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Vast Voice produced by VastSolutionsGroup.com

Vast Voice produced by VastSolutionsGroup.com

By VastSolutionsGroup.com
Our podcast is engineered by entrepreneurs for entrepreneurs helping them to pay the RIGHT amount of taxes using proprietary artificial intelligence technology.
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2021 IRS Top 10 Tax Tips
People think April 15th is Tax Time but actually if you get things organized at that time it is too late. Get ready now — June, July, August. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. However, according to the Internal Revenue Service (IRS), the process can be simpler than you may think if you attack it the right way.
07:53
August 19, 2021
What is an IRA?
On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com. Join us, as Kenner explains IRA's plus the advantages of having them. The known definition of IRA's are individual retirement accounts (IRA) which are tax-advantaged accounts that individuals use to save and invest for retirement. Are you maximizing your retirement potential? As always, one of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings. This includes looking at their qualified plans. If you have any questions on this podcast or just questions in general. Please reach us at: VastSolutionsGroup.com Phone: (888) 808-8278 Extension: 701  Email: admin@vastsolutionsgroup.com Monday-Thursday 8:00 AM – 5:00 PM (Pacific) Thank you for listening!
09:57
August 5, 2021
Strategies to Help Lower Tax Liability for Entrepreneurs NOW
On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com. Join us, as Kenner delves into some unique tax strategies that can be utilized to lower tax liability for entrepreneurs. Whether you are an established entrepreneur or starting a side hustle to supplement your income.   As always, one of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings.  If you have any questions on this podcast or just questions in general. Please reach us at: VastSolutionsGroup.com Phone: (888) 808-8278 Extension: 701 Email: admin@vastsolutionsgroup.com Monday-Thursday 8:00 AM – 5:00 PM (Pacific) Thank you for listening!
19:42
July 29, 2021
Five Easy Essential Tax Tips for Entrepreneurs
On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com. Join us, as Kenner outlines Five Easy Essential Tax Tips for Entrepreneurs.  1) Tax Harvesting 2) Using Long Term Capital Gains vs short term capital gains 3) IRA contributions 4) Using backdoor Roth IRAs 5) Qualified plans One of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings. If you have any questions on this podcast or just questions in general. Please reach us at: VastSolutionsGroup.com Phone: (888) 808-8278 Extension: 701 Email: admin@vastsolutionsgroup.com Monday-Thursday 8:00 AM – 5:00 PM (Pacific) Thank you for listening!
15:01
July 22, 2021
Top Tax Savings Tips for Entrepreneurs
On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com. Join us on this podcast, as Kenner outlines the top tax tips that has helped VastSolutionsGroup.com save their clients a wealth of taxes for their businesses. We will touch upon: 5) Qualified retirement plans - 401(k)s 4) 831(b) 3) Roth IRA Conversions 2) 453(a) 1) R&D Tax Credits If you have any questions or would like a complimentary one hour tax review you can reach our office at: VastSolutionsGroup.com Phone: (888) 808-8278 Extension: 701 Email: admin@vastsolutionsgroup.com Monday-Thursday 8:00 AM – 5:00 PM (Pacific) Thank you for listening!
19:12
July 15, 2021
News for New Business Owners: A Lawyer's Podcast
On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com and Asset protection attorney Robert “Bob” Bluhm of the Asset Defense Team. Join us as Attorney Bob Bluhm explains how to use legal entities to reduce liability and lower the risk of being sued, with a brief introduction to entities and their meanings.  If you have any questions on this podcast or just questions in general. Please reach us at: VastSolutionsGroup.com Phone: (888) 808-8278 Extension: 701 Email: admin@vastsolutionsgroup.com Monday-Thursday 8:00 AM – 5:00 PM (Pacific) Thank you for listening!
24:45
July 8, 2021
Cryptocurrency and the IRS
So much confusion about cryptocurrency and how the IRS judges it. This podcast outlines some of the specifics surrounding the cryptocurrency world which is becoming so popular and appears to be mainstream with the IRS will help investors tremendously. This was the first podcast of its kind on the green room platform to be live and include tax issues.
