๐๏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 youโre a CFO, contractor, business owner, or entrepreneur our goal is to provide valuable insights from a CPAโs 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
๐งพ ๐๐๐ก๐๐๐ฎ๐ฅ๐ ๐ ๐๐ฑ๐ฉ๐ฅ๐๐ข๐ง๐๐: ๐๐๐๐ฉ ๐๐จ๐ซ๐ ๐จ๐ ๐๐จ๐ฎ๐ซ ๐๐๐๐ ๐๐ง๐๐จ๐ฆ๐
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.
๐ฅ 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
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Sullivan & Grantham, PLLC
๐งพ Invoice or Sales Receipt? Most Business Owners Get This Wrong.
Think they're basically the same thing? โ ๏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:
โ When to use an Invoice
๐ฐ When a Sales Receipt is the better choice
๐ How each affects your financial statements
โ ๏ธ Common mistakes that lead to messy bookkeeping
๐ง 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.
๐ฅ Watch now: https://youtu.be/4WhkzhqZeEA
#QuickBooks #Bookkeeping #Accounting #SmallBusiness #QuickBooksOnline #BusinessOwner #CPA #FinancialStatements #BookkeepingTips #Entrepreneur
1 month ago | [YT] | 1
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Sullivan & Grantham, PLLC
๐งพ 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. โ ๏ธ
In this video, CPA Nick Grantham breaks down:
โ What actually qualifies as a business deduction
๐ฐ Common expenses that are deductible
๐ซ Expenses that are NOT deductible
๐ How to document deductions properly
๐ง 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.
๐ฅ Watch now: https://youtu.be/srVpWHrtt0k
#TaxTips #SmallBusiness #BusinessExpenses #TaxDeductions #Bookkeeping #Accounting #CPA #Entrepreneur #BusinessOwner #Taxes
1 month ago | [YT] | 0
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Sullivan & Grantham, PLLC
๐ ๐๐จ๐ฐ ๐ญ๐จ ๐ ๐ข๐ฅ๐ฅ ๐๐ฎ๐ญ ๐ ๐จ๐ซ๐ฆ ๐-๐ ๐ข๐ง ๐๐๐๐ (๐๐ญ๐๐ฉ-๐๐ฒ-๐๐ญ๐๐ฉ)
Think a W-9 is just a quick fill-in-the-blanks form? โ ๏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.
โ ๐๐ข๐ง๐-๐๐ฒ-๐ฅ๐ข๐ง๐ ๐-๐ ๐ฐ๐๐ฅ๐ค๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก โ so every box is filled out correctly ๐ต ๐๐ก๐ ๐ง๐๐ฐ $๐,๐๐๐ ๐๐๐๐ ๐ญ๐ก๐ซ๐๐ฌ๐ก๐จ๐ฅ๐ โ what changed and who it affects ๐ข ๐๐ก๐ #๐ ๐ฆ๐ข๐ฌ๐ญ๐๐ค๐ ๐ฌ๐ข๐ง๐ ๐ฅ๐-๐ฆ๐๐ฆ๐๐๐ซ ๐๐๐๐ฌ ๐ฆ๐๐ค๐ โ and how to avoid it ๐ ๐๐จ๐ฐ ๐ญ๐จ ๐๐ก๐จ๐จ๐ฌ๐ ๐๐๐ ๐ฏ๐ฌ. ๐๐๐ โ protect your info and stay compliant ๐ง ๐๐ฆ๐๐ซ๐ญ ๐ญ๐ข๐ฉ๐ฌ 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.
๐ฅ Watch now: https://youtu.be/dwSQmIusCtE
#W9 #Form1099 #TaxTips #SmallBusiness #SelfEmployed #Bookkeeping #TaxCompliance #1099Threshold
1 month ago | [YT] | 1
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Sullivan & Grantham, PLLC
๐ ๐๐ญ๐ซ๐ฎ๐ ๐ ๐ฅ๐ข๐ง๐ ๐ญ๐จ ๐ซ๐๐๐จ๐ง๐๐ข๐ฅ๐ ๐๐ซ๐๐๐ข๐ญ ๐๐๐ซ๐๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฌ๐ฎ๐-๐๐๐๐จ๐ฎ๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ฎ๐ข๐๐ค๐๐จ๐จ๐ค๐ฌ ๐๐ง๐ฅ๐ข๐ง๐?
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.
โ Reconcile credit card sub-accounts properly
โ Understand parent vs. sub account balances
โ Avoid duplicate transactions and reconciliation errors
โ Follow along with a real-world example
Watch now and make your next reconciliation a whole lot easier!
๐ฅ 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
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Sullivan & Grantham, PLLC
๐๐ง๐ญ๐ข๐ญ๐ฒ ๐๐ก๐๐ง๐ ๐? โ ๏ธ ๐๐จ๐ฎ ๐ฆ๐ข๐ ๐ก๐ญ ๐๐ ๐ฎ๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐๐๐ ๐๐ฎ๐ข๐๐ค๐๐จ๐จ๐ค๐ฌ ๐ฌ๐๐ญ๐ฎ๐ฉ.
Going from Sole Prop โ LLC โ SโCorp isnโt just paperworkโฆ
It can COMPLETELY change how your books should be set up.
In this video, CPA Nick Grantham breaks down:
โข The 3 reports that actually matter (P&L, Balance Sheet, A/R Aging)
โข How to use your numbers for taxes โ not just bookkeeping
โข When an SโCorp election could save you $$$
Most business owners get this wrong โ and it costs them.
Watch now before you make an expensive mistake
๐ https://youtu.be/IMEmE3eKh1Q
3 months ago | [YT] | 0
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Sullivan & Grantham, PLLC
๐๐ญ๐ข๐ฅ๐ฅ ๐ฌ๐๐ญ๐ญ๐ข๐ง๐ ๐ฎ๐ฉ ๐ฉ๐๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐ข๐ง ๐๐ฎ๐ข๐๐ค๐๐จ๐จ๐ค๐ฌโฆ?๐ Letโs finish it.
๐ https://youtu.be/5RjEBslqRBc
3 months ago | [YT] | 1
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Sullivan & Grantham, PLLC
๐๐จ๐ฌ๐ญ ๐ฉ๐๐จ๐ฉ๐ฅ๐ ๐๐ซ๐ ๐๐จ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐๐๐โฆ ๐
I didnโt 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
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Sullivan & Grantham, PLLC
๐๐ญ๐ข๐ฅ๐ฅ ๐๐ข๐ฅ๐ฅ๐ข๐ง๐ ๐๐ฅ๐ข๐๐ง๐ญ๐ฌ ๐ฆ๐๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ ๐๐ฏ๐๐ซ๐ฒ ๐ฆ๐จ๐ง๐ญ๐ก?
Thereโs 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.
โ Save hours
โ Eliminate missed invoices
โ Get paid faster
If you have monthly clientsโฆ this is a game changer.
๐ฅ Watch now: https://youtu.be/XDVZMG24e70
3 months ago | [YT] | 1
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Sullivan & Grantham, PLLC
๐จ ๐๐๐ฐ ๐๐ข๐๐๐จ๐จ
Using QuickBooks but still guessing your taxes? ๐
Learn the 3 reports that actually matter ๐
๐https://youtu.be/tX4sbcQrK90
๐ฌ Comment: Which one confuses you most?
4 months ago | [YT] | 2
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