Welcome back to She Built Success! 

In this episode, Claudia is joined by Erica Whatley, Owner of Taxes BY Erica Tax & Financial Services LLC. Erica delves into the intricacies of tax planning tailored to businesses at different developmental stages. She shares invaluable insights on crafting tax strategies for startups and growing enterprises. 

Throughout the conversation, Erica elaborates on LLC taxes, the importance of having a proficient money team, and the pivotal role of a tax strategist or accountant in navigating potential changes in tax legislation. Drawing from her experiences, Erica also stresses the pivotal role of financial research and networking in optimizing tax strategies for sustained business growth.

Join Claudia and Erica as they discuss strategic insights and practical advice for tax planning for entrepreneurs and business owners alike. Tune in! 

KEY POINTS:

- On tax planning for startups and growing businesses

- Difference between tax strategies for service-based and product-based companies

- The importance of self-awareness and separating personal and professional goals

- Erica’s definition of success

- On LLC taxes and building a money team

- The importance of having a tax strategist or accountant 

- On potential changes in tax law 

- The pivotal role of financial research and networking

QUOTES: 

“Success looks like time freedom. Time to clear my schedule — ‘I'm just going to read, I'm just going to have time to myself [and] time for my family.’ So that's what success looks like to me.” — Erica Whatley

“Treat your business how you want to see it. If you know you're gonna want to be in a position where you're making two $3 million a year – you start treating your business like that now. Start understanding where you are and what you want.” — Erica Whatley

GUEST RESOURCES

Erica Whatley 

Website | taxesbyerica.com

FB | TaxesByErica 

LinkedIn | @erica-whatley

RESOURCES

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Claudia 

LinkedIn | @claudia

IG | @boldlyclaudia



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