In this episode, I interview Erin Armstrong, Small Business Tax & Money Coach, Entrepreneur, and Professional Speaker who has helped hundreds of entrepreneurs understand their business financials through her services and online course called Tax Deduction Clinic. She especially “gets” lifestyle business owners and mompreneurs, and understand there’s a particularly great need for financial information to be presented to small business owners in a digestible, non-fearmongering, and conversational way.

Erin wants small business owners to feel like they can understand and make solid financial decisions in all aspects of their business. Erin’s goal is to maximize the money small business owners can keep in their pocket, and know what tax deductions they can legally take that will save them money and that will help them to have more money to continue to invest in their business.

 

In this episode Lisa and Erin discuss:

• The benefit of making the right tax deductions
• Transitioning to a higher tax bracket and options for investment
• Realizing that what you do now will set you up for next year
• Helpful tips around the new tax plan
• What business owners should do with surplus money at the end of the year
• Importance of making sure your accountant understands how you’re making money

 

Free gift:

Download Erin’s free guide “73 Top Business Tax Deductions for Small Business Owners That Are Often Overlooked” at erinarmstrong.com/lisa. 

Resources:

Easy Legal Steps - download the first book chapter free!

Mentions:

Erinarmstrong.com.

Tax Deduction Clinic