Sullivan & Grantham, PLLC

๐ŸŽ™๏ธ Welcome to Facts, Figures, and Fallacies from the Front Line!

Join CPAs Mitzi Sullivan, Nick Grantham, and Heather Swan as they co-host this engaging channel. We dive into a wide range of topics, from cryptocurrencies and changing tax laws to real estate and business management. Whether youโ€™re a CFO, contractor, business owner, or entrepreneur our goal is to provide valuable insights from a CPAโ€™s perspective.

Topics We Discuss:

Business Taxes
Bookkeeping Management
Managed Accounting
Payroll
Tax Breaks for Businesses and Contractors
Handling Crypto Taxes
Health Savings Accounts
Teachersโ€™ Retirement Credits
Retirement Savings
Estate Planning Tips (Irrevocable vs. Revocable Living Trusts, Wills, and Assets Owned by Trusts)
Real Estate Transfer and Taxes
1031 Exchange

We hope you join us each week for informative and practical discussions on everything Facts, Figures, and Fallacies from the Front Line!


Sullivan & Grantham, PLLC

๐Ÿงพ ๐’๐œ๐ก๐ž๐๐ฎ๐ฅ๐ž ๐‚ ๐„๐ฑ๐ฉ๐ฅ๐š๐ข๐ง๐ž๐: ๐Š๐ž๐ž๐ฉ ๐Œ๐จ๐ซ๐ž ๐จ๐Ÿ ๐˜๐จ๐ฎ๐ซ ๐Ÿ๐ŸŽ๐Ÿ—๐Ÿ— ๐ˆ๐ง๐œ๐จ๐ฆ๐ž

If you earn income from freelancing, contracting, side gigs, or your own business, Schedule C is one of the most important tax forms you'll file. Understanding it can help you claim legitimate deductions and avoid paying more tax than necessary.

Whether you're a freelancer, consultant, independent contractor, or small business owner, knowing how Schedule C works can save you money and give you confidence at tax time.

๐ŸŽฅ Watch now: https://youtu.be/w0mnix9aGOI

#ScheduleC #1099 #TaxTips #TaxPlanning #SmallBusiness #SelfEmployed #Entrepreneur #Freelancer #BusinessOwner #TaxDeductions #CPA #Accounting #Bookkeeping #SideHustle #IndependentContractor #BusinessTaxes #MoneyTips #FinancialLiteracy #QuickBooks #SullivanAndGrantham

1 week ago | [YT] | 0

Sullivan & Grantham, PLLC

๐Ÿงพ Invoice or Sales Receipt? Most Business Owners Get This Wrong.

Think they're basically the same thing? โš ๏ธ

Using the wrong one in QuickBooks can throw off your accounts receivable, make your reports inaccurate, and create confusion when tax time rolls around.

In this video, CPA Heather Swan explains:

โœ… When to use an Invoice
๐Ÿ’ฐ When a Sales Receipt is the better choice
๐Ÿ“Š How each affects your financial statements
โš ๏ธ Common mistakes that lead to messy bookkeeping
๐Ÿง  The simple rule that makes choosing the right one easy

Whether you're a small business owner, bookkeeper, or managing your own QuickBooks file, understanding this difference can save you from a lot of headaches later.

๐ŸŽฅ Watch now: https://youtu.be/4WhkzhqZeEA

#QuickBooks #Bookkeeping #Accounting #SmallBusiness #QuickBooksOnline #BusinessOwner #CPA #FinancialStatements #BookkeepingTips #Entrepreneur

1 month ago | [YT] | 1

Sullivan & Grantham, PLLC

๐Ÿงพ Can You REALLY Deduct That Business Expense?

A lot of business owners either miss deductions they deserve... or claim ones that could trigger problems with the IRS. โš ๏ธ

In this video, CPA Nick Grantham breaks down:

โœ… What actually qualifies as a business deduction
๐Ÿ’ฐ Common expenses that are deductible
๐Ÿšซ Expenses that are NOT deductible
๐Ÿ“‹ How to document deductions properly
๐Ÿง  Mistakes that could lead to IRS scrutiny

Whether you're self-employed, own an LLC, or run a small business, understanding deductible expenses can save you money and help keep you compliant.

