S02 EP05 | Audit-Proof Your Business: Real Talk with the Home Biz Tax Lady

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Beyond the Receipts (Small Business Tax & Finances)

Hope Brown, The Tax Minded Bookkeeper

28 episodes

5 days ago

So you've always wanted to be an entrepreneur, but no one told you that tax and bookkeeping were going to be part of running your own business. Well, fear not. I'm Hope Brown, and this is Beyond the Receipts, a podcast for small business owners who are in the early stages of building their business but need a little help with the financial part. We'll be breaking down financial topics like taxes, bookkeeping, and more, in plain English so that you can learn what you need to run your business and stay compliant. So are you ready? Stay tuned!

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S02 EP05 | Audit-Proof Your Business: Real Talk with the Home Biz Tax Lady

Beyond the Receipts (Small Business Tax & Finances)

39 minutes 16 seconds

9 months ago

S02 EP05 | Audit-Proof Your Business: Real Talk with the Home Biz Tax Lady

In this eye-opening episode, Hope Brown sits down with Enrolled Agent and Tax Resolution Specialist LuSundra Everett (The Home Biz Tax Lady) to demystify IRS audits and share practical strategies for protecting your business. Whether you've received an audit letter or want to prevent one, we discuss essential insights business owners can use.

Guest Bio:

LuSundra Everett is an enrolled agent and owner of Everett Tax Solutions and ETS Tax Relief. Known as The Home Biz Tech Lady, she specializes in small business tax preparation, planning, and tax problem resolution. She's been an enrolled agent since 2017 and is deeply involved in the tax community as a National Tax Practice Institute Fellow and past president of the Virginia Society of Enrolled Agents.

Key Topics:

Dealing with the increase of IRS audits in 2025
How advanced technology is changing the way IRS reviews tax returns
Common mistakes that can trigger IRS attention
The truth about reasonable compensation for S-Corps
Why "living tax-free" can cost you more in the long run
Practical tips for organizing receipts and contractor documentation
How to handle an IRS letter if you receive one
The importance of estimated tax payments

Essential Takeaways:

Schedule intentional breaks and outdoor time
Build a community of supportive peers
Set clear, time-bound goals
Focus on proactive rather than reactive leadership
Give yourself grace during the growth process
Practice patience in business development
Surround yourself with both mentors and mentees

Quotable Moments:

"It is a lot easier to get rid of paper that you don't need than produce paper that you do." - LuSundra Everett
"Pay now or pay later... The tax-free life sounds cute, but baby, the execution is not where it's at." - LuSundra Everett

Resources Mentioned:

S-Corp Reasonable Compensation service information: https://bbizsolution.com/tax-planning
The Tax Minded Bookkeeper Comprehensive Tax Preparation Checklist https://dashboard.mailerlite.com/forms/40190/132790657589707901/share
IRS Form W-9:https://www.irs.gov/pub/irs-pdf/fw9.pdf
Lunch & Learn financial training classes: https://bbizsolution.com/lunch-learn-series-1

Guest Contact Information for LuSundra Everett:

Instagram: https://www.instagram.com/homebiztaxlady/
ETS Tax Relief: https://etstaxrelief.com/ and https://homebiztaxlady.com/

About the show: Beyond the Receipts with Hope Brown explores both the financial and personal aspects of entrepreneurship, bringing expert insights and practical advice to business owners ready to scale their success.

Subscribe to our newsletter at https://bbizsolution.com/mailing-list for more tips on navigating your business taxes and staying compliant in 2025!

Check out the episode on YouTube: https://youtu.be/D-mQKB8kDxA
Follow Hope Brown, The Tax Minded Bookkeeper on Instagram: https://www.instagram.com/taxmindedbookkeeper/
Working with Brown Business Solutions and The Tax Minded Bookkeeper in 2025: https://bbizsolution.com/how-to-work-with-us