Cocktails & Capital

Business owners wear many hats and a lot of these we put on ourselves….meaning it’s self taught. Some areas we may enjoy learning about like marketing or process development.

Other areas, like accounting, can actually be super stressful for business owners. Turns out this podcast episode is the perfect place to start. In this episode I break down the most important need to know items for business owners trying to figure out their accounting.

Resources:

Cocktails and Capital - Episode 4

Chart of Accounts Definition

Wave

5 Reasons Entrepreneurs Should Know Accounting

Reconciling bank accounts each Month

IRS: How Long Should Small Businesses Keep Records

What to Look For In A Bookkeeper

IRS: How Long Should Small Businesses Keep Records

You have submitted your tax return and made your payment but you are still left with some questions. Why did you pay so much more this year? Or less?

What is going to happen next year when your salary increases once again? These are just a few questions you may be left with and in this podcast episode I answer some of the post popular post-tax return FAQs.

Resources:

Home Office Deduction 101

Profit First

Where’s My Refund - IRS Website

Social media is useful for so many things. It is also the cause of a lot of problems, like bad tax advice. Today we are discussing some of the most common Tik Tok videos in your feed promising you big tax savings but are potentially...fraud?

Give it a listen to make sure you aren't making any of these big mistakes.

Resources: https://www.tatumaccounting.com/articles/home-office-deduction-101

https://www.indinero.com/blog/nondeductible-business-expenses

https://bench.co/blog/tax-tips/travel-expenses-deductible/?blog=e6

There is no doubt as a woman business owner you have come across some of these finance myths that *may* be holding you back. So in today’s episode I debunk some of those myths in hopes that they help you move forward with your business.

Be sure to leave us some feedback - any myths we didn’t cover?

The great recession has caused everyone to rethink how they work. If you are one of those people you may not just be considering a change in companies but a change in job titles - like business owner?

Starting your own business is an exciting undertaking but the finances can possibly be the most stressful part. But I got you. In this episode I talk about what to expect during your transition and how you can ease the financial stress.

Resources:

Write Your Business Plan