Are you ready for tax season?
In this episode of Serve Scale Soar®, we are talking about the super sexy topic of taxes. Now, that may not sound exciting but don’t leave me yet! We are digging into some of the most commonly asked questions I get about bookkeeping and taxes. This episode could potentially save you tons of money!
Joining me in this tax talk is Rebecca Driscoll from Conscious Accounting. She is my own accountant and she is here to tell us how we can prepare for tax season. There are a lot of misconceptions around taxes including when to file, LLC and S-Corp, and so much more, and Rebecca is here to help us understand everything we need to know.
Rebecca is a certified public accountant with a Masters of Accountancy from the University of South Florida. She founded Conscious Accounting in 2016 and has enjoyed watching Conscious Accounting grow over the years. She loves hiking in the mountains with her husband, Tom, playing with her baby boy, Benjie, and accounting, of course!
- When you need to file taxes
- What you need to know about using online tax filing services
- The chances of getting audited
- Whether you should be saving receipts or not
- Why you need separate accounts for business and personal
- Why bookkeeping is so important
- How your profit is taxed
- LLC vs. S Corp when it comes to taxes
- Expenses associated with S Corp
- Payroll software
- Quarterly estimated taxes
- The benefits of using an accountant for your taxes
I hope you find this information helpful! It really is so beneficial to have a team of experts there for you and ready to help you through complicated tax or life situations where you need a little backup, especially as someone who is self-employed. When you are confident in your bookkeeping and your taxes, you are taking care of business!
If you enjoyed this conversation with Rebecca and want to learn more, make sure to check out her website and see how you can work with her. You can also follow her on Instagram and sign up for her newsletter for additional tips.
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Brandi Mowles is the host of the Serve Scale Soar® podcast which is a podcast dedicated to helping service-based entrepreneurs scale their online business to five-figure months so they can soar into six-figure years. Brandi is a wife, mom and in less than one year, created a six-figure business. Now she is spilling all her secrets so you can too.