Understanding Business Entities & Managing Cash Flow at the Start of the Year
The Accounting & Tax Help Desk
Release Date: 01/17/2025
The Accounting & Tax Help Desk
As a business owner, paying yourself isn’t as simple as cutting a check. In this episode, Hoss breaks down the smartest ways to structure your compensation—whether you're a sole proprietor, LLC, S-Corp, or C-Corp. Learn the difference between salary, owner’s draw, and distributions, and how to avoid the tax and cash flow pitfalls that catch entrepreneurs off guard. Whether you're just getting started or trying to clean up your books, this episode will help you pay yourself the right way. Oh man
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In this episode, Nima breaks down one of the most important financial decisions every business owner must make: cash-based vs. accrual-based accounting. Whether you’re just starting out or scaling up, understanding the difference can save you time, stress, and money. Nima explains: • The core differences between cash and accrual methods • Which businesses benefit from each approach • How to avoid costly IRS mistakes...
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Thinking of expanding your business? Hoss shares why testing your concept first is the smartest move. Don’t invest in growth until you know your business model actually works. This advice is crucial for local entrepreneurs in Southern California looking to scale with confidence.
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Behind on your taxes? Don’t panic—there’s a way out. In this episode of The Accounting and Tax Helpdesk, CPA Nima explains what to do if you haven’t filed your taxes in several years. He walks you through how to minimize penalties, get organized, and avoid major IRS trouble. Alamir CPA & Associates Website: Contact us: Visit us: 23801 Calabasas Road, Suite 2004 Calabasas, CA 91302 818-721-8078
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Your profit and loss statement says you’re making money—but your bank account tells a different story. In this episode of The Accounting and Tax Helpdesk, CFO expert Hoss breaks down the disconnect between profitability and cash flow. He explains why you might be profitable on paper but still struggling to pay bills, covering issues like timing of receivables, overhead, reinvestment, and poor cash management. If you’re a business owner in Calabasas, Los Angeles, or the Valley, this episode is a must-listen to help you get control of your money and finally feel the success your numbers...
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Happy 4th of July to all our listeners! Due to the holiday, this week we will take a look back to our inaugural episode of The Accounting & Tax Help Desk Podcast. In the debut episode of Accounting and Tax Helpdesk, hosts Nima and Hoss introduce themselves and the services offered by Alamir CPA and Associates. Get an inside look at their expert tax, accounting, and CFO services tailored to individuals and business owners. Whether you're seeking guidance on tax planning, financial management, or corporate structure, this episode gives you a sneak peek into the wealth of knowledge and...
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Not all accountants are created equal—and hiring the wrong one can cost you big. In this episode of The Accounting and Tax Helpdesk, Calabasas CPA Nima breaks down exactly what to look for when hiring an accountant, the red flags to avoid, and how to choose someone who understands your business and helps you grow. Whether you’re just getting started or you’re ready to level up your financial team, this episode is packed with real-world guidance for business owners in Calabasas, Los Angeles, and beyond. Alamir CPA & Associates Website: Contact us: Visit us: 23801 Calabasas...
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If you don’t know your numbers, you don’t know your business. In this episode of The Accounting and Tax Helpdesk, CFO expert Hoss breaks down the core financial metrics every business owner in Calabasas, Los Angeles, and beyond should be tracking—from gross margin to break-even point to burn rate. These aren’t just numbers on a spreadsheet—they’re the key to making smarter decisions, staying profitable, and scaling with confidence. Alamir CPA & Associates Website: Contact us: Visit us: 23801 Calabasas Road, Suite 2004 Calabasas, CA 91302 818-721-8078
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From missing deductions to misclassifying workers, small business owners face a unique set of tax challenges that can quietly cost them thousands. In this episode of The Accounting and Tax Helpdesk, Calabasas CPA Nima breaks down the most common tax mistakes, misconceptions, and red flags he sees every day—and how local businesses in Calabasas, Los Angeles, and the Valley can avoid them. If you're running a business, this is the episode you can't afford to skip. Alamir CPA & Associates Website: Contact us: Visit us: 23801 Calabasas Road, Suite 2004 Calabasas, CA 91302 818-721-8078...
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Revenue is great, but without cash on hand, your business is vulnerable. In this week’s episode of The Accounting and Tax Helpdesk, CFO expert Hoss breaks down why building a cash reserve is critical for weathering slow seasons, economic dips, and unexpected expenses. He explains how much cash businesses in Calabasas, LA, and the surrounding areas should aim to keep on hand, and how to build that reserve without cutting corners. If you’re running on fumes, this is the episode you didn’t know you needed. Alamir CPA & Associates Website: Contact us: Visit us: 23801 Calabasas...
info_outlineIn this episode of The Accounting and Tax Helpdesk, Nima dives into the various types of business entities, explaining the differences between sole proprietorships, partnerships, LLCs, and corporations, and helping business owners understand which structure might be best for them. Meanwhile, Hoss discusses essential strategies for managing cash flow at the beginning of the year, offering tips on budgeting, forecasting, and optimizing cash reserves for a successful start. Tune in for valuable insights that can help guide your business through its financial year!
Alamir CPA & Associates Website: https://www.alamircpas.com
Contact us: [email protected]
Visit us: 23801 Calabasas Road, Suite 2004
Calabasas, CA 91302
818-721-8078