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Deduction or No Deduction

Cheers To Business

Release Date: 06/09/2020

The PPE PIVOT with DOCRX show art The PPE PIVOT with DOCRX

Cheers To Business

On this episode, Karen talks with Ashley Smith, the Vice President of Wholesale Pharmacy at DocRX, about how she and her company took control of the COVID-19 business chaos, their processes, and their services and products to serve their existing and new clients better. Their pivot to PPE (Personal Protection Equipment) products and fulfillment has led to new revenue streams, saved jobs at DocRX, and has helped many companies get back open quickly and safely. This a true COVID-19 business success story!

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COVID Vaccines and Business Survival with Dr. Darren Waters show art COVID Vaccines and Business Survival with Dr. Darren Waters

Cheers To Business

Karen talks with Dr. Darren Waters, owner and Medical Director of Greater Mobile Urgent Care. Dr. Waters discusses the challenges and opportunities to his Urgent Care practices when the COVID virus and lockdowns disrupted his normal clinical operations. Then Dr. Waters gives us the 411 on the new COVID vaccines. Plus, Karen talks with Dr. Waters about his sharp entrepreneur instincts, partnering with a family member, and the most challenging issues at GMUC since March of 2020.

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FRCA and PPP Forgiveness with Dr. Gia Wiggins show art FRCA and PPP Forgiveness with Dr. Gia Wiggins

Cheers To Business

Karen and Dr. Gia Wiggins of Morale Resource, LLC, have a serious talk about what they know, as of today, about the FRCA (Family First Corona Response Act), PPP forgiveness, and creating an official company telecommuting policy for your employees and staff. Karen shares some accounting and tax wisdom to navigate these tricky federal acts and Dr. Gia explains the HR and employment issues of these ever-changing federal programs.

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Christmas Do's, Don'ts and Bonuses with Dr. Gia Wiggins show art Christmas Do's, Don'ts and Bonuses with Dr. Gia Wiggins

Cheers To Business

Tis’ the season for things to get pretty relaxed or hectic around the office and workplace. So, Karen invited HR strategist and guru Dr. Gia Wiggins of Morale Resources to deliver some essential Christmas do’s and end of year business and HR preparations you need to be discussing and wrapping up. Plus, Karen drops her three biggest holiday business don’ts and some solid advice on employee bonuses. We love the gift of Dr. Gia being in the studio and being able to share her brilliant insights and good c

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Planning For Growth In 2021 show art Planning For Growth In 2021

Cheers To Business

Karen and Johnny let the listeners peek behind the podcast curtain when they share a Cheers To Business planning session for growing the show in the coming year. 2020 milestones will be reviewed, goals will be made, strategies will be formulated, and to-do lists will be completed to push the show into 2021. Listen close; the same issues discussed in this episode are the same issues in all types and sizes of other businesses. Are you preparing for next year?

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Deep Diving Into Deep Fried Studios with Johnny Gwin show art Deep Diving Into Deep Fried Studios with Johnny Gwin

Cheers To Business

Karen talks with Cheers To Business podcast producer Johnny Gwin about his Deep Fried Studio's challenges, growth, and evolution in 2020. Johnny shares his struggles with his podcast studio into an internet media company due to his inability to find the staff and talent for him to be able to work on bigger projects and opportunities. Plus, he shares some news on the big direction that Deep Fried Studios will be pushing forward in 2021.

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Multiple Locations and Hard Lessons with Michael Presson show art Multiple Locations and Hard Lessons with Michael Presson

Cheers To Business

On this episode, Karen talks franchises and managing multiple locations with Michael Presson of 1-800-RADIATOR and A/C/. Michael describes his process for choosing 1-800-RADIATOR, handling the challenges of multiple locations, and his management and leadership style. Plus, Michael gives his insights of "building the airplane, as he is flying it," and why he was looking to own a business and not just a job.

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Turning Your Talents Into A Business with Abe Partridge show art Turning Your Talents Into A Business with Abe Partridge

Cheers To Business

According to American Songwriter Magazine, "Abe Partridge has established himself as one of the most respected songwriters and visual folk artists in the southeast." Karen talks with this rising creative artist about how he has turned his passion for songwriting, painting, and storytelling into a career, a brand, and a way of life. On this episode, Abe will tell us his journey from the Baptist preacher to the Air Force and the music stages and art gallery walls all over the Southern USA.

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Hunt For Your Why with Joe Baya show art Hunt For Your Why with Joe Baya

Cheers To Business

On this Passion To Purpose episode, Karen talks to magazine owner/publisher and podcast host Joe Baya. Joe has turned his passion for hunting and fishing into a business, brand, and a career. Joe publishes Great Day Outdoors magazine, he hosts and produces the Alabama Saltwater Fishing Report and The Northwest Florida Fishing Report podcasts (and more). Joe will give us some tips and the steps he took (and is using now) to take what he loves to do to build a multi-tiered media and marketing empire.

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Do What Comes Naturally with Lynn Oldshue show art Do What Comes Naturally with Lynn Oldshue

Cheers To Business

Meet Lynn Oldshue. After 1000's of interviews and building 31 thousand followers on her Our Southern Souls Facebook page, this journey has led her to write hard-hitting investigative articles for print media like The Lagniappe, and now you can hear her on Alabama Public Radio. Lynn will give us some tips on the steps she is taking to keep doing what she loves to do, use her voice to share the stories of diversity and the extraordinary lives of people from all over the South.

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More Episodes

On this special gameshow edition of Cheers To Business, Karen quizzes Chris and Laney Andrews, owners of Bienville Bites Food Tours, on a game called Deduction or No Deduction. Karen throws out a common business tax deduction and Chris and Laney yay or nay that you can deduct that cost on their 2019 business taxes. Pop a top or pop a cork and learn while having fun on this special episode.

{Editor's Note: This episode was recorded right before COVID-19 became the only issue in our lives. When the COVID-19 virus hit, we decided to make some new shows focused more on the information that would be important to business owners to help with the shutdown, PPP, and other daily crisis issues. Due to the COVID-19 shutdown and mass disruption in the restaurant industry, they had to pivot their tours with Bites In A Bag. Now that the shutdown as been lifted, Chris and Laney are planning to restart their food tours, and they are taking time right now to work with the local restaurants as they are reopening and recovering.}


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Key Takeaways:

> Not all business costs are a legitimate deductions.

> When in doubt, ask your CPA or bookkeeper any questions on legitimate business deductions.

> Keep all your receipts, use handy phone apps and technology to record all your expenses.

 

Learn more about Karen Simmons

Karen C. Simmons, P.C.

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