06:33
July 1, 2021
Have questions about your S-Corp Salary? Answers are here!
The IRS has given little guidance about the “right” amount of S corp salary. This episode provides some guidance.
04:58
April 15, 2021
Wills 101
Everyone with property or children should have a will. It is especially important if you have children, since a will can provide instruction of your wishes regarding who will take care of your children. A will must meet several requirements in order to be considered legally valid: There must be testamentary intent. This is fancy way of saying that the will was created with the intention of acting as a will and this fact is understood by the testator. The testator is required to have testamentary capacity at the time of signing the will. That means the extent and nature of the property in the will must be understood. The distribution of the property must also be understood. The will must be executed freely. This means the testator cannot be under undue influence, duress, or fraud. It must be signed. Depending on the state, this may include a notary or witnesses. Just as with estate planning in general, wills also have their own terminology that the average person isn’t exposed to on a regular basis. Understanding these terms will greatly increase you understanding of wills in general.
07:16
April 8, 2021
Seven Steps to Organizing Finances for the Entrepreneur
7 Steps to Organizing Your Finances You might not consider yourself to be an organized person, but your finances are the last place you want to be disorganized. Having too little cash at the end of the month is a challenge, but overdraft fees and late fees every month are an even bigger concern. By getting organized you dramatically cut down on the likelihood of these things happening. Follow these steps and you'll be more organized that you ever thought you could be: Look at your budget every month. Ensure that your budget is accurate. No two months are ever the same, so be sure your budget reflects reality for the upcoming month. For example, electricity bills can be much higher in the summer if you use air conditioning or in the winter if you have the heat turned up. If you don’t have a budget, make one now! There are an unlimited number of resources available to make the job a lot easier. Budgets are critical. Your budget is your key to having your money work for you! Utilize financial software. Some of the software available now can really help you to get organized, track your spending and bills, and help with budgeting. Many programs are free. You might actually find working with your money to be enjoyable when you can use a computer and specialized software. It’s a whole different experience than laboring over your hand-written figures on paper. Keep all your bills in one place. Avoid leaving some of them on the kitchen counter, some in the junk drawer, and some on the desk. Having one specific location for all your bills will ensure that nothing gets lost, and it’ll also give you the best chance to ensure that everything gets paid on time. Store your bills close to where you normally sit and pay them. Keep them out in the open where you can see them regularly. When you're done paying them, retain any records you need and shred everything else to protect yourself from identity theft. Pay your bills weekly. Each week, pay any bills that are due in the next couple of weeks. Choose a day and make a habit of paying your bills on that same day each week. Developing good habits is a big part of staying organized. Make a checklist of your bills. This should include all your recurring bills. Then, when the bill arrives, you can note the day it arrived, the amount due, the date it's due, and the day you actually paid it. Any non-recurring bills can be added to the checklist when they arrive. Communicate regularly with anyone who shares your account(s). Whoever pays the bills needs to know what the other person is doing with the account. Develop a system to ensure that the bill payer is kept in the loop at all times. Financial matters can be a source of stress in relationships, so work out an effective system before it becomes a challenge. Have two accounts. Mishaps are a lot less likely to happen if you have one account that is only used to pay bills. Use a separate account for everything else.
07:16
April 1, 2021
Custom warranty programs
In today’s ever changing environment, it’s important for any successful business to develop a competitive advantage in the marketplace and mitigate the risks that come along with day-to-day operations. Customers are looking for added benefits when choosing a product and, with the amount of competition in the marketplace, customer retention is becoming increasingly difficult. Custom warranty programs were created with these things in mind. They are warranty programs modeled after those used in other industries and applied to any specific product a business offers. There are several warranty programs currently being utilized by businesses today, however, these programs tend be costly and time consuming for a small to mid-sized business to implement effectively. Retailers such as Best Buy allow you to purchase an additional warranty that covers damage to an electronic device excluded by the manufacturer’s warranty, such as accidental damage. In the auto industry dealerships offer extended drivetrain warranties and tire companies offer warranties for every new tire purchased. The programs allow any size business that manufactures, distributes, or sells a tangible product to build a warranty program. Not only is it a strong marketing tool, but it also allows the business to generate an additional source of revenue. Because of the simple application requirements and a transparent claims process, customers have an increased value of the services offered, leading to greater customer retention. This gives the businesses a strong competitive advantage within the marketplace. Implementing the custom warranty program also highlights the business’s inefficiencies, allowing the owners to understand what products have the highest warranty claims.
