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.
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A podcast about pursuing relationship on purpose.
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The Money Is Show is where you can catch all the latest from CEO Andrew Cordle and his lineup of thought leaders, influencers, business and financial literacy experts, and entrepreneurs. You’ll find the latest and best advice on wealth creation and management, investing, and entrepreneurship from the leading voices in the industry. Listen in as Andrew hosts topics relevant to #moneyis and his mission to unlock the secrets of the wealthy and encourage business financial literacy. The biggest ...
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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 & Experimentation (R&E) credit, and new thresholds and requirements f…
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Maximizing Tax Savings Under the New Bill: Brackets, SALT & QBI
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9:05Welcome 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 Qualified Business Income (QBI) deduction—will affect you and…
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Maximizing Deductions with Bonus Depreciation, Section 179 & More
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11:05Welcome 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 packed with insights you won’t want to miss. In this…
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Breaking Down the “No Tax on Tips” Deduction
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11:15Welcome 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, and your financial strategies. Today, we dive into thre…
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S3:E13 Rebekah Green | Dreams as Bridges: Evangelism Beyond Boundaries
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30:57In this episode of Encounter Culture, hosts Josh Coate and Josh Bussey are joined by Rebekah Green to explore the fascinating intersection of dream interpretation, evangelism, and relationships. Discover how Rebekah uses dream interpretation as a unique and impactful way to connect with people in spaces where traditional church outreach might not b…
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S3:E12 Jeff Freeman | Restoration and Glory Beyond the Walls
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29:15In this episode, hosts Josh Coate and Josh Bussey dive into the joys of Christmas wishes, the beauty of restored relationships, and the call for believers to step beyond the church walls to re-present Jesus to the world. Special guest Jeff Freeman, pastor of The Altar—a local equipping and training center—shares his inspiring story and challenges l…
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S3 | E11 Jay St. Clair: The Power of Prayer in Building Relationships
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38:18In this inspiring episode of Encounter Culture, hosts Josh Coate and Josh Bussey sit down with Jay St. Clair from God's Resort to explore the transformative role of prayer in fostering meaningful connections. Together, they delve into how prayer deepens relationships—with God, ourselves, and others—while sharing personal stories, practical insights…
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S3:E10 Caleb Friend & Austin Belk | The Power of Consistency
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34:13In this episode of Encounter Culture, hosts Josh Coate and Josh Bussey welcome special guests Caleb Friend and Austin Belk to discuss the significance of staying consistent in serving God and advancing His purpose. Through personal stories and practical insights, they highlight the challenges and rewards of living out your calling with dedication. …
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S3:E09 Marsha Whitford | Relationship that Changes Lives
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42:11In the Encounter Culture Podcast episode titled "Relationship That Changes Lives", hosts Josh Coate and Josh Bussey dive into the importance of volunteering where the community needs it most. Special guest Marsha Whitford joins the conversation, sharing insights on how building meaningful relationships through service can create lasting change for …
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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 under 18 and your child and no FUTA if under 21 4) If Co…
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S3:E08 Holly Hoyer & Kim McIntire | Rise Up
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34:20In this Encounter Culture Podcast episode titled "Rise Up", hosts Josh Coate and Josh Bussey dive into the transformative power of the church within a community. They explore how believers can rise up to influence their surroundings for the Kingdom of God. Joined by this week’s guests, Holly Hoyer and Kim McIntire, the conversation unfolds with tho…
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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 components be able to use the rule: 1) The residence m…
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In this powerful episode of Encounter Culture, hosts Josh Coate and Josh Bussey sit down with Juliet Hardee, founder and director of Guiding Light Ministries and Sewing Kindness. Inspired by the scripture in James, they explore what it means to live out "true religion" by caring for widows and orphans. Juliet shares her journey of leading a recover…
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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 - Basis in entity and tax implications - Active vs p…
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S3:E06 Wyatt Sargent | Building Community
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34:50In this episode of Encounter Culture, hosts Ashlee and Josh Coate reflect on an extraordinary weekend at Incense Rising: 24 Hours of Expression and Encounter, an event filled with worship and connection. Joining them is special guest Wyatt Sargent, co-founder of 21 & Co., who shares insights on the power of building authentic community. Together, t…
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S3:E05 Anthony Sargent | Beyond the Four Walls
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30:58In this episode of Encounter Culture, titled "Beyond the Four Walls," hosts Josh and Ashlee Coate sit down with special guest Anthony Sargent to explore what it means to follow the Holy Spirit’s call into ministry outside the traditional church setting. Together, they discuss how stepping beyond the four walls of the church can foster genuine conne…
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In this episode of Encounter Culture, co-hosts Josh Coate is joined by his wife, Ashlee, as Josh Bussey takes the week off. Special guest, Brendon Huron discusses the theme of "Embracing More," exploring the power of letting go to make space for growth and fulfillment. Through candid conversation, they unpack personal stories and insights on how re…
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In this enlightening episode of Encounter Culture, hosts Josh Coate and Josh Bussey welcome guest Darla Hightower to explore the transformative concept of spiritual gifts. Together, they delve into the pivotal role the Holy Spirit plays in empowering us for deeper, meaningful relationships. Join them as they discuss how these divine gifts enhance o…
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In the episode hosts Josh Coate and Josh Bussey delve into the vital role of community outreach in building meaningful relationships. Joined by special guest Mark Philips, they explore innovative strategies for engaging with local communities, the importance of empathy in outreach efforts, and the transformative power of authentic connections. They…
