PODCAST · business
Belk on Business
by Josh Belk
Joshua Belk and his firm, Lodestar Tax and Consulting has been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. In addition to helping businesses and business owners reach their financial goals, Josh also helps to educate them in the complex matters of the business world which at times can be tedious for a business owner.
Episodes
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Leadership Lessons from Loss, Love, and Legacy
Welcome back to Belk on Business! I’m Josh Belk, and today’s episode is deeply personal and reflective. In light of the recent and tragic loss of Charlie Kirk, I take some time to unpack how his life and legacy speak directly to us—not only as business owners but as people of faith. From courage...
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Why Competence and Accuracy Matter More Than Ever in Business
Welcome back to Belk on Business! I’m Josh Belk, and today we’re stepping away from our usual tax law breakdowns to talk about something just as essential—ethics and professionalism. Inspired by a deep dive into IRS Circular 230, I unpack three foundational principles that every business owner…
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The Big Beautiful Bill Recap: Key Tax Changes You Need to Know
Welcome back to Belk on Business! I’m Josh Belk, and in this episode, I wrap up our multi-week series covering the key provisions in the recently passed “Big Beautiful Bill.” From individual to business tax updates, I’ll walk you through the highlights that matter most as you start planning for…
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Trump Accounts & Tax Credits for Investing in Distressed Communities
We break down what Trump Accounts really offer (and where they fall short), and then dive into how developers, business owners, and investors can tap into tax credits tied to low-income housing, new markets, and opportunity zones. 3 Key Takeaways Trump Accounts Are Limited in Value: While they...
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Overtime Tax Breaks, Estate Planning & Small Business Stock Gains Explained
Welcome back to Belk on Business! I’m Josh Belk, and in today’s episode, I’m diving into a new set of provisions from the recently passed “Big Beautiful Bill.” We’re shifting gears from the last few episodes and breaking down five key areas: tax relief on overtime pay, updated estate and gift tax...
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R&D Tax Credits & 1099 Rule Changes
Welcome back to Belk on Business! I’m Josh Belk, and in this episode, we’re continuing our series on the recent legislative updates within the “Big Beautiful Bill.” Today, I’m breaking down two major topics that will impact a wide range of business owners: updates to the Research &…
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Maximizing Tax Savings Under the New Bill: Brackets, SALT & QBI
Welcome back to Belk on Business! I’m Josh Belk, and today I’m diving into another round of tax law updates from the recently passed “big beautiful bill.” This episode is all about understanding how some of the most impactful elements—like the tax bracket changes, SALT deduction cap, and…
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Maximizing Deductions with Bonus Depreciation, Section 179 & More
Welcome back to Belk on Business! I’m Josh Belk, and today we’re picking up where we left off with our ongoing series diving into the latest legislative updates that impact your financial strategy and tax planning. If you’re a real estate professional, investor, or business owner, this episode is...
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Breaking Down the “No Tax on Tips” Deduction
Welcome back to Belk on Business! I’m Josh Belk, and I’m excited to get back behind the mic with you. In this episode, we kick off a new series exploring the impactful legislation passed earlier this month. Over the coming weeks, we’ll break down how it could affect your business, your wallet…
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Hiring Your Children – Episode 198
Hiring Your Children – Belk on Business – Episode 198 1) Complete all normal employment paperwork 2) Wage must be reasonable and comparable to other employees or others doing the same work 3) If your LLC is taxed as a disregarded entity or is a multimember LLC owned by the parents, no FICA if…
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The Augusta Rule - Episode 197
The Augusta Rule – Belk on Business – Episode 197 The Augusta Rule (IRS Section 280A) allows homeowners to rent out their primary residence as a vacation or short-term rental or rent to a business for up to 14 days per year without needing to pay tax on the rents collected. There are compliance...
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2024 Year-end Tax Planning – Episode 196
2024 Year-end Tax Planning – Belk on Business – Episode 196 Topics: - EV credit - 401k contribution limits - IRA contribution limits - HSA contribution limits - Gift tax - Foreign income exclusion - BOI reporting - Entity structure, documents, implementation - asset protection and taxation impact…
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Handling Disagreements – Episode 195
Handling Disagreements – Belk on Business – Episode 195 We put processes to many things in our lives from making meals, doing laundry, scheduling, workflows in our business, product or service development. Etc. and having a process for handling disagreements can be a process as well. Unlike many...
