Best Jeffrey Skolnick Podcasts (2025)

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Episode 48: Explanation of PPP Loan Forgiveness Application 25:33

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5+ y ago25:33

25:33

Many small business owners have now received proceeds from their Payroll Protection Program (PPP) loan. These individuals at now looking at how they can maximize the amount of loan that can be forgiven. This episode gives the guidance provided by the Loan application published on May 15th, 2020.

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Episode 10: Melissa 33:35

5+ y ago33:35

33:35

In this episode, I interview Melissa, film-maker and owner of White Lyte Productions in NJ. She shares her journey, how she became a film-maker, and how you can turn fire into fuel, and so much more! This is a very special episode, check it out today! You can learn more about Melissa and her production company at www.whitelyteproductions.com!…

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Episode 9: Patrick Wynn 38:58

5+ y ago38:58

38:58

In this episode I interview high school friend, Pat Wynn. From Mexico, Dubai, Texas, back to NJ, Pat talks about choosing careers, his love of golf, beer, and the importance of setting personal and career goals.

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Episode 47: How does Loan Forgiveness on PPP loans work? Currently as many questions as answers. 11:25

5+ y ago11:25

11:25

Now that small businesses have started to receive proceeds from their Payroll Protection Program (PPP) loans, how does forgo the forgiveness portion work? In other words how can businesses avoid having to pay back the proceeds? We have some answers now, but many questions remain. This episode discusses both what we know so far and questions that mu…

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Episode 8: Patrick Manley 45:46

5+ y ago45:46

45:46

In this episode, I interview Pat Manley, medical publisher and musician. Pat shares some of his story, his love of art! Listen to this episode as we talk about everything from the Beatles to the movie Evil Dead! You can check out Patrick's band Effusion 35 at, www.effusion35.com!

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Episode 7: Jeffrey Skolnick, CPA, M.S. Taxation 23:27

5+ y ago23:27

23:27

In this episode I interview the one and only Jeff Skolnick, rock singer, husband, father, and accountant! He shares some incite into helping assist businesses for 35+ years and how he helps businesses learn how to deal with taxes in a non-overwhelming way! Jeff is not your typical accountant, listen to this episode and check out Jeff at: www.jeffcp…

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Episode 6: Interview with Luna Hernandez 23:17

5+ y ago23:17

23:17

In this episode I interview Luna Hernandez, a nutrition/wellness coach, content creator, and mom originally from Costa Rica. She is on a mission to finding her purpose and shares her wonderful journey! You can find her at www.lunahernandezcoach.com!

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Episode 5: Interview with Tyler Transue 48:17

5+ y ago48:17

48:17

In this episode, I interview Tyler, owner, producer, director at TT Productions in Lancaster, PA. Listen to this episode to hear Tyler's amazing story of how he found his passion in film making and videography and got started! He shares an inspiring story about turning negatives in your life, into positives and the importance of being a kid at hear…

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Episode 46: Updates to the Paycheck Protection Program 23:05

5+ y ago23:05

23:05

The CARES Act, the new law that passed on March 27, 2020 contained provisions to assist small businesses and individuals through the Coronavirus pandemic. The Paycheck Protection Program (PPP) was the largest small business program in the law. This episode explains the changes that have taken place since the law was adopted.…

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Episode 45: Analysis of the Coronavirus Aid, Relief and Economic Security Act it the “CARES ACT”. 37:48

5+ y ago37:48

37:48

The CARES act which was signed into law on March 27th, 2020 contains many provisions aimed at aiding both individuals and small businesses. This episode breaks down the major components of the new law.

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Episode 44: Beware of a Identity Theft, especially during tax season! 9:51

5+ y ago9:51

9:51

It’s tax season and although there are always individuals attempting to steal your identity, tax time provides additional opportunities. This episode is meant to inform you and minimize your chances of becoming a a victim.

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Episode 43: Most important tax changes of 2018 and 2019 26:29

5+ y ago26:29

26:29

The a tax Cuts and Jobs Act changed many laws in 2018 and the SECURE Act both implemented new legislation as well as extended some important provisions of the law previously allowed to expired at the end of 2017. This episode explains the most pertinent aspects of these changes and extenders.

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Episode 42: Tax Provisions extended and added by the SECURE Act that affect your taxes 15:59

5+ y ago15:59

15:59

The SECURE Act passed in December of 2019 extended a number of expired provisions that help taxpayers. Additionally, provisions were added which mostly helped taxpayers. This episode explains the most important provisions.

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Episode 41: How the new Secure Act of 2019 affects you and your retirement plans! 15:28

5+ y ago15:28

15:28

In December of 2019 a new tax law was passed that has major provisions affecting retirement plans. This episode highlights the provisions most likely to affect you.

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Episode 40: Not prioritizing your business tasks can wreak havoc on your business 8:37

5+ y ago8:37

8:37

As the owner of a business, you have many facets that you are required to manage. Are you allocating you’re time properly between them? In other words, are you using your time in the most effective way possible? If not, this can wreak havoc on your business.

