All things buying, selling and making extra cash on the side.
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Pocket Money is the podcast all about money and your life hosted by Kate Browne & Sally McMullen. Whether you're curious, confident or just plain confused when it comes to your cash, we've got you covered.
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There's a brand new series on Fun Kids! It's all about three school kids called Bobby, Chloe and Elisha and they've been set a pretty tricky homework assignment. Together they must write a song all about money! Throughout the series, they pick up LOADS of great tips on how best to look after money, how to save and how to be careful online when spending your pocket money!
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Real Estate Agents don’t understand the tax part of their business. They are losing the tax game with every transaction and it is costing them money. Join Jeff Hockett weekly to learn the tax rules, basic and advanced strategies, and the basics of running a business so you can keep more money in your pocket and pay as little in taxes as legally required. If you are new to real estate, have been there a long time, or are thinking of becoming a real estate agent, this podcast is for you.
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In this episode, we dive deep into: Knowing your value and setting boundaries with clients Tracking expenses to understand profitability Recognizing the true costs of "free" consultations The importance of hourly rate and time management for business success "Making money should be your number one goal. When you’re a business owner, if you don’t kn…
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In this episode, we dive deep into: Overcoming fears in business and personal growth Recognizing the impact of daily habits on success The risks of relying on bad advice Understanding the P&L as the lifeline of your business "Your future is going to change. The economy is going to change. The only way to be prepared is by reading your P&L and under…
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In this episode, we dive deep into: Roth IRA conversions and tax strategies Building wealth through rental properties and 1031 exchanges Understanding depreciation and its tax benefits Long-term planning for estate protection and retirement "Wealth building is a process that takes time, and you can’t take a shortcut." – Jeff Hockett Connect with Je…
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In this episode, we dive deep into: Long-term planning for retirement The benefits of Roth IRA vs. Traditional IRA Tax planning for retirement income Using a Health Savings Account (HSA) for future medical costs "Building wealth is a long-term goal and not saving a few dollars." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/…
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Are you ready for the 4th quarter?
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In this episode, we dive deep into: Preparing for the fourth quarter of your business The importance of tracking net income vs. gross income Understanding when to switch to an S Corporation How to save on self-employment taxes with proper planning "The profit loss statement is your lifeline. If you want to put more money in your pocket, you will ne…
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In this episode, we dive deep into: Understanding the W9 form for business owners The distinction between being self-employed and employed Steps to correctly complete a W9 form Importance of using an EIN number for business protection Consequences of incorrect W9 filing "Completing the W9 correctly can be the difference between putting more money i…
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Mark Cannon: Why staying consistent is important
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In this episode, we dive deep into: Building consistency in bookkeeping Understanding profit and loss for business success The importance of staying engaged in your finances The power of referrals in real estate Navigating business challenges with proper tax planning "When you do things consistently when you create habits, it's going to be more ben…
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In this episode, we dive deep into: Five things to quit for business success Embracing change in business Letting go of overthinking Managing client expectations The impact of tax planning "Our minds are the most powerful part of our body. If you channel positive thoughts and have big dreams and goals, then there is nothing that can stop you." – Je…
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In this episode, we dive deep into: Controlling what we can't control Managing perceptions and actions Dealing with change and people's beliefs Focusing on controllable factors Tax planning and taking control "Taxes are out of our control as well, but with proper planning, we can make it a better experience." – Jeff Hockett Connect with Jeff: Websi…
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In this episode, we dive deep into: Labor day reflections and business ownership challenges The 80/20 rule in health and exercise Setting boundaries and work-life balance Achieving goals and persistence Understanding and applying the 80/20 rule "Success, freedom, and higher income means you have to understand the 80/20 rule." – Jeff Hockett Connect…
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Tilden Moschetti: How to buy Commercial Real Estate
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In our latest episode, join host Jeff Hockett and guest Tilden Moschetti as they delve deep into the intricacies of real estate syndication, discussing: Tax strategies in real estate Understanding Regulation D and investor roles Legal and consulting services for syndicates Assessing risks and returns of syndication investments Asset protection for …
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In this episode, we dive deep into: Tax rules and savings opportunities Navigating offers in compromise with the IRS Financial missteps of business owners Tax liabilities for W2 vs. business owners "Understanding the intricacies of tax rules can not only prevent headaches but can also lead to unexpected savings and financial growth." – Jeff Hockett…
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In this episode, we dive deep into: The differences between short-term and long-term capital gains across various assets Common misunderstandings about tax exemptions for personal and rental properties Guidelines on carrying forward losses to offset future gains during tax filings The methodology for calculating capital gains upon selling a home, t…
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In this episode, we dive deep into: Understanding 179 depreciation Maximizing real estate tax benefits Debating cost segregation Customized financial planning and tax strategies "Effective tax strategy is not just about saving money now, but planning your financial future." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Emai…
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In this episode, we dive deep into: The essentials of record-keeping for real estate tax deductions Managing and accounting for business vehicles The role of detailed logbooks in business expense documentation Navigating common issues with business trip audits and legitimate write-offs "Maintaining precise records is not just good practice; it's a …
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In this episode, we dive deep into: The fundamental value of honesty in tax filings and its broader impact on society. The critical role of precise record-keeping in both personal and business finances for tax purposes. Strategies to align bank statements with tax returns to ensure accurate reporting. The necessity of saving receipts to substantiat…
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How much money do you need?
