Are you ready to conquer the labyrinth of state and local taxes in the United States? We'll arm you with the knowledge you need in our conversation with Greg Reed, the tax partner at SmartBooks Tax and Advisory. With each of the 50 states brandishing unique tax rules, business owners can be facing a sizeable obligation. Listen in as we dissect the multitude of taxes - from sales to income and the seemingly infinite list that follows. A simple venture into tax compliance can quickly turn into an uphill climb. Together with Greg, we unveil the challenges in registering and sustaining state registrations, the repercussions of non-compliance, and how to steer clear of these traps. We also delve into the implications of the Wayfair decision and its potential to hold businesses accountable for back taxes, penalties, and interest across multiple states. State and local taxes are a fundamental aspect of conducting business. Join us as we unpack the nitty-gritty of these taxes, including minimum taxes, use taxes, property taxes, and payroll taxes. We investigate the tactics employed by states and the impacts of upholding tax compliance in multiple jurisdictions. We'll hear Greg's insights on the best strategies for managing tax compliance, avoiding penalties, and maximizing potential credits and apportionment strategies. Don't miss this opportunity to safeguard your business from weighty compliance issues.Connect with Greg at:smartbookstax.comSponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Promising to whet your appetite, we welcome two-time national champion pitmaster Bill Gillespie to share his insights about barbecue. From exploring the differences between grilling and barbecue, to various equipment options, to cuts of meat that are best for barbecue, Bill guides us through mastering the low and slow cooking process that defines barbecue.In the competitive pits of the American Royal Invitational Barbecue Contest, Bill emerged victorious. For those of you getting your hands dirty for the first time, we address potential challenges and common mistakes like over smoking or frequently opening and closing the smoker door. So grab a seat and tune in to this appetizing exploration into the world of barbecue. Trust us, you won't want to miss a minute of it!Bill's Seasoning and Sauces:www.SmokinHoggz.comSponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Get ready to unlock the power of efficiency and consistency in your small business with the wisdom of our special guest, Chris Gwinn. This episode offers a deep dive into the world of business operations playbooks. We start off by unraveling the essence of these playbooks and how they can be instrumental in fostering scalability in your business. Chris shares some actionable tips on how to build a playbook starting from company information, policies, and then diving into specific processes and roles.Ever wondered how standard operating procedures, key performance indicators, and training programs can revolutionize your business operations? Well, prepare to find out as we dissect these elements and more. You'll hear Chris's personal story of supporting his father's business through the development of playbooks and dashboards. We also delve into the importance of process documentation in building standard operating procedures, and the value of visual elements and examples in making these processes more comprehensible. Finally, let's talk about culture. A playbook isn't just a document, it's a vital part of your company's culture. We'll guide you on how to integrate your playbook into your company's DNA and maintain it to ensure accuracy. Gaining buy-in from top to bottom, and effectively communicating the benefits of the playbook to all your employees is crucial. You'll learn how companies like Great Lakes Advisory can assist in this journey from inception to completion. Connect with Chris at:greatlakesadvisory.comlinkedin.com/in/chris-gwinn-cfa-96383b26Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening!Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Explore the process of closing your accounting books on a monthly basis, which is the prerequisite for being able to have the financial reporting you need to manage your business, with Lindsay Jarosch.Link to download a sample Monthly Closing ChecklistConnect with Lindsay at:https://www.linkedin.com/in/lindsay-jarosch-43481412/To schedule a free consultation visit www.smartbooks.comSponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Explore approaches and tactics that small business owners can employ to pay less tax with Greg Reed.Connect with Greg at:smartbookstax.comSponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Explore the concept of the Fractional Chief Operating Officer (COO) with Jeff Provost of Key Performance Integrators.Connect with Jeff at:https://www.kpintegrators.comhttps://www.linkedin.com/in/jeffreyprovost/Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/

Explore what needs to be done to prepare your business for a successful sale with Glenn Grant.Connect with Glenn at:glenn@selfassembled.comLinkedInSponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com.Thanks for listening! Host Cal Wilder can be reached at:cal@empoweringhealthybusiness.comhttps://www.linkedin.com/in/calvinwilder/