06:53
March 25, 2021
Travel related deductible business expenses
When traveling for business related purposes, the majority of your expenses are deductible. Costs ranging from your plane ticket, a portion of your meals, lodging and even entertainment are tax deductible.
06:36
March 18, 2021
Tax Deductible Home Office Deductions
In addition to receiving a tax deduction for the portion of your home expenses that applies to your home office, these expenses for your home office are also tax deductible: 1. Phone. In order to write off your phone expenses, you'll need to separate your home line from your business line. If you're seeking a landline phone, you can score a deal for about $30 per month. However, you can also get a second line for your cell phone in order to offer you more flexibility as to when and where you take business calls. • An affordable alternative to a landline phone would be MagicJack. It costs $40 for the initial purchase of the device. And the recurring costs are $19.95 per year thereafter. MagicJack operates under VOIP (Voice over Internet Protocol); therefore you need to plug it into a computer in order to turn on the reception for your phone. • If you need more mobility, most cell phone companies allow you to add an additional line to your account for as little as $10 per month and you can share the minutes given on your primary line. 2. Internet. Whether you work strictly from home or work on your business from home during your spare time, it's highly unlikely that 100% of your internet use is strictly for work related purposes. Therefore, you won't be able to deduct your internet bill in its entirety. • Deduct your internet charges according to the percentage of its usage that is dedicated to your business use. 3. Home office furniture and equipment. You can also take deductions for your home office furniture and equipment designated for business use: • Desks, chairs, and other furniture • Filing cabinets • Computers and monitors • Laptops • Printers • Fax machines • Software you need for your business 4. Maintenance and repairs. Any maintenance and repairs strictly for your home office, such as new carpet or paint in the office space, is 100% tax deductible for your business. 5. Your child's allowance. Pay your children for keeping the home office tidy. Even a small child can dust the desk and computer! It encourages responsibility in your children and you get a tax deduction for what you pay them. • Let older children help you keep your files, papers, and receipts organized. They can even enter your daily income and expenses into your bookkeeping software. • If your child is under age 17, you can employ them without paying social security on their wages.
05:51
March 11, 2021
Ten Retirement Plan Errors - Don’t make them!!
Don’t be the Entrepreneur who makes these mistakes that seemingly everyone makes. Listen to this podcast to learn how to not make the same mistakes that so many entrepreneurs make in there entrepreneurial journey.
06:37
March 4, 2021
Estate Planning 101: Time to learn about the thing you keep putting off!!
Estate planning is the thing that people have heard of but really do not know what it is.  Is it law, legal, finance, etc?  Well, it is all those things and more.  This podcast will provide the basics and essentials of estate planning so you have a foundational knowledge of the very important topic.
09:15
February 25, 2021
Advantages of being an Entrepreneur
Entrepreneurs have it good and have it bad. People in many ways do not realize that the good far outweighs the bad - by a long shot. Listen to this podcast to learn more.
04:36
February 18, 2021
Calling Entrepreneurs who Want lower Risk and lower Taxes. Listen up!
With the consistent year over year growth of data breaches, it’s becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.
08:27
February 11, 2021
Clubhouse and Free Tax Advice: YES!