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In this episode, we dive deep into: Understanding net income vs. gross income for tax planning Setting tangible financial goals with timelines Avoiding lifestyle inflation through conscious planning Prioritizing experiences over material possessions Strategies for retirement preparation “It’s not just about making money, it’s about making smart cho…
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Can I get an Offer In Compromise from the IRS?
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In this episode, we dive deep into: Achieving tax resolution victories Understanding the IRS collection process and time limits The nuances of offers in compromise Strategies for successful IRS offer acceptances Avoiding scams and seeking legitimate tax services "Helping clients save on taxes is like scoring the winning touchdown in the Super Bowl …
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In this episode, we dive deep into: Tax strategies for real estate agents and the significance of quarterly goal assessments Dealing with the stress and logistics of IRS audits, and the essential practice of maintaining accurate records The critical role of professional counsel in resolving tax issues with the IRS, drawing from personal experiences…
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In this episode, we dive deep into: The IRS sending letters to millions of people behind on tax returns or in collections Understanding the differences between IRS letters and notices, required actions, and meeting deadlines Avoiding IRS audits through accurate tax returns, organized records, and cautious social media usage "We find most people who…
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In this episode, we dive deep into: Navigating IRS letters and tax debts Resolving tax issues with the IRS "The last thing they want to do is put you into jail. They don't want to take your home and they don't want to freeze your accounts, but they can do all of these things if you're not communicating with them and not paying attention to them." –…
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Do I need to make estimated payments?
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In this episode, we dive deep into: Taxes and financial planning for 1099 workers and sole proprietors The significance of monitoring your financial numbers and conducting thorough planning The crucial role of estimated tax payments "Understanding your numbers is the key to winning at business." – Jeff Hockett Connect with Jeff: Website: https://ww…
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In this episode, we dive deep into: Essential interview questions to ask potential employees Reflecting on your own strengths and weaknesses in handling stress and challenges Aligning a candidate's future goals with your business plan for long-term success Understanding a person's motivations to enhance their job performance Assessing a candidate's…
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In this episode, we dive deep into: The importance of hiring employees for business success and avoiding burnout Overcoming the challenges of hiring to ensure long-term stability Real-world examples of businesses thriving with the help of employees Shifting the focus to working on your business rather than in it for increased enjoyment and profits …
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In this episode, we dive deep into: Writing off credit card interest Vehicle expenses and write-offs "Just because you can write something off doesn't mean that it's a good thing and that you should be doing it." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com Twitter: https://twitter.com/taxgamecoa…
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What you need as a business owner
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In this episode, we dive deep into: Considerations for starting a business Investing in specialized software Elements of a successful business Creating financial roadmaps and smart expenses "Just because you can write it off doesn't mean it's a smart use of your money." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: j…
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Do you struggle with customers?
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Join me in this episode as I delve into the invaluable lessons of knowing your worth as a business owner. It touches on a pivotal decision faced by entrepreneurs: the courage to part ways with difficult clients. In this episode, we dive deep into: The importance of knowing your worth as a business owner and making tough decisions for the benefit of…
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Do you have a good mindset?
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In this week’s insightful episode, we delve into the intricacies of entrepreneurship and the journey of growth. From the formative influence of small-town beginnings to the unique challenges faced by small business owners — we unpack it all. In this episode, we dive deep into: How growing up in a small town can shape one's perception and identity T…
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Dive into the complexities of tax preparation with Jeff’s invaluable insights for real estate agents. Get your tax prep checklist, conquer the tax organizer, and safeguard against audits with a robust balance sheet. Tune in now to avoid costly errors and keep your finances in impeccable order. In this episode, we dive deep into: The essential tax p…
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Is tax season giving you the jitters? Well, Jeff just dropped a new podcast episode, and he’s unpacking the anxiety behind taxes and how to conquer it once and for all. Here are 9 anxiety-crushing strategies that'll make you look forward to tax season. In this episode, we dive deep into: The Pomodoro Technique to maintain focus and avoid burnout Th…
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Brent Bowers: Can land be a good investment?
