The CPA Zone: Tax Strategies for Small Businesses

What You Should Know About the Tax Bill with Michael Uadiale

In this episode, Ryan sits down with Michael Uadiale, Managing Partner at SMEED CPA, to break down the key provisions of the newly proposed tax bill and discuss what business owners and real estate investors should expect—regardless of the bill’s final outcome.
 
Get in touch with Michael:Email: taxes@smeedcpa.com REPS App: https://my750hrstracker.com/ Instagram: https://www.instagram.com/michael_uadiale LinkedIn: https://www.linkedin.com/in/smeedcpa
 
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
 

Partner and Shareholder Loans

Ryan unpacks the tax implications of owner loans and how improper handling can turn a simple transaction into a taxable event, offering clear strategies to stay compliant.
 
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Drop and Swap

In this episode of The CPA Zone, host Ryan explains the "Drop and Swap" strategy, a method that lets real estate partners defer taxes through a 1031 exchange by converting LLC interests to tenants in common (TIC) before a sale—highlighting key legal, timing, and IRS considerations.
 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Smith v Commissioner

The CPA Zone dives into the recent Sherman Derell Smith v. Commissioner decision to highlight the critical importance of substantiation and proper documentation—and how their absence led to the loss of a key depreciation deduction and increased tax liability.
 
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Should I Sell My Home or Convert to a Rental

In this episode of The CPA Zone, Ryan explains the financial and tax implications of selling a home or turning it into a rental, highlighting key tax benefits, potential pitfalls, and strategic factors to consider.
 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Two Forms Every Real Estate Investor Should Understand

In this episode, Ryan covers Schedule E and Form 8582, two essential tax forms every real estate investor should understand for reporting rental income, losses, and managing passive activity deductions.
 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

House GOP Draft Tax Bill

Join Ryan on The CPA Zone as he breaks down the House GOP Draft Tax Bill, explaining how proposed reforms could affect your taxes now and in the future.
 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Does A 1031 Exchange Make Sense?

Today, we'll explore whether a 1031 exchange is right for your property and how to calculate the potential tax impact, including capital gains and depreciation recapture.
 
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Pass Through Entity Taxes (PTET)

Ryan discusses the benefits of pass-through entity taxes (PET) for partnerships and S corporations, including how they allow businesses to bypass the SALT cap, lower federal taxes, and avoid double taxation on state-level income.
 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Tax-Smart Real Estate Investing - Interview with Chris McCormack

Chris McCormack, CPA and founder of Better Books LLC, shares insights on tax strategies for real estate investors, including depreciation, cost segregation, and entity structuring, while reflecting on his own investment journey.
 
Get in touch with Chris:YouTube: http://www.youtube.com/@chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa/ LinkedIn: https://www.linkedin.com/in/chrismccormackcpa/ Website: https://www.betterbooksaccounting.co/ 
Would you like to become a client? Complete one of our client intake forms here:
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The CPA Zone podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.