Cocktails & Capital

I’m talking about ALL things taxes. Don’t worry, I’ll make it fun!

Taxes might not be the most fun thing to talk about but as we’re going into 2023 it’s important to be prepared so we can run our businesses compliantly.

In this episode, I go over the different kinds of taxes, the difference in paying personal versus business taxes, and when a business owner can expect to pay each one.

Resources:

What is franchise tax?

What states have franchise tax?

Tax Jar's state chart

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In this week’s episode, I am chatting about the accounting tasks on your business to-do list that you should really get done before that ball drops on New Year’s Eve.

Resources:

End of Year Checklist Image

Year-end Accounting Checklist Article

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Are you being treated like an employee instead of as a contractor?

In this week’s episode, we are diving deeper into the ABCs of independent contractors, no really, I’m literally talking you through the ABC test which you can use to help determine your worker status.

A - Absence of control

B - Business of worker

C - Customarily engaged

Resources:

The Complete List of Worker Classification Tests By State Article

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Giving back to our community is something we are BIG about here at Tatum Accounting. One way we like to do that is by shopping local and supporting small businesses.

In this week’s episode, I share 4 ways you can support small businesses during the holiday season.

Be sure to listen till the end for a few of my favorite businesses I like to support.

Resources:

How to Give Back During the Holidays as a Small Business Article

Peanut City Candle Co

Love & Lettering by Katie

Project Seed Coffee

The Italian Cellar

Edjacent

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With 2023 quickly approaching, we want to make sure we are looking ahead and setting goals for the new year. In order to set effective goals, you’ll need to take a good look at your previous year.

That’s where analytics comes in. In today’s episode, I go over all the different KPIs I track in my business and how you can implement them into yours.

Be sure to check the resources below for the analytics apps I recommend.

Resources:

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Relay

Syft Analytics

Spotlight Reporting

Wave Financial

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When you are ready to hire your first contractor as a business owner, you are probably focused on how that person will fulfill the needs of your company. They’re here to help you after all!

But in order for you both to meet the goals of your growing business, you’ve got to set up proper expectations, boundaries, and communication.

The onboarding process does just that.

In this episode of Cocktails & Capital, I talk all things contractor onboarding.

Resources:

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Episode 19

3 Ways to Make Onboarding Contractors Easier Article

Top 9 Apps for Independent Contractors

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Melio Payments

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At Tatum Accounting, you know we like to prioritize self-care, relaxation, and taking regular vacations.

But when you are a solo business owner doing all the things - that can be so hard.

That’s why hiring help is so important. And hiring the right way even more so!

In this episode, I talk about the differences between an employee and a contractor and why I recommend choosing an independent contractor for your first hire as an entrepreneur.

Resources:

1099 Webinar

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Questions to Ask Before Hiring Independent Contractor

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Can your accounting really make your clients happier? Absolutely!

In this episode, I go into all the ways that accounting and checking your financial statement on a regular basis can help improve the relationships with your clients.

Resources:

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Last week we talked all about budgeting but what about when your income is inconsistent?

There are 3 different budgeting strategies that I recommend and I explain each one in this week’s episode.

Each budgeting strategy has its pros and cons so you’ll want to take a look at how your business operates to decide on which strategy would work best for you and your business.

Resources:

3 Ways to Budget When Your Income Frequently Changes Article

Profit First

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Is a budget one size fits all?

No, absolutely not.

So let’s talk budgeting. How do you even build a budget and what are a few reasons why your budget may not be working for you? I’ll also walk you through the steps you should take when building your budget.

You don’t want to miss this.

Resources:

The 4 Different Budgeting Strategies & What’s Right For You Article

12 Reasons Your Budget Isn't Working Article

Create a Small Business Budget in 5 Simple Steps Article

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