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In this episode, I'm thrilled to introduce my special guest, Brent Bowers of The Land Sharks - an army officer turned seasoned investor and coach. Brent's story is riveting - transitioning from an active army officer to creating wealth through smart land investments while being present for his family. He reveals why he's switched from traditional r…
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Jeff steers away from financial tips to address a question of legacy: Do you have a plan for when your time comes? Having a trust or a will isn't just for the wealthy; it's for anyone who cares about the distribution of their assets, no matter how grand or modest. In this episode, we dive deep into: Expect the Unexpected As Jeff says, "We are all o…
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Dive deep into the essence of trust - both in law and life - as host Jeff Hockett takes a refreshing stance on mixing personal beliefs with business. No more tiptoeing around sensitive subjects. It's all about aligning with clients who share your values! In this episode, we dive deep into: Trust and Align with Your Beliefs Jeff highlights that with…
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Tired of sifting through endless and conflicting tax advice on social media? Tune in as I explain the nitty-gritty of tax rules and strategies for real estate agents, focusing on how to smartly and legally write off your travel expenses. In this episode, we dive deep into: Debunking Tax Myths Are you swamped with conflicting advice on what you can …
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Owning investment properties might just be your ticket to building wealth, especially for W-2 earners who miss out on those precious write-offs. Jeff shares the golden rule: if you can't afford a property manager, think twice before you leap into property investments. Learn why paying interest is throwing your hard-earned money away and get actiona…
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Passive income in ways you never thought of with Shannon Robnett
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Want to achieve financial growth and uniquely reduce your tax burden? I've got the solution for you. Tune in to discover unconventional methods of generating passive income through real estate that can lead to effective financial growth and tax burden reduction. In this episode, you will be able to: Discover how tax incentives can supercharge your …
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Understanding your database
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Want to learn how to attract more of your ideal clients and increase your profitability? Tired of feeling like you're constantly exchanging ten pennies for a dollar? I've got the solution to help you prioritize your clients and maximize your business potential. Let's dive in and uncover the secrets to achieving improved client prioritization and in…
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Are you executing your plan?
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Are you struggling to manage your time effectively and execute your business plan? What if I told you there's a surprising twist to maximizing your efficiency and financial success? It's not what you think, and it's not about working harder. Stay tuned to uncover the unexpected solution that could transform the way you approach your business goals …
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Mindset of the business owner
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Uncover the surprising truth about financial management and the mindset of the business owner. Discover how a simple shift in perspective can lead to increased confidence and better financial outcomes. Are you ready to challenge your beliefs and take control of your business's success? Stay tuned for insights that will reshape the way you approach …
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What do I need for Taxes on Expenses?
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Discover the essential documents and strategies needed to slash taxable income and claim maximum deductions, as I guide small business owners through the intricate world of tax expenses. In this episode, you will be able to: Maximize tax deductions for small business owners by understanding income tax deductions and proper documentation. Discover t…
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What do I need for Taxes on Income?
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Ever felt lost in the maze of tax filing? Real estate agents, you're not alone. But what if I told you there's a surprising twist to this story? Stay tuned to discover the unexpected key to conquering the tax game and keeping more money in your pocket. In this episode, you will be able to: Understand essential tax filing requirements for real estat…
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Understanding your tax returns
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Does this sound familiar? You diligently file your tax returns each year, but have you ever stopped to review them thoroughly? Perhaps you've been told that simply filing them on time is enough, only to discover costly mistakes later on. The pain of realizing errors on your tax returns can lead to financial stress and potential penalties. It's time…
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What is BOI and why you need to know?
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Attention small business owners! Do you know about the Corporate Transparency Act and its implications for your business? Get ready to uncover the hidden complexities of BOI and the potential impact it could have on your operations. But as the deadline looms, will you be prepared to navigate the red tape, or will you be left in the dark? Tune in to…
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Get ready to mark your calendars for important dates in 2024, including tax deadlines and crucial milestones. Stay tuned to uncover the truth and learn how to navigate these important dates with ease. In this episode, you will be able to: Avoid tax penalties with timely filing and payments. Recharge and boost productivity through regular vacations.…
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Are you ready to take on 2023? Reflect on your past, set goals for the future, and seek support from positive and successful individuals. But what happens when your biggest fear becomes a reality? Tune in to find out. In this episode, you will be able to: Reflect on your past and set powerful goals for the future. Embrace failures as opportunities …
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Uncover the crucial 2024 tax changes that real estate agents need to know for a prosperous year ahead, as I guide you through the IRS updates and potential audits while addressing the postponed reporting requirements and looming penalties. In this episode, you will be able to: Understand the key 2024 tax season changes to optimize your planning. Le…
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Are you afraid of receiving letters from the IRS? What if I told you that ignoring them could lead to even bigger problems? Stay tuned to find out what happens when taxpayers don't open these letters and the shocking consequences that follow. In this episode, you will be able to: Understand the importance of addressing IRS letters Overcome anxiety …
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Are you a business owner looking to save money on your taxes? In this podcast, I break down the confusing world of electric vehicle tax credits, revealing how you can take advantage of rebates while securing the best price for your new car. But here's the twist: just when you think you have it all figured out, a shocking revelation leaves you wonde…
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Discover the shocking truth about the new Form 1099K reporting requirements and how they will impact your finances. From credit and debit cards to PayPal and Venmo, no payment method is safe from scrutiny. Will you be prepared to navigate this tax maze or will you become a target for the IRS? In this episode, you will be able to: Master credit card…
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Unlocking the Irony: Join me, your insightful host, as we expose the staggering challenges faced by the IRS, giving taxpayers and business owners the power to navigate the treacherous tax landscape, avoid scams, and ensure compliance with confidence. In this episode, you will be able to: Understand the challenges faced by the IRS and how they impac…
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