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Erica encourages solo consultants to find ways to pause, whether it's taking a week off, a quiet morning, or even a month-long break. She highlights some of the most downloaded episodes for listeners to revisit during the hiatus and wishes everyone a restful and enlightening summer.

00:00 Introduction to the Podcast

00:44 Summer Break Announcement

01:11 The Importance of Pausing

02:30 Personal Reflections on Rest

03:56 Encouragement for Listeners

04:44 Recommended Episodes

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Episodes Referenced:

73. [The Soloist Life] Building a Six-Figure Advisory Business (Working 15 Hours A Week)

85. Understanding Self-Employed Health Insurance with Jessica Skoney

86. Retirement Plans for Consultants

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Erica explains the potential savings on self-employment taxes and the trade-offs with the Qualified Business Income Deduction (QBID). Erica advises listeners to hold off on making the S-Corp election until there's more clarity on tax laws, which are expected to change with the expiration of the Tax Cuts and Jobs Act in 2025.

00:00 Intro

00:45 The Importance of Timing for S Corp Election

01:49 Understanding S Corp and QBID

02:50 The Impact of the Tax Cuts and Jobs Act

04:11 Why Waiting is the Smart Move

05:52 Practical Steps for 2025

07:13 Concierge Bookkeeping

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Erica explains the journey of an avocado from a farm in Michoacan, Mexico to a grocery store in the U.S., breaking down the costs involved and how a 25% tariff impacts the final price to consumers. She also talks through broader economic issues affecting solo consultants and small businesses.

00:00 Introduction to the Podcast

00:43 Understanding Tariffs with Avocados

03:26 Breaking Down Tariff Math

07:01 The Impact of Trade Agreements

08:57 Current Economic Trends for Consultants

10:53 Final Thoughts

11:23 Concierge Bookkeeping Service

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Resources Referenced:

White House Fact Sheet | https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/

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