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Mindset for Tax and Business Planning – Ep 194
Mindset for Tax and Business Planning – Belk on Business – Episode 194 - The planning process shouldn’t be in a vacuum - All planning should begin with keeping the mission and purpose as preeminent - The tax system is built to get taxpayers to act in certain ways by rewarding and punishing…
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Developing Yourself and Your Team – Episode 192
Developing Yourself and Your Team – Belk on Business – Episode 192 1) Developing yourself – you are the average of the five people with whom you spend the most time – all intakes should be evaluated as to alignment with core values yet open minded enough to challenge any preconceived norms or...
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Hiring and Retaining Talent – Episode 191
Hiring and Retaining Talent – Belk on Business – Episode 191 1) Clarity in both the listing and interview process -set clear expectations – be clear and concise as to what is expected in the work and in the candidate – people want to know what they will be doing and what type of person fits best…
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Five Business Systems– Episode 193
Five Business Systems – Belk on Business – Episode 193 1) System for prioritization 2) System for delegation 3) System for team meetings 4) System for reporting 5) System for strategic planning Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj Spotify: https://lnkd.in/gcWDnFZ...
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Basis, Limitation of Losses and Additional Tax Exposure – Episode 190
Basis, Limitation of Losses and Additional Tax Exposure – Belk on Business – Episode 190 There are a number of ways that one can look at a company’s balance sheet and determine the health of the business and financial discipline of the business owner. One way is to look at the shareholder’s basis...
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The Power of Ownership with Justin Roethlingshoefer – Episode 189
The Power of Ownership with Justin Roethlingshoefer – Belk on Business – Episode 189 Order Justin’s book here: https://www.amazon.com/Power-Ownership-Redeem-Relentless-Pursuit/dp/1394230028 Learn more about Justin and Own It: https://justinroethlingshoefer.com/ JUSTIN ROETHLINGSHOEFER is the...
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Communication and Culture – Episode 188
Communication and Culture – Belk on Business – Episode 188 A business owner can communicate concrete guidelines that people must conform to or use proposals to start conversations. The proposals are then used to ask questions, promoting curiosity, innovation, and collaboration. Communicating with...
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Indicators of Financial Issues – Episode 187
Indicators of Financial Issues – Belk on Business – Episode 187 There are indicators that reflect when there is a financial issue with the business. 1) Inability to pay bills on time – this will hurt the reputation or brand of the business. A business needs to keep good relationships with its...
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Money Handling Mistakes Pt 2 – Episode 186
Money Handling Mistakes Pt 2 – Belk on Business – Episode 186 There are many mistakes a business owner can and does make, some which could be fatal to the business either directly through mismanagement of the finances or indirectly through failure to follow proper internal controls or following...
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Money Handling Mistakes – Episode 185
Money Handling Mistakes – Belk on Business – Episode 185 There are many mistakes a business owner can and does make, some which could be fatal to the business either directly through mismanagement of the finances or indirectly through failure to follow proper internal controls or following basics...
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Board Member Qualities– Episode 184
Board Member Qualities – Belk on Business – Episode 184 Qualities as a Board Member: - Experience - Perspective - Careful listener - Willing to be contentious - Finds satisfaction in the endeavor Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj Spotify…
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Corporate Transparency Act – Episode 183
Corporate Transparency Act – Belk on Business – Episode 183 In 2021 as part of the National Defense Corporation Act, the Corporate Transparency Act was enacted. Its intent was to protect national interest against money laundering and financing of terrorism. The objectives to help prevent the…
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Entity Compliance in 2024 – Episode 182
Entity Compliance in 2024 – Belk on Business – Episode 182 As we begin a new year, think about where you conduct business at the state and local level (physical location, on site sales, online sales, remote employees) 1) Register your business with any state you conduct business that requires...