Do you want to get your tax questions answered by some leading tax experts for free, that’s free?  Again, free?  One extremely innovative way to do that is by joining the app Clubhouse that everyone is talking about.  Join Clubhouse for free and have your tax questions answered for free.  Not bad, huh? Clubhouse is a San Francisco-based social media app that was founded by Paul Davison and Rohan Seth in March 2020. As a matter of fact, one of my friends is an early investor.  The app is voice-based where people can create or join voice chat rooms. These chat rooms appear based on who users follow. And users, once in a voice chat room, can listen to a conversation or they can be invited to speak through a "raise hand" feature. The room's creator can also "tap" a person to allow them to more actively participate. As of today, Clubhouse has gained a lot of interest while remaining in beta and requiring an invite to join. Part of the interest has grown out of the guests which have held conversations through Clubhouse, including Mark Cuban, Jack Dorsey, Eric Siu, MC Hammer, Marc Andreessen, Matt Andrews, Grant Cordone, and Kevin Hart. Some conversations with individuals have been curated, such as MC Hammer's discussion of the effect of Coronavirus on prison populations. Part of the interest in Clubhouse, besides these conversations, has come from these individual's tweeting for people to join their conversations.
05:26
January 31, 2021
S Corp specifics
Save tax money by starting an S Corp!
16:11
January 28, 2021
Get Started In Commercial Real Estate
Many investors believe that all commercial real estate is too complicated for them. Another common belief is that you need a million dollars to get started. Neither is true. It’s possible to invest in commercial real estate with zero investing experience and an average salary. Commercial real estate can be a safer and easier investment than single family homes. Commercial real estate encompasses a wider range of properties than many beginning investors realize. Really, commercial real estate is not as daunting as people think.  People really can make real money as an investor in commercial real estate. 
07:26
January 28, 2021
Captives and 831(b)s: A Risk Reduction Strategy Second to None
With the consistent year over year growth of data breaches, it’s becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.
06:39
January 21, 2021
The Entrepreneur's Ultimate Tool Kit - Insurance Secrets (Twelve of a Twelve Part Series)
As you consider the wide range of life insurance coverage available, you may wonder what type really fits your needs now, and what will suit your needs in the future. A good, first step is to ask yourself why you are buying insurance, and how it will fill your personal and family financial security requirements. Do you want insurance to cover a new home or mortgage? A college education? A business investment? Your retirement? Your final expenses? Once you have the answers, you can look at the basic types of coverage, whole life, universal life, and term.
13:49
January 14, 2021
The Entrepreneur's Ultimate Tool Kit - Estate Planning Trusts (Eleven in Twelve Part Series)
Many of us may perceive trusts as a complex subject better left to wealthy people. However, a trust is simply a contract initiated by a grantor who agrees to transfer assets to a beneficiary, who then receives the assets as stipulated in the trust contract. A trustee, who may also be the grantor, manages the trust assets and ensures the stipulated terms of the trust are faithfully executed.
09:00
January 7, 2021
The Entrepreneur's Ultimate Tool Kit - Glossary of 401(k) Terms (Ten of Twelve Part Series)
You new to the 401(k) world? You need to brush up on your qualified plan terms? You simply interested in learning a bit about all the terms involved with 401(k)s and other qualified plans? If so, this article is for you. Otherwise, move on. It could put you to sleep :).
11:32
December 17, 2020
The Entrepreneur's Ultimate Tool Kit - Tax Deduction Reminders (Nine of a Twelve Part Series)
Being a small-business owner isn’t easy. After all, balancing payroll, managing employees, drawing up marketing plans, and handling the bookkeeping can be stressful! Luckily, the Internal Revenue Service (I.R.S.) allows small-business owners to take some surprising deductions, which may help come tax time. Read on to learn more.
06:48
December 10, 2020
The Entrepreneur's Ultimate Tool Kit - IRS Tax Tips (Eight of Twelve Part Series)
Even with the best intentions, filing taxes often becomes an event that is put off until the very last minute. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. However, according to the Internal Revenue Service (IRS), the process can be simpler than you may think.