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Episode 39: How small business owners can avoid feeling overwhelmed 9:56

5+ y ago9:56

9:56

Most individuals open their own business because they are excited to sell their product or service. Very often they are not prepared for all of the regulations and paperwork that follow and it causes them to feel overwhelmed. This episode discusses how to alleviate the stress.

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Episode 38: Is my Legal Settlement Taxable? 10:13

5+ y ago10:13

10:13

There are a variety of legal settlements that taxpayers may receive. Some legal settlements are taxable and some are not. This episode eliminates the mystery and explains when a legal settlement is taxable income and when it is not.

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Episode 37: How donating your Required Minimum Distribution to a charity can save you money! 12:36

5+ y ago12:36

12:36

Required Minimum Distributions (RMDs) were placed into law to make taxpayers with income in retirement plans, which they have not yet paid tax on, to start taking this money and pay tax on it. This can increase your income and under the new tax law with it’s higher standard deductions an itemized deduction to a charitable organization may not yield…

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Episode 36: Beware of these tax consequences when selling or exchanging property related parties! 13:58

6y ago13:58

13:58

When individuals sell or exchange property they often enjoy certain tax benefits. Some of these benefits are long term capital gain treatment, installment sale reporting and the ability to report losses. These rules are generally nonexistent when selling to related parties. Please don’t fall into these traps.…

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Episode 35: Last minute business strategies that can save you thousands! 10:16

6y ago10:16

10:16

If you own a cash based business there are some strategies that can still be legally implemented at the end of the year. This podcast covers the most effective strategies that can literally save you thousands of dollars!

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Episode 34: What happens if I change my C corporation to an S corporation? 13:19

6y ago13:19

13:19

There has been a lot said about the reduction of the corporate income tax rate to 21%. This episode explains the reasons you may want still want to elect S corporation status as well as some traps to be aware of.

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Episode 5: Interview With Cayla 37:59

6y ago37:59

37:59

In this episode I interview Cayla who is a jeweler, cat mama, and all around cool person. Listen to this episode to hear Cayla’s take on living your best life and being a recovering selfish/lazy person.

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Episode 33: Required Minimum Distributions and how they affect me 15:45

6y ago15:45

15:45

This episode clears up the mystery surrounding what Required Minimum Distributions are and what the requirements are for individuals.

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Episode 32: How entity type affects the way you deduct health insurance. 9:32

6y ago9:32

9:32

There are various entity types available for businesses. Your business may be structured as a sole proprietorship, partnership, S corporation, C corporation or even an LLC or LLP. The way you deduct health insurance differs based on your entity type and this episode explains the differences.

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Episode 31: Save by selling your home to an S corporation before converting to a rental property! 13:26

6y ago13:26

13:26

This episode explains how a taxpayer that wishes to convert his/her home to a rental property can save money by first selling the home to an S corporation.

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Episode 30: Deducting Long-Term Care Expenses 9:06

6y ago9:06

9:06

According to a recent survey assisted living facilities are nearing $50,000 per year and nursing homes are edging closer to $100,000 per year. Learn how to expense these costs as medical expenses.

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Episode 29: Saving thousands utilizing the provisions of the Tax Cuts and Jobs Act. 13:02

6y ago13:02

13:02

The Tax cuts and jobs act had many provisions that both helped and hurt individual taxpayers, however almost all the rule changes for business were positive. This episode explains how to utilize the new law to reduce taxes on your pass thru business and ultimately reduce your income tax bill.

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Episode 4: Interview with Brian McGroarty, VP of Business Development, Master Networker 28:11

6y ago28:11

28:11

In this episode I interview Brian who is the VP of business development at Core Title Insurance in Mount Laurel, New Jersey. Listen to this episode to hear Brian‘s take on not being afraid to fail, and the power of listening and connecting. Brian also talks about a super cool YouTube show about stars eating hot wings! Here is a link to the episode …

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Episode 3: Interview with Sarah 2nd Year Phd Student and Nancy’s former Roomie 28:15

6y ago28:15

28:15

Meet Sarah, my former roommate and friend who is in her 2nd year Phd program. Even though we are 11 years apart, Sarah and I bonded over living life on our own terms and experiencing adventures. Sarah talks about not being afraid to mess up and be spontaneous. Listen as we giggle through this episode.…

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Episode 28: The penalties for not having health insurance and understanding the Premium Tax Credit. 7:40

6y ago7:40

7:40

The Tax Cuts and Jobs Act eliminated the individual mandate requiring individuals to have health insurance or pay a penalty. Some states, however, have instituted their own penalties. In addition this episode also explains how the Premium Tax Credit works.

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Episode 27: Save large dollars by investing in opportunity zone funds! 12:56

6y ago12:56

12:56

The Tax Cuts and Jobs Act contains a provision that allows taxpayers to defer significant amounts of capital gains by investing in opportunity some funds. These funds are designed to spur economic development and job creation in distressed communities.

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Episode 26: Planning for Cash Flow For Your Business 9:18

6y ago9:18

9:18

In this episode I address the most typical cash flow issues that arise in small businesses with some suggestions on how to mitigate their impact on your business.

