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Essentially, the business owner who’s made her money, paid her people, handled her taxes, reinvested in her future success, ETC., and then taken home what she wants is the woman you want to follow into business.
She's the woman I want to help you become.
The 'Finanacial Foundation in Three Days' program is uniquely designed to efficiently deliver everything you most need to know in the most digestible-sized chunks.
You can take practical steps toward the kind of better financial control that will brighten the rest of your days as a small business owner.
I’m looking at where I can get more efficient or better at delegating in order to save myself some time and overthinking, as well as where I want to park and spend more time in order to experience more joy.
Even if you procrastinated and now feel caught unawares, you can get back on track.
In a sole proprietorship, your business and you as its owner are considered one in the same. In an S-Corp, however, your business and you as its owner are considered separate entities.
As a business, you’re being taxed not on your gross profit, but on your net profit. Your net profit equals your total amount of money made, subtracted by your business expenses.
Statistically, cash management is the make-or-break factor for determining whether a small business will sustain its success.
This is your opportunity to clarify, manage, and own the financial details surrounding your small business without having to rely on a team of financial experts, endless hours of google searching, or an accounting degree.
What's contained in the Profit to Prosperity Membership will train you to be the entirely capable, badass cfo your small business desperately needs in order to not only survive, but to thrive.
What's often complicating my life as a female small business owner the most is all the back and forth going on in my own head.
Can you relate?
As the owner of a rapidly-advancing, profitable small business, you can no longer afford to segment tax consideration and preparation only to the months of March and April.
Imagine a strong small business infrastructure supported by a personalized tax plan you so clearly understand that you don't ever worry about penalties and you never get hit with unexpected liabilities.
An understanding of business finances holds immense power.
When absent, it's bad. you feel burdened by insecurity and controlled by forces outside of yourself.
When grasped, it's oh so good. You wake up to your own immense power.
None of this behind-the-scenes business-y stuff is too big or too much for you. not when you're equipped with the right know-how and the right tools. you've totally got this.
When you invoice your clients and customers through QuickBooks, rather than charging them through your personal Venmo account, beautiful things happen.
Your Balance Sheet will show your assets (things of value), liabilities (amounts you owe), and equity (amount of money invested by the business owner).
When the taxable income of your business reaches $70k or higher, you should think about changing your tax status from 'sole proprietor' to 'S-corporation'.
The PPP Loan is payroll protection and part of an aid package that was passed through Congress to help small businesses continue to operate and to keep people from applying for unemployment during the pandemic.
There are restrictions around the use of Economic Injury Disaster Loans loan proceeds.
Why is the invoicing process so difficult, and why are so many business owners falling into the same trap?
I think the problem is two-fold.