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.
Do you ever wish there was a blueprint for how to manage your money as a self-employed person? I do!
When I first went full-time self-employed I was clueless about how to deal with my money. I went from the cushy life of an employee, with a regular paycheck and taxes only once a year, to reality of self-employment- clients don’t pay you on time, you have mega taxes to pay, and you’re managing two sets of finances.
I don’t know about you, but I’ve gotten into *plenty* of fights with my money. You know the kind- those fights where everything starts off hunky dory. A trip to the mall. A frozen yogurt. And then your money does something that really annoys you and you can’t help but say something about it.
The next thing you know you’re vowing to never speak to each other again even though you have to sit together on the bus tomorrow.
Do you ever feel like financial goal setting is a bunch of fluff? I used to feel that way. I would set a goal and a date to do it by then totally FORGET that I made the goal in the first place. Somewhere down the line, I’d find some crumpled up piece of paper with my goal on it and go, “Oh yeah, I had a goal once.”
Financial goal setting is an art where you take in the future,