By the Books

CPA's are usually known for their ability with numbers, not their communication skills. So how can you set yourself apart from the crowd and master some basic skills in communication that will help you stand out?In this episode of By the Books, Jeffrey and Lindsay talk about their secrets to being able to communicate and why it has been such a huge selling point for them. They discuss why it's crucial to know your audience, how you can effectively listen, why knowing personality types can benefit you, plus so much more.To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com Subscribe to By the Books on Spotify at https://open.spotify.com/show/1Riy7qT2szBaScWynGfFg9

See a need. Fill a need. It's the ultimate rule to building a business, and it's also a great rule for continuing to expand an already successful business. In this episode of By the Books, Jeffrey and Lindsay are back to discuss lots of new changes at Sakline Bookkeeping and why they're so excited.They also talk about the new offers they have put together that will help CPAs offer bookkeeping as a service to their clients, and how this new offering came to be. They give an inside look into the thought process of having a conversation with a company that gives them that ah-ha moment and then creating that win-win scenario that can work for multiple situations.To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

Not all CPAs are created equal, and it's essential to know when you're choosing the right one for your company.So, how do you know what's right for you?On this episode of By the Books, Linday welcomes Tosin Omotayo, Founder of Omotayo CPA, to talk about why CPAs are different and why businesses need to understand what exactly they need before hiring anyone with a CPA label.They also talk about the importance of careful client selection and determining if their situation indeed requires our services. They share insights and recommendations on how to navigate this decision-making process effectively using real-life scenarios.Plus, they discuss the importance of risk aversion, why, and the implications when seeking tax planning and professional assistance.To learn more or connect with Tosin, visit: omotayocpa.comTo connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

C-Corp, S-Corp, LLC, what should your business be classified as, and what are the potential liability issues by not being within the right classification?In this episode of By the Books, Jeffrey and Lindsay welcome Steve Nay of Daybreak Tax to talk about the world of business entities and taxation and tackle the complexities and challenges faced by small business owners. They discuss why your company's name may not be protected, the difficulties in finding knowledgeable accountants, why so many businesses leave themselves open for potential liability, and the benefits and pitfalls of different entity types. They also discuss the fascinating realm of private equity and the potential opportunities it holds. Plus so much more. Before you register your company, change its name, or even if you're currently a business owner, it's a must listen to make sure you've set things up correctly.To connect with Steve, visit: https://daybreaktax.com/To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

Credit card processing fees can add up quickly for businesses, and often, the solution is passing those fees on to the customers. However, credit card companies like VISA are putting a foot down on what merchants can and can't charge their customers.Trey Rush, Small Business Advocate and Independent Agent and Owner of PayTech Plus, joins Lindsay and Jeffrey in the studio to discuss these new changes, and what every business owner needs to know before processing another payment via credit or debit card.Trey talks about why these new changes may land them in the Supreme Court, but what you need to understand before that happens. He also talks about how they're determining what should and shouldn't be charged and how they're selecting who gets fined.To connect with Trey, visit: [email protected] or call 214-440-1446.To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

Is it time to finally migrate from QuickBooks Desktop to an online version?Many business owners know they need to make the switch but are avoiding the inevitable because it feels like an overwhelming process. However, thanks to experts like Brad White of Varc Solutions, you can easily navigate the different challenges that may come up with the data conversion and migration. In this episode, Brad joins Lindsay and Jeffery to talk about some of the biggest questions clients have when it comes to this transition and what you need to consider before jumping in. He also shares typical frustrations with this software, the difficulties of importing data, and the long wait times for customer support. Brad also offers some insight on what he feels is the future of QuickBooks desktop and whether it will be discontinued in favor of QuickBooks online. Additionally, they discuss the nuances of payroll systems in both versions and how to choose the right solution for your business. To learn more about Brad, visit: https://varcsolutions.com/To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

As you evolve in your business, it’s common to find that your clientele will evolve right with you.In this episode of By The Books, Lindsay and Jeffrey discuss why setting minimums and parameters around the clientele you accept is so important.They also talk about payroll and why this isn’t something a business should try to do by themselves, especially when dealing with remote employees. Keeping up with state employment laws can be a job in and of itself (and it’s exactly what payroll experts do).They also talk about the best business advice Lindsay ever received and why it was so important for her to build a business that didn't require an owner. Even though we may not want to think about the exit of our business, building a business with the exit in mind, sets us up for massive success and freedom.To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650To connect with Lindsay, visit: Sakline.com

Do you network with the sole purpose of getting leads?When it comes to networking, yes, there's definitely a purpose behind it of building your business. However, there are those who network with the thought of actually building relationships that then move into leads. Then there are those who strictly network for the sole purpose of getting a transaction.Jeffrey and Lindsay discuss the difference between transactional networkers and those who actually work to build a relationship, and why the later is so much more important. They also share some stories of transactional networkers they've come across, and why they don't send leads their way.To connect with Jeffrey, visit: payrollguroo.com or call  (214) 551-4650To connect with Lindsay, visit: Sakline.comDisclaimer: The information provided on this website and podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available are for general informational purposes only. Information provided by Sakline may not constitute the most up-to-date legal or other information. Listeners and viewers should contact their attorney to obtain advice with respect to any particular legal matter and should refrain from acting on the basis of this information without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.

When it comes to hiring professional teams for your business, how do you know which ones are the best fit?In this episode of By the Books, Lindsay welcomes her new co-host and long-time friend, Jeffrey Gonzales to the podcast, and they discuss everything you need to know about hiring the right people for your business.When it comes to industries like bookkeeping and CPA's, you can get so many different answers to the same question, that it's important you interview the right amount of people and look for the answers that best align with what you need. Not everyone is going to be a perfect fit, but it's important you find the right fit for you.They talk about the questions you need to ask, and what kind of answers you should look for.To connect with Jeffrey, visit: payrollguroo.comTo connect with Lindsay, visit: Sakline.comSubscribe to By the Books on Apple Podcasts at https://podcasts.apple.com/us/podcast/by-the-books/id1557968628Subscribe to By the Books on Spotify at https://open.spotify.com/show/1Riy7qT2szBaScWynGfFg9Subscribe to By the Books on Google Podcasts at https://podcasts.google.com/feed/aHR0cHM6Ly9ieXRoZWJvb2tzLmxpYnN5bi5jb20vcnNz?sa=X&ved=0CAMQ9sEGahcKEwiYoNjQ3aTwAhUAAAAAHQAAAAAQFADisclaimer: The information provided on this website and podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available are for general informational purposes only. Information provided by Sakline may not constitute the most up-to-date legal or other information. Listeners and viewers should contact their attorney to obtain advice with respect to any particular legal matter and should refrain from acting on the basis of this information without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.

Getting a letter from the IRS can be a business owner’s worst nightmare. And as much as you would love the situation just to go away, the absolute worst thing you can do is to tuck it away in a drawer and hope they will go away. In today's episode of By the Books, Lindsay welcomes Tax Attorney Keith Cothroll. Keith is the guy you hope you never have to call, but someone you want on your side if you should ever need him.Keith talks about some of the biggest mistakes business owners make when it comes to working with the IRS, and why getting him on board immediately could help you save not just a lot of money but also a lot of headaches.He also talks about how to avoid setting off red flags to the IRS, how to track your receipts, and what records are essential to keep. He also talks about why who does your taxes is extremely important. Cheaper is definitely not better when you want your taxes done correctly and trying to avoid the IRS.To connect with Keith, visit:[email protected]://cothlaw.com/https://www.instagram.com/houstontaxattorney/Or call 832.402.4440