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When is my Business Considered a Hobby?– Episode 181
When is my Business Considered a Hobby? – Belk on Business – Episode 181 IRS Section 183 outlines what activities not engaged in for profit and the tax implications. The IRS states that a business has to be carried out “in a businesslike manner” with “complete and accurate books and records,”…
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J.D. Rockefeller, Purpose and Numbers – Episode 180
J.D. Rockefeller, Purpose and Numbers – Belk on Business – Episode 180 John D. Rockefeller considered the wealthiest American in US history defined part of his purpose as follows: “It has seemed as if I was favored and got increase because the Lord knew that I was going to turn around and give it...
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Top Common Bookkeeping Issues – Episode 179
Top Common Bookkeeping Issues – Belk on Business – Episode 179 1) Invoice and receipt tracking 2) Handling of expense reimbursements 3) Proper classification of employees 4) Monthly reconciliations 5) Data handling 6) Sales tax and income tax exposure 7) Handling of petty cash 8) Too few or too...
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2023 Year-End Tax Planning – Episode 178
2023 Year-End Tax Planning – Belk on Business – Episode 178 Topics: - Ordinary and necessary expenses - Hiring minor children - Business travel - Classification of expenses - Business start up and expansion - Bonus depreciation - Augusta Rule - Auto expenses - Meal expenses - Home office…
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Five Plans Everyone Needs – Episode 177
Five Plans Everyone Needs – Belk on Business – Episode 177 1) Spending plan 2) Compensation Plan 3) Savings Plan 4) “What if” Plan 5) Debt elimination plan Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj Spotify: https://lnkd.in/gcWDnFZ Stitcher: https://bit.ly/34aRgO2...
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Reasons Businesses Fail Pt 4 – Episode 176
Reasons Businesses Fail Pt 4 – Belk on Business – Episode 176 1) Poor management or leadership of team 2) Poor treatment of customers and/or vendors 3) Lack of diversity of thought 4) Not focusing on and leading with your differentiator 5) Failure to plan for your future or the future of the...
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Reasons Businesses Fail Pt 3 - Episode 175
Reasons Businesses Fail Pt 3 – Belk on Business – Episode 175 1) Not enough knowledge of the numbers 2) Poor tax management 3) Poor decisions regarding debt 4) Wasteful spending 5) Failure to protect equity Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj Spotify:...
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Reasons Businesses Fail Pt 2 – Episode 174
Reasons Businesses Fail Pt 2 – Belk on Business – Episode 174 6) Not taking ownership 7) Failure to be purposeful regarding work-life harmony 8) Poor time management 9) Failure to take adequate risk 10) Poor evaluation of customers Subscribe on these platforms: Apple Podcast:...
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Reasons Businesses Fail Pt 1 – Episode 173
Reasons Businesses Fail Pt 1 – Belk on Business – Episode 173 1) Losing sight of purpose. 2) Stop investing and developing. 3) Poor leadership and management 4) Spending time on tasks that we aren’t good at or don’t push the business forward. 5) Failure to be kind. Subscribe on these platforms:...
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Meaningful Communication with Team Members – Episode 172
Meaningful Communication with Team Members – Belk on Business – Episode 172 Much of our communication with our team involves tasks and the best leaders and managers also spend quality time having conversations with team members on what matters most to them. Most employees want to please their...
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IRS and Taxpayer Service Improvements – Episode 171
IRS and Taxpayer Service Improvements – Belk on Business – Episode 171 The Inflation Reduction Act provided about $79 billion in long term funding for the IRS. The primary goals were to improve phone and correspondence response, increasing audits on taxpayer making over $400,000. The IRS has…
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IRS Enforcement and Improvements – Episode 170
IRS Enforcement and Improvements – Belk on Business – Episode 170 The tax code and implementation are to get us as taxpayers to act in a certain manner. Last year the IRS was granted an additional $79 billion in funding over the next ten years. Broken down into the following areas: - $46 billion...
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Land Trusts with Attorney Joseph Seagle – Episode 169
Land Trusts with Attorney Joseph Seagle – Belk on Business – Episode 169 Joe Seagle is a legal “GPS” for real estate investors and high worth individuals. Mr. Seagle’s law firm and land trust company supports real estate investors, developers, brokers, property managers, and private lenders on...