๐ŸŽฅ Watch now: https://youtu.be/srVpWHrtt0k

#TaxTips #SmallBusiness #BusinessExpenses #TaxDeductions #Bookkeeping #Accounting #CPA #Entrepreneur #BusinessOwner #Taxes

1 month ago | [YT] | 0

Sullivan & Grantham, PLLC

๐Ÿ“ ๐‡๐จ๐ฐ ๐ญ๐จ ๐…๐ข๐ฅ๐ฅ ๐Ž๐ฎ๐ญ ๐…๐จ๐ซ๐ฆ ๐–-๐Ÿ— ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” (๐’๐ญ๐ž๐ฉ-๐›๐ฒ-๐’๐ญ๐ž๐ฉ)

Think a W-9 is just a quick fill-in-the-blanks form? โš ๏ธ One wrong box โ€” especially for single-member LLCs โ€” and you could end up with backup withholding or a 1099 mess at tax time.

โœ… ๐‹๐ข๐ง๐ž-๐›๐ฒ-๐ฅ๐ข๐ง๐ž ๐–-๐Ÿ— ๐ฐ๐š๐ฅ๐ค๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก โ€” so every box is filled out correctly ๐Ÿ’ต ๐“๐ก๐ž ๐ง๐ž๐ฐ $๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ ๐Ÿ๐ŸŽ๐Ÿ—๐Ÿ— ๐ญ๐ก๐ซ๐ž๐ฌ๐ก๐จ๐ฅ๐ โ€” what changed and who it affects ๐Ÿข ๐“๐ก๐ž #๐Ÿ ๐ฆ๐ข๐ฌ๐ญ๐š๐ค๐ž ๐ฌ๐ข๐ง๐ ๐ฅ๐ž-๐ฆ๐ž๐ฆ๐›๐ž๐ซ ๐‹๐‹๐‚๐ฌ ๐ฆ๐š๐ค๐ž โ€” and how to avoid it ๐Ÿ” ๐‡๐จ๐ฐ ๐ญ๐จ ๐œ๐ก๐จ๐จ๐ฌ๐ž ๐„๐ˆ๐ ๐ฏ๐ฌ. ๐’๐’๐ โ€” protect your info and stay compliant ๐Ÿง  ๐’๐ฆ๐š๐ซ๐ญ ๐ญ๐ข๐ฉ๐ฌ to keep your W-9s clean and avoid backup withholding

Whether you're a freelancer, contractor, or business owner โ€” get this right before you send your next one.

๐ŸŽฅ Watch now: https://youtu.be/dwSQmIusCtE

#W9 #Form1099 #TaxTips #SmallBusiness #SelfEmployed #Bookkeeping #TaxCompliance #1099Threshold

1 month ago | [YT] | 1

Sullivan & Grantham, PLLC

๐Ÿ“Š ๐’๐ญ๐ซ๐ฎ๐ ๐ ๐ฅ๐ข๐ง๐  ๐ญ๐จ ๐ซ๐ž๐œ๐จ๐ง๐œ๐ข๐ฅ๐ž ๐œ๐ซ๐ž๐๐ข๐ญ ๐œ๐š๐ซ๐๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฌ๐ฎ๐›-๐š๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ฎ๐ข๐œ๐ค๐๐จ๐จ๐ค๐ฌ ๐Ž๐ง๐ฅ๐ข๐ง๐ž?
In this step-by-step QuickBooks Online 2026 tutorial, I show you exactly how to reconcile parent and sub-account credit cards correctly, avoid common reconciliation mistakes, and keep your books accurate.

โœ… Reconcile credit card sub-accounts properly
โœ… Understand parent vs. sub account balances
โœ… Avoid duplicate transactions and reconciliation errors
โœ… Follow along with a real-world example

Watch now and make your next reconciliation a whole lot easier!

