Learn and Grow with a Lawyer
00:00 Introduction 04:20 The Importance of Budgeting in Business 09:54 Understanding Tax Strategies 15:55 The Role of a Money Team 25:05 Getting Your Books in Order 30:59 Practical Steps for Financial Management In this episode of Learn and Grow With a Lawyer, host Lauren J. Buckner, Esq., discusses essential financial strategies for business owners with CPA Annette Campbell. They explore the importance of budgeting, tax strategies, and the necessity of having a dedicated money team to ensure financial health and growth. The conversation emphasizes practical steps for managing finances effectively, including bookkeeping and utilizing accounting software. Listeners are encouraged to take immediate action to improve their financial management and avoid common pitfalls that can hinder business success. With the financial landscape continually evolving, tax strategy becomes a vital component for business owners. Annette emphasizes that tax strategy is not just about tax season; it’s a year-round consideration. "You cannot wait until January to think about tax planning," she advises. Instead, understanding tax codes and available deductions can save businesses significant amounts of money. She shares that business owners often overpay the IRS due to a lack of knowledge about these strategies. For instance, engaging in regular conversations with a financial advisor can help identify potential deductions and ensure you’re not leaving money on the table. Ready to chat? Schedule Complimentary 15-min Consultation Call: https://tinyurl.com/Bizbuilderchat Download your free Business Audit Checklist and start protecting what you’re building: https://tinyurl.com/auditsnapshot Website: www.bucknerconsult.com Follow Me on: Instagram [https://www.instagram.com/laurenbuckner_/] Connect with me on: LinkedIn [https://www.linkedin.com/in/lauren-buckner22/]
7 episodios
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