06:03
December 3, 2020
The Entrepreneur's Ultimate Tool Kit - Financial Planning (Seven of Twelve Part Series)
If I am going to San Francisco to Los Angeles without a plan I may end up in Las Vegas.  What happens if I need to be in LA for an important meeting? To see my son?  Maybe to go to Disneyland with my family?  I would miss out.  Without a plan there could be issues.  Same with retirement.  If I do not plan I may just miss out.  By missing out in retirement I may mean having to go back to work.
05:32
November 26, 2020
The Entrepreneur's Ultimate Tool Kit - Financial Tips (Six of Twelve Part Series)
Small businesses owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half of private-sector workers and creating two-thirds of net new jobs, according to federal data.
07:21
November 20, 2020
The Entrepreneur's Ultimate Tool Kit - Smart (Cheap) Marketing Ideas (Five of Twelve Part Series)
Marketing is a challenge when the amount of money your business can afford to spend on advertising and public relations is limited. But with a bit of creativity you may find you do not need a big marketing budget to build your company’s reputation and spread the word about your products and services.
09:22
November 12, 2020
The Entrepreneur's Ultimate Tool Kit - Entrepreneurs CAN Implement AI (Four of Twelve)
If an entrepreneur is not at least thinking about implementing artificial intelligence (AI) they will soon be looking to leave the entrepreneurial ranks soon. Implementing AI is almost as important as a business buying computers — it will be absolutely essential to a company’s success going forward. No doubt.
06:20
November 5, 2020
The Entrepreneur's Ultimate Tool Kit - Business Entity Types (Three of Twelve)
Here’s an overview of the four basic legal forms of ownership for small businesses: sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Sole Proprietorships The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. Sole proprietors own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, the owner is the business. Partnerships In a partnership, two or more people share ownership of a single business. Like proprietorships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions will be made, profits will be shared, disputes will be resolved, how future partners will be admitted to the partnership, how partners can be bought out, or what steps will be taken to dissolve the partnership when needed. Yes, it’s hard to think about a “break-up” when the business is just getting started, but many partnerships split up at times of crisis, and unless there is a defined process, there will be even greater problems. They also must decide up-front how much time and capital each will contribute, etc. Corporations A corporation—chartered by the state in which it is headquartered—is considered by law to be a unique entity, separate and apart from those who own it. A corporation can be taxed; it can be sued; it can enter into contractual agreements. The owners of a corporation are its shareholders. The shareholders elect a board of directors to oversee the major policies and decisions. The corporation has a life of its own and does not dissolve when ownership changes. Subchapter S Corporations AKA S Corps A tax election only, this form of ownership enables the shareholder to treat the earnings and profits as distributions, and have them pass through directly to their personal tax return. The catch here is that the shareholder, if working for the company, must pay herself wages if there is a profit, and those wages must meet standards of “reasonable compensation.” This can vary by geographical region, as well as occupation, but the basic rule is to pay yourself what you would have to pay someone to do your job, as long as there is enough profit. If you do not do this, the IRS can reclassify all of the earnings and profit as wages, and you will be liable for all of the payroll taxes on the total amount. Limited Liability Companies (LLCs) The LLC is a relatively new type of hybrid business structure that is now permissible in most states. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Formation is more complex and formal than that of a general partnership.
09:39
October 29, 2020
The Entrepreneur's Ultimate Tool Kit - A Roadmap (Two of Twelve)
A Brief Entrepreneurial Roadmap to Success Being an entrepreneur rules…but there are rules! Whether you’re planning to start a new business, trying to grow a fledgling business, or working to keep an already established enterprise competitive, your business plan is your “roadmap” toward success. And, since running a business is a little like embarking on a journey without a final destination, it may be necessary to consult, or even reconfigure, your map from time to time.
05:30
October 22, 2020
The Entrepreneur's Ultimate Tool Kit - Hobby to Profit (Part One of Twelve)
Get a Hobby, It Can Make You Rich …and save you taxes! Many people dream of turning their passionate pursuit into a money-making venture. Creating a successful and profitable business is seldom easy, but the Federal government offers tax incentives to business owners that could make converting an avocation into a business start-up an effective part of your overall tax planning strategy. If you are thinking about turning your hobby into a business, you would need to realistically appraise your chances of building a profitable enterprise before you declare yourself a business owner.
