Episode 166: The Importance of Making Time to Unf*ck Your Biz

interview sales tax Apr 19, 2021

On this episode of the podcast I chat with guest and former Unf*ck Your Biz student Jen Draper about how she got out of the "Oh Shit" cycle.

 

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

Dietician Jen Draper found herself in the "oh shit" cycle of owing back taxes and juggling those payments, savings, and loan pay-off. Jen wasn't sure what to pay first and not sure how to pay it all at once. When Jen joined the Unf*ck Your Biz course she learned that she wasn't the only one who owed back taxes and wasn't alone...

YAAAS, I need to finish reading this one...

Episode 165: Getting Stuck with Overcomplication

other legal solo show Apr 15, 2021

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

"Your systems are only as good as your ability to manage them." This is the mantra I often tell myself. Sometimes we start off very well-intentioned, and then we get overwhelmed with choices and burned out because we've created too much for ourselves.

 

We do this with the legal and tax aspects too. We get really well-intentioned, maybe it's with setting up Quick Books and getting our bookkeeping in order with sub accounts and then we realize we've created an...

YAAAS, I need to finish reading this one...

Episode 164: Unf*cking Your Established Biz

On this episode of the podcast I chat with Los Angeles DJ Courtney Ibarra, better known as DJ Dazzler about her business and how she leaned into the business owner title.

 

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

When we don't account for our money, we have no idea how much we have. When it comes to bookkeeping and setting up a business bank account, we get a better understanding of our business and if we are truly makin money and being profitable.

 

The subject of money can be scary and unattractive to...

YAAAS, I need to finish reading this one...

Episode 163: FB Live

q&a solo show Apr 13, 2021

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." In this Masterclass you will learn if it's time to go from a sole proprietorship to an LLC, an LLC to a S-Corp, and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear or IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

 

This week on Facebook Live I answered the following questions:

 

1. I am self-employed (single-member LLC) and I know that I will, of course, have to pay taxes. My husband (employee for a company, not self-employed) is concerned that if we file together he will not get a return. Should we file together or separately? What are some pros/cons for this? - submitted by Bristol E

 

If we are married and filing jointly then our taxes are based on our...

YAAAS, I need to finish reading this one...

Episode 162: Unf*cking Your Biz from the Start of Your Entrepreneurship Journey

On this episode of the podcast I chat with guest and former Unf*ck Your Biz student Suzanne Birnbaum about her move into entrepreneurship

 

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

Suzanne shares about her move into entrepreneurship as a stay at home mom and finding her niche in wedding planning. She discovered Unf*ck Your Biz through wedding planner Megan Gilikin and decided to register for the course while attending the Masterclass.

 

Suzanne has developed her contracts during the Unf*ck Your Biz...

YAAAS, I need to finish reading this one...

Episode 161: You're Not "Too Beginner"

other legal solo show Apr 08, 2021

.

On this episode of the podcast I talk about what makes someone a beginner and who is "too beginner" for my Unf*ck Your Biz course.

 

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

While I was looking through the responses business owners shared with me as to why they did not join the Unf*ck Your Biz course I noticed that 25% of the responses all said the same thing. "I'm too beginner."

 

Whether you buy the course or not, this is pep talk to you that your business is not "too beginner." If you view yourself...

YAAAS, I need to finish reading this one...

Episode 160: How to Juggle the Legal and Tax Side When You Run Multiple Businesses

On this episode of the podcast I chat with multi business owner and Unf*ck Your Biz alumni Connie Hurlburt about how she manages the tax and legal aspects of her LLCs and partnerships.

 

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

Connie found me through a friend and signed up for my Masterclass to get the free bonus. With multiple income streams, Connie was starting to get scared taking on more clients not knowing what she owed in taxes or how to pay them, especially being in a partnership and not knowing how...

YAAAS, I need to finish reading this one...

Episode 159: Answering Your Legal Protection Questions

q&a solo show Apr 06, 2021

This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." In this Masterclass you will learn if it's time to go from a sole proprietorship to an LLC, an LLC to a S-Corp, and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear or IRS hate mail or lawsuits. Click here to sign up for the Masterclass.

 

 

This week on Facebook Live I answered the following questions:

 

1. Researching domestication of my client’s LLC from one state to another and discovered their LLC expired in January. Can they still switch states if it’s expired, or will they have to renew it first? They asked if they should just apply for the LLC in their new state and dismiss the old one but wouldn’t that cause problems with the payments received since January not going...

YAAAS, I need to finish reading this one...

Episode 158: Getting Your Business Up and Running

On this episode of the podcast I chat with guest and former Unf*ck Your Biz student Stephanie Lay.

 

Stephanie Lay is an event manager pivoted to virtual assistant to solo female entrepreneurs. Stephanie took a free two week challenge with Braden and discovered how the tax and legal aspect could actually be fun and not as scary and intimidating as it sounded and how much she still had to learn.

 

The tax and legal aspect of business is not one that you can just wing and isn't the easiest to figure out through Google searching the way a new email software or design program may be.

 

Unf*ck Your Biz is open to all levels of business owners, from brand new to years in, helping one another learn from what they have done and what they need to do.

 

Stephanie opened her business bank account, set up her Qapital account and has started going to taxes. She started her LLC in her state. She went on to join the Unf*ck Your Biz alumni-only group to Unf*ck Your Finance and...

YAAAS, I need to finish reading this one...

Episode 157: Calculating Business Tax

income tax solo show Apr 02, 2021

On this episode I dive into a detailed example of how to calculate your business taxes in the third and final episode of my business boot camp.

 

If you haven't already, go back and listen to boot camp episode one and two before diving into today's episode.

 

Example: Elle graduated college this year and went straight into her photography business. Her business made $25,000 and she had business expenses of $7,000. Elle paid $100 in student loan interest (adjustment). She had no itemized deductions.

 

To calculate Elle's tax percentage:

  1. Calculate net business income = Business income - Business expenses

  2. Add in any other income. In this case, Elle does not have any but this is where you would add in other job income, spousal income, rental property income, etc.

  3. Subtract adjustments to get AGI (Adjusted Gross Income) = Net business income - Adjustments

  4. Elle does not have any itemized deductions which means she will only deduct her standard deduction ($12,200) in...

YAAAS, I need to finish reading this one...
Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.