, our experts take control of the conservatorship conversation and tell you what you need to know.
The Big Short was a great movie...and kinda confusing. Why? Because it covered a very complicated economic situation that even Margot Robbie, in a bathtub, couldn't quite explain.
Thankfully, our licensed financial professionals are here to explain it. Even more thankfully, this is a podcast...so you won't see them do it in a bathtub.
Enron is one of the largest accounting frauds in U.S. history. Most of us remember that, but many of us don't understand the actual ways that Enron "cooked the books".
In our latest episode, our financial experts break down the accounting "fraud triangle" and how Enron got lost in it.
Unfortunately, swindlers are everywhere. Their investment scams are often complex and seemingly "real".
Fortunately, there are warning signs to look out for and tools to help identify these "Ponzi schemes".
In our latest podcast, our financial experts teach you how to be smart and safe with your investments and choosing your financial advisor.
Knives Out showed us Daniel Craig's southern accent, a heck of a good time, and how estate planning typically involves a murder mystery plot.
Ok, only in Hollywood does estate planning involve a murder mystery plot.
But, it did remind our financial experts of how many estates are poorly set up. In the latest Trust Us We're Professionals podcast, our financial experts dice up Knives Out and cut to the core of what estate planning should look like.
Most of us think Shark Tank is pretty entertaining. You get introduced to some cool (and ridiculous) new products, and learn a bit about business. And you get to see Mr. Wonderful...be himself.
But how accurate is it really? Sometimes the valuations can be just as ridiculous as the products. How do some of these companies possibly think they are EVER worth that much?
Our experts dive in (pun intended) and examine all the business acumen being used in the "tank".
Every day, people are faced with many tough "calls". Does one buy or rent? Is it time for a new job? Del Taco or Taco Bell?
However, history has shown us one of the toughest calls, in the history of the universe, is the NFL "catch" rule. It sure looked like a catch...but the officials say no. Why is something so simple been made so complicated?
Which got the financial experts at SSC CPAs + Advisors thinking. There is another set of rules that are just just as ambiguous; the not for profit rules on determining what is (and isn't) revenue.
In this episode, we use the NFL catch rule to help explain the equally complicated process for determining revenue for NFP's.
Licensed financial professionals Chris Underwood, Michele Hammann and Chris Kohart break down the infamous “tax write off” and how it's portrayed in shows like “Seinfeld”, “Schitt’s Creek” and “Young Sheldon”.
Are these shows even somewhat accurate? What are the craziest attempted tax deductions they've ever seen? What are some tax deductions that seem absurd...but are in fact legitimate.
These questions (and more) are answered on the debut episode of the "Trust Us We're Professionals" podcast.
Brought to you by your friends from SSC CPAs + Advisors.