Cocktails & Capital

So you want to hire a bookkeeper or maybe you already have, but how do you know that your bookkeeper is a good one

In this episode, we will talk about the good, the bad, and the ugly—bookkeeper edition.

Resources:

Episode 6: Do Not Skip These Monthly Bookkeeping Steps For Your Business

Monthly Bookkeeping Checklist

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I know that running a business isn’t always sitting at a desk and taking calls.

Sometimes it involves driving and running errands and those miles add up!

In this week's episode, we are going to talk about the mileage deduction and how your business can benefit from it!

Resources:

Episode 32: New Business Owner? Here’s the Business Taxes cheat sheet

Your Guide to Optimizing the Travel Deduction

Tax Deductions Small Business owners shouldn’t forget

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Wow, I can’t believe we’re halfway through the year already.

We have a lot of updates and news to share so let’s pull back the curtain once again.

So grab your gin and tonic or your coffee and let’s chat. I have missed yall.

Resources:

Episode 28: How to Reverse Engineer Your Money Goals

Episode 29: Behind The Curtain: My 2022 Review

Episode 11: Candid Lessons I Learned in Business

Episode 1: How to Transition From a Side Hustle to a Full-Time Business Owner

3 Areas Business Owners Neglect When Growing Their Business

5 Things Every Small Business Owner Needs

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New business owner? I’ve got the ultimate business taxes cheat sheet. Just for you.

It’s no secret that one of the hardest parts of starting your own business is figuring out what taxes you need to pay and when. 

And how. 

And how much. 

The list goes on.

In this episode, I break down that list, how business taxes are different than personal ones, and how the heck to manage it all.

Resources:

Episode 03: TikTok Terrors That Lied to You

Episode 04: Why Are You Paying More (or less) in Taxes Than You Expected

A Simple Guide to Freelancer Taxes

What every small business owner needs to know about quarterly taxes

How Estimated Quarterly Taxes work

Strategies for dealing with sales tax

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I hate to be the bearer of bad news, but that recession everyone keeps saying is coming?

Yeah, it’s coming. But before you go full on doom spiral, take a breath. We’ve faced pandemics, inflation, TikTok AI filters turning you into The Scream instead of the Mona Lisa - and we’ve made it through.

So this week’s episode of Cocktails & Capital is about facing the recession and choosing to grow!

Resources:

Ep 30: Can You Afford an Employee? Do This!

What Business Owners Need to Focus On Right Now Article

How Do You Know if You Can Grow Your Team Right Now Article

The 3 Tips on Growing a Team

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Are you thinking of taking the plunge and hiring an employee?

It can be a daunting prospect - you’ll need to think about things like wages, benefits, and the legal implications of having someone on your team.

In this episode, we’ll explore the costs associated with hiring and retaining an employee, how to determine if you have the budget to afford an employee and some tips on onboarding.

Tune in to learn how to assess if you can afford to hire an employee, and what you should do if you’re ready to take the leap!

Resources:

IRS Guidelines

Society for Human Resource Management

Things to Consider Financially

Things to Consider HR Wise

Things to Consider Operations Wise

What You Can Do to Prepare Financially

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Let’s talk - business owner to business owner.

Want to know how my 2022 went?

I get pretty vulnerable in this episode as I walk you through each quarter of Tatum Accounting. Lessons I learned, what went right, what went wrong, and how I am making sure 2023 is going to be my best year yet.

Give it a listen and let me know how your 2022 went.

Resources:

Year-End Close Out Webinar

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Please, please, please, tell me you set some financial goals for 2023. Well, if you haven’t yet, you’re in luck!

In this episode, we'll talk about the best way to create and achieve money goals - Reverse Engineering. We'll discuss what should be considered when making money goals, understanding what your actual goal is and where you currently stand.

Key Terms to know:

Your Actual Goal. This is where you want to be—your end state. It’s where you would consider your goal achieved. If you set a goal to pay off your credit card, this would be when you’re finished paying it off.

Your Starting Point. This is where you are right now. Again, if your goal is to pay off a credit card, this is the amount you have on your credit card at this very moment.

Your Method. This is the journey you are taking to realize your goal—the steps you are taking to change your financial situation.

Your Milestones. Milestones are little markers along your journey that remind you of how far you’ve come. They are almost like mini-goals where you can celebrate and reflect on what’s going well and what’s not going well. If you’re paying off $5,000, you might consider every $1,000 paid off as a milestone.

Resources:

Year-End Close Out Webinar

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Got your 2022 accounting records all organized but just wish you had an accountant to tell you what they all mean? I have maybe the next best thing.

This week, I am walking you through the process of reviewing your 2022 finances. 

- What should you be doing first?

- What should you be looking for?

- What do we even do with all this information?

Resources:

Cocktails & Capital: Ep 16

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In years past, I’ve found that I spend a TON when it comes to the holidays. Travel, presents, and extra hot cocoa from the cute stand at the Christmas market. 

But racking up credit card debt is no way to start the holiday season. 

In this episode, I’m talking about how I am enjoying the holidays but still saving big money.

Resources:

1099 Handout

1099 Package

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