Duffle Bag Business, Back Office Blues, and The Wiz
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Duffle Bag Business, Back Office Blues, and The Wiz
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A Texas nail salon chain just got caught running payroll off the books. They're another reminder that the IRS sees everything. Plus, Pat McGrath built the first Black-owned beauty brand to hit a billion dollar valuation, but now she's lost control of the company she built. The brand didn't fail. The back office did. & we get into a hiring story that every small business owner who's ever been sold a dream by the wrong person will feel immediately.
Watch the full episode here on YouTube. Like, comment, and subscribe to @AlbertTheCPA. Then follow @AlbertTheCPA and @TheRealBottomLineShow on Instagram to get the latest updates. New episodes drop every week.
Chapters
00:00 – IRS Is Watching: The Nail Salon Payroll Scandal
02:57 – How Pat McGrath Lost Control of Her Billion Dollar Brand
06:43 – The Hiring Mistake Every Small Business Owner Makes1
3:22 – Wedding Write-Offs, Fake Payroll, and Bankruptcy Resets
20:58 – How Do I Know If My Business Is Actually Profitable?