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Episode 114: Roth IRA Conversions Explained
Season 5 · Episode 114

Episode 114: Roth IRA Conversions Explained

Accounting and Accountability · Faw Casson CPAs

April 18, 202523m 20s

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Show Notes

In this episode:

  • Roth IRA Conversions Explained – What they are, how they work, who should consider them, and the tax strategy behind converting gradually.

  • Qualified Charitable Distributions (QCDs) – Using IRA withdrawals to make tax-free donations if you're over 70½.

  • Depreciation & "Placed in Service" – A look at what it really means for business equipment (or even yachts) to be ready for tax purposes.

  • Kids on Payroll? – How sole proprietors and partnerships can avoid FICA and FUTA taxes when paying their children under 21.

  • IRS Filing Stats – Latest refund data, filing volumes, and average refund amounts for 2025 vs. 2024.

  • No More Paper Checks? – Why direct deposit is becoming the IRS standard, and what it means for taxpayers filing after September 30th.

In this episode, we chat with Brian Drysdale, franchise owner of Instant Imprints and small business coach. Brian shares how his journey from aspiring accountant to entrepreneur led him to franchise ownership—despite initial doubts about the model.

He reveals how Instant Imprints defied the cookie-cutter stereotype, offering flexibility, creative freedom, and national support that helped him build a business with local impact. Brian also explains how surviving the 2008 recession and the COVID-19 pandemic shaped his leadership style and deepened his commitment to company values like trust, grit, and pride.

Now also a business coach, Brian helps fellow entrepreneurs shift from daily grind to strategic growth—guiding them to become true CEOs of their businesses.

Whether you're curious about franchise ownership, scaling a small business, or reigniting your passion for leadership, Brian brings relatable insights, real talk, and plenty of takeaways.