At Bare Minimum open a TAX ACCOUNT Artwork

InciteFUL Profit Podcast | Incite Tax

When business owners have clarity in their financial actions, they’re able to use their wealth for good. We're here to provide clear communication on steps you can take to accelerate your profit and build financial resiliency as a business owner. Profit first!

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InciteFUL Profit Podcast | Incite Tax

At Bare Minimum open a TAX ACCOUNT

March 08, 2022 • John Briggs • Season 3 • Episode 7

Profit First is an amazing cash flow management system. Some owners are fine using a simple spreadsheet. Whatever works for you is great. There is one constant that causes major stress for almost all business owners... taxes! Whichever system you use to manage your finances, the bare minimum thing you should do that will save stress and minimize cash flow issues, is to open a separate Tax Account. This is simply a separate bank account from your normal business account where you will only put money in it for the purpose of saving to pay taxes.

If you do nothing else, open a Tax Account.

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