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Mindset of Money: Equity and Business Maintenance– Episode 168
Mindset of Money: Equity and Business Maintenance – Belk on Business – Episode 168 - How are we managing equity? Are we bringing in equity participants because the business model is broken (can’t pay operational bills or make debt payments) Ability to pay yourself a reasonable salary for the...
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Mindset of Money: Debt – Episode 167
Mindset of Money: Debt– Belk on Business – Episode 167 1) How are we using debt? 2) Debt and bank accounts 3) How are we managing debt? 4) Paying operational debt 5) Fixed assets, depreciation, and loans 6) Owner loans and seed money Subscribe on these platforms: Apple Podcast:...
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Mindset of Money: Cashflow – Episode 166
Mindset of Money: Cashflow – Belk on Business – Episode 166 1) Cash flow is rarely defined properly, if defined at all 2) Cash flow statements – coordination and control 3) Cash inflow – good or bad air 4) Free cash flow – measurement of business health 5) Operating cash flow ratio 6) Three…
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Mindset of Money: Purpose before Profit– Episode 165
Mindset of Money: Purpose before Profit – Belk on Business – Episode 165 - Your purpose is your legacy. - When we focus on purpose, people then process, profits will follow. - Confront the work. Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj Spotify: https://lnkd.in/gcWDnFZ...
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Mindset of Money: Purpose First – Episode 164
Mindset of Money: Purpose First – Belk on Business – Episode 164 1. Planning begins with purpose. 2. To make purposeful plans, we must first understand our purpose. 3. To make purposeful progress in business, we need to know our current position. 4. When we know our purpose, it fuels our…
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Growth and Team Development – Episode 163
Growth and Team Development – Belk on Business – Episode 163 Once the business is growing and many of the foundational elements have been addressed, the logistics of the business, as it relates specifically to team members, must be continually maintained. -The decision of whether to focus on…
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Proper Business Growth – Episode 162
Proper Business Growth – Belk on Business – Episode 162 Growing a business is not easy. There are always hurdles that range from marketing on one end of the spectrum to meeting or hopefully exceeding customer expectations on the other. To properly grow a business, there are steps both...
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Qualities of an Effective Team Member – Episode 161
Qualities of an Effective Team Member – Belk on Business – Episode 161 - Ability to work independently and collaboratively. - Mindset is team before individual. - Comfortable working in the gray areas. - Can manage stress. Subscribe on these platforms: Apple Podcast: https://apple.co/2Zp6hgj...
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Onboarding to Relationship – Episode 160
Onboarding to Relationship – Belk on Business – Episode 160 - Set objectives - Define deliverables and timelines - Assign responsibilities - All involved in the process receives regular status updates - Project leader focuses on implementation not with day-to-day tasks - Document client’s…
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Meeting Participation – Episode 159
Meeting Participation – Belk on Business – Episode 159 When in a meeting, regardless of whether you are holding the meeting or are participating otherwise in the meeting, a few questions to consider as to how and when to participate. 1) How do you show up prepared? 2) Is what you’re saying on…
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Charitable Giving Strategies - Episode 158
Charitable Giving Strategies – Belk on Business – Episode 158 - Contribution Limits - Qualified Charitable Contributions - Bunch giving / prefunding - Donor Advised Funds - Private Foundations / nonprofits - Legacy or Planned Giving / Charitable Remainder Trusts (CRUT / CRAT) Subscribe on these...
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ABOUT THIS SHOW
Joshua Belk and his firm, Lodestar Tax and Consulting has been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. In addition to helping businesses and business owners reach their financial goals, Josh also helps to educate them in the complex matters of the business world which at times can be tedious for a business owner.
HOSTED BY
Josh Belk
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Frequently Asked Questions
How many episodes does Belk on Business have?
Belk on Business currently has 198 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Belk on Business about?
Joshua Belk and his firm, Lodestar Tax and Consulting has been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. In addition to helping businesses and business owners reach their financial goals, Josh also helps...
How often does Belk on Business release new episodes?
Belk on Business publishes regularly with 198 episodes available. Check the episode list for the typical release schedule.
Where can I listen to Belk on Business?
You can listen to Belk on Business on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Belk on Business?
Belk on Business is created and hosted by Josh Belk.
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