Episode 79 The Ultimate Guide to Small Business Finances & Taxation

Episode Summary: 

It’s time to learn the basics of small business finance and taxation in this FAQ-style video with a CPA and certified financial planner, Mark Tew.

Main Takeaways

Your taxes rely on the self-kept records of your personal finances. 

• Knowing your finances well helps you make informed and strategic investment decisions as a business owner.

• One of the most basic good-money practices as an entrepreneur is to have a separate bank account for your business.

• Commingling business and personal finances will pierce through the corporate veil of protection offered by registering as an LLC.

• A basic education on your business taxes is essential to help you move forward and manage your money efficiently.

Resources Mentioned: 

• The Millionaire Next Door: https://a.co/d/g49L7YU

• Calendly: https://calendly.com/

• Kajabi: https://kajabi.com/

• Camtasia: https://www.techsmith.com/camtasia/

• Instagram: https://www.instagram.com/

Connect with Mark Tew:

• Website: https://notyourdadscpa.com/

• Instagram: https://www.instagram.com/notyourdadscpa

• Email: mark@notyourdadscpa.com

• Facebook Group: https://www.facebook.com/groups/accountingforsellers/

Connect with GBP Law:

• Website: https://www.gbplaw.com/

• Instagram: https://www.instagram.com/gbplaw/

• Facebook: https://www.facebook.com/GBPLaw

• LinkedIn: https://www.linkedin.com/in/gbplaw/

  
  Watch the episode on YouTube:  https://youtu.be/a32NtjK8pTU