07:49
October 15, 2020
Do I Need a Financial Plan?
If I am going to San Francisco to Los Angeles without a plan I may end up in Las Vegas.  What happens if I need to be in LA for an important meeting?  To see my son?  Maybe to go to Disneyland with my family?  I would miss out.  Without a plan there could be issues.  Same with retirement.  If I do not plan I may just miss out.  By missing out in retirement I may mean having to go back to work. Planning personal finances used to be the worry of the wealthy and their worry—usually preservation of wealth—was attended to by teams of trust officers and lawyers. Many of today’s middle class families have different concerns: funding retirement; educating children; protecting assets; and coping with unexpected changes in health, employment, and marital situations. But, whether your goal is to build or protect assets, the sooner you start, the better.
06:23
October 8, 2020
Guaranteed Financing for Commercial Real Estate Loans
Small business owners seeking to purchase or renovate commercial real estate may want to consider the U.S. Small Business Administration’s (SBA) 504 Loan Program. This program provides long-term, fixed-rate financing for small businesses to acquire fixed assets, such as real estate or equipment, for expansion or modernization.
04:47
October 1, 2020
Will You Be Needed In The Future? Artificial Intelligence Answers!
You will learn in twenty years if you are needed any longer.  It is expected in year 2040 that a computer’s action will be indistinguishable from that of a human.  Think about that.  You could be emailing in the year 2040 and truly not know who or  what is on the other end.  Scary.
06:40
September 24, 2020
Entrepreneur, You Need Business Insurance
Since you never know when a disaster may strike causing severe damage and disruption to your business operations, it is important to expect the unexpected and manage your risks accordingly. For that reason, business insurance should be factored into your regular cost of doing business. Generally, the best way to protect yourself and your business against the unforeseen is to prepare before an incident occurs by taking steps to reduce risks and by purchasing the appropriate insurance.
05:30
September 17, 2020
Life Stages and Investment Management
Life Stages and Investment Management Investment management is determined by age! On the way to developing and maintaining your financial well-being, the ability to successfully manage your personal finances will play an important role. A solid financial strategy can help you build a more financially secure future for your family. To start, it is important to have an emergency fund in a separate savings account. Once you have accumulated up to six months’ worth of income to cover housing, food, utilities, transportation costs, etc., you can work toward defining your short- and long-term financial goals, and then constructing a plan to help ensure you meet your objectives.
07:12
September 10, 2020
Top 20 Little Financial Hacks
Here is just a little sampling... 1.  People often have twice the credit they actually need. Avoid temptation by never charging more than 50% of your total credit limit. 2. Join your company’s retirement plan and try to contribute as much as you can, especially when the contribution is made from before-tax earnings. 3. Can you imagine your heirs receiving only half of your hard-earned assets? That’s what could happen if you don’t take estate planning seriously enough.
05:51
September 3, 2020
Top 3 Benefits of Using Artificial Intelligence in Retirement Planning
Whether you realize it or not, artificial intelligence is already part of your everyday life. AI predicts your web searches, personalizes your social media feeds and optimizes your online purchases – just to name a few examples. In the future, it will also play a major role in your long-term financial planning as an entrepreneur.
06:03
August 27, 2020
Forbes.com Countdown: Top 15 Important Small Business Trends We’ll See by the End of 2020.
There is no doubt that 2020 has been a challenging year for small businesses. With the COVID-19 pandemic, racial equality protests and a looming economic recession, the business landscape has been transformed, and new trends are cropping up as a result.
12:49
August 20, 2020
AI on a Budget IS Possible - and Vital!
If an entrepreneur is not at least thinking about implementing artificial intelligence they will soon be looking to leave the entrepreneurial ranks soon. Implementing AI is almost as important as buying computers nowadays. It will absolutely be essential to a company’s success going forward. No doubt!
