Episode 199: Getting The Most From Your Tax Deductions— with Wendy Barlin
Keep the money you should keep in your pocket. You worked hard for your income, so wouldn't it be nice to keep every penny you should keep.
Since tax time in the US is right around the corner, this is a perfect time to consider how to do that through tax deductions as well as your consulting business' financial health.
In this Craft of Consulting Podcast episode, I interview Wendy Barlin who shares advice about making sure you take all of the tax deductions you can and setting your business up well financially.
Wendy Barlin helps people maximize tax deductions and keep their finances organized. In this episode, we talk about:
Keeping records that help you maximize deductions
Avoiding comingling your money
Using the Profit First system
Setting aside money for taxes
Understanding ordinary and necessary business expenses and how to play in the gray area
Sifting through misinformation about deductions
Paying or not paying estimated taxes
Chasing profit instead of just revenue
For more information about Wendy Barlin: