
Marketing To Millions
Marketing To Millions
Tax Deductions For The Self-Employed + Changes Coming For 2022
“Whoever is listening, I'm talking directly to you. Separate your business and personal finances. So get a business bank account. That is going to make just the organization of everything so much simpler, it's gonna make tax time easier for you, it's going to make just knowing your numbers and knowing if you're profitable, easier for you.” - Brittney Suttle
Tax and finances may seem to be daunting for business owners, but it doesn’t have to be that way. In this episode, Brittney Suttle demystifies tax and organizing your finances by knowing some tricks and utilizing tools. She also discusses tax laws and due dates to take note of. Employing the tactics can make life as an entrepreneur less stressful for you.
Brittney Suttle, an Indianapolis-based CPA, is the founder of Knies & Co, a virtual CPA firm working with online entrepreneurs. An educator and self-proclaimed financial guru, her mission is to make money more approachable for women. She passionately works to help female entrepreneurs get more out of their business (& life) through great money management & simple systems. She is currently obsessed with pasta, her flexible schedule, and no make-up days. When not on the other side of this computer, you can find her working at one of her rental properties, sipping champagne on the porch with her husband, or entertaining her little one, Sam.
[00:01 - 05:09] Finances Do Not Have to Be Complicated
[05:10 - 20:21] Steps to Take for Getting Organized with Tax Filing
[20:22 - 34:17] Due Dates, Forms, and Tax Estimates
[34:18 - 38:42] Wrapping Up!
Key Quotes
“These [add-ons] are the expenses that you may be paying for personally, but are also business related, because you do use them at least partially for your business. So because they're not necessarily run through and paid via your business, you just don't think about including them as a deduction. And these are things like your cell phone and internet.” - Brittney Suttle
“It's still helpful to have people in your corner that are certified, can answer the questions correctly that you have, and are there to support you in the way that your business is set up and the way that you are wanting to grow your business.” - Liz Boer
Resources Mentioned
https://quickbooks.intuit.com/accounting/
Connect with Brittney
Website: www.kniesandco.com
Instagram: @brittneysuttlecpa
Facebook group: The Prosper Simply Community
Let’s get connected!
You can find me on Instagram and Facebook. Visit my website https://lizboer.com
Join the Marketing to Millions FB Group
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