06:16
August 13, 2020
In-Kind IRA Distributions Can Help You - A Ton!
An in-kind distribution from a traditional IRA is fully taxable, just as a cash distribution from a traditional IRA becomes taxable income. Just how is the cash value of the in-kind withdrawal determined? The fair market value of the asset is reported to the IRS as a step in the distribution
04:11
August 6, 2020
Retirement planning is Insanely Easy – for Artificial Intelligent Computers
Think you can outsmart a computer? Probably not. If we are not as smart as a fifth grader why would you think that you could outsmart a computer that could do billions of calculations per second? That said, why would you want to leave your retirement in the hands of a financial advisor who is not using advanced technologies to help you?
05:31
July 30, 2020
A Ride On The Wealthy Train: Fully Insured Defined Benefit Plans
Pension plans come in all shapes and all sizes. Long favored by employers for a variety of reasons, the defined benefit plan allows an employer to make contributions to a plan that guarantees to pay employees a defined benefit in the future. These plans can equate to large retirement and tax savings savings. If an entrepreneur has no employees, the retirement and tax savings are even bigger.
04:43
July 23, 2020
Countdown: Top 5 Items in the Way of Entrepreneurs’ Retirement
Are you an entrepreneur and it seems like retirement is years and years away? While it may appear this way, you owe it to yourself to look ahead and begin giving thought to a time in your life that may account for 20 or more years of not working.
05:06
July 16, 2020
To Get Rich Entrepreneurs Can Use Solo 401(k)s!
A solo 401(k) is simply one that has no other participants except for the business owner themselves, generally speaking. These can be great ways to amass wealth in today’s competitive environment.  It helps with increasing retirement assets and also potentially lowering tax liability - two good things.
07:03
July 9, 2020
Forbes.com’s Top 15 Countdown of Top Customer Success Metrics for Enterpreneurs.
You as a business owner should know the top 15 metrics you should measure to gauge client satisfaction. This podcast count down was chosen from the editors of Forbes.com from submissions of its esteemed Forbes Business Council.
11:52
July 2, 2020
What is Vesting?
Here we explain what it means to “Vest” in a 401(k) plan.
04:55
June 12, 2020
Yes, You CAN Put Real Estate in an IRA or 401(k) Plan.
So few people know that you, indeed, can put real estate assets in an IRA or 401(k) plan. Sometimes you could potentially have a rate of return as high as 20% per year or even more. It just may be the ticket to you becoming wealthy.
12:17
June 9, 2020
Having a Spouse Can Save You Taxes! Employing Them Can Help!
If you are an owner of a small business employing your spouse and children can potentially help reduce your family’s effective tax rate. What does that mean? That means you can save some dough. Sometimes you can save a lot of money in taxes!
08:56
June 7, 2020
5 “Streets” To Your Retirement: Easy Directions Toward A Relaxing Time!
Do you need a roadmap for your retirement plan? Going without a plan is like driving from New York to Los Angeles without a road map. Do you want to get to your destination don’t you? Same thing for your retirement plan.
07:39
June 5, 2020
10 Essential Tips for Any Entrepreneur
Too many times does an entrepreneur say they are too busy to talk about their personal finances. These tips are must-dos which will help an entrepreneur with their personal finances.
09:43
June 4, 2020
5 Crazy Good Tax Strategies for Entrepreneurs
Every entrepreneur should be thinking about easy solid tax strategies and we have them here...
05:10
June 4, 2020
Surefire Retirement Plans for Solopreneurs!
Solopreneurs (entrepreneurs with no employees) feel like they are alone. They are not. We have 7 surefire ways for them to prepare for retirement and get tax deductions.
09:17
June 4, 2020
A Uni-K Plan Can Make You Wealthy
A good retirement/tax mitigation strategy for an entrepreneur with no employees is called a Uni-K Plan. It’s similar to a 401(k) but no employees are eligible thus making the entrepreneur rich.
