Smart Ass(ets) | a business podcast, but not like that

Augusta Rule | Old Money's Favorite Loophole

7 min · 30 de abr de 2026
Portada del episodio Augusta Rule | Old Money's Favorite Loophole

Descripción

Smart Ass(ets) Podcast with Beyond the Ledger BookkeepingEpisode: The Augusta Rule This is one of those episodes that sounds fake, feels illegal, and somehow… is completely IRS approved. We’re breaking down the Augusta Rule, a tax strategy that lets you legally pay yourself rent from your business and not report it as personal income. Yes, really. Originally used by homeowners in Augusta, Georgia during the Masters, this rule has turned into one of the most underused strategies for business owners who actually want to keep more of their money. Here’s what we get into: * What the Augusta Rule actually is and where it came from * How renting your home for 14 days or less can create tax-free income * How business owners can use this for meetings, strategy days, content shoots, and more * Why your business can deduct the rent while you don’t claim it personally * The fine print that keeps this from turning into an IRS problem We also talk about what people get wrong, why you can’t just “Venmo yourself and call it rent,” and how to make sure you’re doing this in a way that actually holds up. It’s one of those strategies that makes you pause and go… wait, why is no one talking about this? If you’re making money in your business and not thinking about how to keep it, this episode will fix that real quick. Need help actually implementing strategies like this without screwing it up? Email us at support@btledger.com Visit gobeyondtheledger.com Beyond the Ledger Bookkeeping We make your finances make sense without making you feel dumb

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4 episodios

episode The Podcast Money Leak | Why Your 10k Month is Really 4k artwork

The Podcast Money Leak | Why Your 10k Month is Really 4k

You had a ten thousand dollar month. You told your group chat. You maybe cried a little. Then you checked your bank account and found six grand, and you have spent every day since quietly wondering if a platform stole from you. Kind of, yes. In this episode of Sound Check, Amanda runs the entire ten thousand dollars all the way to the bottom of the page. Patreon's cut. YouTube's forty five percent. The ad network haircut nobody warns you about. The four hundred dollars a month in software you forgot you were subscribed to. And then taxes, which show up at the end like a bill at a restaurant where you did not order anything. By the end you will know exactly where the leak is. Which is the only way to plug it. What you'll walk away with * Why platforms take roughly two grand off a ten K month before you touch a dollar of it * The real cost of your tool stack, added up in one place, which is going to sting * What contractors, equipment, and professional costs actually run per month * Why self employed taxes hit around forty percent and how to stop being surprised by it * Three moves that keep more of your money in your account instead of someone else's Timestamps * 0:00 Congratulations on your ten K month. Now go look at your bank account. * 0:45 Platform taxes. Patreon quietly turns three thousand dollars into two thousand five hundred forty six, and YouTube keeps forty five percent for the crime of hosting a file. * 3:15 The tool stack tax. Hosting, editing, transcription, email, scheduling, design. Four hundred ten a month. Roughly five grand a year to press record. * 6:00 The real operating costs. Editors, VAs, equipment depreciation, insurance, and the tax bill that treats your profit like a shared plate. * 8:30 The math, out loud, all the way down. Ten thousand in. Three thousand nine hundred twenty out. * 9:30 How to plug the leaks. Track it, own your audience, and take every deduction you have earned. Lines people are going to screenshot * "You made ten thousand. You keep thirty nine hundred." * "YouTube keeps forty five percent for hosting content you created, edited, and uploaded." * "That's a thirty six percent haircut, and nobody asked you if you wanted bangs." * "You can't fix what you can't see." If this hit a nerve You do not need a bigger month. You need to know where the current one is going. If you want someone to actually look at your numbers and tell you the truth about them, that is the whole job. Book a strategy call at gobeyondtheledger.com. No jargon. No shame about the Google Sheet you have not opened since March. Share this with the friend who just announced a big month and has not looked at their account yet. Be the bad news. Be the good friend.

13 de jul de 20268 min
episode FAM Trips | Let’s Aggressively Justify Vacation | Carry On Advice by Smart Assets Podcast artwork

FAM Trips | Let’s Aggressively Justify Vacation | Carry On Advice by Smart Assets Podcast

Welcome back to the Smart Ass(ets) Podcast and another episode of Carry On Advice, the series where we talk travel industry finances without sounding like a tax textbook. This week, Amanda is diving into one of the most common travel advisor questions of all time: “Can I write off my FAM trip… or am I aggressively justifying a vacation?” We’re breaking down: • What the IRS actually considers a legitimate business trip • The difference between business travel and “I answered one email poolside” • The 50% rule and why your extra vacation days matter • What travel agents should actually be tracking during FAM trips • Which expenses are deductible and which absolutely are not • How to document site inspections without making your bookkeeping a disaster • Why most travel advisors are actually too conservative with deductions If you’ve ever wondered whether your resort stay, airfare, meals, tours, or supplier events qualify as business expenses, this episode is for you. And yes, we also discuss blurry pool photos, emotional support beverages, and why the IRS definitely knows you’re having fun. Need help cleaning up your books or figuring out how to properly track commissions, travel expenses, and deductions? 🌐 https://gobeyondtheledger.com 📧 support@btledger.com 📱 @beyondtheledger.bookkeeping

6 de may de 20268 min
episode Augusta Rule | Old Money's Favorite Loophole artwork

Augusta Rule | Old Money's Favorite Loophole

Smart Ass(ets) Podcast with Beyond the Ledger BookkeepingEpisode: The Augusta Rule This is one of those episodes that sounds fake, feels illegal, and somehow… is completely IRS approved. We’re breaking down the Augusta Rule, a tax strategy that lets you legally pay yourself rent from your business and not report it as personal income. Yes, really. Originally used by homeowners in Augusta, Georgia during the Masters, this rule has turned into one of the most underused strategies for business owners who actually want to keep more of their money. Here’s what we get into: * What the Augusta Rule actually is and where it came from * How renting your home for 14 days or less can create tax-free income * How business owners can use this for meetings, strategy days, content shoots, and more * Why your business can deduct the rent while you don’t claim it personally * The fine print that keeps this from turning into an IRS problem We also talk about what people get wrong, why you can’t just “Venmo yourself and call it rent,” and how to make sure you’re doing this in a way that actually holds up. It’s one of those strategies that makes you pause and go… wait, why is no one talking about this? If you’re making money in your business and not thinking about how to keep it, this episode will fix that real quick. Need help actually implementing strategies like this without screwing it up? Email us at support@btledger.com Visit gobeyondtheledger.com Beyond the Ledger Bookkeeping We make your finances make sense without making you feel dumb

30 de abr de 20267 min