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March 11, 2024

Maximizing Your Podcast's Tax Deductions with Expert Ralph Estep Jr.

Maximizing Your Podcast's Tax Deductions with Expert Ralph Estep Jr.

In Episode 922, financial expert joins me to discuss a topic that often trips up content creators: taxes. This episode delves into vital financial considerations for podcasters, emphasizing the importance of recognizing potential tax deductions,...

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School of Podcasting

In Episode 922, financial expert Ralph Estep Jr. joins me to discuss a topic that often trips up content creators: taxes. This episode delves into vital financial considerations for podcasters, emphasizing the importance of recognizing potential tax deductions, proactive financial tracking, and leveraging various tools.

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Meet Ralph Estep Jr.

Ralph V. Estep, Jr. is a highly accomplished professional with a diverse finance, accounting, technology, and entrepreneurship background. As the principal at Saggio Management Group, Inc., he has demonstrated exceptional leadership and expertise in various roles throughout his career.

For more information, see www.askralphpodcast.com

Use the coupon SOP50 to save on a consultation.

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Some of the links on this website are affiliate links. This means that if you click on the link and make a purchase, we may receive a commission at no additional cost to you. Please understand that we only recommend products or services that we believe will add value to our readers.

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Mentioned In This Episode

Join the School of Podcasting Community

Toggl Time Tracker

Profit From Your Podcast Book

Podcast Review Show Ralph Episode

Gleam Contest Tool

Monthly Giveaway

SOFI Banking

Acorns App Banking

FTC.Gov/influencers Video

Castmagic AI Tool

PodPage

Fiverr Workspace (income/expense tracking)

Wave App (income/expense tracking)

Freshbooks

Quickbooks

You Need A Budget (Budget Program)

Where Will Dave Be?

Question of the Month

Power of Podcasting Network

Dave's YouTube Channel

Dave's Podcasting Newsletter

Buy Dave a Coffee

Put Dave In Your Pocket

 

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Chapters

00:09 - Taxes YAY! Meet Ralph

00:32 - Opening

01:06 - Not Official Tax Advice

01:33 - Podcasting 2.0 Chapters

02:06 - School of Podcasting Community

03:19 - Start of Interview

04:13 - Knowing Your Why

05:22 - Keep Your Receipts

06:34 - Threshold to Claim

07:39 - Can You Claim a SOP Membership?

08:33 - Make a Budget

09:31 - Favorite Tools?

11:00 - How Long Do You Hang On To Receipts?

11:57 - Other Ways to Make Money

13:01 - Charging Guests Could Be an Issue

15:11 - Join the School of Podcasting

16:12 - Podcasting 2.0 Enabled

16:32 - Financial Planning For Podcasters

17:37 - Wants VS Needs

19:39 - Track Your Time

21:51 - Forming an LLC

25:31 - Donations Can Be Tricky

27:20 - Other Deductions We Miss?

30:05 - How Strick on Receipts

31:40 - Hire Ralph

32:35 - Tools Dave Has Used and Uses

35:10 - Dave Gets a Surprise

37:00 - Saving Money Strategy

37:50 - Separate Your Bank - SOFI

39:52 - ACORNS - Another Banking Alternative

40:32 - I Like Things Separate

42:06 - FTC Rules

43:41 - Apple Transcripts !!!

44:13 - Other Apps Support Transcripts

46:06 - Potential Delay in Apple Transcripts

46:29 - Steps in Podcastsconnect.apple.com

48:17 - Question of the Month

49:17 - Live Appearances

49:50 - Consulting Giveaway

50:09 - Episode Survey

50:28 - Deep Dive Into YouTube Coming

51:06 - Joing Worry Free

51:48 - Blooper