08:26
June 4, 2020
Artificial Intelligence Will Make You Wealthy
Do you want to get rich? You could try and do so the old fashion way, and walk there or you could get in a Ferrari and get there quicker. AI is a means to lowering taxes and increasing rates of return. By listen to this audio you will understand the possibilities that are around us for machine learning.
06:13
June 4, 2020
10 Essential Tips to Business Succession Planning
You want to leave a headache to your family when they need them least? Plan youe business succession planning NOW!
12:53
June 4, 2020
Top 10 IRS Tax Tips
Want to know the IRS top 10 tax tips? Listen up and you’ll be glad you did.
05:31
June 4, 2020
Getting the Workforce Back To Work. Now!
As a result of this crazy COVID-19 issue it is of vital importance for many entrepreneurs to get their workforce back up and running so the company can move forward. This podcast gives a few helpful tips in getting workers back to work.
04:44
May 16, 2020
Overlooked Tax Deductions For Small Business Owners
Surely, you wouldn’t be one of the people who are overlooking business deductions even though there are so many entrepreneurs who are doing just that. In this podcast we will discuss a few different business deductions that so many entrepreneurs overlook
05:10
May 16, 2020
The Major Retirement Planning Mistakes Entrepreneurs Make
Don’t fall prey to the major retirement planning mistakes that so many entrepreneurs make. This audio should help you in staying away from some of the all too frequent mistakes.
06:48
May 16, 2020
You Need a (Han) Solo 401(k) Plan
Very briefly here we go into some specifics of solo 401(k)s. Sometimes these can be very flexible and help a small business owner to prepare for retirement while also lowering taxes
05:02
May 16, 2020
Saving Your Parents from Financial Fraud
The time to save your parents from financial fraud begins now. Don’t wait until it’s too late and they’ve lost $100, $1,000, $100,000, or more.
04:56
May 16, 2020
About Vast Solutions Group and Tax and Financial Engineering
In very quick form after we just started doing the podcast we have received a number of questions as to what is tax and financial engineering and what is it that Vast Solutions Group is about. In this quick podcast we outline just a little bit about those two items.
03:34
May 16, 2020
Retiring Single?
There are some real issues to think about when retiring single and this audio will indeed help.
05:54
May 16, 2020
Selling Your Company? Prepare!
In the short audio we go over the specifics of preparing for someone to sell their pride and joy, their business.
06:18
May 16, 2020
Major Risks To Family Wealth
In this podcast we go through a few of the issues confronting those with considerable family wealth. Listening to this podcast might make you take a look at, and better your own, situation.
06:53
May 16, 2020
Estate Planning After a Second Marriage
There are many special considerations after a second marriage as these do provide complexities beyond typical estate planning.
05:05
May 16, 2020
Is Your Company’s 401(k) Any Good?
Two recent court rulings may want you as an entrepreneur to double check your company‘s 401(k) plan to make sure that it is doing exactly what it should be doing
03:49
May 16, 2020
Ten Bad Money Habits Entrepreneurs Need to Break
Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. Listening to this podcast will help you to identify if you’re doing any of these bad money habits.
04:48
May 16, 2020
Are You Committing Financial Illegalities?
We outline a number of things that many people may be currently doing illegal but not realize.
05:23
May 16, 2020
Audit Red Flags
What raises the eyebrows at the Internal Revenue Service?
04:22
May 16, 2020
Midlife Money Errors!
If you are between 40 and 60, beware of the so common financial blunders and assumptions outlined in this podcast.
04:56
May 16, 2020
Reducing the Risk of Outliving Your Money
What steps might help you sustain and grow your retirement money?
04:29
May 16, 2020
Where Will Your Retirement Income Come From?
For many people, retirement income may come from a variety of sources but before that many people may need familiarizing as to where they are.
04:57
May 16, 2020
Hey Entrepreneur, Are You Gonna Get Audited? Likely not!
Of the 330 million people in the US a small fraction get audited. If entrepreneurs aren’t doing anything so why are they so worried?
02:23
May 16, 2020