Feb 25 2024 36 mins
It’s tax season and for small business owners, this time of year can feel a bit stressful. Whether it’s your first year in business or you’ve been at this for a while, the thought of sorting through all your finances can seem overwhelming. But here’s some good news: it doesn’t have to be as hard as it looks.
Coming from someone who's both a licensed CPA and a small business owner, I get it! And having been on both sides, I've learned a few things about keeping things smooth and stress-free during tax time. So in this episode, I’m excited to share some of those insights and strategies with you that can help keep your finances in tiptop shape.
If you're ready to tackle tax season head-on and find ways to make it easier, you're in the right place!
Disclaimer: This information is for general informational purposes only and is not intended to be a substitute for professional financial, accounting, or legal advice. Please always seek the guidance of a qualified professional with any questions you may have regarding your specific situation!
Key takeaways:
- The importance of keeping your finances in order all year
- Choosing the best way to keep track of your money
- The basics: what you need to keep an eye on with your money coming in & going out
- Easy tips to cut down on the stress of tax season
- When it's time to call in a pro like a CPA, to help with your business taxes
- Clearing up confusion about tax write-offs and what they really mean for your business
- How planning ahead can help save you from surprises at tax time
- Simple advice to help you feel more confident about handling your small biz finances
My Bookkeeping Basics Course
This simple and easy to follow course is designed specifically for small business owners like you. It provides all the foundational tools you need to get your bookkeeping in perfect shape for tax time, focusing on organization over complex accounting and tax rules. Click here for more info and get started!
Resources
DETAILED DIARY SHOW NOTES
Patreon: Access exclusive content, start or supercharge your biz growth, and be part of an inspiring community of supportive entrepreneurs by becoming a Patreon member! Check out more details here.
Follow @detaileddiarypodcast to stay up-to-date about everything related to the podcast!