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Episode 2: Interview With Scott Aaron, LinkedIn Guru, Author and Business Coach 21:57

6y ago21:57

21:57

Interview With Scott Aaron !! Check him out at www.scottaaron.net or on social media: Facebook- Scott Aaron. LinkedIn - Scott Aaron. Instagram - @scottaaronlinkedin

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Episode 25: How to use Net Operating Losses to reduce your tax bill 10:27

6y ago10:27

10:27

The proper use of a Net Operating Loss can save taxpayers significant dollars. There are, however, a number of hurdles that were thrown in by the 2018 Tax Cuts and Jobs Act. This episode focuses on these new rules.

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Episode 24: Why you need a Buy-Sell Agreement if your business has multiple owners 8:56

6y ago8:56

8:56

The purpose of a buy-sell agreement is to facilitate a change in ownership upon the occurrence of certain events. Whether these events are voluntary or involuntary the main objectives of a buy-sell agreement are to make sure remaining owners retain control and departing owners or their families are reasonably compensated for relinquishing their fin…

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Episode 23: Initial steps to opening your business 11:32

6y ago11:32

11:32

Most people that start their own business have a passion for their particular product or service, which is what leads to them opening their own business. Many have no idea how to get started and this episode is meant to give you a pathway to opening your business.

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Episode 22: Why should I write a business plan? 10:21

6y ago10:21

10:21

Although not typically the first thought on a new owners mind, a business plan will serve as a blueprint on how to run your business and greatly increase your chance for success.

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Meet Nancy 23:14

6y ago23:14

23:14

Episode 1 • Welcome to Nancy’s Nuggets! Meet Nancy

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Episode 21: How long must I retain tax records? 10:57

6y ago10:57

10:57

One of the most common questions I am asked is how long must I retain my business records which is normally code for I want to throw some things out and I want you to say it’s okay. This episode sheds some light on this question.

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Episode 20: Deducting Automobile expenses in your business 12:56

6y ago12:56

12:56

Many individuals use their automobiles in their businesses and this episode extension explains how this is done.

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Episode 19: Understanding the capital gains rules 12:36

6y ago12:36

12:36

There is always a great deal of discussion on the distinction between short term and long term capital gains and losses. This episode explains how to determine short vs long term capital gain or loss and the tax implication of each.

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Episode 18: How the tax code can ease the burden of Education expenses 13:53

6+ y ago13:53

13:53

There are a number of items available in the tax code to assist taxpayers paying for qualified education expenses. Learn about the tax credits and deductions available as well as a way to eliminate penalties on IRA withdrawals before age 59 1/2.

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Episode 17: Choosing an Entity structure 10:14

6+ y ago10:14

10:14

Taxpayers are often confused on which structure they should choose for their business; sole proprietorship, partnership, C corporation, S Corporation or LLC. This podcast unlocks the mystery and discusses the basics of each type.

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Episode 16: Mortgage Interest rules. What you should be aware of. 12:37

6+ y ago12:37

12:37

Although it is very often the largest deduction on taxpayers returns there are a few rules that are not common knowledge and this lack of knowledge can hurt those expecting to be able deduct more than the law allows. This podcast outlines these rules.

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Episode 15: Amended returns - Are they a good idea? 9:36

6+ y ago9:36

9:36

One question that I run into quite often is I made a mistake on my tax return and I know I am entitled to more deductions but is amending my return going to raise a red flag? This podcast covers this question as well as some other information that taxpayers considering amending a return should know.

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Episode 14: Independent contractors vs. Employee, understand this or potentially pay big time! 20:23

6+ y ago20:23

20:23

There are a variety of reasons why employers would like to classify workers as independent contractors; no payroll taxes, no benefits such as health insurance, no pension or profit sharing requirements and no minimum wage and hour laws. The IRS would like workers classified as employees to make collection of Social Security ad Medicare taxes easier…

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Episode 13: Defer taxes on real estate sales 12:05

6+ y ago12:05

12:05

Like-Kind exchanges or 1031 transactions allow taxpayers to dispose of property and defer the gain of the property if certain very stringent rules are followed closely. This podcast discusses these rules.

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Episode 12: Deducting losses on real estate rentals 11:28

6+ y ago11:28

11:28

Since the Tax Cuts and Jobs Act passed when discussing real estate I and most others have concentrated on the new 20% deduction available against rental income. This podcast explains what happens when taxpayers incur a loss and how much is allowed as a deduction on your return.

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Episode 11: Tax planning for next year 9:41

6+ y ago9:41

9:41

Now that we are through tax season I would like individuals to take control of their tax situation by estimating next year’s liability and assuring that they are covered through either the use of withholding or estimated income tax payments so there are no surprises next April.

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Episode 10: Saving money by employing your minor children 9:59

6+ y ago9:59

9:59

If you own a sole proprietorship, single member LLC or are a partner/member of a multiple member LLC or partnership where all partners and/or members are parents of minor children you may be able to save significant tax dollars.