Should Your Business Prepare for an Uptick and How Can It?
In this insightful episode of Podcast for a Savvy Business Owner, our experts delve into the essential strategies and preparations businesses need to embrace for sustainable growth. From financial considerations ...to operational scalability, Irene Sinayskaya and Jane Lvovskiy are sharing valuable insights and practical tips that every business owner should consider.
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Have questions or thoughts to share? Email them to the hosts. Don't forget to like, subscribe, and hit the notification bell for more insightful episodes.
Thank you for tuning in! Stay inspired, stay informed, and get ready to propel your business to new heights.Show More
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Should Your Business Prepare for an Uptick and How Can It?
In this insightful episode of Podcast for a Savvy Business Owner, our ...
In this insightful episode of Podcast for a Savvy Business Owner, our experts delve into the essential strategies and preparations businesses need to embrace for sustainable growth. From financial considerations ...to operational scalability, Irene Sinayskaya and Jane Lvovskiy are sharing valuable insights and practical tips that every business owner should consider.
Join the Conversation:
Have questions or thoughts to share? Email them to the hosts. Don't forget to like, subscribe, and hit the notification bell for more insightful episodes.
Thank you for tuning in! Stay inspired, stay informed, and get ready to propel your business to new heights.Show More
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Bookkeeping and Book Entry Common Mistakes
On today’s Podcast, Irene and Jane discuss some common bookkeeping ...
On today’s Podcast, Irene and Jane discuss some common bookkeeping mistakes that they have seen business owners make and what impact they have seen occur because of it. Many business ...owners believe that expenses can be grouped into various broad categories such as "Office Expenses" or "Marketing". This can negatively impact the business and operations by overinflating certain categories and making incorrect decisions based on a false belief that the projected budget for that category was already reached. If anything in this video raises any questions, please reach out to Jane or Irene!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Penalties and Papers: The I-9 Update Every Employer Needs
In this episode of Podcast for a Savvy Business Owner with Jane ...
In this episode of Podcast for a Savvy Business Owner with Jane Lvovskiy and Irene Sinayskaya, we are discussing the intricacies of proper use of I9 forms and pay requirements extending ...to undocumented employees as well. We discuss the responsibilities, benefits, and the recent changes in I-9 verifications. With the new I-9 form from August 2023 in play, employers need to navigate the tricky terrain of compliance to avoid hefty penalties. Tune in for expert insights on the intersection of employment law, immigration forms, and HR practices.Show More
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Employing Out of State Employees
On this episode of Podcast for a Savvy Business Owner, Irene ...
On this episode of Podcast for a Savvy Business Owner, Irene Sinayskaya and Jane Lvovskiy discuss registrations requirements and payroll tax considerations when hiring an employee who works in another ...state other than the primary state that the business is conducted in. Jane Lvovskiy provides more details on registering in multiple states in which the company has any employees, updating insurances, properly processing payroll in those states, and additional useful information. She reminds the listeners that aside from responsibility for federal taxes, the employer may be subject to state taxes in the states in which it has employees and/or is registered in. Stay tuned for Part 2 for Irene Sinayskaya and Jane Lvovskiy to discuss further on this topic in the next episode. As always, Keep Listening!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Corporate Transparency Act Updates: Extended Reporting Period and Key Definitions Explained
In this important update hosted by Irene Sinayskaya and Jane Lvovskiy, ...
In this important update hosted by Irene Sinayskaya and Jane Lvovskiy, we break down the latest changes to the Corporate Transparency Act, a topic that has sparked concern among many ...business owners. The recent update reveals an extension from the initially stated 30 days to now 90 days for companies to provide beneficial ownership information starting January 1st, 2024.
Jane delves into key definitions, explaining who qualifies as a beneficial owner and providing essential insights on reporting criteria. If you're a business owner navigating the complexities of this act, watch this video for crucial information and remember to consult your CPA for personalized guidance. Stay informed, stay compliant!
#CorporateTransparencyAct #BusinessCompliance2024Show More
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Impacts of rising interest rate
On today’s Podcast, Irene and Jane discuss the how the rising interest ...
