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Okay, it’s time to go there. Let’s talk taxes... The word you may love to hate. But a reality none the less that deserves your attention! Here are tax deductions business owners should know: Cost of goods sold, vehicle expenses, wages and salaries, independent contractor labor, supplies, depreciation, rent, utilities, taxes, insurance, repairs, fees + commissions, travel, advertsing, professional + legal fees, and office expenses. What questions do you have about deductions? We aren’t experts, but we know some. Leave them all below so we can find answers for you!!
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Let’s talk money, honey. Have you ever wondered how to pay yourself from your business? Here are our top tips! How to Pay Yourself as a Business Owner: 1. Treat yourself like an employee. Trade your time for money! 2. Decide the best payment method. We recommend @quickbooks! 3. Calculate the exact formula that protects your business, still. 4. Choose how often to pay yourself. Drop any questions you have below! We will answer them. ☺️
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Just a reminder: you are allowed to be both. 🤍