On this episode of the podcast I answer your home office deduction and other small business entity questions from my Friday Facebook Live.

This episode is brought to you by my FREE Tax Challenge. Taxes suck but we all have to file them. I'll walk you through the 5 steps you need to get your tax documents organized and ready to file. Sign up for this free challenge.

Here are this week's questions:

1. What's the biggest financial mistake you see sole proprietorships make in their first year? - submitted by Annika P

Short answer: not paying quarterly taxes. People get in the "oh shit" cycle of not saving for quarterly taxes, getting caught off guard, then getting behind on paying them.

2. When I created my LLC  I set it up as a partner LLC with my husband and me. Was that a mistake? He's going to help me with things once I get everything up and running. You mentioned something about a single-member LLC and now I'm wondering if I messed up. We haven't...

On this episode of the podcast I share the answers to the questions asked on the Friday Live in my Facebook group Braden's Besties

This episode is brought to you by my FREE Tax Challenge. Taxes suck but we all have to file them. I'll walk you through the 5 steps you need to get your tax documents organized and ready to file. Sign up for this free challenge.

Today on the podcast I'm mixing it up. Instead of our usual Tuesday podcast where I answer only one question from my Facebook group, I'm going to be sharing an audio version of my Friday Facebook Live where I answer several questions from Facebook group members like you on anything from specific contract questions to questions about my programs.

Here are this week's questions:

1. If my business was formed as an S Corp but I want to change it to an LLC, what do I need to do? - submitted by Jenny You will need to send in a statement of revocation and also an entity classification election form (IRS form...

On this episode I'm bringing an official end to The Money Series by recapping the financial information and resources my guests and I have shared over the last couple months.

Today on the podcast we’re bringing an official end to The Money Series. If you’re new to the podcast, my guests and I have been sharing information and resources for the last couple of months about money – everything from increasing sales to bookkeeping to taxes. These topics can seem like a total drag, but they’re critical to our business success and I only have fun friends who can make something as stressful as back taxes sound exciting!

I’m rounding-up 10 of the top tips my guests and I shared over the last couple of months and giving you the next step to take after The Money Series – Unfuck Your Finance, available this week only.

To listen to the full episode of the money tips shared on today's episode, check out the following

1. Episode 123...

On this episode I share more about my personal history with finances and how my Unf*ck Your Finance course came to be.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

For my 30th birthday I was on a trip and on the airplane of all places I started crunching my business numbers to calculate my profitability. What I learned was that about 60-70% of all of my business income was going back into business expenses each month and that was wayyy too high for my service-based business that should have low overhead. I went back and started cutting expenses I didn't need to have, including trading my $1,000/month WeWork for a home office which has worked for the last year and a half.

My ability to contribute more to the bills provided more income for my husband to have his dream home. I...

On this episode of the podcast I answer the question, "how do I file taxes?"

Get ready to file your taxes with my FREE 5 Day Tax Challenge filled with actionable steps you can do in 30 minutes a day, recorded Q&As, and downloadable template. Here are the 5 steps you'll find in the 5 Day Tax Challenge.

1. Gather all your documents - bank statements, 1099 NECs (received from other people),1099 Ks (received from Paypal, Stripe or any other payment processor)

2. Learn and understand your deductions

3. Separate your expenses - go through all your bank statements and make sure everything is business-related. You should already have a business bank account. If you haven't separated your banking, tsk tsk, go through and highlight anything that's business-related.

4. Make sure you sent out any 1099s - You will pay a penalty sending them out after February 1st

5. Do your bookkeeping - If you do not already have a bookkeeping software set-up like Quickbooks or Wave. This will help you organize...

On today's episode of the podcast I share how to plan for retirement as a creative entrepreneur.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

Retirement planning is incredibly important. Before you can begin planning, here are a few questions to ask yourself:

1. Do I have a system to set aside a specified percentage of my business income for estimated state and federal taxes

2. Am I up to date on my past tax returns and tax payments? (If no, check out this post).

3. Am I free of consumer debt? (think everything except mortgages and students loans)

4. Do I have an emergency fund of at least $1,000 saved?

If you answered yes, continue with vigor. If you answered no, I’d recommend starting with my free masterclass. It’ll teach you how to begin working on these steps...

On this episode, I chat with Maria Bayer, sales coach, strategist, and wealth builder, about how to close sales when you hate talking on the phone and feel like selling in the DMs is unnatural.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new and experienced creative entrepreneurs & how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

Today's question comes from Melissa McClure, a wedding and boudoir photographer and educator who asks, "Do you have any tips on closing sales when you hate talking on the phone and when you feel like selling in the DMs is unnatural?"

Most importantly you have to get comfortable with talking to your clients. If you can't communicate with them you won't be able to evoke emotion with them and sell them what they truly need. You can't do that in the DMs, especially if you are selling a high-end service. Part of why people are uncomfortable is...

On this episode I'm talking about the six life and business lessons I learned in 2020.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by creative entrepreneurs & how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

(1) Life lesson: Minimalism is fantastic

My desire for minimalism stems from my Ennegram 7 and need for control when stressed. Minimalism and cleaning allows you to take control of your space. On this episode I discuss a conversation I recently had with one of my students about the message that minimalism sends, and thoughts that the message of minimalism is one associated with elitism.

I subscribe to the phrase, "Cluttered space, cluttered mind." Minimalism has helped me on the business side of my life to streamline my offers. I've gotten my business down to one funnel (check it out here). It will walk you through the steps to unfuck your biz.

Minimalism has helped to curb my spending,...

On this episode, I give an introduction to cash flow management and share how you can get started with my super simple approach.

Let’s face it, 2020 has been a financial shitshow for many of us. I'm kicking off the Money Series on my podcast with a discussion on cash flow management. The Money Series will cover personal budgeting, business budgeting, how much to pay yourself, specific tax deduction and bookkeeping questions and how to get more revenue in your business right now with upsells, cross-promotions and more.

Today’s topic: what is cash flow management? And once a client pays you, what happens to the money? We’re talking where it should go, how to get paid and ways to intentionally manage your cash flow management.

Previously on the podcast we’ve covered the basics of Cash Flow 1.0 – putting all your business money into a business bank account to pay your business expenses, then transferring the money to our personal...

The door close today for the fall class of Unf*ck Your Biz. Checkout this episode for more details on the program.

Link mentioned by Braden

Join the fall class at www.unfuckyourbiz.com