On today’s Podcast, Irene and Jane discuss the how the rising interest rates affect business owners and their business decisions and what effects this is having on future decisions business ...owners are making. The rise in interest rates has impacted business owners and their plans for expansion, investment into new markets, hiring decisions, and affected budgets throughout many industries. In order to navigate this unexpected increase to expenses, Jane and Irene have kept up to date on the developments and developed strategies to mitigate the effects and ways in which to look for alternatives to avoid having expansion plans, projects, or business operations stall. As always, please feel free to reach out to Irene or Jane with any questions you may have!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Sales Tax for Businesses
On today’s episode of Podcast for a Savvy Business Owner, Irene ...
On today’s episode of Podcast for a Savvy Business Owner, Irene Sinayskaya and Jane Lvovskiy discuss the topic of Sales Tax for Companies. They help their listeners be aware of ...the misconceptions surrounding sales tax questions. They talk about their experience helping clients who have had an issue obtaining a sales tax certificate after purchasing a business, which may not have submitted proper sales tax. Irene and Jane emphasize how crucial sales tax certificates and proper filing of documents are for businesses, and how mishandling of sales tax can amount to penalties. As always, feel free to reach out to Jane or Irene with any questions you may have!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Daycare Center Management
On today’s episode of Podcast for a Savvy Business Owner, Irene ...
On today’s episode of Podcast for a Savvy Business Owner, Irene Sinayskaya and Jane Lvovskiy discuss Daycare Centers, including the important principles and practical techniques for getting started in a ...career as a professional Daycare owner. Irene and Jane provide some helpful tips to keep in mind when managing the financial and documental aspects of Daycares. Irene discusses the importance of timekeeping along with necessary checks and safety procedures when training and Jane divulges into practical payment methods for this type of business. For any further information please reach out with any questions you may have and as always Keep Listening!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Hospitality Industry and Tip Rules
On today’s episode of Podcast for a Savvy Business Owner, Irene ...
On today’s episode of Podcast for a Savvy Business Owner, Irene Sinayskaya and Jane Lvovskiy discuss various laws and exceptions that affect the hospitality industry such as the tip credit ...and tip pooling. The topic of tip credits can be confusing for business owners and employees, but it’s important to understand the role that tip credits play in minimum wage calculations. There are also specific laws that regulate tip pools and the distribution of tips among employees in the hospitality industry in New York. These laws limit which employees may share tip, which is known as tip pooling. Feel free to reach out to Jane or Irene with any questions you may have!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Business Entertainment Expenses
On today’s Podcast, Irene and Jane discuss the proper ways expenses ...
On today’s Podcast, Irene and Jane discuss the proper ways expenses for business events that are permitted. They discuss differences of events open to the public and those planned and ...paid for company employees. They discuss some examples of events that were raised as questions by their clients that hosted large events and whether the event was considered a legitimate business deduction and expense. If anything in this video raises any questions for your business, please reach out to Jane or Irene!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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Tax and Accounting Updates
On this podcast, Irene Sinayskaya and Jane Lvovskiy discuss the ...
On this podcast, Irene Sinayskaya and Jane Lvovskiy discuss the continuing changes regarding tax and accounting updates. Jane discusses the impact of inflation on the standard deductions for those who ...do not itemize their taxes, along with changes made to the qualified transportation benefit as well as the health flexible spending arrangements. Jane Lvovskiy further elaborates on the state of descendants’ amount and gift increases in 2023. For any further information or questions, please reach out and as always, Keep Listening!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
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How to Pay Yourself as a Business Owner and how to Return Contributions and Loan to Your Business?
On today’s episode of Podcast for a Savvy Business Owner, Irene ...
On today’s episode of Podcast for a Savvy Business Owner, Irene Sinayskaya and Jane Lvovskiy discuss various options available to business owners to pay themselves. This discussion is followed by ...some examples and information from the vast experience in this subject that both Jane and Irene have including options for repayment of capital contribution, additional contributions, loans to the company, and receiving income as a disbursement from the company. They talk about an example from a client they assisted who made a large contribution into a new business with his business partner, but did not formalize any documents to explain if the contribution into the business was a loan or any other type of contribution, making it difficult to account for when the sum was returned to him. Also, he didn't specify if any interest was to be repaid on the contribution and the terms of the repayment, inviting risk that his partner would not agree on an interest rate, if any, and on the terms of the repayment. As always, feel free to reach out to Jane or Irene with any questions that you may have!
Attorney Advertising. This information isn’t legal advice and official legal advice should be sought if you have any questions. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.Show More
