Last week we talked about why it’s so important to reconcile your business bank and credit card accounts, now let’s dive into some best practices to make sure it actually gets done. Set a regular schedule for reconciliation. Whether it’s daily, weekly, or monthly depends on your business size and

If you’re a subscriber to this blog, you probably already know that managing your finances is crucial for running a successful business. But have you ever found yourself scratching your head, wondering where a certain expense came from, or why your bank balance doesn’t match your records? That’s where regular

As much as we all want to get bookkeeping off our plates, let’s face it, running a business is expensive, and sometimes hiring a bookkeeper just isn’t in the budget. But don’t worry, managing your finances on your own is totally doable with a bit of organization and the right

If you follow me on social media, you know that I’ve been suffering from some pretty intense anxiety over the last few months. I’m not going to lie, it f&$@ing sucks, and it makes owning a business even harder. If you’re reading this, chances are you’ve felt that gnawing sense

Tax deductible doesn’t mean free, but legitimate deductions can reduce your tax liability. That means if your Total Income is $1000, but you have $500 in deductions, your Net Income (also your tax liability) is $500. You pay a percentage of that number to taxes. Let’s say your tax bracket

Managing finances is one of the most critical yet challenging aspects, especially as your business grows. When the complexity of your financial tasks increases and it starts to feel like your drowning, it’s time to reach out for a rescue. Because it’s essential to maintain accurate records and stay compliant

Last week I detailed 7 Grants for Women-Owned Business, so you know there are opportunities out there for free mulah for your business. Now I want to talk about HOW you get that money, and that’s going to involve writing a killer grant proposal. Because let’s be real – the

Starting and growing a business is soooooo freakin’ hard sometimes, y’all know this. But remember, you don’t have to do it all by yourself (even if you are a solopreneur). There are several grants out there designed to give women business owners the financial boost they need to succeed. Let’s

Last week I gave you 5 Essential Tips to Avoid Getting Audited, but I also told you those would reduce your chances but not be a 100% guarantee that it will never happen to you. So, what do you do if you’ve received a notice from the IRS about a

There’s no two ways about it – filing your taxes is stressful all on its own, but the looming threat of an audit and/or penalties takes it to a whole other level. While there’s no surefire way to guarantee you’ll never be audited, there are certain steps you can take