Dr. Geno Bradley - GenoBradley.com

Rest, but Don't Stop…. Keep it Moving!

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Don’t let your digital wallet become an IRS nightmare!

The Incoming Tide of digital payments is rising. For the 2025 tax year (filing now in 2026), apps like Cash App, PayPal, and Zelle must send Form 1099-K if you hit $20,000 AND 200 transactions.

The problem? The IRS assumes every dollar is taxable profit. If you’re mixing business sales with birthday money, you’re caught in The Cash App Trap.

Time to deploy your Golden Shield! Use your deductions: transaction fees, equipment, and marketing: to protect your profit. We’ll help you turn that tide into a manageable puddle and unlock your Government Coupons (refunds).

WANT TO SURVIVE THE TRAP?
Comment APP below, and I’ll send you our 1099-K Survival Guide!

Subscribe to the Tax Doctor for more blueprints: https://www.youtube.com/

Text PEACE to 813.462.2758 to claim your territory and get filed right.

Day 3: EIN vs SSN: which one goes on the form?

Official Definition: An Employer Identification Number (EIN) is used to identify a business entity. You may also use your Social Security Number (SSN) if you are a sole proprietor without employees.

GBC Commentary: While you can use your SSN, getting an EIN is like giving your business its own identity. It keeps your personal SSN off vendor forms and makes you look more professional to clients. We're in this together, and protecting your privacy is a huge first step.

Compliance Tip: If you hire your first employee, you MUST get an EIN. No exceptions!

Join the GBC Building Blocks community for more tax tips and subscribe to our YouTube channel: https://www.youtube.com/. You can also text us anytime at 813.462.2758.

Stop letting the IRS take your lunch money! 🥪🛑

Every business expense is a “Golden Shield” protecting your income. It’s not just a receipt in a digital shoebox; it’s a tool to keep your cash where it belongs.

In today’s GBC Building Blocks lesson, we’re using “The Government Coupon” to lower your tax bill:

🛡️ Uncle Sam splits the bill: Business meals are a way for the IRS to effectively pay for half of your networking lunch.
🛡️ Mile by Mile: Your vehicle is a rolling shield. Track every trip to protect your profit.
🛡️ The Desk Shield: Pens, paper, and software: if it helps you run the show, it counts.

I know you’re grinding 7 days a week. Don’t scramble during tax season. Let’s get your Schedule C (Business Report Card) an A+. Go with a Pro and don't let the IRS eat your profit like a soggy sandwich.

Comment 'SHIELD' if you want our free GBC Expense Tracker! 👇

Subscribe for more masterclasses: https://www.youtube.com/
Call/Text: 813.462.2758
Sign up: https://gbcfinancial.com/tax-preparation

📚 Small Business 101 | Schedule C Series
[Post #10 of 37]

TITLE: What is COGS? — Product-Based Businesses ONLY

DEFINITION:
Cost of Goods Sold (COGS) is the direct cost of producing or purchasing the products you sold during the year. It applies to product-based businesses — not service businesses. If you sell a physical product, this section applies to you.

Here's what a lot of people get wrong: they try to put everything in COGS when some of it belongs in regular expenses, and vice versa. COGS is specifically about the direct cost of goods you actually sold — not supplies you use to run your office, not marketing, not overhead.

If you're a service business — tax prep, consulting, coaching, cleaning, repairs — this section is likely blank for you. That's okay. Don't force it. But if you're buying products to resell, manufacturing goods, or selling physical inventory, COGS is one of the most important sections on your Schedule C.

Understanding what goes in COGS vs. general expenses can save you money and keep you out of trouble. We'll break each piece down in the next few posts.

💡 Don't just make money… understand where it goes.

📺 Subscribe to our YouTube for the full breakdown:
genobradley-gbcworldwide

📲 Text us your business questions: (813) 462-2758

Happy Saturday, Clearwater! 🌴

The Weekend Warriors are officially in the building! 🦅🔥

We know the week gets busy, so we’re open today right here in Clearwater to help you deploy your Golden Shields 🛡️ and make sure your refund doesn't drift away with the Incoming Tide. 🌊

Whether it's Individual, Small Business, or Corporate Tax: we've got you covered while the rest of the world is sleeping on their savings.

📍 Location: Clearwater Office
⏰ Today: Saturday Hours
📱 Action: Text PEACE to 813.462.2758 or drop by!

Don't wait for Monday: secure your blueprint today!

Subscribe to our YouTube channel for the latest GBC Building Blocks and tax strategies: https://www.youtube.com/

Paid a contractor $600+? Lines I & J ask if you filed those 1099s. Compliance is non-negotiable: don't let a missed form turn into a penalty. Text 813.462.2758 for help. Subscribe to the Tax Doctor: youtube.com/ #1099

Returns & Allowances (Line 2) are refunds for damaged goods. Subtracting these from Gross Receipts lowers your taxable income. Keep separate records to prove deductions to the IRS! Text 813.462.2758 Sub: https://www.youtube.com/

Line 4: Cost of Goods Sold is the direct cost of making or buying your products. 📦 It’s a huge deduction that lowers profit! Tip: Count inventory on Dec 31. Join: genobradley.com Sub: youtube.com/ 813.462.2758

Line 1 is the total amount of money your business received from sales before expenses are subtracted. It’s your starting point: the top line foundation! 💼 Subscribe for more: https://www.youtube.com/ Text 813.462.2758