In this episode of Grow Your Business & Grow Your Wealth, host Gary Heldt sits down with Jacqueline Ryan, founder of Your Independent Financial Solutions. As a seasoned tax and business strategist, Jacqueline shares her journey as a "serial entrepreneur". She offers essential advice for entrepreneurs seeking to avoid financial pitfalls, maximize tax strategies, and ensure their businesses thrive.

Key Takeaways

→ Choose the right entity for your business: Understanding the differences between LLCs, S-Corps, and C-Corps can save you money and headaches.

→ Track all financial activity: Use accounting software to monitor expenses, and don’t overlook small but impactful costs like subscriptions or product samples.

→ Leverage underutilized tax strategies: From reimbursing employees through accountable plans to properly deducting mileage, many business owners leave money on the table.

→ Separate personal and business finances: Establishing a dedicated business bank account is crucial for protecting your assets.

→ Think long-term: Plan your financial and tax strategies with your business goals in mind, whether for scaling, securing funding, or leaving a legacy.

Quotes

"Tailored advice can make or break your business. Don’t settle for one-size-fits-all solutions."

"The key to success is starting strong and knowing where you want to end up."

More from Jacqueline Ryan

Jacqueline Ryan is a tax and business strategist, published author, and filmmaker dedicated to helping entrepreneurs achieve financial success. Her experience spans multiple industries, making her a trusted advisor for small business owners.

Website: ITSYIFS.com

Phone: 407-512-5854

Email: [email protected]

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