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As a small business owner, you know that setting the right prices for your products or services is 🔑 vital for maintaining profitability. 💰 In our latest newsletter, we will explore the importance of understanding your rates and pricing strategy, and how it can contribute to the success of your business. 🚀 Understanding pricing strategy …

Understanding Your Rates And Pricing Strategy For A Profitable Business Read More »

Are you a small business owner or self-employed? You may miss out on a valuable tax opportunity, the home office deduction. Let’s dig deeper into what a home office deduction is and how it can benefit you. What Can I deduct? 🤔Certain expenses can be deducted, including mortgage interest, insurance, utilities, repairs, maintenance, depreciation, and …

Home Office Deductions: Tax Opportunity For Small Business Owners And The Self-employed Read More »

One important decision you’ll need to make is whether to take the standard deduction or the itemized deduction 🤔. We’ll break down the differences between the two and help you decide which option is best for you. The standard deduction is a fixed dollar amount that you can take off your taxable income. For the tax year 2020, the standard deduction …

Maximizing Your Tax Benefits: Standard Deduction Vs. Itemized Deduction Read More »

As a small business owner, understanding tax deductions and tax credits can help maximize your profits. 📈 Tax deductions are expenses that can be subtracted from your taxable income, reducing the amount of taxes you owe. Examples of deductions include business expenses, such as rent 🏢, utilities 💡, and office supplies ✏️. On the other hand, tax credits directly reduce the amount …

20 Popular Tax Deductions And Tax Credits For 2023 Read More »

Are you ready to learn how to travel for business and save money on taxes?🤑🙋🏻🙋🏽‍♂️ Raise your hand if you’d rather explore the world than give your hard-earned cash to the IRS. I see those hands up! 👀 Well, buckle up because I’m about to show you how to do just that.First things first, when it comes to …

Travel Smart, Save Big: Business Travel Tax Write-Offs Made Easy! Read More »

Small business owners 👩🏻‍💻 can maximize profits by taking advantage of tax deductions 🧾. These savings can be invested back into the business for growth.  Here are 10 important tax deductions to consider, based on my experience in tax coaching 👩🏻‍🏫. 1. Home Office Deduction 🏠To qualify for the deduction, the home office must be used exclusively for work purposes …

Tax Deductions Every Small Business Owner Should Know Read More »

Entrepreneurs often possess a “can-do spirit,” which is an asset for success but can become problematic when running a business, such as bookkeeping and accounting. While it may be possible to handle these tasks initially, warning signs will arise when it’s time to delegate these responsibilities to an expert. DIY Bookkeeping Warning Signs: Breaking Things Down Consistently missing …

Warning Signs That You Should STOP Managing Your Own Books Read More »

Saving money leads to saving time and energy that would have been spent earning that money. Effective time management helps to save time for productive activities such as learning new skills or pursuing hobbies.  Why it’s important to be knowledgeable about your finances and numbers? Knowing your finances and numbers is essential for making informed decisions about …

Savings Time: Know Your Finances And Numbers Read More »

My monthly bookkeeping clients save THOUSANDS by the time tax time comes around and I’m going to share with you why: Throughout the year with they’re able to make intelligent financial decisions because they know what’s happening in their business monthly.  They’re able to cut out unnecessary expenses and raise prices when needed to maintain …

Do You Know What It’s Costing You To NOT Do Your Books Monthly…  Read More »

If you had to make a list 📋 of all the things that most business owners hate 😡, taking care of accounting and other financial matters is probably right at the top 🔝. Keeping up-to-date financial records ✅ is crucial for businesses to understand their financial standing and identify trends and patterns. It provides visibility into different parts of the business, …

Why Quality Bookkeeping Matters Read More »