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Yes you need to file and pay taxes!
Today's episode is kind of a hodgepodge of various topics! As an entrepreneur, what does giving mean? With giving being one of Michele's core beliefs, we talk about not just giving money but also giving time and service to the community and why that is important. Giving time might, for example, look like mentoring and paving the way for the next generation.
We talk about having a game plan for what the end of a business might look like, especially since serial entrepreneurs are often always coming up with new ideas. We also dive into taxes and how to take advantage of loopholes and whatnot, but we also offer the disclaimer that we are not tax experts! We are just offering up our own experiences! We, in addition, discuss prioritizing tasks and not being afraid to say no when we need to.
We love that we have been getting some positive feedback from listeners and love doing this! Please continue to reach out to us via the contact info provided in the show notes because we would love to hear from you, and, as always, we appreciate you listening to the show and hope to see you next time!
Time Stamps
[0:38] – Karamel reveals that she filed for a tax extension for the first time ever.
[2:03] – Michele talks about her belief in giving through her business.
[2:47] – Karamel offers her own stance on giving.
[4:00] – Karamel stresses the importance of mentoring.
[6:43] – Michele shifts the conversation toward having an end goal for your business.
[8:36] – Michele reveals that she has not yet come up with an exit plan.
[9:47] – We are advised that entrepreneurs are the only ones who know their own games.
[10:47] – Karamel circles back to the idea of money being a tool.
[13:30] – You can't claim a business loss on your tax return every single year, we learn.
[16:32] – Michele argues that we sometimes have to say no.
[18:56] – Karamel gives an example of how she has been busy.
[20:53] – Michele and Karamel talk about work-life balance.
[23:52] – Michele reminds us that everyone does business differently.
[26:13] – Karamel offers an example of current times being tough.
[27:28] – We are encouraged to contact Michele and Karamel.
Resources
CEO Chronicles – Website
Email CEO Chronicles: [email protected]
Email Michele: [email protected]
Email Karamel: [email protected]
Women Travel Abroad
View all episodes
By Michele Coley & Karamel McCoyToday's episode is kind of a hodgepodge of various topics! As an entrepreneur, what does giving mean? With giving being one of Michele's core beliefs, we talk about not just giving money but also giving time and service to the community and why that is important. Giving time might, for example, look like mentoring and paving the way for the next generation.
We talk about having a game plan for what the end of a business might look like, especially since serial entrepreneurs are often always coming up with new ideas. We also dive into taxes and how to take advantage of loopholes and whatnot, but we also offer the disclaimer that we are not tax experts! We are just offering up our own experiences! We, in addition, discuss prioritizing tasks and not being afraid to say no when we need to.
We love that we have been getting some positive feedback from listeners and love doing this! Please continue to reach out to us via the contact info provided in the show notes because we would love to hear from you, and, as always, we appreciate you listening to the show and hope to see you next time!
Time Stamps
[0:38] – Karamel reveals that she filed for a tax extension for the first time ever.
[2:03] – Michele talks about her belief in giving through her business.
[2:47] – Karamel offers her own stance on giving.
[4:00] – Karamel stresses the importance of mentoring.
[6:43] – Michele shifts the conversation toward having an end goal for your business.
[8:36] – Michele reveals that she has not yet come up with an exit plan.
[9:47] – We are advised that entrepreneurs are the only ones who know their own games.
[10:47] – Karamel circles back to the idea of money being a tool.
[13:30] – You can't claim a business loss on your tax return every single year, we learn.
[16:32] – Michele argues that we sometimes have to say no.
[18:56] – Karamel gives an example of how she has been busy.
[20:53] – Michele and Karamel talk about work-life balance.
[23:52] – Michele reminds us that everyone does business differently.
[26:13] – Karamel offers an example of current times being tough.
[27:28] – We are encouraged to contact Michele and Karamel.
Resources
CEO Chronicles – Website
Email CEO Chronicles: [email protected]
Email Michele: [email protected]
Email Karamel: [email protected]
Women Travel Abroad