๐ŸŽฅ Have questions about QuickBooks? Drop them in the comments below.
https://youtu.be/e5p57InQiVQ

#QuickBooksOnline #QuickBooks2026 #Bookkeeping #Accounting #SmallBusiness #QuickBooksTraining #BookkeepingTips #AccountingTips #QuickBooksTutorial #SmallBusinessAccounting

2 months ago | [YT] | 1

Sullivan & Grantham, PLLC

๐„๐ง๐ญ๐ข๐ญ๐ฒ ๐‚๐ก๐š๐ง๐ ๐ž? โš ๏ธ ๐˜๐จ๐ฎ ๐ฆ๐ข๐ ๐ก๐ญ ๐›๐ž ๐ฎ๐ฌ๐ข๐ง๐  ๐ญ๐ก๐ž ๐–๐‘๐Ž๐๐† ๐๐ฎ๐ข๐œ๐ค๐๐จ๐จ๐ค๐ฌ ๐ฌ๐ž๐ญ๐ฎ๐ฉ.
Going from Sole Prop โ†’ LLC โ†’ Sโ€‘Corp isnโ€™t just paperworkโ€ฆ
It can COMPLETELY change how your books should be set up.

In this video, CPA Nick Grantham breaks down:
โ€ข The 3 reports that actually matter (P&L, Balance Sheet, A/R Aging)
โ€ข How to use your numbers for taxes โ€” not just bookkeeping
โ€ข When an Sโ€‘Corp election could save you $$$

Most business owners get this wrong โ€” and it costs them.
Watch now before you make an expensive mistake


๐Ÿ‘‰ https://youtu.be/IMEmE3eKh1Q

3 months ago | [YT] | 0

Sullivan & Grantham, PLLC

๐’๐ญ๐ข๐ฅ๐ฅ ๐ฌ๐ž๐ญ๐ญ๐ข๐ง๐  ๐ฎ๐ฉ ๐ฉ๐š๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐ข๐ง ๐๐ฎ๐ข๐œ๐ค๐๐จ๐จ๐ค๐ฌโ€ฆ?๐Ÿ‘€ Letโ€™s finish it.

๐Ÿ‘‰ https://youtu.be/5RjEBslqRBc

3 months ago | [YT] | 1

Sullivan & Grantham, PLLC

๐Œ๐จ๐ฌ๐ญ ๐ฉ๐ž๐จ๐ฉ๐ฅ๐ž ๐š๐ซ๐ž ๐๐จ๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐–๐‘๐Ž๐๐†โ€ฆ ๐Ÿ‘€
I didnโ€™t realize this until I saw it broken down like this.

Watch this before you make your next move โฌ‡๏ธ
https://youtu.be/lYGR05uPJA4

3 months ago | [YT] | 1

Sullivan & Grantham, PLLC

๐’๐ญ๐ข๐ฅ๐ฅ ๐›๐ข๐ฅ๐ฅ๐ข๐ง๐  ๐œ๐ฅ๐ข๐ž๐ง๐ญ๐ฌ ๐ฆ๐š๐ง๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐ž๐ฏ๐ž๐ซ๐ฒ ๐ฆ๐จ๐ง๐ญ๐ก?

Thereโ€™s a much smarter way.
Learn how to set up Recurring Sales Receipts in QuickBooks Online so your customers get billed automatically โ€” every single month.

โœ… Save hours
โœ… Eliminate missed invoices
โœ… Get paid faster
If you have monthly clientsโ€ฆ this is a game changer.

๐ŸŽฅ Watch now: https://youtu.be/XDVZMG24e70

3 months ago | [YT] | 1

Sullivan & Grantham, PLLC

๐Ÿšจ ๐๐ž๐ฐ ๐•๐ข๐๐ž๐จ๐Ÿšจ

Using QuickBooks but still guessing your taxes? ๐Ÿ‘€
Learn the 3 reports that actually matter ๐Ÿ‘‡

๐Ÿ‘‰https://youtu.be/tX4sbcQrK90

๐Ÿ’ฌ Comment: Which one confuses you most?

4 months ago | [YT] | 2