Guest Post from Trista Thompson
Hi! I’m Trista! I’m all about teaching the tech savvy how to use their kickass skills for fun, good juju, and serious profit! My next FREE course starts April 3d!
In (boring) business terms, cash flow management is: the process of monitoring, analyzing, and adjusting your business’ cash flows. Wait, don’t go! I’m going to speak way more plainly here,
Aren’t budgets just the *worst*? I mean, they totally take the fun out of money and make you feel like you’re shackled to a boring set of numbers for eternity. Who needs them!
Well….actually…. you do.
A business budget is a tool that can help you manage the cash flow in your business and keep your spending and savings on track. If made correctly, a business budget can even be like a cheerleader,
Sometimes I think if I were a superhero, my superpower would be bumming people out. I’m always the one to deliver bad news when it comes to write offs and taxes!
But, like any superhero, I do it for the good of humankind (especially the self-employed humans) even if it means I’m known as Major Bummer Pants.
It’s super common for people to make write off mistakes. It isn’t because they’re trying to fleece the system- it’s just because they never learned the ins and outs of write-offs.
The big T is here and before you run away in horror like you just saw Slimer empty an entire buffet cart in his mouth, hear me out.
The biggest reason people put off getting prepped for their self-employed taxes is because they don’t know WHAT to prep or how. There are a million things they hear that they should be writing off, but they have no clear system for gathering this info.
Are you seduced by the deep dark hole of procrastination when it comes to your finances? You know the one- it looks like binge watching Netflix and eating Nutella on potato chips instead of filing your receipts and doing your bookkeeping.
Yea, so am I.
Does the thought of doing your taxes totally bum you out? Late nights combing through Turbo Tax and Google, trying to figure out if that one random deduction actually applies to you. Hitting Submit unconfidently and crossing your fingers that you didn’t screw something up.
Well, good news! There is a super magical person that can do all that combing and submitting for you- a CPA or Enrolled Agent.