174: Importance of Finance Management for Interior Designers with Damari Gold

With us today is Damari Gold, owner of The Gold Standard Accounting  & Tax firm. Damari is passionate about helping small business owners understand their money. So you can easily see why I am excited to have her on the podcast.  

We will be talking about the yes and no items for tax deductions, the importance of CFO days in your firm, and why we need a tax plan. Enjoy the conversation!

Topics Mentioned:

• Define your industry

• Create a tax plan

• Have CFO days

• Consistency is key

Key Thoughts:

 

• I don't know if you've experienced this, you go into tax offices, they're all gloomy and gray and just not fun. So, I set out to be different and set myself apart from that. Damari Gold (04:26) 

   

• One of the things that I always tell my clients when they come to me, and I guess one of the very first things I do when we start working together, just look at their financials. Simply because as long as the numbers are being input correctly, they don't lie. Michele (6:24) 

   

• If you don't like the story that the numbers are telling, we need to change the decisions, the inputs, and the choices, so that we can create a new story, and then we can tell them what to do, where to go, and how to get there. Michele (7:09) 

   

• It is always better to do the preparation during the year as opposed to doing it at the end of the year, or trying to piece it together at a time when you're getting audited. Damari Gold (11:54) 

   

• Being able to handle the taxes of both the business and the family, the earlier we do it, the better off we're going to be. Michele (31:05) 

 

 

Contact Michele:

• Email: [email protected]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

• Website: ScarletThreadConsulting.com

• LinkedIn: Michele Williams

Contact Damari Gold:

• Website: DamariGold.com

• Facebook: DamariGold

• Instagram: @damarigold

• Email: [email protected]

References and Resources:

• AIM Masterclass - Watch now

• Profit First by Mike Michalowicz

• Pricing Without Emotion®

• Understanding Your Financials™

• Master Your Profit®