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תוכן מסופק על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
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165: The Gap Between Your Bank Balance And Net Income Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Or Owner

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Manage episode 386473817 series 2840137
תוכן מסופק על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

There’s often a misconception when it comes to figuring out what you’ll be taxed on in your business. This is normally referred to as your net income. Many business owners will take a look at their business bank account and think this is the number they will use for their net income or what they will be paying taxes on, but it isn’t an accurate way to look at it, and it causes a lot of problems, especially if that bank account balance is lower than the actual net income. I’ve heard many times that business owners don’t think they will owe much for taxes because they only have a small dollar amount in their bank account. In today’s podcast episode, I cover some of the main reasons why there may be a gap between your bank balance and your net income. It may seem like your bank balance would be an accurate way to tell what you’ll be paying taxes on, but you’ll find out today what can cause this number to not match what your true profit and loss or net income amount. Whether you are starting a business or side hustle, you’re a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper or accountant, a virtual assistant or VA, or other professional, when you are trying to figure out what you’re tax liability will be based on, I want you to make sure you are as prepared as possible for filing your taxes, and you don’t have any surprises pop up…

Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week. Find out where you’d like to see yourself and your business in the future. We’ll create a laser-focused plan, including which action steps you need to take to get started on the path to success:

https://www.financialadventure.com/work-with-me

Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here:

https://www.financialadventure.com/accountant

Ready to set up your business? I have a program I’m creating to help you get your business set up so that you can start making money. Sign up for this program here:

https://www.financialadventure.com/start

Are you ready to try coaching? Schedule an Introductory Coaching Session today. You’ll have the opportunity to dip your toes in and see how you like coaching with an Introductory Coaching Session. I’ll spend the whole time coaching you on anything you’d like coaching on in your business or your personal life:

https://www.financialadventure.com/intro

Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for. Are you ready to generate revenues and increase the profit in your business:

https://www.financialadventure.com/profit

If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here:

https://www.financialadventure.com/sidehustle

Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:

https://www.financialadventure.com/5essentials

Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You:

https://www.financialadventure.com/starterguide

Join Our Facebook Community: https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique

The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration! You can learn more and sign up here:

https://www.financialadventure.com/sba

Looking for a payroll solution for your business? You can get an exclusive 15% discount on your payroll services when you sign up here:

https://www.financialadventure.com/adp

QuickBooks Online - Save 30% Your First 6 Months:

https://www.financialadventure.com/quickbooks

Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you:

https://www.financialadventure.com/discovery

Show Notes: https://www.financialadventure.com

This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

  continue reading

193 פרקים

Artwork
iconשתפו
 
Manage episode 386473817 series 2840137
תוכן מסופק על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Chris Panek - CPA, Business Strategist & Business Coach For Entrepreneurs Growing Their Business, Chris Panek - CPA, Business Strategist, and Business Coach For Entrepreneurs Growing Their Business או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

There’s often a misconception when it comes to figuring out what you’ll be taxed on in your business. This is normally referred to as your net income. Many business owners will take a look at their business bank account and think this is the number they will use for their net income or what they will be paying taxes on, but it isn’t an accurate way to look at it, and it causes a lot of problems, especially if that bank account balance is lower than the actual net income. I’ve heard many times that business owners don’t think they will owe much for taxes because they only have a small dollar amount in their bank account. In today’s podcast episode, I cover some of the main reasons why there may be a gap between your bank balance and your net income. It may seem like your bank balance would be an accurate way to tell what you’ll be paying taxes on, but you’ll find out today what can cause this number to not match what your true profit and loss or net income amount. Whether you are starting a business or side hustle, you’re a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper or accountant, a virtual assistant or VA, or other professional, when you are trying to figure out what you’re tax liability will be based on, I want you to make sure you are as prepared as possible for filing your taxes, and you don’t have any surprises pop up…

Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week. Find out where you’d like to see yourself and your business in the future. We’ll create a laser-focused plan, including which action steps you need to take to get started on the path to success:

https://www.financialadventure.com/work-with-me

Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here:

https://www.financialadventure.com/accountant

Ready to set up your business? I have a program I’m creating to help you get your business set up so that you can start making money. Sign up for this program here:

https://www.financialadventure.com/start

Are you ready to try coaching? Schedule an Introductory Coaching Session today. You’ll have the opportunity to dip your toes in and see how you like coaching with an Introductory Coaching Session. I’ll spend the whole time coaching you on anything you’d like coaching on in your business or your personal life:

https://www.financialadventure.com/intro

Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for. Are you ready to generate revenues and increase the profit in your business:

https://www.financialadventure.com/profit

If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here:

https://www.financialadventure.com/sidehustle

Grab Your FREE guide: 5 Essential Strategies For Stress-Free Bookkeeping:

https://www.financialadventure.com/5essentials

Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You:

https://www.financialadventure.com/starterguide

Join Our Facebook Community: https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique

The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration! You can learn more and sign up here:

https://www.financialadventure.com/sba

Looking for a payroll solution for your business? You can get an exclusive 15% discount on your payroll services when you sign up here:

https://www.financialadventure.com/adp

QuickBooks Online - Save 30% Your First 6 Months:

https://www.financialadventure.com/quickbooks

Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you:

https://www.financialadventure.com/discovery

Show Notes: https://www.financialadventure.com

This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

  continue reading

193 פרקים

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