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In this episode of the Encounter Culture Podcast, hosts Josh Coate and Josh Bussey welcome worship leader Nick Smith for an inspiring conversation on cultivating intimacy with Father God. They explore personal stories and biblical insights, delving into how we can develop a deeper, more personal relationship with God. Nick shares his experiences as…
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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 areas we do put a process, handling disagreements can…
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Mindset for Tax and Business Planning – Ep 194
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16:13Mindset 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 certain behaviors - Don’t blindly follow what others are se…
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Developing Yourself and Your Team – Episode 192
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14:25Developing 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 assumptions. Your associations will impact your outcomes…
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Hiring and Retaining Talent – Episode 191
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17:02Hiring 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 in your culture – it’s not just about the position an…
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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 Stitcher: https://bit.ly/34aRgO2 YouTube: https://you…
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Basis, Limitation of Losses and Additional Tax Exposure – Episode 190
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17:37Basis, 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 in the company, handling of debt and it’s methods or…
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The Power of Ownership with Justin Roethlingshoefer – Episode 189
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45:08The 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 co-founder of OWN IT Coaching, a multiple seven-figure co…
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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 complaining will cripple culture. This leads to a cu…
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Indicators of Financial Issues – Episode 187
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9:01Indicators 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 vendors, partners and team members. 2) Ignoring the budg…
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Money Handling Mistakes Pt 2 – Episode 186
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11:00Money 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 basics of asset protection. Best to run finances in a …
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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 of asset protection. 1) Co-mingling of business and …
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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: https://lnkd.in/gcWDnFZ Stitcher: https://bit.ly/34aRgO2 YouTube: https://y…
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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 misuse of certain types of entities (namely LLCs, corpora…
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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 registration (income tax, local tax, sales tax, payroll …
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When is my Business Considered a Hobby?– Episode 181
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12:53When 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,” says the IRS. The taxpayer must put in time and effort “…
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J.D. Rockefeller, Purpose and Numbers – Episode 180
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12:28J.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 back” It was said by historian Michael D. Simmons th…
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Top Common Bookkeeping Issues – Episode 179
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18:05Top 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 many accounts 9) Handling bookkeeping internally witho…
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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 deduction - Retirement accounts - Section 105 medical plans -…
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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 YouTube: https://youtu.be/mADsYEBCEAw…
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Reasons Businesses Fail Pt 4 – Episode 176
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14:40Reasons 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 business Subscribe on these platforms: Apple Podcast: htt…
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Reasons Businesses Fail Pt 3 - Episode 175
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19:02Reasons 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: https://lnkd.in/gcWDnFZ Stitcher: https://bit.ly/34aRgO2 YouTube…
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Reasons Businesses Fail Pt 2 – Episode 174
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16:05Reasons 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: https://apple.co/2Zp6hgj Spotify: https://lnkd.in/gcWDnFZ Stitcher: https…
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Reasons Businesses Fail Pt 1 – Episode 173
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15:27Reasons 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: Apple Podcast: https://apple.co/2Zp6hgj Spotify: https…
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Mark, once again, takes us on a journey into the Father's heart of intimacy. Fall in love with this man, Jesus, and find infectious oil for your life.By Pursuing Relationship on Purpose
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Amanda shows us some gems in the cave of her most intimate place: her home, as we discuss marriage and parenting in a practical way.By Pursuing Relationship on Purpose
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Meaningful Communication with Team Members – Episode 172
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19:58Meaningful 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 employer if the vision is clear and the culture is one t…
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In our first episode of Season Two, Will Brown of Brown Boys Roofing shares his heart about stewarding relationship in the workplace and shows us what authentic leadership looks like.By Pursuing Relationship on Purpose
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IRS and Taxpayer Service Improvements – Episode 171
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19:03IRS 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 begun initiatives to improve how it serves and communicat…
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IRS Enforcement and Improvements – Episode 170
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23:37IRS 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 for enforcement “to determine and collect owed taxes,…
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Land Trusts with Attorney Joseph Seagle – Episode 169
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45:31Land 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 their land trust, private lending, and entity formation…
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