Employee or Contractor? Understanding the Legal & Financial Divide
The Accounting & Tax Help Desk
Release Date: 04/04/2025
The Accounting & Tax Help Desk
KPIs and statistics are more than just numbers on a report—they’re the foundation of smart business decisions. In this episode, Hoss explains how to take your data and turn it into actionable strategies that drive growth. Learn which metrics matter most, how to avoid information overload, and how to use KPIs as the building blocks of long-term success.
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Not everything your buddy says you can “write off” is actually deductible. In this episode, Nima takes you through the ins and outs of tax deductions—what counts, what doesn’t, and the gray areas that can get business owners into trouble. From meals and travel to home offices and business expenses, you’ll learn how to spot legitimate deductions, avoid IRS red flags, and maximize your tax savings the right way.
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Not all revenue is good revenue. In Episode 34, Hoss explains how to recognize when a client is costing you more than they’re worth—and what to do about it. From late payments and scope creep to draining your team’s energy, there are clear warning signs that it’s time to move on. Learn how to evaluate client profitability, the impact on cash flow, and how to offboard professionally without damaging your reputation.
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Inheriting money or property can be a blessing—but it also comes with big tax questions. In this episode, Nima explains the steps you should take if you’ve inherited cash, real estate, or retirement accounts. Learn about the step-up in basis, how debts and taxes can affect your inheritance, and the smartest moves to protect what you’ve received. Whether it’s a family home or a financial windfall, this episode will guide you through handling your inheritance the right way.
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The tax plan you start with isn’t the one you’ll keep forever. As your business grows, your income, expenses, and structure all evolve—and so should your tax strategy. In this episode, Nima explains how to adjust your approach at each stage of growth, from startup to scaling, so you maximize deductions, minimize surprises, and keep more of what you earn.
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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...
info_outlineIn Episode 13 of The Accounting and Tax Helpdesk, Nima breaks down one of the most misunderstood areas of business compliance: the difference between employees and independent contractors. Learn the key factors that determine worker classification, the tax and legal consequences of misclassification, and how state and federal laws can differ. Whether you're hiring your first team member or reviewing your current workforce, this episode offers must-know insights to keep your business protected and compliant.
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